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Premium financial market trading tools, software and training for traders and investors of all levels

TD365 - Indices Trading

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6 Considerations For Improving Trading Results

February 26, 2014 by Stuart Young Leave a Comment

As we are nearing the end of February 2014 already, this is an opportune time to ensure our plans are now in place for improving trading results this year.

Below is a brief summary of some critical items to consider for improving trading results:

1) Goals: Document both short & long-term goals for your trading business as this helps to define the path you wish to follow & direct your focus where it is most needed in order to achieve your goals;

2) Trading Plan: Ensure you have a documented AND back-tested trading plan which shows a clear positive expectancy over a large number of trades. If your trading plan does not show clear positive expectancy then no amount of trading psychology, or anything else for that matter, will help in the long run. The plan must include a breakdown of your trade selection criteria, setups & triggers, risk management, money management, trade management etc. Also include record keeping and review processes plus often forgotten items such as contingency plans (eg if your internet provided where to go offline while you’re in a trade, power failure); backup systems; etc. just to name a few;

3) Market Preparation (“prep”): Ensure you prep every market/instrument BEFORE entering any trades. Make smarter decisions up front, then manage your risk and the trade as per your plan;

4) Record Keeping & Review: Ensure you record and review your trades. Without documented metrics you have nothing to objectively review for improvement.
Without adequate record keeping or trade journal you unable to track your System Expectancy, also referred to as your “Trading Edge” for the trades you’re currently placing in the market… REMEMBER… If your trading system does not show clear positive expectancy (both in back testing AND in live trading) then no amount of trading psychology, or anything else for that matter, will help in the long run.

ACTION: Consider creating your own spreadsheet to record your trade results, or using an existing trading journal product such as “Trading Journal Spreadsheet ®”
http://www.GlobalTradingTools.com/view/TradingJournalSpreadsheet/

5) De-Clutter: can consist of both “physical” and “mental” clutter. Clutter can distract us from focusing on what we really need to be doing to achieve our goals, rob us of valuable time, lead to feeling confused or overloaded…none of which is conducive to running a consistently profitable trading business;

6) Health: along with your time, health is the most valuable asset we have. Need balance in all aspects of life.

Wishing everyone a happy, healthy and prosperous 2014.

Stuart Young

 

Filed Under: Trading News, Trading Psychology, Trading Strategies Tagged With: global trading tools, goals, improved trading results, improving trading results, positive expectancy, stuart young, trading edge, trading journal, trading plan, trading tools

Warning!!! Stochastic Indicator – Mutton Dressed as Lamb?

October 2, 2013 by Davin Clarke Leave a Comment

I was an eager trading upstart with a few trading profits from the dot com boom way back before the year 2000.

I chucked in my job, sold my printing equipment and researched day and night to find the system to be the next George Soros.

Does this tale sound familiar?

Of course 3 weeks in I had found the answer, stochastics. I couldn’t believe how wonderful it looked as my eyes caught the signals generating the start of amazing trends. Why hadn’t anyone else seen how much money was available in trading pullbacks. The private jet was just around the corner. Maybe I could buy Christopher Skase or Alan Bond’s used one!!!

So after adjusting my Stochastic settings to my secret formula (I think I moved the K period to 11), off I went to trade for a living. Now the reality did not quite fit the TV ads of me with my laptop by the infinity pool watching my account grow. I was watching signals on my large (for late 1990’s) 15 inch screens hitting the stochastic cross and then not magically going up like it should. Sometimes it would move lower, sometimes it would chop and every now and then it would move higher. Many times as I moved to a profit I would move my stop to break-even and then get stopped out. Eventually after a few losses I would take off the stop altogether and bail for a large loss just before a reversal where the market would shoot up. We’re now in 2013 and I look at markets a lot differently to back then. Market structure and corrective phases are what I focus on in my trading and how I teach clients. My view is that trading using stochastic or other momentum indicators in isolation creates fairly random outcomes without an understanding of the bigger picture.

When we look at indicators our eyes often skip the failed trades and lock in on the successful ones. System developers often see this bias when evaluating and back testing potential ideas.

Let’s review the 6 stochastic signals from an entry perspective on a Euro chart and then look at it with a focus on market structure points.

Stochastic Indicator – Mutton Dressed as Lamb?  We MUST use any indicator in conjunction with Market Structure

Signal 1 came after a weekend gap up and deep correction. Both this first area and the Signal 2 setup could have produced nice returns if traders had wide stops in place and managed to second guess the Fed meeting where price zoomed up.

Signal 3 produced an entry after the vertical move up. There was very little follow through and would have been difficult to produce a positive outcome.

Signal 4 had a little downside follow through but failed to trend strongly.

Signal 5 had no follow through and failed and signal 6 failed after moving a few points to the downside.

With trading the stochastic indicator in this example there is a conundrum. Take large stops to get the occasional out-sized winner but lose more on each loss, or take small stops and often get stopped out before a big move comes about. There is nothing wrong with using a momentum indicator but it needs to be in context with the market dynamics. Trading the first bounce after an exhaustive vertical move (Signal 3) is a different structure to trading the 2nd retracement of a range bound market (signal 2).

