As Forex trading becomes increasingly popular, more of your friends will expand their vocabulary...and you don't want to be left behind! Jason Fielder has laid it all out below and is willing/able to answer any of your other questions about Forex via the comment section. So try to stump him in the comments, and check out his Triad Formula if you're ready to take the next step in your Forex trading.
One aspect of trading the Forex, or even talking to Forex traders, that can be really intimidating is that the Forex market has an awful lot of jargon. For those of us who have been trading for years, the jargon comes as second nature. If you’re just getting started, then it’s easy to see how intimidating that can be.
This article will set out to help you get started. There is a lot of Forex lingo, but at least now you’ll be able to jump into the game a little bit more after knowing these common Forex terms:
Continue reading "Speaking Like a Pro: Learn Forex Jargon"
Last week I asked Jason Fielder from TriadFormula.com (who has 2 webinars tomorrow, 2 times 1pm eastern and 8pm eastern that you should check out) to teach us a little bit about scalping! Everyone seemed to enjoy the article so I asked him if he could come back and break down the always hard 'pulling of the trigger'. Please enjoy the article, comment below, and check out one of his webinars tomorrow!
Recently I conducted a survey that had the question: “What is your single biggest question about trading?” There were numerous responses, but one that I kept seeing over and over again was…
"When it comes time to place a trade, I just can’t seem to “pull the trigger”.
In my experience, people have trouble “pulling the trigger” for one reason and one reason only: fear. There are three main issues that generate this fear, and all three issues boil down to the trader’s belief about himself, his trading system, or the market. The first is a trader’s psychology. The second is the trader’s confidence in their trading system, and third is position sizing.
Let’s take a look at each one of these factors…
Continue reading "Pulling the Trigger"