The mind-bending effect of ‘real money’ trading

The mind-bending effect of ‘real money’ trading

How do you learn to be a really good trader? A typical experience might be to learn a trading strategy, apply it to a demo account (or paper trade it) and then take it live once some virtual profits have been seen. And that’s a perfectly sensible way to go about...
Release Your Inner Reptile

Release Your Inner Reptile

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....
How to use true ‘set and forget’ orders

How to use true ‘set and forget’ orders

A question arrives from reader Tony B… “If the market was above the eurusd figure [the price he wants to buy at] how could I have placed the limit buy orders please? Should I put an alert on to wait for the market to drop?” Now Tony is one of our...
The 2-pronged exit method

The 2-pronged exit method

Scaled exits are nothing new. It’s not some cutting edge technique I’ve just invented. But scaling isn’t often discussed when it comes to Forex trading. You’ll read about the old masters of trading scaling out of their trades – they were doing...
The secret of ‘golden hour’ trading

The secret of ‘golden hour’ trading

Keeping a journal is absolutely essential for traders. It’s the one guaranteed way you can improve your trading. And I think there are 2 parts to keeping good trading records. There’s 1) The Trading Journal and 2) The Record of Results. At first glance they...
How to trade a healthy trend

How to trade a healthy trend

I had a similar conversation with two different people this week… It’s about trends. Or more specifically: a) How do you know which ‘segment’ of a big overall trend to measure and work with? And: b) How far back in time should you go when measuring trends and drawing...
How to trade when the weekend comes

How to trade when the weekend comes

A question arrives from a TN reader: “I’ve got this trade that’s well into profit. My usual strategy is to trail the stop loss so I can lock in some of the profits and then give the trade chance to turn into a long-term position. But what do you...
5 tips for new home-based traders

5 tips for new home-based traders

If you already have some experience 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’ve been doing my job properly,...
5 bad habits that break good traders

5 bad habits that break good traders

Everyone has the ability to make money from trading. These days the financial markets are a genuine ‘open access’ opportunity to one and all. Making money is simply a matter of repeating the same effective steps time after time. It’s all about...
3 reasons to shred your 4DFX invite

3 reasons to shred your 4DFX invite

On Thursday 9th May you will receive a special invitation from me. It’s for my new 4DFX program. I’ve been dropping hints about it these last couple of months. And, behind the scenes here, it’s been creating a bit of a buzz. Traders keep emailing me...
2 rules for free and easy trading

2 rules for free and easy trading

I’ve been reading Market Wizards by Jack Schwager again recently and in the book one of the traders mentions getting to know just one individual market really, really well. So, is this still a good way to start? Should you focus on just one Forex market or learn...
3 ways to use Volume for high-probability trading

3 ways to use Volume for high-probability trading

I must admit, I’ve got 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 sentimental appeal to it. Traders like Jesse...
7 keys to winning the mental game of trading

7 keys to winning the mental game of trading

I was flicking through an old trading journal of mine the other day. It’s a bit tattered around the edges but when I look at them now, I can see that those pages contain absolute pearls of wisdom. At the time, I was still desperately trying to figure things out....
The wonky 3-legged stool of trading

The wonky 3-legged stool of trading

I’ve been doing some work on trading Mindset this week. It’s for the ‘Campaign Management’ module of my new strategy (more on that to come in a minute). Now traders typically put all their energy and effort into ‘Method.’ You know...
How to swerve ‘toxic trading’ temptations

How to swerve ‘toxic trading’ temptations

Do you know one of the single biggest problems traders face? You might not agree at first glance because it actually sounds like a BENEFIT rather than a potential threat. But it’s been the ruin of many a trader over the years. And it’s a particular threat...
Arrgh! 90% drawdown, what now? *starts crying*

Arrgh! 90% drawdown, what now? *starts crying*

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...
See why ‘tactical’ strategies choke and die

See why ‘tactical’ strategies choke and die

Imagine: you’ve spent weeks, months even, developing a trading strategy. Your back-testing is complete. And on paper this strategy has the potential to make an eye-popping 7% return on account per day. Yes, 7% return on account PER DAY! That’s not 7% per...