Inner circle Video – Using Autochartist for trade set ups and risk management
We were privileged this week to welcome back Autochartist CEO Ilan Azbel, who presented a highly charged, informative and exciting session for those who are interested in using this powerful trading tool to assist with your decision making. You can watch the video below and if you need help in adding Autochartist to your client portal please connect with the support team support@gomarkets.com...
Inner Circle Video: Treating your trading as a business…the next level
In this weeks session we explored the concept of trading as a business. We differentiated between this and the way in which many traders operate i.e. in the ‘hobby zone’. Additionally guidance was provided to potential stages you can work towards once the basics are in place. The video can be watched below: Any comments or questions to mike.smith@gomarkets.com Mike Smith...
Inner Circle recording : The next revolution in trading education? – GO Markets mastermind groups
In this session we explored the potential of mastermind groups” with the aim of potentially taking this forward in the coming weeks. Additionally we had valuable input from attendees in helping determine the direction of this initiative. We examined: -. Why the “mastermind’ group approach, often used in a business context, could be transferrable to. and offer benefits in a trading...
Inner Circe Recording: Share CFDs
Please find below the video recording from this weeks Inner circle session “Share CFDs” where we explored how this trading vehicle could be of benefit to many traders. We dispelled some of the myths surrounding Share CFDs and presented some ideas for alternative ways to use these as part of your trading toolbox. Please send any comments or questions to mike.smith@gomarkets.com...
Are You an Honest Trader? 5 Powerful Questions to Ask Yourself Now
“The least initial deviation from the truth is multiplied later a thousandfold.” – Aristotle We came across the above quote from the famous Greek philosopher and couldn’t help thinking how relevant this is to trading, so thought it was worth a discussion to stimulate some self-reflection of your behaviour and thinking like a trader. The reality for most people is that: a....
Inner Circle recording: Advanced risk and position sizing approaches
Please find below the video recording from this weeks Inner circle session “Advanced risk and position sizing approaches”. Please send any comments or questions to mike.smith@gomarkets.com Also note the disclaimer at the beginning of the video. Mike Smith Educator GO Markets Disclaimer The articles are from GO Markets analysts based on their independent analysis. Views expressed...
Cognitive Trading Biases: #2 – Minimalisation bias
In a previous article we addressed the concept of cognitive trading biases as a barrier to potential successful implementation of a trading plan in the heat of the action you “press the button” on entry or exit action. In this article we examine another common cognitive trading bias, termed minimalisation bias. Trading biases revisited People have inbuilt set of belief and value...Inner circle video: Turning fundamental thinking into trading ideas
Please find below the video recording from this weeks Inner circle session “Turning fundamental thinking into trading ideas”. Please send any comments or questions to mike.smith@gomarkets.com Also note the disclaimer at the beginning of the video Mike Smith Educator GO Markets Disclaimer The articles are from GO Markets analysts based on their independent analysis. Views...Inner Circle video: Become your own trading coach
Please find below the video recording from this weeks Inner Circle session. Any comments or questions to mike.smith@gomarkets.com Mike Smith Educator GO Markets Disclaimer The articles are from GO Markets analysts based on their independent analysis. Views expressed are of their own and of a ‘general’ nature. Advice (if any) are not based on the reader’s personal...
Trading choices: Using a trading journal
We frequently refer both in the articles we publish and the weekly “Inner Circle” sessions we present, to the benefits of a trading journal. However, the reality is that many traders make the choice not to measure trading despite the logical benefits of doing so. Whether you do or don’t currently, the bottom-line decision you are making is not only whether you do or don’t but how that...
Trading choices: Open positions and economic data release
Market sentiment towards a currency pair, Index, commodity or share, and hence price, changes when new information comes into the market. The most common situation that creates such a change is the release of economic data. These are planned in terms of timing to theoretically offer no market participant an advantage over another market participant. Economic data revised For...
Inner Circle Video Recording: Trading Time Management
Find below the recording from this weeks Inner Circle session “Critical Trading Systems – Time Management”. As always please be aware of the disclaimer and risk warning at the commencement of the video and feel free to contact mike.smith@gomarkets.com with any questions or comments relating to the session. Mike Smith Educator GO Markets Disclaimer The...
3 Game-Changing Questions You Could Ask of Your Trading Journal Data
In previous articles we have discussed in detail the merits of a trading journal in offering evidence for both: a. How well you are following a trading plan? b. How well your trading system is serving you? (assuming you are already following a trading plan) We have also outlined the importance of “closing the circle” and making sure you review journal data and action plan to make any...
