How to be a More Consistent Trader

   “Now I spend my day trying to make myself as happy and relaxed as I can be.” – Paul Tudor Jones Consistency is underrated. When a trader is consistent, good things start to happen. When a trader is consistent, good things start to happen. The...

Forex Candlestick Cheat-Sheet

  If there is anything that shows the timeless nature of markets, it’s candlesticks. The development of candlestick charting techniques are widely credited to Munehisa Homma –  “god of the markets” –  a Japanese rice trader in the 1700’s. He used candlestick charts to profit from...

Finding the Balance Between Rules and Flexibility

 “Many people think that trading can be reduced to a few rules. Always do this or always do that. To me, trading isn’t about always at all; it is about each situation.” – Bill Lipschitz, Market Wizard Most traders fit into one of these two categories:...

Video: Damn Good Long-term Forex Trading Set-ups

In this video I discuss some of the set-ups I use for long-term Forex trading. About the Author Sam Eder is a currency trader and author of the Definitive Guide to Developing a Winning Forex Trading System and the Advanced Forex Course for Smart Traders (get free access). He is...

How to Decide Which Trades to Take (and Which to Ignore)

  Choose your best trade. It’s a simple idea – and one that is often overlooked. When I tell traders they should only be trading their best ideas, I am normally on the wrong end of a very confused (and sometimes exasperated!) set of facial expressions....

How to Build a “Risk-free” Position

  Risk-free positions are a beautiful thing. Once your position has little-to-no risk left in it, then it not only liberates you financially, but psychologically as well. When your trade is risk-free you can focus on maximising profits without fear of taking a loss. Most of...