We have been getting a lot of questions from newer traders to price action on what is price action and how can one do price action trading. What we are going to cover is the traditional definition of price action, how we approach it differently than others, and how can one trade price action in the forex market.
Just a few days ago, I was talking to someone named Marshall. His dad is the head of a major investment firm which manages over $1Billion. We are in talks with his fathers firm about investing with our fund and Marshall was the first person we were talking to. We got into a really good conversation about the psychology of risk and some great things came out of the conversation. But first, we are going to start with a question;
Have you ever heard of a hedge…Continue
I released a new price action video on how to trade breakouts, how to read price action and the order flow behind it. We also cover some of the key price action elements you can find in breakouts. To learn more, visit the link…
When I am not trading, or preparing for trading, I spend a lot of my time watching professionals, particularly high-level professionals. I find watching any high-level professional in any field gives me tremendous insight into being a professional, how to operate at a high level, and how I can improve my trading.
This week I had a buffet in studying…Continue
Added by 2ndSkiesForex on November 8, 2011 at 12:25am — No Comments
Before anything else, preparation is the key to success.
-Alexander Graham Bell
Many times I talk to my private course students and ask them what they do to prepare for the day's trading. These are the general responses I get;
-Drink a cup of coffee, maybe two
-Check out what announcements are coming out
-Look at the markets and then get ready to trade
And it ends about there. To me, this is somewhat shocking. Perhaps…Continue
Added by 2ndSkiesForex on November 6, 2011 at 10:50pm — No Comments