I have developed an understanding of market structure to improve my trading and believe it is essential to create a lasting edge.

Here is a few key structure observations which have provided me an edge when trading:

The Gap and Trap. Point “A”

Gaps are often exhaustive in nature, when they occur after a trending move. Over optimism has buyers entering the market at a price point where there is no-one on the sidelines willing to bid higher. Usually we see a small impulse move above the open high before traders start accepting lower prices. This is a key setup for me after a positive profit announcement and a prior run up in price and at times where there is an optimistic crowd. My job as a trader is to identify where the upward momentum stalls and capture a low risk entry as selling commences. Price in this instance moves in the path of least resistance. Think about this – If there are no more buyers on the sidelines willing to trade a higher price, no matter how exciting the news is the price cannot move higher. And as the first traders start accepting lower prices to close their positions it forces other traders holding a long position to contain losses and sell creating a snowball effect.

Pump Fake. Points ”B”

The pump fake is defined where price action thrusts above support or resistance and then reverses, moving back within the prior range that has developed. These spikes tend to shake out stop losses and set up break out traders positioned on the wrong side, forcing them to close their position and effectively adding to the price reversal. I have marked in 3 areas with a “B”.

Tip. Have a look at the stochastic at each of these “B” points. The crossover at each had nice follow through. Combining momentum and structure will improve trade selection and timing.

Key Message

Working off specific zones that trap traders is a way to counter-punch. In boxing the counter punch when an opponent is off balance is a deadly weapon. Catch traders that have committed to a trade and capture profit as they acknowledge the dynamics have changed by reversing their positions.

Contrary dynamics that surprise the majority are what creates directional movement.

[divider]If you would like any information on our new BREAKTHROUGH Trading Course, please visit www.GlobalTradingTools.com/training/breakthrough-trading-course/ or complete the contact form.

Thank you and good trading.
Davin

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RISK WARNING:
You understand and acknowledge that there is a high degree of risk involved in trading securities, currencies/foreign exchange and/or derivative products. Trading securities, currencies/foreign exchange and/or investment in derivatives can be very speculative, involves considerable risk, may result in losses and is not suitable for every investor. Global Trading Tools does not take into account the objectives, financial situation or needs of individual users. Hence, You should carefully consider whether trading in securities, currencies/foreign exchange and derivative products is appropriate for You in the light of your financial circumstances. You should be aware that dealing in products that are highly leveraged carry significantly greater risk than non-geared investments such as share trading. As such, You could both gain and lose large amounts of money. You may sustain losses in excess of the moneys You initially deposit and also in excess of the margin required to establish and maintain any positions in leveraged products.
No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any form of media (including but not limited to web sites, email, print or banner advertising, social media sites and/or Global Trading Tools affiliates) by Global Trading Tools.
The past performance of any trading system or methodology is not indicative of future results.

 
THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY.

Filed Under: Trading Strategies Tagged With: davin clarke, gap and trap, market structure, Stochastic indicator, stochastics, trading, trading tools

Inevitable Trading Losses – The Elephant In The Room

October 2, 2013 by Stuart Young Leave a Comment

Inevitable Trading Losses – The Elephant In The Room

I came by a book published around 80 years ago by R.W. Schabacker. It is amazing that even without the HFT systems, chart patterns and business channels devoted to trading and investing that the core concepts remain. Loses are inevitable.
It is how we deal with them that is key.

No trader can ever expect to be correct in every one of his market transactions. No individual, however well he may be grounded, no matter how much experience he has had in practical market operation, can expect to be infallible.

There will always be mistakes, some unwise judgments, some erroneous moves, some losses. The extent to which such losses materialize, to which they are allowed to become serious, will almost invariably determine whether the individual is to be successful in his long range investing activities or whether such accumulated losses are finally to wreck him on the shoals of mental despair and financial tragedy.

It is easy enough to manage those commitments which progress smoothly and successfully to one’s anticipated goal. The true test of market success comes when the future movement is not in line with anticipated developments, when the trader is just plain wrong in his calculations, and when his investments begins to show a loss instead of a gain. If such situations are not properly handled, if one or two losing positions are allowed to get out of control, then they can wipe out a score of successful profits and leave the individual with a huge loss on balance.

It is just as important, nay, even more important, to know when to desert a bad bargain, take one’s loss and count it a day, as it is to know when to close out a successful transaction which has brought a profit.

The staggering catastrophes which ruin investors, mentally, morally, and financially, are not contingent upon the difference between a 5 per cent loss limit and a 20 percent loss limit. They result from not having established any limit at all on the possible loss.

Any experienced market operator can tell you that his greatest losses have been taken in those, probably rare, instances when he substituted stubbornness for loss limitation, when he bought more of a stock that was going down, instead of selling some of it to lighten his risk, when he allowed pride of personal opinion to replace conservative faith in the cold judgment of the market place.

We trade to make a profit.

— Written by Schabacker 80 years ago in Stock Market Profits.
[divider]If you would like any information on our new BREAKTHROUGH Trading Course, please visit www.GlobalTradingTools.com/training/breakthrough-trading-course/ or complete the contact form.

