Friday, September 12, 2014

Forex Trading Game: Casino Luck or Business Skill?


The forex trading game can be so tricky.. Nearly every day I get emails from Forex trading gurus bragging that this week they got so many PIPs on certain trades. The fact is, if you enter a trade during a trending market you will likely win. In fact, if you enter a trade, you should have a 50/50 chance of winning. The important thing is, you consistently maintain a high percentage of winning trades over time with larger winning trades than losses. To do that, you need something other than a method of getting in by using an indicator crossing a certain level. You need to actually see through the noise and chaos. Recognize the real reason to enter or exit a trade that clearly shows the difference between what we call a pullback or retracement and an actual turning point, a reversal. When the market seems to be moving in the opposite direction of your trade, how do you know whether it is retracing? And will it continue in the same direction? Or whether it is reversing and you are about t
http://tradingmastermind.com/forex-trading-game-casino-luck-business-skill/

Friday, September 5, 2014

Profitable Trade Using Elliott Wave Pattern


How would you like to use elliott wave pattern in trading? Elliott Wave Pattern is one tool popularly used by most traders because of the information it provides. However, it is not something that we just follow to the exclusion of everything else. How many times have you heard people say that it s difficult? That it s nearly impossible to tell what wave is currently forming in an elliott wave? Still, people remain fascinating with elliott wave. They see that these patterns really do form in the financial market. About 99% of traders who use elliott wave pattern are missing the most obvious way to capitalize on these patterns. They fail to harvest the maximum amount of profit that s available from the market. Now, you are about to learn on this video of elliott wave pattern. You will learn some of the most vitally important knowledge that you will use from now ong. Financial markets are always unfolding. However, the wave that is used by most traders actually causes their winning trad
http://tradingmastermind.com/trade-using-elliott-wave-pattern/