Between the lines

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

The majority of retail traders are part-time, and we could put forward an argument that even the majority of experienced and successful traders are also part-time. In truth the actual ‘work’ we do on a day to day basis, once you’ve developed a trading plan that you can trade in a disciplined and emotionless manner,

There comes a time, once new traders have overcome many of their (at times) self-imposed initial trading barriers, when their attention finally turns to the reason all of us enter the world of trading; profit. We then began to ask ourselves the key question; “what can we reasonably expect to earn out of trading FX

The term “Holy Grail” crops up regularly in trading discussions. The phrase has come to mean; the discovery of an infallible trading strategy and method that will lead to our trader unlocking a type of trading ‘code’, eventually opening a door leading to untold riches. The search for the Holy Grail is undoubtedly one of

“Don’t think just do” is a phrase often delivered by sports coaches. The implicit suggestion is that on a sports field, during the ‘heat of battle’, it’s often our instincts that we need to be governed by and not any cerebral motivation or stimulation. The athlete is prepared, primed and in a position to react.

In many trading articles and on many trading forums, the concept of moving a stop to break even is often discussed. The concept is fairly straightforward to understand; when you’ve entered a trade, you’ve used a stop and you’ve predicted the trade correction correctly, you then simply move the stop to a ‘break even’ position

The carry trade is a fascinating phenomenon that FX retail traders should familiarize themselves with. Whilst it’s not necessarily a practice that retail traders can directly implement into the market through their trading, institutional traders (who employ the method to great effect) use the practice continually and as a result directly affect the retail trading

New traders will constantly see references to “locking in profits” and “moving stops to break even” and may be slightly confused by the meaning. In this article we’re going to discuss what we mean by locking in profits and later on this week we’ll also enter into discussion on what can be quite a contentious

The question of personality types and their suitability for trading is a fascinating subject that’s often a focal point of discussion amongst trading groups. However, the majority of articles and opinion on personality trading types may be focusing on the wrong key areas… Typically we’ll read opinions that traders have to be: “resilient, persistent, have