Financial Trading

5 first-steps for brand new traders

5 first-steps for brand new traders

If you’ve been trading for a while you’ll know it’s possible to trade comfortably from home around a day-job… And, if I have been doing my job properly, you’ll know my material — both on the Trader’s Nest website, and inside my members-only products — is very much geared towards simple and clear explanations of […]...

The truth about trading and gambling

The truth about trading and gambling

  So, you’re headed to the casino and your plan is to make a stack of £5k at the roulette table. In fact, this is how you plan to support yourself on a permanent basis from now on. What do you think your chances of gambling your way to £5k actually are? It’s possible I […]...

5 mistakes that kill good trades

5 mistakes that kill good trades

I remember it very well. Autumn 2006. It was a Friday. Rumours were circulating of big stop orders on the current T-Bond market price and the big players were going to go after them. All I had to do was jump in and get involved too. The information was solid, they DID go after those […]...

Chart Patterns V’s Number crunching – which analysis is best?

Chart Patterns V’s Number crunching – which analysis is best?

Let me show you how to make economic data work for you… Even if the thought of all those dull statistics makes you feel like nodding off to sleep! First things first, would you agree that to make money as a trader you must have an opinion, that you need to commit one way or the […]...

Two “Power-Habits” That Every Trader Needs

So last week we looked at the 7 ‘meta-habits’ I believe are essential for effective trading. They were: 1) Respecting that the market is never wrong 2) Trading for consistency instead of accuracy 3) Keeping your expectations realistic 4) Sticking at it! 5) Knowing when not to trade 6) Always position-sizing your trades 7) Taking […]...

A complete ‘operating system’ for effective trading

Let me remind you of the 7 Habits of Highly Incompetent Traders, we first looked at them last week: 7 Habits of Highly Incompetent Traders 1) They don’t respect the market 2) They trade for accuracy instead of consistency 3) They have unrealistic expectations 4) They give up too soon 5) They overtrade 6) They […]...

7 habits of highly incompetent traders

So, over the next few weeks we’re going to be looking at effective habits for traders. Any long term result in life – including successful trading – will almost certainly come from a build-up of the many small steps and actions you take along the way. But I believe a common mistake many people make […]...

The 80/20 short cut to learning any new skill

The 80/20 short cut to learning any new skill

  Well, I finally took the plunge… After being pestered to death by my two boys I bought a laptop for them to do their homework on… Of course, this can be roughly translated into boy-speak as “play as many games as we can get away with and do a bit of homework when we […]...

How to use ‘Cold War’ mind power in your trading

How to use ‘Cold War’ mind power in your trading

Back in the early eighties, when I was around 8 or 9 years old, we lived a few miles away from a town called Northwich that had a huge chemical works at its centre.  It was actually the birthplace of the Brunner Mond company, which later became Imperial Chemical Industries. This was a time when the […]...

The First Hard Lesson I Learned as a Trader

The First Hard Lesson I Learned as a Trader

Once upon a time I made myself a ‘million-pound spreadsheet’. It was a beauty to behold. I plotted a graph projecting a rapidly growing trading bank and I virtually worshiped the thing. I could probably dig it up on an old hard drive somewhere. And you know what, for my very first 8 weeks of […]...

5 signs you’re gambling not trading

I’ve just spent an entertaining evening teaching the evils of gambling to my two boys… At the weekend my eldest asked what a casino was. There had been something on TV about Caesar’s Palace in Las Vegas that caught his eye. And then after dinner last night we were playing heads and tails with a […]...

How to Trade & Profit With Japanese ‘Brick’ Charts

How to Trade & Profit With Japanese ‘Brick’ Charts

Guest article from Renko Trader’s Jason Alexander Congratulations! You’re about to discover a charting method that finally removes all of the noise and confusion of regular charts. The Renko chart is a simple yet precise tool from Japan. It’s a form of candlestick chart and takes its name from ‘Renga’, the Japanese word for brick. […]...

Sharpen your steel in flat Christmas markets

Sharpen your steel in flat Christmas markets

Let’s be honest, it’s so tempting to stay focused on finding entry points for trades… But how much time do you spend considering your management of open positions? It’s a weird one because the management of your trades is where you’ll almost always find (or lose) the discipline that makes or breaks your campaign. But […]...

5 questions to ask yourself when considering upping your trading account

5 questions to ask yourself when considering upping your trading account

There’s a bit of a learning curve you must go through with any skill worth learning. And trading is no different. A typical experience might be for a newbie trader to learn a trading strategy, apply it to a demo account (or paper trade it) and then take it live once he’s seen his virtual profits rack-up over a week or two. And that’s a perfectly sensible way to go about things. But… problems can soon arise as soon as REAL MONEY appears in the equation. It’s a strange phenomenon because in theory nothing has really changed… the markets still behave the same, the execution of trades is still carried out in the same way on the brokers software, the strategy rules are still valid… So why don’t all traders make the move from demo trading to live trading and.....

5 questions to ask yourself when considering upping your trading account

5 questions to ask yourself when considering upping your trading account

There’s a bit of a learning curve you must go through with any skill worth learning. And trading is no different. A typical experience might be for a newbie trader to learn a trading strategy, apply it to a demo account (or paper trade it) and then take it live once he’s seen his virtual profits rack-up over a week or two. And that’s a perfectly sensible way to go about things. But… problems can soon arise as soon as REAL MONEY appears in the equation. It’s a strange phenomenon because in theory nothing has really changed… the markets still behave the same, the execution of trades is still carried out in the same way on the brokers software, the strategy rules are still valid… So why don’t all traders make the move from demo trading to live trading and.....

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