Financial Trading

The deadly dangers of ‘Pip-thinking’

The deadly dangers of ‘Pip-thinking’

Sometimes, traders come to me with a glaring gap in their strategy. One common oversight can be the thing getting in the way of good results. It’s this… Many traders think of their trade results ONLY in terms of pips won or lost. Nothing wrong with that you might think. But the pips mean absolutely […]...

What to do when greed and fear start ruining your trades

What to do when greed and fear start ruining your trades

Do you ever feel you’re not quite in control of your trading actions? Is greed and fear driving your decisions? Let me tell you exactly what signs to look for, and then what to do about it if you do self-diagnose one of these nasty afflictions. 5 ways reckless trading ruins your chance of success […]...

7 trading demons that will steal your soul

7 trading demons that will steal your soul

It’s Halloween tomorrow. So we’re off on a journey into the ‘dark underworld’ of trading… There are many ways to complicate the trading process and mess things up. And I wanted to get them all laid out in the open today. To beat these trading demons means recognising them, and then getting to know their […]...

4 soul-sucking menaces that prey on traders

4 soul-sucking menaces that prey on traders

Lie down on the coach and close your eyes… Rich’s Psychoanalysis clinic for traders is open for business… Let’s see if we can get the bottom of some deeper trading performance issues you might be having. Now I’m sure you’re already aware of the obvious ‘technical’ things you need to pay attention to: your ability […]...

5 ways to reduce trading pressure

5 ways to reduce trading pressure

Imagine you’ve just learned to swing a golf club… You can strike the ball pretty good. 7 times out of 10 it even flies in the approximate direction you wanted. ‘Great stuff,’ you tell yourself, ‘Time to pack my bags and join the professionals on the PGA tour’. But hold on… Because once you move […]...

Lessons From the Farm

Lessons From the Farm

I was talking to a friend the other day that runs an animal feed business. He was telling me how his company has different mills for processing different things. And how one of them – where they are putting in new production line – deals with soybean meal. “Ha,” I said. “I used to trade […]...

The hidden dangers of cherry-picking trades

The hidden dangers of cherry-picking trades

There’s a ‘Golden Phase’ of trading that can happen right at beginning of your journey. It’s where you don’t really know enough yet to have any expectations or feel any kind of frustration. It’s a strange kind of pure state where you totally focus on the mechanics of placing the trades, and not be too […]...

7 rarely heard nuggets of trading wisdom

7 rarely heard nuggets of trading wisdom

It’s a bit of a brain-tangling paradox but see what you make of this: “An act of self preservation in the ‘normal’ world can have the exact opposite effect when you’re trading.” Think about it… We come naturally hard-wired to grasp ‘lucky’ finds. We get an overwhelming urge to stash easily won loot before anyone […]...

How to ‘Iron-out’ 8 common Metatrader troubles

How to ‘Iron-out’ 8 common Metatrader troubles

I’ve been working with some newer traders recently, taking them right from opening their first account to placing their first trade. And a lot of the questions I’m being asked revolve around the use of the Metatrader (MT4) platform. Now Metatrader is a really solid platform and best of all comes bundled free with accounts […]...

How to be an overnight genius ‘numbers’ trader

How to be an overnight genius ‘numbers’ trader

Today, I’m going to show you how to make economic data work for you… Even if the thought of all those dreary numbers makes you feel like nodding off to sleep! (It’ll be well worth the next 5-minutes of your time. I promise.) So, first things first, would you agree that to make money as […]...

The 4 ‘teams’ playing every market (and the tactics they use)

The 4 ‘teams’ playing every market (and the tactics they use)

Here’s why I believe financial trading is the best real-world education you can have: It forces you to deal with reality as it stands. Not what you *think* reality should be, according to your personal preferences. It teaches you to quickly develop the ability to absorb unexpected and shocking situations, decide on the best next-actions […]...

Sorting out your own personal ‘Starter Goals’

Sorting out your own personal ‘Starter Goals’

Give the following question a bit of thought… What it is you actually want to achieve from your trading? Well money is probably going to feature somewhere. But even that is going to mean vastly different things to different people. Let me give you an idea of how 4 different traders might give wildly contrasting […]...

5 mistakes that make traders go broke

5 mistakes that make traders go broke

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 […]...

5 mistakes that make traders go broke

5 mistakes that make traders go broke

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 […]...

What to do if ESMA killed your system

What to do if ESMA killed your system

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 […]...