Thank you and good trading.
Davin & Stuart

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RISK WARNING:
You understand and acknowledge that there is a high degree of risk involved in trading securities, currencies/foreign exchange and/or derivative products. Trading securities, currencies/foreign exchange and/or investment in derivatives can be very speculative, involves considerable risk, may result in losses and is not suitable for every investor. Global Trading Tools does not take into account the objectives, financial situation or needs of individual users. Hence, You should carefully consider whether trading in securities, currencies/foreign exchange and derivative products is appropriate for You in the light of your financial circumstances. You should be aware that dealing in products that are highly leveraged carry significantly greater risk than non-geared investments such as share trading. As such, You could both gain and lose large amounts of money. You may sustain losses in excess of the moneys You initially deposit and also in excess of the margin required to establish and maintain any positions in leveraged products.
No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any form of media (including but not limited to web sites, email, print or banner advertising, social media sites and/or Global Trading Tools affiliates) by Global Trading Tools.
The past performance of any trading system or methodology is not indicative of future results.

 
THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY.

Filed Under: Trading Psychology Tagged With: Elephant In The Room, Inevitable Trading Losses, Schabacker, Stock Market Profits, trading losses, trading tools

Candlestick Charts Made Simple

July 28, 2013 by Stuart Young Leave a Comment

Although bar and candlestick charts both display the same information (high, low, open, and close for a specified period), with bar charts the information may not always be immediately obvious at first glance. For example, did the bar close higher or lower than where it opened. With candlesticks this is obvious at first glance, without having to look closely at the little dashes on a bar chart to know this.

Candlestick charts highlight much more visually, the area between the open and close price, than on a bar chart. For many this can help quickly assess the prevailing market forces and help your mind quickly priortise things.

If you are interested to learn more about candlestick charts, we would like to offer you a complimentary copy of our “Candlesticks Made Simple” presentation.

This material will provide you with the fundamental knowledge necessary to help you begin using candlesticks in your trading.
 
Click here to view and download the presentation

 
An example from Global Trading Tools “Candlesticks Made Simple” presentation
(download link above):

Candlesticks Made Simple

 

Thank you and good trading.

Stuart Young

 

RISK WARNING:
You understand and acknowledge that there is a high degree of risk involved in trading securities, currencies/foreign exchange and/or derivative products. Trading securities, currencies/foreign exchange and/or investment in derivatives can be very speculative, involves considerable risk, may result in losses and is not suitable for every investor. Global Trading Tools does not take into account the objectives, financial situation or needs of individual users. Hence, You should carefully consider whether trading in securities, currencies/foreign exchange and derivative products is appropriate for You in the light of your financial circumstances. You should be aware that dealing in products that are highly leveraged carry significantly greater risk than non-geared investments such as share trading. As such, You could both gain and lose large amounts of money. You may sustain losses in excess of the moneys You initially deposit and also in excess of the margin required to establish and maintain any positions in leveraged products.
No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any form of media (including but not limited to web sites, email, print or banner advertising, social media sites and/or Global Trading Tools affiliates) by Global Trading Tools.
The past performance of any trading system or methodology is not indicative of future results.

 
THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY.

Filed Under: Trading Strategies Tagged With: bar charts, candlestick charts, candlesticks, global trading tools, stuart young, trading tools

Resolve one of the most common barriers to trading success

July 28, 2013 by Stuart Young Leave a Comment

What are your barriers to trading success ?

Many new traders can easily get caught in the trap of focusing more on their winning percentage (accuracy) or entry setups, rather than having a balanced approach to their overall trading system, thereby creating common barriers to trading success.

There are many aspects to successful trading which are equally important and must not be neglected, including risk/reward ratio (generally making more on your winning trades than you lose on the losing trades), trade management, money management, etc.
Another critical, yet often overlooked aspect is, knowing the system you’re trading actually has a positive edge/positive expectancy (please note a positive edge is not simply having an accuracy rate greater than 50%).

Remember trading is an odds-based endeavour and traders are continually challenged by the prospect of making decisions in the face of uncertainty. As a trader, we must therefore place our trades based on a trading plan/system which has a proven edge (positive expectancy) and learn to think in terms of probabilities.
The importance of this statement must not be underestimated!

However every day, many traders put their hard earned money into the markets WITHOUT even knowing their system truly has a positive expectancy or worse still, not even trading to a documented and properly back tested trading system/plan.

  • This is a clear barrier to your trading success!

“We look to enter where the outcome is unknown BUT the odds are in our favour”
— Davin Clarke

As Davin’s quote above indicates, trading is a business of dealing with probabilities, not certainties, and traders must train themselves to think in terms of probability for a very important reason:
Individual trades are not predictable. However, we can achieve a level of predictability in the outcome of a series of trades when you have an edge.

Mark Douglas (in his book, “Trading in the Zone”), calls this….
Paradox: Random Outcome, Consistent Results

It’s the ability to believe in the unpredictability of the game at the micro level and simultaneously believe in the predictability of the game at the macro level that makes a trader effective and successful at what they do.

