Win percentage is the most deceiving factor in a trading journal. What must be prominent is in fact, the profitability instead of the winning percentage. It does not make sense even if you have a 99% of win percentage, and that one trade out of hundred, wipes out all the profit. So what is a good …
Traders have been using Elliott waves theory (is not a theory anymore in my opinion) for decades. Although the rules and guidelines are quite simple to understand, it becomes a daunting task to implement it in the actual day-to-day trading. Today’s lesson is about how to trade using Elliott waves. I will show you exactly how I …
Manage stop loss and reduce losses In today’s post we will discuss about ‘how to manage stop loss’ in trading. Stop loss management is critical for the success or failure of any strategy. This is why well defined strategies have emphasis on stop loss, take profit and risk to reward ratio. The topic of stop …
Trading Part Time? Anyone? Its not easy to concentrate on you are trading around your day job. Furthermore, if you are looking to become a full-time trader, the transition phase is another nightmare too. I really don’t mean to put you off first up, with such flattering statements. But as traders, we have to look at facts as …
Scalping is fun! If you are like me, then the first thing you probably did with your first ever demo account was to scalp the hell out of it and blow the account in no time. That was my first lesson in trading, don’t fight the markets. But it sure was fun scalping for the first …
Why scalping is an awesome first step for beginners? Read More »
Its time you stopped searching. Seriously, are you still not confident enough to place the next trade, according to your current strategy in place? Ok.. you’ve had a couple of losses. So what? couple of losses or even a streak of losses is not a good enough reason to dump your strategy. Furthermore strategy is not the …
Meta Trader 4 is no doubt the most popular trading platform which is supported by more than 90% of the forex brokers. But MT4 too has its drawbacks. Lack of features for manual backtesting is one of them. Since back testing of strategies is as important as forward testing, we traders have two options. Make do with what …
In order to learn how NOT to lose money trading forex, one must understand why so many traders lose money in the first place. It’s like troubleshooting a software issue in your laptop. Imagine if there was something wrong with your laptop that needs immediate attention and you just did not know the problem even existed, …
Have you ever thought of getting a precise entry  for a trade on 1 Minute chart in order to get the best possible price, even when the trade entry signals may be from any of the higher timeframes? Ever wondered of getting the very top or the bottom of a Monthly reversal point? While it …
How to Zoom in on Price from Monthly to 1 Minute – Ultra Precision Read More »
Candlestick charts are the most popular format for technical analysis. Japanese candlesticks visually display the OHLC prices and the net price movement for the candle. But there’s a problem, a big one too! The last painted candlestick does NOT reflect the current direction of the price. There is a great misconception that a candle paints …
Japanese Candlestick Anatomy: the hidden secrets Read More »
