FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

02/06/2012
How To Bounce Back After Getting Hit By a Bus
“Everybody having fun yet?� I tweeted the other day. “Between Wen and Junker its like shades of 2008 $EURUSD�. This past Thursday the euro managed to spike to within a few pips of 1.3200 only to drop like a stone a few minutes later crashing though 1.3100 on some negative comments regarding the never ending Greek restructuring talks. For traders caught in the middle of this price action the volatility felt a bit like being hit by a city bus. If you were unfortunate enough to chase both the

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

02/01/2012
Automation, Diversification, and the 'wrong way' approach to the forex market
This article, written by Winsor Hoang , is taken from the FX Trader Magazine (JAN/MAR 2012 issue). 94% of New Year’s resolutions made fail. 95% of Forex traders lose money. Could there be a connection here? I believe that the answer is ‘yes’, and can be found in basic human nature. If 95% of individuals trading in the Forex market lose money, how do the remaining 5% make money? The answer is simple. They employ diversification, a consistent trading approach, and proven, successful

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

02/03/2012
PinPoint Profits With Gaps
This article, written by Troy Peterson , is taken from SFO (JANUARY 2012 issue). A stock that gaps in pre-market action can be a hint of potentially greater price movement throughout the trading day and sometimes results in some of the biggest percentage movers on the exchange at the final bell. A stock typically gaps because of a news release that traders are responding to in a negative or positive way. The only indicator I use in day trading gaps is prior price action. Prior price action

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/31/2012
Simply Support and Resistance – Part 2: Price Points & Levels
Welcome to the second part of our exploration into the dynamics of pretty much the most basic, yet fundamental and powerful aspects of Technical trading: Support and Resistance. I love talking about this subject and pretty much without fail, whenever I am teaching a new batch of students in the Online Trading Academy worldwide centers, I always end up spending as much time as possible with them going through as many examples of why any trader using a thorough understanding of this concept is

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/31/2012
Are You Struggling With Moving Averages?
The Moving Average... It is a tool that is talked about in almost every trading book that has ever been written. Every day on TV, CNBC, Bloomberg, and others are telling us where the S&P and other key markets are in relation to the 200 day moving average, for example. Every charting package on the planet comes with every possible configuration of a moving average for you to use. Because of all this, moving averages must be one of the most important tools for traders and investors, right?

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/27/2012
Morons Increase Margin
An interesting thing happened to my experimental account lately. You remember - the one I blow up every few months or so. Over the past few months that account has not just survived, but has actually thrived performing better than even some of my “real� money accounts. Last week I wrote that the one key change I made to my trading was to never, ever, ever, ever, ever, ever, ever, ever add to a losing position. That’s certainly been the key to my success over the past few months. But I also

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/24/2012
How Big are You Going?
Hello traders! One of the main topics of conversation that I have with new traders or students at Online Trading Academy is about the quest for trading's Holy Grail. While most are interested in a combination of technical analysis studies with supply/demand and a trend indicator or three, the actual Holy Grail is none of the above. In fact, it is much easier! The actual Holy Grail is proper risk management. That's it. End of newsletter, talk to you in two weeks! Actually, it is a bit more

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/24/2012
Two Key Odds Enhancers for Any Trader
In our graduate online education program, the Extended Learning Track (XLT), one of the very first lessons we teach is on "Odds Enhancers." This is because it is a critical part of identifying the proper trading opportunity. After all, what trading and investing ultimately comes down to are two things: Where do I get in and where do I get out... The optimal opportunity gives us a low risk, high reward, and high probability entry and exit point. This means getting into the market right before

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/20/2012
Losers Add to Losers
“I got a horse right here, his name is Paul Revere and here's a guy who says if the weather's clear, can do, can do. This guy says the horse can do. If he says the horse can do, can do.� - Guys and Dolls. I’ve been killing it in Flow lately and my real account is up very nicely over the past few months as markets have been very kind to momentum trading. But I am not foolish enough to believe that the streak will last indefintely. Drawdowns are part of the game and they will come. There is

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/17/2012
Simply Support and Resistance – Part 1
If you have never put the term "Technical Trading Strategies" into a Google search, then I suggest you do it now before reading any further in this article. The reason behind this suggestion is that I would like you to see exactly why I preach about keeping trading as simple as possible. If you have yet to do the Google search I suggested, then let me save you the time and trouble and tell you that you will find literally hundreds of websites and postings on the internet right now, all with

