Forex Tips and Tricks –  Keeping It
Simple To Be Successful

There was some encouraging economic news for the UK overnight, but a trade setup for a GBP short followed – for those that were patient. An issue that arises for traders is… we have other obligations and need to leave our trading desks.   I had not reached my...

Sunday/Monday trading tends to be erratic – especially during the summer and holiday periods.  I prefer not to trade Sundays/Mondays because the setups have a lower probability of being successful…no point in starting the week off on the wrong foot.  After a week...

Avoid trading around major news releases and Non-Farm Employment Change is a Big One! When I first asked my mentor a number of years ago, about trading around major news events, he told me, “not to stand in front of an oncoming locomotive”.  He trades in the tens...

Happy Independence Day to America. The GBP moved down nicely overnight. Some trades are a lot easier than others.Questions are welcomed. Great trading! Michael Filed Under: Forex...

The CAD pair weakens with the move up in Oil.  The Canadian dollar strengthens on higher oil prices causing the US dollar to weaken in this pair.  Tighter ranges this week until Thursday with the holidays in Canada yesterday and the US tomorrow.Questions are always...

“It’s never a good idea to chase a trade” – is what my mentor always told me. Be patient…wait for the pullback or find another pair still setting up and trade it. He only takes trades of 3:1 Reward to Risk ratio or greater. Plan your trades in advance, be...

The GBP had a very familiar setup overnight.  This trade setup occurs with great frequency.  Train your eyes to look for it and you will be rewarded.  Spend some time going back over charts and you will see it many times! Please check out other chart examples for...

CHF moved up overnight – Do not be a breakout buyer… Questions are welcomed. Email Michael@privateforexcoaching.com Great trading. Filed Under: Forex...