The Holy Grail Secret to Trading Success
There is NO Holy Grail Secret to Trading Success! Stop looking for one. And get back to work.
Trading Timeframe Selection
Well, I’ve had a frustrating week. No opportunity to trade until Friday, and no opportunity to work on my website and newsletter service. NOT HAPPY!!! But then, that happens to us all from time to time. Life has a habit of failing to consult with us, prior to messing with our plans. What happened? Well,…
Business Risk Management – Rule of Three
Would you like to discover a quick and simple risk management strategy that is easy to apply to any trading plan, and has the potential to vastly improve results? Excellent! I’m not talking about the placement of stop losses, which is what most people consider as ‘risk management’. Rather, this is a simple tool for…
The Need for Trading Rules
Question: Hi Lance, I read from another resource that in order to detach your emotion in every trade you need to have a set of written specific rules about your entry, your position size, your exit and any other possibility that might happen in that trade and you need to follow it with “marine discipline 
Improving Your Trading Results
Right now as I sit and write this article, it’s coming up to the end of 2008 and I’ll be shortly taking a well-deserved break from the markets and my website. Of course, as an admission that I’m addicted to trading, this won’t be a total break. I have some trading books to read and…
Trading Journal – What is the Minimum Data You MUST Record?
https://youtu.be/yhpCON99QlQ NB. You can check out the Trading Journal I use at this site here. Please note though… this video was made in 2009. The spreadsheet has advanced quite significantly since the version seen on this video. Happy Trading, Lance Beggs
Transitioning from Part-Time to Full-Time Daytrading: Ensuring Sufficient Income
One of the toughest times of my life – that threatened my own psychological wellbeing as well as the potential safety and security of my family – was in early 2004, when I first made the leap from part-time to full-time trading. I had the required knowledge. I had the required skills. I was a…
Time for a First-Quarter Review
“Learning is not compulsory… neither is survival.†… W. Edwards Deming, 1900 – 1993 If you’d like to survive in this game, you need to learn. And while the books and courses are good, the best learning comes from making trades and reviewing your performance. So, as we approach the end of the first quarter,…
Which Market Should I Be Trading?
This is one of the most common questions I get from novice traders. They’re stuck at one of the first steps – deciding what market they want to specialize in. If you’re stuck here as well, then there’s something I’d like you to think about which may make the decision easier… You’re unlikely to get…
When is the Best Time to Trade Forex?
I often get asked, ‘when is the best time to trade forex intraday?’ Great question! Just because the market trades 24 hours a day doesn’t mean that there are opportunities available all day every day. The market typically varies in range, and therefore opportunity, at various times throughout the 24 hour period. Some periods of…