It was 2003 and I had all my plans in place. I’d bought a trading course from the classifieds section of Investors Chronicle (or was it Shares magazine? I can’t remember). It was called Champion Trader and was my first introduction to the exciting world of trading. It taught me all I needed to…
The predominant thinking with trading psychology is this: get rid of emotions and you’ll succeed. But, this is a primitive approach to a rather complex subject. The idea you can just lose your emotions and fears through suppression is like trying not to think about sex when an attractive opposite walks past. Unless you have…
An ever-raging debate with traders new and old is, is trading gambling or not? You probably stand firmly on one side of that debate, most likely in the no camp. But there are a surprising number of traders who believe trading is gambling. Here are two definitions of gambling. play games of chance for money;…
If you’re desperate to improve your trading because you lose constantly, change systems frequently, or are just too damn scared to pull the trigger, this article is here to help. At Tradeneophytes.com, my goal is to argue for the simplification of trading, and by doing so, a beginner can quicken the learning curve. In…
One of the benefits of CFD trading is going ‘short’. Brokers are always touting its benefits. And there’s always an army of fresh new traders short the pants out of one market or other. For beginners at least there seems to be something rather cool about it. The best (and quickest) money I ever made…
How to keep calm whilst trading? How to stop trading fears? If you’re asking these types of questions then you’re asking the wrong ones. You need to be asking, how do I develop great trading habits? Riddle me this: if a professional trader and newbie have the exact same trading plan, why is it the…
Having emotional control is one of the keys to trading success. The bitcoin bubble was a time I witnessed many people losing theirs to irrational herd-like behaviour. It was fascinating to see. This article talks of that particular boom-bust, and what it can teach us as traders – no matter what the timeframe we’re using….
There’s a reason I opt for simple trading systems; the more inputs a system has, the harder trading discipline becomes. So I’ve made all the systems, as idiot-proof as possible – me being the idiot. But designing systems is one thing, implementing them is a whole different ball game. Don’t be fooled into thinking because…
Tennis players have it, golfers have it. Even pick up artists have it. I’m talking of inner game. In trading, that means the ability to handle losing money. It’s something we all need to develop if we’re to become elite CFD or FX traders. In this article, I’m going to talk a little about how…
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…
