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Non Farm Payrolls July 2009

Using the fast economic news software was able to make 27 points on DAX short filled by the software. Further scalping after the news yielded another 15 points on DAX, so all in all not a bad day. The figures were mixed as previous month was revised up and the Unemployment rate was less than

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NFP Non farm payrolls June 09 – scalping in the zone

I’ve recorded a video showing my trading during the NFP (Non Farm Payroll) announcement and the 30 minutes after the data was released. In the video I show the use of my Fast Economic News software to enter the trade and explain how I used it. I also show the subsequent scalping on the Dax

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Is there a psychology of trading? Are we all insane?

Much is said about the psychology of trading, books, ebooks and all manner of media, hyping, pumping and selling ways to overcome it. But, overcome what? Is there a unique psychology typical of a successful trader? I have been trading for many years and have met hundreds of traders, personally and virtually and the only

Continue reading Is there a psychology of trading? Are we all insane?

Is there a psychology of trading? Are we all insane?

Much is said about the psychology of trading, books, ebooks and all manner of media, hyping, pumping and selling ways to overcome it. But, overcome what? Is there a unique psychology typical of a successful trader? I have been trading for many years and have met hundreds of traders, personally and virtually and the only

Continue reading Is there a psychology of trading? Are we all insane?

Day Traders Need Some Help From Trading Tools

More than ever before, computer trading is taking over the markets.  There are trade algorithms to execute orders for funds, scalp pennies 1000s of times a day, and even algo's that are designed to trip up other algo's by exploiting weaknesses in the way they work.  There are hundreds of companies that have created sophisticated

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