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Several months ago I wrote up a post on Forex-Nation promising more lessons and more info from my own forex experience to help those of you seeking to refine your own forex trading skills. Well I guess you could say I sort of didn’t quite follow through with that promise. But I would like to give an explanation for why the long silence, and no it’s not because I went broke and gave up trading.
It’s actually been one hell of a year for me both personally and financially. Thanks to the misguided hot air balloon that was the Dodd-Frank Wall Street Reform Act my trading capitol proved to be insufficient to continue trading full-time. And as I sought out
Continue reading–>My Forex Experience
What A Long Month of Trading
Well as I reported in the first week of December, the EUR/USD has been consolidating within the middle of 1.3000 to 1.4000 ranges. This means it’s not a big surprize to those that watch the fundamental data and apply it to the MT4/technical data. You need to keep big picture analysis in your everyday technical analysis. It serves as a compass towards trading decisions.
Award Nominations for fxKnight
And as if my own review of fxknight didn’t encourage you to consider their services for your forex training needs, I get to announce that fxKinght is nominated for Best Educational Content, Best Educator, and Best MetaTrader Add-on.
It’s based upon what actual traders vote,
Continue reading–>February Update – New Year Brings New Money
Just wanted to post something for those who are visiting the site looking for new content and let you know I’m not procrastinating writing new lessons as promised. I’ve got a list of lessons I’m preparing, but I also bit off more than I could chew so to speak with my other “job”. I design websites on the side and recently took on a major E-Commerce website design that’s created a whole new set of problems for me to spend time on. Until I get a good grip on this project, I’m putting my trading and this website’s content on hold. Not to say you can’t still check out all the 2010 content and gain some great insight into how
Continue reading–>Sorry for the Delay
The first couple of weeks in December can still be navigated using the same strategy and indicators that got you through the previous 11 months of the year, but the same cannot be said for the last 2 weeks. These are extremely thin times where the big bankers and investment funds have clocked out till the New Year and small orders that would usually be easily absorbed into the market causing no visible change can actually move the market in very big ways when liquidity is lacking. That’s great when it’s in your favor, but dreadful when it’s not. My advice is to stay away. Enjoy your life outside of forex and just don’t bother thinking about the market until
Continue reading–>My Advice for Trading in December? Don’t Do It!
Before we begin to look at what are the best indicators for determining overbought/oversold conditions and how to use them, let’s first define what overbought/oversold means.
Overbought/Oversold Defined
I define an overbought condition as a situation in which the price level of a currency pair has risen to such an extent that it is overvalued and therefore the likelihood of a pullback is very high. The opposite is true in oversold conditions where price action has fallen to such a level as to justify new buying opportunities due to its’ current undervalued state. In simpler terms, we are dealing with an extreme level in price action that as a result we should therefore see a corrective move take place.
What’s going on in the markets
Continue reading–>Overbought/Oversold: Using RSI, Stochastic, and Moving Average Envelopes
After running Forex-Nation for one year now, I’ve realized that the lesson content of my site is by far the most viewed and popular content. So I’ve decided that for this coming new year, I will be spending the majority of my time creating more lessons and hopefully more valuable content for you my visitors.
Get involved with the Nation
As such, I want to involve you all in the creation of the content. So what content would you like to see added? In other words: What topics interest or baffel you the most? What would you like to learn more about from me?
I have already received lots of requests over the past year for new content relating to:
Should you trust automated trading?
What’s the best way to design
Continue reading–>Help Decide the Next Forex-Nation Lesson
I want to share more information about how to use Fibonacci levels in forex trading. Fibonacci retracements and extensions are my top choice for predicting price action. In this video from Andrei Knight from fxKnight.com, Andrei goes over an easy method for applying fibonacci levels to your trading strategy using the Fibonacci ABCD method. This is the exact same strategy I use in my own Fibonacci Made Easy lesson, and I hope it sheds more insight on how to use this great indicator.
Welcome to my website. I have created lessons and videos to help teach my method of trading forex which you’ll find listed below.
I encourage you to explore all the categories and leave any questions or comments you want. I created this website to help teach forex, so all questions are welcome!
There are lessons on: Fibonacci Made Easy, Support/Resistance, Pivot Points, Moving Averages, the Alligator and Money Management
There are videos of: Using Fibonacci, Using the Alligator, Using Pivots, and Trade Analysis
Also check out my review of the best forex educational service I’ve ever experienced: Forex Education| fxKnight.com Review
I go over not only daily pivots, but also how to use them together with support/resistance and fib. lines to find trade setups. Here’s how
Apologies in advance for the audio quality. Apparently my voice was too loud for the mic this time, but if you can get past the audio, I think it’s a decent analysis of the week’s events and set ups.
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