Trading Educators Blog

Whenever the Federal Open Market Committee meets and releases its rate decision and its statement, it’s seen as one of the most important data releases in the markets in the currency markets. And it is, as sometimes there’s a real surprise that can have a huge impact on the markets. Because of that the whole FX world goes crazy days before it and waits for the statement in anticipation of big move...

As I’m about to go on vacation I thought it’s a good idea to write down my thoughts about trading on vacation. Is it a good idea to do so, or just crazy? I believe it depends. If you’re longer-term position trader and have a couple of positions open that are doing great and you don’t want to close them out now for example, I think there’s nothing wrong managing your position once a day while you’r...

After writing about why good trading usually is quite boring last week, I’ll continue down that road today and write about another similar topic.  And again it’s more of a rant that many of you maybe don’t want to read about. But I believe it really can be an eye-opener to those of you who’re really serious about trading and these are the traders that I care for the most. Actually I wish I ha...

When you start out trading, it’s pretty much all about the excitement. You watch every trade tick by tick, gazing at a chart ticking up and down together your P&L. You’re long. When it goes up, you feel excited because you’re making money, if it goes down you’re excited because you’re losing money. But boy you’re making sure you don’t miss any of this. You sit there and gaze at that chart as i...

I’m happy to tell you that AlgoStrats:FX is Live and Trading will start on Monday July 25th! To celebrate the Launch we’re starting with a Free Trial Week. Meaning you can follow AlgoStrats:FX completely free for a whole week. No strings attached, no credit card required - 100% free. Registration is already open, so go ahead and register your Free Account! I’ve also uploaded a new video ...

FYI: Get 20% off Ambush through July 13th. Simply enter the coupon code ambush20 when you check out. No doubt, the decision if or if not one should trade through the BREXIT-event and on which days was not an easy one for traders. But like most of the time, the answer at least in hindsight for Ambush traders was a clear "Yes". I personally didn't have any positions on going into the BREXIT...

 It is critical that you trade what you see, not what you think. What you "think" is your opinion, and trading your opinion, or that of anyone else, generally results in more losses than wins. Being flexible, and being able to adapt to what you see in the markets, is the only tradable reality we have.  You have to learn to adapt your trading style to what is happening in the markets in w...

And a few days after the surprise from UK (sorry to see you guys leave!) the markets seem to calm down a bit already which is nice. But I expect to see a few more crazy days and regarding the FX markets it’s all one big Risk ON/OFF scheme right now, driving up correlations between the pairs. Now I keep on getting emails asking when the Free Trial for AlgoStrats:FX will start but I won’t rush it as...

Actually I didn't want to jump on the BREXIT bandwagon but since a few of you asked me if I trade the Brexit and if so how, I'll let you know and give you a bit of a warning along the way. There's tons of traders out there on social media, blogs, trading sites and forum talking about how they'll trade the Brexit event, stay up over night and so on. Now I'm not one of them. Actually the Brexit is o...

 On 23 June 2016, the UK will vote on a referendum (i.e., BrExit) to decide whether to remain a part of the European Union. This vote is expected to create substantial market volatility in the days leading up to the vote and perhaps even greater volatility should the final vote be for the UK to separate from the EU.  The market consensus suggests that separation would lead to a weaker GB...

If you don’t want to learn how to backtest automatically right now but still want to profit from backtesting, you got to do it manually. That’s how I started too many years ago. I still remember sitting there with printed charts and writing down trade results on a separate sheet of paper. Now there are some pitfalls you better know about when doing manual backtests and that’s what this weeks video...

  Dear Traders, It has been quite a while since I wrote one of these letters to all who are on our list. It is being emailed to you, and will also be posted on my blog. I’ve been trading, but am also involved in erecting affordable housing in Uruguay. I haven’t had a lot of time to write, other than keeping up with the regular free weekly Chart Scan teaching letter. I’ve had...

What’s better to trade the currency markets? Trading Futures or Forex? This is the question I try to answer in my new video, where I briefly discuss the major differences between trading Futures and Forex from my perspective. At the end though there’s no “right” answer to that question, as it really depends on your needs.

I'm happy to tell you that AlgoStrats.com, my new website focused on Systematic Trading is now online! Initially I wanted to launch the website together with my new product AlgoStrats:FX, but due to the UK's EU referendum on June 23rd I decided to delay the launch into July.Still I wanted to bring the new site online as planned, so go ahead, check it out and send me some feedba...

I just posted another video on our YouTube channel about another very common trading mistake, and that's trading your P&L instead of the actual market. While there are many variations of this, I guess I covered some of the most common ones that I've done myself again and again when I started trading. Go check it out and let me know if you have any questions or comments!

  Dear Investor,   On 23 June 2016, the United Kingdom EU Referendum (“Brexit” vote) will take place, creating potential for heightened market movements, including the real possibility of significant price gaps and periods of exaggerated illiquidity. It is important that you be aware of the potential risk of this upcoming event, so that you can be both prepared and positioned properly as...

I just wanted to let you know about a new video that I uploaded to YouTube about one of the most common trading mistakes out there: To Stop Trading/Following your method/system/yourself at the worst time possible. This is something I see over and over again especially among beginning traders. You won't believe how often I've trapped into this myself during my first years of trading! Happy Trading!...

One of the questions every trader has to think about at some point is, how much of my account should I risk per trade? A percentage? If so, what percentage? I’d love to have the right answer in my pocket for you, like "exactly 1.25% per trade/market and no more than 5% at the same time," but unfortunately, I don’t. Again I know you don’t want to waste too much time with this bo...

Really, I'm still kicking. I've been busy in the deep South--South America, that is. But just so you know, I look at or trade the markets every day. It's simply a long time habit. The markets tell me what's going on in the world. In addition to trading, I'm involved in building affordable housing, and working with CAIF, which is an organization that helps the poor. Next time I feel like blogging, ...

I just uploaded Episode 3 of my Questions & Answers Series to YouTube. It covers questions on the usefulness of demo-trading and on trading 123 formations. In the last part I talk about why I developed my own python-based backtesting platform which is probably only interesting for those of you who're hardcore into system-development. So if you're not, just stop there ;)