Multi-device: Participate from tablet, mobile* or desktop.
Lots has been said and written about trading.
Either a new viewpoint is brought to the table in retail trading or average results are produced.
The new opportunity is the presence of classes of Algorithms in Modern Markets.
Always strive to learn, understand and use only proven, ‘grounded’ price behaviors.
TOPICS I FOCUS ON IN MY WEBINARS …
NEW USES OF FIBONACCI
Only some levels of Fibonacci are consistently used by classes of Algos that affect the markets. Rules to model participation of Algos in all timeframes have been studied and tested, and are available for levels identification and procedural timing of entries.
THE PSYCHOLOGY OF THE MARKETS
The average behavior of traders taken has a group. The “crowd” madness and bandwagon theory that is justified by the prevalence of three basic emotions: fear of losing money, fear of losing an opportunity and greed.
ADVANCED RISK MANAGEMENT
Risk Management is Trader’s Job #1. “Risk Parachutes” involve the mechanics of trading (price confirmation, risk-free trades, fixed, low % risk), the trading processes (filtering out and generating only the best trades) and statistics (to know own measured trading edge)
ALGOS IN MODERN MARKETS
Markets have changed profoundly in the last 20-30 years. Algos have an overwhelming presence on Modern Markets. In some markets 80%+ of volume is controlled by Algos. It’s not only HFT, as there are several classes of Algos that can be practically leveraged on all time frames.
Reaching Objectives is more related to and dependent upon Money Management than the Trading Method. Position Sizing techniques can be over-imposed on any trading system and can be used to improve trading results. Provided Trading System statistics are known.
PILLARS OF TRADING SUCCESS
The 7 Pillars of Trading Success in Modern Markets include: Psychology of the Market, Method, Timing, Risk Management, Money Management, Psychology of the Trader and Trading as a Business. It’s a bit more articulated than just the 3Ms.
A WINNING PHILOSOPHY
Traditional Technical Analysis, Indicators (statistical tables) and Self-fulfilling prophecies offer pretty weak support when methods for procedural test of Areas of participation of Algos are available.
Reliance on planned news, reconciliation or converges of multiple signals and indicators, ‘visually’ appealing, simple techniques based on lines and traces are not necessary and continue to distort the reality of price.
Which also contributes to the losses of the 95% crowd.
Are your trading method, system and process aligned with the truths and principles that regulate the markets?
Do they reflect the Psychology of the Market?
OTHER TOPICS I FOCUS ON IN MY WEBINARS …
FALLACY OF TECHNICAL ANALYSIS
Why is Technical Analysis so celebrated? The reality is that well known technical patterns are leveraged by insiders to source volume. When costs of trading, slippage, mistakes, executions are considered TA only offers a random reliability. Competitive Modern Markets require much more.
TRADE LIKE THE ELITE 5%
The Elite 5% or Smart Money understands and practice strict Risk Management. Retail Traders must known and emulate, as close as possible, the way the Elite plays the game. Trading it’s all about risk management. Comparisons help understanding what to stop doing and what is worth start doing instead.
PSYCHOLOGY OF THE TRADER
Trading Psychology can make or break us as traders. Trading success and consistency is not related to the mechanics of price or even Money and Risk Management. Consistency requires bringing the game into our own minds and maturing psychologically. No personal growth, no consistency.
PROFITABILITY IN TRADING
Trading Profitability requires a Trading Edge, and understanding of Risk and Money Management, consistent execution and obtaining Risk-free Trades. Profitability is based on methods and techniques which are all learnable skills. A sound Trading Process is also required.
SYSTEMS THAT WORK
Trading Systems development is both Art and Science. Failing to consider, describe, understand all the 10 parts of a system does not allow profitable trading or gathering the information necessary to reach Consistency. Optimizing and Testing Trading systems is key to success.
Trading Consistency requires upping the game of trading to the top level.‘We don’t trade price, but rather our beliefs about price’. Mission, personal inventory, beliefs about part of trading systems, game theory, trading statistics, applying Position Sizing among others, are key to Consistency
Browse my free FXStreet Webinars below. Webinars’ duration is typically 45-60min.
Multi-device: Participate from tablet, mobile* or desktop.
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