In this piece, we are going to walk through a simple reversal scalping setup that you can use to scalp in-and-out of the market for 10 pips a piece, or more if you want to let the trade run. To help catch a reversal, we are going to use the Relative Strength Index, or RSI, indicator....
How to Profit by Trading Volatility Breakouts
You might have heard that a good, profitable, robust trading strategy which has tended to work well with Forex, commodities, and stocks is a volatility breakout trading strategy. But what exactly is this kind of strategy, how does it work, and why is it attractive to traders who want to m...
Understanding Financial Market Basics
Over the years I’ve written hundreds of articles addressing nearly every aspect of trading that I use regularly (and sometimes less regularly). While much of the feedback has been positive, many readers have commented that my articles are a bit too advanced and that more basic inf...
Introduction to Metatrader4
How to download MT4 and how to install MT4 and links to setting up demo account MT4 and links to setting up real account MT4. When you open a demo or live account with an online Forex broker, you will need to use a trading platform in order to execute trades with that broker. A trad...
MetaTrader 4 User Guide for Beginner Traders
User’s guide to MT4 showing how to set up charts and analytical features in MT4, how to draw technical studies in MT4, how to download and install indicators and expert advisors in MT4, and how to open, close and modify trades in MT4. This lesson will go through the major primary fun...
Forex Seminar
Years ago, everything you needed to know was taught in the classroom, and once you finished your schooling, there was little need for any further education. As the ability to share knowledge has evolved, however, the need to continue for continuing education has increased exponentially. A...
Forex Trading Education
No one wants to be left out of today’s investment markets. Everyone is eager to stretch his dollars beyond the measly interest offered by commercial banking institutions. Why settle for 2% (at best) when it is possible to make 8% or 9% or even more, and do so from the comfort of home? O...
Getting Back to Forex Basics
With all the talk these days about investing, and with everyone eager to ‘beat’ the market, an average trader gets so caught up in the minutia of the process that he gets carried away. This is when mistakes happen- some of them irreversible. By trading blindly, a successful investor c...
Forex Trading for Beginners
At what age should someone be allowed to trade on the financial markets? Legally, a person in the United States has to be over 18 to open an account with a brokerage house. But there are many younger investors who place their trades through their parents’ accounts. In fact, a savvy adol...
Forex Trading for Dummies
Are You a Forex Trading Dummy? Remember years ago when there was a craze where books were popping up for every sort of ‘dummy?’ Windows for dummies, English for dummies, housekeeping for dummies. Once someone was willing to admit he was a ‘dummy’, the world of instructional mat...
Forex Practice Account
Does Practice Make Perfect? How does one go about learning to invest? A more important question would be: is anyone even interested in learning about investing these days? Investing in the markets has always been somewhat of a gamble but of late it has taken on the aura of a Las Vegas ...