January 15th 2015 will go down as another historical day in the financial markets. An event triggered by a national bank action caused a tsunami in the forex market. In a matter of seconds Swiss Franc soared as much as 41% against Euro; also impacting other correlated markets to varying degrees. Take a look at […]
Category: General
New traders and sometimes even experienced traders struggle to answer a key question – How much capital is good enough to make Forex trading a worthwhile pursuit? The expression worthwhile will have a different measure for different people. Some would like the trading activity to generate enough income to compensate for the hourly /monthly rate […]
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Fractals in trading
Understanding the fractal nature of price movement is an important concept to help you analyse the markets and optimise your entry and exist. So what is a fractal? A fractal is a natural phenomenon, a mathematical set or a geometrical pattern that exhibits a repeating pattern that displays at every scale. The key words are ‘repeating’ and ‘every […]
One of the most important aspects of successful trading is knowing that your trading method has an edge over the market. Theoretically speaking an edge is defined as a set of conditions which when present gives a higher probability of a trade working than not working. These conditions can be based on price, indicators, chart […]
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Trade Management
Have you ever strangled a trade by a few pips and then see it motor along in your direction by hundreds of pips? Or failed to book profit at an opportune time only to see those profits evaporate quickly? I know I have. And if you have been trading for any length of time then […]
Couple of days ago I was having a chat with one of my mentees. I asked him how his trading day was. ‘I started very well this morning’, he said. ‘I had two winners and was in profit by 40 pips (£200). Then I took another trade, which looked okay as per my trading method […]
I see a lot of adverts from Forex brokers and Spread Betting companies offering joining bonus for new clients, some pretty generous as a percentage of the initial deposit. Some offer a fixed amount like £100 when you open an account, deposit a certain minimum amount and take a few round trip trades. Others offer […]
I was in Paris last week and lucky to attend a speech delivered by Bertrand Piccard, the legendary founder and pilot of the world’s first successful solar powered plane and a psychiatrist. I want to share with my readers some of the key messages I picked from his speech. Talking in ballooning terms, he said, […]
This is the time of the year when there is a festive atmosphere all around. Christmas do’s at work, the happy banter with friends and colleagues that comes with these do’s, decorated shopping malls buzzing with keen shoppers and generally happy looking people with everyone looking forward to a reunion with friends and family over […]
Recently I was in India for my annual holiday. It was at a time when the entire country was gripped in cricket fever – a fever that was much more pronounced than I have seen before in decades of my following the game ever so closely. The reason was that one of the game’s all […]
A couple of years back I had a little niggle in my lower back. According to the doctors apparently there was some ‘normal wear and tear’ leading to that painful condition. He recommended some painkillers and redirected me to see a physiotherapist. Over few sessions physio sorted my sore and stiff back. He also advised […]
Recently I was speaking to a group of aspiring traders when at the start of my talk I posed a question to the group – What does financial freedom mean to you? The responses I got were varied but there was a common theme to it – it was having more time and resources to […]
Hello Traders, I have shared a trading strategy using RSI trend lines – watch it on You Tube – https://www.youtube.com/watch?v=GUh6pLA8bGs. You may use key words ‘Knowledge Candles Forex’ in your search box. If you would like to discuss this or other ideas you are welcome to contact us by leaving a comment or writing to [email protected] If you trade […]
Hello Traders, Today I want to talk about something we often go through during our day to day trading journey – the ‘should have’ or ‘could have’ syndrome. To illustrate what I am talking about I want to draw your attention to my post from about 4 weeks ago on 28th of August. I presented […]
Hello traders, I get hundreds of emails every week on trading. Most of them are from brokers, trading systems providers, signal providers and from education providers. A lot of them are a complete waste of time, but some do have insightful information that can help in your trading business or trigger a thought process that […]