There is a difference between probability and certainty. All we can do is approach each trade with full acceptance of the fact that anything can happen. A trade, that looks qualified now, may become unqualified prior to hitting your stop. If you know your system works and you live by a proven, highly traded chart-based strategy, then a trade that takes this course of action needs action, not inattention. Often, when a trade doesn’t go our way, we forget about it. Ignore it. Move it to the curb of our attention and “hope” that it eventually works out. The most difficult thing in tradin ..read more

I'm considering a pretty outrageous idea...and I want to get some feedback. Let me give you some background. I have a course based on the technical analysis of the currency market. Part of that paid course is a private group of Forex traders who have access to my trade set-ups, charts, trend scans, etc. for the Forex market. So, the crazy idea is to give away access to that special group on Slack, but, minus the course access and minus the cost. So, watch me trade. See my charts as I post them to the group. Do it all for free. Plus, other members can contribute, ask questions, etc. L ..read more

Technical analysis is just part of the solution for successful trading. We must still manage the trade based on an unbiased view of the charts. This unbiased view is much more difficult when our money is at stake. We find ourselves arguing the case for our trade rather than accepting the fact that the charts have changed and they no longer support our original thesis and our trade. The sooner we can accept the loss and trade the opposite direction, the more often we can negate our losses and continue to grow our portfolio. Developing this type of stop and reverse trade and making it a ..read more

A stop loss is a pre-determined method for protecting us from the unexpected. This page covers some of ways this can help us as traders ..read more

One of the questions that traders ask is "Should I be swing trading or day trading?" I recorded a video that goes through five questions you can ask yourself as you attempt to answer this question. You'll find the YouTube video link in today's post ..read more

Your day trading platform is the hub of your trading business, so here are some things to consider ..read more

While day trading forex can be done, and I have done it, this article discloses some of the risk ..read more