Truth About Fx

"Because it’s really a timing issue, right? The formation like the kangaroo tails is just a matter of timing." The post EP189: Backtesting Your Broker’s Data for Live Account appeared first on Truth About Forex Trading Podcast.

"I talked about this idea of market biofeedback which is the market -- I wrote about it in the Naked Forex, infact. This idea that the market gives you information and then what you do with that information because it’s really difficult when you’re in a trade to be totally and completely take no side..." The post EP188: Is Real-time Biofeedback Beneficial for Traders? appeared first on Truth About Forex Trading Podcast.

I think what one sort of resilience skill that a lot of people can take from this is this idea of reframing it and looking at it for what it is. And so, if you have for example four-week losing streak, you don’t have to catastrophize and say that this guys is falling and you just look at it for what it is. “Okay, I’ve had four weeks losing streak"... The post EP187: Why You Should be Resilient in Your Trading appeared first on Truth About Forex Trading Podcast.

There are people that will tell you it’s impossible to make 1% a week trading. There are other people that are doing much better than that, every week trading. That’s it. Trying to set your expectations based on what somebody else tells you, it’s not good and that’s sad because we’re actually brainwashed from a young age to do that... The post EP186: 3 Things You Wish You Knew Before Becoming a Trader appeared first on Truth About Forex Trading Podcast.

"We’ve all been there. As traders, we are all quite familiar with this. The key here really is to start with your beliefs and build confidence. If you can do those two things, you are going to be alright..." The post EP185: How to Stick to Your System appeared first on Truth About Forex Trading Podcast.

"It is really going to depend on what makes sense to you. Most traders like to find those reversals and so in that case, the webby and the moolah, double top, the double bottom might be better..." The post EP184: How to Find a System that Fits Your Lifestyle appeared first on Truth About Forex Trading Podcast.

"You just have to find the right one that offers the right leverage and spread combination and you feel comfortable with it. That’s where your testing really comes in..." The post EP183: How Do CFDs Work? appeared first on Truth About Forex Trading Podcast.

"Profit Bricks can penalize you if you use a trailing exit and you just get unlucky and your second winning trades are not as fat as the first ones..." The post EP182: How does the Profit Bricks Method Work appeared first on Truth About Forex Trading Podcast.

"What you really wanted to do is get an uncorrelated strategy or what we call a complimentary strategy..." The post EP181: Trading Acceleration: Is it Good or Bad? appeared first on Truth About Forex Trading Podcast.

"It’s amazing how much those $6 lattes add to the expenses every month. Do you know what I mean? If you have all these crazy things, you know how it works. You don’t necessarily need to buy those new shoes or those peppermint lattes at Starbucks or whatever they’re selling this month..." The post EP180: How to Build Your Trading Account While on a Budget appeared first on Truth About Forex Trading Podcast.

"There are different ways of doing it. If you feel like you really have to trade the lower time frames then it sounds like you’re a great candidate for automation. Otherwise, I would just focus on a higher time frame..." The post EP179: Trading while Working: How do I trade the USD/GBP appeared first on Truth About Forex Trading Podcast.

"What matters is you’ve made those 3 steps to trade a system that you believe in on a live account. And so, everyone gets impatient. Everyone gets upset and wishes that it happened last year. I get it but the only way you’re really going to make progress is to do two things..." The post EP178: What’s the Best Start-up Hack? appeared first on Truth About Forex Trading Podcast.

"If you go back and look, you’ll see that some years it trends quite well and the market really moves. Other years,it just kind of moves around and I know people think that they just expect it not to move very much because people are on holiday. People aren’t really getting into it and there isn't enough full stable of traders and all that sort of things." The post EP177: Should I Take A Summer Break? appeared first on Truth About Forex Trading Podcast.

"I’m a big fan of a simply just taking and this is something that I’ve been testing and it’s been going quite well just taking, looking at trades -- individual trades -- and looking at them in blocks so the risk per trade actually becomes risk per block..." The post EP176: How to Increase Your Returns appeared first on Truth About Forex Trading Podcast.

"What I would do is just pull that Fib grid across and see if any of those levels lined up with support and resistance. And maybe like the 38.2 or whatever it is lines up with a nice support level and it’s a bullish breakout..." The post EP175: What is the Best Way to Trade Fibonacci appeared first on Truth About Forex Trading Podcast.

"I know it seems kind of weird to reward yourself after a losing trade and you have to remember that you’re just moving the focus to what’s important which is the execution. The wins and losses, distribution of wins and losses doesn’t matter..." The post EP174: Rewarding: Does this Improve Your Trading? appeared first on Truth About Forex Trading Podcast.

"What are the chances of an inexperienced retail trader doing well? Furthermore, most of the traders make use of a mix of fundamental, sentiment and technical analysis to create bigger trades. Aside from the liquidity advantage, is it really possible for you to, for retail traders to profit using pure price action techniques? It’s a lot..." The post EP173: Can Retail Traders Profit Using Naked Trading? appeared first on Truth About Forex Trading Podcast.

'If tapping doesn’t make sense or you don’t want to talk about your journal and write it out, talk about how you have no control. All the control you have is using your strategy, taking the right trade at the right time..." The post EP172: Medicating the Negative Impact of Losing Trades Through Psychology appeared first on Truth About Forex Trading Podcast.

"Let’s say you’re doing something on the Swissie. You will just filter out all of the Swiss news and you can set the date there back to whenever - to how far you want to go back and capture..." The post EP171: How To Backtest A News-Based Trading Strategy appeared first on Truth About Forex Trading Podcast.

"You can turn that into a technical chart where you draw all these multiple trendlines, it’s going to collapse and it’s going to come down really hard on the other direction. That’s a concrete example of what is a technical analysis has tapped into. It could just tapped into basic fear and greed stuff that we deal with in the market..." The post EP170: Does Technical Analysis Ever Stop Working? appeared first on Truth About Forex Trading Podcast.