This week I take a look at how, from a technical perspective, we can attempt to read the subtle signs of the market to give us an objective "heads up" of a possible change in market sentiment and direction.
Ever since I started to make consistent progress in my trading career, I have found that many of the day-to-day experiences I am faced with in life itself often have very similar parallels with the behavior and characteristics of the market, too.
As much as I love exploring as many aspects of trading the markets as I can, I also believe that sometimes we all need to just slow down a little and take some much needed time to reflect on the bigger picture.
This week, I am going to explore a particular technique to filter the trade selection process, which in my opinion, is a skill to be learned early on in any burgeoning trader's career.
When it comes down to any kind of trading, be it Technical, Fundamental or a mixture of both, the serious speculator would be lost without charts.
Following on from last week's article, now is the best time to continue with our explanation of the different tools with which we can take part in trading the currency markets.
When most of us think about the Forex markets, we typically focus our attention on the area of Spot pairs trading. However, while the Spot arena accounts for the vast majority of all currency trading in the world today, we should also be aware that this is not the only way for traders and investors to take part in this highly liquid and popular market.
For the purpose of this week's topic, I would like to talk about one of the most popular and respected technical indicators of all: Bollinger Bands.
The typical novice student usually comes to a class with a predefined perception of the markets and it is my job to show them the reality of how Forex really operates.
Sam shares his experiences on becoming a professional trader
The 7 Pillars is a unique summary of the tried and tested skill sets which any rookie speculator needs to learn from in order to get the results they are looking for. For this week's article, I would like to run through each of these 7 Pillars making them specific to the world of Forex trading, so we can all fully understand the main requirements and skill sets necessary to make it as a consistently profitable trader in today's financial arena.
The 7 Pillars is a unique summary of the tried and tested skill sets which any rookie speculator needs to learn from in order to get the results they are looking for. For this week's article, I would like to run through each of these 7 Pillars making them specific to the world of Forex trading, so we can all fully understand the main requirements and skill sets necessary to make it as a consistently profitable trader in today's financial arena.