Trading Psychology

In the previous entry in this series, we talked about the two different outlooks when it comes to setting up your trading system. Whether you are going to be a contrarian trader, or whether you're going to go with the flow. As mentioned,… Read More

If you've read the previous articles of the How to Set Up Your Own Indicator series, you'll know how indicators work, and specifically that they target patterns. Patterns offer a certain amount of predictability, and that leads us to have… Read More

USDCHF or USD/CHF is shorthand for the pair of currencies comprised of the United States Dollar and the Swiss Franc (the symbol comes from the official name of the country: Confoederatio Helvetica, plus Franc). Traders often call this pair… Read More

Having understood how an indicator works from the basics article from this series, let's try to construct a very simple indicator to apply the fundamentals so we can better understand how an indicator works. So, we'll start with the… Read More

Everyone who has a license knows how to drive a car without needing to know how the engine works. But, those who are really good drivers - more importantly, those who make the most out of their vehicle - typically have a working knowledge… Read More

In the trading station on your MT4 platform, on the bottom you'll see a tab that says "exposure," and this opens up a handy bar graph and pie chart. What's this for? Well, it measures your exposure, sure, but how can you use that to your… Read More

Control is unfortunately quite frequently the most forgotten aspect not just of trading, but of management in general. In this context it means comparing the final results with the original plan, seeing if they match and figuring out what… Read More

Once you've got your trading plan in place, it's time to put it in practice. This is the fun part that got you interested in trading in the first place, so you've likely already put a lot of thought into it. However, there are some ideas… Read More

We already went over the similarities between trading and financial management. Now we are going to get a little deeper into each one of the elements of management that could help with your trading. Planning to succeed Having a plan… Read More

For a lot of traders, trading is something of a hobby, and they approach it with the same level of disorganization that they do their stamp collection. On the other hand, some hobbyists take their actions seriously and act with… Read More