Professional Trader Ltd

One of the big mistakes that people make about trading the markets is that they believe that they have to be doing something original or indeed very clever in order to make money from the markets. This really is not the case. In fact, in many ways, it is the exact opposite. The basic concepts that are being used today by both small home-based traders and bigger funds are pretty well exactly the same as they were 40 years ago. For instance, breakout strategies were being used by Richard Donchian in the 1920s and were subsequently used by the famous turtles in the 1980s and are still being used, in one shape or another, today. So that the basic concept has remained valid for pretty well 100 years. One simple concept or bias that you can use immediately in your own trading on the indexes is to simply trade the volatile days. Most of the time the market is meandering a little up and then a little down and making no real progress. However, occasionally some big news event occurs or ch...

Learning to trade Forex can be as simple or as difficult as we choose to make it. We at Pro-trader tend to concentrate on using simple time tested time-proven methodologies. It has to be said that many other vendors choose to complicate this process often for no other reason than to try and justify the very high fees that they charge. For instance, many of the online training courses will tell you that they have 80 hours or a hundred hours or 1000 hours of online video instruction. So initially that sounds great but how many of us really want to sit down and wade through hundred hours of video. By the time we’ve got to the end, we have of course forgotten entirely what was covered in the first hour. The key to trading success absolutely is to keep things simple (KISS).  Think about it if the course requires hundreds of hours of video to explain the methods then what chance have you got of understanding it? It is also going to be exceptionally complicated and convoluted to ap...

Learn to trade So if you are a beginner who wants to learn Forex Trading or even an experienced trader who is not making money in forex then take a step backwards and initially learn to trade  using the simple techniques that traders have been using for nearly 100 years to take profits in the markets. New traders who are learning to trade forex often make the classic mistake of applying multiple indicators to a price chart thinking that this will give them multiple confirmations and lend additional weight to the signals. In other words if you have five indicators on a chart  and they all indicate a buy  then it is far more likely to be a successful trade than if you have two indicators on the chart indicating a buy. This really is not the case and can be proved by computer testing.  If you want to learn to trade successfully step one is almost always to remove some or even all of the indicators from your charts. For those that want to learn forex trading in ...