Trading Strategies, Psychology

Trading Strategies, Psychology

Setting Up Phone MT5 Trading Notifications For Pending Orders

The ability to set up phone notifications for trading activity on your MT5 platform has many advantages including of course the opportunity to “Check-in” on the market whist on the move. It could be argued that this ability goes beyond simple convenience and in the case of “pending orders” could be viewed as an important part o...

June 18, 2019
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Position Sizing for ASX Share CFDs ( Free calculator download )

Position sizing is simply the number of contracts that you choose to enter for any specific trade. It is this, combined with the movement in price (either positively or negatively) from entry to exit in your trade, that determines your final dollar result for any specific trade. As this result impacts on your trading capital, position sizing,...

May 15, 2019
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Cognitive Trading Biases #1 – Loss Aversion

As a serious trader, one of the key areas you must work on is to develop an awareness of the way the market affects your mind, and subsequently the decisions you make whilst in a trading situation. What are trading biases? People have inbuilt set of belief and value systems that develop over the years through learning and instruction from others a...

May 14, 2019
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Are You Just ‘Interested’ OR REALLY Committed to Becoming the Trader You Can Be?

Look, we get it… the thought of making money from the financial markets is appealing to the newcomer (and even experienced trader). Appealing enough to invest some time (often a great deal) and some money (often a great deal). At this stage, it is “interesting” (even exciting), but NOT committed. You may even have been told it is easy i...

April 15, 2019
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Are You an Honest Trader? 5 Powerful Questions to Ask Yourself Now

“The least initial deviation from the truth is multiplied later a thousandfold.”  - Aristotle We came across the above quote from the famous Greek philosopher and couldn’t help thinking how relevant this is to trading, so thought it was worth a discussion to stimulate some self-reflection of your behaviour and thinking like a trader. ...

April 11, 2019
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Accumulating into a Profitable FX Position: Opportunities and Risk Management

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. Are you ready to accumulate? Before considering position accu...

April 9, 2019
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Is your trading plan specific enough to allow meaningful and decisive ACTION?

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...

March 21, 2019
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Are You Appropriately ‘Aroused’ for Peak Trading Performance?

There is NO such thing as emotionless trading AND in many respects, it may be considered that it is a good thing too. After all, correctly targeted emotions will allow you to: Have an exciting, compelling trading purpose that drives you to do the hard yards with your learning (we know some people fail to complete a course or put learning into ac...

March 8, 2019
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Yield Curves: What Are They And How Can We Use Them?

Undoubtedly anybody who dabbles or takes an interest in the financial markets will have come across the term yield curves. Perhaps stumbled on during research or overhearing Bloomberg TV hammer home various aspects of yield curve movements. Either way, yield curves are embedded in the fabric of financial analysis and are considered a fundamental ...

October 19, 2018
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Understanding Inflationary Pressures

Broadly speaking, inflation is a general increase in prices which result in a fall in the purchasing value of money. In this article, we are going to look at measures of inflation and other indicators that can help traders to detect early signs of inflation. Traders try to follow the inflationary pressures to anticipate the next interest rate m...

September 14, 2018
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Art of War and Trading: Part 2

兵者,诡道也。 All warfare is based on deception. Investment is, in essence, a game of intelligence and psychology, and the importance of calculation is behind the first two elements. At first, many beginner traders misunderstand what it means to be a profitable trader. Most assume that as long as they are good at mathematics or a similar ...

September 3, 2018
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Six Attributes of a Good Trading Plan

  As a trader, you’ve probably found that having the right trading plan plays a significant role in your trading success. A basic trading plan should tell you what, when and how much to trade. It should also have specific instructions on when to close out your trades. As traders, we all need a well thought out trading plan to navigate our w...

August 28, 2018
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The Art Of War And Trading: Part 1

What Is The Art Of War? The Art of War is an ancient Chinese book on military tactics and strategy who written by Sun Tzu around 500 BC. These writings are considered by many to be the most significant literature on military tactics and wisdom that can be applied to everyday life ever conceived. In this multi-article series, we will be interpreting...

August 28, 2018
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‘First Steps in Forex’ – Free Education Course

Why the ‘First Steps in Forex’ course with GO Markets could be just what you are looking for When someone like you has the idea that trading Forex could be a good fit with your investment objectives, it is logical that getting a solid foundation in place is one of the factors that can contribute in giving you the confidence and knowledge to tu...

July 24, 2018
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How to get an edge in the Forex market?

People often ask me how they can get an edge over other traders in the currency market. My simple answer is this. Study financial market history and it will greatly enhance your profit opportunity because Forex markets will highly likely react the same way each time based on how they reacted last time. Human beings are what drive all financial mark...

September 28, 2016
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