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...
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...
Everyone knows the big market-moving reports, right? I’m sure you’re well aware you need to have your wits about you on the first Friday of the month. That’s US employment numbers day and crazy things can happen in the markets when the reports come out at half past...
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...
Simple 3-step swing trading for specimen hunters 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 ‘Boy Plunger’ spills the beans… how to make a fortune from trading There’s a big cherry blossom tree in the middle of my lawn. I’m looking at it now, through my office window. And when I first got interested in trading we were having...
Slow your heartbeat at will. Survive sub-zero temperatures whilst naked. Remove doubt and stress from trading… …using these ancient powers from India Three evenings a week – Monday, Wednesday and Thursday – I pull on my lycra pants (don’t worry,...
How a simple ‘circuit-breaker’ can save your trading bank Sometimes you can find yourself simply out of step with the market. It could be your strategy just isn’t suited to current conditions (even though you are executing with iron-willed...
How ‘scalping’ developed in the pits as a trade-enabling trick, and what makes it so different today I’d like to talk a bit about ‘scalping’ today. You might recall we’re currently beta-testing a range of my scalping strategies...
How a Hungarian ex-economist traded his way to a $2.2 million fortune whilst on tour with his dance troupe! (And how you might do it too!) How was your Easter? Good I hope. I spent Sunday with the family doing the traditional egg-hunt. That is, until huge hailstones...
How to trawl the data banks of this top-notch research firm and steal their best trading ideas Let me tell you about a ‘secret’ vault of trade ideas I know… It’s been around for years, but ask your average Forex trader if he’s heard of it...
How to display your trading results for maximum impact PLUS: An important update on my new scalping training program Isn’t it lovely to finally have a bit of spring-like weather? Crawling out from under winter’s damp, cold greyness… it puts you...
Why you probably shouldn’t trust technical indicators in overheated markets – and what you might do instead PLUS: My one top tip for day-traders looking to go full-time It was a pretty wild ride on those US job numbers last Friday, wasn’t it? In EURUSD...
Do you even NEED a stop loss? (How pit traders did it all without a safety net) What part of your trading strategy do you think has the single biggest effect on your results? Personally, if I could only focus on one thing, I’d look way beyond entry signals or...
What to do when you want to leave trades open through the weekend (HINT: don’t just grit your teeth and hope for the best!) I’ve received more great questions from Trader’s Nest readers this week… The answers won’t necessarily apply to...
Not sure which chart-type is best? Try blending these three together for a complete picture of any market We’re going to review a bit of basic charting stuff this week. It follows a question from a new Trader’s Nest reader: Which kind of chart is best? I...
How ALL markets are manipulated and why traders often forget their own orders are to blame! At the weekend I watched this film about a crazy horse race in Italy… It was recorded in Italian with English subtitles but it had me hooked from start to finish. (And...
The age-old battle between strike rate and profitability. (And how you can prove which one of them REALLY matters!) I’ve been working with ‘S’ for a couple of months now: he’s one of my 1-2-1 coaching clients and he’s just reached the...
Is a sneaky ‘meta-hole’ trading hassle holding you back? Here’s how to tell… Talk about a lucky escape… I was sauntering through town the other day minding my own business. No reason to rush, no appointment to keep, so lord knows why I did...
How to customise your system with tried and tested ‘borrowed parts’ There’s a restaurant not far from me I’ve just never fancied visiting. It’s popular, gets good word of mouth recommendations, and even the online reviews are good. (If...
The Losing Trade Paradox: Why Deliberately LOSING Money Can Ultimately Accelerate Your Profitability When you first get into trading it’s so easy to be dazzled by the promise of overnight riches. It’s certainly enticing, but I think over-hype can do the...
10 trading lessons from a nerve-jangling skatepark session Happy New Year, traders! It only seems two minutes since I was wrapping presents and fighting to install the Christmas tree at an approximately vertical angle, yet here we are again with the markets fully open...
Why Forex is still the perfect market to focus on… (Even if you’ve just heard about it for the very first time!) I was at a Christmas lunch one day last week – sitting in the very restaurant where I heard about trading proper for the first time. Yes, that...
As a general rule I’m not a massive fan of technical indicators. (I’m talking about things like stochastic indicators, MACD, RSI and all those other exotic sounding tools.) If you’ve been following my stuff for a while, you’ve probably noticed...
