Archive | Forex

I just lost 100 pips overnight on a GBP/USD trade going Long that in fact went south (Short).

Fantastic tips from the Knowledge to Action’s professional London traders. As a newbie to the world of Forex trading there is a lot to remember but one rule I always remind myself every day is always add in a stop loss to each trade. Never let a trade run without a stop loss in place!

In order to answer this question I have spent in total 9 hours last week reading as many forum posts and blog articles as I can find. Here is what I have found…

Over the last week I have been paper trading using Knowledge to Action’s Income Generator strategy. The market is going sideways so much that I have decided to look at K2A’s “Forex Sniper Trade” which is an intraday strategy as I need to look at other options for trading.

I decided to take a look at the 2nd strategy for Forex trading called “Forex Pivots”. The strategy is intraday (meaning trades are opened and closed during the same session) and is a great way to collect pips! I tried the Forex Pivots last night on the Cable and got myself $15.00 USD for about [...]

The strategy is not dependent on a specific time of the day as there are always price movements in the Forex market to take opportunity on. However I am slowly working out that looking at the market around 8am NZT and after 9pm NZT allows me to take benefit within the overseas sessions.

Last week using the Knowledge to Action Income Generator and Pivot strategies I made around $50.00 USD!