Have you ever had one of those trading setups that boasted a staggering amount of confluence fail in dramatic fashion? You know the kind of setups that wouldn’t look out of place as wallpaper on your mobile phone! Of course you have. We all have! One reason the area may have fell flat could have … Continue reading The importance of an Economic Calendar
‘It pays to know where you are in the bigger picture’. We’re not entirely sure where this statement originated from, but it is certainly one that should be memorized. What is a multi-timeframe approach? It’s no secret that adopting a multi-timeframe approach can enhance your trading. The problem, however, is that some traders find it … Continue reading Using a Multi-Timeframe Approach
Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to. In other words, it is money that one CANNOT afford to lose, and therefore, should not really be using it to trade the markets with. An example of hot money is … Continue reading What Does Fearful Money mean to Traders?
Is spending countless hours at your trading desk the kind of freedom you had in mind when you first voyaged into the trading world? If you are one of those unfortunate souls scrutinizing each pip movement with little to show for it, switching things up to the higher timeframes could be an option. Remember the … Continue reading Trading the Higher Timeframes
Although having a well-defined trading strategy is vital to get ahead, some traders (particularly those new to the business) mistakenly believe that this is the be-all and end-all of trading, and therefore pursue perfection. Sorry to be the ones to burst this bubble, but there is not a perfect strategy that’ll rain pips day in … Continue reading The ceaseless quest for a perfect strategy