Tag Archives: Forex for Beginners

Constructing a Trade Setup Part 2

In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we build on our previous session where we discussed constructing a complete trade setup from scratch. There are various approaches on how we can execute on these levels and in today’s session we reviewed the setups highlighted last month and follow the progression of a trade- start

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Becoming a Better Trader – Trading Breakouts and Pullbacks, Part II

Today, we discussed several types of pullback scenarios, with three main categories – post-breakout, mid-trend, and after a trend reversal for a counter-trend trade. We covered the various aspects to identifying the highest probability set-ups and took a look at several examples, examining both the analytical and trade management side of these set-ups. Whether you are a new trader building

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Difference Between Dow, Nasdaq, and S&P 500: Major Facts & Opportunities

In the U.S., market participants focus the majority of their attention on three indices – S&P 500, Dow Jones Industrial Average, and Nasdaq 100. These indices are of course highly correlated to one another as they track companies impacted by the same business cycle and other important macroeconomic factors. Additionally, there is some cross-over in the stocks that are included

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Becoming a Better Trader – Trading Breakouts and Pullbacks, Part I

Today, we discussed two general types of breakouts – simple price level breakouts (support/resistance) and those involving various types of chart patterns. Not all set-ups are created equally, with some presenting more attractive risk/reward opportunities. We also discussed a few ways to enter a breakout trade which can help improve the overall risk profile, including where to logically place stop-loss

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Becoming a Better Trader – Utilizing Multiple Time-frames (Video)

Summary In this webinar, we discussed how to use multiple time-frames and take a top-down approach when analyzing markets. This not only helps put the prevailing winds at your back, but can also guide you towards better entries, thus improving the average risk profile of a trade (as we always discuss, risk management is paramount to trading success). We examined

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Constructing a Trade Setup Part 1

See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings. Foundation of Technical Analysis: Building a Trading Strategy– Click here for the complete series and webinar archives In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, construct a complete trade setup from scratch. Starting with a broader outlook

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Foundations of Technical Analysis: Sticking to the Strategy

See these tools & methodology used in practice, Join Michael for his Weekly Strategy Webinar on Monday mornings. Foundation of Technical Analysis: Building a Trading Strategy– the complete series and webinar archives In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we dissect a few of the setups we’ve been trading into the close of the

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Becoming a Better Trader – How to Handle a Drawdown

In this webinar, we discussed the inevitable drawdown (in fact, your account spends a large swath of time underwater), and how to handle both the ‘normal’ variety which occur regularly, and more importantly, the ones which fall under the ‘problematic’ category. We understand the difficulties of trading, which is why we’ve put together a variety of guides designed to help

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