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The Biggest Business in the World

The Biggest Business in the WorldNo, it's not Apple Inc (AAPL), Amazon.com (AMZN) or Alphabet (GOOGL).

Every day billions of dollars change hands across stock, futures and currency markets around the world. As traders and investors, participating in these markets means taking part in the biggest business on the planet.

Major businesses have measurable goals and vision for now and into the future.

Yet you may be surprised to hear what the goals and visions are for the biggest of them all, Global Markets.

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Tips for Trend Following

trading buddiesWe all like trading trends. It's the name of the game when it comes to trading profitably over the longer term.

So, what are the trend trading rules? 

Here are some simple yet robust rules that will hold you in good stead no matter what times frames you are trading. 

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Accountability for Trading Success

Fotolia 43457476 XSIn a recent article we spoke about the isolation that can come through trading for a living. 

So, how can isolation lead to accountability issues?

In a normal day job, most people are accountable to their immediate manager and may have KPI's to meet. As a minimum the manager is keeping a watchful eye over what you're doing.

Yet for traders, who generally work from home alone, the situation is very different.

Do we need to keep ourselves accountable as traders?

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Improve Your Results By Giving Up

iStock 000007651615 261We've spoken before about the qualities required to be a successful trader. There are a million and one books about it, some better than others.

Yet what about the ingrained traits that we should be GIVING UP to take us to the next level?

Giving up in this case isn't the same as Giving in. 

Giving in is waving the white flag and moving on.

Giving up is using the white flag to wipe away bad habits and attitudes and replace them with new thought processes that are going to serve you better. 

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Learning New Skills and Staying Motivated

Ruthless TradingDoes this sound familiar?

You're motivated. You're excited. You're yearning to learn a new skill or start a new project.

Yet, once you start, the excitement starts to subside.

The drudgery kicks in.

Entrepreneurs fall into this trap. When looking for new ways to improve and evolve their businesses, they get bored soon into the process.

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A Losers Game?

stressed manHere's an interesting chart^.

The profit and loss distribution of 14,799 FX and CFD traders in France over a 4-year period.

The blue columns are the buckets of profits/losses. The red line is the cumulative percentage of these clients.

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The Art of Being Objective

relaxed stock trader 300Do you have a set opinion about a market or a stock?

Does this sound familiar?

You enter a position and you're already thinking about what the final outcome will be.

You've bought into the position convinced that the market is going to move in your favour. After all, it was the perfect set up! 

Yet, as traders we need to remember: there are no guarantees. 

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Trading - The Lonely Journey?

active interestOne of the more difficult things that people find with trading is the isolation.

Picking stocks is a lonely business. especially if you're used to working with like-minded people. People you interacted with, bounced ideas off, or enjoyed being around.

Humans are social creatures. Trading removes this natural human need. New traders can feel edgy and uncomfortable.

Trading is also an emotional business. It's one thing to lose money, yet to lose money in an environment where there is no one to help you debrief can be a challenge.

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Why It Pays To Diversify.

time windowThe prevailing wisdom is to ensure you diversify your portfolio.

Buy a selection of shares. Buy some REITs (Real Estate Investment Trust). A few bonds perhaps. And a little cash for a rainy day.

But that's not what I do.

Rather than invest in a portfolio of shares, I invest in a portfolio of strategies.

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