Between the lines

You’re not alone if you’ve experienced real ‘down on yourself’ moments in trading. Thoughts of giving up, smashing up your monitors, dropping your laptop from the upstairs windows and watching it crash onto the concrete below, are all thoughts we’ve had from time to time and what’s worse, some of us have turned those thoughts […]

There are several ‘walking on hot coals’ rituals that many novice traders appear determined to experiment with early on in their fledgling careers in order to prove (to themselves) their trading credentials. Attempting to pick the ‘tops and bottoms’ of swing trade price action appears to be one of the most prevalent trials we put

Many trend/swing traders will have been ‘caught short’ during the exponential rise of EUR/USD last Friday December 27th. With hindsight it’s quite straightforward to analyse and pinpoint the reasons for the move which saw the major currency pair gain up to circa 200 pips in a two hour window. Firstly, the Bundesbank head and member

As 2013 ends it’s the perfect time for traders to evaluate many aspects of their trading. In a recent blog post we covered the subject of New Year trading resolutions; we highlighted some of the key improvements traders could make to their trading habits in order to encourage more proficient and profitable trading in 2014.

As the year closes we get an opportunity as traders to assess what we’ve achieved during the year. Not just in monetary terms, although that’s the primary reason we gravitate towards trading – profit, we get to analyse other aspects of our trading which may have represented achievements in the year… Could it be that

We often post up what new and inexperienced should do, as opposed to warnings of not what to do. In this article we’ll compile a list of don’ts, as opposed to a list of do’s. We’ll focus on many of the mistakes and faults traders are guilty of and suggest gentle ‘nudges’ to alter that

There is no debate that indicator based trading actually ‘works’, despite the levels of critique from experienced and successful traders, indicator based trading has stood the test of time. Indicator based trading works particularly well on the daily chart, which is the time frame the creators of the various indicators designed the indicators to work

Yesterday in our article titled; “Managing our emotions when trading; why you ignore this issue at your peril and why dreaming ‘works’”, we discussed how positive imagery can help reinforce positive expectations in our trading. We discussed how setting ourselves ‘imaginary’ but realistic targets can help ward off the many negative thoughts and emotions which

As traders we’re often ‘guilty’ of dreaming where our trading may eventually take us financially. In many respects projecting our ambitions into the future, by using our imagination, is a perfectly healthy occupation. We often like to point out that as retail traders we’re entrepreneurs running a small business and whatever small business we start

Once we’ve traded on demo for a reasonable amount of time to finally test a strategy that we’re convinced has a positive expectancy and as such represents an ‘edge’, we should be adding to and perfecting our trading plan before finally moving up to trading real money. Within that trading plan we should make an