~ Mark Douglas, Trading in the Zone

So, how do you make the probabilities work for you?

  • Trade ONLY When You Have A Positive Edge !

But what does this actually mean?

Ask yourself the following question…
“What is my System Expectancy, also referred to as your “Trading Edge” (average $ return per trade) for the trades I’m currently placing in the market“?

If you’re unable to answer this question, this may be one of your key barriers to trading success and indicates that you are either:

  1. Not recording your trading results at all,
  2. Not analysing the results of your recorded trades, or
  3. Are unsure how to calculate these values

In any case you need to take action in order to track your trades and analyse your results…

ACTION STEP: Consider creating your own spreadsheet to record your trade results, and at a minimum, record data to derive the following figures:

  • Accuracy (Winning Percentage)
  • Average Win (Net $)
  • Average Loss (Net $)
  • Losing Percentage
  • Risk/Reward Ratio
  • Expectancy ($ per trade)

If your unable to create such a spreadsheet, or looking to record and analyse your trading to a deeper and more detailed level, consider using an existing Trading Journal product such as “Trading Journal Spreadsheet®”
http://www.GlobalTradingTools.com/view/TradingJournalSpreadsheet/

If creating your own spreadsheet but unsure how to calculate the expectancy of your trading plan, below is the formula:
Expectancy ($ per trade) = (Win% x Ave Win) – (Loss% x Ave Loss)

This expectancy value tells the trader how much money they would expect to win on average, per trade, however, to get a clear picture of your system expectancy you really need to aim for an absolute minimum of 100-200 trades, but the more the better. Use a product such as NinjaTrader ‘Market Replay’ functionality to speed up the initial back testing of your plan, however after completing initial back testing, you then need to trade your system in a demo or simulation account to confirm you’re able to replicate the back tested results on live markets.

Only after these steps have been successfully completed, should you then consider trading in a live account (using your own capital), starting with small trade sizes.

An example:
If you have an accuracy rate of 55% (Win%), with your Ave Win being $280 and your Ave Loss being $140 …

Step 1:
We have a 55% probability of winning $280 and therefore, a 45% probability of losing $140

Step 2:
Expectancy ($ per trade) = (Win% x Ave Win) – (Loss% x Ave Loss), therefore …
= (55% x $280) – (45% x $140)
= 154 – 63
Expectancy ($ per trade) = + $91

If these were your trading statistics over a large sample size then your system would certainly have a positive expectancy, and therefore a positive edge.

If the trader of the above figures placed 100 trades (applying their trading plan with consistency and discipline) they would expect, on average, to make approximately $9,100 over 100 trades.

The real results of course will not be exactly the same (perhaps a little more or a little less) however if the edge that produced the above system statistics was applied by the trader consistently and with discipline, then over a 100 trade sample, they would expect, on average, to earn around $9,100.00

If however, the trader does not apply their edge with consistency and discipline, for example by taking “ad hoc” trades, entering earlier than defined triggers, not following trade or money management rules or failure to hold to targets while the premise for the trade is still intact, then it is extremely unlikely the trader will be consistently profitable over the long run…. which after all is what we’re really aiming to achieve.

Key points to remember:

  • Ensure you have a documented AND back-tested trading plan which shows a clear positive expectancy over a large number of trades.
  • Ensure you have clearly defined money management (eg % risked per trade) and trade management rules within this plan.
  • Trade your trading plan/system with consistency and discipline.
  • Take your losses at pre-determined stop levels, and while the premise for your trade is intact, let your trades run to pre-determined target levels (Risk/Reward ratios)
  • To get a clear picture of your system expectancy you need an absolute minimum of 100-200 trades, however the more the better!
  • If your trading plan does not show clear positive expectancy then no amount of trading psychology, or anything else for that matter, will help in the long run…  remember this is an odds based industry.
  • trade ONLY when you have an identifiable, proven positive edge!

Thank you and good trading.

Stuart Young

 

RISK WARNING:
You understand and acknowledge that there is a high degree of risk involved in trading securities, currencies/foreign exchange and/or derivative products. Trading securities, currencies/foreign exchange and/or investment in derivatives can be very speculative, involves considerable risk, may result in losses and is not suitable for every investor. Global Trading Tools does not take into account the objectives, financial situation or needs of individual users. Hence, You should carefully consider whether trading in securities, currencies/foreign exchange and derivative products is appropriate for You in the light of your financial circumstances. You should be aware that dealing in products that are highly leveraged carry significantly greater risk than non-geared investments such as share trading. As such, You could both gain and lose large amounts of money. You may sustain losses in excess of the moneys You initially deposit and also in excess of the margin required to establish and maintain any positions in leveraged products.
No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any form of media (including but not limited to web sites, email, print or banner advertising, social media sites and/or Global Trading Tools affiliates) by Global Trading Tools.
The past performance of any trading system or methodology is not indicative of future results.

 
THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY.

