2024-01-27 04:48
Introduction Many traders are sceptical about whether or not you can find high probability set-ups on the lower timeframes because the price can move around so fast, and seemingly at random… Read More
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Free forex trading tips, news and analysis, as well as a guide to the best signal providers and brokers that are available.
2024-01-23 18:57
Introduction There have been hundreds of prop trading firms popping up in recent years, many of which have been completely unregulated. Subsequently, they have conducted some fairly dubious… Read More
2024-01-01 10:42
November and December Results Before I discuss my overall performance for the year, I just want to update you with the results from November and December 2023 because these made a strong con… Read More
2023-12-28 17:25
Bootcamp Challenge Prop firm challenges have become very popular in recent years because for a small one-off fee, traders can gain access to a fully funded account if they successfully pass… Read More
2023-12-19 03:58
Introduction I just uploaded a new article to this site a few days ago that took a closer look at the VWAP indicator, and how it can benefit stock, indices and forex traders, particularly th… Read More
2023-12-08 07:05
Introduction I’ve been asked several times to document some trades that are based on multi-timeframe analysis because people seem to really resonate with this particular trading strate… Read More
2023-11-30 21:13
Introduction I was recently asked to provide a few more examples regarding the multi-timeframe strategy that I like to use to trade the forex and commodity markets, so in this article I want… Read More
2023-11-29 15:26
Introduction It is always interesting when prop firms put out some statistics from all of their traders’ trading activity because you can instantly get an idea of which markets are cur… Read More
2023-11-08 23:49
Introduction to Multi-Timeframe Trading Strategies The golden rule of trading is to always trade with the trend because this will tilt the odds in your favor and give you a greater chance of… Read More
2023-10-26 23:33
Crazy Spikes in Yen Pairs If you trade the forex markets every day and follow some of the major yen pairs in particular, such as the GBP/JPY, EUR/JPY, USD/JPY and AUD/JPY, for example, you m… Read More
2023-10-21 19:43
Introduction As I am based in the UK, I don’t generally like to trade on Friday afternoons when the US markets open. I prefer to close out any positions before then and finish early fo… Read More
2023-10-11 20:09
Trade Set-Up The tragic events that took place in Gaza over the weekend unsurprisingly caused the price of oil to spike sharply upwards on Sunday evening and into the early hours of Monday m… Read More
2023-10-02 21:41
Introduction Monday is often a difficult day to trade in my experience because there is often very little newsflow, and the currency pairs are slow to make their initial move for the week. F… Read More
2023-10-01 15:52
Introduction As we enter a new month, we can see that the USD/JPY recorded another strong month in September. The price closed the month out at 1.4934, just 66 points off the key round numbe… Read More
2023-09-24 16:00
GBP/USD Weakness With the Bank of England keeping interest rates on hold this week after better than expected inflation numbers, it is no surprise that the British pound has been selling off… Read More
2023-09-03 00:12
The prop industry has been exploding in popularity in recent years as more and more traders attempt to earn a fully funded account and trade with another company’s capital. However yes… Read More
2023-08-26 10:06
Introduction IG.com is a very popular site amongst traders and investors because it enables people to go long and short on thousands of different stocks through their spread betting and CFD… Read More
2023-07-29 12:35
Introduction FOMC weeks are always a lot of fun for indices traders because you can pretty much guarantee that there will be a lot of volatility after the interest rate announcement and the… Read More
2023-07-09 12:43
A Profitable Week I will start off by saying that I had a fairly profitable week overall in terms of day trading. It was a shortened trading week because of the 4th July holiday and the half… Read More
2023-06-14 21:16
Introduction Opening range breakouts can be some of the easiest and most profitable trades to execute when you get some good set-ups, and today we had a textbook set-up on the US crude oil m… Read More
2023-06-11 13:02
Introduction If you are day trading the forex markets, or like to trade commodities, cryptocurrencies or stock market indexes, for example, it is always useful to know which markets are show… Read More
2023-05-23 18:58
Introduction As a day trader, you always want to see strong trends upwards or downwards with plenty of volatility because this will enable you to either ride these trends upwards or downward… Read More
2023-05-21 09:17
Introduction I have always been a big fan of inside bar set-ups because these provide you with a low-risk, high probability entry point that can potentially have high rewards. You can either… Read More
2023-05-20 14:29
Introduction Many forex traders will tend to focus all of their attention on the major forex pairs, such as the GBP/USD, EUR/USD and USD/JPY pairs, for example, but the oil markets can be ju… Read More
2020-08-03 08:19