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/17/2012
Low Risk Entry or Confirmation?
When it comes to entry points into a trade, most traders are always looking for the entry to offer confirmation and very low risk. The trap they run into is thinking they can have both at the same time. I often write about the supply and demand concept which offers the low risk entry but gets you into the market before the big turn in price happens, which means confirmation comes after entry, not at the time of entry. Most traders are glued to indicators and oscillators because they offer

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/13/2012
How Much Do You Want To Make?
One of my favorite traders of all time is Paul Tudor Jones. In a business that destroys most money manager within three years he has survived for more than thirty trading on nothing more than his wits and an iron-clad risk discipline. In an interview with Jack Schwager a long time ago Mr. Jones offered a very simple formula for success that we should all adopt. Ha said that traders can consider themselves successful if their drawdowns are no more than one half of their valley to peak gains.

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/10/2012
New Year, New Attitude?
Ugh, hello traders. Another year, another beat down coming from these darn markets. I can't believe I'm still trying to trade and make money when everything and everyone is out there trying to take my hard-earned cash. Every time I think I've found the next great trading strategy that someone showed me - either on the internet chat forums or at a trading club I belong to, or in the two dozen trading books I picked up over the year, or the five trading magazines I subscribe to - the darn system

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/10/2012
Who Makes a Better Trader, Men or Women?
This is always a hot topic and one I have plenty of experience with and have written about before. A couple of months ago, I spent some time in London with some of our graduates of our Extended Learning Track (XLT) program. I had a conversation with one woman who I have met before in our program. She was still kind of new to trading, but seemed to be doing well and had a very positive attitude. This last visit, I also met her husband who I really enjoyed speaking with - very nice and funny

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/06/2012
Moonshot
In this week’s Huffington Post piece Richard Branson, the intrepid British entrepreneur writes, “The private space revolution is gathering pace. In the first years of operation, Virgin Galactic, which has already signed up nearly 500 customers, aims to take more people up to space than have been there in the first 50 years of space travel. Those visionary individuals' early commitment will help us develop future technologies that will soon be applied to quicker and more environmentally sound

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/03/2012
New Year's Questions and Answers
Firstly let me begin this week's article by wishing everyone of our Lessons from the Pros readers a very Happy and Prosperous New Year for 2012. For some this is a little bit of a downbeat time, as the blues creep in after the festive celebrations. But if you are anything like me, I am always invigorated and fired up for the challenges of the year ahead. With this in mind, I believe that the holiday season and start of each and every New Year is one of the very best times for traders of all

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/03/2012
Market Timing in XLT
I often talk and write about "Market Timing" but why is it so important? The main reason you would want to know how to time the markets turning points in advance is to attain the lowest risk, highest reward, and highest probability entry into a position in the market. Think about it, by entering as close to the turn in price as possible, you enjoy three key factors: 1) Low Risk: Entering at or close to the turn in price means you are entering a position in the market very close to your

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/02/2012
A Logical Method Of Stop Placement
by Jamie Saettele Trading is a game of probability. This means that every trader will be wrong sometimes. When a trade does go wrong, there are only two options: to accept the loss and liquidate your position, or go down with the ship. This is why using  stop orders  is so important. Many traders take profits quickly but also hold on to losing trades - it's simply human nature. We take profits because it feels good and we try to hide from the discomfort of defeat. A properly placed

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Who Do You Trust?
Hello traders! A very disturbing series of events has inspired this week's Lessons From the Pros newsletter. By now I'm sure most of you have heard of the disaster that occurred at MF Global. At the time of this writing, the outcome of this mess is unclear, as is also what was the exact cause of it. The basics are that the company "invested" uninvested CLIENT money in a basket of European bonds at a highly leveraged level. While buying a bunch of beaten up bonds for the high yield and

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
New Traders Beware...
The day someone decides they are going to pursue a trading career, they are typically making that decision because of the potential financial prize. In other words, they are making that decision because of the perceived benefit. What most people don't understand, let alone consider, is that they are about to step into a "mine field" of traps that have the potential to drain and destroy your bank account and your self-confidence all at once. When I look at the traders who do well and those who

