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WHY are You Trading?

There are many reasons why people aspire to master the art of trading. For some, it is the appeal of financial freedom. Others may have grown tired of the daily grind and like the idea of being their own boss.  Whatever it is, it is important that your reason is compelling enough to help you stay focused as you learn and improve your trading skills. In this post, we discuss why it is important to know “WHY” you’re trading, and also look at some of the common “WHY”s shared by traders who have achieved lasting trading success.

A TRADING ADVANTAGE; Trading Leaders and Laggers

When we hear traders talk about leaders and laggers, it is usually in the context of trading equities. However, did you know leaders and laggers also exist in the forex markets? There is a trading advantage to be had by observing the price action on a leading currency pair and trading the lagging pair based on this insight. In his latest article, Graeme Kennerley talks about such timing differences and shows you a real example he is stalking right now.

USD Strength, - Are You with It?

USD strength has been one of the hottest topics in trading circles for the last 12 months. The Dollar is showing no signs of letting up, so which dollar crosses will you be stalking for the strongest trends to trade? In his latest article, Craig takes you through his favourite time frame and discusses four potential opportunities on popular Dollar crosses.

How Much Capital do You Really Need to Begin Trading?

In our experience working with thousands of traders worldwide, it is surprising how often we get asked this question! While we do not have a specific amount that works for everyone (it varies from trader to trader), it is interesting to delve deeper and look at the emotions in play that cause so many to be hung up on this one particular issue. You need to address these emotions before you can decide on the amount of capital suitable for you.

Radio Interview with Graeme Kennerley

This week, Trade with Precision Senior Trader & Mentor, Graeme Kennerley, is interviewed by renowned New Zealand TV and Radio personality, Mark Sainsbury.  

During this candid and insightful interview, he explains how he discovered Trade with Precision in 2009 and his subsequent journey to becoming a full-time trader. 

Copper Weakness to Continue?

Ed Seykota once said “The trend is your friend, until it ends.” How do you know if you are truly trading with the trend and not trading a correction or short-term pullback? In his latest article, Hao explains how he uses higher time frames to analyse trends before confirming trade direction.

Trading Property vs Trading Currencies

Lay off the bricks and mortar people, it’s time to look seriously at why you should be trading foreign exchange instead. Kiwis have always had a love affair with property, but new measures introduced by the RBNZ last Wednesday will soon make it harder for property investors to trade property within the Auckland region. Take it from this “reformed” property investor that the days of easy money on property are over, and trading property is now a game best left to those with deep pockets.

So if your pockets aren’t as deep, what other options are there for you?

The Power of Patience & Pull Backs

Trading is very much like fishing sometimes. Just like you have to wait patiently for the fish to bite after baiting your hook, trend traders also have to wait patiently for an entry to set up before they get into the market.

Trading as a Business: Part 2

Following on from Part 1, now that we understand the mindset involved in trading full-time let’s delve a little deeper into the strategy side of things. Besides having a business owner’s mindset, you will also need to adopt a trading strategy.  A “strategy” is simply a fancy word for having a plan of action that shows how you are going to achieve a long-term goal, which in this case is an ongoing and profitable trading business. What are some of the factors professional traders might consider when creating their trading strategy?

AUDUSD: At a Key Level .8000

The Aussie dollar certainly has been making headlines over the last few weeks as it hovers near previous key levels. Key levels are price points where price action has found support or resistance, and usually we will find tradeable opportunities around these prices as they capture the attention of traders in that marketplace.

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