Last week, I flew to South Africa to catch up with friends and relatives.
I'm thrilled to have also have flown with my lovely girlfriend, so I can show her around this beautiful country.
Compared to chilly Greece, the weather has been perfect and it's been incredible being back to friendly faces, open air, amazing food and a lekker Jozie spirit!
Any way last week Friday, I decided to phon... ››› more
“In the last short AUD/USD Forex trade Pickpocket Trader sent out, how do I calculate how many pips I can bank if the trade goes in my favour?”
A. When it comes to the AUD/USD (Australian dollar versus the US dollar) the magic number for calculating pips is…
10,000
I’ll get back to this in a second.
First let’s start with the trade specifics:
... ››› more
Let's start your year on a profitable note.
I'm sure you hear how many people make resolutions when their year starts.
I want to lose 10 kilograms
I'm going on a lifestyle-change diet
I'm going to save 1/3 of my money this year
These are all great, but let's be honest. Most resolutions last around two months' tops, and then all is given up.
I need you to make realistic and achievab... ››› more
The last few weeks have been filled with public holidays…
And if you were able to spend time with the family, eat, enjoy a few relaxing days on the couch, eat some more and stay away from your computer, then perfect.
I'm going to tell you now…
It can be very disorientating to get back into the swing of trading and work again.
Here's what you should do.
Three steps to ... ››› more
Today, we are very fortunate to have my trading mentor and personal friend in the building.
His name is Igor Marinkovic.
You might have seen him present with me at a Forex seminar, at a South African Gala dinner or elsewhere.
Well, Igor has been a mentor to not only me but also to hundreds and thousands of readers on his website.
And so, without wasting any more time, let's get straight in... ››› more
Dear Trading Tips reader,
You're in a Euro Dollar Forex trade.
It's going up nicely and is about to hit your take profit sell signal, where you'll bank a decent gain.
But then, you go against the system and raise your take profit further.
You just “know” the trade will keep going up where you can bank an even higher profit.
The market has passed your initial take profit and ... ››› more
We have lost yet another legend.
Not only was Muhammad Ali a former Olympic gold medallist and first fighter to win the world heavyweight title three times, he was also an inspiring, controversial and outspoken figure for life and for racial pride.
Sure, sometimes he did sound a bit overconfident and cocky. But that's what made him the success he was.
One of my hobbies in life is to fo... ››› more
A day does not go by where I haven't learnt something about trading.
It's more dynamic than you'll ever imagine.
You see, every year there's an influx of new information feeding the market,
• Fundamentals
• Political and economical influences
• Corruption
• Manipulation
• New opportunities to trade
And with each factor that influences the markets, changes the trading envir... ››› more
The DeLorean time machine is back!
Why do I say this? It's back to the Future Day - the date Marty and Doc crashed the future in the second of the three time-hopping sci-fi adventure films.
And the date was October 21.
It will probably be my highlight of the year, to go and watch the ‘Back to the Future' movie. The last time the movie was released was in 1985 and in 1986, the V... ››› more
In 2013, I spent weeks writing a very important book. A book that I still use today and unfortunately, you don't.
It's called “Trading Building Blocks to your Financial Future”.
Guess how many copies it sold in the first month?
It sold 15…
I'm sure your child would've sold more novels at school than what I sold. I was baffled by how little response I got from the book.
In the ... ››› more
Trading is certainly an exciting endeavour and nerve racking.
Psychology plays an important part in your trading success. Whilst trading can be frustrating at times, it's crucial you always look ahead and don't dwell on the past.
But the uncertainty of what lies ahead can impact the performance of many traders. And in many instances trading success is very much dependent on your own personal... ››› more
When money is at stake, it's likely to get your nerves jangling.
Think about when you're about to put a trade on. All of a sudden your head is full of what ifs, second guessing your decision.
What if the market goes against you as soon as you enter a trade?
This fear is a natural reaction to risking money.
So how can you overcome your fears when trading?
Read on to find out…
... ››› more
There are a number of traits that successful traders possess. Taking the top spot is discipline.
If you don't have discipline, chances are you're not going to do very well at trading.
So why is discipline so important to be successful at trading?
Read on to find out…
The importance of discipline as a trader
Discipline is a vital trait to possess as a trader.
When you trade, ... ››› more
Having a strategy to follow is a must for any trader. Your trading strategy will help you find entry and exit points into trades and limit your risk.
But even if you have the best trading strategy out there, there's a big problem you have to contend with. That problem is your emotions.
Unfortunately trading brings emotions out. And they can play havoc with your profits.
So what can you do... ››› more
The stock market adage, cut your losers and let your winners run, is a classic example of a saying that makes perfect sense. But it's a completely different matter putting it into practice.
Trying to ignore the interference from your emotions can lead you to do the opposite. That is, cut your winners and let your losers run.
So how can you win the battle over your emotions and let your winne... ››› more
You've no doubt heard the stock market saying: Cut your losers, let your winners run.
Well this saying couldn't be more apt for traders. Hanging onto losing trades will only lead to disappointment.
So why is following the advice in this old stock market saying so important? And how can you apply it to your trading?
Read on to find out…
This saying is one of the hardest pieces of ... ››› more
Making money from trading isn't just about how good your trading system is. You have to overcome your emotions too.
Emotions can have a large impact on your success as a trader. They can make you respond in ways that dent your performance and lead you to make costly mistakes.
So how can you overcome your emotions when you trade?
Read on to find out…
The impact of psychology on you... ››› more
You may have heard the expression: You have to speculate to accumulate.
This expression goes hand in hand with trading. Trading involves speculating by putting on trades to accumulate by making a profit.
But with this comes high levels of risk. Taking risks fills many people with dread.
So how can overcome your fear of taking a risk?
Read on to find out…
Risk results in fear
... ››› more
When you trade, the risks are high and it's easy to understand why many traders find the process stressful.
But becoming highly stressed out and a bundle of nerves is actually detrimental to your trading.
So what can you do to make your trading journey more relaxed?
Read on to find out…
The emotional rollercoaster ride of trading
Trading can put your emotions through the mill.
... ››› more
Psychology and behaviour have such a big impact on the way you invest and trade.
Overcoming these emotions is one way to help yourself become a better trader and, more importantly, more successful.
So what can you do?
Read on to find out…
Never forget why you’re trading
If you’re new to trading, you may be excited at the beginning, but after a while some doubt starts to cr... ››› more
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