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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
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 MoreLearn More
A resource for new and seasoned financial traders who are serious about developing their skills.
Newtrader.club supports https://mps-trade.com/
F E A T U R E D
Gaps are traditionally taken by new traders and some gurus, to mean that price will continue on balance, in the direction of the gap. In financial trading that is only true some of the time. Even if it is true, say 55% of the time, what does it mean for new traders? Nothing! Why? Because the only issue in profitability is how a new trader controls their acceptable loss (aka stop loss). The chart ofRead More
Big disclaimer: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. No investment advice, is provided nor are any claims or promises made that any information here will lead to a profit, loss, or any other result. All expressions are for educational purposes only. What is a derivative?Read More
What if there was a way to take money out of the markets (legally of course) without having to figure anything?! That must be the ‘Holy Grail’, some will say! And others will say IMPOSSIBLE!! And if you found the Impossible, would you share it? I don’t think so. Newtrader is investigating just such a Holy Grail. Yes – this is Mission Impossible! It starts with the chart below (which you click on to seeRead More
There is no excerpt because this is a protected post.
There is no excerpt because this is a protected post.
Good snipers wait in the bush – they watch their prey very carefully. They take their shot when conditions are right. Every sniper knows that s/he may miss their target. DISCLAIMER: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, we do not provide investment advice,Read More
Demo or paper trading is very advantageous to new traders in learning much of the basics of financial trading. This site strongly recommends all new traders to blow up demo accounts of any size at least 5 times!! One of the issues with that, is that new traders may come to feel demoralised and then decide that they “can’t do this”. Well that could well be true. Note however, that nearly every successful trader hasRead More
This is a short one. Over the last 3 years I’ve come to appreciate – and more so in the last year – that the really big action is on the 4H time frame. Yes – for sure there is even bigger action on the daily (1D) time frame on lots of markets/charts. But 4H is where most of it happens. 4H is also a good time frame for new traders and seasoned traders –Read More
Stop-losses are very important to all new traders. In this post I look at it more deeply. The infographic below is about fixed targets which are relevant to most types of trading strategies. It is not very relevant to trend-following methods.
I’ve been stalking NZDCAD for some time. It is a most interesting and challenging currency pair. In August I was stalking NZDCAD for a short. At that time there was a weekly zone of resistance. Now here at the end of November, the picture has changed. Sound traders shift their mindsets as new information emerges. I’m long on NZDCAD, having contracted to lose a controlled amount (alias stop-loss). This means that I do not know whatRead More