A question arrives from TN reader Paul T: Rich, I trade my own strategy (I leant it from a book and added my own twist). It does work but I can’t seem to get it performing past breakeven. I’ll have a good run and then it always seems to hit a sticky patch where the […]...
A question arrives from TN reader Paul T: Rich, I trade my own strategy (I leant it from a book and added my own twist). It does work but I can’t seem to get it performing past breakeven. I’ll have a good run and then it always seems to hit a sticky patch where the […]...
I must admit, I’ve got a bit of a soft spot for volume. You might have heard me talk about it before. It tends to be followed more closely by futures and stock traders than Forex traders, and it has a certain sentimental appeal to it. Traders like Jesse Livermore and Charles Dow (co founder […]...
I must admit, I’ve got a bit of a soft spot for volume. You might have heard me talk about it before. It tends to be followed more closely by futures and stock traders than Forex traders, and it has a certain sentimental appeal to it. Traders like Jesse Livermore and Charles Dow (co founder […]...
I was flicking through an old trading journal of mine the other day. It’s a bit tattered around the edges but when I look at them now, I can see that those pages contain absolute pearls of wisdom. At the time, I was still desperately trying to figure things out. I’d been reading all the […]...
I’ve been doing some work on trading Mindset this week. It’s for the ‘Campaign Management’ module of my new strategy (more on that to come in a minute). Now traders typically put all their energy and effort into ‘Method.’ You know the kind of thing I mean: Method is the nitty-gritty fine detail of how […]...
Do you know one of the single biggest problems traders face? You might not agree at first glance because it actually sounds like a BENEFIT rather than a potential threat. But it’s been the ruin of many a trader over the years. And it’s a particular threat in today’s world where the ease and convenience […]...
Remember last week I told you about a strategy that had been making 7% per day? Well, it was until it grew to a size too ‘unwieldy.’ And the trader’s own orders began moving the market against them costing valuable pips on both entry and exit. And do you remember me explaining how the strategy […]...
Imagine: you’ve spent weeks, months even, developing a trading strategy. Your back-testing is complete. And on paper this strategy has the potential to make an eye-popping 7% return on account per day. Yes, 7% return on account PER DAY! That’s not 7% per year. Or even 7% per month. Every evening, as you lay your […]...
When you are over prepared you run the risk of ‘marrying’ your market opinion. All that hard work went into doing your analysis – it’s easy to become blinkered to any other possibility but the one you envisage. You may analyse the markets yourself, or you might invest in the picture put forward by a market […]...
You never really know what the market will serve up next. Will it be a profit or will it be a losing trade? Consistent profits actually come from a random pattern of winning trades and losing trades. It’s only when you’ve got a proven system in place you’ll have a good idea of its performance […]...
A question comes in from a TN reader: ‘Aren’t you contradicting yourself when you’re dissing off the peg “forex systems” at the very same time you’re promoting the use of them?’ It’s a fair point, and one that probably needs a bit of explanation. So I suppose my outlook can be stated like this: -> […]...
Back in October I was playing around on a popular charting platform. The software itself is nothing unusual. Anyone can get their hands on it immediately on the internet. In fact, it’s probably the kind of thing you’re using right now to follow the markets. But something I stumbled upon stopped me dead… I found […]...
Happy New Year! I hope you and your family had a happy festive period and didn’t overindulge too much. Anyway, the markets are back in action, and the brokers returned to full and normal hours this week, so it’s back to business… Now, the big thing at this time of year (of course!) is the dreaded […]...
Here’s a question I get asked on a regular basis: How can I fit trading in around my job and still make consistent profits without having to check charts during the day? The good news is there are loads of ways! The trick of course is finding the way that has ‘your name’ on it […]...
