Trade With Precision Newsletter - Education

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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.

A Kiwi Collapse

Well it seems as though the Kiwi dollar is following its world cup cricket final performance and collapsing. The last couple of weeks have seen the currency take a beating and it shows no sign of changing for now. Watch as Craig Cobb takes you through the NZD pairs and crosses he trades for a breakdown of what he is looking for in what is the weakest of all the currencies out there right now.

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.

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.

Markets Come Back to Life

Having a range of markets which you scan regularly really helps you to increase your chances of finding tradeable opportunities. There is no reason to limit yourself to one particular market or time zone, when there are over 10,000 different products available for trade at any given time.

Motivation for Trading Success

Whenever I am presenting live webinars or conducting Personal Mentoring I am often asked, “What is the biggest impediment to trading success?”  This is a good question and one I’ve given some close thought to because it’s commonly accepted throughout the trading industry that, whilst many are called, few are chosen.  In other words, there is a large drop off from those that set out on the journey of gaining financial independence via trading to those that actually make it a success.

Trading as a Business: Part 1

Successful traders regardless of age, ethnicity or gender share a common trait; that is they all see their trading as a business. Unlike people who come into trading looking for the Holy Grail or a way to get-rich-quick, successful traders are in for the long run. They see and do things differently, and it comes as no surprise that they are still trading profitably when the masses crash and burn.

Creating a Watch List

If you have been trading for a while, you will know that there is no reason to limit yourself to just one market as there are many markets you can trade. However, we only want to apply our trading strategy to the best set-ups, as these carry the highest probability of the trade going in our favour.

Markets to Watch with Tamar

At Trade With Precision we look for multiple elements to enter into a trading opportunity. One of those elements are key levels of support and resistance. This week, Tamar Mehr is taking us through some of the markets she is watching and the levels she is stalking for trading opportunities

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.

Staying In The Right Frame of Mind

One of the challenges faced by both professional and aspiring traders alike is staying in the right frame of mind when trading. In our last article we spoke about the importance of timing, and like poorly timed trades, other factors in life can also adversely affect your trading if you do not have a plan to handle them.

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