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StocksCM Review : Is this a good broker?

StocksCM is a relatively new Forex broker. It offers simple, yet sophisticated trading solutions that will satisfy the needs of each client. So, it doesn’t matter whether you are a beginner or a professional, this broker has something for you. The first thing I always like to see is if there is any specific thing…

Download Forex Halftrend MT4 indicator for free
Download Forex Halftrend MT4 indicator for free
admin October 16, 2020Comments (3)

Do you have a proper trade management?

Proper trade management

Do you have a proper trade management? Your answer might be YES!  Because you know whenever you place a trade, you are sure to place a stop loss and profit target. In fact, that’s how I and every trader do. It’s more like a set-and forget system and it’s a good way to prevent our emotion fromRead More

Khoo Michael January 17, 2016Leave a comment

Trade to Your Best Interest

forex trading

It is the most important concept you must learn in order to become a successful Forex trader. If you can master this skill, you will be able to succeed in this Forex business. But without it, you are bound to fail. It is that simple. If you can learn to trade to your best interest, you will make a lot ofRead More

Khoo Michael December 14, 2014December 14, 2014Leave a comment

We Practice Like We Trade

we practice like we trade

Everyone who want to trade, needs to open a demo account. This goes for experienced traders too; any time you learn a new trading technique, you have to practice it in a demo account first. And when you trade in a demo account, treat it as if it were all the money in the world,Read More

Khoo Michael September 14, 2014September 14, 2014Leave a comment

Making Money with Bollinger Bands

In my past trading days, Bollinger Bands is one of the indicator that I explored to see how I can make money with it. Making money with Bollinger Bands are so simple to use, so intuitive, and so accurate that it always surprises me that a lot Forex traders don’t use them. If you are losing money orRead More

Khoo Michael July 21, 2014Leave a comment

Trade with or without stop-loss

stop loss

To every experienced Forex trader, stop loss is part of their trading strategy. To many who are new in Forex trading, you might not know what stop-loss is. Why is it important? You might even ask should I trade with or without stop-loss. What is Stop-Loss? A stop-loss is an order that closes out your existing trade in order toRead More

Khoo Michael May 13, 2014July 11, 2014Leave a comment

What are the most common Forex trading mistakes?

forex common mistake

Can you remember what are the most common Forex trading mistakes made by you as a newbie? Every trader has gone through this stage and learnt from their mistakes. If you intend to start trading Forex, you better read on to avoid these mistakes. Sometimes, it is easy to say but hard to actually implement. I think itRead More

Khoo Michael April 6, 2014July 11, 2014Leave a comment

Making Money with Support and Resistance

support-resistance

In my trading years, I found that there is another profitable way we can look into. That is making money with support and resistance. Before we go into it, let me simply explain what support and resistance are, for those who are new to Forex trading. You’ll often hear analysts talking about a certain security approachingRead More

Khoo Michael March 18, 2014July 11, 2014Comments (2)

Making Money with Moving Averages

When I started Forex trading, using moving averages is one of the simplest yet effective strategies to trade. Moving averages are very popular trend-following tools. There are 2 types of moving averages that I have tried – Simple Moving Averages (SMA) and Exponential Moving Averages (EMA). Neither one is better than the other but we needRead More

Khoo Michael March 2, 2014July 11, 2014Leave a comment

Cut your losses and let your winners run

Distance run chart

“Cut your losses and let your winners run” This is one advice that you always heard from many Forex experts or articles. So, as a beginner in day trading, we want to know how actually can we apply this strategy and what are the drawbacks that we may face. Most of the time we have this experienceRead More

Khoo Michael January 26, 2014July 11, 2014Leave a comment
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About Michael

MichaelKhoo

Thanks for visiting my site. Here you can learn from what I have learnt over this years as a part-time day trader on my own. If you have any question on what I have shared, leave me a comment. If you want to know more about me, click on my photo. Have a nice day!

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Recent Posts

  • StocksCM Review : Is this a good broker? October 16, 2020
  • Do you have a proper trade management? January 17, 2016
  • Trade to Your Best Interest December 14, 2014
  • We Practice Like We Trade September 14, 2014
  • Making Money with Bollinger Bands July 21, 2014

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