Category: General Articles

Programming, Products & Research for Traders

FXStrategies Web-site

FXStrategies is a great little web-site that I’ve just recently come across through my association with the trader behind it, Frank Walbaum. Originally from Germany, Frank now lives and trades from his adopted home in Singapore. I got to know Frank at a recent FX conference where we were both speakers and we’ve kept in…
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Naked Forex Now

The Naked Forex Now forum is a great forum that has been set up by Walter Peters, author of the book “Naked Forex – High Probability Techniques for Trading Without Indicators”. His background is in psychology but he got bitten by the forex bug and has spent many years researching and developing his trading approach.…
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Some Thoughts on the UK EU Referendum Outcome

I thought that I’d just take the time to post some thoughts on the whole EU referendum situation as it’s really a huge deal here in the UK. Half the country is mortified at what we’ve voted to do and it feels like a very divided nation at present. Personally I think that there are…
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Choosing a Broker – Safety of Funds

There’s one aspect to choosing a broker that often gets overlooked which is safety of funds. Sadly, when you place your money with a broker your money is at risk from the broker going bust. Now, you may think that this a very remote possibility and of course it is but during the 20 odd…
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FX Broker Review: LMAX

LMAX are a UK-based ECN broker that I have used and at the time of writing still do use. I first came across them via some promotional material and was blown away by how tight their spreads seemed to be. Up until now most of the retails brokers that I’d come across were Market-maker type…
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The Gambler’s Fallacy

I thought that I’d write about something known as the “Gambler’s Fallacy” as it’s something that crops up in trading (particularly FX trading) from time to time. The basic idea is that you can make money by betting cleverly and that somehow through doing this you can turn something that has no inherent edge into…
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How Good is Your System?

How good is a trading system? How can you compare the performance of two different systems and make a judgement as to which you would rather trade? Originally published in “Traders Magazine”, in this article I explore the various different ways of assessing the merit of a trading strategy. Strategy Development Process There are many…
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Web Resources: Forex Live

There are plenty of forex news portals around besides Forex Live but this is the one that I use to keep in touch with what’s going on in the forex world. It’s a pretty straight-forward site with one central page where all the latest news and comments come up in real-time without the need to…
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Blatant Price Manpulation by Market Makers

A short while ago I wrote about the differences between the two main forex broker types, namely ECN brokers and Market Maker or Single Counterparty Brokers (see here). At the time I said that the problem with a Market Maker broker is that they’re taking the other side of your trade and hence there’s a…
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Is Trading Like Poker?

Is trading like poker? A strange question you might think but actually there are a number of similarities and making the comparison can help improve ones trading strategy. Adam Hartley explores the similarities and differences between the two and finds that learning about poker can improve trading performance. There has recently been a great upsurge…
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