I can't lift heavy weights anymore, actually that needs re-phrasing, I could, but I've made the conscious choice not to. Once I passed forty I gradually came to the realisation and took the decision that any potential ongoing damage to my body was not worth the continued effort. What seemed like permanent back strain just […]
Ganbatte – Nana Korobi Ya Oki Read More »
So you're deep in the jaws of a drawdown and you sit there staring at the monitor wondering; "how did I get here?" You look at the charts, the account balance, back to the charts, the account balance and then the reality hits; it's gone, it ain't coming back and it'll take a real fight
"They used to tell me I was building a dream, and so I followed the mob, When there was earth to plow, or guns to bear, I was always there right on the job. They used to tell me I was building a dream, with peace and glory ahead, Why should I be standing in
Brother, Can You Spare A Dime? Read More »
The usual question relating to using a demo account normally consists of how long to remain in demo account before moving up to trading the real market with real money. However, there are overlooked benefits of using demo accounts over and above that one dimensional question and the fact that many experienced and profitable forex
[quote]Plan the trades and trade the plan[/quote] How often do we read or hear this title without really contemplating the full meaning? It's become such a glib and over used phrase in our wider industry that most traders, (particularly those new to the industry), fail to realise the full impact of the phrase or the
Fail to Plan and You Plan to Fail Read More »
The word "drawdown" is one, (if not the most), negative words used in the trading industry. Despite the inevitability of us experiencing drawdowns during our trading career its symmetric relationship with the words "failure" and "loss" make it a difficult concept to contend with. It not only 'hurts' the trader's account, but also inflicts psychological
Be Quick on the Draw in Order to Draw a Line Under Your Drawdown Read More »
Having discussed at length the position size calculator in a previous article, we thought it might be an opportune time to discuss other forex tools which should prove useful as part of your armoury of weapons to take on the FX market. These tools fall outside the normal scope available from your FX broker and
Picking the Right Forex Tools to Aid Your Trading Progress Read More »
As Forex traders we have to come to terms with the elements of trading that are completely out of our control. In order to progress we have to accept, (even begin to embrace), that lack of control very early on in our personal trading evolution. Price is obviously the most prominent trading factor bar none
The Mathematics of Money Management in Forex Trading Read More »
I had an interesting experience recently, I shared my computer screens with a contact during a 'web ex' meeting and demonstration. If you're not familiar with this type of on line demonstration it's fascinating; you join an online meeting were you share the information displayed on the screen/s and if you give your permission the
Traders, You Have to Go There to Come Back Read More »
[quote]It’s a race, it’s a chase, hurry up and feed their face! Who will win? No one knows! Feed the hungry hip-ip-pos! Hungry hungry hippos! (open up and there it goes!)[/quote] With the advent of web sites such as the original friends re-united website and lately Facebook it's become relatively straightforward to track down many
Hungry Hippos and Quantitative Easing Read More »
