Interview with Adrienne Toghraie

Adrienne Toghraie who is the author of Trading on Target in a wonderful interview is covering many aspects regarding trading success and other psychological factors .. Adrienne started her talking with mentioning the importance of being passionate about trading and loving what you are doing that will help you in being  creative, analytical  and self disciplined .




Adrienne also will talk about some specific types of personalities and who should continue trading and can be a very successful one and who should not and referred to  the term Discretionary Trader then, Adrienne talked about the emotions associated with trading and do people really can trade without emotions ?


Very interesting and beneficial interview hope you like it ..

Other Useful Post :

A Trader's Guide to Self Discipline | Trading Lectures

When Not To Trade - Trade Example

This is a trade example on the GBP/JPY Pair and in that video i just want to send you a message that whatever your chart looks attractive and a loud voice inside you screaming to buy or sell or you are going to die ^ - ^ .. just Don't listen !


As long as a trade setup doesn't match your Trading Rules just forget about it and go to the next trade ..

How To Speed Up Your Trading Using MT 4

This is a very helpful video presenting some useful shortcuts and tips to navigate MetaTrader 4 more easier and quicker and this will make your trade execution much comfortable ..


I strongly recommend watching that video either you are a beginner or a professional ..

How to Spot a Trend Using Price Action

Price Action as i always say is offering a tremendous amount of information and signals that is worth it to study and understand .. in the next video i would like you to see the swing highs and swing lows illustrated on the chart just to train your eyes about that kind of charts and be more accurate in determining the correct trend .. 


Remember that Price Action Trading needs real practice for long time so, be patient and spend enough time ..

Ron Wagner is presenting a short 2 videos discussing the use of price , Moving Averages and Trend Lines .. Ron is actually mentioning few tips regarding the use of trend lines and MA and i hope it will be useful for all of you .. ☺

Fibonacci Trading Strategy

This is a very simple trading strategy using Fibonacci Retracement Levels , no need for other Technical Indicators as the strategy is based on Price Action , Trend Lines and the Fibonacci ratios ..
The good thing about this strategy is that it provides a  Good Risk Reward Ratio and this is very important in both short and long term trading results .. 

Note : the second example is not completed in that video but the main idea is clear for the strategy ..

Euro is apologising !!

When Euro regret and admit .. !! ☺

Why Suffering with Picking Tops and Bottoms ?

Trying to pick tops and bottoms is something exhausting in my humble opinion for traders , some will think that you must have that talent to be profitable in trading and this is completely wrong !


Very few people have that kind of trading talent and trust me you don't need it to make a living trading any market , the next video is discussing that idea and always remember that price can do anything beyond your imagination .. ☺

Trick For Zooming In On Price in MT4

Some times you need to zoom in on price more than what Metatrader 4 offers so, this little trick can help you in doing that job very effectively and this is useful to record your notes about Price Action and candle wicks and other price related behaviors ..

The YOYO Trader !!

Did you have an extremely profitable  month when you made a very good money then the very next month you lost every thing ?!
Then, you made a lot of profits again and thought that oh ya trading is lovely and easy .. after that a huge loss again taking all your profits !!


Dear friend i am sorry to tell you that you are a YOYO Trader !



What we mean by the YOYO Trader is being up and down in your Equity Curve ( up 50 % down 70 % up 60 % down 50 % ... etc )
and this is actually very common especially in the Forex Market where the existence of Leverage can trick the majority of beginners making them live the Million Dollar Dream .. !!


To have an idea about the YOYO Trader equity curve let's think about the following diagram as we represented the equity curve by numbers between ( + 10 and - 10 ) .on the vertical line and of course time on the horizontal line ..

You see now ha ?

Unfortunately this curve is describing thousands of traders struggling in the trading business but,  let's be positive and think about the possible reasons for that curve .. shall we ? ☺

1 - Missing a plan :

It is obvious that random trading without any kind of taking other scenarios into consideration can lead to catastrophic trading results so, being aware of that should tell you that you really must have a solid well defined Trading Plan for all possible outcomes .

2 - Moving from one trading strategy to another :

Very common Trading Mistake and i think we all fall into that one didn't you ? ☺ so, it is extremely important to spend enough time to test your trading strategy and to have a scientific method to assess your trading method not moving from strategy to another just because you had some loosing trades !

3 - Bad use of Leverage :

Of course it can draw that kind of curves when you misuse the leverage so, it is not something i consider positive that this Forex Broker is offering 1 : 1000 leverage and that one offers whatever !!
Using leverage can increase your profits and can increase your losses as well so Learn How to Estimate your Risks ..

