• Conversation with a failed trader

    Today I met a chap who is a failed trader. This was a rare opportunity. I had known him for about 3 months just fromRead More

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    Conversation with a failed trader
  • The loser’s game

    The news has been out from August 2018 that the European Securities and Management Agency (ESMA) has compelled all brokers (subject to its jurisdiction) toRead More

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    The loser’s game
  • Bitcoin: Investor, trader, gambler or idiot?

    In the last few months we’ve received inquiries from several about Bitcoin and various similar things, often referred to as cryptocurrencies. In essence many ofRead More

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    Bitcoin: Investor, trader, gambler or idiot?
  • Microtrends and risk aversion

    Many a trader will have looked at the same chart (say AUDUSD) at different times (let’s say 4 hours apart), and had doubts or anRead More

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    Microtrends and risk aversion
  • So did you get it right?

    Did you get it right? This is an important question for new and seasoned traders to think about – but there is a problem withRead More

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    So did you get it right?
  • New traders conned

    This morning I receive yet another email from somebody selling a system for beating the markets, subject to terms and conditions. It’s some software thatRead More

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    New traders conned
  • This is worth your next million

    Lots of new traders are looking for a magic solution to make money. They come into trading as a sort of flirtation – to seeRead More

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    This is worth your next million
  • Sterling causes excitement

    Those who were watching Pound Sterling, would have seen some excitement recently. The Prime Minister, Theresa May, called a snap election on 8th June 2017.Read More

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    Sterling causes excitement
  • Mission Impossible – early notice.

    What if there was a way to take money out of the markets (legally of course) without  having to figure anything?! That must be theRead More

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    Mission Impossible – early notice.
  • Nerves of steel – like Formula 1 racing.

    Many new traders are unaware that they actually need nerves of steel. Some will argue that ‘nerves’ are not part of the equation – ifRead More

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    Nerves of steel  – like Formula 1 racing.
  • Dreamers exploited

    The more I look around the net on trading courses, the more I come to think that there is a big scam going on. SomeRead More

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    Dreamers exploited
  • Tools – not fools!

    The tools referred to here are ‘physical’ things – as against ‘psychological’. This is about some of the stuff that could be of use inRead More

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    Tools – not fools!

A resource for new and seasoned financial traders who are serious about developing their skills.

What about Fibonacci?

It’s a long story and an very important one for all traders – what Fibonacci is about. Why is Fibonacci so powerful? It is an operating principle in nearly every sphere of our existence. Some have referred to it as the hand of God or God’s fingerprint. Fibonacci in socio-economics After many months of interacting with the markets, I’ve come to some understandings which I share. I will cut this down to the essence ofRead More

Basic concept of leveraging

Spreadbetting is about leveraging*. In spreadbetting a bet may be  only £1.  What does that mean in real terms? A share can be worth £50 today on the stock market but on leveraging platforms it may appear as 5000 points (bear in mind that I’m only using the word ‘share’ conveniently because you don’t own anything with spreadbets). When you buy a single share on the stock market you pay only £50 and that’s itRead More

Stalking Skyworks Solutions Inc

Skyworks is a uniquely strong equity. Overall the indications are that there is probably going to be a bounce up on the Earnings Release on 23rd July 2015. This is not a trading tip. If you play this and lose real money, you do as we always say – ‘Sue yourself’.  

Introduction to MACD

MACD is a useful indicator in many situations. As always it ought not to be used on it’s own to make decisions about probabilities of price movement. It is like most indicators, a lagging indicator. That means that it looks back (all any indicator can do) at price and gives a representation of what was happening. Only you can decide what may happen next – not the MACD, any other indicator, or any combination ofRead More

Lennox sniped

The following chart shows a snipe that was being prepared for in the background. The trade is now concluded with a profit of £888 on a £1 bet. Many thanks to one of our new traders for spotting this set up, in advance. The opportunity came quickly so didn’t blog it before hand. The algorithm used is at:  updated strategy.

Danger in volatile instruments

The chart below is of BITCOIN (BTCUSD). Some people would have lost a pile of money on just a 10p bet even though they had stop-losses in place. No – this didn’t happen to me. What this means is that there are hidden dangers in playing very volatile instruments. You have to know the name of the game. If you’re playing with fire, ensure you can escape.

Grasping the basics

Many new traders will find the whole business of ‘understanding’ what’s going on to be mind-boggling. After all there is so much new terminology and concepts to put together. Charts often appear to be confused and even video materials seem so filled with jargon. All this could be real deterrent to new traders finding their feet or even persisting. The risk is that new traders forget about all that and just have a go. What’s likelyRead More

DEMOPHOBIA

Cutting to the chase quickly, this is about fear of demos. What’s a demo?  A demo is a demonstration item, appliance, facility or whatever – it doesn’t really matter. Yes I know ‘demophobia’ has another formal meaning. I’m using here to refer to demo accounts only as defined in the infographic below. I’ve now come across six people who are crippled by this condition. One is a pre-demo-trader, the other five are new traders whoRead More

What’s powerful about support?

When I first started off trading, I had my doubts about whether the concept of support (and resistance) was actually for real. The chartS below are some fine examples that demonstrate the power of the concept. Support means that which resists falling through the floor. It’s just like a floor actually. Floors do break on occasion depending on the integrity of their structure and the amount of pressure put on them. So too it happensRead More

GUPPY PERSPECTIVE ON AUDNZD

The perspective on AUDNZD below, gives a picture of a trend breakout to the upside on daily chart. Spikes in or through the slow EMAs (in red) have been rejected. The screenshot below speculates on what may happen. The SYP applies.