A Poor Month – Down 6.16% July proved to be a very disappointing month for my eToro account with an overall fall in value of 6.16%. I did manage to close out a few positions for a dece… Read More
2020-06-15 09:12
Volatility in 2020 Every year I take a look at the average daily trading range of not only the various different currency pairs, but also a variety of other markets such as stock market indi… Read More
2020-05-30 15:47
A Modest Gain – Up 0.89% Last month I was up nicely as we approached the end of April, only to see most of those gains wiped out on the final trading day, and exactly the same thing ha… Read More
2020-05-25 07:39
Bitcoin As An Investment For a long time I wrote Bitcoin off as nothing more than a purely speculative asset with no real tangible value. In some respects that still holds true, but with mor… Read More
2020-05-24 06:39
Recent Breakout At the start of this month, I highlighted the price breakout that had occurred on the daily chart of WTI Crude, and suggested that the price may well continue moving up towar… Read More
2020-05-13 05:55
Bitcoin Halving It has been quite a quiet week on the markets so far, but it has been interesting to keep an eye on the Bitcoin price in recent days and weeks because of it’s recent ha… Read More
2020-05-10 14:12
Price Action If you have been watching the price of oil in recent weeks and months, you will know that it has been on a crazy ride just recently. Indeed there was a brief time when the oil p… Read More
2020-05-02 06:44
An Eventful But Flat Month – Down 0.66% March was the month when the markets really plummeted around the world, with my own eToro portfolio falling in value by 15%, but April also turn… Read More
2020-04-20 06:26
Bitcoin Trading Bitcoin has always been a popular instrument for long-term buy and hold investors because many people see the long-term value of this particular cryptocurrency, and believe t… Read More
2020-04-16 06:39
2020 Price Action So Far It is fair to say that 2020 has been a complete disaster for many stock market investors thanks to the global coronavirus pandemic that has effectively closed down t… Read More
2020-04-01 09:14
Worst Month So Far – Down 15.69% First of all, I would like to apologise for not continuing to post monthly updates about my eToro progress in recent months. As many of you will know… Read More
2020-01-02 09:21
Introduction It’s always a good idea to look back on the previous year’s trading results at the end of a year, reflect on these results and set yourself goals for the coming year… Read More
2019-12-30 07:14
An Excellent Month – Up 5.52% There are still a few trading sessions left in 2019, but I wanted to write this update now so that I can enjoy the New Year celebrations. December is ofte… Read More
2019-12-12 08:40
December General Election A general election was called in the UK because it was seemingly the only real way to get any kind of resolution regarding Brexit. With three years of uncertainty a… Read More
2019-12-02 06:53
A Steady Month – Up 1.83% I would think most people would be delighted if they could grow their trading account by 1.83% per month, but despite this, I am still left a little disappoin… Read More
2019-11-25 06:07
Price Action It has been interesting to watch the price action of the USD/JPY pair in recent months because after hitting a low of around 104.46 back in August, it has been slowly trending u… Read More
2019-11-18 07:59
Moving Average Trend Benefits If you ask a technical trader which indicators they like to use when trading the forex markets, you can be certain that many of them will use moving averages. T… Read More
2019-11-01 13:05
Steady Gains – Up 2.21% October was turning out to be another excellent month for my eToro trading account (account ID = SteadyProfits) as I was up over 4% at one point, but unfortunat… Read More
2019-10-23 12:24
Long-Term Depreciation Any of my readers who live in the UK will know just how much the pound has fallen in value against the dollar in the last few years. In fact it has fallen sharply agai… Read More
2019-10-01 11:51
A Very Good Month – Up 6.11% September turned out to be an excellent month for me because my eToro trading account finished the month up 6.11%, making it the second most profitable mon… Read More
2019-09-27 08:38
Descending Triangle Breakout Last week I was discussing the descending triangle that had formed on the price chart of Bitcoin, and highlighted how it was trading in an ever decreasing tradin… Read More
2019-09-17 12:49
Bitcoin Price Action Bitcoin has had a pretty crazy ride over the last few years. After surging higher to around $20,000, the price subsequently dropped all the way back to around $3150, and… Read More
2019-09-09 15:08
Introduction to Pin Bars I was listening to a podcast over the weekend and one of the traders being interviewed said that despite having about three core strategies that she likes to use, it… Read More
2019-09-01 10:51
Modest Gains – Up 0.93% The British summer is not usually a good time for stocks, and in fact they will often head lower on lower volumes at this time of the year. So I am relatively h… Read More
2019-08-27 12:40
Recent Price Action The British pound has slumped against many of the major forex pairs as the threat of the UK leaving the European Union without a deal has only increased with every passin… Read More
2019-08-19 12:19
Previous Trading Range If you read my previous blog post that I wrote about the AUD/USD pair last month, you will know that I talked about a potential long-term breakout that could be about… Read More
