In today forex faq, we have a question from one of our fellow traders asking me the below question Hey KH I have been learning forex trading for near to 5 months now. However when I open my chart, I do not really know which time frame to choose, what to do and what to…
My Overall Strategy Performance For December 2013
First of all, I will like to take this opportunity to wish all of you here in this community a Happy 2014 New Year and hope that you will start to make money from trading this year. I am happy to receive emails from students of my forex course during the New Year telling me…
How To Tell The Exhaustion of a Trend
In today forex faq, we have a great question from one of our fellow traders. Below is the question: How do you know you when the trend has still got some more to go, or phrasing it differently, how do you know you are not too late? First of all, I must say that you…
How to Grow My Forex Account By 400% in 4 Days
In today forex faq, we have a question from one of our fellow traders and below is the question Hi, thanks for the opportunity. I am participating in a trade contest for the first time. I am happy to make a “respectable” 1 to 2.5% daily. The contest is now in its 4th day and…
Best Time Frame To Determine Oversold or Overbought
In today forex faq, we have a question from one of our fellow traders asking the below question. which time frame should we use to determine whether the market is oversold or overbought? when trading for example, the 15 min time frame and the stochastic indicator is showing oversold whereas the higher time frame stochastic…
Golden Rule For Setting Stop Loss
In the forex faq today, we have a question from one of our fellow traders regarding stop loss and target profit. Below is the question: Hi, is there a golden rule for setting S/L T/P ratios on different time frames. What I am sharing with you here is what I usually do and may not…
Trading Forex Without Stop Loss
We have a question regarding stop loss from one of our fellow traders. Below is the question: When I am placing Stop Loss during the trading, I am losing money. But instead of Stop Loss when I am placing only Take Profit Limit and I am gaining money. Am I right in the position or…
Forex Strategy With 1:3 Risk Reward Ratio
In today forex faq, we have a question from our fellow traders asking a question that arises from my previous forex faq on “what is wrong with my forex strategy” Below is the question: How can I base my trading on a 1:3 risk reward ratio when I’m only occasionally able to catch the larger…
Recommended Time Frame For New Trader
In today forex faq, we have a question regarding the time frame to use from a new trader. Below is the question: Which time frame is best for new comer in forex? When I look from 30M to Daily get confused. Please guide. There is no such thing as the best time frame, it depends…
What Is Wrong With My Forex Strategy
In today forex faq, we have a question from one of our fellow traders. Below is the question: I have been trading about 3 months to 4 month So far I have not made any profit.. Actually i have lost about $1000 USD. I use the MACD indicator, moving average time series and stochastic ….