No Bullshit Forex Blog, A Part of No Bullshit Network

Courtesy of Forexfactory, this is a really good read.

A large number of traders that I work with express the feeling that they are somehow sabotaging themselves: repeating the same mistakes day after day, giving back valuable profits in a fraction of the time it took to earn them. Their intuition is that there is some kind of pattern to what they’re doing; they’re repeating the same mistakes again and again. They realize that they’re not mentally ill and don’t have a history of out-of-control behavior, so they are understandably confused as to why they can’t stop shooting themselves in the foot.

Read the full post of A Self Help Crash Course for Trader

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Dan on NN explains on a perfect setup he spotted with AUD/USD on the daily chart.

Check it out here.

We’ll bring you more on adding indicators to your Meta Trader 4 as well as touch on some basic ones on the next continuation of the Demo series, which will be good for beginners in if followed in chronological order.

Read the full post of Perfect Pin Bar with Retracement Setup

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This is a real short and simple tutorial on customizing your colors. (Let’s face it, black, green and white is really boring and hard on my eyes)

This is how my trading platform on North Finance Meta Trader 4 looks like:

Read the full post of Customizing MetaTrader 4 Colors, Saving & Loading Template

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These tips are from Traderj from Nobsnetwork. Traderj is a fulltime futures trader, but I find all these views, thoughts and tips are relevant and can be used on trading forex as well. Do read them, and share your views if you have any.

Read the full post of Trading Tips and Thoughts from Nobs Network

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Here comes the next edition of Meta Trader 4 demonstration. Although we will be talking much about the formations of candlesticks instead for this issue.

I will base most of the candle formations on Intro to Candlestick document done by Stockcharts Candlestick Dictionary. Download a copy of the pdf here.

Read the full post of Candlesticks Formation

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Thanks to phildunn for feeding this in at NN. Marketiva is suspending E-gold deposits.

Annoucement from Marketiva

Marketiva has temporarily suspended E-Gold deposits, until the situation with E-Gold exchangers clears. According to an announcement, it could be on or after June 18, and we are hoping to resume accepting E-Gold deposits then. We are currently unable to convert E-Gold to currency in our bank account.

Read the full post of Marketiva suspends E-gold

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Leverage Broken Down
What do these numbers mean? Let us take 100:1 for an example. I’m going to make this as simple as possible with only one formula used. Amount you want to trade divided by the leverage number.

Read the full post of Quick look at Leverage

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Let’s get back to where we’ve ended on the previous tutorial. You’ve learnt how to Buy and Sell with your demo account on Meta Trader 4. Let’s switch the Barcharts to something that’s more fancy, Candlesticks!

Brief History of Candlesticks

Read the full post of Forex Demo - Reading Candlesticks

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For my very first post, I guess I’ll have to introduce myself. The name’s Christian (tianx) and I’ve been dabbling on the forex market for roughly 2-3 years (lost track somewhere down the road. To better understand the things that I’ll be posting on this blog, first you guys must know about me, my trading mentality and methodology. Well… Actually for the me part, that’s not really important so lets move on to the trading mentality part. Contrary to whatever disclaimers out there say about going into the Forex market only with funds you can afford to lose, I prefer to think of the funds that I actually hold as something that I can not afford to lose. This way, the “Video Game” mentality of trading is taken out.

Read the full post of Introducing Christian!

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