January 4, 2014

Coming soon

Here is my plan for future posts on this blog


  • Top trading books - incl. "market wizards", van Tharp, Dr Elder, Nisson, "Reminiscences of a Stock Operator", and more. 
  • forex broker criteria choice
  • treat trading like a business not a hobby (this costs money) and business makes money (and I believe forex trading is one of the best businesses in the world, although not easy of course, but what other business you can easily do after hours with a full time job, with as little as a $1k capital, with complete control of the risk, total flexibility of approach and full accountability where the results are totally a reflection of your decisions and your decisions only)
  • trading systems - what are they, how important, what kind of systems are out there
  • how to choose the right trading system for you - this is key to be profitable
  • risk management - stop loss and position size. Gaps and multiple positions on correlated pairs. Avoid a margin call. 
  • action plan to become a trader - needed steps, a learning path, from reading, learning, via demo, then micro if profitable on demo, etc. 
  • mechanical systems vs. discretionary trading
  • intuitive trading, i.e. discretionary and how important this is (as per Curtis Faith book) 
  • key elements of the trading system - setup, entry, close, position size, etc. 
  • ways to enter the trade - at market, limit order, on the break
  • ways to place your stop loss - candle pattern high/low, or plus "a few" pips, or ATR based
  • types of stop loss - hard stop at a broker, soft/mental, emergency
  • ways of managing the trade - set & forget, trailing stop, half take profit, half to break even and trailing stop, etc. 
  • time frame choice and implications - time needed, number of opportunities per month
  • over-trading vs. high quality trading, i.e. best setups only
  • top trading rules, common ones from reading 50+ trading books
  • trading capital - never trade borrowed money or money you cannot lose
  • news trading - and why I do not trade the news (you need to have an edge)
  • back testing - forex simulator tools and how to get a year of experience in a few hours
  • beware of scams - esp. if too good to be true and magic trading systems
  • realistic expectations - think expected return vs. max draw down you can handle - they go hand in hand
  • risk vs. reward and percent of winning trades and number of trading opportunities as factors of your net result for a year
  • my own trading system / method / approach / strategy / plan
  • my trading performance - to be added via myfxbook.com 
  • my trades - examples with charts from my trade journal - good trades and mistakes to learn from  

Sounds like interesting topics? Certainly to me :-) and I believe I have valuable insights to share! 

Please consider adding this blog to your reading list and sharing with your friends. While I do not aspire to come up with a lot of innovation here (likely all of this is in books or forums), the value I intend to create for you is from compressed, actionable and relevant knowledge. 

I decided against big aggressive social media buttons and ads everywhere, as I prefer minimalistic design and focus on high quality content, but I do encourage you to please share this blog with your circles or friends. 

Thank you! 

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