When you first start trading forex, one of the most important things you can do is to keep a forex trading diary. In this diary you will want to make a note of every single trade, both winners and losers, and you should ideally add comments to each one noting why a trade went right and why a trade went wrong.

This is one of the best ways of learning how to  More on Keeping A Forex Trading Diary

It was quite an eventful week on the markets with the UK slashing interest rates by 1.5% and Barack Obama being elected president, and it was quite an eventful trading week for me personally as well with three separate trades being triggered in total.

The first of these was on Monday when both the GBP/USD and the EUR/USD pairs crossed downwards (in terms of the  More on Weekly Trading Update - November 3-7

For several months now I've been thinking that the only way we could avert a full-on recession here in the UK is by cutting interest rates to a manageable level such as 2.0 or 2.5% and today the Bank of England finally look as if they are getting their act together and have decided to take action.

They slashed the base rate from 4.5% to 3.0%, which should hopefully help troubled mortgage holders, that is of course providing that  More on UK Slashes Interest Rates By 1.5% - What Effect Will This Have On The GBP?

Many people spend years looking for a trading system that will make them consistent profits but the fact is that most people ultimately fail to do so. However the truth is that even the most basic of trading systems can be made into a money-making machine if you follow this one simple strategy.

Successful forex trading is all about  More on Here's A Simple Way To Increase Your Forex Trading Profits…

It's only going to be a quick update this week because I only have one trading position to tell you about. I thought I was going to go the whole week without having a trade triggered by my 4 hour system, but thankfully there was a nice set-up earlier today on the EUR/USD pair.

The EMAs that I use crossed downwards on the 4 hour chart overnight before gradually retracing and allowing me to get a good entry point this morning. I screened down to the 2 hour chart and entered close to the  More on Weekly Trading Update - October 27-31