This was just few examples of reasons that make your trading results dancing like a YOYO ! ☺so, my dear friend .. you don't need to suffer from huge losses then huge wins .. etc but all you need is a steady up rising curve .. YES you will have losses and this is the cost of doing business not that you are a bad trader or stuff like that ..


Remember that taking an estimated loss is extremely better than having a series of winners then ONE Big LOSS  that takes all the winners if not the whole account ☺




I hope you all the best and consistent profitable trades .


REGARDS ,, 

Harry Markowitz Interview ( Highlights )

Harry Max Markowitz  who is known as the Father of Portfolio Theory and he won the Noble Prize also .. this is only Highlights  from an interview with Harry and i posted that video just to inform you about this man and more will be posted in the future .. ☺

Timing with Trend Lines and Fibonacci

Trend lines trading is powerful and still works very effectively in Financial Markets and when  you use trend lines in addition to Fibonacci levels and spot areas or zones at which a Fibonacci level intersects with this trend line it is really a strong level to trade with higher odds on your favor ..


The next video is showing few examples to understand this trading technique in more depth ..

Euro can't sleep ^ - ^

When EURO is annoying and can't sleep .. ☺

Marubozu Candlestick Pattern

Marubozu Candle is a term referring to a very big candle ( in relation to other candles on the chart ) with a very little or no tails or shadows .. this type of candlestick patterns is really powerful and means a lot in regard to the price movement .. 


The next video is illustrating the Marubozu Candle with real chart examples and note that these examples were taken from the Indian Market but sure the same concepts apply to any other Financial Markets ..

Sport Tips that Traders Can Use

Dr. Gary Dayton in a very interesting short interview is presenting the similarity between sport athletes and trading as both will need three basic important steps : Preparation, Execution and Review or ( Before , During , After ) Concept .. 

After that Dr. Gary will explain each one of  these three steps ..  Just watch it and think about it ..

4 Tricks That Money Managers Use

You are not different that much when you look at Money Managers as you also need to be a very good manager of your own trading account and this management requires well balanced actions to keep your track on it's success way ..


The next video is giving you 4 tips to protect your capital from being lost including your reaction after taking a loss , your view and understanding of Diversification Concept , Your Risk Comfort Zone , implementing  your trading skills into your trading strategy ..

very beneficial video .. ☺

Flags & Pennants Chart Patterns

Flags & Pennants are very profitable Chart Patterns that offer an excellent Risk Reward Ratio,the following short video is showing you how to spot these patterns and how to measure your profit targets .. also where to place your stop loss .. 


Quick and opening mind video ..

The Concept of Liquidity

Elizabeth Harrow in a quick video is answering a question about the concept of Liquidity and what does it mean .. in the Forex Market the rules are the same and you may feel the meaning of low liquidity at times like the Asian session as there is a very little price movement in pairs like EUR/USD , GBP/USD and USD/CAD .. 

Hope you find it helpful ..

The Biggest Three Day Trading Mistakes

Day Trading offers many chances and profit potentials however, it needs really a level of experience and practice .. in this video you will learn three of the most important Trading Mistakes regarding day trading .. 


These trading mistakes include of course Not having a Trading Plan and listening to Trading signals or recommendations from your Broker and more ..

Are Forex Signals Reliable ?

Forex Signals are actually one of the things you can use in trading the market but, the idea here is that are you fully relying on these signals or not ?


Forex signals can be beneficial to you in many cases and you have to learn how to get the best of them so, the following video is giving you few quick tips regarding the reliability of trading signals and how to use them to boost your trades ..

Backtest in MT4 Explained

Backtesting  in MT4 is a very important advantage you can use to have a basic idea about the validity and accuracy of a trading system , Backtesting is not a final judgment to be sure that this trading strategy or system is what you are looking for but as i said it gives you initial sense and evaluation .. 


The next 2 videos are going to explain MT4 Backtest and illustrating every item in the process of doing your Backtest ..

Staying Focused on Your Trading

Being Focused is something you should develop as a trader to become successful, the main problem for most of traders is that they focus only on money and just money  .. yes i know it is obvious that we all want to make money in trading but focusing on that by itself will not make you money but it will actually make you take the wrong decision on many trades .. 


Stuart McPhee in The next video is showing you quick tips on how to set your focus and how to think about trading ..

Trader's Fantasy .. Too Much Too Soon !!

"  Too Much Too Soon  "..  it is the most expressive sentence describing many beginning traders, dear friend .. I know that we all came here in that business to make money and i know that you are really excited about how much you can make trading the Forex Market .. 





After watching dozens of dishonest ads and how you can make your million dollar in a matter of few months and sometimes few weeks !! .. i give you an excuse to be overexcited but, as you know every thing in our life has rules and if you ignore that i don't think you will reach your goals and make your dream a reality ..


