Keep It Simple and Consolidate Your Retirement Accounts
Tue, 15 May 2012 14:47:17 GMT

If you are a typical investor, you likely have three or four different retirement accounts. It is not unusual for someone who is making his or her annual contribution to open a new IRA each year with a different custodian. For example, someone may open a Fidelity IRA one year and a Merrill Lynch the next, just to invest in a mutual fund available through that particular family of funds. It is also very common for an individual to allow his or her retirement funds to remain in the employer

 

Leveling Up: Trading Bigger Positions
Fri, 20 Apr 2012 08:37:13 GMT

Let's face it - we're all in this for the big bucks. Whether we're tinkering around with our demo accounts, or playing with a few dollars in our live accounts, it has never been far from our minds that our accounts are going to make it big in the future. Unfortunately, many traders have difficulty taking the next step and trading bigger positions. Some find it hard to risk wiping out the small profits they've worked hard for in the last couple of months, while some just can't stomach risking

 

Why Should You Care About Wash Sale Rules?
Tue, 03 Apr 2012 14:04:07 GMT

In many of the presentations that I give I am often asked about the wash sale rule. Traders and investors both want to know what the definition of a wash sale is and how it affects their tax liability. Wash sale defined: In simple words the wash sale rule is an Internal Revenue Service (IRS) rule prohibiting a taxpayer from claiming a loss on the sale of an investment when the same investment was purchased within 30 days before or after the sale date. Your anticipated tax loss is disallowed

 

Talking with Seven Forex Visionaries
Tue, 27 Mar 2012 16:38:54 GMT

Visionary, noun: a person with original ideas about what the future will or could be like (Oxford Dictionary) Visionaries interest us. People who have a true and original vision of the current state of the their industry and a strong experience in it, reinforced by a sense of what could be the new possible paths of the market. And if they’re wrong after all? They can be, of course, we haven’t talked about mediums. But still, their vision is exciting, instructive and inspiring. We talked with 7

 

'Artificial Intelligence systems will sooner or later beat any human expert' - Gerd Häußler
Fri, 16 Mar 2012 14:02:12 GMT

Artificial Intelligence has been used in trading for two decades now. The machines haven’t replaced humans like in A.I.’s Spielberg movie yet, but A.I. or neural networks trading is a reality which keeps evolving. Gerd Häußler knows about it. He has been involved in this technology for more than 20 years. Besides his industrial projects, he’s worked on the prediction of financial markets using neural networks. In this exclusive interview, he explains us what are Artificial Intelligence

 

Leveling Up: Trading Bigger Positions
Fri, 16 Mar 2012 08:20:35 GMT

Let's face it - we're all in this for the big bucks. Whether we're tinkering around with our demo accounts, or playing with a few dollars in our live accounts, it has never been far from our minds that our accounts are going to make it big in the future. Unfortunately, many traders have difficulty taking the next step and trading bigger positions. Some find it hard to risk wiping out the small profits they've worked hard for in the last couple of months, while some just can't stomach risking

 

Take Charge of Your Retirement Account
Wed, 22 Feb 2012 05:28:34 GMT

In my encounters with traders across the nation, I am constantly asked to talk about retirement plans. "Michael, should I set up a retirement plan? Which plan is better?" My answer is that even traders will retire some day so you should definitely plan your retirement and the best time to start is NOW. So, how did modern retirement accounts get started? In 1974, Congress passed the Employee Retirement Income Securities Act (ERISA). Out of this landmark legislation grew IRAs, 401(k)s and other

 

3 Useful Tools in Sentiment Analysis
Fri, 17 Feb 2012 10:11:35 GMT

Did you wonder why the pound fell despite a positive PMI report? Or maybe you scratched your head when the euro pairs broke your "solid" technical levels. If you were guilty of the scenarios I just mentioned, then you might be neglecting your sentiment analysis, the third leg of the magical market analysis stool. Unlike the fundamental and technical aspects of trading, sentiment analysis takes into consideration the collective risk appetite of market participants. But before you call or tweet

 

‘FX is slowly but surely entering the mainstream of American financial markets' - Felix Shipkevich
Fri, 10 Feb 2012 11:59:27 GMT

When the global credit crisis exploded in 2007, lax financial regulations were blamed by public opinion, political parties and governments all around the Western world. What have been done and what effects will the new regulation have on the market and its actors? Felix Shipkevich , New York-based attorney with an extensive corporate and financial background, shares his views with us. Strong defender of the free and self-regulated markets, the American law consultant believes that “regulation

 

The Advantages of Trading Futures
Wed, 15 Feb 2012 16:04:16 GMT

Naturally, many people start their quest in becoming traders with stock trading, as stocks are the cornerstone of the financial markets. As the quest continues, many realize the great benefits of trading futures, or as the code defines those, 1256 contracts. For U.S. federal tax purposes, regulated futures contracts, such as the E-mini S&P 500 futures, are classified as being IRC Section 1256 contracts and are taxed differently than securities (stocks). In general, the net gain from

 

'It is still premature for China to become the first power' - Lan Yee Chan
Fri, 03 Feb 2012 11:04:36 GMT

“The development of this market far exceeds my imagination” says Lan Yee Chan, who joined the ranks of FX traders in the 1970s, shortly after the abolition of the gold standard. She thus has a long experience in Foreign exchange which, she says, is “a young profession still shaping and self-perfecting.” The VP and Chief Dealer of Union Bank thinks “retail traders with access to the Internet are gaining additional traction” these days and with the disappearance of old-fashioned means of

 

Michael Greenberg, FX Person of the Year 2011
Fri, 03 Feb 2012 10:13:37 GMT

Michael Greenberg has been named “Forex Person of the Year” by FXstreet.com for his impressive, original and respected work with Forex Magnates and for making the industry more professional, more comprehensible and  in the end... better. His work in 2011 has been particularly remarkable, converting the site as the site of reference for Forex Industry news with a 60% growth in visits from previous year and launching the successful Quarterly Report. Forex Magnates consists of several

 

'It is the inefficiency within markets which creates opportunity daily' - Mark Whistler
Fri, 20 Jan 2012 09:55:31 GMT

Perception is almost everything in trading for Mark Whistler : price, value, news, technicals,... are manmade perceptions. The key for the trade is then to “understands price relativity, and being able to align or separate his perspective with/from the unmanageable expectations of other market participants.” Mark Whistler is a full-time trader and author of several books on Swing Trading, Trading Psychology and Volatility who investigated a lot the sentiment and news technologies in the

 

What the Heck is Macroeconomics and Why Should I Care?
Fri, 20 Jan 2012 08:15:03 GMT

Macroeconomics provides us with a overall checkup of a country’s economic health. Instead of looking at the behavior of individual businesses and consumers, which is called microeconomics, the goal of macroeconomics is to look at overall economic trends such as employment levels, productivity, and inflation. A country’s economy is controlled by its money supply and each country’s monetary policy is the responsibility of its central bank. The Bank of England (BoE), the European Central Bank

 

Chocolate Flavored Heating Oil
Wed, 21 Mar 2012 16:59:14 GMT

In this article I’m going to talk about something you’ve probably never heard of before. It might give you a different viewpoint on trading the Forex. The reason I’m doing this is to open the minds of Retail Forex traders in order that they can have a greater insight into something that could be the very crux of why they’re struggling. I call it BAFTS . BAFTS is a disorder that can become ‘chronically account threatening’ if not adequately treated. BAFTS stands for Befuddled Acquired Fuzzy

 

