Here is a short list of excellent books for new and intermediate level traders.
Question: How reliable is seasonal data? Is making money from it all that simple? Answer: To answer the second question first – no it’s not always simple. Anyone that tells you they have a trading method that is foolproof is either a fool or a liar. This is why you need to get good information. There are times when any …
Interesting story… While putting together some training material for a course on trading, I started thinking back to my time racing motorcycles and how there are so many similarities with trading. Here are my thoughts…
In this article, we move a little further down the track and look at how changes in other factors can affect an option. For any option trader, it is interesting information, but more importantly essential in understanding the risk in a position.
(Originally published in Active Trader magazine) What a boring game all this would be if option prices showed no fluctuations! The price, or premium, of an option is constantly changing for whatever reason. As an options trader you must be prepared, armed with the knowledge of how an option price can react in certain scenarios. You can look at that …
Not long after options became available, there were the seminars and the books and the systems that come with any new financial product. There were all sorts of people touting what they see as the best strategy for making money. This article puts all that in perspective. Is there such a thing as ‘the best strategy’?
While around for many decades, pivot points have grown in popularity since the 90’s with what has been an increasing focus on intraday trading. This article will set out the calculation of pivots and some ideas on how to use them.
The concept of hedging has always been a controversial one. This article looks at hedging options with the DAX.
Many of those new to trading will have difficultly understanding the concept of a margin. This short article puts things in perspecitive.
An important consideration in any trading strategy is how many contracts to trade or how much money to allocate to a particular trade. This article answers this very question.
This is the second and final part of the article on Money Management. Last week we introduced the idea and defined ‘fixed dollar’ and the ‘percent at risk’ methods. This week it gets interesting. We look at the ‘Optimal f’ method and compare all methods with examples.
Somehow I have been put on an email list where at least once a week I receive an email about ‘robots’. “Forex Robot Baffles Wall Street” – this was the title of a recent one. Now there may well be some knuckleheads on Wall Street, but do you think they are really baffled by a ‘Forex Robot’? And just what …
Money management is an interesting subject and it plays a far bigger role in trading than many people think. This two part article is a sneak peek inside my next book. More on the book in another update. For now here is part 1, of the article.
This is a sheet for writing out orders. Its design is very similar to that used by many brokers for recording phone orders from customers. It’s a handy little tool that is simply a good way to keep a record of when, and with whom, you placed an order and of all the trade details. It will also reduce possible …
Thanks to all that participated in the ‘Trader’s Poll’ over the last few weeks. The question was “What are most important factors for ‘successful’ trading?” Here are the results.
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