Today I would like to bring together my three different trading strategies - tramline trading, Elliott waves and Fibonacci - to show how to make money by spread betting the financial markets
I use a combination of all these methods to give me the clues I need to reveal the order and structure in the markets. These methods are time-tested and have proved their worth many times.
If you have not seen my previous videos, or would like to refresh your memory, click the links at the bottom of this article to watch them.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In this video, I will explain the two main factors to bear in mind:
How a high probability entry and good money management rules will give you an edge;
How acting promptly and decisively when the signals tell you to do so is the key to successful trading.
Markets are inherently uncertain, but using the methods outlined, you can have a very good idea of where they are going next. Waiting to see what happens is often a formula for disaster - you get in far too late, the risk shoots up and you lose money.
Your job as a trader is to be able to forecast what other traders are about to do, and make your move before they do it. In this and my other videos, I aim to show you how to do that.
If you're a new reader, or need a reminder about some of the methods I refer to in my trades, then do have a look at the rest of my introductory videos:
The essentials of tramline trading
An introduction to Elliott wave theory
Advanced trading with Elliott waves
Don't miss my next trading insight. To receive all my spread betting blog posts by email, as soon as I've written them, just sign up here .
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
-
A junior ISA could turn your child’s pocket money into thousands of poundsPersuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
