Tag Archives: Forex Trading Courses

Unconscious Trading Bias?

Featured

Posted on by

Do You Have an Unconscious Trading Bias?  

Have you ever given any thought to how you behave and react when in front of your Trading Platform screen?

Perhaps you are hesitant to commit to trades - to actually be able to pull the trigger at the right time.  Or perhaps you are trigger happy and a bit impetuous, when it comes to taking trades, seeing opportunities everywhere and having multiple trades open at the same time.  How big are your position sizes, how many positions per trade and what % of your trading account do you risk on each trade and what % do you risk in open trades, which are not yet at Break Even or better?

Most traders are either driven by Fear or Greed, which camp do you feel you fall into?  

Continue Reading

Passing a Prop Firm’s Evaluation – Some Suggestions

Posted on by

Following on from my previous Blog Post: ‘Typical Stages of Trader Development’,  the next natural topic would be ‘How do you actually pass a Prop Firm Evaluation?’  Here are some trading tips which might be of some use.

Firstly you have to find a Prop Firm that matches your style of trading.  Are you a Position Trader, a Swing Trader or an Intraday Trader?  

Do you need to have the ability to keep your trades open over weekends and for several weeks or even months?  Some firms will accommodate this and others won’t.  

Continue Reading

Typical Stages of Trader Development

Featured

Posted on by

Typical Stages of Trader Development - For some time now I have been acutely aware of the unrealistic expectations of people who come into trading, thinking that they are going to be able to pick it up quickly and make a rapid fortune!  The reality is vastly different.  Here are my thoughts on what that reality is.  

The typical starting points are:

Continue Reading

When Not To Trade….

Posted on by

Whatever type of Trader you are, there are some periods or points in your life when it probably isn’t in your best interest to trade and I’m not referring to unpredictable economic events such as FOMC and NFP etc or non-favoured days of the week or month.

Profitable trading nearly always relies on thorough market analysis and timing and being in the right mind set, rested, fit and alert to all the possibilities and prepared to have the courage of your own conviction to take the trades that you see.

Over the years I have learnt that there are definitely times in your life when it isn’t in your own interest to be trading and that isn’t just the likely unprofitable outcome but also in terms of one’s relationships and mind set.

Such events are:

Continue Reading

The London Traders Forum

Posted on by

The London Traders Forum

The Traders Forum is a ‘Mastermind’ group formed with the aim of raising the bar from the usual so-called Trading Events, free Seminars and low-cost workshops. It is aimed at both active and aspiring traders with some trading knowledge.  Plus it is also designed to be a sociable inter-active occasion for net working with like-minded people and for seeking knowledge from seasoned traders without the usual attempts at a hard up sell at the end.

The next London Traders Forum is on Saturday the 6th of October 2018, a one day seminar/mastermind/forum with Q&A interaction and discussion.  Speakers and topics so far include: Continue reading →

Do The Prep – Get The Pay Back

Posted on by

One of the key elements to being a successful discretionary swing trader is ‘Preparation’.  I’ve written about this to some extent before and covered the 5 or 6Ps.  The best trades I have had, have all been pre-planned.  Thorough preparation before taking any trade, particularly swing trades, tends to pay off handsomely.  This entails the following: Continue reading →

The 4 Cs..

Posted on by

In previous posts on my Blog I have written about the the 4 Ms and the 5 or 6 Ps.  I thought it about time I added the 4 Cs!  The 4 Cs came about through Swing Trading.  When I am looking for Swing Trades I use Multi-Time Frame Analysis (MTFA) in my trade planning. People have asked me in the past why I ‘laboriously’ look at all the different time frame charts when looking for and planning a trade, rather than stick to a single time frame.  Here is why.. Continue reading →

How Good Is Your Risk Management?

Posted on by

As the Brexit Referendum looms, it seems an apt moment to write something about Risk and Risk Management.

BrexitThe UK Brexit Referendum is clearly a High Risk news event and probably far to close to call at the moment, whatever your view.  Other High Risk news events include General Elections, the monthly Non-Farm Payroll (normally the first Friday of every month) and also other events such as the minutes from the Federal Open Market Committee and BOE Minutes and Interest Rate Decisons by Central Banks various.

As a trader you need to be aware of such High Risk events and conduct your trading accordingly.  The last thing you need to do is expose your trading account to too much risk in the run up to such often highly volatile events.  Better to scale back or not trade than to essentially toss a coin and become in effect a gambler.

There are many ways you can control your risk when trading: Continue reading →

Forex Trading – The Essentials

Posted on by

Forex Trading Essentials - www.ForexTradingLondon.comWhilst doing some Housekeeping in my email account, I came across and was reminded of an email I had sent as a reply to a prospective student, who unfortunately could not afford our Personal Mentorship Programme (PMP) lessons.  In my reply I wanted to be helpful, so I tried to summarise the Key areas that he should work on until he was in such a position to be able to take advantage of our PMP.   Here is the main body of the email, with a few additional tweeks, containing what I suggested:

‘No problem, the key things you need to concentrate on are: Continue reading →

Merry Christmas & Happy New Year

Posted on by
Happy Christmas from Forex Trading London

Merry Christmas & Happy New Year!

Firstly our very best wishes to you and your familes at this Christmas time and thank you for reading our Blog posts and for following our Forex Trading Success Formula, which has plenty more to come in the New Year.  As the trading year draws to a close, it is a good time to take stock and analyse how you have done, what you have achieved and what could be improved upon in the coming year.  If you can spend some time reflecting on your trading year you should be able to: Continue reading →