Trade With Precision Newsletter - Education

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Calculating Position Sizes

26 November 2015 by Hao Sun in Article Education

The importance of calculating the correct position size to use with each and every trade you take cannot be under estimated. Position size directly impacts how much we choose to risk on each trade so it's probably the most crucial elements to make sure you get right when putting on a trade. Risk management is what keeps traders alive in the markets as without it, a trader would be very likely to lose their whole entire trading account. Do you know exactly how to calculate your correct position sizes?

EURGBP – Support and Resistance

25 November 2015 by Trade With Precision in Article Education Psychology

One of the most powerful tools at a trader’s disposal is the use of support and resistance levels. Many traders incorporate support and resistance levels into their trading strategies however they fail to understand the meaning behind these levels. It's not just random price action that creates these precise levels, it's the power of mass human psychology.

Breaking News Breaking Trades

23 November 2015 by Trade With Precision in Article Education

News is an important element of trading: it is able to move the market significantly and suddenly and is consequently a key source of volatility. Whilst there are unknown news events (like the shocking Friday the 13th terrorist attacks in Paris), other news is known in advance and can - and should - be factored in your trading.

 

“Markets are never wrong – opinions often are”

18 November 2015 by Craig Cobb in Article Forex Education Market Commentary

“Markets are never wrong – opinions often are” is a quote from a legend  who traded the markets in the early 1900's called Jesse Livermore. If you want to read Jesse Livermore's story then we suggest you read the one and only "Reminiscences of a Stock Operator" by Edwin Lefevre. 

Introducing Structure into Your Trading

18 November 2015 by Trade With Precision in Article Education Psychology

Trading is a profession which requires you to flawlessly execute your trading strategy over and over again in the markets. To succeed in trading you must understand that it's a game of probabilities in which you need to have an edge which is executed consistently over a large sample set of trades. Consistency in trading can only be achieved if you apply a structured approach to your trading. 

3 Key Points in Trading Decision Making

12 November 2015 by Trade With Precision in Article Education Psychology

When it all comes down to it, the decision of whether to take a trade or not, impacts directly on your trading results. It's an area of trading which can cause allot of emotions as it decides whether you enter into a trade or not. If a trader can make consistently sound decisions on whether to enter into a trade or not without emotion then consistent results from their trading edge can flow. Inconsistent decisions on the other hand, lead to inconsistent results. Let's run through the 3 key aspects of trading decision making which you must apply to your own trading.  

Know Your Risk

11 November 2015 by Trade With Precision in Article Education Psychology

Risk control is always at the forefront of a professional traders mind. It is disciplined risk control which keeps a trader in the game long enough to become a truly great trader. Amateur traders on the other hand focus solely on profit potential ahead of risk control which leads to bad habits fuelled by greed. As a trader you must be aware of what your risk level in the market is at any one time and if you don’t know the answer to that question then actually, you’re the risk! 

Strong U.S. Dollar - Talk Of The Town

9 November 2015 by Craig Cobb in Article Forex Education Market Commentary

Last week, a key theme swept across the FX markets for all to see, US Dollar strength! The US economy had a very positive non-farm payroll figure announced on Friday of last week which was bullish for the USD. In the largest increase of the year, the US economy saw 271,000 jobs added in October which lowered the US unemployment rate to 5.00%. 

Controlling FX Exposure

5 November 2015 by Trade With Precision in Article Education Psychology

Risk control should be at the forefront of a traders mind at all times. Traders need to be continually aware of what their exposure is to any product at any time, just as a scuba diver is aware of how much air they have left in their tank. Traders without stringent risk control procedures in place, risk losing all of their trading capital. Too often we see traders come to us who are far too focused on how much they are going to make rather than how they are going to ensure they control their downside.

Stop Chasing Big Winners

4 November 2015 by Trade With Precision in Article Education Psychology

The majority of people who trade the markets are only focused on looking for that next big winning trade. They either feel like they need to make the money back which they have lost or they feel like one big trade is going to change everything for them. It's a trap that many amateur traders fall into and one that time after time works against them. 

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