Between the lines

Shortly after finding our industry and then plunging head first into our unique world and environment, we come across many strange industry terms and references. One term we quickly see referenced on many forums and blogs are the words, “Holy Grail”. In medieval legend the Grail was the cup or platter used by Christ at […]

Many FX blog writers and contributors to FX forums will often quote which FX pairs are their “favorites to trade”. They’ll also often allude to the special characteristics of their favourite currency pairs and how these pairs (in their opinion) act differently on their charts to many others. And yet if we ask professional and

In a recent article we discussed how many of us within our trading community appear to be genetically programmed to struggle with trading. We then went further and questioned whether or not we’re all biologically programmed to suffer some form of cognitive dissonance were trading is concerned, especially given what we need to do in

If we take a cursory look at the majority of FX trading blogs and forums we’ll very quickly note just how many hundreds of thousands of threads and articles are dedicated towards method and moreover the technical analysis that underpins that method. And this despite the (what should be) undisputed fact, that it’s medium to

Trading the markets offers up an incredible insight into our own psychology and that of our peer group, a peer group that we often witness on forums suffering all kinds of self-imposed agonies in their struggles to become successful… It’s hard to explain to friends, or close members of our family not involved in our

Many traders in our community will recall vividly the moment they became interested in technical analysis. Many will testify to the fact that it was moving averages that first peaked their interest. Perhaps we’d placed a 21 day moving average on a daily chart and witnessed how price reacted when it met this virtual barrier.

A “set and forget” strategy is a fairly simply proposition; rather than continually and at times obsessively market (and chart) watch whilst awaiting for our sets up to occur, we instead place orders into the market and allow them to be executed when price reaches our pre-determined levels or, perhaps if we are using an

We’ve mentioned the 3 Ms of trading many times in our blog and various articles; however, it’s worth repeating what they represent for the many new traders who may have stumbled upon our blog. The 3 Ms are; mind set, method and money management. There is a tendency to attempt to rank these essential disciplines

In the overnight/early morning trading session the RBA announced that they were keeping the base interest rate at 2.5% whilst governor Stevens at the bank, in what may be code, stated that the central bank believes that the current conditions overall remain “very accommodative”. This could suggest that further monetary easing is still on the

So the dream is finally realised. We’re in an elite club; we are one of the successful ones. We’ve traded part time over the years and have developed a trading strategy that has finally begun to deliver rewards. And the journey towards becoming consistently hasn’t been easy as we’ve really bruised our hearts and knees