What do baseball and trading system drawdowns have in common? A lot more than I ever realized. If you haven’t read the book or seen the movie Moneyball (which I highly recommend), professional baseball adopted a statistical approach to recruitment and gameplay around 2000. The Oakland Athletics adopted the approach before any team. They experienced tremendous success […]
Nova on PBS recently showed an hour long feature on the history of math. Now I know that would put most of you to sleep, but my initial reaction was, “Sweet!”. Not two minutes into the show, the moderator starts discussing the number pi (π) and all the unusual places where it shows up. It’s not […]
Maybe it’s the desire to keep getting better or simply jumpiness, but traders are always looking for that new magic bullet strategy. Whether you deal in forex or cryptocurrencies, trying new approaches is always on the to-do list. But it isn’t always possible to test a new trading strategy without typically losing substantial sums of […]
Your MT4 expert advisor isn’t working? Read through our checklist to help diagnose the problem. I want to get back to trading asap. Dumb things you might not have considered (seriously) Everyone gets annoyed when you call the cable company to complain that the cable isn’t working. What’s the first question that they ask? Is your TV […]
Short selling is easy, right? Basically, it’s the same as buying, only going the other way. At least that seems to be the common belief when discussing shorts. In practice, taking a short position is rather simple. However, it’s also utterly different when it comes to an actual strategy. Because, like it or not, shorts […]
As a relative newcomer to the trading scene, your eagerness to get started may overwhelm your better judgment. There are several questions you need to ask yourself before you start trading, including the following: Which trading platform are you going to be using? Which financial assets are you going to be trading? What affects the […]
Traders who trade the morning gap are known as “beer traders.” Why such a strange name? While others are trading to squeeze a buck, beer traders are done for the day. They’re sitting at the bar, drinking beer and enjoying the rest of the day. Sounds fun, right? Well, that depends on whether you’re celebrating […]
If you make the decision to start trading forex to earn extra income it is vital that you set yourself up to succeed. To do so you need to be aware of the 7 things you need to become a successful forex trader. The desire to succeed Firstly, it is elementary that you commit fully […]
Contracts for Difference a.k.a. CFDs are derivatives trading instruments between two parties. There are thousands of global markets which can be traded in a CFD format. With CFD trading, you’re essentially speculating on the price movements of financial instruments. These could be bonds, FX pairs, commodities, indices, or stocks. It doesn’t matter whether the asset […]
The gains can accumulate quickly when a prop trader is using a strategy based on maximum leverage with limited account size. In order to preserve and build those gains, it’s important to remove them from the trading account according to a good plan. The high-leverage, low-balance strategies used by leading prop traders can be applied […]
