Educational

 

Your first or next million?

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 see ‘if it works for them’. It doesn’t. There are no hard statistics on this but Charlie Burton estimates that about 80% of people who beginRead More

What is gambling?

Gambling is a bad word and a bad thing for most people. Strangely enough at September 2014, it was estimated that “70 per cent of UK adults, more than 32 million people, play the lottery on a regular basis.” This means that 70% of the UK population are gamblers. The percentage of people taking chancesRead More

On luck, chance and prediction

In several posts the issue of luck and chance were touched on. There is a need to explore this further, as many who know little about financial trading believe it’s largely about luck and chance. Introduction It is important that words like luck and chance are defined here. Luck as aRead More

FAQ on derivatives

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 madeRead More

Protected: What happened next with USDCAD

There is no excerpt because this is a protected post.

The limitations of demo trading: of pain and gain

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 comeRead More

Where the big action is – 4H

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 onRead More

Another look at stop-losses

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. 

NZDCAD Long

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 mindsetsRead More

Blood bath on Wall Street?

For those who have been watching the US30 or the SPY or the DJI, there is some crazy stuff going on. The on the night of the Trump victory, the bears mauled the bulls – as you can see on chart below. The bulls rebelled within hours. The market ralliedRead More