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Trailing Stops are Like Insurance

auto-insurance

[adrotate banner="1"]In forex, trading without a stop loss is pretty dangerous. I remember when a friend and I were trading and suddenly the internet went out. We were freaking out! What was the market doing? Were we losing all of our account balance? If we had placed an immediate stop on the order, we would [...]

What is Metatrader?

MetaTraderPlatform

[adrotate banner="1"]MetaQuotes Software Cooperation developed MetaTrader, a trading API platform which specializes in manufacturing financial markets software. When this was written, the MetaTrader 5 or MT5 was the newest version but MetaTrader 4 or MT4 is used widely still. The MetaTrader package has for brokers, a server backend and for clients, trading terminal. The whole [...]

The Baltic Dry Index – BDI

Baltic Dry Index

[adrotate banner="1"] What is the Baltic Dry Index? The Baltic Dry Index is the daily average of prices to ship raw bulk materials. It is issued daily by the London based Baltic Exchange. The Baltic Exchange acts as the global marketplace for buying and selling shipping contracts. The Baltic Index does not allow speculation like [...]

Stochastic Oscillator

stochastic oscillator

[adrotate banner="1"] What is the Stochastic Oscillator? The Stochastic Oscillator is made up of two moving curves, the slow %D line and the fast %K line. Similar to moving averages and the MACD indicator, the stochastics show buy and sell signals based on the crossing of the lines. There are four variables that make up [...]

Daily Chart Euro Long

euro long

[adrotate banner="1"]After the beating I got yesterday, I am surprising my self that I am back at it again. But today I decided to change things up a bit and take advantage of the London trading time. It seems like they know how to trade technicals. US markets only screw up my good trades. Yesterday’s [...]

Daily Chart EURUSD Wedge and Short

tight trading range

[adrotate banner="1"]What a week it’s been already! First there was a flight to save haven currencies, then the dollar was sold off. The Aussie’s been under pressure even though gold prices have been rising, the US stock market has been seeing some crazy swings and I am trading it all! Posting my daily trades and [...]