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...
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...
I’d like to talk about taking profits today…. I often hear traders say things like ‘you can’t go broke by taking a profit.’ But I disagree. I think the key factor to consider is how much money you might be leaving behind by bailing out too early.Leave too...
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...
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...
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...
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’...
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....
We’re pretty lucky as home-based traders. Almost all the tools we need are free. But, there are small investments you can make in certain ‘performance-enhancing tools’ that can really pay-off. The trick is to know where the point of diminishing...
There’s a ‘not-so-secret’ trick to achieving smooth growth to your trading account that I’d like to tell you about. Let’s start at the very beginning… Imagine a typical ‘advanced beginner’ trader. He’s been out and about in...
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...
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...
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...
An email arrives from a worried reader… He’s been watching an online trading video where it was announced – shock! – that the financial markets were being manipulated. That sometimes, when the price went up, it shouldn’t really be going up. And when...
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...
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...
I’ve often thought how much time, money, and emotional despair would have been spared in my early years of trading… …if only someone had sat me down and given me a step-by-step plan to toughen me up a bit and expose my fragile ego to the realities of...
With Easter almost upon us it’s time for a gentle reminder: What to do when coming back to trading after a break. It’s only natural to feel a little bit off-kilter after you’ve been pulled from your normal routine, even for a short spell. The processes you use...
Today, I’d like to tell you about two pivotal lessons in my own trading education… Lesson 1: Reading Richard Dennis’ famous quote: “I always say you could publish trading rules in a newspaper and no one would follow them. The key is consistency and...
When you put a lot of work into your chart analysis you run the risk of ‘marrying’ your opinion. It’s easy to become blinkered to any other possibility but the one you envisage. You may analyse the markets yourself, or you might invest in the picture...
I’d keep doing this just for the hell of it… Even if there was nothing to ‘gain’ in the end. It’s a mental workout so satisfying when all the clues fall into place, and I get that first glimpse of clarity, that I’d probably pay to...
An email arrives from trader ‘Ian B’… And, unbeknownst to Ian, he’s actually unravelled the hidden code used when I developed my own flagship end-of-day strategy! Let me tell you how and why it happened… When you start a project you have...
Over in the FX Flow forum we’ve been talking exit strategies… Rob posted up his musings on trading with ‘hard’ Profit Targets V’s Simply Exiting with a trailing stop. Here’s what was on his mind: “I’m thinking of Bitcoin...
