Trading requires a deep fascination with the markets, strong work ethic and persistence. Traders are also human and experience emotions – we go through ups and downs in our trading journey. And with these constant challenges, our motivation can fluctuate. It can...
The most important thing is not exactly what you do, that it’s you understand what you are doing. The implications of it, because there’s different ways to configure this. You could have in Amibroker, your base currency is Euro and you could run your...
Let’s say you have US dollars in your account and buy something against Bitcoin. You buy Bitcoin, and then you use the Bitcoin to buy Ethereum. Thus, you are trading the movement of Bitcoin versus Ethereum, And when that trade is finished, you close it,...
With Interactive Brokers, if you have a margin account and your base currency is Australian dollars like mine, and I want to buy US dollar stocks. The way it works in Interactive Brokers is I want to buy US dollar stocks, I’ve got Australian dollars in my...
It would be better to trade what you test and test what you trade. Thus, if you could find a way to match your backtest with your execution or to match your execution with your backtest, that would be a better solution, and there’s two ways to do that. The first...
You can encounter many challenges on the road to being a successful Trader, so it’s a good idea to watch out for the warning signs. Difficulties that arise through unnecessary mistakes, getting caught out by market volatility, and being inundated with noise on...
If you apply one system with an index filter to all markets with a big watchlist, you will be turning that system on or off for all markets simultaneously. So, do you want to build country diversification into your portfolio intentionally? If you’re going to...
One of the big mistakes that people make is trying to predict the markets. No one can accurately predict the market consistently over again because we don’t have a crystal ball to predict what events will unfold. If you read all my emails, it’s a bit...
If you’re going to be active in the market, you’ve got to have an approach that fits you in terms of personality, objectives, and lifestyle. If you are hyperactive, want lots of action sort of person, you can’t buy and hold for ten years, since...
I’m not sure what it is about trading and the financial markets that people think, “Oh, I’ll just quit my job, and trade for a living.” It’s like, “What? I’ll just quit my job and become a brain surgeon.” No you...
