Forex Trading – The Essentials

Posted on 22/02/2016 by Martin

Whilst 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 →

Successful Trading Is Managing Uncertainty

Posted on 10/06/2015 by Martin

When you are trading the ‘Hard Right Edge’ of the chart on whatever timeframe, you must always try to ‘Manage Uncertainty’. What do I mean and how do you do you that?

When you enter a trade, from that point onwards you do not know for sure what the market will do next and so all you can do is to try and manage that uncertainty by doing the following: Continue reading →

The Importance Of Context

Posted on 01/05/2015 by Martin

When you plan and take your next trade, please ask yourself this question:

‘Do I know the Context of this trade?’

Knowing the Context of a trade is an important part of planning any trade. Knowing the Context means:

Is this a Counter-Trend or Trend Trade and on which Time Frame?
Is it a short term or longer term trade?
How many reasons are there to take the trade?
Is this a Lower Time Frame entry into a Higher Time Frame Setup?
- If so has the Higher Time Frame setup triggered yet?

Knowing the Context for your trade can give you a Bias and therefore an edge, but how do you do this in practice?

Continue reading →