Trade Like A Professional: Practical Support And Resistance

Every trader knows about support and resistance. They are price levels where a reversal has occurred in the past and are likely to occur in the future.
Using a house terminology, support is the floor of the house and resistance is the ceiling. Unless you are Invisible Man, you can’t get through the floor of a [...]

Trade Like A Professional: How To Ride The Trend

Riding the trend is almost as difficult as finding it. Many traders see price going in one direction and their natural instinct is to look for a reversal. They then make a bad trade at a point where they thought the price had over-extended and bound to turn back. Losses mount as price continues in [...]

Trade Like A Professional: How To Avoid Blowing Up Your Account

Many retail traders came in to trading forex because of the ease of access to the market, flexible trading hours and frankly, what they see as easy money lying around.
The brokers know this too. Its the biggest get rich quick scheme on the planet; for the brokers.
They entice you with $50 micro accounts and 1:400 [...]

Trade Like A Professional: What Times Should You Trade?

Many traders rarely think about the time element in trading. Even though the forex market is a 24-hr operation, not all 24 hours are conducive to good trading performance or results.
The forex market starts in Asia, then Europe, then the Americas. These are then called the Asian, European and US sessions respectively.
My research has uncovered [...]

Trade Like A Professional: How To Find The Trend 2

Please read the article before this; Trade Like A Professional: How To Find The Trend before continuing.
In my last article, I showed you how to construct a moving average crossover with MAs 7 and 14. I also showed you how to use price action to trade the crossover once the trend is known.
However, like I [...]

Trade Like A Professional – How To Find The Trend

The biggest axiom in trading is: ‘the trend is your friend, until it ends’. The trend, however, is only your friend if you can find and harness its power.
In fact, the trend has been the mortal enemy of most traders because finding it as it happens is not easy. After the fact, its easy to [...]

Trade Like A Professional

Every day millions of novice traders get in the ring with professional traders hoping to beat them at their game, some with little or no education at all!
Would you get in the ring with a Roman gladiator with no fighting skills? I guess not.
To trade successfully, you have to get the right kind of education. [...]