It's always falttering to get askd for your views. So here is myself passing on how we monitor the markets and make calculated decisions on DUKASCOPY.TV.
Or watch on the Dukascopy.TV site Lane Clark Beta 2
Friday, 19 August 2011
Wednesday, 17 August 2011
Lane Clark Beta 2, Why use YouTube
It started off innocently enough... to begin with we were reluctant users, using maybe once a week. But then the habit grew, twice a week and now maybe twice a day if we are excited. No, I'm talking about YouTube.
At Beta 2 we know we have to explain what we do and why we are doing it to clients and after some reluctance we realised that YouTube met those aims. Now hardly a day goes by without either myself, Lane Clark Beta 2 CEO, or my colleague Jovi Overo posting a quick Forex summary of the Forex News to YouTube.
Not only is it a way to explain to clients what is going on we also find it a useful way to make sure we are taking stock and reflecting on current affairs in the Forex World. As you would expect we are continually looking for the news that would influence our trading activities - but that five minutes gives us 5 minutes of genuine calm to reflect and consider.
It is also fun (much to our surprise) and as easy as falling of a log. You can visit the YouTube channel here Beta 2. Or we also pick up the RSS feed and show it on our site - Beta 2 - and we show it as well as on a special TV site Beta 2 TV.
We also publish views in text form of course and you can see those on our site as well - but for immediacy there is little to beat the ease and power of YouTube. Give it a bash.
At Beta 2 we know we have to explain what we do and why we are doing it to clients and after some reluctance we realised that YouTube met those aims. Now hardly a day goes by without either myself, Lane Clark Beta 2 CEO, or my colleague Jovi Overo posting a quick Forex summary of the Forex News to YouTube.
Not only is it a way to explain to clients what is going on we also find it a useful way to make sure we are taking stock and reflecting on current affairs in the Forex World. As you would expect we are continually looking for the news that would influence our trading activities - but that five minutes gives us 5 minutes of genuine calm to reflect and consider.
It is also fun (much to our surprise) and as easy as falling of a log. You can visit the YouTube channel here Beta 2. Or we also pick up the RSS feed and show it on our site - Beta 2 - and we show it as well as on a special TV site Beta 2 TV.
We also publish views in text form of course and you can see those on our site as well - but for immediacy there is little to beat the ease and power of YouTube. Give it a bash.
Monday, 9 May 2011
Forex Trading Psychology - Learn to adjust
The Beta2 Lane Clark blog is all about the practicalities of Forex trading and we believe that if you are not moving, you are standing still. Learn to be fluid and never limit yourself to one style. If a trade has passed you by, plenty more will be available. If the markets are behaving in an irrational manner, or it appears too volatile to trade, learn to roll with the punches. Choose positions that will withstand the initial volatility, don’t just exit because it gets to choppy.
If you do exit, stay out as when in doubt…the worse thing you can do is to jump back in if you are uncertain.
If you do exit, stay out as when in doubt…the worse thing you can do is to jump back in if you are uncertain.
Wednesday, 4 May 2011
Forex Trading Psychology - Review your trades and note your progress
At Beta2 we know that analysis, review and refinement in Forex trading is essential.
The more you see that high quality trade setups combined with proper focus leads to good trading, the more you will believe in yourself and your abilities to trade and the less you will allow other things to cause you to hesitate. Carrying out regular reviews takes commitment and a daily routine. Working with a trade journal is the best way to analyse both your trades and your performance as a trader, and to make improvements in both.
The more you see that high quality trade setups combined with proper focus leads to good trading, the more you will believe in yourself and your abilities to trade and the less you will allow other things to cause you to hesitate. Carrying out regular reviews takes commitment and a daily routine. Working with a trade journal is the best way to analyse both your trades and your performance as a trader, and to make improvements in both.
Monday, 2 May 2011
Forex Trading Psychology - Focus on the process of making the trade
The Lane Clark Beta2 blog is all about dealing with the challenges of making Forex trade decisions and then executing.
Once you have recognized that your trade has set up, concentrate on the process of taking the trade. Let your mind say what it will (it will anyway) but focus your attention on making the trade. Focus on what the market (and not the mind) is telling you and take the appropriate action.
Keep your focus on what the market is telling you, not your mind. If you find this difficult, work to develop your focus and concentration. Mindfulness exercises can be a big help in this regard.
Once you have recognized that your trade has set up, concentrate on the process of taking the trade. Let your mind say what it will (it will anyway) but focus your attention on making the trade. Focus on what the market (and not the mind) is telling you and take the appropriate action.
Keep your focus on what the market is telling you, not your mind. If you find this difficult, work to develop your focus and concentration. Mindfulness exercises can be a big help in this regard.
Wednesday, 27 April 2011
Forex Trading Psychology - Know your trade setups
At Beta 2 we specialise in Forex trading and we know that defining the exact criteria for your trade setups will ensure that you have little room to question whether or not they have indeed been set up. In short, be very specific about the criteria you want to see.
You should have already researched your trades and know precisely what a choice setup looks like. Train hard to learn how your setups unfold on your charts and come into the market well-prepared, knowing not only your trade setups but also where they are likely to show up.
Anticipating likely areas (e.g., support & resistance levels) where your trades will set up gives you an advantage, you are ahead of the market, and this will help curb your doubts.
In short “Set your criteria” for Forex trades, suggests Lane Clark, Beta2 CEO.
You should have already researched your trades and know precisely what a choice setup looks like. Train hard to learn how your setups unfold on your charts and come into the market well-prepared, knowing not only your trade setups but also where they are likely to show up.
Anticipating likely areas (e.g., support & resistance levels) where your trades will set up gives you an advantage, you are ahead of the market, and this will help curb your doubts.
In short “Set your criteria” for Forex trades, suggests Lane Clark, Beta2 CEO.
Monday, 25 April 2011
Forex Trading Psychology –Trading
Our experience at Beta2 tells us that many traders can find it difficult to pull the trigger at the opportune time. Instead, they hear their minds say, "Just wait a little longer until it sets up better." They hesitate and have doubts. They might check another indicator, usually one they never look at just to ‘be sure’.
This Lane Clark Beta2 blog is all about helping traders deal with this emotion effectively.
Once a trader begins listening to what their subconscious minds tell them, they are lost. Instead of focusing on the market, their attention is centred on what their subconscious is telling them and, not surprisingly they miss the trade opportunity. Of course, once the trade goes in their originally anticipated direction, their mind is critical for not taking the trade! So listen to the market first and foremost.
This Lane Clark Beta2 blog is all about helping traders deal with this emotion effectively.
Once a trader begins listening to what their subconscious minds tell them, they are lost. Instead of focusing on the market, their attention is centred on what their subconscious is telling them and, not surprisingly they miss the trade opportunity. Of course, once the trade goes in their originally anticipated direction, their mind is critical for not taking the trade! So listen to the market first and foremost.
Wednesday, 20 April 2011
Forex Trading Psychology – Important Tips on Pulling the Trigger
As CEO of Beta 2 I know that there are defined techniques to ensure that you can overcome hesitancy in pulling the trigger when it comes to making a Forex trade.
For successful Forex trading it is a matter of being committed to changing unhelpful behaviour and working hard at doing so with every opportunity that presents itself. In this Lane Clark Beta2 blog we will share some tips to help you overcome hesitation in pulling the trigger in your Forex trading.
For successful Forex trading it is a matter of being committed to changing unhelpful behaviour and working hard at doing so with every opportunity that presents itself. In this Lane Clark Beta2 blog we will share some tips to help you overcome hesitation in pulling the trigger in your Forex trading.
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