Financial Trading

Is your Forex trader taking the Mick?

By whatbizopp on March 17, 2015

Is your Forex trader taking the Mick?

 Has your broker been using your account to mop-up losses after the Swiss franc hit them hard? (And what might you do if they have?) How have you been getting on with your Forex broker recently? Noticed an unusual drop-off in the performance of your strategy? I know some traders have. Here’s a glimpse into what’s been going on… It’s now 8 weeks after the Swiss franc de-pegging sent a bit of a shockwave through the Forex industry and, as I’m sure you know, some brokers were hit very hard. Alpari and FXCM were both high-profile casualties. And it has to be said, I think the after-effects are still being felt… Many brokers have tightened-up the portfolio of markets they offer – they are now VERY nervous of Forex pairs with currencies openly manipulated by the country’s central bank (things.....

5 steps to managing Forex trading stress

By whatbizopp on March 31, 2015

5 steps to managing Forex trading stress

Control minds like Derren Brown 
 (and why you should start with your own)… Controlling your emotions – that’s all successful trading boils down to…‘Don’t be greedy; work on a fear of pulling the trigger; adjust your position size until it lets you sleep easy at night …’ They are all great pieces of advice. But have you ever stopped to think how emotional responses get triggered in the first place? Delve into the world of psychology and how your brain works and you discover it all revolves around some startlingly simple processes. Really get to know your stuff and you’ll find there are ways of hacking the system and controlling how the brain responds to given situations. It’s how stage hypnotists pull off impressive mind-control effects to the delight of their audience, and how hypnotherapists help people knock nasty.....

How to get back on track after a holiday

By whatbizopp on April 7, 2015

How to get back on track after a holiday

Why a break from the markets can quickly blunt your edge… Plus the 3-step process to sharpen up again! I hope you had a lovely Easter weekend. Not sure about where you are, but I actually saw two consecutive days of sunshine – that’s not a bad result for a holiday weekend here in the UK! The children kept me busy… we had an afternoon at the Roald Dahl museum, a day at Legoland, and then an Easter egg hunt in the grounds of spectacular Powis Castle on the way home. In fact, we squeezed in so much it felt more like we’d been away for a week by the end! So it was great to wind down and ‘decompress’, but it did feel a bit of a shock to the system coming back to business on Tuesday morning. Are.....

Trading without stabilisers

By whatbizopp on April 14, 2015

Trading without stabilisers

Making the move from demo trading… PLUS: how to tell when you’re ready to increase your size… It was a big day for Evie, my 4 year old… After 12 months of frustration, watching her older brothers go whizzing past, she was finally ready to move up into the big leagues herself. Yes, it was time to take the stabilisers off her bike! Of course, there was no way she wanted to take things slowly. No, she was a big girl now. So she set off wheeling her bike to the top of our sloping driveway, swung her leg over the seat and gritted her teeth ready for action. ‘Hmm, okay,’ I thought. ‘It’s probably best she gets a feel for how different this is going to be herself.’ So off she rolled, with me scuttling along behind, hunched over.....

7 common mistakes Forex traders make that sabotage their chance of success

By whatbizopp on April 21, 2015

7 common mistakes Forex traders make that sabotage their chance of success

We’re off on a journey into the dark underbelly of trading today… I’m working on the content for a new trading course at the moment. It’s my take on the essential building blocks of successful trading. And you know, it would be so easy to focus only on the positive…  “Just do this – it almost assures you’ll make money!” Because on one hand effective trading IS very simple… but that doesn’t always mean it’s easy! There are as many ways to complicate the trading process and mess things up as there are traders. But some themes do seem to crop up more often than others. I wanted to get them all laid out in the open today, so I can start work on addressing them. To beat these trading demons means recognising them and then getting to know their.....

The ‘Hound of Hounslow’ reveals his methods

By whatbizopp on April 28, 2015

The ‘Hound of Hounslow’ reveals his methods

“I trade very large but can change my mind in a second… On busier days I 
 can typically do between 4% and 7% of the [entire] eMiniS&P”
 How the ‘Hound of Hounslow’ makes money In case you missed him in the news… Navinder Singh Sarao, an otherwise unassuming 36 year old trader operating from his parent’s house in the London suburbs, was scooped up and arrested last week. He’s currently fighting extradition to the US on charges of single-handedly causing the 2010 ‘flash crash’ in the US equities markets, which wiped £570 billion from the value of US companies inside five minutes. If charged and found guilty on each of the 25 charges brought against him, he could face prison sentences totalling 380 years! Now, by all accounts, he IS a bit of a whizzkid… One of his former.....

