Trading Plan: Writing Instructions For Yourself

Writing a Trading Plan is really not that hard, the problem is that Traders tend to leave out small but important information. And that leaves plenty of opportunities for mayhem. To make this simple, I thought I’d propose the following: Instructions for a Million Pound Account You are about to go on holiday and you…

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The 4Rs to Overcome the Fear of Losing

Do you have a well developed and profitable strategy? And you’ve back tested the strategy with sufficient sample size and it has rules that suits your personality? Yet, you’re still struggling to implement the rules on a consistent basis? Is that because of Fear? If yes, then please read on. Unfortunately, like me, one of…

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Understanding Lot Sizes in Gold, Silver and Crude

For those of you who are interested but do not know how to trade lot sizes on Commodities above.   Silver: Standard Lot: When trading 1 full sized lot on silver, I.e. Volume = 1.00 you are buying 5000 ounces of silver on margin. So your margin held will be 1% of the total price…

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Trading Any Where in the World

There are endless benefits of trading the Forex market but, this week, I’ve made the first step of making a dream into reality – Trading Any Where in the World (provided there’s decent internet connection which is not hard these days) After a few invitation to visit my trading buddy (and good friend), I took…

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20 Habits of Wealthy Traders

1)      Patient with winners and impatient with losers 2)      Making money is more important than being right 3)      View Tech Analysis as a picture of where traders are lining up to buy and sell 4)      Before they enter every trade they will know profit target or stop exit 5)      Approach trade no.5 with the same…

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When Expensive becomes Cheap: Resistance Turn Support

Related article: Understanding Support and Resistance (S/R). Prices breaks above Resistance level In the past 12 months, the retail price of apples has been ranging between £0.50 (Support) and £0.75 (Resistance) in a specific market. One day, there were rumours about a local government initiative to increase the price of fruit fertilisers. This would have a direct…

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Understanding Support and Resistance: All about Apples and Oranges

Related article: When Expensive becomes Cheap: Resistance Turn Support You’re a huge apple fan and you’ve been buying apples from a specific fruit stall for the past 12 months. During the peak apple season, apples are in abundance and they cost in the region of £0.50 each. In the off peak season, when apples are harder…

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