How To Break Bad Trading Habits
Fri, 06 Jan 2012 09:00:50 GMT

by Cory Mitchell All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader will make impulsive trades even with their plan taped to the wall next to them. They may exit winning trades too quickly or let losses go longer than their plan states they should. In this

 

Should You Wait for a Santa Claus Rally this Year?
Tue, 27 Dec 2011 08:47:04 GMT

The "Santa Claus rally" is a term used by market enthusiasts to refer to the strong surge in prices, particularly in the stock markets, that takes place during the last week of December until the first few days of the following year. Thanks to intermarket correlations, this phenomenon can also be observed in the forex market. If you're thinking that this could be your chance to grab a lot of pips before 2011 comes to a close, bear in mind that the Santa Claus rally will take place only if

 

'Traders who leverage social networks are much more efficient' - Asaf Yigal
Tue, 27 Mar 2012 16:26:12 GMT

Social networks have experienced an incredible growth in the last years, Forex too. An appealing merging business we wanted to explore together with an innovative mind of this sector, Asaf Yigal, co-funder and VP of Product at Currensee. How will Forex companies evolve in this new environment? Asaf shares with us his ideas about regulation, advertising models, content websites evolution and brokers involvement in this internet revolution, but also their future in general: “in order to survive

 

Are You Under Or Overtrading?
Wed, 21 Dec 2011 12:32:02 GMT

by Cory Mitchell One thing that all traders will eventually need to consider is how much should be traded. Will they make one trade per day, 100 or more? While how much to trade may just happen naturally, every trader should stop and evaluate how much they are trading and if they are possibly under or overtrading their specific style or system. Scalping styles generally require lots of trades, while positions traders need to be more selective in the movements the trade. Each style is

 

In trading 'Who moves first often loses' - Andrei Knight
Fri, 13 Jan 2012 08:13:40 GMT

An experienced chess player and a Japanese martial arts practitioner, Andrei Knight has learned from those worlds that “who moves first often loses”, a slogan that is certainly a lesson for him as a trader. Andrei is a professional trader, coach and fund manager which makes him a fine observer of the trading world, its technologies and actors. “I think technical (and fundamental!) analysis still has its place, and always will. New technologies will not replace the need for them, they will

 

Forex Trading Success Basics
Fri, 16 Dec 2011 08:15:20 GMT

If you want to make money trading and consistently make money trading, it's important to review proven trading methods and techniques on a regular basis. There are always new interpretations or processes to be integrated into your current system but maintaining a structured approach to the market is the best way to achieve consistent returns. It is also crucial to have a precise set of rules to control your actions when positions don't react as expected. These guidelines must be simple enough

 

The International Money Market
Wed, 14 Dec 2011 16:18:55 GMT

by Brian Twomey The International Monetary Market (IMM) was introduced in December 1971 and formally implemented in May 1972, although its roots can be traced to the end of Bretton Woods through the 1971 Smithsonian Agreement and Nixon's suspension of U.S. dollar's convertibility to gold. The IMM Exchange was formed as a separate division of the Chicago Mercantile Exchange, and as of 2009, was the second largest  futures  exchange in the world. The primary purpose of the IMM is to

 

'The Internet itself will turn into one large exchange' - Richard Olsen
Fri, 09 Dec 2011 12:44:02 GMT

      “The global economic system is dysfunctional because of the  mismatch between the modern technology used in the real economy and the operational procedures of the financial system.” Richard Olsen is an economic researcher in high frequency finance. He has a long experience and strong knowledge of the forex market structure, technology and buy/sell side. “The financial system needs to be reformed, which is not as difficult as people might think”, he stressed.

 

Video Interview with Andrei Knight: What do you want the broker to offer you?
Wed, 30 Nov 2011 15:37:38 GMT

Andrei Knigh t, Chief Technical Strategies at fxKnight.com, lets us know what he wants from brokers. Andrei, in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona, affirms that spread is certainly important, but much more important is the capacity of the broker to solve fast your doubts and necessities in any moment.

 

Video Interview with Andrei Knight: How can I know I am a good trader?
Wed, 30 Nov 2011 15:54:56 GMT

Andrei Knight , Chief Technical Strategies at fxKnight.com, speaks about the trading journal as a very valuable tool: " Keeping a trading journal is the perfect way to identify your mistakes and take actions to avoid it ". Andrei also comments, in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona, the benefits to do practice positions permanently.

 

Market Themes and You
Fri, 25 Nov 2011 15:47:33 GMT

Based on the price action these past few weeks, it’s evident that we're trading in what seems to be one of the wildest market environments ever. I'm sure a handful of you have asked yourselves if it is even possible to be a successful trader with market sentiment shifting in the blink of an eye. Now, don't fret young padawan. One thing you should know is that success comes to those who embrace change. Successful businessmen, for example, create new products and services that cater to the

 

Drastic Currency Changes: What's The Cause?
Tue, 13 Dec 2011 10:36:14 GMT

by Cory Mitchell Between the years 2000 and 2010 there were some massive fluctuations in the currency markets. Some currencies saw dramatic rises, while others fell just as precipitously. This was not isolated to emerging economies, but it did affect the world’s reserve currencies and largest economies on the planet. Mammoth trends in currencies play a major role in how individual lifestyles and how companies and countries conduct business. In the last decade, Canada, Japan and the Eurozone

 

A Brief History of the Championship, the ATC 2006–2010
Wed, 16 Nov 2011 14:39:24 GMT

The history of the Automated Trading Championship is not yet long, but colorful. Being first held in 2006, the competition has already gained a reputation as the most important contest for automated traders. Today the Championship is seen by many as a matter of course, and its importance for the whole industry of forex robots is not disputed. But this was not always the case. Only five years ago, automated trading was not even half as popular as it is now. Of course, a narrow circle of

 

The Intraday Market Cycle
Tue, 13 Dec 2011 10:37:21 GMT

This article written by Øystein Nerva was originally published in the November 2011 issue of Traders' Magazine. Øystein Nerva has a master degree in finance, and for the last couple of years he has been working as an equity sales trader in Oslo, Norway. In order to gain an edge for his clients he uses statistical analysis of price movements to optimize timing and to gain insight into likely future trends. Have you ever noticed the extreme volatility at the start of the trading day and how the

 

Point & Figure Charts - Part 2
Mon, 07 Nov 2011 15:04:14 GMT

This article written by Thomas Kaschel was originally published in the November 2011 issue of Traders' Magazine. Mr Thomas Kaschel is a CIIA (Certified International Investment Analyst) and holds an MFTA (Master of Financial Technical Analysis). Until 2009, he was an asset manager at a savings bank and in this position was responsible for developing trading strategies and optimising portfolios as part of asset allocation. Since 2010, he has been an independent trader and part-time lecturer at

 

The Pros And Cons Of A Pegged Exchange Rate
Thu, 03 Nov 2011 15:33:18 GMT

by Richard Lee In June 2010, China's government decided to end a 23-month  peg  of its currency with the U.S. dollar. The announcement was praised by global economic leaders and followed months of commentary and criticism from United States politicians. But what prompted the long awaited move? (For background reading on exchange rates, see  The Origins .) The Chinese Model China's economic boom over the last decade has reshaped its own country and the world. Once a country

 

How Forex Speculators Profited From Famous Currency Meltdowns
Fri, 28 Oct 2011 12:35:11 GMT

by Cory Mitchell Every once in a while, many smaller economic and market events combine to set off a currency meltdown. These meltdowns can be financially devastating to some - but at the same time, someone else is making money. While there have been many currency meltdowns of differing magnitudes, the ruble, euro, pound and kiwi have had their day in the speculative sun. The events that led to these meltdowns and the effects on the world and currency trading that these meltdowns had are

