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Why Setting Goals As A Forex Trader Is Critical To Your Long-Term Success

Why Setting Goals As A Forex Trader Is Critical To Your Long-Term Success

by Robert Castillo | Jan 31, 2023 | Mindset, Productivity

The Importance of Setting Specific and Measurable Goals in Forex Trading You’ve likely heard of the acronym SMART as in SMART goal setting. This pertains to setting specific, measurable, attainable, realistic, and time-bound goals. This is how we like to operate at...
5 Backtesting Exercises For Developing Your Forex Trading Edge

5 Backtesting Exercises For Developing Your Forex Trading Edge

by Robert Castillo | Jan 17, 2023 | Productivity, Trading

As a forex trader it’s imperative that you spend time honing your edge and practicing your strategy by backtesting regularly. The best way to develop and refine your edge is to use bar replay to measure the efficacy of your strategy when executed by you (the...
Correctly Setting Goals As A Forex Trader And How To Achieve Them

Correctly Setting Goals As A Forex Trader And How To Achieve Them

by Robert Castillo | Nov 28, 2022 | Mindset, Productivity

With us having run a forex trading community for the past two years, we’ve seen first hand what beliefs and expectations are commonly held in regard to goals and desires for up and coming forex traders.  It’s standard for people to come into the game with an...
What Kind Of Gear Do I Need To Trade Forex?

What Kind Of Gear Do I Need To Trade Forex?

by Robert Castillo | Nov 28, 2022 | Productivity, Trading

This is a common question we get here at Phantom Trading. “What computer, tools, software, do I need to get started in trading?” And so we figured it’d make sense to put it into a simple and easy to follow guide here for you to resort to! Off the bat though, we need...
What Is Price Action Trading? | Forex Price Action | Phantom Trading

What Is Price Action Trading? | Forex Price Action | Phantom Trading

by Robert Castillo | Oct 27, 2022 | Productivity, Trading

What Is Price Action? Price action is the movement of the price of a security (including stocks, indices, and currency pairs) over time. Price action is commonly used amongst traders that employ technical analysis to make predictions about where the market will go...
What Are The Forex Market Hours? | Forex Sessions

What Are The Forex Market Hours? | Forex Sessions

by Robert Castillo | Oct 27, 2022 | Productivity, Trading

What Are The Forex Market Hours? The forex market is actually open 24 hours a day, 5 days a week (on weekdays), and is closed on weekends. The market opens at 5:00 PM EST on Sunday, and closes on Friday at 5:00 PM EST on Fridays, meaning the market stays open for a...
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