When you make extreme amount of profits on your Demo Account you think that trading is something so easy and you may wonder why all those traders lose ?! .. and once you open your first live trading account you feel that the chart is talking to you saying .. " Welcome to the real world !! " .. i bet you felt that ☺


Dear trader, You have the right to dream about making any kind of money you wish but you must also know that being a consistent profitable trader is something that needs Time, Effort and Well Education otherwise you will be wasting your time in that business and with all respect i don't care how much you have made on a demo account or how much you made on this day or that month simply because trading is a business for your whole life not fun of a day or a month then a Margin Call !! 


May be you started the wrong way or tricked by those silly ads but it's OK , just start to write your Trading Plan, your Money Management  Rules and your Financial Goals .. be aware of them and always take the necessary steps to be closer to your targets and trust me you will if you treat it as a Business not as Gambling 


Finally i wish you all the best in your trading and in your life ☺

REGARDS ,,

Tips on Finding the Best Forex Brokers

As we all know that Forex Brokers in our days became a nightmare for traders so, it is really worth it your time and effort to spend some time and research here and there to gather the maximum amount of information that help and protect you from being cheated by Forex Scams .. 


The next quick video is offering few valuable tips when you choose your Forex Broker so, i hope you listen carefully .. 

 

Other Useful Post :

How to choose a good broker - Currency Trading | Trading Lectures

Ashraf Laidi - Tips To Choose Your Broker | Trading Lectures

How Forex Brokers Make Money ? | Trading Lectures

Van Tharp - Disciplined Trading

Van Tharp is a very famous well respected person in the trading community who presented many Lectures, Audio and Video courses regarding the core process of trading and market psychology ..


In this video Van is presenting his opinion about Traders Mistakes and the psychology behind those kind of unplanned decisions and as usual Van will talk about the extreme importance of Risk and Money Management .. and more in this really beneficial seminar ..

How To Trade Bollinger Band Extremes

In a previous post we discussed How to Trade Bollinger Band Breakout .. in this post you will have a presentation showing you how to trade Bollinger Band Extremes because we all know that the price can actually extend even through the upper or lower bands .. 


We will start this presentation first by mentioning some Bollinger Band problems in trading and how you can avoid these defects then, we will go into the purpose on trading Bollinger Band Extremes .. hope you find it useful .. ☺

Problems with Elliot Wave Theory

Elliot Wave Theory  is of course a very well known science for trading the market .. many traders argue that this science can't make you profitable in trading because of many reasons like that you never see 2 Elliot Wave Analysts are Counting Waves the same way !!


This video is presenting few problems with Elliot Wave analysis and of course the final judgment is yours ..


Personally i don't use Elliot Wave Theory  in my trading and i didn't  take time to study that science simply because i found another way to be profitable in the market and it was the Price Action Trading however, i have to admit that i knew some of my friends who are really successful with Elliot Wave  trading and this means ONE thing which is :


Every Trader has his own way to profit in that market so, Please don't waste your time in argument but listen to all opinions then  make your own decision .. ☺

Importance of Trading Journal

Having a Trading Journal is something that the majority of traders will not respond to however, it is really beneficial to you and your trading experience .. in the next video you will have some basic thoughts of why trading journal is something you should care about and what are the benefits of having a written rules and a written Trading Plan .. quick and useful video .. ☺

Kathy Lien - Secret of Forex Fundamentals

Kathy Lien in a great webinar is discussing the importance of Fundamental analysis and being aware of what is actually going on in different major economies .. terms like Fair Value, Safe Heaven Currencies, High Beta Currencies, Option Expiration, Fx Reserve and more other important terms will be explained during this presentation ..


Kathy also will share some valuable information regarding the Monetary Policy and Monetary Responses via Central Banks and how do they think and act affecting the Financial Markets ..

Carry Trade Explained

Carry Trade is  a form of trading that some traders tend to prefer as a passive income into their trading portfolio and this is done by going long the currency with higher Interest Rate and shorting the currency with the lower interest rate ..


The next short presentation will give you a better idea about the basic concept of Carry Trade and how to benefit from that trading technique ..

See also .. 

Compound Interest Explained | Trading Lectures

Get More Knowledge about Forex Brokers

In this post i would like to share with my dear trader some really important tips and information regarding Forex Brokers and how to choose them .. these videos are presented by Stephen Story and i chose some videos regarding our topic in this post .. 


