“Using a mechanical system is the best way to consistently make money trading. If you know that your system makes money over the long run, it is easier to take the signals and follow the system during periods of losses”. – Richard Dennis Automation really seems...
Trading requires more emotional stability than most aspiring traders realize. One of the beliefs that aspiring traders bring with them to our Forex System Development Workshop, has to do with consistency. Most aspire to have a 60-80% win rate. “Winning” seems to be at the top...
“You don’t need to go to business school; you’ve only got to remember two things. The first is, you always want to be with whatever the predomianat trend is.” – Paul Tudor Jones, Market Wizard Trend following has been around for ages and it is still...
“It’s not about being right, it’s about making money.” – Scott Ramsey, Market Wizard Most retail traders think that profitable trading is just about picking winning trades. Hence the enormous focus on entry techniques. However, the devil is always in the details. When traders are studying...
End of day trading allows you to benefit from the volatility in the Forex markets in a time efficient manner. Once a day, on the New York market close, you can assess the daily charts and make decisions about what to buy and sell, as well...
We have discussed at length about Volatility in our blog. More recently, we spoke about the Vix index and the risk-on/risk-off theme. Earlier this year, we spoke about volatility in various contexts. Many traders assume volatility means “risk”, so just as the VIX Index rises when...
