Markets can remain irrational longer than you can remain solvent – John Maynard Keynes. Like exercising, money management is a concept most pay lip service to, but few unfortunately practice. Just like eating a healthy diet and staying actively fit, money management can seem a laborious, disagreeable motion. It forces traders to monitor positions and … Continue reading Approaching Money Management – A Vital Component
The laws governing the creation of fractals are found throughout nature. Fractal patterns are recursive as no matter how complex the whole, it’s built from many repetitions of the same process. Romanesco broccoli, spirals of pinecone seeds, ice crystals, trees, rivers, leaves and even water drops exhibit the properties of repeated application. The late Benoit … Continue reading An Introductory Guide to Using Fractals in the Forex Market
Do technical trading patterns exist and are they profitable? This is a question often asked by new traders. Depending on who you ask, the response will differ. Some academics and investors believe patterns don’t exist – that price action is entirely random, whereas the majority of technical analysts are adamant chart patterns exist and are … Continue reading A Primer to Understanding Basic Chart Patterns
Technical analysis is an efficient technique used to study price movements of financial markets, with its findings forming a credible guide to future market direction. One of the most well-known chart patterns is the head and shoulders formation, boasting not only high profitability, but also distinct rules for its assembly. Although considered a high-probability pattern, … Continue reading Trading the Head and Shoulders Chart Pattern
An integral part of becoming a consistently profitable trader is finding a trading style that suits your emotional disposition. Fortunately, a number of trading styles are available. Although each style differs on holding periods and frequency, position trading, swing trading, day trading and scalping are among the most widely used channels within the technical community. … Continue reading Scalping the Forex Market: A Beginner’s Guide
