8 (BRUTALLY HONEST) Things You Must Do Your First Year Of Trading…

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The breakout cycle trading strategy is one of the easiest ways to make profit in the Forex market. You should ad this strategy to your toolbox to increase your chances to profit.

Two years ago, I learned a hard lesson about money management. By trading in big blocks trying to speedup the process of doubling my account, I ended up loosing all of the money in that account. Ouch! This article shows you how to avoid some of the mistakes I’ve made and how to stay profitable.

Technical indicators are a great way to forecast the market direction. However, mathematical formulas are constant and can’t take into account human reaction to market news. In this article we discuss why you must take into account the market sentiment before entering a trade.

Whether you are a beginner or a seasoned trader, if you are struggling with your trading, you should do rule-based trading to achieve profitability. By following a strict set of rules, rule-based trading takes all the guessing out of trading and will make you a better trader.

The Forex market is made up of three cycles. You must understand the different patterns and formation within these 3 cycles to be a successful trader. By aligning your trading strategy with the current trading cycle, your chances of a successful trade increase exponentially.

Learn about the top five techniques that successful traders use to identify where support and resistance lie. These techniques have been tested over time and are used by successful traders worldwide.

These easy-to-follow 5 steps will make you consistent profits. Complex trading strategies are much harder to execute thus increasing your chances of failure. By simplifying your trading you will have higher success.

MACD and moving averages are great indicators to help you determine when to enter trades. The setups that follow are proven to generate reliable signals, thus helping you become more profitable. Future articles will combine these signals with momentum indicators to corroborate your entry/exit points thus enhancing your trading strategy.

Choosing the wrong currency pair will lead you to losses. Short-term traders should consider the two points that follow when choosing a currency pair to create a higher number of profitable trades. The key is yours!

When trading the news, there are three questions that we need to ask ourselves before every trade: Is the news important? Is the surprise large enough? And is the surprise in line with the market’s sentiment? Not knowing the answers to these questions can lead to big losses.

Professional traders look for “high-probability” trades. The 5 critical questions you should know before making a trade are outlined in this article.