As briefly highlighted in part one, the staple behind any respectable trading plan will place a strong emphasis on risk and money management principles. What is your overall market risk? Overall market risk is the maximum permissible amount of capital at risk at any one time. As an example, let’s say that we have set … Continue reading How to Build a Trading Plan: Part Two
What kind of response do you think you’d receive if you were to ask ten willing traders for a copy of their trading plan? Our guess is less than 30% would reply. This highlights a clear problem and may help address why so many find it difficult to accomplish their goals in this business. A … Continue reading How to Build a Trading Plan: Part One
Did you know that most trading platforms offer in excess of 100 indicators? This, as you can imagine, often leaves traders overwhelmed, particularly in the earlier junctures of their journey. Before we get into the ‘meat and potatoes’ here though, remember that the best indicator will always be the one that suits YOUR trading style … Continue reading 3 indicators used by traders every day
Plotting support and resistance levels is often a challenging and subjective task. It is also commonly one of the first areas of price action new traders attempt to tackle. Support and resistance can be established in numerous ways, such as: trendlines, moving averages, pivot point levels, Fibonacci levels, key high/low points etc. A common complaint … Continue reading Using Psychological Levels in your Trading
While there’s a great deal of weird and wonderful trading jargon out there, there’s not much that tops ‘cryptocurrency’. Although the term could easily be confused with a new IPhone app, cryptocurrency is actually a form of virtual currency. Think of it as an ‘internet currency’. As the name suggests, cryptocurrency is a blend of … Continue reading What is Cryptocurrency?