 

Us vs. THEM - The Psychological Edge
Wed, 21 Mar 2012 17:07:01 GMT

The Physiological Edge is another way the Macro Accounts have a distinct advantage over Small Retail Traders. Apart from the fact that there is no cohesive direction of small retail capital flow, i.e. although the aggregate total of small retail capital world wide could change market direction; it can only do so if the vast majority if it is moving in one direction - but it rarely if ever does. The reason for this is that there is little-to-no communication between small retail traders. Small

 

Point & Figure Charts - Part 1
Tue, 13 Dec 2011 11:10:55 GMT

This article written by Thomas Kaschel was originally published in the October 2011 issue of Traders' Magazine. Mr Thomas Kaschel is the holder of a CIIA (Certified International Investment Ana- lyst) and an MFTA (Master of Financial Technical Analysis). Until 2009, he was an asset manager at a savings bank and in this position respon- sible for developing trading strategies and optimising portfolios as part of asset allocation. Since 2010, he has been an independent trader and part-time

 

Us vs. THEM - That Enormous Sucking Sound
Wed, 21 Mar 2012 17:08:04 GMT

Let’s discuss what the Forex Market is in its basic rawest form: The largest day-to-day pool of capital redistribution - in the world. At the end of each day it still remains a net zero sum industry. What this means is that, of all the money exchanged, there’s still the same amount of capital at the end of each day as there was at the beginning. The only difference is that some traders have more of it while other traders have less of it. Why is vitally important to understand 1 and 2 above?

 

Part Three – Exploding the Multitudes of Forex Myths
Wed, 21 Mar 2012 17:10:47 GMT

Identify the Myths My approach to trading is unconventional; you won’t find it anywhere else in the Forex. By unconventional, I mean that it was developed by me using all of the knowledge gained from my research. The methodologies I’ve discovered are superior and more consistent than various conventional technical methods that are widely used. For example, I’ve found moving averages, bollingers, ema’s, pivots and a host of others will work sometimes but are generally sporadic, inaccurate and

 

Part Two – Risk Aversion as Religion
Wed, 21 Mar 2012 17:12:41 GMT

Fundamental Market Modes You've heard analysts refer to the market as either Risk Averse or Risk Inclined. Or maybe Risk Off/Risk On. I call a Risk Averse market - a market that’s in ‘Over Riding Fundamental Mode’ and a Risk Inclined market - a market that’s in ‘Underlying Fundamental Mode’. I’ve broken down these two market modes even further: The time in which positional changes occur in the market is identified as a ‘Fundamental Window’. The moment when positional changes occur is the

 

Part One – Escaping the Abyss
Wed, 21 Mar 2012 17:16:38 GMT

Back about ten years ago when I first started into this game, I got really whacked. Like many of you I thought this was going to be easy. I thought, “it only goes two ways - long and short; what can be so difficult about that?” Within my first few months of trading I lost an entire $50,000 standard account. Really dumb. Lesson number one – respect the market because it exists to defeat anyone who doesn’t have a solid understanding in almost every aspect. Like most people, I heeded the

 

Market Demographics and Forex Turf Wars
Wed, 21 Mar 2012 17:18:55 GMT

In order to trade the Forex successfully, you need to learn how to play defense first – offense comes later. Traders need to be able to marginalize risk in order to maximize Reward – it is vital that the trader understand this and understand it well. Let’s talk about Market Demographics and who’s on the field The first guys we need to know about are Banks and Macro Accounts – these are the THE MARKET CHANGERS , The Big Money Players, and the Big Money Makers -circle these guys because they set

 

MetaTrader 4 Tutorial - Placing Orders (Second Part)
Tue, 12 Jul 2011 11:16:38 GMT

This is the second part of a two chapter tutorial explaining the different order types and how to place them in Metatrader. Metatrader is a very versatile and widely used forex trading platform. Many new forex traders and professional traders utilize this platform for all of their forex trading needs. Throughout this video you will learn all of the different order types that you are able to trade on Metatrader.

 

The CFTC Commitment of Trader Report
Wed, 09 May 2012 14:25:55 GMT

Every Friday the CFTC releases data about futures/options trading activity by market segment in various markets including currencies. Positions for each currency are classified into 3 groups: large speculators, small speculators, and commercial traders. If interpreted correctly this data can be useful in forecasting price trends in the spot forex market. The COT Report reflects a condensed version of currency traders collective market votes. Interpretation of this data is definitely an art

 

The Four Charts That Matter Most
Wed, 25 Apr 2012 09:39:07 GMT

David Linton explains which are the charts that you need to look at to get the complete picture on any instrument. There are only four: Medium term chart - Daily cloud chart Medium term chart - Daily Point and figure chart Short term chart - 60minute cloud chart Short term chart - 1minute Point and figure chart Watch how David Linton covers S&P 500, FTSE, British Pound and Gold using this technique. Even though the picture has changed, the 4 key analysis

 

Taking pitchfork analysis to the next level
Thu, 05 Apr 2012 06:59:26 GMT

by Jeff Greenblatt The basis of median channel work is rooted in Isaac Newton’s third law of motion that for every action, there is an equal and opposite reaction. A brief history of the methodology tells us that pioneers in applying these laws to the technical analysis of financial markets were Roger Babson and George Marechal. It was Marechal who copyrighted a famous Dow forecast chart that Alan H. Andrews, the founder of Andrews’ Pitchfork, described in his original course as a "chart no

 

Why we are Headed to Where We are Headed...
Thu, 16 Feb 2012 11:59:21 GMT

More on the Theory and Reasoning of the Contracting Fibonacci Spiral My old history teacher in high school once said that “It is amazing that we live in a period of time where access to historical records have been thoroughly documented so that humankind can learn from mistakes of former civilizations. Instead we as a society tend to choose the easy way out, make the same mistakes and never learn from history”. Governments throughout history have attempted to manipulate the masses so that the

 

Volatility opportunities with FX
Wed, 01 Feb 2012 15:43:49 GMT

This article is taken from the YourTradingEdge magazine (NOV/DEC 2011 issue). Tim Waterer is a senior FX Dealer working at CMC Markets based in Sydney. Tim has over 10 years’ experience in financial markets. He commenced his financial markets career with four years in stockbroking before joining CMC Markets in 2004. Tim Waterer on the growing attraction of FX trading. It is hard to believe that twenty years ago the currency market was virtually the sole domain of ‘the big end of town’,

 

Heikin-Ashi: A Better Candlestick
Mon, 09 Jan 2012 11:07:46 GMT

by Justin Kuepper Most profits (and losses) are generated when markets are trending--so predicting trends correctly can be extremely helpful. Many traders use  candlestick charts  to help them locate such trends amid often erratic market  volatility . The Heikin-Ashi technique--"average bar" in Japanese--is one of many techniques used in conjunction with candlestick charts to improve the isolation of trends and to predict future prices. Calculating the Modified Bars Normal

 

Revolutionary War Cycles
Thu, 05 Jan 2012 14:51:20 GMT

This article is taken from the YourTradingEdge magazine (NOV/DEC 2011 issue). David Burton has been studying and using financial astrology and the methods of WD Gann since 1980. David Burton explores the trading methodology of WD Gann. Most people are not aware that WD Gann followed cycles on just about anything he could get data on. Gann had hand-drawn charts hanging in his office, one of which showed four natal charts in the inner circle: 12 October 1492, 4 July 1776, 13 March 1848 and 18

