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Forex Reviews »

[16 Dec 2007 | 3 Comments | ]

In the world of trading forex ,one of the most difficult things is to find good material to read .Forex forums are good but some of the information you get there is shady to say the least. Forex blogs on the other hand are very hard to find. It is a testament to the ease at which people lose money trading forex. It is nearly impossible to find a forex blog that has been around for more than 3 months consecutively. The reason is simple.
I set up a forex blog …

Forex Trading »

[11 Dec 2007 | 4 Comments | ]

I have talked before about the need for a trader to be realistic and not take forex trading like a game.Take it from me, if I had saved some of the money I have lost trading, I could have bought a few shoes. Now for those who think that this will end as soon as you have been trading for sometime, then think again.
I do not know of any business on this earth where everything is just fantastic, everyday ,every time, any how . Even Donald Trump was bankrupt and …

Forex Trade Setups »

[10 Dec 2007 | 2 Comments | ]

The cornflower trading system is probably one of the best ema based forex systems and has been discussed a lot at the forex factory . I say it’s one of the best because I prefer simplicity in my trading rather than having one million indicators all saying one thing.
It is just a good basic ema crossover system and I like it so far.
It uses four ema’s

8 ema – which is supposed to show the fast money in the market
12 ema – which is supposed to the trend for the past …

Forex Trading Results »

[6 Nov 2007 | 2 Comments | ]

As you know I like keeping my weekly goals simple and forget about trading forex for the rest of the week. Today’s trade was very simple especially considering that yesterday was a choppy day and there were no trade entries.

Forex Trading »

[6 Nov 2007 | 3 Comments | ]

Yesterday we discussed a little about the positive odds in forex trading. Let’s try and compare that to casino gambling. In a casino there is only one game where history has proven that the player can beat the casino, and that game is blackjack. Using a technique of counting cards, the payout rate goes from anywhere from a .97:1 ratioto a 1.05:1, depending of course on how much is wagered and how many highcards are left in the deck compared to low cards.