GMTAuthor: Greg Michalowski

20

How you react can make a big difference



Each forex trade is an experiment that can lead to a failure/loss. 

Many new traders are not used to failing as many times as will happen in trading forex. That's tough to take for many. How traders think about trading failures can make a difference in the longer term success or failure. Turning failures into successes is key. 

How do you think about your trading failure?

Weekend homework

PS  If you haven't seen Adam's interview on BNN Bloomberg this week - "Why the old forex playbook doesn't work" -, you don't want to miss it.  





Have a great weekend!

ForexLive

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Wed 3 Oct 2018 05:18:25 GMT

24

Lessons for traders courtesy of Amazon's Jeff Bezos

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Lessons for traders courtesy of Amazon's Jeff Bezos


https://www.youtube.com/embed/QS3toxNZYds Greg Michalowski
Wed 3 Oct 2018 05:18:25 GMT
Category: Education
24


Jeff Bezos is the richest person in the world.  Can his lessons for business, work for you in your trading? In this video, I use pieces of the Bezos interview to parallel my innovative, experimental with flawed trading career path, that nevertheless led to a level of expertise and success. That success, only came after stepping back and viewing trading with a fresh, beginners vision.  

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Trade ideas thread - European session 16 October 2018
Asset 41
Tue 25 Sep 2018 17:11:04 GMT

Five tips for trading gold

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Five tips for trading gold


//az705044.vo.msecnd.net/20180925/ufx1.png UFX
Tue 25 Sep 2018 17:11:04 GMT
Author: UFX
Category: Education
0
The allure of gold... Gold's history dates back to at least 3100 BC and has probably been traded before then. Over the years  in value. More recently, since the financial crisis of 2008, the price of Gold has rapidly increased.

Asset 24 View More
Wed 19 Sep 2018 12:52:58 GMT

Understanding forex basics: Resistance and support

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Understanding forex basics: Resistance and support


//az705044.vo.msecnd.net/20180919/legacy1.png LegacyFX
Wed 19 Sep 2018 12:52:58 GMT
Author: LegacyFX
Category: Education
0
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.

Asset 24 View More
Sat 15 Sep 2018 18:36:54 GMT

11

Trading strategies: trading risk events

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Trading strategies: trading risk events


//az705044.vo.msecnd.net/20180915/screen-shot-2018-09-15-at-19.33.05.png Giles Coghlan
Sat 15 Sep 2018 18:36:54 GMT
Category: Education
11
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 risk events and that is by trading into them and/or out of them. 

Asset 24 View More
Fri 14 Sep 2018 20:58:23 GMT

18

The greater the story, the greater the bubble

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The greater the story, the greater the bubble


//az705044.vo.msecnd.net/20180912/greater-fool-theory.png Adam Button
Fri 14 Sep 2018 20:58:23 GMT
Category: Education
18
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.

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Thu 13 Sep 2018 05:50:33 GMT

13

Anticipation with risk events : Case study USDTRY

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Anticipation with risk events : Case study USDTRY


//az705044.vo.msecnd.net/20180913/screen-shot-2018-09-13-at-06.20.27.png Giles Coghlan
Thu 13 Sep 2018 05:50:33 GMT
Category: Education
13
Fail to plan, plan to fail st. The scenario outlined occurred and price was entered on the back of positive NAFTA news. The recent NAFTA optimism has receded now, so profit should be taken on that play from yesterday now.

Asset 24 View More
Tue 11 Sep 2018 18:25:49 GMT

3

Here's what a recession really looks like

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Here's what a recession really looks like


//az705044.vo.msecnd.net/20180911/canada-recession-perception.png Adam Button
Tue 11 Sep 2018 18:25:49 GMT
Category: Education
3
It's not that bad I earlier but here's a longer version. It shows Canadian GDP for the past 50 years. It's similar in most of the world. posted a part of this chart It's beautiful chart going from the lower left to the upper right with some tiny dips.

Asset 24 View More
Fri 7 Sep 2018 23:12:15 GMT

13

New to trading? Look for the signals of success

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New to trading? Look for the signals of success


//az705044.vo.msecnd.net/20180907/easy1.png easyMarkets
Fri 7 Sep 2018 23:12:15 GMT
Category: Education
13
Five patterns for new forex traders Being new to 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. RSI oscillates between the range of 0-100 if the price moves below 30 that means it is in the oversold region, if the price moves above 70 that means it is in the overbought region. Why is this important though?

Asset 24 View More
Fri 7 Sep 2018 13:29:30 GMT

15

It's all about anticipation ...

