Being a professional forex trader has some pretty awesome advantages. One of those advantages is being able to trade anywhere there’s an internet connection. Many traders are familiar with the idea of trading from a local or out of town coffee shop that offers free wi-fi. It’s an amazing convenience that didn’t exist all that long ago. Trading from the coffee shop is cool, but there are some very important things that you as a trader with a live (real money) account need to be aware of. We’re talking about computer transmission security. There are a few safe ways to securely connect to the internet from the coffee shop.
Trading from a coffee shop, a friends house, or in my case the beach on Maui, is what I believe is the best part of price action trading. With price action trading you don’t need a wall of 12 flat screen monitors of various sizes or a large flat screen television screaming the latest financial news. I can grab my laptop and head on out to where ever I want to be. I’m a minimalist, which is why price action trading suits me so well. Clean charts with no distractions on them. Read More