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Jan 22, 14 •
2662 Views •
Between the lines •
Maria Iacob
Comments Off on Letting your winners run, why is it so easy in theory, but equally difficult to put into practice?
There are many clichés regarding trading that (on the face of it) appear extremely easy to implement, but in reality are very difficult to put into practice. “Letting your winners run” and it’s equally important correlated phrase;...
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Jan 21, 14 •
2280 Views •
Between the lines •
Maria Iacob
Comments Off on The dangers of trading around news events when you’re a new trader and how to overcome them
In several of our recent blog entries, when we’ve focused exclusively on trading methods, we’ve highlighted the recent DJIA move on December 18th 2013 as a perfect example of a sudden and violent break to the upside as a consequence of a...
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Jan 17, 14 •
2464 Views •
Between the lines •
Maria Iacob
Comments Off on How much percentage of our account should we risk per trade, should it be variable or fixed and should it be increased in relation to experience?
Discussions regarding how much of our account we should risk on an individual trade are as old (and lively) as the modern day trading industry. Many experienced, successful traders and analysts will suggest a fixed amount of risk, whilst some will suggest...
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Jan 16, 14 •
2914 Views •
Between the lines •
Maria Iacob
Comments Off on Is technical analysis a fallacy, do we see what we want to see?
In the early stages of our career and relationship with trading we endure many baptisms of fire. One of the most exciting ‘trials of trader life’ we endure is shortly after we discover technical analysis. For many of us our discovery of technical...
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Jan 15, 14 •
4279 Views •
Between the lines •
Maria Iacob
2 Comments
Regular readers of our blog, who subscribe to our weekly Sunday evening “is the trend still your friend?” articles, will have noted that we use several of the most popular indicators in our technical analysis. They are (in no particular order);...
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Jan 14, 14 •
2326 Views •
Between the lines •
Maria Iacob
Comments Off on What kind of account size do you need to give FX a real try?
There are many reasons why we become traders; we could be looking for a more exciting destination to place a proportion of our savings. We may be looking to develop a new investment skill; we may need to generate a small part time income in order to cover a...
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Jan 10, 14 •
3018 Views •
Between the lines •
Maria Iacob
Comments Off on Should I stay with manual trading FX or move over to automation?
There comes a time, very early on in a new trader’s development, when thoughts will turn to the subject of automation. Whilst automating trades can have many benefits, which we’ll cover in this article, traders must be absolutely 100% sure that...
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Jan 9, 14 •
2790 Views •
Between the lines •
Maria Iacob
Comments Off on Which news events actually move the markets and how can we use them to good effect?
Each trading day, in our various articles and blog entries, we discuss the medium-high impact news events and any fundamental policy decisions that may move the market. Once traders are past the apprentice stage they’ll quickly realise that it is in...
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Jan 8, 14 •
2653 Views •
Between the lines •
Maria Iacob
Comments Off on The Fibonacci Retracement and its relevance in FX trading, does it offer more than simply ‘mapping’ the market?
There are many aspects of FX trading that elevate us beyond our base level understanding of the usual mathematics involved. These aspects can spark the curious and creative elements which exist in all of us. The use of Fibonacci is one such creative...
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Jan 7, 14 •
2438 Views •
Between the lines •
Maria Iacob
Comments Off on You think you’re hopeless at trading, so what’s wrong and how can you fix it simply and quickly? Part two.
Impatience Why are we so impatient when it comes to trading? We set out in our trading plan exactly when, why and where we’re going to take trades. And yet in the ‘heat of battle’ we’ll close the trades too early, or we’ll enter...