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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London Traders Forum – Q3

For several years now I’ve helped Paul Wallace run the London Traders Forum – a once-a-year all-day event for Traders to come together, learn and socialise with each other.

This year’s London Traders Forum will be on Saturday 6th October 2018 in Central London. Please put the date in your diary and keep your eyes peeled for details and early-bird opportunities.

In the meantime the next event will be the Q3 Online Traders Forum on Saturday 7th July.

Online London Traders Forum

This is a new initiative from traders, for traders. The idea is for it to be a short, intensive 3 hour online seminar that covers various aspects of the 4M’s of Trading: Markets, Method, Money and Myself. The idea is for you to be able to learn some new trading ideas, whilst in the comfort of your own home, and without sacrificing your entire weekend.

The plan is for there to be one Online London Traders Forum the first Saturday of Q1, Q2 & Q3 with the London Traders Forum at the start of Q4, the main all day event.

For the Q3 Event running from 09:00 AM to 12:30 PM BST, we’ll have the following speakers:

Paul Wallace from FXTraderPaul.com and founder of The London Traders Network will deliver the market analysis section focusing on FX, Indices, Commodities (and perhaps some Crypto) and look at where to focus for possible Q3 Trading Opportunities.

Martin Walker of ForexTradingLondon.com will take a deeper look at Price Action, what are it’s constituent parts, and how to identify and read it on your charts. He will show you how to use this knowledge in your trading. Understanding and being able to read Price Action is key to identifying Trends, Breakouts and False Breakouts, Market Turns and much more.

From Dublin, Ian McFadden from the Symmetry Trading FB page will talk about his way of intra-day trading Oil using the CL Futures contract. Ian has traded using Fibs for over 10 years and he will explain how he uses them to analyse Oil and find intra-day trade set-ups.

There is a charge for £20 to attend. Why? Because we’re not selling anything. Its proper educational content rather than a slick pitch in the hope to up-sell you something. Furthermore the sessions will be recorded, and as an attendee you’ll have access to them afterwards.

It promises to be an enjoyable session that will help you grasp the opportunities that Q3 2018 will present. For further information, timings and tickets etc just go here:

Online London Traders Forum

Trade well!

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The 4 Cs..

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

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How Good Is Your Risk Management?

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

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To Trade or Not to Trade?

(With apologies to William Shakespeare in this 500th anniversary year!)

ShakespeareTo Trade or NOT to Trade?

To Trade or NOT to Trade, that is the question;

Whether ‘tis nobler in the mind to suffer

The drawdown and losses of unplanned impetuous trades,

Or to wait with patience for higher probability setups,

And then to plan and trade them with discipline and calm,

Whilst managing your Risk and being focussed on the process,

And as a consequence, reap fine rewards for one’s labours!

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Merry Christmas & Happy New Year

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

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So You Want To Be A Foreign Currency or Forex (Fx) Trader?

So you want to be a profitable Foreign Currency or Forex (Fx) Trader?

I’m not here to give you the big sales pitch, I believe in being upfront about the challenges of such an undertaking, so here goes:

If you do want to be a profitable Forex Trader then you need to treat this as you would any other Professional job, which means it takes Training, Understanding, Hard Work, Experience in the markets, Time, Support and sufficient Trading Capital to become consistently profitable.

It shouldn’t be treated as a ‘Get Rich Quick’ scheme, as may be advertised by some Trader Training Companies.   I’ve said this before but I’ll say it again, it is more of a ‘Get Rich Slowly’ undertaking provided that you have the right Trader education and training and follow up support and implement your strategies with Patience and Discipline and proper Risk and Money Management.  It is probably one of the hardest things you will ever attempt in your life.

You shouldn’t try and become a Trader if: Continue reading

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Do You Have a Trading Plan?

At a recent Forex workshop I was teaching at, the topic of Trading Plans was raised and I delved into one of my folders and retrieved my personal Trading Plan.  It was written several years ago and suffices to this day. It covers: Continue reading

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