What you will get is a quick definition for Market Maker Brokers ( MM) and the ECN Brokers in addition to some suggestions for the ECN one and of course you can do your research to get your own favorite .. also you will learn how MM are actually working and why they are taking the opposite positions  of your trades , how to differentiate between a true ECN Broker and the counterfeit ECN Broker .. and more in this video series ..

Other Useful Posts .. 

How to choose a good broker - Currency Trading | Trading Lectures

Ashraf Laidi - Tips To Choose Your Broker | Trading Lectures

How Forex Brokers Make Money ? | Trading Lectures

Ashraf Laidi - Tips To Choose Your Broker

choosing your Forex Broker is really something you should work on from the beginning not after having a problem with your broker so, this quick interview for Ashraf Laidi  is showing some basic few tips regarding the important aspects to look for when you choose your broker and i hope you find it beneficial to you  ..

Other useful post :

How to choose a good broker - Currency Trading | Trading Lectures

Funny Trading Comics .. Change Your Mood

Change Your Mood and watch some funny trading comics .. ☺

Price Channel Trading - Trade Example

Price Channel Trading for me is really a joy .. i personally consider that it is one the most profitable techniques you can use in your trading and get profits in a consistent basis ..


The next video is showing you a trade example using Price Channel and i chose this example because i want you to see how he draw his upper channel line and i personally consider it not accurate as the first touch of the upper channel line should be on the first high not the second one as he did .. and what happened was that the trade started to go against him due to this kind of mistake in my humble opinion .. 


Note : As a trader you should train your eye as much as you can to see dozens if not hundreds of trade examples .. trust me it will make a difference in your trading level and experience ..

Bollinger Bands Trading Strategy

In this simple trading strategy we are using Bollinger Bands in addition to the 50 Simple Moving Average ( SMA ) ..the idea of that strategy can be used as a stand alone strategy or as setups you can add to your trading method .. 


The use of 50 SMA is for defining the trend and the use of Bollinger Bands is for profit target .. other trade characteristics will be presented in the video .. 

Multiple Time Frame Trading - James Chen

James Chen is presenting a wonderful webinar discussing his  concept about Multiple Time Frame Trading , James started his presentation by mentioning the way to enter the market and When  To Exit the Trade .. 


James's method is considered to be a trend following strategy that uses multiple time frames with specific characteristics  including Breakouts as a trigger in addition to using  Technical Indicators for more information like Moving Averages ( 100 - 50 - 30 - 20 - 10 EMA ) .. 

Hope you find it useful .. ☺

How To Setup Multiple Demo Accounts in MT4

Having Multiple Demo Accounts on one trading platform is a very useful trick you can use if you have multiple trading strategies you would like to test .. 


The next video will show you step by step how to create multiple demo accounts using MetaTrader 4 Platform and the steps are the same regardless the name of Forex Broker you use or deal with ..

Fibonacci Numbers and Prediction

This video is discussing whether the use of Fibonacci Levels is actually realistic or not .. the message here is that it is how you use any trading tool not the tool itself that will make you money  or make you have better trading Decision .. 


Very interesting experiment to generate a completely random numbers then plot it on the chart and see how the price will react !!


Note : the purpose of this post is to make you think about the reality of trading not just relying on any tool or indicator without clear understanding of the price behavior ..

Trading with Fibonacci Levels

This Trading Webinar will cover many aspects regarding trading with Fibonacci levels .. we will start first by defining the Fib levels and what are the pros and cons of Fibonacci then, discussing other key levels to be used with Fibonacci to get more powerful trading zones ..


Also we will cover rules for entry and determining target levels in addition to ways to place your stop loss and of course some Money Management and Risk Reword Rules ..

Other useful article :

4 Tips For Using Fibonacci in Trading 

Using RSI Double Bottom To Profit in Forex

The idea of extracting patterns from a technical indicator may be not commonly used in the trading community but anyway these patterns are just like those you see on the chart or by the price action itself ..


The next video is presenting one of these patterns using the RSI Indicator and looking for it's Double Bottom ( W Shape ) on the indicator itself .. and according to the video it is more suitable for short term trading , hope you find it useful ..

Counter Trend Trading Using Price Action

Counter Trend Trading is a kind of trading more suitable for experienced traders .. the next video is presenting a complete trade example using the price action information and how and where to place your Stop Loss Order ..


In addition to the importance of Candlestick Patterns in dealing with your trade either to continue or take profit .. also using the previous Support and Resistance levels with Round Numbers and how powerful was that ..

Tick Chart OR Time Chart ?

During the News time you will find that the price can move extremely fast falling or rising like a crazy .. using Tick Chart  instead of Time Chart during these moments can give you a better look at the market and more clear Price Action Behavior .. 


