In my early 20’s I was working with a salesman who was a semi-professional snooker player, we got onto the subject of snooker and he told me that if we spent approx. three hours of playing together he could drastically alter my whole game and make me a much better player. He reckoned that under […]
How quickly new traders can eradicate their bad mistakes and up their ‘game’. Read More »
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
It’s a tempting situation isn’t it, after perhaps three years of effort you’ve finally begun to find a trading method that works. You’ve stared at charts for years after your day’s work is over. You’ve sneaked a peak at your charts during your lunch break and you’ve often sacrificed a few hours at the weekend,
Many in our community will read our “is the trend still your friend?” article published early every Monday morning. In the article we highlight the preceding week’s major fundamental high impact news events and the coming week’s high impact news events. Then we begin the tricky task of predicting which way the market will move
How many of us traders actually take time out every now and again to evaluate our wellbeing, our physical and mental health? Are there any measurement and metrics we could use to determine if we’re fit enough mentally and psychically to trade? And ultimately does it matter if we’re dog tired and completely stressed
Are you fit enough to trade? Read More »
From the outset of this article there would be little point in stating the obvious; that no trader, sticking to their bullet proof trading plan, should ever take a heavy loss. We know traders should limit their risk per trade to no more than 2%, their loss per day should be limited to 4%, and
How to recover from taking a heavy loss Read More »
We’ve all seen those “you can be a winner in FX trading with the right mentality” articles on broker websites and on trading forums. They’re generally penned with a motivational style approach and usually accompanied by images of well dressed, clean cut, good looking traders, giving each other a ‘high five’ over banks of computers
The majority of retail traders are part time, actually there’s an argument to be had that all full time traders are in fact part time traders, they’re simply pretending to be full time whilst looking busy, as once you’re successful your chart watching time and overall engagement with the market becomes negligible, but that ‘posturing’
I’m probably not alone in occasionally (mentally) re-visiting my first few months of full -time trading. Looking back it was a torrid time. I’d watched the industry I’d dedicated over a decade to, the mortgage industry in the UK, collapse as the 2007/2008 crises hit. Having specialized in creating mortgage leads from websites I knew
It’s no wonder that new traders quickly develop unrealistic ambitions once they’ve committed to enter the FX market as a trader. If they find FX by way of links to various forums, or by searching through search engines such as Google, they’re initially bombarded with adverts promising riches beyond their wildest dreams. And lately, with