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

01/05/2012
Exclusive: Our Contributors' New Year Resolutions
2011 is behind us and we've entered a new year. What will 2012 bring us? We have no crystal ball for you. What we have is a list of New Year resolutions that some of FXstreet.com contributors have shared with us. Do you want to know what goals your favorite Forex traders and instructors have set for the year to come? Then check those lists, vote for your favorite resolutions... and share them with your friends! Check previous year's experts resolutions! - 2011 - 2010 Ed Ponsi Spread awareness

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Wayne McDonell's New Year Resolutions
Read more about GANN and about Elliott Wave In years past, I have challenged myself by trying to expand my trading repertoire. For example, it seemed to be “common knowledge� that the 1 minute chart was nothing but “noise� and was simply not tradable. I spend 6 months experimenting, testing, reviewing and refining. End result, I love trading the 1 and 3 minute charts. I turned a weakness into a strength. Continuing with this theme, in 2012 I plan on reading more about trading topics that I

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Chris Capre's New Year Resolutions
7 figures in trading profits In life, there are three stages of all cells; growth, homeostasis (or stabilization), and decay/death. Trading is no different, except since the world of changing so fast, you are either growing or not as treading water gets you nowhere. So this year, I am stepping it up and taking it to the next level which is the next challenge - 7 figures in trading profits and the first digit is not a 1. Move further into algorithmic trading I can always make more money, but I

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Rob Booker's New Year Resolutions
Ruthlessly prioritize Every year I realize how important it is to prioritize how I spend my time. I plan on doing less planning of my time, doing more writing, more speaking, more teaching - more of the things that I love to do and that bring me true peace of mind and happiness. Read Ed Ponsi's new book Ed wrote "Selling America Short," and I am interested in the book because I do not always agree with Ed about the market or politics - but he always writes clearly, and he loves traders as much

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Nick Nasad's New Year Resolutions
Spend 1 hour a day learning something new With my birthday just passed and a new year at hand, my goals have to do with generally improving my knowledge and education - as I feel my last year has mainly focused on analyzing and trading as opposed to learning. Therefore, first on my list of resolution is to spend 1 hour a day learning something new. That could take the form of reading a few chapters from a new book (and more trips to the library) or exploring some webinars or videos from a

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Valeria Bednarik's New Year Resolutions
Use time in a more accurate manner My most important target for 2012 is a more accurate use of my time: forget about multitasking, and focus in one thing at the time. Dedicate no more, but not least, than 3 hours a week to study something new related to technical analysis. Improve my time in front of the screen, by taking 1-hour breaks after 4 hours. Keep analyzing the market as a whole First step will be re-read Dow theories: masses psychology continues to be the motor that moves the board

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Andrei Knight's New Year Resolutions
Check my charts less Trading longer-term scenarios and broader market moves (even when splitting them into smaller "bite sized" chunks) has proven to be an effective strategy in these fickle, post-crisis markets. Why fight for every pip, sweat every breath the market makes? In the coming year we will continue to explore this strategy further, how to maximize the size of its winners through multiple entries, and how to reduce the frequency and size of the occasional losers. Get more social So

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Kathleen Brooks' New Year Resolutions
The X-factor: political risk Politics, whether it’s the US or the Eurozone, have dominated markets this year. Learning how to price in political risk is something that markets don’t do very well, so as we head into another year of political pitfalls (French Presidential election, US Presidential election etc.) my first resolution for the New Year is to better understand the political risks that move markets. Earlier this year I realised I had no idea how the Eurozone all fitted together – what

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Todd Gordon's New Year Resolutions
Stop being “rightâ€� so much It’s not what you think.  There is a difference between trading to be right and trading to make money.  As we compile our trade statistics for the 2011 Dave and I noticed some interesting points.  For 2011 62.5% of our trades were winners.  On the surface that may seem like a good thing, but when you break the numbers down further there’s a problem.  The problem arises when you look at the average size of our winning trades versus the losing

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Jeff Langin's New Year Resolutions
Continue to extend goodwill towards all men and women. I really try... How to deal with frustrated traders...To drive home the idea to struggling traders that the cold hard reality of the Forex market is this; it's set up to beat them. Without a thorough education and not just bits and pieces of information, there's little chance for the wannabe 4x trader to survive. I'm not the Grinch...it's more like tough love. In my work I deal only in logic and fact. People who want to be good

