Articles

Head and Shoulders Pattern

For the technical trader, there are a handful of trading patterns that they tend to turn to time and time again. Without a doubt, one of the most common patterns is the “head and shoulders pattern.” In fact, there are some traders out there that will trade only this pattern, but there are a couple …

Establishing Your Risk Tolerance in Trading

While there are lot of possible pieces of the puzzle that you put together to make money trading, without a doubt the most important general area is going to be money management. Paramount to money management is understanding your risk tolerance in trading. What is risk tolerance in trading? So before we move forward, we …

What is a PAMM Account in Forex?

You will see that some Forex / CFD brokerages, usually the larger ones, offer a “PAMM Account”. What is this type of account? Simply put, “PAMM” stands for “percentage allocation management module” or “percentage allocation money management”. In other words, a PAMM account is basically a managed account where one trader trades on behalf of …

Can You Day Trade Gold?

Quite often, Forex traders will start to look to branch out into other financial markets. One of the first places they tend to look to is precious metals, which makes quite a bit of sense considering that the average Forex broker will also offer spot gold and silver trading. While you can obviously trade those …

Trading the FOMC Meeting

The Federal Open Market Committee (FOMC) meets eight times a year to discuss and set US monetary policy. Each meeting is an important date on most traders’ economic calendars. Speculation in the run-up to the meeting and the fallout afterwards can spur flurries of volatility as markets react to the decisions made by this branch …

How to Trade Wedge Chart Patterns

Looking at the wedge chart pattern, it’s easy to see why it’s so popular with traders. This is because it’s easy to identify, and therefore has a bit “self-fulfilling prophecy” aspect to it. The fact that it also has a simple measuring tool built into it doesn’t hurt either, as it is very simple to …

Public Holidays and Your Trading Schedule

National public holidays can throw a wrench in even the most experienced traders’ plans. With exchanges and banks shut completely or operating on reduced hours, it’s crucial not to be caught out by surprise festivities when you are planning your trading schedule and strategy. Taking just three of the most important stock exchanges as an …

Trading Multiple Time Frames Accurately

While there are an unlimited amount of ways to trade the financial markets, one of the biggest issues that I see with new traders is that they do not look at multiple time frames. Throughout the FX forums you can see a lot of traders talking about their favorite timeframe, and while that is fine, …

Are You Overtrading?

You are working hard at trading Forex and having some successes. Yet somehow, at the end of every month, you have ended up with a loss. What’s going on? You might be trading too much. Here’s how you can judge if you are overtrading, and how you can fix it if you are. Emotional Trading …

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