The Heartbeat of the Forex

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One thing is for sure. The heartbeat of the forex is strong and exciting, pulsating with life in spite of the people who speak and influence the currency pairs and subsequently the life of the trader.

These power-makers can give scheduled or unscheduled announcements that will have an effect on currency pairs in a negative or a positive way.

Trying to trade the news is a tricky business. It’s one of the things we teach traders not to do at FXGroundworks.com. We ...

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Fractals and Harmonic Pattern Trading

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Fractals and Harmonic Pattern Trading

Examine the tip of your finger and the pattern that forms your fingerprint, knowing that the perfect image created in you, whether the tips of your fingertips or your DNA, is unique.

A drop of water falling into a lake creates an eddy of rings that spreads out like the rings around Saturn. The displacement of water by the force of the droplet spreads evenly in a fractal pattern around the disturbance.

Step out your front door and you’re surrounded by them. ...

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Know when to hold ‘em, know when to fold ‘em?

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Know when to hold ‘em, know when to fold ‘em?

The long-term outcome of gambling is loss.

Gamblers who started the habit in their teens are around three times more likely to remain habitual adult gamblers. Life in general seems to endorse gambling, with lotteries, well-know horse races, dog races; in fact some people will bet on two flies crawling up a wall, if they have a predilection to gamble. Gambling is a very broad problem and is not as clear cut as we think. It is in every walk of ...

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Overcoming the Dream Stealers

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Overcoming the Dream Stealers

So you want to become a harmonic pattern trader. Against all odds, you are working hard to get the method down pat; you are surviving the emotional turmoil and the inner voice that tells you, you can’t do it. How do you survive the external voices of your loved ones and friends who say, ‘why don’t you go and get a real job’? The ones who say, ‘you sit at the computer screen all day doing nothing’… ‘there’s no reason ...

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What Makes a Trader Tick?

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What Makes a Trader Tick?

Mental alertness is a skill we must have as traders, to be able to maintain our edge in trading. This current decade is proving to be a challenging, volatile one in which to trade currency.

To excel as traders, we need to set ourselves some achievable goals and we need to be true to ourselves and truthful with ourselves. If we’ve blown up a trading account, we need to admit it and get on with the process of changing what we ...

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