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
The following are a few candidate snipes on my radar. There are several different ways to play these. The sue-yourself principle applies.
Microsoft is at an interesting point in it’s history. Price has reached some critical areas. Click thumbnail below to see more. I’ve not entered a trade on Microsoft as yet. I may do so. For noobs, yes price may fall – that’s always a possibility in this game. You’ve gotta be prepared to lose, and limit those losses, in order to win. But so far price looks probably like it may rise. So I’m stalkingRead More
Can anybody teach you how to have a first major sexual experience? Chrysst! Do you go to mum or dad and say ‘teach me’? Does reading a book or video on it actually teach you much? I’m afraid this graphic example is only to suggest that you can read all about it – but doing it is another matter entirely. Beside knowledge about the ‘mechanics’ of it, you still gotta learn from experience how toRead More
There are many traps out there. This one is typical. Don’t get caught up before an earnings release.
Results of the snipe are visible by clicking the thumbnail below. The assessment of this stock as a good snipe opportunity undertaken about a week earlier. I do not go into the whole process here. There were particular features of the personality of the Monsanto stock price chart, that led me to think it was a good hit. Not all the features are on the chart. The large chart is as it was on 23/03/2015.Read More
Support and resistance are absolutely important concepts for all traders. Supporting what – and resisting what – are the questions that most new traders ask in their own minds. The easiest way to imagine ‘support’ is by reference to physical analogies. Forget about charts and trading for a moment. Have you ever needed a loan from friend or family? If not just imagine it. A loan is a form of support. You don’t want yourRead More
This is a snipe on the National Grid that is now in profit. In this particular stock (spread-betted on), I aim to show the ‘personality’ of the stock. Well of course a stock can’t have a personality as such. By personality I obviously mean the collective mindsets of those involved in the market on this stock. As in real life, the personalities of people often predict how they might react. We often hear people sayingRead More
Chevron is at an interesting point in it’s history. Price has hit a reasonably strong band of support going back to 2013. (see update at end). Basic fundamentals on the stock look possibly favourable. I’m watching this one carefully. (Note that the ‘sue yourself principle’ applies if you trade this and lose.) Update: Profits on Chevron analysis speak for themselves. ‘Twas a good snipe for £514 profits.
The Forex (foreign exchange) markets are the biggest and most liquid in the world. Every day about 4 Trillion US dollars (USD) are turned over on that market. Compare that with 50 Billion/d on the New York Stock Exchange and the GDP of the UK/yr being 2.9 Trillion USD. A UK Trillion is 1000 Billions. For some other figures (which may vary) see here. Average daily volume of trading on Forex has been increasing byRead More
The Altria set up is looking very interesting indeed. I’ve entered long on this. [Note that the ‘sue yourself principle’ applies if you lose betting this]. 17/03/2015: Update. Based on my analysis of Kroger, I calculate that Atria is similar. Yes – I could be wrong. This is not about being right. Profitability is about being right only about 40% of the time and making the aggregate of 40% of those wins bigger than aggregateRead More