Category Archives: Forex & Trading

The Monty Hall problem and What It Means To Traders

The Monty Hall problem

The Monty Hall problem is a brain teaser, in the form of a probability puzzle, loosely based on the American television game show Let’s Make a Deal and named after its original host, Monty Hall. The problem was originally posed (and solved) in a letter by Steve Selvin to the American Statistician in 1975. It […]

Fibonacci Retracement Explained

fibonacci retracement explained

In technical analysis a Fibonacci retracement is a trading methodology for determining high probability support and resistance levels on a chart. It uses the Fibonacci sequence and that is where its name comes from. A Fibonacci retracement uses the theory that price swings on charts will usually retrace and backfill a mathematical portion of a […]

10 Things A Trader Needs to Give Up If They Want To Make Money

successful trader

It is easy to become obsessed with adding to our trading arsenal with knowledge, books, chart patterns, indicators, moving averages, and gurus, that we forget to analyze what we need to remove from our plan. One of the largest determining factors as to whether a new trader ends up as a winning trader, is how […]

A Guide To Understanding the Psychology of Trading

psychology of trading

The hardest thing about trading is not the math, the method, or the stock picking. It is dealing with the emotions that arise with trading itself along with the ego’s need to be right. From the stress of entering a trade, to the fear of losing the open paper profits that you are holding in […]

Elliott Wave Theory Rules Cheat Sheet

Elliott Wave Theory Rules Cheat Sheet

Here are the Elliott Wave Theory rules showing how each wave tends to work out in comparison to past waves, the key correlations with the Fibonacci levels. and approximately the percentage of time that price tends to stay inside each Fibonacci level. This is a quick reference cheat sheet for those wanting to track Elliott […]

Without this, you will not become a profitable trader

risk management

Yes, this is risk management. Without proper risk management, your trading strategy based on levels, indicators, patterns, etc.will not make any sense.Any trading strategy should be supported by strict risk management, where the maximum allowable losses per transaction and the risk ratio are observed:the profit is always more than 1/2. You don’t have to be […]

The Top Ten Trades of All Time

top 10 trades of all time

What were the greatest trades of all time? Here is the list of the who, what, when, where, and how of the greatest trades in the financial markets were made While the risk management of executing many of these trades is not what many traders would want, we can see many of these as trend […]