Day Trading: 3 Powerful Strategies To Make Money In 2017-2018



June 18, 2018 at 1:53 pm

Hi Karl,
Thanks for taking the time to engage and I apologize for the late response.
The thing about obtaining general financial knowledge is that it can take up a lot of your day. Whilst it might sound counter-intuitive, I tried to isolate myself from all the “noise”. By noise, I mean comment, opinion etc. This is because this will cause you to form an “opinion” about which way a currency should be moving, based on what decision makers or experts are saying.
On the other hand, if you wanted to trade once or twice in a year, i.e. take a long-term fundamental view that the USD will rise in the next 12 months, the WSJ might be one of the sources you use to build a consensus that forms the basis of your investment decision.
So when I was actively trading on inter-day or intra-day cycles, I used past prices (chart history) to work out entry and exit points, overlaying other indicators that all trading platforms allow you to use.
I hope that helps!
Cheers, Jim

Karl MacGavin

June 14, 2018 at 12:12 pm

James, that suggestion about the demo trading sounds like a good one. Even if you pay a small fee to use it, it’s preferable to investing your money blindly. This was an important tip. I have a question. Do you recommend reading “The Wall Street Journal”? I’ve had subscriptions and they seem like a great news source, which in turn helps when you’re looking to invest. I know the WSJ has an online component so they tend to keep people up to date. Your thoughts?


May 2, 2018 at 10:01 am

Hi Audrey,
Thanks for taking the time to check out my blog.
Oh boy! I could write a separate blog just dedicated to mechanisms you can put in place to ensure that you don’t let emotion cloud your decision making/ judgment when you make a trade. The problem is, I sometimes ignore my own advice!!
Taking the emotion out of trading IS the right thing to do, for any asset class.
Warren Buffet is the Guru when it comes to recognizing that temperament, or lack of control thereof, is what leads to the demise of Traders and Investment Managers alike.
So if you find it hard not to want to “trade the heck” out of a fast moving currency market, especially when the bulls are in full roar, you’re not alone. Trading without emotion takes the fun and excitement out of it, right?
Yes, it does.
Fun and excitement are fine if it’s a hobby.
Not so much, if this is your livelihood…:)
To your success!


May 1, 2018 at 7:01 pm

I am new to forex and after a some demo sessions I felt I was good to go. No one told me that the major part of trading is managing your emotions. Demo sessions are not effective because you don’t loose any money in it, but as you said I started making sure I wasn’t putting in more than I could lose and I started managing my emotions a lot more and things got better. Thanks for your advice. Keep providing us with more information


April 5, 2018 at 10:23 am

Hi Dorcas,

Thanks for taking the time to respond. I’m glad you got value from that post. It’s great to be talking to a fellow Trader!

There’s probably only one thing more volatile than the price fluctuations in the Currency market, and that is the rise and fall of the fortunes of the Brokers and IB’s (introducing brokers) in the industry.

It’s a market that is probably one that online marketers / affiliates should avoid. And that is because of the potential image damage that an affiliate might suffer if they recommend a product or service provider who then goes rogue, collapses or generally misbehaves.

So rather than promote the opening of actual brokerage accounts with a Broker, one way to circumnavigate the potential reputational risks is to promote the Education component of the Industry. In other words promote good trading practices via courses or systems, and not account facilities that involved trading activity itself.

That way you can still be remunerated for sales, but you don’t have a vested interest in a novice trader trading higher volumes than are safe, just to generate more trading commissions from transactions.

Which companies do you follow in the FX Sector and which ones do you think have the right Management Team to be around for the long-haul?

A lifetime ago I was an IB for FXCM when they were 4-5 guys in a small room in a back office in a building on Wall Street!

Your always. Jim


April 4, 2018 at 9:34 pm

Hi Spurway; The Forex trade is a powerful trade depending on the country in which one is trading. As also the currency that will be traded.

I did it locally for a short while and it was amazingly profitable.

Because the currencies do fluctuate, one has to give much time and attention to the trade while trading.

Would you suggest Forex trade to Niche marketers?



March 28, 2018 at 6:38 am

Hi Olivia,
I hear you. Having a healthy respect for the markets, and, not falling into the trap of “forgetting” past market cycles and the signals/indicators that preceded them, is one sure way to stay “forewarned”. As the saying goes, “forewarned is forearmed”.
However, despite our best intentions and carrying out proper due diligence, portfolio diversification is still the best risk mitigation strategy.
If we avoid significant losses, we should be in a position to take advantage of cheaper valuations when the opportunity arises, rather than nursing our wounds.
In the view of a well-respected Fund Manager that I follow:
“Government bonds – historically a more obvious safe haven – may not offer the same opportunity this time around. This is why it is worth looking at the few assets that look relatively under-valued and/or have the potential to protect should markets enter another stormy patch [if we have another GFC].
“These assets might include cash to help dampen volatility and provide that option to invest at cheaper levels when the buying opportunity returns. Selective hedge funds and assets like gold may also have the ability to make money should equity markets fall.”
Good luck in pursuing your investment strategy. I have a lot of respect for everyone who is willing to actively manage some or all of their personal assets.

Olivia Anderson

March 27, 2018 at 10:03 pm

I am constantly trying to stay aware of the credit default rates. I agree with your advice about finding one things and sticking to it. Honestly I don’t do anything other than passive index funds when it comes to stocks. It isn’t something that I have the time to research at this point. However it truly scares me at the thought of a bubble burst that takes as long to recover as it did in 1929.


January 13, 2018 at 6:45 am

Hello Xenia
Interesting Name, I only know the name of the movie xenia the warrior queen.
Stay on the platform as long as you can, before you jump into big trading. Go steady and slowly and don’t risk anything in the beginning. Get a feel for the trading platform and follow the signs and you should be ok. I started to like this and I remember when I made my first 300 Dollar oh I was over the moon. It does not sound much, but it comes with trading the feelings going high and low.
I wish you all the success in 2018 and let me know if you need help. Just give me a buzz.


November 16, 2017 at 4:20 am

Thanks for the advice, sticking to one system. I tried it out with my boyfriend we still following your advice and just do trading on a trial platform. It is so much fun, scary first but after a while really cool. I am very excited to do it the way you suggest.

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