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Trading Currencies

There is little doubt that currencies are a very attractive market. The sheer size of it almost guarantees good liquidity and tight spreads. With the huge market size comes volatility which provides us traders with the markets moves and trends we are looking for. So how can you participate in this market? There are three instruments available for trading currencies and while they all allow you to trade the market, their characteristics and associated regulations (or lack thereof) make them quite distinct. So let’s have a look at what instruments are available when we want to trade the EUR/USD currency pair for example.

Market Review - 28th September 2015

Simon Clarke takes us through some key markets that he is watching for trading opportunities in the video below. 

The Dow has been continuing to consolidate above the 15,900 level, if we can get a break through this level we will look even more bearish and we could see further moves lower. Crude Oil is still looking bearish and we look to possibly be setting up for a move to the short side. If Crude can break the 43.80 level then we look set for a move down to the prior low. In the forex market, USDCAD is looking increasingly bullish and Simon outlines a trade plan to get a long entry into this market.      

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

Managing Your State

The state of mind in which you are in when you’re trading the markets is extremely influential to your level of trading success. Managing your state of mind to enter into your “trading zone” whenever you are looking at the markets is a skill that can be developed and mastered.

How to Raise an Order

Raising an order in the markets can be a daunting task for beginner traders and something that can take some time to get used to. This week Craig takes us through an example of how to simply raise your precise entry orders into the market, looking at both buy and sell orders. 

The Decision Making Process

The Decision Making Process

It’s the point in which we make our final trading decision which can be crucial to trading success. We can either choose to take a trade or choose not to take a trade, but the decision that we choose can have some resounding effects on our trading results. Lets run through how we can simplify the decision making process to ensure you make the right decision, to trade or not to trade.

Higher Timeframes Trading Opportunities

At Trade With Precision, our trading strategies are applicable to any market any timeframe. In this week's newsletter, Tamar Mehr talks us through several trading opportunities on the FX market utilising the higher timeframes charts.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

You Do Have Time To Trade!

"I just don't have the time" has been the number one excuse that Craig hears from people in all the years he has been educating clients on how to trade the markets. The fact is, it's NOT a valid excuse for most people out there wanting to become successful traders.  

Reviewing YOUR Trading Week

At the end of the trading week, how many of you actually sit down and conduct a review of the trading week just gone? If you can’t answer yes to that question and you’re serious about improving your trading then perhaps you need to fit a weekly trading review into your schedule. It doesn’t need to be a daunting task; if you allocate yourself just 15 minutes at the end of the week to review your trading performance for that week then it can make a big difference to your trading.

Mark Douglas Tribute

Very sadly, Mark Douglas, renowned trader, mentor, coach and author, passed away on September 12, 2015, at his home in Scottsdale, Arizona.

Understanding the Relationship between % Win Rate and Reward: Risk

Understanding the Relationship between % Win Rate and Reward: Risk

To make the transition from an amateur trader to a professional trader, it’s of upmost importance that you understand the relationship between trade % win rate and trade reward: risk ratio. Understanding this relationship will ensure you have a plan that sets out how you are going to execute your trades in order to build up your trading capital.

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