Buying When We Should Have Been Selling
Occasionally (hopefully not more than once) we accidentally find ourselves on the wrong side of a trade. We meant to sell, but instead we bought.
Author: Dailyfx.com
Get Smaller or Get Out
Many times I get asked by new traders how to handle a certain situation they find themselves in when trading.
Learn to Walk Before You Try to Run
Trading the financial markets is one of the most competitive fields in existence today.
Identifying a Trade Setup
A solid buying opportunity can be a pullback down to support while the market is in an uptrend, which is what we see here on this daily chart of the USD/CHF.
Keeping a Trading Log to Analyze Your Trading Decisions
One of the most powerful pieces of information you can use to evaluate your actions as a trader is a trading log.
Support and Resistance
Of all the strategies used to identify an entry into a trade, the use of support and resistance may be one of the more reliable.
The MACD Trade
The important first step in identifying a potential trading opportunity is to pick the right pair. What we should be looking for is strong trending markets and then to find a trade in that same direction.
The Moving Average Trade
The FX markets have always been known for their long trending moves and experienced traders use this to their advantage.
Trading with Candle Formations
Candle formations can be a valuable addition to a trader’s approach to trading, but only if used correctly.
Trading with Bollinger Bands
Bollinger Bands are simply moving average bands with a volatility filter. However, it is that volatility filter that makes this one of the more valuable and popular technical indicators in use today.