Before we discuss this topic, let me give you some important background information. I tend to think of trading systems by the distribution of R-multiples that they generate. And the average R (or mean R) of the system’s R-multiple distribution is the expectancy of the system. It tells you what…
Hank Pruden on "Behavioral Finance" and Technical Analysis
Hank Pruden’s theory of “Behavioral Finance” proposes that human flaws are consistent, measurable and predictable, and being aware of and utilizing this phenomenon can benefit a trader. “For the better part of 30 years, the discipline of finance has been under the thrall of the random walk\cum efficient market hypothesis….
Every Trading System Can Be Described By the R-multiples It Generates
Last week I talked about determine your initial risk for each trade and how you could express your profit and losses as a ratio of that initial risk. I recommended that you always have a bail-out point before you enter into a trade, but if you haven’t done that then…
AVAFX
The very first thing that comes into ones mind when introduced to Ava FX is how easy and friendly their interface is. This is apparent surfing through their website, where all needed information for someone new to this firm is accessible and clear, and is even more so with their trading platform – Ava Trader, where all features are no more than a click away……
xForex
Xforex is a retail forex broker that first opened its doors in Cyprus in 2003 as Trouvia Investments Ltd, but since has expanded to North America. After much investigation this broker seems to be a decent one, with good service, a good platform, and some extra client perks that go above and beyond other brokers.