You had a great strategy, it was working well and it was making you money. The problem? Suddenly, market conditions have changed and your strategy no longer works. Markets are too volatile, too choppy. It’s as though the only thing your strategy can produce is a screen full of red. It seems like your strategy […]

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Regardless of whether you are trading Forex, stocks, gold or beans, everyone who considers themselves a “trader” wants to be successful. For many, this means fulfilling the goal of replacing their current income with gains made from trading. For others, it might mean reaching levels of wealth and security impossible to reach with their “day […]

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The percentage of successful forex traders is relatively small, yet they share certain similarities: A well-built trading system, plus the right combination of personality traits and learned behaviors. Of course, the tools are important – Regardless of a trader’s personal characteristics, a successful trader always builds, uses or finds a good Expert Advisor (EA). Most people […]

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You’re about to ride a bullish trend; you plan your stop loss and gauge how much you can risk. You also know the rule of thumb—that is that your profit should be at least twice the amount you are willing to risk. But how can you know if the trade you’re considering really has potential […]

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The double top pattern is no doubt among the simplest and most familiar price patterns in technical analysis. Typically, a double top pattern is followed by a sell off. In theory, this rather simple pattern should be easy for traders to pounce on and yet, too often, it’s a cause for frustration. That’s because the […]

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If you’ve been trading for a while, you may have noticed something interesting. Of course, you can probably easily recognize a bullish or bearish trend. But have you ever noticed that sometimes the momentum is so intense the trend almost seems vertical? Kind of like the pair is falling off a cliff or ascending like […]

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What do baseball and trading system drawdowns have in common? A lot more than I ever realized. If you haven’t read the book or seen the movie Moneyball (which I highly recommend), professional baseball adopted a statistical approach to recruitment and gameplay around 2000. The Oakland Athletics adopted the approach before any team. They experienced tremendous success […]

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