Finding a Trade is a Two-Step Process
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.
Author: Dailyfx.com
Build Up to Consistent Results
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
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...
Keep a Trading Log to Analyze Your Actions
One of the most powerful pieces of information you can use to evaluate your actions as a trader is a trading log.
AUDUSD: Technical Positioning Points to Double Top
A double top may be in place, with AUDUSD showing an Advance Block bearish reversal candlestick pattern below resistance at 0.9334. Dramatic negative RSI divergence bolsters a bias favoring the downside. That said, the Australian Dollar has...