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Timeframe: hourly chart Instrument: a major currency pair Time: open at the start of a new candle – whenever you identify a signal/opportunity Risk/Reward: 16 pips SL and 40 pips TP Don’t close a trade before SL or TP is reached Position size: 50k Take 10 trades...

The fundamentals give us the reasons: Russia/Ukraine unrest, Interest rates, Inflation, Supply chain disruptions, COVID fears….these are some of the reasons why a currency will move/trend in a particular direction. And these reasons will dictate supply and demand,...

I guess we have to qualify the question. For pleasure (and pain for sure) nothing beats the excitement and intensity of having a wager on a sporting event. Whether it’s your team or not, the adrenalin and excitement is magic! However, as a business with a goal of...

Trading is an unconventional business, in that doing more does not equate to making more. Overtrading is one of the most common mistakes made by all traders, particularly new traders. And it's understandable because your broker is encouraging you to take more trades....

As I’ve said so many times, yes we need a strategy and we must always look to improve our market analysis. The markets are constantly changing as geo-political and economic circumstances are in a constant state of flux. We always have to be aware of live market...

Here’s what we have learned: there is an inverse relationship between gold and the dollar. Strong USD = weak gold. Weak USD = strong gold. Well, its 2021 and it looks like we have to relearn. This past week we’ve seen the USD Index rally to break resistance (94.58...

After a weak 2020, the greenback has showed real signs of strength this year. The eur/usd started the year at $1.2300 and is now trading at $1.1740. The pair fell to current levels, ($1.1700) in the first quarter, only to bounce back to $1.2300 in June. Factors that...

Following Friday’s (August 6th) strong jobs report there’s a lot of data for us to digest going into the traditionally slow summer months. We saw 943K new jobs created and unemployment slide to 5.4%, while crude prices showed a rebound as the world’s largest economy...

Starting a new business…it’s risky. Anyone who tells you otherwise is not being honest. Forex trading…it’s risky. Anyone tells you otherwise is either naïve or again, simply not telling you the truth. So make sure you’re going in with your eyes open and realistic...

The traditional inverse relationship between gold and the USD just hasn’t really materialized. Although we’ve seen USD weakness, political uncertainty, and economic stimulus across the globe, gold has failed to show real signs of strength. Technically we saw the...

It’s been a year since the USD collapse started for real. From May 2020 highs of 100.52 down to January 2021 lows of 89.16. And then came the fightback – a new US Government coupled with the rollout of a vaccination program to end COVID 19, a new stimulus package…and...

In all my years of teaching and training, this could be one of the most common questions I get asked by new traders: “How much do I need to open my account with? Or, “What’s the right amount to start trading with?” We’re talking about money and there is nothing more...

As we enter 2021 I think its safe to say that the scepticism is gone. We are all believers, and that’s not an opinion, as a technical trader I’m looking at the facts. A year ago today the price of bitcoin was slightly over $8000. Today we’re looking at over $40000!!...

Here’s how the week started out. US Elections, Brexit nearing some kind of finality, Bank of England Monetary policy decision, and the 2nd wave of the Pandemic threatens to shut down the world economy...again. Yet as frightening as it seems, the market’s reaction...

We’ve seen the US Dollar lose 10% of its value since March, 4% of that in July alone. However, it now looks like the major US pairs have reached significant resistance and support levels and seem to be in ranging territory for the time being. The question us traders...

Over the past two months we have seen the results of the lockdown. Business confidence shattered, millions of jobs lost, market confidence in a state of panic. Now we’re hearing about the world re-opening and economic activity becoming clearer…sentiment is turning....

Fundamental traders will analyze OPEC, Russia and Saudi Arabia’s coordinated a supply cut. But the defining catalyst during Coronavirus could well be the plunge in demand as oil prices struggle to recover. Oil is for moving and the world has come to a stand-still....

Our world is in panic mode as coronavirus spreads across the world and is leaving global markets shattered in its wake. This is an extremely trying and testing time for all of us and first and foremost I hope that everyone is compassionate, considerate and does...

This was a big week for gold as we saw the $1600 level tested and there looks to be real follow through at the time of writing. Its been a real interesting few months for us gold traders. The traditional inverse relationship: strong USD = weak gold and weak USD =...

It all started in January. In globally linked actions we saw central banks start moving from a tightening stance to easing. The Trump administration was involved in trade disputes with China, Japan, Mexico, Europe and Canada. Britain and the whole of Europe were...

Historically December sees the stock markets enjoy a bull run. Since 1950 no other month has posted a higher average return than December. As a technical trader I always like to look at history, past performance…Here’ what I’ve learned. We have had recessions in the...

Yes you’re a retail trader, but that doesn’t mean you have to trade like one. The big players, financial institutions make a living off the retail trader – so change teams and trade like they do. Forget that the dollar amount in your account is no where near the size...

Yes, technology is wonderful and allows us to trade alongside the biggest players with the same live information. However, we must be careful to not fall into the mistake of constantly switching and changing timeframes when we are looking at live charts and using our...

Starting any new business involves risk. The number of new businesses that fail to make it after their first year is over 60 %. (source: Harvard Business school study). Unofficial numbers run as high as 70% and higher. Suffice to say that it is accepted and common...

Its not the business of forex trading that’s the problem. In fact, I believe currency trading to be the ultimate business. When one opens a “regular”, or conventional business it would be perfectly acceptable to look for a 15%, maybe 20% or 25% return on your...

What do traders look for? Volatility, volume and sentiment. When we can check off these boxes there’s an opportunity, and as traders we recognize all this in the world of cryptocurrency trading.

These are the two emotions that affect every trader, regardless of experience or financial standing. Greed – the desire to make as much money as you can. Fear – the fear of losing money.

Trading on a demo account will teach you how to use your trading platform and give you the opportunity to familiarize yourself with all your broker’s trading tools. However, I do not believe that one can practice their trading strategies without a real trading account.