Between the lines

When we pose the question to a group of traders; “what were your most memorable trades?” we’re often met with a variety of answers which mainly depend on where traders are on their personal development learning curve. The answers that we’ll receive back from: new traders, traders who have just begun to develop a trading […]

The reasons why each and every trade should be taken with a stop loss is a subject we’ve covered in these columns previously. But occasionally, particularly for our newest readers, it’s worth reminding ourselves why we should use stops on each and every trade. Quite simply if we accept the notion that our business is

In the early stages of our personal trader development it can be quite difficult to move past our initial belief that the vast majority of our trades have to be successful in order for us to be consistently profitable. George Soros; [quote]It’s not about being right or wrong, rather, it’s about how much money you

In this addition to our series on indicators’ discussion we’re going to look at the Renko price indicator. Once we eventually discover it as traders, on our experimental journey as we play around with many indicators in the library that comes with our free broker charting packages, we notice Renko has the peculiar characteristic of

Trading FX can be a lonely business, particularly if we’ve been a full time employer and have eventually, after years of hard work and effort, finally taken the step to become a full time trader. Suddenly we may find that we have hours of time on our hands to fill, so what can we fill

Amongst the many inevitabilities in our trading world is that we’ll never pick the exact bottom and top of any market move. In the perfect situation (that exists in our ‘mind’s eye’) we’d drill right down to a five minute chart to pinpoint the exact moment market sentiment turns and would ride that momentum swing

There are several reasons why we simplify the wording and concepts in our weekly “is the trend still your friend?” article for our readership. The main one being that we have to create an article appealing to all abilities with particular attention being focused on new traders. There’s little point in us over complicating the

In this article we’re going to discuss the simple method for making decisions regarding the control of risk when we’re operating a ‘scalping technique’. And for the benefit of doubt (and for the purpose of this article) we’ll be referring to scalpers as short term traders; typically these will be traders operating off low time

From time to time it’s worth peering into the minds of some of the: ‘legendary’ traders, essayists and thinkers in our trading world, in order to see what their thoughts are on many of the aspects of trading we experience on a day to day basis. Of particular relevance is their ability to simply cut

Let’s be honest none of us actually enjoy the feeling of losing at anything we put our effort into, whether it be a competitive sport, a game, or ‘betting’ on the markets. However, one thing is for certain in trading, or betting on the markets, is that we will lose and we’ll lose quite often.