I thought I would take a different approach, rather than writing about how to make money with Forex I decided to go in the opposite direction. In this article I will ask you, how many ways are there to lose money in Forex trading? Depends on whom you ask I guess. Probably about as many different ways as there are to make money in Forex trading. There have got to be at least … [Read more...]
Use Mini Commodity and Futures Contracts And Cut Your Losses!
Many futures traders, especially those starting out, aren't aware of mini commodity contracts. They're a great way to learn and hone your futures trading skills while radically reducing your exposure for trading loss...allowing you to stay in the commodities game while you learn sound, fundamental trading practices and gain experience. In this article we'll discuss mini … [Read more...]
Fast 1 Minute Trend Scalping System – Only For The Brave!
I'm a sucker for a fast moving trend trading system. I get bored watching long time frames, and like to be in and out quickly. So here is an idea I picked up along the way that is a really fast moving trend scalping system. Now, please be aware, to be successful with this system you really do have to be in and out fast! No holding for greed... No "what if I caught the … [Read more...]
Trend Following Strategies: Indicators That Can Keep You In The Trade
While I never recommend using indicators as the sole method to determine an entry point, once you are in a trade there are some useful indicators for trend following which can help filter out the noise and fluctuations as trade begins to develop. Here are some indicators and ideas to help you stay in a trade once you have entered in the direction of the trend. Oracle Move … [Read more...]
Parabolic SAR Strategy For Catching Trends – Awesome!
My search for a parabolic SAR strategy is over, now that I have found this one. It seems to work really well so far, but be warned, even the original author of the Parabolic SAR indicator (Welles.J.Wilder) suggested that it should only be used in trending markets. For this reason I think adding Renko candles to the chart will help filter out the noise, and intraday … [Read more...]
Lagging Indicators? Why You SHOULD Not Use Them Alone For Trading
Over the years I’ve seen hundreds (if not thousands) of newbie traders on message boards following simple trading systems that are based on lagging indicators. Because these systems are so simple to understand they are like a magnet anyone who is new to trading. The usual systems which people try to trade are often based on the most common lagging indicators found in any … [Read more...]