5-point checklist for using chart patterns within your trading plan
Chart patterns (e.g. head and shoulders, triangles, double bottoms/tops), are commonly used to assist in trading decision making. If using these as part of your entry approach, their use should be viewed as a specific strategy, amongst others you may use, and so merit a dedicated section within your plan. This article outlines some of the key things to consider when writing and using...
Inner Circle Video – ‘Trading as a business’
In case you missed this weeks Inner circle session, or wish to review, please find video recording below. Any questions or comments to mike.smith@gomarkets.com Mike Smith Educator GO Markets Disclaimer The article from GO Markets analysts is based on their independent analysis. Views expressed are of their own and of a ‘general’ nature. Advice...Control your trading time (with FREE audit tool download)
Trading requires a commitment of time. For each of us the amount of time we must dedicate to trading activities is limited and justifiably so by other life activities (for of course, we want trading to contribute rather than take away from lifestyle). Despite the importance of checking in on how you are using your trading time, commonly traders do not manage their time for their...
Quick trading Tip…Be Calm and Develop Trading Patience
When we first start to trade, or subsequently (as a more experienced trader) when we trade a new symbol or system we are often “excited” as we see a “hope” for better results. We often forget that the development of expertise in other areas we have in life (think about what you do in work now for example), you must invest time, effort, learning and making mistakes (providing you...
Inner Circle Video: Markets in turmoil – Risk and opportunities
At this special Inner Circle session Mike Smith (GO Markets), Cameron Malik and Mark Austin (Magnetic Trading) will be picking apart the events that have led to where we are now and outlining the significant risks and equally opportunities that may exist over the coming days, weeks and months. We looked in detail at Indices, equity markets, commodities and Forex events and make suggestions...
Inner Circle Video: “Why is my trading system not working?”
Please find below the recording of the video from this weeks exciting Inner Circle session “Why is my trading system not working?”: Five key areas to explore NOW. Please note the disclaimer at the start of the video. Any questions about the content covered then please feel free to drop an email to mike.smith@gomarkets.com Trade Safe Mike Smith Educator and course...
Avoiding three pitfalls of shorter timeframe online trading
The relative ease of online trading today has not only increased the opportunity of access but flexibility to trade different time frames that can better “fit” around other things going on in life. Trading short timeframes is a popular choice for many online trading strategies. Indeed, the shorter time-frame charts e.g. 15 minutes or less, are often peddled by so called trading gurus as the...
Video: Inner Circle “Interviews with Successful Traders” series – Mark Austin
Another fantastic webinar session yet again, with this week’s session of the Interviews with Successful Traders series featuring Mark Austin of Magnetic Trading, whose main speciality is Index trading. What Mark shared not only had relevance to Index trading, but also across all trading vehicles. We are delighted to share the video from the session which you can watch here. There is also...
Inner Circle Video Recording: Using Autochartist on MT4/5 to identify opportunities & create a trading system
Please find the recording of this weeks Inner Circle session below “Using Autochartist on MT4/5 to identify opportunities & create a trading system” to review at your convenience. Ilan was not only generous in giving his time to share the power of Autochartist as a trading tool but gave invaluable insights into his own trading experiences and system. Autochartist...
Revisiting Your Trading Profit Target Strategy
Using profits targets in trading, irrespective of trading vehicle chosen (e.g. Forex, Index/commodity CFDs, Share CFDs), is commonly discussed as potential exit strategy. The reality however is that these are often executed with a lack of consistency with ambiguity in trading plan statements. This article revisits profit targets and outlines some key issues to consider in your trading...
Video: Inner Circle – Interviews with successful traders – Nigel Hawkes
Please find the recording of the Latest Inner Circle session, the first in our NEW interviews with successful traders series. Nigel Hawkes is the epitome of a lifetime trader, now at 71 he trades for a living. Hear his fascinating trading journey, the foundation principle of “Six ways the market moves” and his 3 golden rules he abides by in his trading on a daily basis. You can...
Video: Matching trading strategy to an economic outlook
At the recent GO Markets Daryl Guppy seminar, we had a presentation from Daryl that covered both an insightful economic outlook as well as some of his technical trading approaches. During the seminar, a question was asked about how to match the two. i.e. if you have an economic idea how can you integrate this into your trading style. We have put together one potential approach that...