 

The Pioneers Of Technical Analysis
Thu, 05 Jan 2012 13:45:46 GMT

by Andrew Beattie Whether you consider yourself a technical analyst or not, there are very few investing techniques that do not at least give a nod to the technical side of investing. Some investing styles use nothing but  technical analysis , with their practitioners often claiming that they know nothing of stock fundamentals because all they need is in the charts. This segment of investing didn't sprout from nothing. In this article, we will look at the men that pioneered the field of

 

Is Your Trading Square? Use Triangles!
Tue, 13 Dec 2011 09:52:15 GMT

This article written by Todd Krueger, was originally published in the November 2011 issue of SFO Magazine. Todd Krueger  is  a full-time trader. He is president of Traders Code LLC. He is a renowned expert on the Wyckoff trading methodology. Skilled chart readers have used patterns for valuable trading information for a long time. There are many different chart formations that can appear on a price chart including head and shoulders, double tops/bottoms, triple tops/bottoms,

 

Darvas Box Traps Elusive Returns
Mon, 12 Dec 2011 14:14:22 GMT

by Michael Carr, CMT Long before the internet provided real-time stock quotes and online brokers offered instant fills, Nicolas Darvas managed to grow a $36,000 investment into more than $2.25 million in a three-year period. While on a worldwide dance tour in the 1950s, he relied solely on Barron's, a weekly newspaper, and telegrams to his full-service  broker  to get quotes and place orders. Although Darvas developed his stock selection techniques many years ago and in a different

 

The Dead Cat Bounce: A Bear In Bull's Clothing?
Mon, 05 Dec 2011 16:07:34 GMT

by Investopedia Staff There's an old saying in investing: even a dead cat will bounce if it is dropped from high enough. The  dead cat bounce  refers to a short-term recovery in a declining trend. In this article, we explore this phenomenon by looking at an example of a dead cat bounce and contrasting it to an actual change in sentiment that turns a market's outlook from  bearish  to  bullish . What Is a Dead Cat Bounce? Let's take a look at a period of economic

 

Video Interview with Andrei Knight: How to improve your Fibonacci reading?
Wed, 30 Nov 2011 17:46:41 GMT

Andrei Knight , Chief Technical Strategies at fxKnight.com, gave us his key tips to do a better Fibonacci analysis in an exclusive interview recorded at the FXstreet.com's International Traders Conference 2009 in Barcelona. Andrei comments the four essential points in Fibonacci.

 

How To Use Gann Indicators
Mon, 28 Nov 2011 12:30:36 GMT

by James Hyerczyk Gann studies have been used by active traders for decades and, even though the futures and stock markets have changed considerably, they remain a popular method of analyzing an asset's direction. New trading areas, such as the foreign exchange market and the invention of  exchange-traded funds  (ETFs) have also made it necessary to revisit some of the construction rules and application concepts. Although the basic construction of Gann angles remains the same, this

 

Advantages of TRIX - Triple Exponential Average
Wed, 16 Nov 2011 16:30:23 GMT

by Investopedia Staff Long-time readers of Technical Analysis of Stocks and Commodities magazine may remember that is was Jack Hutson, an editor of the magazine, that first introduced TRIX to the technical community. What Is TRIX? The triple exponential average (TRIX) indicator is an  oscillator  used to identify oversold and overbought markets, and it can also be used as a  momentum  indicator. Like many oscillators, TRIX oscillates around a zero line. When it is used as

 

Hedging With Currency Swaps
Fri, 11 Nov 2011 11:49:26 GMT

by Matt Cavallaro The volume of wealth that changes hands in the currency market dwarfs that of all other financial markets. Specialist brokers, banks, central banks, corporations, portfolio managers, hedge funds and retail investors trade staggering volumes of currencies throughout the world on a continuous basis. Because of the sheer size of transactions in the currency market, participants are exposed to currency risk. This is the financial risk that arises from potential changes in

 

How To Use Volume To Improve Your Trading
Tue, 13 Dec 2011 10:38:18 GMT

by Cory Mitchell Volume  is a measure of how much of a given financial asset has been traded in a given period of time. It is a very powerful tool, but it's often overlooked because it is such a simple indicator. Volume information can be found just about anywhere, but few traders or investors know how to use it to increase their profits and minimize risk. For every buyer there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to

 

What Are The Odds Of Scoring A Winning Trade?
Fri, 04 Nov 2011 09:40:52 GMT

by Cory Mitchell When many of us think of probabilities, the first thing that comes to mind is a coin toss - having a 50% chance at being right on a given toss. Can something as simple as a coin toss be applied to the market effectively? It can at least provide us with some tools for approaching the markets, and it can be applied in many more ways than one might expect. A trader's current views of probability could be completely wrong, and could very well be why they are not making money in

 

The Stages Of A Forex Trend
Mon, 31 Oct 2011 10:24:14 GMT

by Selwyn Gishen A trend is simply a tendency for prices to move in a particular direction over a period of time. Trends can be long term, short term, upward, downward, and even sideways . When investing in the forex market, your success is tied to your ability to identify trends and position yourself for profitable entry and exit points. Let's look at some stages of a forex trend and how they affect investors. Economic Trends Reflected in Currencies For the most part, an economy that is

 

Using Elliott Wave To Trade Forex Markets
Wed, 26 Oct 2011 13:48:26 GMT

by Jay Kaeppel In terms of the total value of all transactions, the forex market has become the largest market in the world. As the economies of countries across the globe become more and more intertwined, the relationship between the currencies of various countries grows in importance. It is this development that continues to drive interest in the forex markets. This article will examine a method to trade forex markets using the  Elliott Wave Theory . The Elliott Wave Theory The Elliott

 

4 Types Of Indicators FX Traders Must Know
Mon, 24 Oct 2011 14:20:11 GMT

by Jay Kaeppel Many forex traders spend their time looking for that perfect moment to enter the markets or a telltale sign that screams "buy" or "sell". And while the search can be fascinating, the result is always the same. The truth is, there is no one way to trade the forex markets. As a result, successful traders must learn that there are a variety of indicators that can help to determine the best time to buy or sell a forex cross rate. Here are four different market indicators that most

 

Discovering Keltner Channels and the Chaikin Oscillator
Mon, 17 Oct 2011 15:24:31 GMT

by Investopedia Staff After students of technical analysis master some of the foundational indicators, they might want to tackle some of the lesser-known and discussed technical indicators. Here we take a look at Keltner Channels and the  Chaikin Oscillator  which are not without a devout following. Keltner Channels Chester W. Keltner introduced and developed the Keltner Channels in his book "How To Make Money in Commodities" (1960). Like Bollinger Bands, Keltner Channels are simply

 

How To Build A Trading Indicator
Tue, 11 Oct 2011 14:56:42 GMT

by Justin Kuepper Elliott and Gann have become household names amongst the trading community worldwide. These pioneers of  technical analysis  developed some of the most widely used techniques. But how did Elliott and Gann come up with these techniques, and how did they become so successful? Truth be told, it's not as difficult as it sounds! This article takes you through the process of building your own custom indicator, which you can use to gain an edge over the

 

