This video provides a really simple explanation of the Elliott Wave theory.
Let me know if this was helpful to you.
Find out how to use the MACD to help you identify trade entry and exit point for your trades.
The stochastic is a momentum indicator, that tells you how the price is moving. Find out how to use it to help your trading.
The average True Range is also an indicator of how volatile price is. Learn how setting it to different period values can help you with your trading. It is usually used to help you to determine where to place your stop loss.
The most important volatility indicator is the Bollinger Band.
Find out how this works, and how it can hep you to increase the profitability of your trades.
Learn about these three very important trading indicators, the ADX, SAR and RSI. These indicators are all you really need to help you decide when price direction is changing. This helps you to decide when to enter or exit trades.
Find out what moving averages are, and how to use them to help you identify trends on trading charts.
From this video you will learn what the major chart patterns are, and how to identify them and trade them.
Find out what time frames are, and how they can help you to be successful in your trading. Learn how to use time frames effectively in this video.
Do you know that many successful Forex traders use support and resistance trading only. This is why it is important for you to learn how to identify support and resistance levels on your trading charts.
Find out why candlestick trading is something you need to know about to succeed in your trading. Learn how to interpret candle sticks and candlestick patterns in this video.
Find out what technical analysis is, and why it is important to understand it. This can help you towards success in your Forex trading.
Understand margin and leverage, and why if you trade with good risk management you never have to worry about draw downs associated with these.
Forex risk management is essential for success when trading Forex. See your trading account as your business investment, and protect that investment when you are trading. Find out how to do this in the video above.
Trading psychology will determine your success or failure at trading. Have rules and stick to them, and remove your emotions from your trading. Most importantly do not trade with money you cannot afford to lose.
Have you ever thought of building your own trading system based on the way you like to trade. Let this video show you how to set up your own trading system.
It is always good to relearn the basics of Forex trading, no matter how experienced you are. You may notice the reason for a mistake that you have been making. Revisit these basics in this short video and let me know what yoy think.
Find out how to use support and resistance to greatly enhance your trading results.
The question was in regards to whether or not trends will continue or fail when a flag is seen going against them. A lot of traders get hung up on this concept and trapped in what usually turns into a very ugly situation. Here is the chart (copied from last week’s post) in question:
Essentially we have what is commonly regarded as a “bullish” flag created in the backdrop of a more macro, bearish environment. The flag fails, triggering heaps of orders prime for dissection, and
Learn how to trade without indicators. It is hugely important to learn how to read the price on charts. It is important to remember that all indicators lag behind the price. This is why it is so important to learn how to determine trend from the price alone.
I think it was around 2 years into writing this website that we started getting into some deeper discussions about how and when you pull the trigger on trades. One of the reasons I started this site was simply because it seemed unnatural to me that the general public is commonly spoon fed toxic information from unreliable sources, and that many of the methods discussed rarely work for most people. Alternative means are