You’ve probably read about the risks of trading. Having heard stories of scams, losses, and failure, many a potential trader agonises over whether to open a trading account or not. While there are scams, losses, and failure; scams are far from the norm, losses are simply a business expense, and failure only comes to those…
Simple Pattern Trading is the most effective way for a beginner to trade leveraged instruments like Forex and CFDs. Focusing on one, two, three-bar price patterns, and the most recent open, high, low and close data (OHLC) makes the process of trading easier than say traditional forms of technical analysis that monitor a large range…
Nope, this isn’t a post about the Crusades to the Holy Land, in search of some legendary golden chalice. It is, in fact, a very serious article about the Trading Holy Grail, a mythical quest for one infallible indicator, system or combo of methods that delivers perfect trading results. And a quest so many advanced…
In part one of The Ultimate New Trader Guide, we looked at how to approach Forex and CFD trading in the right way, including the mindset needed to become a master. Here, in part two, we’ll concern ourselves with types of analysis used, and touch on the best markets to trade, timeframes and finally talk…
In this new trader guide, I’m going to prepare you for what it takes to be profitable. It is a broad outline and basis for topics to be discussed more in-depth later, but its advice is solid advice nonetheless Followed correctly it steer you away from many of the mistakes beginners make. It’s a three-part…
Day-trading has a special place in the heart of a newbie, the idea you can sit at home each morning and pull out a living wage is the most appealing thing about it. Equally as appealing is spending all day on the golf course as a ‘trend-trader’, not really having much to do at all,…
The harami is a potent candlestick pattern, and it’s presence often leads to dramatic price moves. However, it is also an under utilised pattern and for many traders, it’s presence is not given the credit it deserves. This article explains what the harami is, and why it’s so special. For Simple Pattern Traders like myself,…
One of the better trading methods within the broad subject of technical analysis is Japanese candlesticks charting. You will have seen them on most price charts, but may not have understood their importance. They are for more than just making a chart looking cool; for the trader who knows how to use them, they provide…
Probably the best CFD trading tip out there is to simply stop obsessing over your trading. All obsessions in life are unhealthy. And trading is no different. Traders who are consumed with their trades are traders who suffer from performance anxiety. This anxiety mainly manifests as a compulsion for screen-watching. Only when you stop caring…