Forex Trading and Miscellaneous

Novice traders are constantly reminded that they need to be a “disciplined trader”, in order to succeed. But how do we define ourselves as disciplined traders, what characteristics, or habits do we need to have (or more likely develop), in order to become this mythical, all knowing disciplined trader? And what’s wrong with the undisciplined […]

Trading is a precise business and occupation. In our industry we constantly have to deal with very small percentages and numbers. And the difference, between success and failure, in our retail trading industry, can be extremely small. We may be risking only 0.5% of our account size per trade, we may have a circuit breaker

The “novice” and “intermediate” level traders will always experiment with technical indicator strategies during their early months and years. And they should experiment, as without trader curiosity it’s impossible to gauge what works and more importantly what works for the individual trader. Trading is a highly personalized business, there is no one single method to

In part one, of this two article series, we discussed how to begin getting ourselves set up to test a trading strategy. We’ve identified the four key groups of technical indicators we’re going to use; a trend following tool, a trend confirmation tool, an overbought/oversold tool and a profit taking tool. Then we drilled down

When you’ve spent the majority of your working life involved in the finance industry (in one form or another), you’ll have met all kinds of fascinating people during your career and life journey. It’s always important to learn from others, as everyone you meet has a story to tell and everyone you meet has a

As we’ve discussed many times, none of us like to lose. As forex traders we’re both curious and competitive, we’re also natural experimenters. If we were extremely cautious, only liked waging on what we think are “sure things”, then we’d never contemplate trading as a hobby, or career. Instead we’d simply leave our spare funds,

The Commodity Channel Index (CCI) is an oscillator indicator which was developed and created by an analyst called Donald Lambert in the 1980’s. The CCI is featured in his respected technical trading book; “Commodities Channel Index, Tools for Trading Cyclical Trends”. Despite part of the title referring to commodities, the indicator has also proved to

Your trading plan is a highly personal document, it’s not for the author of this article, or any other supposed experts, to tell you that it’s “right”, or “wrong”. Whilst some of us will contend that there’s only one way of trading, in order to consistently take money out of our markets, that’s an incorrect