Updated June 2020 While it’s true all trading strategies shoulder losing setups, some losses can be avoided. Experienced traders are conscious of what’s ahead on the economic calendar. Newer traders, though, often expose positions to unnecessary risk around news time. Price Action – News Economic news releases can drastically affect price movement. Depending if market … Continue reading The Importance of the Economic Calendar
‘It pays to know where you are in the bigger picture’. We’re not entirely sure where this statement originated from, but it is certainly one that should be memorized. What is a multi-timeframe approach? It’s no secret that adopting a multi-timeframe approach can enhance your trading. The problem, however, is that some traders find it … Continue reading Using a Multi-Timeframe Approach
Updated June 2020 Although having a well-defined trading strategy is vital to get ahead, some traders mistakenly believe this is the be-all and end-all of trading and pursue perfection. The quest for a flawless approach is widespread, often elbowing traders into a vicious cycle – a cycle that can last for years, and for some, … Continue reading The Ceaseless Quest for a Perfect Trading Strategy
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
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
