Between the lines

Selling FX trading to a close relative whilst stressing the positive outcomes

Can readers recall how their closest nearest and dearest relatives reacted when they were told they were considering trading the markets? This author recalls the day as if it were yesterday when he told his wife (over ten years ago) that he was considering “opening up a spread-betting account” in order to trade the DJIA

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Why realistic trading expectations will serve us well in our early days of FX trading and during our future development

There’s nothing wrong with dreaming in our industry, so long as those dreams are realistic. After all, if we weren’t extremely ambitious in relation to our trading then we’d need to quickly find another profession, or hobby. But how do we temper those ambitions in order to set realistic targets and dreams that reaching for

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The strength of trading with the relative strength index – the RSI and how to use it to gauge overbought and oversold conditions

As we move through an explanation and analysis of the indicators that we favour in our “is the trend still your friend?” weekly trading article, we’re now going to look at one of the simplest, most popular and arguably one of the most powerful indicator trading tools there is – the RSI. The simple explanation

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Manual or automated trading, which one is better for you and when should you make the change?

It’s worth taking a step back from our industry from time to time to marvel at the improvements and opportunities that have developed over recent years. Our retail industry as we know it, operating on the web through trading platforms, is only just over 14 years of age and yet in its present form retail

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So we’ve decided to change our overall trading strategy, what to do next. Part two

OK, so yesterday we decided that our strategy wasn’t working and rather than simply condemn it to the trader recycling bin, we subjected it to what we’ve termed our “due diligence failure template” and categorically proved to ourselves (beyond any reasonable doubt) that it would be pointless to continue trying to make a strategy and

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So you want to change your trading strategy, where do you begin and how dramatic should the changes actually be?

We’ve given our current strategy enough time to either work (or fail), so how do we now go about making a clean break and starting with a fresh new ‘shiny’ strategy? And will this gleaming new strategy be any better than the previous one, or are we looking for a change for the sake of

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How the DMI – the directional market indicator, helps swing traders develop their directional skills

If you were holding a trading conference and you gathered a group of traders into a hotel bar for a relaxed conversation on all trading related ‘stuff’, to then ask them to nominate “just one indicator that they could rely on, “but only one”, the answers would be revealing. Firstly you’d have to ban the

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What currency pairs should we trade and why? And are there any ‘exotics’ that we could trade?

It may surprise many traders to realise exactly what currencies are in the basket of currencies that make up the dollar index. Many of us will have made various assumptions as to what’s in and what’s not, so here’s the definitive definition and answer. The US Dollar Index (USDX) is an index (or measure) of

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Trading clichés, the worst, the best and those that are actually valid.Part Two

Yesterday we began a two part article regarding the trading clichés that we’re bombarded with on a regular basis, through forums and blogs in particular. We concentrated on the clichés that we believe fail to stand up to rigorous scrutiny. In part two we’re now going to concentrate on the more positive clichés that manifest

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