Your first goal as a trader

Even the best trading methods can't predict with absolute certainty how the market will behave. But they can give you clues, says John C Burford. So, which way now for the euro?

I have written about discipline in trading a few times. That's because I can't stress enough how important it is to stay disciplined and stick to the rules of your trading system.

You see, there are probably as many trading systems as there are traders! I am sure that not many of youwho follow my system do so without adding a few wrinkles of yourown.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.