Stop Placement with Average True Range (ATR)

by | January 7, 2010 2:27 pm
When working with new traders in the DailyFX Trading Course, we try to impress upon them the importance of using a protective stop in every trade.

The Trader’s Approach

by | January 7, 2010 2:20 pm
As new traders come into our DailyFX Trading Course, one of the big questions we are asked is what to do first when looking for a trade.

Look Before You Leap Into a Trade

by | 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 | 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 | 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 | 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 | 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.