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Hey Guys, Better late than never! I have found some time to encode, upload and release this mini webinar I held on the 15th of March in the Forex4Noobs chatroom. The webinar was not really planned out and I just rambled on for about 40 min. I really should do a full webinar on this subject at some point and I probably will. However, for now here is the mini webinar. Trend Line Reversal Mini
Scientific method – Scientific method refers to a body of techniques for investigating. To be termed scientific, a method of inquiry must be based on gathering observable, empirical and measurable evidence. In other words, you develop and theory and using the scientific method you rigorously test the theory in an attempt to prove it valid. Now let’s talk about the Forex Robot World Cup. Heard of it? In case you haven’t this is what the
Have you ever posted a review for a Forex broker, product or site? There are heaps of Forex review sites out there that allow any user to post reviews. From the big boys like ForexPeaceArmy.com to the smaller guys like ReviewPips.com and ForexReviews.com. These review sites can be pretty useful when it comes to buying Forex products. However, if you’re looking for broker reviews these sites are worse than useless! It is not the websites
Ever since I opened Forex4Noobs.com people have been asking me how I know when to enter a line break. This is because I do not enter all scalp/constant line breaks. Sometimes I do not enter simply because the trade doesn’t look right! So naturally newbie traders are curious as to why I sometimes do not take bad trades. And when they ask me I always say I know because of “intuition based on years of
CFTC = A US governmental body that seeks to regulate and monitor financial markets. However, like any government body the CFTC is inept. It is run by imbeciles who know little to nothing about what they’re trying to regulate. FXDC = The Forex Dealers Coalition is comprised of the big boy brokers in Forex: GFT, FXCM, FX Solutions, FXDD, CMS, Oanda, IBFX, Gain Capital, Alpari US, and PFG. Between them these brokers have billions in
I must admit, I became a successful trader without a trading plan. I also ran this site for 2 years without a plan. And in my life I plan next to nothing. I always thought that plans were useless and that I did not need them….. I was wrong! Your Forex journey will be much easier and much more successful if you have a proper plan in place. However, very few websites tell people how
Every self proclaimed guru out there tells you how a money management plan (mm plan) is essential. They tell you that you will fail without one and some even try to show you how to write one. However, very few (if any at all) give you an actual example of a real mm plan. Well since I am a real trader, I write mm plans routinely. So I am going to explain in detail how
Hi Guys, At this time of year through to the end of January the market changes. Movement tends to die down and you start to see a lot of ranges forming. This is the time to start looking at different types of trading. Things like range breaks and candle patterns really come into their own in this kind of market. So I thought I would reintroduce a little known and little discussed part of my
As this year draws to an end, I have to say it’s been a tough one. Overall, I am still profitable by about 2800 pips. This is a huge contrast to my normal 5000+ pips. This year has been the hardest to get through, since my first, and I have learned some valuable lessons. Two of which I will share in this post: Lesson 1: Have Backup Pairs – While I still believe that newbie
Demo accounts have three uses: For brand new traders who need to learn the basic concepts of trading i.e. pips, long and short positions. Testing out a broker’s platform before going live. Primary testing for a new method. That is all demo accounts should be used for PERIOD! My email inbox is scary because it’s full of horror stories. They almost always start and end the same way. A newbie opens a demo account and