Filed Under: Trading Psychology Tagged With: barrier to trading success, barriers to trading success, expectancy, expected value, global trading, global trading tools, mark douglas, stuart young, system, trade, traders, trading, trading in the zone, trading success, trading tools

Easy Load ASX installer for NinjaTrader

June 21, 2013 by Stuart Young Leave a Comment

Managing your Australian Securities Exchange (ASX) stock portfolio is easier than ever before.
You won’t believe how easy it is to now view ALL of your favorite ASX stocks in NinjaTrader !

NinjaTrader is a free to use, leading charting platform, packed with functionality and used by traders worldwide. The “Easy Load” ASX installer adds to this great product by automatically loading, and fully configuring well over 2000 Australian stock codes (ASX).
 

 
Our unique one-step installer combined with NinjaTrader, provides an extremely cost effective way to manage your investment decisions.
We’ve taken out all the time and effort of manually updating and mapping each ASX code to multiple data suppliers.

NinjaTrader with the “Easy Load” ASX installer will suit Investors and SMSF who want to chart their investments, Technical Analysts (there are over 100 technical indicators available), self-directed Traders and anyone that wants a great value trading platform and an extremely cost effective way to manage your investment decisions.

Just 3 simple steps …

  1. Download NinjaTrader’s free to use charting platform;
  2. Install the “Easy Load” ASX installer; and
  3. Connect seamlessly with ANY of the supported data providers
    (including: Interactive Brokers, eSignal, & barchart.com ASX data feeds)
‘Easy Load ASX’ Feature Comparison (Click to enlarge)
Easy Load ASX Installer - Feature Comparison

 

It’s that easy, plus you’ll also receive 4 instructional videos to get you started if you’re new to NinjaTrader… all for the one low price of only $39 – No more to pay!

 

For more information, please visit…

www.GlobalTradingTools.com/software/easy-load-ninjatrader/

Thank you and good trading.

Stuart Young

 

Filed Under: Global Trading Tools Product Releases, Global Trading Tools Product Updates, New Trading Products, Trading News Tagged With: asx, asx ninjatrader, easy load, global trading, global trading tools, import stock symbol list, import stock symbols ninjatrader, import symbol list ninjatrader, import ticker ninjatrader, importing asx stocks ninjatrader, importing symbol list ninjatrader, install, installer, load asx stocks ninjatrader, ninjatrader, trading tools

Simple Trading Strategy with Clean Exits by Davin Clarke

May 5, 2013 by Davin Clarke Leave a Comment

This simple yet effective trading strategy aims to capture the movement out of a contraction area into an expansion area.  Although classed as a “simple” trading strategy, Davin shows how this covers many critical aspects of trading including:

  • Risk and trade management;
  • Shows areas to exit the market into potential counter-trend moves;
  • Trade with the overall direction of the market;
  • Strategy with potential reward greater than 1:1  This is a key consideration, as many traders focus only on a strategies win rate/accuracy however it is essential to view this figure in conjunction with risk/reward; and
  • Allows us to be consistent in our application.

The chart type Davin uses in the video is the Renko or “Better Renko” bars.
Indicators used in the presentation include the:

  • GTT TMR Signals and GTT TMR Momentum indicators,
  • plus the GTT Ultimate Moving Average Cross alert indicator.

Davin Clarke has over 12 years experience trading as a full time professional. He has extensive experience in trading shares, futures, options and foreign exchange markets both in Australia and other worldwide markets. He has developed a keen insight into market structure and understanding of market dynamics.
Davin is a popular and sought after speaker throughout Australia and is featured in a number of books including The Wiley Trading Guide published by John Wiley & Sons, 20 Most Common Trading Mistakes and How You Can Avoid Them published by Wrightbooks and, Real Traders, Real Lives, Real Money published by Wrightbooks.

Davin Clarke has also co-authored his own books:
“Options Made Simple: A Beginner’s Guide to Trading Options for Success” published by John Wiley & Sons; and
“Trading Plans Made Simple: A Beginner’s Guide to Planning for Trading Success” also published by John Wiley & Sons.

If you would like any information please contact us via the contact form.

Thank you and good trading.
Davin

 

 

RISK WARNING:
You understand and acknowledge that there is a high degree of risk involved in trading securities, currencies/foreign exchange and/or derivative products. Trading securities, currencies/foreign exchange and/or investment in derivatives can be very speculative, involves considerable risk, may result in losses and is not suitable for every investor. Global Trading Tools does not take into account the objectives, financial situation or needs of individual users. Hence, You should carefully consider whether trading in securities, currencies/foreign exchange and derivative products is appropriate for You in the light of your financial circumstances. You should be aware that dealing in products that are highly leveraged carry significantly greater risk than non-geared investments such as share trading. As such, You could both gain and lose large amounts of money. You may sustain losses in excess of the moneys You initially deposit and also in excess of the margin required to establish and maintain any positions in leveraged products.
No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any form of media (including but not limited to web sites, email, print or banner advertising, social media sites and/or Global Trading Tools affiliates) by Global Trading Tools.
The past performance of any trading system or methodology is not indicative of future results.
View Full Risk Disclosure.

 
THIS VIDEO IS FOR EDUCATIONAL PURPOSES ONLY.

