Recent content by uwei

The only way to take emotions out of trading is to create a trading plan and follow it diligently. A trading plan should dictate how a trader approach the market and decisions on trading and managing their trades. Without a plan, a trader will trade based on gut feel and emotions. I'm still...

Legit broker.

Keep up the good work FPA!

Every currency pair has a bid/offer spread. For EURUSD, it will have a spread of 1 to 2 pips for most brokers. Thus, if you SELL EURUSD, in order to close your position, you need to BUY. Your stop loss is at 1.3257. That means to close your position, the broker will quote the BUY price of...

Trading plan A trading plan should include, but is not limited, to the following: 1. A daily trading routine 2. Sources for market news and events for an overall market view, to form a fundamental analysis 3. Chart time frame for analysis and time frame for entries and exits, to form a...

Of course it is possible to trade without candlesticks. A trader can choose to use Line charts or Bar charts. I do not know of any secret trading method. I think all trading methods are good as long as you put it in the right context and executed at the right time. Stop looking for secret...

There are many ways to skin a cat, just like there are many ways to play this Forex trading game. Even if a trading strategy is popular and widely used, with a daily turnover volume of USD4 trillion in the Forex market, there is no reason a strategy will not work given the liquidity available...