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It's all about anticipation ...


https://www.youtube.com/embed/kMtt4tSSr-w Greg Michalowski
Fri 7 Sep 2018 13:29:30 GMT
Category: Education
15
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. 

Asset 24 View More
Fri 7 Sep 2018 13:03:49 GMT

5 tips for trading the Turkish lira

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5 tips for trading the Turkish lira


//az705044.vo.msecnd.net/20180907/legacy1.png LegacyFX
Fri 7 Sep 2018 13:03:49 GMT
Author: LegacyFX
Category: Education
0
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 One of the key reasons for the implosion of the economy has been Turkey's current account deficit.

Asset 24 View More
Wed 5 Sep 2018 13:41:44 GMT

1

How to trade the German DAX: Top tips and strategies

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How to trade the German DAX: Top tips and strategies


//az705044.vo.msecnd.net/20180905/dax01.png SimpleFX
Wed 5 Sep 2018 13:41:44 GMT
Author: SimpleFX
Category: Education
1
How to trade Germany's main stock index The DAX is a blue-chip stock market index which comprises of thirty major German companies trading on the Frankfurt Stock Exchange (FSE). In this sense it is similar to the Dow Jones Industrial Average which also shows how 30 large publicly owned companies in the US have traded.

Asset 24 View More
Tue 4 Sep 2018 15:01:47 GMT

Full time or part time trading?

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Full time or part time trading?


easyMarkets
Tue 4 Sep 2018 15:01:47 GMT
Category: Education
0
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 pro". The real question though are those the only things necessary? What else do you need to    full-time? ForexLive

Asset 24 View More
Tue 4 Sep 2018 12:07:15 GMT

4

Platform review: A look at UFX.com’s MassInsights technology

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Platform review: A look at UFX.com’s MassInsights technology


//az705044.vo.msecnd.net/20180903/ufx1.jpg UFX
Tue 4 Sep 2018 12:07:15 GMT
Author: UFX
Category: Education
4
Platform review Wouldn't it be great to know how many traders are long or short the EUR/USD pair at any given time? How about knowing how traders in the UK or in France are positioned on the EURO as this screenshot below illustrates.

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Mon 3 Sep 2018 05:57:35 GMT

2

How to take your trading to the next level

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How to take your trading to the next level


//az705044.vo.msecnd.net/20180903/luc-tribolet-752831-unsplash.jpg Giles Coghlan
Mon 3 Sep 2018 05:57:35 GMT
Category: Education
2
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 or our weaknesses.  

Asset 24 View More
Fri 31 Aug 2018 22:00:27 GMT

12

Candlestick patterns that signal that a trend run is on

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Candlestick patterns that signal that a trend run is on


//az705044.vo.msecnd.net/20180831/fbs1.png FBS
Fri 31 Aug 2018 22:00:27 GMT
Author: FBS
Category: Education
12
Five patterns to look for Japanese candlesticks are the building bricks of the market. It's necessary to to distinguish their patterns so that you can look beyond the piles of price blocks and be able to read and foresee the movements of the price.

Asset 24 View More
Fri 31 Aug 2018 06:27:29 GMT

10

Respond, don't react. (And, remember to do your homework)

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Respond, don't react. (And, remember to do your homework)


//az705044.vo.msecnd.net/20180831/artem-sapegin-180146-unsplash.jpg Giles Coghlan
Fri 31 Aug 2018 06:27:29 GMT
Category: Education
10
Respond to your trading environment, don't just react Anyone , but only a wise man .  A desire to react, in the moment,  to our trading environment can be compelling, unexpected and catch us by surprise. As traders we face a constant battle with our self control and a great deal of trading is about . Often times we need to prevent the strong urges that we have to trade from influencing us. The reaction part of us happens almost instinctively. So, in order to evaluate our desire to trade we need to pause. By inserting a delay into our instant reactive desire we can grow in self-control and discipline. You might recognise this. Have you ever put on a trade, and then removed it only to put it back on 10 minutes later? You are  possibly . We don't want to just be reacting to the markets, we want to be responding. The central pillar of responding well is .  

Asset 24 View More
Thu 30 Aug 2018 06:06:41 GMT

21

How to develop a strong trading mindset

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How to develop a strong trading mindset


//az705044.vo.msecnd.net/20180830/mitchell-griest-715446-unsplash.jpg Giles Coghlan
Thu 30 Aug 2018 06:06:41 GMT
Category: Education
21
A strong frame of mind We have already established that trading is stressful (as if we needed persuading), so now let's look at some strategies for helping us to deal with stress. We all need stress to motivate us, . We just want to be able to. 

