Forex Training Blog

Tired of waiting for things to happen in the forex?  Set-ups can take a while to unfold.  In the meantime, what to do if you have a need for speed?  Well, stress no more, for I have the answer in this short video: http://www.forexmentor.com/forex-trading-videos/ 

You will see how the 5 minute chart can be used quite effectively during periods of stale price action.  It’s almost too good to be true how just two indicators on that chart can get you the action – and profits – you’ve been waiting for.
Have a great day!

Peter Bain
www.forexmentor.com 

Conventional wisdom says that you should trade with stops.  No argument there.  It goes on to say that trailing stops might not be a bad idea either.  But, not so fast on that one.  When you enter a day trade, based on a confluence of events, price will invariably come back to test your point of entry – as in, perhaps, a bona fide trendline break. 

Yeah, in theory, trailing stops sounds like a good thing to do, but that idea is usually espoused by pure theorists who have never executed a trade in their lives, and haven’t got the foggiest idea what they’re talking about.  Armchair quarterbacks I call them. 

Check out my video, and I’ll show you what I mean: 
http://www.forexmentor.com/forex-trading-videos/Jan2109.htm
Then, maybe you’ll think twice about trailing stops.

Have a great day!

Peter Bain
forexmentor.com