Look Before You Leap Into a Trade

by Dailyfx.com | December 14, 2009 4:44 pm
After closing out a losing trade, it is human nature to want to get right back into another trade to get that money back.

Never Trade Without a Protective Stop

by Dailyfx.com | December 11, 2009 5:15 am
After having identified your entry on a new trade, the next step should always be to identify the price level for your protective stop.

Buying New Highs and Selling New Lows

by Dailyfx.com | December 5, 2009 12:05 am
One of the oldest and most powerful money management strategies used to enter into and exit out of trades is using new highs and new lows over a certain period of time.

Trading the Nonfarm Payrolls

by Dailyfx.com | December 3, 2009 11:41 pm
This Friday, December 4th, at about 830AM Eastern, the US Department of Labor will release the most anticipated news report of the month, the US Nonfarm Payrolls. This report can result in increased volatility and a chance...

Finding a Trade is a Two-Step Process

by Dailyfx.com | December 2, 2009 2:32 pm
I’ve seen some new traders have some incredible winning results in a short period of time. However, quite often they will lose those gains as just quickly.

Build Up to Consistent Results

by Dailyfx.com | December 2, 2009 12:47 pm
Trading the financial markets is one of the most competitive fields in existence today. I recently received an email from an DailyFX Course graduate who was doing all the things necessary to become a profitable trader.

Don’t Change Time Frames to Stay in a Losing Trade

by Dailyfx.com | December 1, 2009 7:40 am
Too many times I hear about new traders opening a trade using the 5-minute chart (not my favorite approach) and when the market moves against them, they move to the 15-minute chart to justify staying in a...

You need Forex Training – Here’s Why by GoLearn Forex

by GoLearnForex.net | November 19, 2009 12:50 pm
Non professional forex traders often take the plunge into trading forex before taking the time to learn forex and equipping themselves with the knowledge necessary to find success.  Forex trading is business and not like approaching a...