Category: Trading Articles

The 3 Worst Mistakes All Price Action Traders Make

Making mistakes is all part of the learning process of becoming a successful forex trader provided you always learn something from making a mistake and don’t make the same mistake again. Unfortunately due to the miseducation that’s out there on…

Is Price Action Trading Better Than Using Indicators ?

If you’ve ever spent any length of time in online trading forums, you’ll have noticed there is often a huge argument underway between the traders who think price action trading is the best way of trading the markets, and the…

The First Price Action Trader In History

In today’s article, we’re going to be taking a look at the life and legacy of one of the most famous traders you’ve probably never heard off. This was a trader who not only made a huge amount of money…

What Does Buy The Rumor Sell The Fact Mean ?

Buy the rumor sell the fact is an old trading adage in a similar vein to things like “the trend is your friend” and “don’t trade with money you can’t afford to lose”. Whilst the meanings behind “the trend is…

6 Important Quotes From Bruce Kovner

Bruce Kovner is a hugely successful trader who has been active in the markets since the late 70s. On his first trade he made $25,000 using $3000 he borrowed against his MasterCard. Initially after he placed the trade, his profits…

Pin Bars Do Not Show A Rejection Taking Place In The Market

If you’ve spent any length of time learning about pin bars you’ll know websites and books say the reason why pin bars are said to cause a reversal is because the wick shows a rejection taking place in the market….

The Top 7 Trading Quotes From Richard Dennis

Richard Dennis is one of the most well know traders in the world.  He began trading in the the early 1970s and for 15 years was considered one of the top traders on the planet. Its said over the course…

The 6 Best Quotes From John Paulson

John Paulson may not be as well know as some of the other traders you have read about in books but he remains one of the biggest traders operating in financial markets today. Like George Soros Paul became famous for…

Why Most Candlestick Patterns Are Useless

Candlestick patterns are in use in some way shape or form by the majority of retail traders trading the forex market. The two most well know patterns are the engulfing candle and the pin bar ( often referred to as…