My Trading Alter-Ego Made Me a Profitable Trader
Are you a born trader? I'm not. I am a terrible trader because I am: 1. Impatient 2. A risk taker 3. I do not plan ahead. But I'm still successful......… More…
About Art of the Chart
At the beginning of each week, I release video analysis showing all the possible trades based on my trading method for the upcoming week. I trade only GBP/JPY and average about 100 pips per week. I take trades based on support and resistance lines, candle patterns, and price action.
My method is very simple but before you trade it you should download my free PDF manual. It is important that you understand how I trade instead of just jumping in blindly when a trade is triggered. The goal is for you to become a consistently profitable trader, so start reading and learning.
Who is Nick B?
Nick Bencino is a professional Forex trader with 5 years experience.
He is also founder of Forex4noobs.com from which he teaches new traders how to trade the Forex market.
Latest Posts
October 2008
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Archives
October 2008 Monthly Archive
This Weeks Analysis
Looking at the GBP/JPY chart right now, I don't see anything I like. Last week, price went one way only, so no scalp line formed, and I hate trading when price is in an area it hasn't been in a while (it's been many years since GBP/JPY has been this low), and I find price behavior to be unpredictable in those situations, even with regular S&R lines. So I am not taking any trade for a couple days at least until some familiarity develops on the charts.… More…
This Weeks Trades
In my last post I gave two short scalp line triggers the 170.40 and the 166.00. Both trades had a target of 50 pips and a stop of 50 pips. Both targets were hit and both trades were successful!… More…
GBP/JPY Weekly Analysis (Wk Strt 19/10/08)
Hey Guys, What a crazy few weeks it's been. The world financial crisis has really done a number on the markets. As a result I pulled back from trading the markets for the past few weeks. Last week we saw some normality return to the markets so I have decided to resume my trading this week.… More…
12 Essential Trading Tips to Make You a Pro Trader
Yes this is a simple one but it has to be said. A man in my position has the pleasure of talking to scores of newbie traders on a daily basis. If there is one thing I have learned it's that most newbies forego the basic training and jump straight into the warzone.… More…
