Forex Candlestick Recognition Cheat Sheet

One of my brokers (IBFX) has a Candlestick Pattern Recognition indicator that can be attached to your charts.  It alerts you when any of the following candlestick patterns arise, and gives advice on what this means to your trading.  While I don’t use these candlestick formations alone to determine my trades, it can be very [...]

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Forex Traders: Can Testing Software Help Your Become A Better Trader?

There must be some reason some Forex traders are more successful than others. Put another way, if two Forex traders were trading the same Forex trading system, why would one gain huge profits and the other struggle to break even? You would think the same system would yield the same results, but it is just [...]

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Mechanical Forex Traders: Are you Losing Money With Each Trade?

Mechanical Forex Traders are great at following rules.  As a matter of fact, that is all they do.  They find a Forex trading system with a set of rules, they set up their charts and they make trades according to the rules of the system. And don’t get me wrong, this is a very safe [...]

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