Do not be Seduced by ‘Bots!

Do not be Seduced by ‘Bots!

There are tons of so-called trading gurus out there promising people the world at the touch of a button. They are lying to you. We can automate huge parts of your trading, with indicators and algorithms to more accurately predict trends, and to even ping your smartphone when a candle peaks or plummets to meet an optimal condition for you to trade, but what no one can yet do with any long-term, realistic accuracy is create technology to trade for you. TAs v. ‘Bots: A Common Misconception A Trading Assistant (TA) is just that. It is designed to assist you in best knowing when and how to place or exit […]

Some Frank Talk About “The Easy Button”

Some Frank Talk About “The Easy Button”

I recently received a question on social media that got me thinking. The guy wanted to know a 12-month “performance record” on my accounts trading my new system. While it would be easy to spew numbers at him, we’re traders and we know how easily numbers can be manipulated. I hide nothing from my students. All the trades and accounts shown on my system website are the real deal. What this obviously educated guy wants is a guarantee that no matter what he does, the system will make him money. Here’s my response, just as I posted it to him: I agree, a 500 pip stop and a 5 pip […]

How Moving Averages Can Help You “Be The Lion” When You Trade

How Moving Averages Can Help You “Be The Lion” When You Trade

If you think Moving Averages (MAs) are boring, you may be using them wrong. To make really profitable trades we have to trade with the momentum of the trend and the best way to see the trend is to watch your MAs. You can calculate an MA on your own, but after you’ve done it once or twice, why would you want to? They aren’t complicated, but how much time do you have to spend calculating averages? To calculate a simple MA, you go back over, say, the last 50 days of closing prices for a currency pair, add them all together, and divide them by the number of sessions/periods […]