Archives: 2010 February

His name is Adam Hewison. You might want to Google him to confirm what I am about to share with you about him.

There are plenty of people out there that create “ email courses” with little or no credentials to actually backup their teachings. So, I think it’s right that I share a little bit about Adam Hewison with you before we even start.

He was a former floor trader on the IMM, IOM, NYFE and LIFFE as well as a risk manager of a large, multinational corporation in Geneva, Switzerland. He also have written books on forex trading and trend following. In 1995, He founded INO.com and later co-founded MarketClub. He has been in the trading biz for over three decades and has seen it all. He created this course as a way to give back and share trading tips and techniques that he still use in his trading today.

In his Free Mini Email Course, he will show and explain the tools and strategies you need to increase your success rate in the marketplace.

(1) The importance of psychology in price movement

(2) How to spot mega trends

(3) Understanding of technical price objectives

(4) How to picture price objectives

(5) How to trade with moving averages

(6) How to use point and figure trading techniques

(7) How to use the RSI indicator

(8) How to correctly use stochastics in your trading

(9) How to use the ADX indicator to capture trends

(10) How to capitalize on natural market cycles.

Plus, you will you will learn all about fibonacci retracements, MACD, Bollinger Bands and much more.

David Jenyns and Stuart McPhee, well known, experienced traders, discuss the merits of keeping part of one’s trading float back from active trading.

David: We have a question: do you recommend having all your trading capital in active trades or should some be kept as cash, and if so what percent?

Stuart: Good question, but it all depends. For example, my super fund I always have about ten percent in cash because, and this is probably more specific to Australian taxation law, during the year you have an obligation to pay tax, pay as you go. So I’ve always got that account with about ten percent of my capital – it’s cash, it’s secure, nothing will happen to it. It allows me to fulfill those tax obligations throughout the year as I have to pay as you go. But having said that, if that isn’t a requirement for you and trading opportunities present themselves, there’s no reason to keep some cash set aside. Using nearly everything in active trading is a great idea.

David: I’m in a very similar frame of mind about that. If you’re looking to trade the markets and you’ve set aside your trading float that’s your intended purpose for the money assuming you have appropriate trading candidates. My gut feeling would be you should have, whenever possible, all your money invested. Obviously, it comes back to your system, making sure you are getting the signals. You don’t want to put your money in just for the sake of having all your money in without a trading plan.

When examining futures stock market trading curbs, it`s a well-known saying that `traders should have a healthy fear of the market`. It seems like a perfectly reasonable assumption to make when it come to trading goals. The market is volatile, and each trade you make is to some extent unpredictable. But, it`s one thing to learn to accept the risk of the market, and another entirely to be afraid of it.

Ninety-five percent of the futures stock market trading curbs errors you are likely to make, those errors which will cause you to consistently lose money, will be due to your attitudes your fear about being wrong. Fears of losing money, of missing out on profitable trades, or of leaving money on the table will cloud your thinking when you are trading. Your fears can cause you to act in such a way that what you are afraid will happen. If you`re afraid of being wrong, your fear will influence your perceptions of market information in a way that will cause you to do something that ends up making you wrong.

When you are anxious of something happening, all other possible outcomes cease to exist. You can`t perceive the other possibilities, or act on them properly if you do recognize them, because your fear paralyses you. Physically, fear causes people to freeze or to run. Mentally, it causes them to narrow their attention to the object of their fear. This means that thoughts about other positive stock market trading curbs outcomes, as well as other information from the market, are barred from your mind. You can`t think about all the rational things you`ve learned about the market until the event is over and you are no longer afraid. Then you will think to yourself, `I knew that. Why didn`t I think of it then?` or, `Why couldn`t I act on it then?`

Mark McRae was asked by trader David Jenyns what the things are that he likes to see to make him want to get into the perfect trade.

David: I’m interested to find out what are some buy triggers that you look for, I mean obviously there are hundreds of different ways to get into a trade and achieve your trading goals. What are some of the things that you like to see for you to want to get into a trade?

Mark: Well, you know, I’m much more comfortable in longer time periods, and one of my students, a chap I’ve been talking to lately, is a very good trader, but he trades five-minute — he trades very small time frames and he’s burning out. I think it’s very hard to trade a live account on a small time frame for more than six months. Maybe even three months without a break. But at some stage, you go crazy.

It wasn’t until later on that I became successful in the smaller time frames, but I sort of went from five minutes to thirty minutes, to an hour, to four hours, and I became very comfortable at four hours, and then recently over the last year or two, I’ve become very comfortable with daily charts. And I think also because now I’m more comfortable with much larger stocks. But what gets me into a trade? And also that evolution is I don’t rely so much on indicators anymore.

His name is Adam Hewison. You might want to Google him to confirm what I am about to share with you about him.

There are plenty of people out there that come up with “exclusive email courses” with little or no credentials to actually backup their teachings. So, I think it’s right that I share a little bit about Adam Hewison with you before we even start.

He was a former floor trader on the IMM, IOM, NYFE and LIFFE as well as a risk manager of a very large, multinational corporation in Geneva, Switzerland. He also have written books on forex trading and trend following. In 1995, He founded INO.com and later co-founded MarketClub. He has been in the trading biz for over three decades and has seen it all. He created this course as a way to give back and share trading tips and techniques that he still use in his trading today.

In his Free Mini Email Course, he will show and explain the tools and strategies you need to increase your success rate in the marketplace.

(1) The importance of psychology in price movement

(2) How to spot mega trends

(3) Understanding of technical price objectives

(4) How to picture price objectives

(5) How to trade with moving averages

(6) How to use point and figure trading techniques

(7) How to use the RSI indicator

(8) How to correctly use stochastics in your trading

(9) How to use the ADX indicator to capture trends

(10) How to capitalize on natural market cycles.