My Technical Analysis Indicator Selection Tips
July 21, 2010 by Kelvin
Filed under Forex Tips
After going through so many different technical analysis indicator in my blog, I find that most of my readers are facing a problem. Most of them do not know which technical analysis indicator to use in their trading and that is what I am going to talk about in this post today. Indeed, there are [...]
The Importance of Forex Exit Strategy
July 18, 2010 by Kelvin
Filed under Forex Tips
Forex trading is a process, it all started from the point you enter a trade to the point you exit it. Whether you are going to be profitable in your trade depends entirely on the whole process. The problem with most traders is they are very concerned about their entry and they are always in [...]
Forex Trading Is All About Probability And Not Luck
July 7, 2010 by Kelvin
Filed under Forex Tips
When I first started trading forex, I always blame it to luck when I get stopped out and I thought that the market is going against me. In fact, this is what happens to most new traders in the market which causes them to give up on trading. But if you asked an experience trader [...]
Learn How To Trade Forex Successfully
June 12, 2010 by Kelvin
Filed under Forex Tips
When it comes to trading forex for a living, I can assure you that it is the dream of all new traders. However the fact is only a small percentage of these traders are going to make it through their first 3 months of trading. In fact, more than 80% of new traders who enter [...]
Does Successful Trader Win 100% of Their Trades
April 27, 2010 by Kelvin
Filed under Forex Tips
YES, you must be thinking. But the truth is NO. I have known a number of successful traders who hardly even have 60% winning percentage with their trades. Then how on earth these people survive? The real key in their survival lies with their risk reward ratio. Most of these traders that I know trade [...]
My Best Forex Indicator Choice
March 20, 2010 by Kelvin
Filed under Forex Tips
There are over a hundred different indicators that you can use in your trading. As it is pretty impossible for anyone to be able to understand all the various indicators available, I often encountered this question from my blog readers. What Is The Best Forex Indicator To Use? In fact, this is also my number [...]
How To Avoid Being a Failure Trader Part 1
March 8, 2010 by Kelvin
Filed under Forex Tips
There are several traits that a trader must have in order to be a successful trader. However in this post today, I will be going through one important trait that I believe is the most important which is your ability to accept risk. In order to be able to make a living in trading, you [...]
How To Handle a Losing Streak
February 2, 2010 by Kelvin
Filed under Forex Tips
This is a topic that I believe no one of you wanted to experience but it is inevitable in the world of forex trading. No matter how good you are or how successful a trader can be, it is impossible to not have a losing streak which is the consecutive loses in a row. This [...]
My Forex Risk Management Tips
January 15, 2010 by Kelvin
Filed under Forex Tips
Having proper risk management can totally change your trading account. First of all, let me ask you a question. “Do you think that being able to trade with a winning ratio of 5 out of every 10 trades is able to make you money that can allow you to quit your day job and becomes [...]
How To Setup Your Forex Trading Plan
December 27, 2009 by Kelvin
Filed under Forex Tips
If you have been reading either forex books or attending forex courses online and offline, you will have heard about something called “Forex Trading Plan”. So What Exactly Is Forex Trading Plan? It is also sometime known as forex strategy by some traders. A forex trading plan is a predefine sets of conditions that you [...]