What makes winning traders fall on their sword?

What makes winning traders fall on their sword?

Lots of new traders coming into the markets this month… And some of those already here are trying new things. It’s just that time of year isn’t it? We all want to get the New Year off to a flying start so who can blame people for turning to trading,...
Which one burns the most – Forex or Shares?

Which one burns the most – Forex or Shares?

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...
Beating the hedge-funds from home

Beating the hedge-funds from home

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...
How to beat the ‘Bends’

How to beat the ‘Bends’

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...
The trader’s guide to brain-hacking

The trader’s guide to brain-hacking

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,...
My favourite ‘old-fangled’ trading indicator

My favourite ‘old-fangled’ trading indicator

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...
Why ‘Scaled exits’ are a great idea

Why ‘Scaled exits’ are a great idea

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...
5 tips for trading from home

5 tips for trading from home

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...
The most dangerous number in trading

The most dangerous number in trading

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...
How to spread a £10k account

How to spread a £10k account

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...
84% profit in 22 weeks – and growing

84% profit in 22 weeks – and growing

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...
Avoiding ‘fuzzy-headed thinking’ errors

Avoiding ‘fuzzy-headed thinking’ errors

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...
How ‘boring’ records bring big-gain boosts

How ‘boring’ records bring big-gain boosts

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...
‘Quick Kill’ Vs ‘Slow Burn’

‘Quick Kill’ Vs ‘Slow Burn’

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...
The controversy over Crypto Coins

The controversy over Crypto Coins

Last week’s email about Crypto coins and Initial Coin Offerings (ICOs) got a few people hot under the collar… One reader is even in the process of launching his own coin and wrote in to tell me how he found my comments a bit ‘out of order.’ Here’s what he said: I read...
The secret of Satan’s Airbag

The secret of Satan’s Airbag

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...
The draining impact of the pantomime villain

The draining impact of the pantomime villain

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...
The unholy war of System V’s Strategy

The unholy war of System V’s Strategy

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...
Norman gulps down the bait and chokes

Norman gulps down the bait and chokes

Back in the olden days, before iPhones and social media took over the world, the best way to chat to other traders was through internet forums. Now these forums were a bit hit and miss. Some of them were plagued with bullying and name-calling, some of them...
The worst market expert in the world

The worst market expert in the world

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...
Olympic sack racing for beginners

Olympic sack racing for beginners

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...