Between the lines

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 forward testing, after back testing vigorously over recent months, […]

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 board of client-traders who have decided to share their trading history, for a small fee

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 why the vast majority of us come into retail trading and we want to

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 email who hasn’t experienced the emotion of pain when trading. For the vast

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 since 2008/2009 we’ve witnessed incredible ‘once in a lifetime’ turmoil in our markets.

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 six months now and the question remains is this a long enough period in order to make a realistic

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 seventh in the league having been humiliated by one of their fiercest rivals Liverpool over

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 that you’d have to be an exemplary supreme human

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 Grail”. In medieval legend the Grail was the cup or platter used by Christ at

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 opinion) act differently on their charts to many others. And yet if we ask professional and