We can’t regular requests from visitors of this site to look at some trade setups that individuals feel qualified high probability trading setups. Often times the high probability trading setups have extremely skewed risk reward levels that essentially make trading strategy impossible to consider. The reason for this write up is to offer new traders [...]

We Pipsters are all pretty decent at something called probability. The majority of traders we hear from unfortunately are not. This is primarily the reason many traders suffer in the long run with trading. Most traders are far more interested in something we like to call ‘instant gratification.’ This is troublesome, because they almost always [...]

For those of you who have read the Forex trading maxim that is “never add to a loser,” the question is, is this maxim of any value? A quick introduction to the idea of averaging either up or down is as follows: the idea behind averaging is to simply add to a position in order [...]

The relationship between Forex trading, or any trading at all, and gambling is one that we professionals are asked to address regularly. I get this question quite often socially. I live a somewhat social life, and have many friends that I dine with regularly. I have friends in all fields, and I must say that [...]

Okay, for the first tip of the week, the following image is going to profile the reason that although we certainly consider price action, we are not beholden to patterns or candlesticks the way many Forex or Currency traders are. The fact is, if you are trading Forex, there is a 99% chance you’re on [...]