Decisions, decisions… You’re about to seek your fortune in the financial markets, but gosh, which ones? Will it be stocks and shares; precious metals; commodities; cryptocurrencies; or Forex? There are so many! Surely there’s one type of market that’s best. A market...
From time to time I receive emails asking ‘money’ questions like this: *Is it really possible to make 6 figures inside 3 years from forex trading? *Can the ‘man at home’ realistically expect to beat the top hedge funders who make around 30% return each year? *If such...
Here’s a typical experience for a newbie trader. You learn a trading strategy, apply it to a demo account (or paper trade it) and then take it live once he’s seen his virtual profits rack-up. But as soon as REAL MONEY is dropped into the equation…problems start to...
When trading we’re dealing with external stimuli (things that happen outside your mind and body) and your brain filters each individual event as either threatening or non-threatening. So imagine logging in to check progress on a trade… Things are going in your favour,...
I must admit, I do have 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 romantic appeal attached to it. Traders like Jesse...
Scaled exits are nothing new. You’ll read about the old masters scaling out of their trades – they were doing it a hundred years ago or more. And scaling has always been a permanent fixture of the futures trading scene. Many futures order platforms actually have...
If you already have some experience behind you you’ll know full well it is certainly possible to trade from home around a day-job. You CAN get started with a very small trading bank (and it’s nothing to be ashamed of). And, if I have been doing my job...
I’ve been getting more emails about Plugin Trader (PIT) recently… People asking whether it really does only take a few minutes in the evening, there must be some kind of catch etc. I answer as best I can (without giving the entire strategy away!). And the...
In last week’s email we looked at strategies for further growth on bigger accounts. Once your account reaches a decent size you’re suddenly faced a bit of a dilemma… you’d need to stake huge lumps of money on each of your trades in order to...
A question in from Chris, one of our merry band of PlugIn Trader members: “I’ve been trading actively for 22 weeks now and I’m at 84% profit, starting very slowly from a very modest pot. I figured I would make my mistakes and get my trading mindset...
We’re slipping into ‘sickness bug’ season here. One child is off school ill, and I’m praying the rest of us don’t get it. But should you carry on trading when feeling ill or a bit off colour? It’s easy to plough-on like a trooper...
Here’s something that’ll DEFINITELY improve your trading… It’s won’t be the most thrilling thing you’re heard today (so you can stop gripping the arms of your chair now) but it works like nothing else. I’m talking about keeping...
I had a conversation with two different people this week about trends. And it got me thinking a bit. Trends are a ‘thorny issue’. They seem to be one of those areas that have a few different workable approaches. And some traders can get a bit prickly when defending...
Bernard Baruch – investment behemoth and all round ‘big cheese’ – describes the Wall Street scene in the days leading up to 1929’s big crash: “Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day’s financial news as he worked...
There’s a water sports centre near where I live – a big lake where you can go and learn to windsurf or sail. And at the end of the last school term (the children have broken up for summer hols now) there was a bit of a buzz going around amongst the parents...
So, Usain Bolt – greatest sprinter the world has seen – ended his career with an underwhelming bronze medal in the 100m last Friday. It wasn’t supposed to happen like this. Where was the fairy tale final 1st place finish? Instead of Usain and his...
A question comes in from a 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...
What could be more humiliating than constantly getting the answer wrong, in your own field of expertise, time-after-time? And not just getting things wrong, but doing so in a very public way, so everyone one can see exactly what it was you said would happen, and how...
It was my children’s school sports day yesterday… We were 13 races in, the sun was beating down, the parents were still jostling for best viewing position on the sidelines, and an announcement went out for the year 6 sack race. Now one particular boy has...
I was flicking through an old trading journal of mine the other day. It’s a bit tattered around the edges, but those pages still contain absolute pearls of wisdom. And no…I’m not blowing my own trumpet too hard here. The notes I’d made were from when...
There’s no shortage of trading systems and strategies available for you to buy. And just like in any industry there are good products and bad products. Do some careful research before spending your money and you can pick up a great system off the shelf, so why even...
Once upon a time I made a ‘million-pound’ spreadsheet. It was a beauty to behold. I even made a fancy graph too. It predicted how quickly my trading money was going to grow – all by making *just* one winning trade per day – and I virtually...
“Do not collect weapons or practice with weapons beyond what is useful”, said Miyamoto Musashi. Think about what that might mean for a genuine warrior. Someone who stares down death on a daily basis… He simply can’t afford to waste time messing around with things that...
Remember the classic 80’s film Trading Places? Two rich old brothers swap the lifestyles of a beggar and a fancy commodities broker to settle a twisted $1 bet… They set out to prove once and for all whether nature or nurture dictates how successful a person can be....