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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Forex Trading Survival Rules

Have you got what it takes to SURVIVE in the markets whilst learning to trade Forex?  Will you survive to trade another day? Or will you just become another of the 80 to 90% that fail?  How practised are you in your Forex Trading Survival skills?

Forex Trading Survival Rules - www.ForexTradingLondon.comWhilst learning to trade Forex or any other financial market there are certain things that you must do and that need to be in place, if you are to stand a chance of surviving to trade another day.  What are they?
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Happy New Year – Turning Resolutions into Reality!

So Christmas is over and the New Year has started and you’ve made your New Year’s Resolution:

‘I’m going to learn how to trade Forex!’

Then what? If, like many others, you are psyched up and raring to go but don’t know where and how to make that resolution become a reality, then stick with me and read on:

Firstly, you might want to tweak your resolution and add ‘and be consistently profitable’ on to the end, because you no doubt are doing this to make money.

Or you may have been trading for a while but are struggling to become consistently profitable, well the following may also apply to you too …

Around 90% of people fail in their attempt to become consistently profitable Forex traders for a myriad of reasons, please don’t let that be you!  Also, you will probably need to temper your expectations regarding time scales to achieve your goal, as it may take anything from a year to as many as 3 years or so, to really make the grade.  One way to fast track your Forex Training is to get yourself a good Forex Mentor, someone who is a successful Forex trader and also an honest straight talking teacher and mentor, they do exist! This will cost, but it will be money well spent, plus you will get to see what they are trading too.

The aim of ‘Learning to trade’ is laudable but encompasses a myriad of things so the best approach is to be able to break it down into Bite Size chunks that can be tackled bit by bit.

The key elements to learning how to become a consistently profitable Forex trader are: Continue reading

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Merry Christmas & Happy New Year – Time for Reflection and Next Steps

Happy Christmas from Forex Trading London

Merry Christmas & Happy New Year!

Firstly my very best wishes to you at this Christmas time and thank you for reading my Blog posts and for following our 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

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Time and Trading

When it comes to trading, TIME is something that is a key factor for several reasons:

  • When learning to trade you need to put in the TIME to gain experience in the markets for which there is no substitute.
  • When looking for trades you need to put in the TIME in terms of the planning and preparation in order to prevent poor performance.
  • Each candlestick is measured in a period of TIME.
  • Trading Platform Charts have different TIME frames available

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Trading around a Day Job

Whilst helping my former forex trading mentor at a recent World Money Show (London) ‘Divergence’ Trading Workshop, the issue of trading around a Day Job came up.  Not surprisingly, most people learning to trade have a day job.  Some wish to generate additional income on top of their annual salary and others want to eventually replace their current income with an income from trading the financial markets.  We always recommend that aspiring traders in the latter category should NOT give up their day job until they have an extended track record of profitability and sufficient trading capital to be able to generate a decent income, equal to or better than their current salary.  So how does one trade and still maintain a day job?  Continue reading

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The Trend Really is Your Friend!

The saying “The trend is your friend …until it is at an end” is a bit hackneyed or a cliche in the trading world and can encourage newbies to be ‘lambs to the slaughter’.  However, if you could tell if a trend had recently started, whether you were midway in a trend or if it was close to the end or had indeed ended, then you might be able to take advantage of a trend properly in a risk controlled manner and profit from it.  So the trend really can be your friend provided that you know what you are doing and are prepared to plan your trades in advance, then exercise patience waiting for the most advantageous moment to join it and finally have the discipline to follow through and execute your Trade Plan without emotion controlling your actions.  So how does one do just that? Continue reading

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Meet, Greet, Live & Learn

The most interesting thing about trading is that you never stop learning; there are so many different ways of trading the markets and many differing viewpoints.  It appears to be a continual quest, which makes for a fascinating occupation.

Probably the worst part of being a retail trader (apart from losing money!) is that it can be a particularly lonely thing to undertake day after day.  It is down to you, your views, your analysis and your decisions.

To ameliorate both points I offer the following: Continue reading

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