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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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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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

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Do The Prep – Get The Pay Back

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

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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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Forex Trading – The Essentials

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

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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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