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If there’s one thing that’s holy in the Forex market it’s your stop loss. And the reason why so many people lose their shirts trading Forex is that they commit blasphemy and don’t respect the sanctity of the Stop Loss. It’s not that people don’t set Stop Losses. Most of them do. But they just do [...] Every new trading week I try to do a little process which I think you may find valuable: I try to make this week a new beginning, a clean slate which will allow me to trade in a positive and optimal way during the coming week. One of the things which a lot of traders [...] There are all kinds of people who use the Forex market as a money making avenue. Yet just a fraction of them actually succeed. Why is that? The main reason is that the Forex world is divided into Forex traders and Forex gamblers and you need to decide which you’re going to be. What is the [...] After a long time in which the Euro strengthened considerably against the USD, it seems as if the tide has changed. Currently priced at 1.4795, the EUR/USD pair is a long way off from its all time high. But why is this happening? Why is the USD becoming stronger while the US economy is still faltering? I [...] |
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