Filed Under: Trading Strategies Tagged With: davin clarke, davin clarke trader, global trading tools, moving average cross, renko, risk reward, trade management, trading strategy, trading tools

Traders Video Training Library Updates | 22nd Mar 2013

March 24, 2013 by Stuart Young Leave a Comment

Traders Boardroom special presentation topics over the last week…

  • “Analysis of ’12 million live FX trades’ article and key mistake traders made” by Stuart Young
  • “Davin’s Trade Setup Review & Trading Stats (1 account)” by Davin Clarke
  • “Setting up NinjaTrader for use with Australian stocks (ASX)” by Stuart Young

are now available in the Global Trading Tools Traders Video Training Library.

Thank you and good trading.

Stuart Young

Filed Under: Global Trading Tools Product Updates Tagged With: 12 million live fx trades, australian stocks, davin clarke, global trading tools, key mistake traders, key mistake traders make, ninjatrader asx, stuart young, trade setup, trading tools

Traders Video Training Library Updates | 8th Feb 2013

February 9, 2013 by Stuart Young Leave a Comment

This weeks Traders Boardroom special presentation topics…

  • Trade Review Session with Davin Clarke – 6th Feb 2013; and
  • Record Keeping and Trading Journal Spreadsheet (TJS) – Part3 (Advanced Reporting) with Stuart Young

are now available in the Global Trading Tools Traders Video Training Library.

Thank you.

Filed Under: Global Trading Tools Product Updates Tagged With: davin clarke trader, global trading tools, stuart young trader, tjs, trade review, traders, trading journal, trading journal spreadsheet, trading statistics, trading tools, training library, video training

What is Libor & the rate fixing scandal all about?

February 7, 2013 by Stuart Young Leave a Comment

On Wed 6th February, Royal Bank of Scotland (RBS) became the third bank to pay fines in the Libor scandal… but what is Libor & the rate fixing scandal all about?

Libor ( “London interbank offered rate” ) is one of the most important rates in the world of finance. Libor is the benchmark interest rate banks use worldwide to borrow from each other and therefore a key component of a bank’s cost of funds in the interbank market.
Libor is widely used as a reference rate for many financial instruments in both financial markets & commercial fields. For example, many financial institutions, mortgage lenders and credit card agencies set their own rates for mortgages, loans and credit card rates relative to the Libor rate. The range of global financial transactions Libor is used to set is worth an estimated $300 trillion.

The Libor rate fixing scandal relates to Barclays, and fifteen other global financial institutions (Source: WSJ http://blogs.wsj.com/deals/2012/07/09/who-else-is-under-investigation-for-libor-manipulation/), being under investigation for allegedly manipulating the Libor rate between 2005 and 2009.

Investigations are still ongoing and as of Wed 6th Feb, RBS will pay penalties of $612 million, Switzerland’s UBS AG agreed in December 2012 to pay penalties of $1.5 billion, and Britain’s Barclays Plc has paid $453 million. Regulators have warned there is more to come in the global investigation.

Check out this link for more information on “Libor – what is it and why does it matter?“

The above article was also published on our Facebook page. Please “Like” us at http://www.facebook.com/GlobalTradingTools if you want more.

Thank you and good trading.

Stuart Young

Filed Under: Trading News Tagged With: bank, barclays, global trading tools, libor, libor manipulation, london interbank offered rate, rate fixing scandal, rates, rbs, Royal Bank of Scotland, trading tools, ubs

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Testimonials *

Scott P., Range Research Group (United States)

Love the Moving Average Cross indicator...email and alerts are great. I'm using it and I am going to suggest it to our group. I like your work as it is clean and has needed parameters.
Global Trading Tools
2014-03-20T01:50:18+10:00
Love the Moving Average Cross indicator...email and alerts are great. I'm using it and I am going to suggest it to our group. I like your work as it is clean and has needed parameters.
https://www.globaltradingtools.com/testimonials/scott-p-moving-average-crossover-indicator-review/

Anne-Marie S, Adelaide

The GTT video library is a fantastic resource and great value for money. There are so many videos and they are really in depth so you really get a great feel for the subject matter. The video reviews of students’ trades are very useful and consolidate the learnings from the other videos. Also Stuart is extremely helpful and professional to deal with. I highly recommend the video library.
Global Trading Tools
2017-01-17T19:00:41+10:00
The GTT video library is a fantastic resource and great value for money. There are so many videos and they are really in depth so you really get a great feel for the subject matter. The video reviews of students’ trades are very useful and consolidate the learnings from the other videos. Also Stuart is extremely helpful and professional to deal with. I highly recommend the video library.
https://www.globaltradingtools.com/testimonials/anne-marie-s-trading-videos/

Jim C. (USA)

I just updated to the latest version [Ultimate Moving Average Indicator] with the "background color change" (per my request LOL) and added to one of my charts... all I can say is LOVE IT... LOVE IT.... LOVE IT. Thank you and your programmers for all the hard work
Global Trading Tools
2017-12-15T13:16:21+10:00
I just updated to the latest version [Ultimate Moving Average Indicator] with the "background color change" (per my request LOL) and added to one of my charts... all I can say is LOVE IT... LOVE IT.... LOVE IT. Thank you and your programmers for all the hard work
https://www.globaltradingtools.com/testimonials/moving-average-indicator/

