There's loads of inexperienced answers on the internet

I’ve read a lot on the internet about why traders lose money and are not successful.

They range from using the wrong brokers, wrong indicators, trading wrong currency pairs, trading the wrong time frames, screwed up psychology, etcetera .… the list appears to be endless.

But after 28 years in the market, 8 of which have been working with retail traders, I can isolate it to 3 major reasons why they aren’t successful & they [...]

Some of the Best Lessons Come from Losing Trades

I had a good question from a trader today about my recent EURUSD order, which unfortunately ended in a losing trade.

The conversation started with 'Why did the trade not work out'? (This isn't the good question I was referring to, that's lower, but a good question all the same)

Now this was an easy one to answer as it was clear cut.

The EURUSD was in a nice short to medium term uptrend and [...]

Don't Override Your Capital Management Plan

As you may have heard me waffle on, Capital Management is the most important component of your trading methodology. If you don't have any at all then well forget it, your account will be dry in no time at all. But in the same way if you don't respect it, you can have some major 'whipsaw holes' in your capital.

I think it's time we actually took this 'Capital Management Plan' a step further as there's [...]

Your Most Recent Performance is the Best Gauge

We're always looking for an edge over the market when we're trading. You know, trying new things, looking at a range of indicators, or analysing the performance of some other secret system you've 'thought up'. These additional tit bits are what we call probability enhancers.

The aim of "Probability Enhancers" is to micro-analyse an opportunity so you can hopefully reduce the overall risk in the trade. After all the more factors in your favour [...]

Are you trading to supplement your income or to cover your day to day financial obligations?

One of the most important yet least thought about components of trading is "Trading Psychology". As far as I'm concerned it's second behind 'capital management' with regards importance for your overall longevity and success as a trader.  Funnily enough both topics are largely ignored by most new traders until it's too late and they have blown up their trading account for the 3rd time.

Trading is [...]

Mission Critical

The path to success with the T4T FX Pro Trader course begins with taking the time to go through the content methodically and making sure you understand every component, especially Capital Management.

This article contains five keys that will shape your entire outcome as a trader. Do not begin trading until you’ve read and understood this section and been through the course methodically.

Set Up and Use Guidelines

If you want to become a successful trader its important you take the time [...]

FOMO - The Fear Of Missing Out

This is FOMO—fear of missing out, is defined as “a pervasive apprehension that others might be having rewarding experiences from which one is absent.”

When you consistently “connect” with people, you become vulnerable to the comparison game and this can be extremely detrimental to everything you're trying to achieve.

The FOMO can be a major barrier for traders. If you fail to understand and acknowledge it then you could be headed towards a path of destruction [...]