The Tool Winners Use: Force Index Indicator
Tue, 06 Sep 2011 09:12:34 GMT

This article written by  Scott McCormick  was originally published in the September 2011 issue of Traders' Magazine. Scott is a Chartered Market Technician, and holds the Series 7 and 66 licenses. He began his career in the year 2000 with Charles Schwab as a Registered Representative. In addition to those markets, Scott began trading foreign currencies in 2004. As an instructor for Online Trading Academy, Scott teaches his students the use of technical analysis to identify high pro-

 

Mayan Cycles
Tue, 26 Jul 2011 09:42:49 GMT

This article written by David Burton was originally published in the MAY/JUN 2011 issue of Your Trading Edge magazine. David Burton  has been studying and using financial astrology and the methods of WD Gann since 1980. Most have heard or read that the Mayan cycle ends on 21 December 2012, and at that time the world will end. Anyone who knows anything about cycles knows that the world will not end in such a way, especially since Mayan cycles have existed for more than 5000

 

Technical Strategy: Hidden Divergence in the Forex Market
Wed, 25 May 2011 14:19:34 GMT

This article written by James Chen was originally published in the June 2010 issue of SFO Magazine. James Chen , CTA, CMT, is chief technical strategist at FX Solutions, a leading forex broker. He is also a registered Commodity Trading Advisor and Chartered Market Technician. Chen is the author of Essentials of Foreign Exchange Trading and Essentials of Technical Analysis for Financial Markets. Price-oscillator divergences represent some of the most prevalent, high-probability trading

 

Fault Lines in ETF Landscape
Wed, 11 May 2011 12:49:30 GMT

This article is taken from the YourTradingEdge magazine (MAR/APR 2011 issue). Daryl Guppy is founder of Guppytraders.com, an international financial market education organisation. Guppy is a regular CNBCAsia Squawk Box technical analyst commentator and columnist known as ‘the chart man’. He is the author of ‘Trend Trading’ and eight other trading books. Daryl Guppy explores Exchange Traded Funds: investment profile, risk parameters and trading opportunities. Exchange Traded Funds (ETFs) have

 

Stop Missing Trades!
Wed, 04 May 2011 12:40:17 GMT

This article written by Michael Conlon was originally published in the May 2011 issue of Traders' Magazine. Michael Conlon brings to FXEDU over twelve years of trading experience. He started his financial career at Merrill Lynch, and then moved to Donaldson, Lufkin, Jenrette (DLJ), before running a trading desk at an internet trading firm that is now part of TD Ameritrade. Since that time, he has been an independent trader for over ten years. How many times have you flipped to a chart only to

 

Are price updates a good proxy for actual traded volume in FX?
Fri, 22 Apr 2011 08:33:09 GMT

This article, written by Caspar Marney, is taken from the FX Trader Magazine (APR/JUN 2011 issue). Introduction The objective of this article is to analyse the relationship between actual traded volume in the FX markets and its relationship to price updates, or ‘tick’ volume, over both time and across currency pairs, to determine whether there is a high correlation between the two. We do not believe that the research has been published before. Given the conclusive results, we hope it proves an

 

Technical strategy Playing the ReTest
Fri, 04 Mar 2011 11:23:10 GMT

This article written by S. Wade Hansen was originally published in the February 2011 issue of SFO Magazine. S. Wade Hansen is a founder and managing partner at Learning Markets. Frustration is watching an asset you trade break above a major resistance level or below a major support level and not being in the trade. You do not want to chase the trade, but you do not want to miss it either. What to do? Wait for the retest. This is a technical pattern that forms as the price of a

 

FX Chart Analysis - Take 2
Fri, 28 Jan 2011 13:20:22 GMT

This article written by James Chen was originally published in the January 2011 issue of SFO Magazine. James Chen is chief technical strategist at FX Solutions. One primary characteristic of trading forex differentiates it markedly from trading in all other major financial markets. This is the pairing requirement. Only the spot forex market, in contrast with equities, commodities, bonds and other markets, requires each trade to consist of two entities rather than one. The fact that currencies

 

Support & Resistance
Wed, 05 Jan 2011 15:08:56 GMT

This article is taken from the YourTradingEdge magazine (NOV/DEC 2010 issue). The author, Brad Gilbert , is the Managing Director of Traders4Traders, a live forex training organization. He has been a professional forex trader since 1990 and has worked in Sydney, London and New York for various commercial banks. Brad Gilbert looks at effective indicators for FX trading. Having been an FX trader for 20 years (18 of which were spent trading on commercial bank FX trading desks), I’m often surprised

 

Difference between simpe/explonential moving averages - Letter to Toni
Wed, 06 Oct 2010 15:30:01 GMT

This article is taken from the YourTradingEdge magazine (JUL/AUG 2010 issue) The authors Toni Hansen , she is a full-time trader, as well as a popular lecturer and market columnist, who has been sharing her knowledge with others over the past decade. To learn more about Toni‘s methods, go to tradingfrommainstreet.com. All questions for Toni can be emailed to LettersToToni (at) gmail.com Many traders combine exponential and simple moving averages by focussing on simple moving averages for the

 

Finding an edge with Technical Confluence
Wed, 29 Sep 2010 12:36:42 GMT

Most if not at all traders, be they day, swing or buy and holders have come across technical analysis. You know what I’m talking about! Those squiggly lines all the gurus seem to have on their charts! They consist of patterns like the famous ‘Head and Shoulders’, age old equations seen across nature like ‘Fibonacci’, even historic wave movements measured by ‘Elliott Wave’. As great as the names may sound, most if not all these methods and the many others boil down to one key technical

 

Head and Shoulders
Thu, 09 Sep 2010 09:08:50 GMT

The Head and Shoulders pattern is regarded as the most reliable and well known trend reversal pattern. It consists of three well defined consecutive rallies, (two shoulders and one head) that occur at the end of an uptrend. All 3 rallies stop at the support line which is called the Neckline and connects the last 2 lows of the pattern. The two shoulders are usually of the same or similar length while the third peak (the head) is higher than the other two peaks. The confirmed completion of the

 

Median Lines
Thu, 05 Aug 2010 08:28:31 GMT

This article is taken from the YourTradingEdge magazine (JUL/AUG 2010 issue) The authors is Timothy Morge , who has been a professional trader, author, educator and mentor for more than 39 years. Timothy Morge on how to draw and use median lines, a leading indicator. Median lines, or pitchforks, are one of the few true leading indicators in technical analysis today. They are an offshoot of action and reaction lines, which were developed by Dr Alan Andrews in the mid-1920s. It is said that Dr

 

The Kondratieff Wave
Wed, 04 Aug 2010 15:00:34 GMT

The Kondratieff Wave is an economic theory that states that Western capitalist economies are susceptible to extreme performance volatility as they expand and contract over the years. Unlike what is referred to as the business cycle, the Kondratieff Wave holds that these fluctuations are in fact part of a much longer cycle periods known as “super cycles” that last between 50-60 years or longer depending upon factors such as technology, life expectancy, etc. and thus must be examined over their

 

The Gap theory applied on unsustainable movements in EUR/USD
Tue, 13 Jul 2010 10:54:03 GMT

In late 1980s John J. Murphy published his book titled “Technical Analysis of the Futures Markets”, a comprehensive and detailed guide to the concepts of Technical Analysis and their applications to the futures market. Till this day the author’s book is characterized as the “Bible” of Technical Analysis. Almost thirty years later the same concepts are applied to almost any pattern that can be plotted on graph in some way or form, from the commonly used currency fluctuations all the way to

 

Which Works Best - GPS or Road Map? Trading with Elliott Wave Analysis
Wed, 24 Mar 2010 16:39:29 GMT