2019-08-13 12:25
Introduction Cryptocurrencies have exploded in popularity in recent years as more and more people learn more about them, and see the potential of these digital / virtual currencies in the ye… Read More
2019-07-30 12:22
Solid Performance – Up 5.07% After the heavy falls that I incurred back in May, June proved to be a good recovery month with the value of my eToro portfolio going up by 2.8%, and July… Read More
2019-07-23 14:20
Previous Price Action The AUD/USD pair has been very interesting to watch in the last few weeks because it is getting closer and closer to a significant breakout all the time. If you look at… Read More
2019-07-05 06:01
New Trading Contest Trading contests are always a lot of fun because they enable you to compete against other traders, and, in most cases, win cash prizes if you turn out to be one of the mo… Read More
2019-07-01 06:45
A Nice Recovery – Up 2.81% If you have been following my eToro updates for a while, you will know that May was my worst month so far. After being nicely in profit for the year, my port… Read More
2019-06-25 08:19
Recent Price Action As an investor in a few oil stocks, I tend to watch the oil price very closely, and it is fair to say that the price of this commodity has been very volatile so far in 20… Read More
2019-06-11 07:28
Introduction to MACD Divergence The MACD indicator has always been one of the most widely used technical indicators because it tends to follow the trend and the general price movement of a p… Read More
2019-05-28 08:57
My Worst Month Yet – Down 11.32% I started last month’s update by saying that this had been my best month yet because I was up 9.61% at that time, and I actually ended the month… Read More
2019-05-16 09:28
Previous Price Action For a long while, it looked like the price of Bitcoin was just going to continue to trade in a sideways trading range between $3500 and $4000. However there was a large… Read More
2019-04-22 07:27
My Best Month Yet – Up 9.61% It’s Bank Holiday Monday here in the UK and the markets will remain closed for one more day, so I thought this would be a good time to discuss my lat… Read More
2019-04-18 09:24
6-Month Brexit Delay An agreement has recently been reached between the UK and the European Union for Britain’s official exit to be delayed until October 31. This will come as welcome… Read More
2019-04-02 09:33
Gold Price Action If you look at the long-term daily chart of gold, you will see that the price has been steadily rising upwards since the end of 2018. As you can see from the chart below, t… Read More
2019-03-28 08:58
Not A Good Month There was a time at the start of the month when the portfolio was in really excellent shape. I banked some small short-term profits on various stocks, sold a few of my longe… Read More
2019-03-19 08:03
Aussie Dollar Weakness The Australian dollar has really struggled against the New Zealand dollar in recent months. Back in January I posted about the long-term weakness of this particular pa… Read More
2019-03-14 07:54
Introduction As someone who trades both UK and US stocks on the eToro platform (profile = SteadyProfits), I am all too aware of how little movement there has been just recently on the major… Read More
2019-03-04 08:06
Introduction With the major stock markets surging higher in 2019, I think many people naturally assumed that the price of gold would struggle to stay above $1300. I know I certainly did beca… Read More
2019-02-27 06:52
A Profitable February After the dramatic stock market falls that we saw in December (just after I started trading on eToro) and the rebound that we saw in January, it is fair to say that Feb… Read More
2019-02-19 09:21
Markets Summary It has been very interesting to see how the markets have traded in the first few months of 2019, and I think it is fair to say that many people will have been surprised by ju… Read More
2019-02-18 07:53
Introduction The official date that Britain leaves the European Union (29 March 2019) is getting ever closer, but there is still just as much uncertainty as ever. Nobody really knows if we w… Read More
2019-02-11 07:59
Price Action The US dollar has been very strong in recent weeks, as you can see for yourself if you look at the charts of the various dollar pairs. However in this article I want to take a c… Read More
2019-02-06 07:53
Identifying Trends One way of identifying whether a particular forex pair is trending upwards or downwards is to simply plot a series of short, medium and long-term moving averages on your p… Read More
2019-02-04 07:51
Profile Page Changes on eToro If you are a trader or a copier on eToro, you will know that everybody’s profile page used to show their overall profit (as a percentage) for the previous… Read More
2019-01-31 08:40
A Profitable January It is fair to say that my account is still suffering from the drubbing it took in November and December, which as I said before, was one of the worst times that I could… Read More
2019-01-30 09:03
If you are day trading the forex markets, it is important that you trade those currency pairs that have tight spreads first of all, but it is also a good idea to trade the more volatile pair… Read More
2019-01-28 08:39
Introduction A lot of traders tend to focus on the British pound, the US dollar and the Japanese yen when trading the currency markets, but there are a few other pairs that have relatively l… Read More
2019-01-25 07:48
