We have been living in Malta since 2019, before that we spent 5 years in London (UK). I'm actually from Germany. Germany was only relatively attractive for traders in terms of tax before 2021 because the reduced tax rate on capital gains (around ...

Nevertheless, this outrageous law still needs to be changed and I wouldn't be so sure that the result will be as favourable as it used to be in Germany. In fact, Germany was not such a bad place for traders because it was one of the very few ...

If companies do not publish their prices directly but only disclose them upon request, this is usually due to their customer acquisition strategy. They want to gain contact with the interested party and this is their way to accomplish that. But it ...

Sorry, I have no real experience at that time. It can't be ruled out that I had a trade open there at some point, but that would be a very rare exception. The volatile and cheap trading times are too convenient for me. When I visit the Americas, I ...

While it is indeed interesting, it is ultimately just a hobby and potentially also not without danger. Ultimately, we make our money by trading what we see. I suppose it's a human trait to want to understand why something is happening, but that can ...

A good summary. What I have always found interesting is that you can play the same trades differently while still adhering to the same set of principles. Some go in very early and ride individual bets much further than I do, but also sometimes cut ...

This is a nice example you have picked out. A bit extreme and generally more typical for far-advanced market cycles, but I don't have GBP/JPY on my screen. Note that this is not an exact science. Often it is amazingly accurate, sometimes rather ...

Example number 4 image It is the inconspicuous things that are sometimes so valuable. What I would like to explain here: sentiment reading repetition tendency of the market early vs. late entry (again) why I use stop orders and don't manually ...

Let's explain a few examples. Example 1) image We see a downward channel in which I traded the second and third leg before coming to the fourth bet, which I will explain here. In the circled area (1) I lost a bet (which was bet number 3) and got ...

As a likely minimum target, I consider a possible reversal point, which I do not necessarily see as the actual target of the bet, but which is at least an intermediate target with a higher probability. I call it likely because the price has a higher ...

That is not all that easy to explain. We have all heard the saying: Those who can't do it, teach it. There is a kernel of truth in this, in that, conversely, people who can do something are not always able to formulate exactly what they are doing. ...

So, I had to write everything twice because I had some computer problems. So here I am again with a longer delay but at least before my annual break for rock and metal festivals. Basically, it's about the observation that in range-based trading ...

Set-and-forget seems to me to make sense especially for bets with a longer but not too long time horizon. If you trade very short term as we do here, you are sitting on it anyway. So why sit back and watch the development like someone operating a ...

Almost all my trades run into the stoploss, but only in emergencies where I am unable to act, it is -10 pip. That's why it's an emergency stoploss. The stoploss stays at -10 pip for maybe one or two minutes. After that, it moves to a closer position ...

That's an interesting suggestion. I had a related discussion with a friend the other day about how distracting small details in the UI of a software can be. You don't have to close the losing trade manually. If you drag and drop your stoploss, e.g. ...

I kinda like this losing bet (on GBP/USD today). Well, granted, I do not *really* like it, but it is a good example that meets my criteria for a losing position that is worth explaining and shows my thinking and decision-making process. image The ...

I'll make you a screenshot with an explanation at the next good opportunity. But I would like to take the opportunity in advance to explain the mechanics, because that way I can explain the basics without constantly pointing out the specifics of ...

In principle, I don't have a problem with waiting and I am familiar with the situation that the price doesn't really get going and stagnates. However, 30 to 60 minutes is definitely a long period of time and a few things come to mind: Does it make ...

I generally do not use take profits. The whole idea of tying the end of a trade to certain price ranges is almost always foreign to me. I just tighten my stop loss. First from the fixed -10 pip, then into a range that avoids having to go out with a ...

Interesting. Can you elaborate on that? Do you tend to exit too early or too late? Getting out too early is a typical symptom of feeling uncomfortable with money on the line while being too late is often easier fixable by baking a more ...