I remember a spell of making spectacular money week after week. It came early in my trading days when I was young and foolish. So when one particular Thursday rolled around with no loot in the weekly sack I simply entered a long position before an economic report. In some weird and twisted way I […]...
I remember a spell of making spectacular money week after week. It came early in my trading days when I was young and foolish. So when one particular Thursday rolled around with no loot in the weekly sack I simply entered a long position before an economic report. In some weird and twisted way I […]...
I’ve had emails from traders at their wit’s end. The new ESMA regulations have pretty much put them out of business. At least, as far as trading in their ‘old ways’ goes. Personally, I don’t think ESMA is a big deal. At least not for traders following my own trading strategies: we trade in a […]...
I detect a whiff of panic… All these emails I’ve been receiving about the new ESMA regulations. Honestly, you’d think the world was coming to an end or something. And I don’t mean emails I’ve been receiving from TN readers – most of those have been very sensible and enquiring – I mean emails I’ve […]...
I’d like to talk about taking profits today…. I often hear traders say things like ‘you can’t go broke by taking a profit.’ But I disagree. I think the key factor to consider is how much money you might be leaving behind by bailing out too early.Leave too much behind on a regular basis and […]...
Remember that English guy who carried out the ‘biggest military hack of all time’ a few years ago? Gary McKinnon hacked straight into NASA’s systems from his house in Scotland! Luckily he was only on the hunt for photos of flying saucers, but imagine the damage he could have caused with a bit of real […]...
Common sense can be a rare and peculiar beast in today’s digital age. I’m sure you’ve seen those stories of people driving into canals and lakes because the sat-nav in their car told them to ‘turn right!’ Well, it can be a similar case when less responsible traders go after the huge opportunities the markets […]...
When markets cease to function properly, like they do from time to time… (I’m taking SHOCK events that send things spinning out of control) …most players make a run for the exits. They get the hell out and watch from the sidelines until the dust settles. And this has a big effect. The buying and […]...
Reader ‘KN’ asks: “What’s the difference between trading ‘Forex’ and ‘Forex futures’ and when would you use one but not the other?” It’s a good question. What we’re looking at here is ‘Spot Forex’ traded via a spread betting company or a broker V’s the currency futures contracts (typically traded by professional traders on the Chicago […]...
There’s no doubt about it, good trade management is a skill that can only develop through conscious practice. There’s no real short cut other than to expose yourself to the feelings and emotions you’ll go through as you put real money on the line. Unless you have psychopathic tendencies (the good kind!) of course, in […]...
We’re pretty lucky as home-based traders. Almost all the tools we need are free. But, there are small investments you can make in certain ‘performance-enhancing tools’ that can really pay-off. The trick is to know where the point of diminishing returns lies before you decide to spend your money. That means asking yourself: – Am […]...
There’s a ‘not-so-secret’ trick to achieving smooth growth to your trading account that I’d like to tell you about. Let’s start at the very beginning… Imagine a typical ‘advanced beginner’ trader. He’s been out and about in the markets. He’s got a few tales to tell and earned some battle scars. And he’s going alright […]...
I’d like to talk a bit about ‘scalping’ today. Especially since the meaning of the word has shifted somewhat in recent years. “Scalping” can sound a bit intimidating, like you need to be some kind of psychopathic mercenary to do it. And it’s not for everyone, no single way of trading is. But let me […]...
I was watching a good Bruce Parry documentary at the weekend. He goes and lives with the Penan people. They are one of the last pre-agricultural hunter gatherer societies that live nomadically. Now their society may not be ‘advanced’ – at least according to Western measures – but each member knows exactly what he or […]...
A heart-warming message arrives from Rob S: ‘Major Personal Milestone!’ he declares. He goes on to say how he’d achieved a 7% profit on account for the week. And this all coming on the back of a very fast learning curve – Rob started trading from scratch only around 8 weeks ago, as a member of […]...
