Inner Circle Recording: Precious metals – Current status and outlook
In this session we explored Current state of precious metals after the significant run up in price over the last few months. We examined: -. The four key factors that seem to be driving price now – Considerations when contemplating an investment including those things that could halt the current bullish run. The video can be watched below: any comments or questions to...
Adding the RSI to your entry or exit decision-making
The Relative Strength Index (RSI) is an oscillator type of indicator, designed to illustrate the momentum related to a price movement of a currency pair or CFD. In this brief article we aim to outline what this indicator may tell you about market sentiment, and along with other indicators assist in your decision-making. As with most oscillator type of indicator, the RSI can move between...
3 Game-Changing Questions You Could Ask of Your Trading Journal Data
In previous articles we have discussed in detail the merits of a trading journal in offering evidence for both: a. How well you are following a trading plan? b. How well your trading system is serving you? (assuming you are already following a trading plan) We have also outlined the importance of “closing the circle” and making sure you review journal data and action plan to make any...
Should current market volatility merit a review of how you are trading?
Volatility revisited Volatility is a measure of the range of price movement over a defined period on a specific timeframe on which any calculation is performed. It may increase or decrease dependent on market conditions and aims to provide the trader with an indication as to whether the range price movement in subsequent candles/bar is likely to be large or small. Of course as with the...
Avoiding three pitfalls of shorter timeframe online trading
The relative ease of online trading today has not only increased the opportunity of access but flexibility to trade different time frames that can better “fit” around other things going on in life. Trading short timeframes is a popular choice for many online trading strategies. Indeed, the shorter time-frame charts e.g. 15 minutes or less, are often peddled by so called trading gurus as the...
The Top 5 daily habits of experienced traders
Success leaves clues, and over the years as an educator and coach with traders just like you, there are several things that those who achieve positive trading outcomes appear to do, that those who are less successful may not. One of these is to have a daily agenda or habits that go alongside direct trading activities with the aims of getting and staying in the optimum “state” to trade...
Counting the cost of poor trading discipline – A motivation for change
Before we start, this is one of those “tell-it-how-it-is” articles, so perhaps turn your sensitivity meter down a little and read this in the nurturing, supportive spirit in which it was written. It does involve some work for those who are serious about growing as a trader, so be warned it lays down a challenge to act. The bottom line is that you may have done the ‘technical’...
Video: Inner Circle – Interviews with successful traders – Nigel Hawkes
Please find the recording of the Latest Inner Circle session, the first in our NEW interviews with successful traders series. Nigel Hawkes is the epitome of a lifetime trader, now at 71 he trades for a living. Hear his fascinating trading journey, the foundation principle of “Six ways the market moves” and his 3 golden rules he abides by in his trading on a daily basis. You can...
Managing risk and opportunity when accumulating into a profitable open position
Position accumulation is to increase exposure to a currency pair or CFD, by adding a second (or more) position in the same trading direction. Although on the surface the opportunity to increase potential return is attractive, there are also risks that MUST be at the forefront of your thinking. Are you ready to accumulate? Before considering position accumulation to your trading behaviour, it...Inner Circle Video: 4 ways to potentially increase your average profit in winning trades
Here if the recording of this week’s Inner Circle session to review if you managed to attend or see for the first time if you were not able to make the session live. The principles covered are applicable across all trading vehicles. (click on the icon in the corner for full screen) Please feel free to follow up with any queries you have by dropping an email to...
Another New Indicator? – 4 Key Questions to ask
Invariably, the motivation to look at adding another technical indicator beyond that which you are already using, is a belief that your trading results, and the system that creates these, could be improved. As traders, we are bombarded with information relating to the use of technical indicators to guide decision making in our entry and exit decisions. Such information can be...