Thinking is easy, acting is difficult and to put ones thoughts into

action is the most difficult thing in the world.

Johann Wolfgang Von Goethe

 

 

 

Forex and Index Futures Trading - Heads Up

Welcome. If you´re a trader take a look around and you´ll find some useful information. I keep adding example set ups and further articles when I get the time so hopefully you´ll find something of interest. 

If you are looking to learn how to trade or to improve your performance read my trading manual. It provides a step by step detailed guide covering the foundations and core concepts of forex and futures trading through chart analysis to my day trading process and method. Based on my 1 to 1 session notes, it comprises 165 pages including over 70 chart and trade examples. In a concise and clear format it sets out a route map for newcomers to get started on the right track and for existing traders to improve their ´edge´.

 

 

 

 

 

 

 

 

 

If you´re wondering why I´m quoting Goethe above rather than some tired old trading cliche its because it sums up a key issue in trading, i. e. it´s relatively much easier to be a thinker / analyst than a doer / trader and have to deal with the consequences, risk and uncertainty of your actions. Sure, you first have to learn the analysis part but with guidance and practice it´s not too difficult to spot where the ´best´ opportunities lie.  However, its one thing to be able to analyse your charts, its another thing to trade them. 

The gold is in taking action, not in the analysing! 

And while you´re here - a few more words to the wise!

  • Trading can be fantastically rewarding, financially and personally in many ways. It really can change your life. But it is not the get rich quick scheme many might suggest. To achieve your goals like anything else in life, you have to put in the work and learn the business from the ground up. Do that and you´re on the right track.

  • There are no silver bullets that will make you a trader overnight. Its down to you.   

  • There is no ´holy grail´ set up or trade. There is a ´holy grail´ aspect to trading and that´s more to do with Process than any other aspect.

  • Trading is not simple, clear cut or straightforward - nothing in trading fits that description. Anyone pitching you 100% certainty is is 100% lying!

  • The above said, trading doesn´t have to be complicated. It is complex but once you understand the context you are trading in, and have a strategy and process that accommodates for it, it needn´t be complicated  

  • There are no secrets held by the financial ´illuminati´ which, if you knew, would instantly turn you into a megastar trader. You´d be surprised how many normally sane people fall for this. Nothing further to be said here.

  • You can check your charts for a few minutes while you´re in bed every morning or on the beach and make a fortune. No you cant - get real. This is a professional business - if you are not up for some hard work - forget it.

  • Wherever you see the word Lifestyle or a picture of a Gucci shopping bag and a Lambo - well, what can I say - if you fall for that you really should consider something other than trading :).

  • Trading signals delivered via Telegram, email, whatsapp or whatever won´t ever work - the only thing that works is to learn to trade yourself. 

  • At the end of the day your success will not be down to any external factor it will be down to your personality, your confidence and your ability to focus on Doing What You Know to achieve your goals.

  • And finally, you have to develop an independently minded approach. Blindly trying to follow someone else´s strategy without internalizing that approach and adapting it to what suits you best will only lead to failure. You have to ´own´ it and make it your approach. Only then will you actually start to understand it, believe it, trade it and make money from it. Add this to preparation, discipline and patience and you´re on the right track.  

      For further info contact mark@martkwogan.com

   

 

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"Thanks for the workbook Mark. The method you present works great. Your book and ´Markets in Profile´ (by James Dalton) is the best book on trading I have read. Very practical". Pawel G. Poland

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