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...
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...
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...
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...
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...
Death of the DIY trader?

Death of the DIY trader?

I detect a whiff of panic… All these emails I’ve been receiving about the new ESMA regulations. Honestly, you’d think the world was coming to an end or something. And I don’t mean emails I’ve been receiving from TN readers – most of...
Why ‘truer’ markets could prevent World War 3

Why ‘truer’ markets could prevent World War 3

Remember that English guy who carried out the ‘biggest military hack of all time’ a few years ago? Gary McKinnon hacked straight into NASA’s systems from his house in Scotland! Luckily he was only on the hunt for photos of flying saucers, but imagine...
5 Qualities of Common-Sense Traders

5 Qualities of Common-Sense Traders

Common sense can be a rare and peculiar beast in today’s digital age. I’m sure you’ve seen those stories of people driving into canals and lakes because the sat-nav in their car told them to ‘turn right!’ Well, it can be a similar case when less...
How to avoid the sworn enemy of trading

How to avoid the sworn enemy of trading

When markets cease to function properly, like they do from time to time… (I’m taking SHOCK events that send things spinning out of control) …most players make a run for the exits. They get the hell out and watch from the sidelines until the dust...
Forex V Futures – which is best?

Forex V Futures – which is best?

Reader ‘KN’ asks: “What’s the difference between trading ‘Forex’ and ‘Forex futures’ and when would you use one but not the other?” It’s a good question. What we’re looking at here is ‘Spot Forex’...
How to see the markets in ‘High Definition’

How to see the markets in ‘High Definition’

There’s no doubt about it, good trade management is a skill that can only develop through conscious practice. There’s no real short cut other than to expose yourself to the feelings and emotions you’ll go through as you put real money on the line....
Why I’m a fan of scalping

Why I’m a fan of scalping

I’d like to talk a bit about ‘scalping’ today. Especially since the meaning of the word has shifted somewhat in recent years. “Scalping” can sound a bit intimidating, like you need to be some kind of psychopathic mercenary to do it. And...
How to ‘hunt’ trades using primal wisdom

How to ‘hunt’ trades using primal wisdom

I was watching a good Bruce Parry documentary at the weekend. He goes and lives with the Penan people. They are one of the last pre-agricultural hunter gatherer societies that live nomadically. Now their society may not be ‘advanced’ – at least...
The double-lazy  ‘3P’ power formula

The double-lazy ‘3P’ power formula

A heart-warming message arrives from Rob S: ‘Major Personal Milestone!’ he declares. He goes on to say how he’d achieved a 7% profit on account for the week. And this all coming on the back of a very fast learning curve – Rob started trading from...
The benefits of going fully naked on your charts

The benefits of going fully naked on your charts

You might know 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...
The Reality Tunnel

The Reality Tunnel

I can tell when I’ve hit a proverbial hole-in-one (when it comes to educating on trading psychology). The emails come flying in and opinions are FIERCELY divided. Take last week’s missive on ‘winning through losing’… If you didn’t...