As much as I like to write about all aspects of Forex trading in my articles, my favorite kind of lesson topics are when they deal with actual events that have happened recently in the market.

In my seven years of being involved in the world of trading, I have never met a fellow market speculator who has at some point in their trading journey not gone looking for the perfect set of technical tools or indicators.

As many of you already know, trading the money markets is perhaps one of the most challenging endeavors any person can take on.

To most new and struggling traders, being at the screen and seeking perfection in our trading performance can easily become our single focus, and this can often ironically lead to frustration and despair as we enter the market with a newly formed confidence, only to quickly discover that nothing has really changed from the last year after all

I typically use the holiday to catch up on the many emails I receive from students and non-grads of Online Trading Academy worldwide, so I thought I would use this particular opportunity to answer some of those messages publicly, in an effort to share a little advice across the board:

I like to keep my trading activities as simple and objective as possible, as this helps me to cut out the noise of over-analysis and emotion and helps greatly in the final decision making process.

I have found in my experiences as a trader that while there is undoubtedly a huge selection of technical indicators built into most quality trading and charting platforms, after time experimenting with them all it becomes clear that where most are concerned, they can be divided into two separate categories: Momentum based and Oscillator based, with the former more widely used for the most basic buy and sell signals.

For the subject of this week's articles, I would like to illustrate three particular scenarios which deal with various aspects of risk management.

If one were to look back upon the last year of price activity on the worldwide Forex markets, that person would be hard pressed to deny that it has been eventful to say the least.

Getting access to real-time CME or other Futures price feeds can be costly on the whole, and if you are trading Spot Forex, it would make little sense to pay out for a Futures price feed for the sake of it

One of the biggest events in the world of Forex Trading, without question, is the regular monthly release of the US Non-Farms Payrolls figures.

Looking back over the last few weeks of price action across the major currency pairs, I feel that there has never been a time to be more disciplined and balanced in our trading activities.