Archive for November, 2010

Winning Trades which make no Money

Winning Trades which make no Money

This was me today... I put in an order for a buy on the GBPUSD at 16018 or a sell at 15956 with a 20 pip stop and a 40 pip target. As you can see from the chart, the GBPUSD shoots up and actually goes beyond the 50 pips... However, I made no money on this trade at all. At first I got really annoyed, an easy 40 pips in the bag and my broker has screwed me over. I checked my emails and can see that the order was being placed, however, I had forgotten to fund the account properly and t

November 10, 2010 No Comments Full Story

Traders magazine – November 2010 – Free online now!

Traders magazine - November 2010 - Free online now!

This months Traders magazine is out now. This months trading articles include: Becoming your own portfolio manager trading ETFs Some thoughts on the 'Flash Crash' when the US market lost over 1000 points  in a few minutes only for it to recover shortly after : http://en.wikipedia.org/wiki/Flash_crash Advice on developing your own trading systems Trading strategies - Gap Trading, Multi-timeframe analysis Product reviews - books, software, webpages Interview with Tim Knight - f

November 5, 2010 No Comments Full Story