There comes a time in the career of a professional trader where you want to develop a winning trading system of your own. It doesn’t matter if you purchase one and tweak or take one of the many from the internet and grind out your own trading system. The reason is simple: We all trade […]
Trend lines are a great way to frame the market movement and often times they seem to act as support and resistance. Keep in mind it is not the actual trend line that stops price but can pinpoint areas on the chart where trader may have an interest in taking a position. You will often […]
Posted in Swing Trading Lessons 
Tags: draw trendlines, how to draw trendlines, trendlines 
No Comments »I don’t care if you are swing trading or day trading, you need a simple trading strategy instead of one with too many moving parts. You know what’s nuts? Traders who insist they are making money with a swing trading strategy that looks like this: I don’t know if this is a Picasso or someones […]
Trading pin bars is a price action approach that are used as part of a Forex trading strategy. From a daily chart to an intra-day trading chart, pin bar trading is a popular approach used by traders looking to find a reversal in the market using price action. From neat names like shooting star and hammers […]
Placing a stop loss or at least having a stop loss exit in mind is an important part of risk management. You should always have a place to exit and that will allow you to risk X % of your trading account instead of simply guessing. Keep in mind that as a person who trades, […]
Why are moving average trading strategies so popular? Moving averages are popular because they smooth out price “noise” and a quick look at a chart will show that trading the moving average crossover is an effective trading strategy. Or is it? WHAT IS A MOVING AVERAGE? A very popular technical indicator showing the average value of of a […]
One of the best pieces of advice a Forex trader will every get is to stop jumping from one Forex trading system to the next “big thing”. I know it gets difficult when you are using one Forex strategy and then your inbox is jammed with offers for another trading method. I doubt you delete […]
You’d think that after all these years, people would stop complaining about “stop loss hunting” in Forex. Given that your Forex broker IS the market when a retail Forex trader places a trade, people should know that the broker knows where your stop is located. Not yours exactly but the bulk of stop loss orders […]
Bollinger Bands were developed by John Bollinger in the 80’s and is without doubt one of the most popular indicators for swing trading in forex. Bollinger Bands measure price deviation from a central point – the moving average. The theory behind the Bollinger Band indicator is that when price deviates from the mean (the moving average), […]
Yes, you can make a lot of money Forex trading. Whether you swing trade currencies or day trade, the profit potential when trading with a quantifiable edge and a sized trading account, can be more than you make 9-5. I’ve had many months in the 4-5 digit ranges and I can tell you from experience, […]