Asset 24 View More
Wed 29 Aug 2018 13:46:14 GMT

1

The strangest index for the rainiest of days

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The strangest index for the rainiest of days


//az705044.vo.msecnd.net/20180829/easy0.png easyMarkets
Wed 29 Aug 2018 13:46:14 GMT
Category: Education
1
What to look for when markets turn We are undoubtedly in the bull-iest of bull runs, which has made market watchers declare: Bully! The problem is that this bull seems to be running through a tech stock china shop. In the past few months we have Facebook take a significant dive after the Cambridge Analytica controversy and in the past few days we have seen Tesla stock flutter around like a drunken butterfly.

Asset 24 View More
Wed 29 Aug 2018 06:03:11 GMT

18

No one was born to win. It's all a matter of technique

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No one was born to win. It's all a matter of technique


//az705044.vo.msecnd.net/20180829/ali-yahya-579119-unsplash.jpg Giles Coghlan
Wed 29 Aug 2018 06:03:11 GMT
Category: Education
18
Winning and Losing in the Markets have yourecognise the stresses of winning and losing.  How do you handle the stress of trading? Have you ever felt like throwing your computer out of the window with a losing trade? Or 

Asset 24 View More
Tue 28 Aug 2018 06:21:04 GMT

8

How to develop the right frame of mind for trading 

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How to develop the right frame of mind for trading 


//az705044.vo.msecnd.net/20181003/trading-decision-making.png Giles Coghlan
Tue 28 Aug 2018 06:21:04 GMT
Category: Education
8
How do you make trading decisions?   Scenario 1 Imagine you have £10000. You can keep it or take a chance. The chance is to flip a coin and if you choose the right side of the coin you win double; £20000. Choose the wrong side of the coin and you lose the £10000. What would you do? Take the money or take a chance?   

Asset 24 View More
Mon 27 Aug 2018 16:48:06 GMT

Trend following: The silver bullet?

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Trend following: The silver bullet?


//az705044.vo.msecnd.net/20180827/easy1.png easyMarkets
Mon 27 Aug 2018 16:48:06 GMT
Category: Education
0
Technical techniques for following the trend If you have been trading for any amount of time, you have likely read about trend following - which can be used as a . Is it truly the allegorical Holy Grail of trading? Let's dive deeper into Trend Following and see if it lives up to the reputation that it has amongst both novice and experienced Forex traders. As you can see averaging out the prices give a much clearer image of the general movement of the rate. Small temporary reversals average out and become plotted on a line that is in a downtrend or uptrend. The calculation can be made across various timeframes 200, 100 and 50 days.

Asset 24 View More
Mon 27 Aug 2018 12:16:10 GMT

1

Learn how to weather the storm: Trading volatile markets

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Learn how to weather the storm: Trading volatile markets


//az705044.vo.msecnd.net/20180827/fxpro1.jpg FXPro
Mon 27 Aug 2018 12:16:10 GMT
Author: FXPro
Category: Education
1
How to navigate volatile markets 'It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness...' and so a begins. In a way, these are not only words to introduce the French Revolution within which Charles Dickens set his novel around, but they could also be words to describe trading volatile markets.

Asset 24 View More
Mon 27 Aug 2018 06:13:46 GMT

5

Thinking Straight: Deal with negative trading thoughts.

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Thinking Straight: Deal with negative trading thoughts.


//az705044.vo.msecnd.net/20180827/nathan-dumlao-556996-unsplash.jpg Giles Coghlan
Mon 27 Aug 2018 06:13:46 GMT
Category: Education
5
Dealing with negative trading thoughts Trading is an emotional pursuit. You can lose a few trades and become depressed. Or have a winning streak and think you are the world's best trader. When we are engaged in the markets we have hundreds of different thoughts and beliefs. If we are feeling down that emotion is with us when we trade. We might remember the shadow of a last losing trade. Or perhaps we have a strong belief in our trading edge. Both positively or negatively thoughts affect us. Market events are filtered through our thoughts, rules and beliefs. These then affect our decisions. So, how do we deal with our negative thoughts that are ? We have so many thoughts, we need to master our feelings in order to master our trading. So, here are three tips to help us manage our thoughts and their influence on our trading: 

Asset 24 View More
Sun 26 Aug 2018 13:52:33 GMT

How the Bank of England got its nickname

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How the Bank of England got its nickname


//az705044.vo.msecnd.net/20180826/old-lady-of-threadneedle-street.png Adam Button
Sun 26 Aug 2018 13:52:33 GMT
Category: Education
0
The Old Lady of Threadneedle Street The Bank of England has been at the same location in the hear of the City of London since 1734. The stone complex fills an entire block with its entrance on Threadneedle St.

Asset 24 View More

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