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Apr 1, 14 •
2922 Views •
Between the lines •
Maria Iacob
Comments Off on System hopping can kill your account balance more quickly than poor trading
So we worked on our trading plan over several months, we honed the critical three Ms of: mind-set, money management and method. And arguably the fourth M; our motivation, was also at a high, given that we were convinced that our method, tried out in demo...
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Mar 28, 14 •
3057 Views •
Between the lines •
Maria Iacob
Comments Off on How copy trading can provide an excellent interim learning method for traders suffering from a crisis of confidence, or profitability, or both
Copy trading is a relatively new phenomenon in our trading world and as a consequence it’s still very much misunderstood and often maligned. The procedure and process is very straightforward; many brokers, who offer copy trading services, have a leader...
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Mar 27, 14 •
4504 Views •
Between the lines •
Maria Iacob
Comments Off on Making a part time living from FX trading, can we make a reasonable return from an approx. €10K account, can raising our risk deliver the account size we need to trade full time?
From time to time it’s worth reminding ourselves why we came into this industry and in doing so we’ll hopefully redefine our vigour, our purpose and personal targets. There is no disguising, or any added sophistication needed in order to explain...
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Mar 26, 14 •
3838 Views •
Between the lines •
Maria Iacob
Comments Off on How a ‘set and forget’ strategy lessens trader pain and how it can work for a high probability set up method
There is one aspect of trading that none of us are prepared for once we discover trading and immerse ourselves in the process – trader pain. There isn’t a trader we’ve met through the years, conversed with over the telephone, or through...
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Mar 25, 14 •
3004 Views •
Between the lines •
Maria Iacob
Comments Off on Five barriers to our success as traders, that are easy to overcome once we’ve spotted them
The majority of readers of blogs and forums are relatively new to trading, in as much as they’ve been trading for less than five years. During that time they’ll have experienced just about every market condition the markets can create. In fact...
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Mar 21, 14 •
3099 Views •
Between the lines •
Maria Iacob
Comments Off on So we’ve developed a winning trading method and strategy, after we’ve back tested it, what do we do next?
We’ve devised a method that ‘works’ well; the drawdowns are minimal, the losses are small and very manageable. Like any trading method it experiences short, but manageable losing streaks. We’ve back tested the method for approximately...
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Mar 20, 14 •
3133 Views •
Between the lines •
Maria Iacob
Comments Off on How do we get that winners’ mentality back?
There’s a strange phenomenon taking place in the UK’s premiership title race at the moment and its relevance to our trading world will become apparent as we expand this article. The current champions of the league, Manchester United, are lying...
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Mar 19, 14 •
2867 Views •
Between the lines •
Maria Iacob
Comments Off on So you’re a new trader and losing money, here’s what we can do to help you turn that around and quickly
There are many figures published regarding the win loss ratio of traders. Some writers and publishers put the losing rate as high as 95%, certain brokers cite a 75% losing rate, others will suggest that it’s much smaller, at perhaps 50%. What is for sure is...
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Mar 18, 14 •
2896 Views •
Between the lines •
Maria Iacob
Comments Off on There is a ‘Holy Grail’ of trading is, but it’s not as we’d imagined it to be
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...
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Mar 14, 14 •
3758 Views •
Between the lines •
Maria Iacob
Comments Off on What currency pairs should we trade and why we’re ‘programmed’ to see chart patterns where they don’t actually exist
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...
