Price action trading, regardless of what you are trading (Forex, stocks, commodities, futures) is the art of looking at individual or groups of candlesticks to determine where the currency pair has the higher probability of moving to next. We want to know if the currency pair has a better chance of going up, going down, or […] The post 5 Price Action Trading Tips Every Forex Trader Needs To Know appeared first on ..read more

There are Forex traders that find it a bit difficult to mark and identify support and resistance levels on the charts. And even if they find these levels, how they mark these support and resistance levels on their trading charts are not good at all…because of 2 things they do not do correctly. Let’s cut to […] The post 2 Mistakes With Support And Resistance In Trading appeared first on ..read more

The gravestone doji reversal candlestick appears in an uptrend which can tip a trader off that the market is becoming bearish. Due to the nature of the gravestone doji, trading this candlestick in relation to a properly formatted trading plan can give you some great shorting opportunity. The best case is the gravestone doji signifies […] The post Gravestone Doji Reversal Candlestick Trading Tip appeared first on ..read more

Learning how to trade pin bars can help a trader grab trade entries just as the balance of power is shifting between the bulls and bears. Trading pin bars is one of those Forex trading strategies that can be learned quite easily and is great for swing trading because you may have caught a turning point […] The post Simple Pin Bar Reversal Swing Trading Strategy appeared first on ..read more

I don’t toss the words “best trend trading strategy” around lightly because best is in the eye of the beholder. Many trend trading strategies have the potential to change the way you trade and have the potential to increase your Forex trading account quickly – with proper money and risk management of course. What you […] The post Best Trend Trading Strategy For Capturing Big Profits appeared first on ..read more

It’s never a bad idea to learn from millionaire traders and others that have done well in this game. While hard to believe at times, quotes from traders that have reached the highest heights of success can sometimes be a turning point in the life of a trader. Let’s take a look at some quotes […] The post Millionaire Traders Quotes appeared first on ..read more

The popularity of candlestick charts for trading with exploded when they arrived on the scene and for very good reason:  The amount of information you can get from a casual glance at the candlestick chart makes chart reading much easier. Each candlestick contains 2 parts regardless of the time period you are trading: the body which […] The post How To Read Candlestick Charts appeared first on ..read more

You’ve heard that “trading with the market trend” is a great way to take advantage of a bull market and a bear market. Having some type of trend analysis is important for traders if you want to be on the right side of the bigger trading moves. The fact is that trading counter trend should […] The post 3 Simple Steps To Predict A Change In Market Trend appeared first on ..read more

Yes, you can make a lot of money Forex trading.  Whether you swing trade currencies or day trade, the profit potential when trading with a quantifiable edge and a sized trading account, can be more than you make 9-5. I’ve had many months in the 4-5 digit ranges and I can tell you from experience, […] The post Getting Confident Because Of Winning Trades Is Stupid appeared first on ..read more

The 1 2 3 reversal is a price action trading pattern that can easily form the basis of a trading strategy. It is a simple price pattern that is simple to spot on your charts and many swing traders will find it easier compared to other more advanced swing trading strategies and systems. As with any […] The post 1 2 3 Reversal Swing Trading Strategy appeared first on ..read more