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Premier Trader University – Online Trading Courses Blog - Archives

About Coach Shane

A Forex analyst, Shane got started in Forex mostly due to the low initial capital required, and diversifies with both day and swing trading. Shane lives in Toronto, Canada.
Author Archive | Coach Shane
Market Price Action

3 Forex Trading Tips To Ignite Your Trading Results

3 FX Trading Tips To Improve Your Trading by Shane Daly   When Forex trading became open to the average retail trader, it brought out the sharks just looking to part the dreamers of a better life from their money. Trading currencies was made to look easy and many people lost their money by following Forex trading […]

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21-period ATR applied to chart. Average range is observed (166 pips)

ATR: Keep Expectations in Reality

We have seen some very crazy moves in the currency markets. It does not take a genius to realize that volatility is up. The ATR (average true range) has really increased in many of the popular currency pairs. This can be a major drawback especially for the inexperienced trader. They see these big sweeping moves […]

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indicator

What Indicator Do You Use?

If you could ask a successful trader one question, what would it be?  I can guarantee that the majority of people would ask exactly what I used for the title of this article: “What Indicator Do You Use?” As an exercise, pop into any of the trading forums that are on the Internet, head over […]

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The Hard and Fast Rules of Trading

Are the Hard and Fast Rules of Trading… Really That Hard and Fast? After my recent webinar held with NetPicks, I have and continue to receive quite a few emails. The questions are all over the map but two show up in just about every single email: What is the risk/reward ratio? How much to […]

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Diversify Your Trading Approach

Sometimes in talking to traders you hear things such as “I trade the Dow.”  “I trade the NQ.”  These traders focus their attention on one market.  As well, they will usually call themselves either a scalper or a day trader.  There is nothing wrong with keeping laser-focus on a particular style or market but I […]

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Make Trading Losses A Positive Outcome

It is interesting to see how individual traders approach this business.  Of course there are different methods and ways to trade but I am talking about the mindset.  I think that is the number one criteria that can predict the ultimate success or failure of a trader. When I first started trading, I did hear […]

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Trading Chart

Increase Your Odds of a Winning Trade

As traders, one thing we love to do is trade.  I am not trying to be glib but the thing that we love to do can also be a curse.  Let me explain. Trading is nothing like any other job out there.  If someone that works in an office shows up for work and just […]

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Follow These 4 Steps in Trading Rules

Through my relationship with Netpicks I have communicated with many traders and those who are interested in undertaking the path to being a trader.  The number of people who are not equipped for the road leading to trading success is quite stunning.  To be honest, that is not as stunning as those that think they […]

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