Some of the best stories about global positioning systems (GPS's) are the weird detours they sometimes recommend to drivers. Just like some of the weird detours that financial markets can make you take when you think they would be better off going in a straight line either up or down, depending on how you've positioned your trades. Not long ago, while taking a trip with my family through Great Smoky Mountains National Park on the way to Gatlinburg, Tenn., I decided to use my GPS to drive

 

Currency Corner: Trading in the pits
Thu, 14 Jan 2010 16:18:27 GMT

This article is taken from the YourTradingEdge magazine (SEP/OCT 2009 issue) The author, Wayne McDonell is the Chief Currency Coach of FX Bootcamp. He is a member of the US National Futures Association and registered as a Commodities Trading Advisor. His latest book ‘ The FX Bootcamp Guide to Strategic and Tactical Forex Trading ’ is available from Wiley Publishing. Wayne McDonell provides analysis of the currency market: how professionals use weekly pivot points. "A few weeks ago, I was lucky

 

Introduction and Oscillator Divergence/Momentum Confirmation
Wed, 23 Dec 2009 15:18:44 GMT

Technical analysis can be defined as the study of past price behavior in an effort to determine patterns and trends that are believed to be predictable of the future. At the core of this school of thought is the assumption that human behavior is repetitive in nature. We all recognize that, although human behavior patterns may have recurrent tendencies, they do not normally express themselves in the same exact, mechanical manner each time. Even with this qualification in mind, technical

 

Pedal to the Metal
Fri, 18 May 2012 13:47:15 GMT

Last week I posted a Twitpic of New York city bus poster that had two pictures of the same face. On one side the face was completely battered on the other it was perfectly preserved. The tag line read, “Hit at 40 mph, Hit at 30 mph” emphasizing the point of adhering to the speed limit in New York city. The ad was stark and very effective communicating succinctly the danger of pressing your luck. At its core the New York city bus ad was all about tipping points. Press on the gas pedal just a bit

 

The ITC 2009, the Spirit of a Minority
Fri, 18 May 2012 12:37:19 GMT

This article is part of the "International Trader Conference Update Call" series published by the FXstreet.com staff to review the strategies and experiences explained and lived during the last 5 years of ITC s. Gonçalo Moreira, FXstreet.com's Expert Adviser, tries to explains in this interesting article the main points exposed during the ITC 2009 edition. The ITC 2009, the Spirit of a Minority If any one of the participants thought they knew everything about chart construction, our guest

 

Forex Ranking: 5 years later - Ron Schelling
Fri, 18 May 2012 12:48:54 GMT

The last 5 years a group of Forex experts have been invited to Barcelona to share their knowledge with the entire Forex crown at the International Traders Conference . They answered the call and joined the FXstreet.com's headquarters city for three days with their own strategies. Today, 4 editions later, they survive in the worldwide crisis ocean with their updated strategies. If you would like to know how these tactics are currently working, how they have been developed and then make your own

 

Making Your Strategy Automatable and Singapore
Wed, 16 May 2012 13:05:47 GMT

In this episode, Rob Booker interviews “Mr. Automatable,” James Chen, who educates traders and is the director of technical analysis at FXDD in New York City — one of the premier MetaTrader shops. Rob talks to James about how he got started in trading and how he got his current position; they discuss the other markets that James watches — in addition to forex. Rob asks James about his move from discretionary trading to non-discretionary trading, and how he gravitated toward an automated set of

 

A Key Odds Enhancer, Often Overlooked
Tue, 15 May 2012 15:34:52 GMT

All market speculators share the same goal, which is to enjoy consistent low risk profits. To accomplish this goal, you must be able to identify market turning points as this is the only way to attain low risk and high reward entries into market (trading) positions. Whether you are a short-term day trader or a longer term investor, nothing changes. Identifying key market turning points is the only way to attain the ideal risk/reward opportunity. Leading Extended Learning Track (XLT) sessions

 

Why Are You Concerned About Your Win/Loss Ratio?
Tue, 15 May 2012 13:49:50 GMT

Hello traders! This week I’d like to talk about a topic that comes up in every Online Trading Academy class that I teach – that is the topic of your win/loss ratio. Most new traders (and many experienced ones!) believe that a very high win/loss ratio is necessary to be a profitable trader. This is very far from the truth. First let’s define what a win/loss ratio is. Investopedia defines the win/loss ratio as: ”A ratio of the total number of winning trades to the number of losing trades.” It

 

Enduring Draw-Down and the Infinite Time Horizon on Success
Mon, 14 May 2012 13:03:31 GMT

An expert in automated back-testing, Chris Davison joins us from the UK to give more advice on how to lose money and to discuss the two elements of draw-down: namely, how your system copes with draw-down and how you personally deal with draw-down. Rob and Chris clarify the difference between risking 1% per trade versus risking 2% per trade, and they give advice on how to get to the point where you don’t worry when you’ve hit a losing streak. Rob brings us another “Dumb Things That Rob Does”

 

Cliff Hanger
Fri, 11 May 2012 15:11:21 GMT

This article, written by Ross Jaklik , is taken from SFO (MAY 2012 issue) Open the chart, examine market data and the environment around you, and then ask yourself “What’s hanging?” Whether you are looking for a way to trade momentum short term or micromanage a longer- term position, the cliff hanger technique can be helpful. I primarily use this pattern off 15-minute charts to determine intraday shifts in momentum — both up and down. I love this pattern, but it could be used horribly wrong if

 

One Simple Rule to Control Your Daytrading Losses
Fri, 11 May 2012 14:14:11 GMT

I often drop in on the Elite Trader bulletin boards to see what traders are talking about and this week a thread titled “Why folks lose money daytrading ES” really caught my attention. The poster “gmst” discusses the finer points of trading the e-mini S&P contract, but his insights are just applicable to the FX Market. I liked his post so much, that I am going to replicate it in this week’s column with one personal observation - ever since I limited my daytrading to no more than 2 trades

 

Money Never Sleeps
Wed, 09 May 2012 14:43:42 GMT

In this fourth part of four episodes on movies about trading, Rob Booker and Jason Pyles focus their discussion around the trading movie of all trading movies, Oliver Stone’s 1987 classic, “Wall Street.” With this backdrop, Rob and Jason talk about the temptations and pitfalls of insider trading, the meaning behind “greed is good,” how you know if you’ve got what it takes to be a trader, what sacrifices being the best at trading for a living will require, the price of making a million dollars

 

Trading Forex at the New York Open
Tue, 08 May 2012 14:00:34 GMT

Now, more than ever in my career as a speculator of the financial markets and an instructor of multiple assets for Online Trading Academy, do I feel that there is one saying which sums up the nature of trading better than any other: “Trading is Simple – but it is not Easy.” Time and time again I have drilled this into my students on an ongoing basis, be it through the medium of the classroom or via the ongoing XLT (Extended Learning Track) online internship we offer our students. During these

 

Learn To Read Industry Code and Better Your Odds
Tue, 08 May 2012 13:47:49 GMT

Have you ever felt the need to be on guard when buying a car, major appliance, new home, or anything that involves a sales person? Or, have you ever had a career in sales which means spending weeks if not months in advanced training sessions where the entire goal of the training is how to convince someone that they should pay $1000 for something that is really worth $200? When you’re the seller, it’s almost like you’re trained to speak in deceptive code. And once you master this new language,

 

What is really happening versus what we hope is happening
Mon, 07 May 2012 14:06:14 GMT

