I love it when fellow traders and aspiring traders ask me questions. It’s always nice to receive feedback on my blog material and to hear what others are most curious about or need clarification on with regard to trading. I’ve received a decent amount of private messages here on the website lately, so thank you […]
In this post I’d like to talk about some forex trades I made on the GBP/JPY in 2013 for those of you interested in further examples of how I approach spot forex trading. The GBP/JPY is well known as a volatile pair. There is a lot of movement of all timeframes, which I experienced when […]
Here is a list of essential things that I feel a trader needs to have in order to become successful. 1. Stop overtrading! Overtrading is the one thing that will destroy your account like nothing else. Obviously if you don’t trade or trade minimally it’s difficult to make money. Some newer traders are almost afraid […]
During the latter two days of this week I looked at the markets for over twelve hours and found a grand total of zero trades to take. Thursday Thursday provided some potential areas that could have possibly been worthy of trading. The pivot point and support 1 level came into play multiple times in addition […]
I wanted to address something I get asked probably the most often, which I can generally summarize as “How do I become good at trading in a very short period of time?” The truth is that the very best traders (and investors) are those that have put in the most time to become successful at […]
Those familiar with my blog here know that I tend to pretty much always stick with an overarching trading strategy centered around support and resistance levels. For binaries, that continues to be true. I have tried breakout strategies in the past for binary options, but I’m simply not very good at it to be perfectly […]
…(and a brief discussion about Fibaoncci retracements for binary options trading) I would like to cover a recent spot forex trade that I took and one that I happen to currently be in at the very moment. As I mentioned in my first spot forex trading article, I rely on Fibonacci retracements heavily in FX trading. […]
I have been meaning to start up a forex trading blog for quite some time. I’ve received several requests over the months over how I approach forex, and it comprises the bulk of my trading efforts. Over the course of several posts, I hope to lay out my ideas with regards to trade examples (similar […]
It’s been over one week since I last did any form of trading, binaries or otherwise. Last week I was in the process of initiating myself with a new environment, given that I’m back at university for the new school year. In general, I think it’s always a smart decision to trade only when you’re […]
Being my hours on Friday favored the later morning hours, I decided to go back to some stock trading like I did on Monday with stockpair.com. I decided to stick with trading only Apple (AAPL), as McDonalds (MCD) wasn’t providing anything favorable to trade set-ups. Also, I opted for their 10-minute expiries today instead of […]