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...

                  Buy Good Proven Algorithmic Trading Systems To be honest it is really quite difficult nowadays to buy good proven algorithmic trading systems . If we go back 10 or 15 years it was relatively easy to buy quite effective commodity trading systems that would work well and give us good profits and not cost a fortune to buy. Sadly those days have more or less passed. One of the earliest systems that I purchased was Aberration which traded a basket of commodities using a simple channel breakout method. This worked very well for a good many years and in fact there are very well documented instances of individual traders making well in excess of $1 million just trading this system.  As with most fields of endeavour it has to be said that trading becomes more challenging every year and whilst a simple system such as aberration does still offer positive expectancy it is also the...

The markets are constantly changing and evolving and never more so than where short term day trading systems are involved. One of the big changes over recent years has been the increase in overnight trading in the indexes. In the old days, most day traders would just ignore the overnight session and concentrate on trading during just the day sessions. Whilst we can still trade very successfully in this manner we would now be missing an opportunity to trade the larger price movements that more recently now take place outside of the normal day sessions.  These sorts of changes that occur present us with new trading opportunities which when combined with our existing strategies can significantly enhance portfolio performance. For instance one of the keys to trading success is harnessing the power of portfolio diversification. This means trying to trade systems or markets or timeframes that are uncorrelated to each other or better still negatively correlated to each other. Cle...

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...