Forex Traders Blog & Newsletter

Stuart McPhee, private trader, author and trading coach, explains how adopting a defensive mindset can lead to outstanding results.

Why do people trade? For most, their primary motivation is to make money. Sure, there are secondary reasons however they all stem from the undeniable urge to make money.

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Hello Everyone,This week we look at the USDJPY chart to see a very simple, basic technique that can make a fortune in the markets if followed and understood by the trader.

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So what is it that separates the successful from those who fail? If you ask anybody who has studied trading for any period of time, they will answer ???psychology??™. Essentially, your mental ability to manage losses and profits and the good and the bad times in trading, manage risk, to not become too greedy and many others are all encapsulated under the heading of ???trading psychology??™.

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Today, computers and trading software make it so easy to access information from almost anywhere. Never before have so many people had useful tools readily available to them at their fingertips. Stuart McPhee, private trader, author and trading coach, explains how many people focus on the wrong areas much to their detriment.

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Unfortunately, many people who start trading find success difficult to achieve, certainly in the period of time immediately after starting. Stuart McPhee, private trader, author and trading coach, explains how traders can prepare their minds for top performance by preparing for the game.

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Hi everyone, In this weeks article we look at USDCHF, and using the Fibonacci tool on an hourly chart we can see a favourite set up of mine that I simply call retest.

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In currency technical analysis, the most important theory ever, for understanding market movement, is Dow Theory - but its influence is vastly under estimated by the bulk of traders. (more…)

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In part 1 of this series of articles: ???Currency Technical Analysis Part 1: The Most Important Theory Ever??? we discussed the general background to the Dow Theory. (more…)

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In previous articles, we??™ve looked at the history of Dow Theory, and why it’s the best theory ever, for currency technical analysis.

The logic for spotting the big trends follows - and it??™s these trends that we want to catch - as they yield the big profits! (more…)

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Aim for 10 pips per day (this sounds so little, but, 10 pips per day will become very powerful once you trade multiple lots). (more…)