Between the lines

Is price random? The random walk hypothesis, the Philadelphia 76ers basketball team and our debt to Eugene Fama…

If we were to indulge in a sweeping generalization and select a group of people as being totally unsuited to retail trading, then those with a scientific background, or quantitative mathematics background, would probably come closest. These groups could be best described as refusing to accept that price is random. Many become fixated on finding […]

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Not giving up or giving in, keeping your motivation high and what signs to look out for that you’re still on the right track…

As regular readers of our columns will no doubt testify we often have one eye on the new traders in our community when we pen our articles. Having seen so much erroneous advice offered to new traders, on various forums and through other brokers’ websites, we decided to take a stance and offer what we

Not giving up or giving in, keeping your motivation high and what signs to look out for that you’re still on the right track… Read More »

Managing your expectations under the pressure of peer performance

When traders browse trading forums they’ll notice that the forums are generally sub-dived into various sections. You’ll have: general trading discussion, broker discussions, trading journals, platform discussions and the “anything else” sections. But without a doubt the most eagerly viewed sections, generally by a factor of over 50% versus the other sections, tends to be

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Why managing your emotions when trading is essential to your development

Many successful traders will testify that learning to trade was one of the most difficult challenges they’ve experienced in their adult lives. In many ways it’s impossible to fully describe the emotional roller coaster we ride to eventually find a system and strategy that potentially reaps rewards. The journey is incomparable to anything else experienced

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Are you about to give up on your trading method? Perhaps you shouldn’t be too hasty…

The ‘three Ms’ of trading have been referenced many times in our trading blog; our mindset, money management and method are the three critical constituent parts that underpin our overall approach to trading, these three critical success factors are then imprinted in our trading plan which (as we’ve mentioned on numerous occasions) is never violated,

Are you about to give up on your trading method? Perhaps you shouldn’t be too hasty… Read More »

Picking an FX broker; what separates the best from the rest?

We’ve touched on the subject many times of how traders go through a form of ‘trader metamorphosis’ when they first discover trading. Once they’ve discovered the industry they’ll experiment with many different strategies, whilst also experimenting with many different securities to trade. They’ll win some lose some and generally be down, in terms of their

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How accepting that you can’t predict price movement, with any degree of certainty, leads to trader liberation and development…

It’s a sobering thought that one of the most common forms of technical analysis, the candlestick, has been used in ‘markets’ since the 18th century. This cornerstone of analysis has stood the test of time since adopted by modern day traders to attempt to predict which way the markets will move with a degree of

How accepting that you can’t predict price movement, with any degree of certainty, leads to trader liberation and development… Read More »