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Yohay Elam's New Year Resolutions
Dedicate attention to crosses of currencies in the same region Majors and minors have high trading volume and attract a lot of interest. Crosses are usually sought after from a technical perspective, yet currencies from the same region should gather more attention as also fundamental analysis could be applied to them in an interesting manner. Currencies from the same region usually share a lot but differ in some small things that could provide excellent trading opportunities. The recent moves

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Walter Peters' New Year Resolutions
Teach a group of underprivileged people (in South America, Africa or even the wrong side of Detroit) how to trade One thing I believe in is giving back, and trading has given me so much. I would love to go to a place where people have a difficult life, and teach them how to trade profitably. I firmly believe that anyone can learn to trade profitably. I would like to go to a village in South or Central America, or Africa, or even a poor neighborhood in the USA and help a group of motivated

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/28/2011
Ed Ponsi's New Year Resolutions
Spread awareness of destructive effect of central banks My first and by far most important resolution is to spread awareness of destructive effect that central banks have on the poor and the middle class when they engage in bailouts of large banks and other companies, and in programs specifically designed to weaken their currencies. Trade more like a hedge fund Think more of the long term, and be less concerned about short term trading. Build into positions instead of jumping in all at once,

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/20/2011
All I Want for Christmas
Now there's a statement! I don't think it really matters how old or young you are or what you do in life, but Christmas really is one of the best times of the year, and if we are honest with ourselves, there is always something we don't have and would like to get our hands on for Christmas. For some, it may be a new car; for others, it may be more time with loved ones; or simply just a nice surprise may be all it takes! No matter the circumstances surrounding us, this time of year is always a

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/20/2011
You Asked, Sam Answers
Each week, I receive questions from Lesson From the Pros readers regarding information put forth in my articles. For today's piece, I thought it would be beneficial to you to share some questions and answers. I am a stock trader and I like to sync my buying and selling with the S&P E-mini futures. My question is if we are retracing to a supply zone that is fresh from the standpoint of regular trading hours, but has reacted to that zone in pre-market trading, do you still consider that a

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/19/2011
The Most Important Formula For Trading FX
The more you trade the more you lose. That thought struck me like a thunderbolt as I jumped out of my hotel bed with a jolt. We were in balmy Bahamas getting ready for K’s wedding but trading obsessions never rest so I grabbed my Ipad, trudged down to the coffee shop and started  furiously typing notes to myself. The more you trade the more you lose is not an opinion but a statistical fact. If you are trading a setup with a 60-40% edge your chance of of hitting 5 losers in a row is 1 out

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/13/2011
How to Let Your Winners Run
Hello traders! In nearly every Lessons From the Pros newsletter, we discuss the basics that all successful traders have in common - taking your small losses and letting your winners run. How you come to the decision of exactly when and where to get into a trade, based on your own preferred technical analysis strategies, will be as diverse as the number of traders out there! It could be a moving average crossover, supply or demand zone, overbought on a CCI in a downtrend, etc, etc. What isn't

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/13/2011
The Fear Issue
Speculating in markets is a difficult challenge that can test your emotions more than you can imagine; there is a reason for this. From birth, we gravitate towards things that make us feel good and run from things we fear. If you take this instinctual action in trading, you will lose. Meaning, if you buy when the news and charts look "good," you're buying when price is high. If you sell when the news and charts are "bad," you'll be selling when price is low. Buying high and selling low equates

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/09/2011
Why You Should Love The Whipsaw Trade
Do you know what most traders hate the most? It is not losing money - everyone understands that losses are part of the game. What traders hate the most is getting whipsawed. Go long, get stopped. Flip the position, go short and watch in horror as price retraces to your original entry and stops you out again. If you just held on to your initial long you would have been back to break even. Now you are double negative for the day! If you day trade FX you’ve had this happened to you many times,

FXstreet.com: Education: Trading Strategies
Fxstreet.com: Education: Trading Strategies. Useful resources for those who want to explore new ways to approach the currencies market.

12/16/2011
Using Compound Indicators To Predict Market Fluctuations
by Cory Mitchell Giving ourselves a trading framework of likely price movements to work within can be very advantageous. By using simple indicators, we can approximate how much the market is likely to move today or tomorrow. While we cannot come up with an exact figure, even a small edge can result in a significant difference in profit for traders. For  day traders  this can be especially helpful. Having insight into how much movement is probable the following day can provide for