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Feeling out of sorts from your recent losses? In keeping these two “truths” about forex trading in mind all the time, you’ll gain a psychological edge and cope with losses better.Here are truths about forex trading that you may have…

Many traders like to use Martingale/Grid strategy, when the price drop , they increase position, sometimes double lost positions, so the floating negative P/L will be immediately reduced.  They hope the price will go up soon,…

Ages ago, horsemen invented blinders to keep their horses focused on their work. Blinders are pieces of leather attached to the horse’s bridle that prevent them from seeing anything except what’s in front of them. Without blinders, a…

INTRODUCTION In this post I will teach you how to backtest the Prop Firm Challenge Manager EA (PFCM) using a free demo FTMO's account and also how to use this same account or any other broker's account to run/test the EA in the…

I remember shelling out big bucks a couple of years ago for one of those mammoth, motorized people transports you and I call an SUV. Boy, that sucker was huge! As I sat in my new (used) car, images of scaling mountains and crossing…

Having a bias is as natural as breathing and eating. Personal judgments – reasonable or not – are entrenched in our everyday activities. You use your biases, for example, to pick a restaurant, a potential date, or the school you want to…

S&P 500, Dollar, EURUSD and Macro Economic Event Risk Talking Points:The Market Perspective: EURUSD Bearish Below 1.08; USDJPY Bullish Above 133; Dow Bearish Below 33,200The global capital markets were showing an unusual amount of…

Australian Dollar, AUD/USD, US dollar, RBA, Lowe, Inflation - Talking Points Recommended by Daniel McCarthy How to Trade AUD/USD The Australian Dollar is in the crosshairs of accelerating domestic price…