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

The 3 or 4 Ms and Trading Psychology

The 3Ms is widely used in trading circles to describe the 3 key things a trader needs to consider when looking at their trading as a whole.  Namely:

  • Method – Your trading rules and strategies etc
  • Money – Money and Risk Management
  • Mind – Your Mindset when trading or Trading Psychology

You could also argue that there is also a 4th M Continue reading

Happy Christmas – Taking Stock and Next Steps

Happy Christmas from Forex Trading London

Happy Christmas from Forex Trading London

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

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

Will Your Account Survive Whilst Learning To Trade?

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?

Whilst 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? Continue reading

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