In this third part of four episodes on movies about trading, Rob Booker and Jason Pyles base their discussion on the 2011 film “Margin Call.” This topic brings about several unsettling subjects, such as the disparity between what is really happening on Wall Street versus what we hope is happening. Rob and Jason also talk about the various ethical dilemmas posed in “Margin Call”; the theme of living more simply; the business world’s value of employees in relation to their loyalty versus their

 

The Secret To Beating The Market
Fri, 04 May 2012 11:11:44 GMT

Here is amazing fact. Peter Lynch the legendary head of the Magellan fund made 35% per year running money during his tenure, yet most of the retail clients of Fidelity lost money despite his amazing record. Why? Because most human beings are inveterate performance chasers. They buy when money managers are hot and sell when they are cold effectively destroying any chance of building wealth in the long run. Ironically enough most traders do the opposite. They double up on buys that have cratered

 

The Fastest Way to Get Your Money Back After a Huge Loss
Wed, 02 May 2012 13:18:47 GMT

In this second part of four episodes on movies about trading, Rob Booker invites film critic and producer of The Traders Podcast, Jason Pyles, back to talk about the 1983 comedy, “Trading Places,” starring Eddie Murphy and Dan Aykroyd. Rob and Jason also discuss how you know when the psychology of the market is going to turn around (or, aka “the G.I. Joe with the kung-fu grip”); whether knowing how to survive on the streets is similar to knowing how to survive in the market; how success in

 

What Are You Waiting For?
Tue, 01 May 2012 14:06:43 GMT

Hello traders! As we often like to say in our Online Trading Academy Classes or even in these Lessons from the Pros newsletters, trading is very simple but not easy. You can make it as complicated as you want it to be – adding multiple levels of indicators and oscillators, Fibonacci levels and moving averages, Elliott Wave counts, or whatever makes you happy. Adding too many of these extras doesn’t always simplify trading nor make trading increasingly profitable. What makes these things

 

Trading With the Trend
Tue, 01 May 2012 13:52:54 GMT

Once in a while, I will get an email from someone saying, “I like your supply and demand strategy but what strategy should I use in trending markets?” This person thinks the strategy is only for markets going sideways where they use supply and demand to pick tops and bottoms. What this person doesn’t realize is that we use supply and demand as the core strategy for any market, time frame, and market condition. We always want to buy at price levels where demand exceeds supply (where banks and

 

The Smartest Guys on the Podcast – The Only Guys on the Podcast
Mon, 30 Apr 2012 13:08:08 GMT

The next four episodes are dedicated to those who are under the weather or have some extra time on their hands. Rob Booker teams up with the mysterious producer of The Traders Podcast, Jason Pyles, to review four movies for traders while discussing how they reflect upon the world of trading, how accurate they are, and why they’re important for every trader to watch. For Episode 41, Rob and Jason delve into a documentary called “Enron: The Smartest Guys in the Room” (2005). And not to worry —

 

Stupid Is as Stupid Does
Fri, 27 Apr 2012 10:49:00 GMT

This week an article in the Wall Street Journal went viral in the FX world as it hit a raw nerve with traders everywhere. “The market isn’t wrong, it is just stupid!,” it announced, noting that,”More and more, those who are paid to play–seasoned veteran institutional foreign-exchange traders–are becoming disenchanted with a market that appears to them to be broken. The new age of currency wars with many governments attempting to keep their domestic currencies weak in an attempt to export their

 

Where and Why We Trade for a Living
Wed, 25 Apr 2012 13:46:17 GMT

Rob Booker is joined again by his guest co-host, “The Coach” Scott Welsh, podcasting from Columbus, Ohio. Scott and Rob begin this episode by talking about the importance of knowing what you want when striving to achieve a goal. Next your trader hosts discuss whether the location you’re trading from affects your trading, and whether you can trade from anywhere in the world (and by the way, where are the greatest places in the world to trade from?). Rob and Scott also consider Las Vegas: Is Sin

 

Dodging the Emotional Pitfalls of Forex
Tue, 24 Apr 2012 14:09:26 GMT

As many of my regular readers of these articles may already know, I am a big believer in recognizing the mental challenges which trading brings to us all in the ongoing quest to attain and then maintain consistency. Without a shadow of doubt, we all need to understand that if our head game is off track then our results will completely reflect this simple fact. Two weeks ago in my last article , I spoke of how human beings are hard-wired to seek just a couple of simple experiences in life.

 

Profit Margin
Tue, 24 Apr 2012 13:52:36 GMT

So often in the trading world, I hear people talk about where price is likely to turn next, where is the next key supply or demand level, where is the next big market move going to originate from, and so on. The question I hardly ever hear anyone asking is, “where is the next big profit margin (zone)?” This is one of if not the most important things to consider when speculating in markets. The profit margin is the distance in price between the entry point and the profit target price. Another

 

Moving to Break Even
Mon, 23 Apr 2012 13:16:43 GMT

“The Coach” Scott Welsh returns to The Traders Podcast to engage in a little banter with Rob Booker about trading on Macs versus PCs. Then Rob introduces a new segment called “Jennifer Asks a Question,” in which they discuss traders who seem to perpetually move to break even. Adding Jennifer Thornburg to the conversation, the three traders also discuss dealing with the naturally occurring frustrations associated with trading, whether it’s more advisable to play it safe or to play aggressively,

 

The Difference Between Winning and Losing in FX
Fri, 20 Apr 2012 13:45:11 GMT

Want to make sure you wake up on time? Put your alarm clock away from your bed forcing you to get up in order to turn it off. It a simply trick but it works like a charm. Take it fro guy who has had to get up at 2AM New York time for every working day of the past 8 years. Here is another behavior modification trick to consider. My teenage son, who like all boys has difficulty sitting in one place for more than a minute has been having problems with schoolwork. So I cut his allowance. He in turn

 

Finding the Dominant Psychology of the Market
Wed, 18 Apr 2012 13:49:46 GMT

In Episode 38, Rob Booker talks with co-hosts Raghee Horner and Jennifer Thornburg about how to get a big-picture view of the Dominant Psychology of the Market. Rob asks these ladies what it means to do a five-minute analysis of a financial instrument, and how it plays a part in their decision-making process about trading. Rob also asks if, in the world of stocks, since a financial instrument can move down faster than it goes up, do currencies move down faster than they move up. And The

 

How to Avoid Whipsaws using the Ichimoku Indicator
Wed, 18 Apr 2012 13:34:02 GMT

The Ichimoku Kinko Hyo system can be used on all asset class, with liquidity as the only requirement. We all know Ichimoku was designed to be a trend following indicator, meaning you get rewarded on monster trends because it keeps you in them, but suffer whipsaws because there can be little differences between a start of a trend and a start of a whipsaw. Take the ideal bullish setup for example, where these are the criteria:     Tenkan Sen (TS) crosses above Kijun Sen (KS)

 

A Trend Strength Hint from the Market
Tue, 17 Apr 2012 14:07:10 GMT

Hello traders! I’m sure all of you by now have heard the old trading phrase, “The trend is your friend,” or even the long version, “The trend is your friend until the bend at the end.” The implication of this timeless phrase is that we should be going long in uptrends and short in downtrends – making our trading job easier. Easier how? Generally speaking, when you trade with the trend of your chosen style/time frame, you will make money more often (have a higher win-loss ratio), your winning

 

How to Know Where Banks are Buying and Selling in the Forex Market
Tue, 17 Apr 2012 13:54:52 GMT

