For one to say that support and resistance (S/R) is important would be a huge understatement. It’s absolutely crucial! We would even go as far to say that without sound knowledge of S/R, your odds of success (particularly for technical traders) are significantly diminished. The good news is that S/R comes in all shapes and … Continue reading Pivot Points: Are they a worthy addition to your toolbox?
First confronted with the somewhat esoteric terms risk-on and risk-off (or RoRo) typically (for those born in the 70s/80s) evokes childhood memories of the movie The Karate Kid – famous for its line ‘wax-on – wax-off’. Regrettably, though, RoRo is slightly more involved than waxing Mr Miyagi’s car! What does risk-on and risk-off mean? Risk-on … Continue reading Risk-on and Risk-off
‘Risk comes from not knowing what you’re doing’ – Warren Buffet. Foreign exchange (forex or FX) trading, once the domain of commercial banks, hedge funds, large corporations and high net worth individuals, is now available to anyone with an internet connection and sufficient funds to meet balance requirements. Although a low barrier to entry, a number … Continue reading Position sizing – where SIZE really does matter!
‘Hope for the best, plan for the worst’ – Lee Child. While we tend to evade the word ‘hope’ in trading, the opening quote resonates rather well with the trading world. But do traders really plan for the worst, or are they just relying on hope? Planning for the worst There will be instances where … Continue reading Do you have a cut-off point?
Typically, one’s first encounter with the financial markets tends to be a mind-boggling one. Faced with a myriad of peculiar terms and an inordinate number of different markets to choose from, it can almost seem an impossible feat to trade effectively. To help clear some of this confusion, the following piece will illustrate what the … Continue reading The Spot Market