Too often I hear of traders boasting of how great their trading system is. How it generates huge profits with guaranteed signals. Just as often I hear these same people tell stories of how they lost their ass and wiped out their accounts. If these traders had such a fool proof system then how come […]
Anyone who watches the economy and/or trades currencies will tell you that the world’s central banks have a lot of power to move the markets. It only makes sense if you think about it. Market movements are based on a combination of underlying fundamentals, market sentiment and technical analysis. Underlying fundamentals include key interest rates […]
Day trading stocks for years I found I always traded best in the morning, then usually gave some profits away in the afternoon, only to make some back at the close to basically finish up where I was at in the morning. It took me years to realize that trading all day is not a […]
Fibonacci Retracements are a very useful tool and one that is part of my regular technical analysis. This tool is one based on thousands of years of mathematical observations originating in ancient Indian mathematics. Although he did not invent the number Fibonacci did a lot to bring it into widespread knowledge in middle aged Europe. […]
Divergences are an important tool for binary options trading and one employed by many intermediate and advanced traders. This tool can form in several ways and on several different indicators but the basic theory is the same for all. In fact, divergence theory is so well though of in the trading community that there is […]
When a strategy provides a lot of signals, such as the one I use for trading a 1-minute or 5-minute chart on the EURUSD (see: Forex Day Trades – October 7 and subsequent posts), some traders may find it beneficial to add an indicator to help them figure out which signals to take and in […]
There is a wide of array of sentiment indicators which you can use to generate trade ideas and confirm trades. One of the most popular ones is the long-short ratio. It shows the percentage of traders who are long and short a particular currency pair. Over time we can see how a currency pair’s price […]
Mondays are historically the lowest volatility day of the week. That means some special attention is required when selecting trades. Figure one shows EURUSD volatility per weekday, with Monday averaging about 60 pips of movement. Wednesday and Thursday see a significant jump in volatility. Figure 1. Source: http://vantagepointtrading.com/daily-forex-stats – November 11 November 11 is […]
Good Day traders, In this article I will explain you basic things about how to trade in the Futures Markets. First of all, what is a future contract? It’s a financial derivative and like every financial derivative we need an underlying asset. These assets can be currency pairs, indices, commodities, bonds etc. The first thing […]
Hi traders, Today I am going to show you an easy and fast way to trade pin bars. I use these setups to trade a reversal in the market. I usually take a longer expiry in binary options like 15 min or 20 min. So, let’s take a look to the first screenshot of the […]