London Traders Forum Q4 – 2019 Summary & Take Aways

I thought I would highlight some of the Take Aways from the London Traders Forum which met on Saturday.  The feedback was very positive and all the presentations were well received with great interaction and debate with the attendees, in a packed room, plus a great social afterwards.

Refreshments and light breakfast on arrival available to all. Teas/coffees/snacks etc available throughout the day.

Firstly we had a market roundup and strategic view from Kevin Barry (Traders & Investors Club|), where we learnt where to go to find excellent economic indicators and how to read them and what leading indicators highlight if an economy is going into recession or not and how to act on that in trading terms.  We were given his strategic view of the markets and current correlations and where the money is flowing and the impact of that in Trading terms.

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Climb That Mountain!

Learning to trade can be a bit like climbing a mountain. When you first start all you can see is this huge task ahead of you and maybe not even see a road or track to get started on your journey. You know where you want to go but maybe not how to get there and not in a safe and risk managed way and you would most likely need a guide.

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Trading Saint or Sinner?

One of the most effective ways of improving your trading performance is by noting what you actually do, then compare that with the associated outcome and then stop doing the things that don’t work or the things that are destructive to your equity curve.

To Err is Human…but repeating things that hinder your trading is probably madness and certainly a trading sin! So here are some common trading sins to watch out for in your trading and to try and stop doing…

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Uncertainty – Doubt – Fear – Loss

Most traders fall into 2 main categories of emotional bias when trading, either FEAR or GREED. In this post I want to focus in on FEAR. When trading the Hard Right Edge without any plan or structure around your trading endeavours inevitably leads to losses and then FEAR of losing more money, otherwise known as ‘Recency’, where your trading decisions are affected by your recent past track record.

A past client of mine contacted me recently for help because despite having a track record of profitability he had started to experience a losing streak and was watching his hard earned Capital slowly ebb away towards his initial investment amount. This is a precis of some of the things I messaged to him on Skype……

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How Complete Is Your House of Trading?

Learning ‘How To Trade’ can be analogous to building a house, it isn’t until it is complete, that Consistent Profitability can be realistically achieved. The foundations cover such things as:

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The 50 Trade Challenge

Life is full of challenges, some are thrown at us and others we undertake willingly to test our metal/resolve/abilities etc. Climbing a mountain, running a marathon, completing a an assault course (done a few of those!), sitting an exam to achieve a qualification, doing a cryptic crossword, playing a game of chess or scrabble, you get the idea. If and when you achieve a challenge you have set yourself, without doubt one normally feels a sense of achievement and in the process you may well have learnt more about yourself and grown as a person. Learning to trade is challenging too, but there are some things we can do which include minor challenges to help us learn and progress as traders..

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Do You Hope & Pray?

When learning to trade it is easy to get seduced into making impulsive unplanned trades with no Trade Plan or trying to force the markets into giving you some profit when the market isn’t ready to give it to you. Plus, of course, there is the issue of FOMO (Fear Of Missing Out) and Revenge Trading or trading with so much open Risk that you are near to blowing up your trading account! On top of all that is the likelihood that you are not using a Stop Loss All the above can lead you to being in a losing position and starting to stress, worry, sweat, swear and ‘Hoping’ and ‘Praying’ that the market will turn around and get you back to a Break Even or better position.

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How Many Reasons?

How Many Reasons Do You Have….?

Is there such a thing as ‘High Probability of Success’ trading? As a trader, if you are sufficiently capitalised, employ robust Risk & Money Management and can manage the uncertainty of trading the Hard Right Edge of the charts by having a structured approach, you don’t need to be right all the time. In fact you can make decent money by only being right 50% of the time. But as a trader you never stop learning and are always trying to improve your ‘process’ of trading, with the aim of achieving better results. One way of improving your trading process, is to add an additional check into your pre-trade preps….

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How To Choose A Forex Broker

How To Choose A Forex Broker

We are often asked which Forex Brokers we would recommend and why?  Choosing a Forex Broker or finding the Best Forex Broker to suit your particular needs can be confusing and often even overwhelming, when you are learning how to trade Forex or other financial instruments.

Best Forex Brokers (Non-US Citizens Only)

Firstly, we would offer the following 20 or so pointers when choosing a Forex Broker: Continue reading

Why Swing Trading?

I’m often asked ‘What is Swing Trading and why do it, rather than Intra-Day trading?  This post is an attempt at answering that question and also to highlight my view on the Pros and Cons of Swing Trading. Continue reading