We all want ways to improve our trading results, that’s a given. If you’re earning 3% a month you want 6%, and why not? That’s how we improve as traders, we try and do better than last time. Most traders are just looking in the wrong place for where to make improvements… Externally… new strategy, […]
The market was behaving very strangely at the beginning of the week. We had a rough start. Two trades left open from the prior week gave us a big loss as they hit their stop loss. A few trades opened early in the week also hit their stops, and added to the pain. The lesson […]
Being an Elite trader is all about routines, make these daily tasks your routine and the success will follow. When we have routines, checklists and tasks, we are always busy. Maybe busy is not the right word, we always know what we need to be doing. Because let’s face it when left to our own […]
At this stage of the game. When you are sitting down to start forward testing you should know exactly what to expect from your strategy. Forward testing differs from backtesting in many ways. Some of you may have heard it called future trading or paper trading, it all means the same. Hopefully you will have […]
Here at Special FX Academy we trade for a living. Teaching and coaching are things we enjoy, and of course, we do charge for them, but at the end of the day we are and always will be traders. Today I was updating our ledger for our end of the week review, and happened to […]
A wonderful trading week where our system trades took the back seat to some very decent fundamental trades on interest rate decisions from the Reserve Bank of New Zealand, and the Bank of England. This week highlights why good traders cannot rely on a single system to trade, but must leverage their knowledge and trading […]
There are several schools of thought on backtesting. As usual I will give you mine. For me its a no brainer, in terms of your psychology. Backtesting is a must, it is what makes a strategy yours. It builds confidence, you understand why your strategy works. You have a rough idea of what your strategy […]
We have been getting a lot of emails and queries regarding our Elite Trader Program. Which is Special FX Academy’s flagship product. A course built on a dual foundation of psychology and trading that will turn any trader, regardless of experience, into an elite trader. Learn to control yourself and then apply proper trading strategies to consistently […]
Here is our start of the week scan of the Forex Market, looking for likely setups for the new week. We determine the current trends and direction of the different Forex pairs, and gain some insight as to what the week might bring. Keep in mind that this isn’t a predictive exercise. No one can […]
And also a review of April’s monthly results. Volatility is returning to the market, and volatility is our friend. The higher volatility gets, the more pips we can safely capture. April had lots of things going on, and while not our best month on record, we still managed to grow the account by more than […]