Ronald J. (USA) October 2017

RE: Moving Average Crossover Indicator for NinjaTrader. Your product looks outstanding!
Global Trading Tools
2017-12-15T13:30:04+10:00
RE: Moving Average Crossover Indicator for NinjaTrader. Your product looks outstanding!
https://www.globaltradingtools.com/testimonials/ronald-j-ma-alert-indicator-2017/

John Saraga, USA

Hello Stuart I purchased this great indicator [Ultimate Moving Average Cross Alert indicator for NinjaTrader], and I just want to say thank you. This is a really good indicator.
Global Trading Tools
2016-04-16T13:05:45+10:00
Hello Stuart I purchased this great indicator [Ultimate Moving Average Cross Alert indicator for NinjaTrader], and I just want to say thank you. This is a really good indicator.
https://www.globaltradingtools.com/testimonials/j-saraga-moving-average-indicator/

Toto (NinjaTrader Forum)

I needed the listing/codes of all the US equity markets and after much review purchased his Easy Load USA. It is a great product at a fair price. His website had many testimonials of his support. I have to agree, he is on top of it... If you want to access the power of NT across all instruments... you need those instrument definitions in your instrument manager and that is exactly what Easy Load does. Well done Stuart. Click for full NinjaTrader forum post
Global Trading Tools
2014-03-20T02:48:45+10:00
I needed the listing/codes of all the US equity markets and after much review purchased his Easy Load USA. It is a great product at a fair price. His website had many testimonials of his support. I have to agree, he is on top of it... If you want to access the power of NT across all instruments... you need those instrument definitions in your instrument manager and that is exactly what Easy Load does. Well done Stuart. Click for full NinjaTrader forum post
https://www.globaltradingtools.com/testimonials/toto-ninjatrader-forum-20140319/

Matt Cave (via Twitter) @MatthewCave

For anyone that wants to use NinjaTrader to chart ASX shares, I highly recommend using the Easy Load ASX installer by Global Trading Tools.
Global Trading Tools
2014-03-02T12:12:50+10:00
For anyone that wants to use NinjaTrader to chart ASX shares, I highly recommend using the Easy Load ASX installer by Global Trading Tools.
https://www.globaltradingtools.com/testimonials/matt-cave-easy-load-asx-ninjatrader/

Ivan B., Australia

Man - that is great support ... thank you Stuart - many traders are in the position I am in ... I am certain that if you give this kind of REAL help, your business can not help but prosper. Thank you heaps
Global Trading Tools
2014-03-02T12:14:33+10:00
Man - that is great support ... thank you Stuart - many traders are in the position I am in ... I am certain that if you give this kind of REAL help, your business can not help but prosper. Thank you heaps
https://www.globaltradingtools.com/testimonials/ivan-b-great-support/

Robert H., Australia

The video library is awesome mate… so many good videos on there!
Global Trading Tools
2015-03-06T19:16:42+10:00
The video library is awesome mate… so many good videos on there!
https://www.globaltradingtools.com/testimonials/robert-h-australia/

Andrew K.

Thanks very helpful great product. Appreciate your help (RE: Easy Load ASX)
Global Trading Tools
2015-04-16T11:58:45+10:00
Thanks very helpful great product. Appreciate your help (RE: Easy Load ASX)
https://www.globaltradingtools.com/testimonials/easy-load-asx-review-andrew-k/

Gordon K., Australia

RE: Easy Load ASX... Thanks for the follow up Stuart. Compliments on your product.It was very handy and made my job so much easier :)
Global Trading Tools
2014-03-12T22:06:46+10:00
RE: Easy Load ASX... Thanks for the follow up Stuart. Compliments on your product.It was very handy and made my job so much easier :)
https://www.globaltradingtools.com/testimonials/gordon-k/

John K., Canada

Thanks for answering all my questions, and your Easy Load TSX product is awesome. Just what I needed!
Global Trading Tools
2014-09-10T12:56:28+10:00
Thanks for answering all my questions, and your Easy Load TSX product is awesome. Just what I needed!
https://www.globaltradingtools.com/testimonials/easy-load-tsx-john-k-canada/

KR

All in all its been great so far and I am learning a lot...trading for yourself is a very different ball game to trading for a major bank, and being able to learn the business from honest experienced and friendly guys is really valuable.
Global Trading Tools
2014-03-02T12:02:22+10:00
All in all its been great so far and I am learning a lot...trading for yourself is a very different ball game to trading for a major bank, and being able to learn the business from honest experienced and friendly guys is really valuable.
https://www.globaltradingtools.com/testimonials/kr-learn-honest-experienced/

Gordon W., United States

RE: Easy Load USA (NYSE/NYSE MKT/NASDAQ)... You are awesome. Thank you.
Global Trading Tools
2014-03-18T10:59:17+10:00
RE: Easy Load USA (NYSE/NYSE MKT/NASDAQ)... You are awesome. Thank you.
https://www.globaltradingtools.com/testimonials/gordon-w-united-states/

Pablo C.

