Steve Connell
Steve Connell spent over 17 years working in the finance sector and has experience in a range of financial markets from foreign exchange, commodities to options and futures.
Forex Scalping Explained: Strategies, Risks and Implementation
Scalping is a type of day trading where the aim is to make small profits on a frequent basis. There is no single definition of a scalping strategy.
How to use Pyramid Trading to Build on Winners
Pyramiding is a trading system that drip feeds money into the market, gradually as a trend develops. This strategy has several advantages.
Fading the Fakeout – How to Trade Against False Breakouts
A fading strategy bets against any move that takes the price out of a normal range. Another way of putting it is that fading is a bet on mean reversion.
Simple Forward Collar Strategy
The forward collar is a trade-off strategy where you give up some gains to limit losses. It's useful if you expect an asset to stay range bound.
The Bounce Trade: How to Profit from Price Bounces
Price bounces can be triggered by contact with any kind of support and resistance area. This can be a daily pivot line, a horizontal price support, a moving average line, or a Bollinger band line to name just a few.
SMA and EMA Crossover: Moving Average Trading Strategies
Perhaps one of the simplest trading strategies of all is that of the moving average crossover. Simple and exponential crossover strategies have a wide...
Dangers of the Margin Call and 5 Ways to Protect Yourself
The term “margin call” comes from the days when a brokerage firm would call a client on the phone and ask them to increase...
How to Use Elliott Wave Theory in Forex Trading
Understanding how trends form is obviously vital if you want to time entry and exit points for buying and selling. This makes Elliott theory an interesting model.
How to Recover a Losing Trade and Come Out with a Profit
We all have to deal with losing trades at some point or other. But the question of what to do when this situation arises can pose several challenges. When confronting a losing trade we face three possible choices.
Pitchfork Method for Analyzing Trends and Price Channels
The characteristic “pitchfork pattern” is very common in forex and in other charts. So this is a method that has great practical application.
