Trading Strategies, Psychology

Trading Strategies, Psychology

Creating a trading edge – Is it possible?

  A trading edge is a certain approach or special system techniques that, in theory, gives a trader some type of advantage over other market participants, hence making a trader more likely to achieve positive trading results. Many are cynical about the objective of creating a trading edge, despite the plethora of articles and books on va...

October 7, 2019
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Six Steps to Improve Trading Discipline – #2 Prioritise and Identify your cause

  In a previous article we introduced the SIX steps to improving your trading discipline and offered some guidance on developing “awareness” with a downloadable ‘checklist’ for you to complete. Before we start, If you haven’t seen this article, it is perhaps prudent to go now and complete the checklist as this will inform you ...

September 24, 2019
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Getting started with your trading journal – Free Download

  Those of you who have attended any of our LIVE Inner Circle education sessions, or participated in our courses, will know that a regular theme covered is the importance and benefits of measuring your trading. One of the key tools we often discuss is the use of a trading journal. For those of you less familiar with this as a concept, a ...

September 20, 2019
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Six Steps to Improve Trading Discipline – #1 Awareness

  With very rare exceptions every trader must battle with trading discipline at stages in their trading career. Commonly when we explore trading discipline, there is an obvious focus on what we will term “execution discipline”, that is engaging and following through with elements of your trading plan e.g. adhering to a pre-planned e...

September 18, 2019
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3 Game-Changing Questions You Could Ask of Your Trading Journal Data

  In previous articles we have discussed in detail the merits of a trading journal in offering evidence for both: a. How well you are following a trading plan? b. How well your trading system is serving you? (assuming you are already following a trading plan) We have also outlined the importance of “closing the circle” and maki...

September 10, 2019
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5-point checklist for using chart patterns within your trading plan

  Chart patterns (e.g. head and shoulders, triangles, double bottoms/tops), are commonly used to assist in trading decision making. If using these as part of your entry approach, their use should be viewed as a specific strategy, amongst others you may use, and so merit a dedicated section within your plan. This article outlines some of ...

September 4, 2019
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Making trading choices – A trading journal?

  We frequently refer both in the articles we publish and the weekly “Inner Circle” sessions we present, to the benefits of a trading journal. However, the reality is that many traders make the choice not to measure trading despite the logical benefits of doing so. Whether you do or don’t currently, the bottom-line decision you are...

August 30, 2019
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Avoid the FOUR traps following a major trading capital drawdown

  There are few long-term successful traders that at some stage have not suffered a major capital drawdown on their account at some stage. For whatever the reason the major factor as to whether you continue and get back to “winning ways” or continue to see further drawdowns is what you do next. Unfortunately, there are “traps” that...

August 27, 2019
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Accumulating into a Profitable Trading Position: A System Checklist

Position accumulation is to increase exposure to a currency pair, by adding a second (or more) position in the same trading direction. Although on the surface the opportunity to increase potential return is attractive, there are also risks that MUST be at the forefront of your thinking. These principles described in this article are appropriate ...

August 21, 2019
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8 attributes of trading as a business rather than as a hobby – A checklist

  Many traders recognise the positive nature of the theoretical philosophy of treating your trading as you would a business, and yet the majority are unsure about what this may mean in practical terms and fail to move beyond the “hobby trader” in their trading activity. Recognising the potential wisdom of a “trading business approa...

August 19, 2019
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Two Advanced Position Sizing Techniques to Consider in Your Trading

Irrespective of what vehicle you are choosing to trade (Forex, CFDs, share CFDs), position sizing is a crucial part of your trading risk management. It is position sizing, along with effective exit strategies, that have an undoubted major impact on your trading results both now and going forward. At a basic level, the following are part of a...

August 8, 2019
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When good economic news is bad news?

  Market response to any specific economic data release is far from standard even if actual numbers differ greatly from consensus expectations. Rather the market response is based on context of the current economic situation. This week’s non-farm payrolls, being one of the major data points in the month, is a great case in point. Th...

August 2, 2019
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Trading plan statements – Developing consistency in action and measurement

A written trading plan, usually comprising of several guiding action statements, serves the following two invaluable purposes: Facilitates consistency in trading action e.g. in the entry and exit of trades, allowing the trader AND Measures the strategy used specified within each statement to make an evidence-based judgement on how well thes...

July 16, 2019
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ASX Share CFDs: Timing Entry: “The professionals close the market”?

Traditionally, one of the long-lasting market clichés is that the “amateurs open the market the professionals close it”. Although this may be a little simplistic, there is no doubt that commonly trading volume in equity markets is at it’s highest at the beginning and the end of the day, but of course there are active market participants thr...

July 9, 2019
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5 influencing factors on the impact of economic data in your trading

There are few times when the market (irrespective of trading vehicle) is more likely to move in price quickly than on the release of some economic data. Judging potential market response can be complex as often many data points are released in quick succession but is an important component of overall risk management relating to your trading positio...

July 3, 2019
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