… and I must say your product, Easy Load NSE is awesome. I’ve been waiting to use Ninja Trader for a long time and it is now possible. Really glad!!!
Global Trading Tools
2014-09-08T13:48:13+10:00
… and I must say your product, Easy Load NSE is awesome. I’ve been waiting to use Ninja Trader for a long time and it is now possible. Really glad!!!
https://www.globaltradingtools.com/testimonials/easy-load-nse-ninjatrader-india-pablo-c/

Mark M.

I have said in the past your subscription fees represent excellent value and the monthly fee for the Traders Boardroom plus TMR Indicator Bundle is a price I would pay just to get access to the wealth of knowledge you and Davin provide in the video library alone.
Global Trading Tools
2014-03-02T12:07:35+10:00
I have said in the past your subscription fees represent excellent value and the monthly fee for the Traders Boardroom plus TMR Indicator Bundle is a price I would pay just to get access to the wealth of knowledge you and Davin provide in the video library alone.
https://www.globaltradingtools.com/testimonials/mark-m-tmr-indicator-ninjatrader/

Sami M, Queensland

I couldn't have gotten to this point without all your help, guidance and teaching both outside and inside the boardroom. You've cut my learning curve down by years and significantly reduced the chance of me blowing up my account!! Thanks so much for everything.
Global Trading Tools
2014-03-02T12:03:30+10:00
I couldn't have gotten to this point without all your help, guidance and teaching both outside and inside the boardroom. You've cut my learning curve down by years and significantly reduced the chance of me blowing up my account!! Thanks so much for everything.
https://www.globaltradingtools.com/testimonials/sami-m-help/

Martin Hunting

I purchased GTT 'Easy Load' ASX from Stuart a couple of months ago and I had to reload the software twice as I purchased a new computer and then it crashed! Stuart's assistance each time was prompt and the software is very easy to manage. I have had no problems with the symbols that was downloaded, works very well with NinjaTrader. Moreover Stuarts videos are an excellent introduction to NinjaTrader. Great service Stuart!
Global Trading Tools
2014-03-09T15:10:48+10:00
I purchased GTT 'Easy Load' ASX from Stuart a couple of months ago and I had to reload the software twice as I purchased a new computer and then it crashed! Stuart's assistance each time was prompt and the software is very easy to manage. I have had no problems with the symbols that was downloaded, works very well with NinjaTrader. Moreover Stuarts videos are an excellent introduction to NinjaTrader. Great service Stuart!
https://www.globaltradingtools.com/testimonials/martin-hunting/

KR, New Zealand

I really value how you and Davin keep reiterating the basics....stick to the setups, trade when the structure is in your favour but the outcome is unknown, trade the edges, to keep the risk tight and hence achieve good risk to reward. this keeps me focussed on the basics which I must repeat day after day.
Global Trading Tools
2014-03-02T12:05:01+10:00
I really value how you and Davin keep reiterating the basics....stick to the setups, trade when the structure is in your favour but the outcome is unknown, trade the edges, to keep the risk tight and hence achieve good risk to reward. this keeps me focussed on the basics which I must repeat day after day.
https://www.globaltradingtools.com/testimonials/kr-nz-reiterating-basics/

Lance B, Queensland

Re: Easy Load ASX installer for NinjaTrader The process was nice and simple. My backup Ninja now has ASX stocks loading through Yahoo.
Global Trading Tools
2014-03-02T12:10:38+10:00
Re: Easy Load ASX installer for NinjaTrader The process was nice and simple. My backup Ninja now has ASX stocks loading through Yahoo.
https://www.globaltradingtools.com/testimonials/lance-b-easy-load-asx-ninjatrader/

Ant B., United Kingdom

Just want to thank you for your continued support and advice. I appreciate it.
Global Trading Tools
2014-03-02T11:58:13+10:00
Just want to thank you for your continued support and advice. I appreciate it.
https://www.globaltradingtools.com/testimonials/ant-b-continued-support/

Adam F., Victoria

the topic on congestion to expansion... that’s been GOLD.
Global Trading Tools
2014-03-02T11:59:56+10:00
the topic on congestion to expansion... that’s been GOLD.
https://www.globaltradingtools.com/testimonials/adam-f/

Don K., Queensland

I always get lots from your presentations. What you show us, saves a massive amount of time in trial and error, so is very helpful.
Global Trading Tools
2014-03-02T12:06:18+10:00
I always get lots from your presentations. What you show us, saves a massive amount of time in trial and error, so is very helpful.
https://www.globaltradingtools.com/testimonials/don-k/

Mark M. (Australia)

There is no doubt you and Davin are the real deal and very open and honest with everything, so much appreciated!!
Global Trading Tools
5
2015-04-16T11:49:10+10:00
There is no doubt you and Davin are the real deal and very open and honest with everything, so much appreciated!!
https://www.globaltradingtools.com/testimonials/mark-m-australia/

Sami M, Queensland

the info you guys are providing is invaluable!
Global Trading Tools
2014-03-02T12:01:02+10:00
the info you guys are providing is invaluable!
https://www.globaltradingtools.com/testimonials/sami-m-invaluable/
1
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