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: Avoid the FIVE trading mindset traps
Please find below the recording from this weeks inner circle session “Avoid the FIVE trading mindset traps”. In this session we explored the concept that mindset is far more than just emotion and examined 5 key areas that traders should work on that may have a positive impact on their trading performance. As always please take note of the risk warning at the beginning of the...
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....
Creating a trading edge – Is it possible?
A trading edge is a certain approach or special system techniques that, in theory, gives a trader some type of advantage over other market participants, hence making a trader more likely to achieve positive trading results. Many are cynical about the objective of creating a trading edge, despite the plethora of articles and books on various trading techniques. According to them because...
Inner Circle video – INNOVATION: Creating a NEW trading system
Please find below the video recording from this weeks Inner circle session “INNOVATION: Creating a NEW trading system”. 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 are of their own...
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...Adding the RSI to your entry or exit decision-making
The Relative Strength Index (RSI) is an oscillator type of indicator, designed to illustrate the momentum related to a price movement of a currency pair or CFD. In this brief article we aim to outline what this indicator may tell you about market sentiment, and along with other indicators assist in your decision-making. As with most oscillator type of indicator, the RSI can move between...
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...
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...