The next video is trying to show you the idea of using Tick Chart  instead of  Time Chart especially on the short time frames like the 1 Min time frame during times of news report release ..

Understanding Hedging Concept

Hedging is a trading technique not commonly used by traders in the Forex Market .. the main goal of using Hedging techniques is to limit your loss and as a tool for Risk Management .. 


Personally i don't use Hedging in my trading but it is worth it to give you a path .. may be you can benefit and master this technique ( then you will teach me of course .. ^.. ^ )


The next video will give you a simple introduction about Hedging and more will be posted in the future .. ☺

Rob Booker - Commitment of Traders Report

Rob Booker is presenting his own view regarding the COT Report and how it relates to the Forex Market .. Rob is saying that Commitments of Traders Report is useful for Investors but useless for short term traders .. 


Rob is also commenting that the main importance of COT Report is giving him an idea about where the smart money is heading ..

4 Tips For Using Fibonacci in Trading

Hello Dear Trader ..                    


In this article i would like to share with you few tips that can help you in Trading with Fibonacci and enable you to pick the real powerful trades so, without further delay let's get started ..   




Note : Click on any Image for more clear chart 


1 - Choose your wave correctly :



The idea of using Fibonacci Retracement Levels is to search for  a strong move to the up or down side then waiting to enter again with the direction of that move hoping that it will continue so, there is no point if you draw your Fibs in a consolidation area then wait for a price response !!      

2 - Use Round Numbers :  

Since Fibonacci trading involves many psychological factors we should add as much as we can to the power of these factors and Round Numbers is a great trading tool that have a psychological power on the chart especially when a round number is located at the same area of a Fibonacci level .. 

For more information about Round Numbers see the following post :


Trading Round Numbers | Trading Lectures


3 - Search for Fibonacci Clusters :               

 Fibonacci Cluster is nothing  more than 2 or more Fibonacci levels located at the same area or trading zone and this will make that zone or price level more powerful than if it was a single Fibonacci level .. 

4 - Use previous Highs and Lows :




I personally don't like to trade a pure psychological level either it was a Fibonacci Cluster or a Round Number ... etc but, i like to include a reason from the Price Action it self to be more comfortable in taking that trade and definitely  previous Highs and Lows will provide you with great trading opportunities with less risk and more winning probabilities .. 

Finally i hope that these few tips would help you in your trading and having more profitable trades and i also want to say that Fibonacci is really a magic tool when you use it in it's right context so, spend your time and effort to understand this tool in more depth and i believe you will like it .. ☺

Other Helpful Posts ..

Using Fibonacci to determine High Probability Profit Targets 

Understanding Fibonacci Support and Resistance Levels 

Timing Your Exits with Fibonacci Extensions 

REGARDS ,, 

How to use Forex Factory News Calendar

Forex Factory is one of the biggest Forex Trading community offering News Calender that can help you if you are interested in News Trading .. 

The next two videos will teach you how to use Forex Factory news calender and how to read each column in order to be aware of every piece of information shown in front of you .. 

How To Avoid A False Breakout

In this video you will get few tips and ideas regarding how you assess the validity of a  breakout using for example previous Weekly and Monthly Highs and Lows and the context of the prevailing trend .. you can also use your Technical Indicator as CCI or whatever you prefer .. 


Note : Breakout trading is usually not suitable for beginners in my own humble opinion so, you can watch this video to expand your knowledge if you are in the beginning of your trading journey .. ☺

Daryl Guppy Interview

Daryl Guppy in a very interesting interview is sharing his experience with you .. Guppy is a very well known person in the trading community and definitely you can take some ideas to benefit from .. 


Guppy started his interview by talking about the flexibility needed in dealing with your trading strategy and how and when to change your method .. then he referred to the concept of Back Testing  with few tips to achieve a realistic Back Test .. 

Then  Guppy commented on his way of identifying Breakouts and his 3 Rules for real breakout , also his view regarding the Trailing Stop Methods and many many more in this very beneficial interview .... 

Exponential Moving Average

Exponential Moving Average (EMA )  is a commonly used type of Moving Averages in trading any market .. the next video will show you how this type is different than the Simple Moving Average (SMA ) by offering more rapid response or reaction to the Price Action .. 


Also you will see both SMA & EMA signals on the chart which will make it clear for you regarding the accuracy of both of  them in trading .. more will be posted in the future regarding Trading with Moving Averages ..

Using the Market Watch Window in MT4

Dealing with the Market Watch Window in MetaTrader 4 is very important for beginners to have a closer look at your Forex Broker and what is actually offered by it's Trading Platform ..


In the next quick video you will have few tips for using the  Market Watch Window in MT4 which are beneficial to you as i hope .. ☺