Category Blog

Profitable Trading – Tom Hall

CASINO MINDSET

Casinos consistently generate billions in revenue per year in what many individuals believe is luck.
Casinos don’t exists because of luck, they understand that over a series of events, the odds are in their favour.

As a financial trader you must become the Casino and understand that you will hit drawdown and period of losses, however if your continue to execute your trade plan your profitable edge will play out over time.

Remember, you have no control over when the markets will provide trade opportunities, you do however have control over your capital.

STAND BEHIND YOUR ANALYSIS

Do you experience a feeling of excitement or dread once you execute a live position?
If yes, there are a number of reason why these emotions would be present.

The first is you either have not back...

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Oscillators and Momentum Indicators

The most powerful tool of any forex trader is being able to identify whether the market is in trend or not, being able to work out if a trend is beginning or ending. Mastering this knowledge is one of the most powerful tools you can have as a forex trader. The strength of a trend is mostly referred to as momentum and there are several

Momentum indicators, a type of Oscillator, that can measure this. Momentum indicators vary between two points on a graph to indicate oversold and overbought positions. They are used as a signal to confirm a strong trend as well as trend reversal. The calculation behind the momentum indicator is the comparison between a certain price and price set a few periods before that.

The following are the most famous and commonly used indicators, the RSI, Sto...

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Support and Resistance

There is a deep-seated misconception among newbie forex traders that when a market is moving in a certain direction it will move so in a perpendicular angle, I know this cos that’s how I thought so too initially but in reality the market moves in zig zags whether going long or short. As a trader you need to learn and identify these changes as they are very crucial in making you a successful trader. These zig zag patterns are identified as support, resistance levels, higher highs, higher lows (uptrend), lower highs and lower lows (downtrend).

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Learn to Trade Review

In my early days trading Forex I came across a Facebook advert from Learn to Trade. They had an opt in form to book depending on where you were in Gauteng.

I enthusiastically booked for me and my son on a session that was in Sandton. On the said day I booked an afternoon off from work and drove to Sandton with Linge.

Got there in time with other enthusiastic would be Forex traders. Don’t remember which floor their offices were but it was a very plush office space. Tea and biscuits were served before the start of the session and we had to sign in confirming our presence.

The session started where we were shown the philanthropic work done by the founder of Learn to Trade all over the world and then we were sold the sales pitch...

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