In this episode of Truth About FX, Walter dives into the question of how to use price action trading with forex binaries… as a newbie. He gives some few choice books to help you with patterns and charts and Hugh’s go-to book for options. You will also learn here about this famous “Three Soldiers” and…
EP75: Creating Your Trading Game Plan
In this episode of Truth About FX, Walter dives into having the right mindset and a clear trading game plan. He talks about how to use key indicators for those who identify themselves as price action traders. And did you also know that getting yourself bored can help you make better trading decisions? Find out…
EP74: How to Trade Forex Without Indicators
In this episode of Truth About FX, Walter digs into the subject of trading without using indicators. And, what are the best ways to go about this? He also talks about the pros and cons of using indicators, and how this affects your psychology. Also, did you know that there are three types of traders?…
EP73: How to Build Trading Confidence?
In this episode of Truth About FX, Walter digs into testing trading strategies and just how important it is to carefully manage your exits. He shares his three basic process on how to crack the confidence shell and be able to trust your system when you choose to go live. Hugh also shares some useful…
EP72: Benefits and Risks of Swing Trading vs Day Trading
In this episode of Truth About FX, Walter digs into the advantages and disadvantages between swing trading and day trading. According to him, the success of your trades — and whether you use a broker or not — depends on the movement of the market and when your trades are placed and executed. You will…
EP71: Setting Up Your Risk Limits
In this episode of Truth About FX, Walter digs into timeframes and risk limits. According to him, your risk limits should depend on the timeframe that you are trading. You will also find here a calculator that can greatly hel you in setting your parameters. Download (Duration: 03:06 / 3.56 MB) In This Episode: 00:33 – in…
EP70: How to Choose the Right Timeframe for Forex Trading
In this episode of Truth About FX, Walter talks about catching kangaroos and big shadows. According to Walter, there are different ways but it should always depend on your lifestyle and where you live. He also talks about flagging currency pairs and keeping sticky notes with you. Download (Duration: 06:42/ 7.67 MB) In This Episode: 00:41 –…
EP69: Are Trend Traders Mostly Counter Trend Traders?
In this episode of Truth About FX, Walter digs into the subject of counter trend trading and different between counter trend and trend traders. And, how do you find out which one are you? According to him, each traders differs based on their style and beliefs. Download (Duration: 03:52/ 4.43 MB) In This Episode: 00:40 –…
EP68: Trading Distractions and How to Reduce Them
In this episode of Truth About FX, Walter digs into trading distractions and how to get away from them. He advices on focusing on what you want to achieve and creating your own trading rules. You will also find here an interesting MP3 that can help you trade in the right mindset. Download (Duration: 04:03 / 4.63 MB)…
EP67: Is Trading an Art or Science?
In this episode of Truth About FX, Walter talks about the art and science of trading. Should you stick to what your system’s rules or should you go with your instinct? Walter suggests a little of both. He talks about “conscientiousness” and how knowing this can affect the way you approach trading. Download (Duration: 03:43 / 4.25 MB)…