8 Metatrader quirks that leave traders scratching their heads (and how to sort them out)

By whatbizopp on May 5, 2015

8 Metatrader quirks that leave traders scratching their heads (and how to sort them out)

I’ve been working with some newer traders recently, taking them right from opening their first account to placing their first trade. A lot of the questions I’m being asked revolve around the use of the Metatrader (MT4) platform. Metatrader is a really solid platform and, best of all, comes bundled free with accounts from almost all reputable brokers. But it does have its quirks. So I’ve been keeping a running list of the most common queries I’m being asked. I thought I’d share my list of Metatrader tips and tricks with you today. If you are a newer trader you might just find the answer to a question that’s on the tip of your tongue. And if you’re a more experienced user should still pick up the odd useful tip. 8 Metatrader tips, tricks, and quirks 1) Why does my.....

2 pivotal lessons teach probability based trading

By whatbizopp on May 12, 2015

2 pivotal lessons teach probability based trading

It’s all about tilting the table in your favour… Before you start looking for the trades Before we get started this week, a quick update for you… I just want to give you a quick heads-up about a secret project I’ve been working on. I’ve not mentioned this before, but so many TN readers have asked me about trading in a particular way I’ve locked myself away and got it all laid out for you in step-by-step detail. I’m just putting the finishing touches to it now, so watch out for updates coming soon… I think you’re going to love this! OK. On with the show… Today, I’d like to tell you about two pivotal lessons in my trading education… 1. Reading Richard Dennis’ famous quote: “I always say you could publish rules in a newspaper and no one would.....

Strategy vs. tactics and the 3 truths of trading

By whatbizopp on May 19, 2015

Strategy vs. tactics and the 3 truths of trading

Why you don’t need to know what’s going to happen next to make money. And 3 more indisputable truths about trading…  Let me tell you all you need to know about successful trading… It’s best to look beyond the markets themselves for the perfect model, so put any aversion to gambling you have to one side for just a moment, and picture yourself walking into a casino… You’ve got a fistful of cash in your hand and you plan to make yourself a nice tidy bundle – around £5k would do nicely, don’t you think? After all, you did it last month. In fact, this is how you plan to support yourself on a permanent basis from now on. It seems so easy! So what do you think your chances of doing your £5k month-on-month actually are? It’s possible I.....

The Missing Pieces You Need to Know About Forex Breakthrough Academy

By whatbizopp on May 26, 2015

The Missing Pieces You Need to Know About Forex Breakthrough Academy

I hope you had a great bank holiday weekend. I spent an exciting few days jumping between jobs in the garden and welcoming new students into the Trader’s Nest Forex Breakthrough Academy! As you might recall from last week, once those niggles with the website log-in system were sorted out (nightmare!) the Academy opened its doors to new students on Friday morning. Now it’s always a bit of a nerve-racking time when you finally release a brand new project, especially when it’s something you’ve put your heart and soul into for such a long time (in fact, there’s almost a little bit of last-minute reluctance to put it out there – to keep your personal methods and techniques private), so it was hugely satisfying to see those early places gobbled up and for traders to start working their way through.....

Trading channels – the hard way, and the easy way

By whatbizopp on February 20, 2014

Trading channels – the hard way, and the easy way

A price that’s bouncing neatly between two levels can be a real gift to traders. Just buy at the bottom of the range… and sell at the top of the range. Easy money! Right? Well, there are certainly great opportunities to make money this way… but turning this simple profit trick into a really successful […]...

Avoid this common breakout mistake

By whatbizopp on January 15, 2014

Avoid this common breakout mistake

I’m in the market for a new winter coat. Nothing fancy – the sort of thing you can walk the dog in, that’ll keep me dry-ish, but won’t get me mistaken for the local scarecrow. While trawling through online sales, Mrs Maven reckoned she’d found just the thing… “But that’s less than 10% off.” I […]...

The 3 big trading trends you need to know about in 2014

By whatbizopp on January 9, 2014

The 3 big trading trends you need to know about in 2014

PLUS: What this market visionary really thinks about Gold Well, Christmas soon came and went didn’t it? And here we are again, markets back to full capacity and a brand new year ahead of us. I sincerely hope you and your family had a lovely Christmas and I wish you a very happy and prosperous 2014! […]...

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