The Forex Pro

Of all the facets of trading, perhaps the most challenging is properly exiting a winning trade. I’ve lost count of how many times I’ve seen first-hand, or have heard of, traders and investors committing the cardinal sin of turning a hugely profitable position into a losing one, simply because they lacked an exit strategy. In terms of identifying entry points and placing stops in the market, most traders become somewhat proficient – after extended periods of practice. Putting together, and most

This article is taken from the Forex Journal (February 2009 issue). The author, Cornelius Luca , is the writer of Technical Analysis Applications – McGraw-Hill, 2004, Trading in the Global Currency Markets – Penguin Books, Third edition, 2007, Technical Analysis Applications in the Global Currency Markets – Penguin Books, second edition, 2000, and Introduction to Technical Analysis – Euromoney, 1997. He has authored numerous articles in both Stocks & Commodities and Futures. The ability to

Pivot Point analysis originated many years ago in the grain pits. Before the Pivots, all that the pit traders had to trade off of in reference to yesterday’s range was the sacred High, Low and Close. Pivot Point analysis was designed to give the trader a reference of where today’s prices are in relation to yesterday’s prices. Since traders were not allowed to have electronic devices in the pits during trading hours, this was a big help. Of course, back then, even the smallest electronic device

Within Forex, there’s something professional traders call, “chasing indicators.” Sadly, so many retail traders – with the mindset that trading Forex profitably is easy – fall victim to this destructive attitude and unfortunately, constantly find themselves behind the curve as volatility kicks in. However, there is another way to trade. In this special report, traders will learn why “chasing indicators” is such a losing game, while also seeing how they can begin putting indicators on their side

Even when traders embody substantial technical and fundamental knowledge, risk prevails without the proper understanding of the larger probability/volatility paradigm behind currency trading. Here, traders are encouraged to boldly challenge typical pre-conceived notions of charting, in an effort to see beyond the fallacy of technical analysis. In the end, traders who understand descriptive statistics will find greater clarity and perception of volatility, before it even appears. Words of

Forex markets often display significant volatility catching many traders by surprise. However, with a simple understanding of descriptive statistics and moving averages, many could soon find themselves ahead of the curve. Many traders – both new and experienced – often find themselves at a loss attempting to understand why Forex markets tend to experience extended volatility. In simple terms, the reasoning behind extended volatility is that of continued buying, or selling beyond easily