What is a trading plan? It's a set of rules that you will follow as your trading business evolves. A few suggestions for included topics in the trading plan are as follows:
How to Chase a Trade
This week I would like to take a look at the possibility that you missed a terrific entry on a trade, but you are still confident in the eventual destination. How far are you willing to "chase" the trade?
Make Your Own Index
In every Forex class I teach at Online Trading Academy, we discuss certain "odds enhancers" that can help us in our trading.
What Do You Do at an Intersection?
This week we will continue the driving theme while we look at charts to help us determine high probability/low risk trades.
Learning to Trade is Like Learning to Drive
Occasionally a new student will think that there is a magic wand that we can wave which will make someone a successful trader. "Abracadabra, you now know the Holy Grail; next week you will make $1000 a day trading!"
Are You Thinking Like a Novice?
This week I would like to go into the thought process we all went through when learning how to trade, and when we learned how to trust our supply and demand zones.
What the Dentist Taught Me About Oscillators
One of the most common complaints we instructors hear is, "I'm not sure which supply zone to sell in or which demand zone to buy in. There are so many of them!" While this can be true, one of the odds enhancers we can use is an oscillator of the price action.
Fighting Central Banks
This post is going to explore a little bit about why a central bank may intervene in its currency, and how we can trade (or not trade!) this development.
Tired of Being Too Early or Late?
So you've analyzed the charts and have decided that your currency pair is trading at the right location for a possible reversal – a clear level of supply or demand. The questions in the back of most traders' minds are, "Will this level hold? Am I too early?"
How Badly Do You Need to be Right?
How many banner ads/pop-up ads/trading websites are out there advertising to the new trader a 1 to 3 risk to reward ratio trading system? After a brief internet search, the results were very few and far between.
Time to Put on Your Sherlock Holmes Hat
This week's article isn't about the Spot Forex market specifically, but trading and charts in general.
Are You Ready for the Curveballs in the Spot Forex Market?
In honor of the beginning of Major League Baseball's opening games, this week's article will cover a few of the "curveballs" that Spot Forex traders need to be aware of before they start their trading career.
