Embrace the odds in your trading “Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.” ― Nassim Nicholas Taleb, Fooled by Randomness: The Hidden Role of Chance
How to plan your trades using Japanese candlesticks Japanese candlesticks and their patterns can be a valuable source of information for Forex traders. We examined their structure and patterns in the previous articles. This time, we’ll focus on applying the theory to practice and see how one can use the logic of candlesticks for opening
Trading strategies: Trading news releases Trading a news release can be another useful tool to have in your trading inventory. However, there is a right way, and a wrong way to trade a news announcement. This article will aim to guide you how to recognise key news that can be traded, how to enter, where
Up $0.37  or 0.52% The price of crude oil settled at $71.34. That is up on the day by $0.37 or 0.52%. The high for the day reached $72.01. The low extended to  $70.64.  For the week, the contract settled last Friday at $74.34. So for the week, the price is down an even -$3.00
The allure of gold… Gold’s history dates back to at least 3100 BC and has probably been traded before then. Over the years Gold has continually increased in value. More recently, since the financial crisis of 2008, the price of Gold has rapidly increased. This huge increase over the period made it one of the of the
Support and resistance explained One of the most foundational aspects of technical analysis is support and resistance levels. These levels are key as they offer traders obvious places to limit and define their risk. There also represent places that price should not go if a trader has correctly analyzed their trade. Take your trading to
How to navigate a path through an upcoming risk event A risk event is any market event that the market is anticipating. For example, this could be an anticipated rate statement, a speech from a central banker, or a long awaited trade deal announcement like Brexit or Nafta. There are two key ways to trade
The greater fool theory explains almost every bubble Some things have an intrinsic value. The most-obvious example is a stock with a dividend. The absolute floor for an equity is its dividend and so long as their is a profitable business behind it, the value is a multiple of that dividend. Other things don’t have
How focused are you on anticipating your forex trades?  It makes a huge difference. In many things in life, you can often find ways to anticipate what might happen next. In essence, you see the future.  Athletes do it all the time. The best athletes anticipate what will happen next. Animators – who bring cartoons
Five patterns for new forex traders Being new to trading forex can often feel like wading out into dark choppy waters. It’s intimidating, unknown and overwhelming. Continuing the water metaphor, the internet is sea of information regarding trading, reading charts and extrapolating information from them. Figuring out the best indicators for your strategy and trading
How focused are you on anticipating your forex trades? In many things in life, you can often find ways to anticipate what might happen next. In essence, you see the future.  Athletes do it all the time. The best athletes anticipate what will happen next. Animators – who bring cartoons to life – also use
How to trade TRY The Turkish Lira has fallen dramatically in recent weeks. The Lira is down over 30% on the year and it had a 16% drop on just the 10th of August alone. One of the key reasons for the implosion of the economy has been Turkey’s current account deficit. This simply means
What does it take to be a trader If you are a successful part time trader eventually you will ask yourself the question – “Could I do this professionally?”. If you have a proven track record with a solid strategy and a viable risk/reward ratio in place – theoretically you should be able to “go
Platform review You can trade with confidence at as it is a fully regulated broker licensed in the European Union and governed by the Cyprus Securities and Exchange Commission (CYSEC). It employs rigorous safety practices and adheres to the MiFID (Markets in Financial Instruments Directive).  It has recently been audited by the prestigious Pricewaterhouse
Climbing the path of improvement All of us want to keep improving in our trading, so how can we keep continuously developing? We achieve this by building on our strengths and working on or around our weaknesses.   The first thing to do is to be brutally honest with yourself and reviews these key areas: