ForexSpirit

Over the Christmas holidays I read Enhancing Trader Performance by Brett Steenbarger. This is definitely one of the better trading books I’ve read over the years. One of the key concepts of the book is that reviewing your trading performance is a vital steps in becoming a better trader.
During the years that [...]

Over the holidays I found out that Richard McCall had been charged and convicted of fraud by the CFTC back in 2006/7.
I had always thought highly of Richard McCall after reading his Way of the Warrior-Trader book and watching his educational videos. He always struck me as more of a teacher or coach than [...]

I consider the Cyrox forum to be one of the more interesting scalping forums out there. One of the recommendations I just don’t really understand espoused by Trollmann is that you should monitor the unrealised profit and loss (uP&L) of an open trade instead of the pip value of your position.
Thus, instead of seeing [...]

Today was a tough day. I didn’t have a strong feel on direction so was more open to switching my bias as price action unfolded.
I got whipsawed on trades 2, 4 and 5 as price was entwined around 1.4635. I’m happy with taking the loss on trade 2 and breaking even [...]

I’m sure that just about every trader, or at least those who venture to read a trading book or browse a trading website, comes across Leonard Fibonacci and the series of numbers that are forever linked to his name.
It’s third grade stuff at the Babypips school, just after support and resistance and even before moving [...]