Recent Price Action The British pound has rallied strongly in recent weeks as the threat of a no-deal Brexit recedes and the likelihood of a delayed Brexit increases as the days go by. Subse… Read More
2019-01-18 07:59
Previous Analysis I have been looking at the price of both gold and the Dow Jones index in recent weeks because they have both been trading close to major resistance levels, and are therefor… Read More
2019-01-10 08:20
Inside Bar Breakouts I have long argued that inside bar breakouts are some of the easiest and most predictable breakouts that you can trade. All you need to do is wait for quite a large cand… Read More
2019-01-09 08:03
December Price Crash Unless you have been living under a rock for the last few months, you will know that the Dow Jones (and all of the other major indices) completely collapsed last month… Read More
2019-01-08 09:16
Previous Price Action It is a long time since I talked about gold, but in my last post back in October, I highlighted the upwards price breakout that had just occurred on this particular com… Read More
2019-01-01 10:26
Previous Breakout A few weeks ago I highlighted a possible breakout that was shaping up on the daily chart of US crude oil, and as it turned out, this would have been a very profitable trade… Read More
2018-12-30 11:46
Bad Timing Joining eToro and opening a live trading account (SteadyProfits) in the middle of November 2018 was not the smartest move I could have made in hindsight. In fact with the stock ma… Read More
2018-12-19 10:35
December Price Falls December is usually quite a good month for stock market traders and investors, but this has apparently been the 2nd worst December on record. The leading stock market in… Read More
2018-12-17 16:11
Recent Price Action The price of US crude oil has been trading in quite a narrow sideways trading range in recent times, and seems to have stabilized between $50 and $55 with no clear direct… Read More
2018-12-13 16:57
New Funds If you read my previous update, you will know that I have been trading CFDs with eToro so far (under the account SteadyProfits) due to my modest account size, which has led me to t… Read More
2018-12-10 15:57
Christmas Trading We are coming up to one of the most exciting times of the year. A time when we can all take a break from work and spend some quality time with our loved ones. None of us re… Read More
2018-12-04 15:49
My Initial Impressions of eToro I have been trading on eToro for a few weeks now (my profile is SteadyProfits), and it has been an interesting experience so far. I have found that the platfo… Read More
2018-11-29 08:14
Introduction The GBP pairs have been almost impossible to trade just recently because of the ongoing uncertainties surrounding Brexit, which is why it is sometimes a good idea to just wait f… Read More
2018-11-27 08:13
Introduction I used to trade early morning breakouts quite a lot in the past, and to be honest, I have forgot just how profitable they can be. The downside is that you need to be at your com… Read More
2018-11-26 09:06
Introduction To eToro I have known about eToro for a long time because they have always been one of the most popular social and copy trading platforms. Indeed as a seasoned trader myself, I… Read More
2018-11-20 08:22
Price Action The markets have been fairly turbulent in recent weeks. After a big sell-off that took the Dow Jones all the way down to 24,120, the markets bounced back and the Dow went on to… Read More
2018-11-19 09:03
Brexit Chaos Some financial experts have recently claimed that the GBP pairs have become untradable just recently as a result of the ongoing chaos surrounding the Brexit negotiations, and it… Read More
2018-11-15 08:15
Bitcoin’s Trading Action The price of Bitcoin has remained steady for quite some time now because it has continued to trade within a fairly predictable sideways trading range between a… Read More
2018-11-14 08:38
Price Action The AUD/NZD pair has fallen quite dramatically in recent weeks. After posting a yearly high of 1.1176 back in August, it has since fallen all the way down to 1.0620, which is eq… Read More
2018-11-08 09:03
The New eToro Cryptocurrency Wallet There are now quite a few sites that enable you to buy and sell Bitcoin and other cryptocurrencies, but many people are still reluctant to use some of the… Read More
2018-11-07 09:24
Who is NightlyPips? NightlyPips is a signal provider on ZuluTrade who has quickly become one of the most followed traders on this social trading platform, despite only operating for 11 weeks… Read More
2018-11-06 08:32
Introduction After last month’s heavy stock market falls, the markets have bounced back as people have seen this as a good opportunity to pick up some cheap stocks. As a result, the pr… Read More
2018-11-05 10:10
Price Falls in October The price of crude oil has fallen quite sharply in recent weeks after posting new highs at the start of October. After posting a high of $86.65, the price of Brent cru… Read More
2018-10-30 09:33
Who is Aimstrader? Aimstrader is a trader from the Netherlands called Jeroen Dekker who has rapidly made quite a name for himself on the eToro social trading platform throughout 2018. At a t… Read More
2018-10-26 08:59
Introduction to the EMA (200) The 200-day exponential moving average, or EMA (200) for short, actually has a lot of importance in the world of trading. When the price breaks upwards through… Read More
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