Money Management Truth This article was written by Nial Fuller of Market Geeks to expose some truths and some myths surrounding the topic of managing your trading capital. Most information out there on money management is completely useless and will not work well in professional trading. “What most traders are taught about money management is usually ‘lies’ invented by the industry to help you lose your money “slower” so that brokers can make more commission / spreads from you. If you’re using the 2% money management rule, this article may put that theory into question, which is the point… to…
What Kind of Forex Trader Are You? To be a successful forex trader, the most important thing to know about yourself as a trader, more important than any trading system or indicator you can use…. is what kind of trader are you? What type of personality do you have, what is your best trading style? As an experienced forex trader, I can take almost any forex trading system, no matter how crappy, and make it successful for me, because I know my personal trading style and can apply it to any trading system. So it’s more important for you to…
The Trend is Your Friend, Until it Bends Trends appear on all time frames. The Trend Is Your Friend, Until it Bends…. what does this mean? Trends appear on monthly, weekly, and daily charts for long-term trading. They appear on H4 charts all the way down to H1 charts for day trading and on 30 min charts down to 1 – 5 minute charts for scalping. One of the greatest financial benefits of learning how to trade currencies is learning the skill of spotting a trend that can last several hours for scalping, several days for day trading, and several months,…