Price Projection For Head and Shoulder Pattern
This is one question by one of our fellow traders Hello guys. On the daily of gbp/usd,there is a clear head and shoulder formation. It broke through the neckline and looks bearish for now. What puzzles me is how do you forecast the downwards price from the difference of the high between the top candle [...]
Currency Pairs Related to US Dollar Index
In today forex faq, we have a question from one of our fellow traders who has experience in trading index for about 2 years. Below is his question: “I have been trading indexes for 2 years and also just started currencies a month ago (particularly usdjpn, usdchf, audusd, eurusd and gbpusd). To trade them I [...]
3 Common Forex Problems You Must Overcome
In today forex faq, I will be sharing with you a problem that is pretty common among traders. Below are the question: I have been trading forex now for more than two years yet not be able to make head ways, what is wrong with me? Pls i really need your help. For the above [...]
Forex Breakout Price Projection Technique
In today forex faq, we have a trader who is trading forex breakout strategy. He is having success with his entry but his only problem lies in his exit. Below is his question Hi Kevin, I’m trying to do breakout trading, just drawing resistance/support lines, channels and triangles. I had decent success in entering these [...]
Are You Tired of Being Stopped Out
I hope that you enjoy this forex faq session like I do. However I find that you guys seldom give your comment on forex faq post and sometime I start to think that there is no one interested in this section but ME. If you like this session, do try to give your comment below. [...]
Forex Entry and Risk Management
In today forex faq, I am going to answer a question about forex trade management from one of our fellow traders and another question about trading profit from another trader. Below is the question I would like your help on this Kelvin. My first rule in trading is never to risk no more than 2% [...]
4 Effective Ways To Place Your Stop Loss
In this week forex faq session, I will be answering this question from one of our valuable member of this blog. Would you please explain where to place stop losses with trend line break strategy? When answering this question, it also applies to other trading strategy such as breakout trade, range trading and so on. [...]
Does More Trades Equal To More Profit?
September 21, 2010 by Kelvin
Filed under Forex Tips
Does more trades = More Profit? Whenever I met my friends and they started asking me about the frequency of my trades. They will always say “Why don’t you place more trade since you have such a reliable trading strategy? Personally I place about 10 to 12 trades every month as I am very particular [...]
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 [...]
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 [...]
