Nowadays, you’d be hard pressed to go a day without reading or hearing about cryptocurrencies, and for good reason. 2017 proved to be the year of cryptocurrencies. Popular instruments achieved unprecedented growth, smashing record after record. A universe once ruled by Bitcoin has seen a new band of cryptocurrencies emerge, such as Ethereum, Litecoin and … Continue reading Getting Smart With Cryptocurrencies: A Brief Outline
Have you ever found yourself tempted to pull the trigger on a trade that did not meet your rules of engagement (your trading strategy rules)? If you haven’t, then kudos to you! If you resemble the majority, however, then you have very likely been in this position more than once. Despite the title, this will … Continue reading What to look for in a Forex Trading Strategy
Goal setting Having something to strive for should be an essential part of your trading plan. It is how we develop and ultimately progress. Goal setting is a component that should not only focus on financial objectives; it should also look at developmental goals as well. Some examples of developmental goals might be: Sticking to … Continue reading How to Build a Trading Plan: Part Four
As briefly highlighted in part one, the staple behind any respectable trading plan will place a strong emphasis on risk and money management principles. What is your overall market risk? Overall market risk is the maximum permissible amount of capital at risk at any one time. As an example, let’s say that we have set … Continue reading How to Build a Trading Plan: Part Two
What kind of response do you think you’d receive if you were to ask ten willing traders for a copy of their trading plan? Our guess is less than 30% would reply. This highlights a clear problem and may help address why so many find it difficult to accomplish their goals in this business. A … Continue reading How to Build a Trading Plan: Part One