Singapore is one of the Forex trading hot spots on the planet. I live in Chicago in the USA but also spend time in Singapore. When I am with Singapore traders, I notice some of them are trying to make so many different strategies work in the Forex market yet none are achieving the success they are in search of. They don’t realize the key factor in trading is proper market timing: the ability to identify market turning points in advance, before they happen. It is also the ability to identify

 

Little Willie and the Price of Gas
Mon, 16 Apr 2012 13:36:58 GMT

Rob Booker is joined by co-hosts Raghee Horner and Jennifer Thornburg. This show begins with a discussion of the price of gasoline and how it rises quickly but doesn’t seem to fall quickly. Also, Rob introduces a new segment of cautionary tales called “Dumb Stuff That Rob Does.” Raghee gives some highlights that she taught her attendees at a recent Webinar. And Raghee and Jennifer talk about which trading sessions they enjoy the most, as well as the importance of determining the time of day

 

Capturing forex trends in seven steps
Fri, 13 Apr 2012 10:17:01 GMT

by Billy Williams The forex market makes up one of the most liquid and profitable trading arenas in the world. Trillions of dollars worth of currencies are traded almost daily, and traders can take advantage of huge leverage (as much as 100-1), subject to new regulations. Not only can traders wield massive buying power, but there’s also a low cost of entry. Most forex brokerages allow clients to open an account with as little as $1,000. In addition, forex is a true 24-hour market where

 

Ultimate Economic Fighting Championship
Wed, 11 Apr 2012 12:57:56 GMT

In this second part of two great episodes, your host, Rob Booker, places his co-host, Raghee Horner, in a rapid-fire inquisition that he calls “The Octagon” with Kathy Lien, a director of currency research at GFT and the author of “Day Trading & Swing Trading the Currency Market.” Rob also asks Kathy about the beginning of her career, starting with her early graduation from college to her very first job with J.P. Morgan. Kathy talks about the nature of her work on the FX desk, how she

 

The Pleasure and Pain Game
Tue, 10 Apr 2012 14:13:10 GMT

I have been involved in trading the financial markets for quite some time now and it has continued to amaze me just how much I have learned about myself, my beliefs and the way things work, since first deciding that I wanted to be a trader. Like many new recruits to the market, I had my very own perception of the way things worked in the world of trading and thought that I knew what I should be looking at to be successful. I read pretty much any fundamental analysis I could get my hands on

 

The London Session
Tue, 10 Apr 2012 14:03:11 GMT

Each morning, hours before the New York open, I produce the Mastermind Community (MC) Supply and Demand levels (market turning points). These levels help MC members determine where banks and institutions are buying and selling. This way, MC members can buy and sell where banks and institutions do. Most of my analysis when producing these levels takes place during the later stages of the London session. Often, while I am planning out levels for our students to take once the New York open

 

Kathy Lien and Double Bollinger Bands
Tue, 10 Apr 2012 09:25:40 GMT

In this first part of two technical episodes, Rob Booker and co-host, Raghee Horner, speak with Kathy Lien, a director of currency research at GFT and the author of “The Little Book of Currency Trading.” Kathy Lien is also famous for her use of the Double Bollinger Bands. Rob asks Kathy where her inspiration for using Double Bollinger Bands came from, how often these produce trades, what people are talking about when they speak of “yields” on television, and whether the long-term perspective

 

BONUS: An Amazing Revelation About the Euro-Swiss Franc
Fri, 06 Apr 2012 11:50:12 GMT

In this 34-minute, blockbuster bonus episode, Rob Booker has another telephone interview with David Rodriguez, a quantitative strategist who publishes his analysis at Daily FX.com. They talk about the crowd and sentiment, trading against the crowd, trading with the crowd, and an exceptional occurrence with the Euro-Swiss Franc. Rob also asks David some questions about being on the inside, from the broker’s perspective, as well as asking David to describe how he spends his time during the day

 

Demo Trading vs Trading Under Pressure
Wed, 04 Apr 2012 14:45:24 GMT

Here is the fourth installment with our crackerjack panel of Scott Welsh, Rob Wilson, Jennifer Thornburg and Rob Booker. Episode 34 features story time with Scott Welsh — professional trader and pro tennis coach — telling us about Matt, a 17-year-old tennis prospect with tremendous potential. Our team uses this story to discuss what constitutes a good prospect in trading, the disconnect between doing well in practice and how we perform when it actually counts, and whether demo trading is a

 

Profitable Combination of Multiple Averages
Tue, 03 Apr 2012 15:39:05 GMT

This article written by Keyur Panchal was originally published in the March 2012 issue of Traders' Magazine. Keyur Panchal has an MBA in finance, a Masters in cost accountancy & finance and is pursuing his CFA. He has been working as a Finance Research Analyst in Ahmedabad, India. He is also handling his clients’ portfolios using technical and derivative analysis of market movements to profit in any kind of situation. Moving Averages (MAs) perform as support and resistance in price charts

 

What is the Forex Market?
Tue, 03 Apr 2012 14:13:25 GMT

Hello traders! This week I’d like to explore the background of the spot foreign currency exchange market and explain why it is my favorite market to trade. I’ll explain what foreign currency exchange actually is and some of the positives and negatives of this market. First of all, what is foreign currency exchange, also known as Forex or FX? If you’ve ever traveled to a foreign country you have probably had to trade your home currency for the currency of the country you are visiting. A week

 

Long Term Levels
Tue, 03 Apr 2012 13:56:15 GMT

When using supply and demand to identify turning points in a market, a question that comes up often is, “How far back should I look for a supply and demand level?” The proper answer is this: Look back as far as you need to in order to find “fresh” demand and supply. The key word is fresh as those represent the highest probability turning points. The definition of fresh is beyond the scope of this piece but that’s ok. Since the Mastermind Community began, our Supply and Demand service has

 

How Traders Become Their Own Worst Enemy
Mon, 02 Apr 2012 13:14:51 GMT

A must-listen third part of a four-part show, Episode 33 features Rob Booker talking with tennis guru Scott Welsh, the inimitable Jennifer Thornburg and Commander Rob Wilson. This discussion begins with Rob describing how a trading intern of his wanted to conquer his problem of self-discipline because he had become his own worst enemy. Scott talks figuratively about how everybody wants to go to heaven, but nobody wants to die. Rob Booker describes an epiphany he received while running in Torty

 

Những kiến thức cơ bản trong kinh doanh mua bán ngoại tệ FOREX (phần 9)
Saturday, March 15, 2008

 

Những kiến thức cơ bản trong kinh doanh mua bán ngoại tệ FOREX (phần 8)
Saturday, March 15, 2008

 

Những kiến thức cơ bản trong kinh doanh mua bán ngoại tệ FOREX (phần 7)
Saturday, March 15, 2008

 

Những kiến thức cơ bản trong kinh doanh mua, bán ngoại tệ FOREX (phần 6)
Monday, March 10, 2008

 

Những kiến thức cơ bản trong kinh doanh mua, bán ngoại tệ FOREX (phần 5)
Sunday, March 09, 2008

 

Những kiến thức cơ bản trong kinh doanh mua, bán ngoại tệ FOREX (phần 4)
Sunday, March 09, 2008

 

Những kiến thức cơ bản trong kinh doanh mua, bán ngoại tệ FOREX (phần 3)
Sunday, March 09, 2008

 

Những kiến thức cơ bản trong kinh doanh mua, bán ngoại tệ FOREX (phần 2)
Friday, March 07, 2008

 

Những kiến thức cơ bản trong kinh doanh mua, bán ngoại tệ FOREX (phần 1)
Friday, March 07, 2008