Do You REALLY Have What It Takes to Be a Successful Forex Trader?

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Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do – Pele Trading consistently is tough. It challenges you in ways you’ve not likely been tested before. So, what separates the successful traders from the pack? It boils down … Continue reading Do You REALLY Have What It Takes to Be a Successful Forex Trader?

A Primer to Understanding Basic Chart Patterns

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Do technical trading patterns exist and are they profitable? This is a question often asked by new traders. Depending on who you ask, the response will differ. Some academics and investors believe patterns don’t exist – that price action is entirely random, whereas the majority of technical analysts are adamant chart patterns exist and are … Continue reading A Primer to Understanding Basic Chart Patterns

A Primer to Elliot Wave Theory

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In the 1930s, Ralph Nelson Elliot discovered price movements adhere to certain patterns, composed of what Elliot titled: waves, consequently firing the opening shot in a decades-long debate. Fascinating as it is, the theory is a broad and complex topic within the field of technical analysis, invariably taking practitioners years to master. Despite its complexity, … Continue reading A Primer to Elliot Wave Theory

Trading the Forex Market Using Bullish and Bearish Pennants

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Observing sharp moves form in the foreign exchange market followed by periods of consolidation is common viewing. The problem traders have, though, is deciphering whether the pause in market price is the beginnings of a reversal, or a pullback before proceeding on its initial course. A chart pattern that places a framework around this type … Continue reading Trading the Forex Market Using Bullish and Bearish Pennants