January 3, 2021


Paul’s Monday Market Update Returns!

Hello traders,

I hope youre well, and have enjoyed the holiday season.

The Monday Market Updates will return from tomorrow Monday 4th January.  You can join them here at 1230:

FXTrader Pauls Monday Market Update


Trade well,


October 9, 2020


Paul’s Market Update returns! Monday 12th October 1230

Hello traders,

During the first lockdown I delivered a Daily Market Update to help people make sense of the madness that we were going through. It was well received, and Ive had many requests to bring it back.

However the truth is that on occasions it would add up to an additional three hours of work per session and it’s too much work every day unless it was a paid service.

Therefore, what I will bring back is a Monday Market Update every Monday at 1230 starting from the 12th October. Like last time we’ll take a quick 20-30-minute look at relevant news, interesting stock plays and a look at the FX, Indices and Commodities markets. Put it in your diary!

All are welcome, you can just join us on this link below.

Trade well, and I hope to see you on Monday.

Join Zoom Meeting https://us02web.zoom.us/j/81643474266?pwd=ODN5V0tTVEFFMzA4NkRQU0lteGgvUT09

Meeting ID: 816 4347 4266

Passcode: 786651

September 24, 2020


20200924 Sharing my set-up for an earlier entry into shorting the DOW

There’s been lots of chat about the big falls in the US Indices yesterday, and to be true there were some great moves.

However some of us were already short US Indices from an earlier opportunity. Those of you who attended the London Traders Forum a couple of years back will have seen me present on how I planned to trade through any upcoming correction – Apocalypse Now. In that presentation I outlined what type of set-up that I was looking for, which you can see on the DOW chart attached. It’s a very simple set-up that I share with you here.

  1. Having been in a clear trend the market then prints a reversal signal (in this case a Key Day Reversal)
  2. Price falls lower and is supported by the 50MA.
  3. Price then rallies but is capped by the 20MA, which has now turned from support to resistance (PO20) and then prints a rejection candle. This is your trigger to go short

Price has now also printed a 123 Pattern and also a lower high to give even more confirmation. Short at 28090, SL @ 28380, targeting 26390 (in front of support and 200MA)

Nothing special there, just a simple trade plan. The problem with this set-up is that it doesn’t happen very often (though similar set-ups happen on intra-day markets all the time.)

And for those of you who’ve forgotten the set-up or would like to see the slides then, as I’m a good guy, you’ll find the slides from that presentation here: Paul Wallace Apocalypse Now – Trading through a coming correction.

Trade well, and let me know what you think.


May 31, 2020

1 Comment

FXTrader Pauls Free Daily Market Update – and how to join it.

Hello traders,

I hope that you and your families are safe and well and making the best of this current situation.

Back in March I started delivering a Daily Market Update (DMU) to help people try and make sense of the tumultuous times that we have been living through.  Every day I deliver a free 20-25 min sprint through:

– what’s happened in the previous 24 hours

– a quick look at some stocks and sectors that maybe of interest

– a look at anything of interest for the upcoming US session.

I’d like to thank all those people who’ve joined the sessions, contributed to them, and provided feedback. 

You’ll be pleased to hear that I will continue to run them through June.  They’re free, I’m not up-selling anything, and you are all welcome to join.  They’re at the same time (1230 London weekdays) on the same link (see below)

A couple of points though:

  • I am not an equity specialist
  • I am not a long term investment specialist
  • My views are just a simple Momo trader describing what I see in front of me on the chart
  • All opinions expressed are my personal opinions and don’t reflect the views of any entities, or organisations that I’m associated with.
  • Nothing written, expressed or implied in the sessions should be looked at as investment advice or a suggestion to trade any stock or financial instrument. DYOR.

If you’re unable to join then the sessions are recorded and published to my website blog late in the day.  If you goto www.tradingbeliefs.com and sign-up for updates then you’ll be sent the update every evening.

Join Zoom Meeting


Meeting ID: 816 2336 8279

Password: 030079

I hope to see you on future sessions and if you have any feedback or suggestions for stocks to look at then I’m all ears.

Trade well,


January 13, 2020


New Year New Trader Q1 Webinar Program – Money Management – 23rd January

Hello Traders,

I hope you’ve enjoyed this rather illuminating start to 2020 and the subsequent market moves we’ve experienced already?

Everyone starts a new year with grand goals about it being their best year as a trader – however those plans often fall flat, for many internal and external reasons. A lot of the challenges come from people trying to make massive changes all at once, which are rarely sustainable. Here’s where we I’ll be helping you in 2020 with a webinar series to help you build your trading business during 2020.

The New Year, New Trader Program will be a series of 4 webinars this year that will help you make incremental change to your trading by building your skill set and business acumen as a trader over the next 12 months. It’ll be split to ensure that you can understand and cover the 4M’s of Trading this year. Each webinar will explain the best practice within that segment of trading and provide a staged checklist for you to work through for the next 2-3 months.

Webinar 1 – Thursday 23rd January – Q1 2020 – Money Management
Webinar 2 – Thursday 2nd April – Q2 2020 – Markets
Webinar 3 – Thursday 2nd July – Q3 2020 – Method
Webinar 4 – Thursday 1st Oct – Q4 2020 – Myself

The cost for the webinar series will be £30 for the year. Each session will be recorded for you and you’ll be provided the slides. It’ll become a small self-coaching program to help you make true progress in 2020 towards your trading goals. At the moment it’ll be limited to 20 traders.

So this is Part 1 Webinar of New Year New Trader Program will be on Thursday 23rd January – ( and possibly re-run on Monday 27th) and will focus on what you need to be working on in January, February and March of 2020 to ensure that you’re managing money correctly as a trader. It’s the building block upon which the rest of your trading is built. If you’re not managing risk then you’ll end up as road-kill!

I look forward to you joining us and I hope to help you make 2020 a great trading year for you!

Trade well,


New Year New Trader Program


November 29, 2019


Join the VTP in 2020 and evolve into a versatile trader

Hello traders,

I hope life and the markets are treating you all well. As we draw 2019 to a close we can look back and see that its been an eventful and interesting 2019 from the viewpoint of maret opportunities. Furthermore as we look forward into 2020 we can see more volatility and more uncertainty in geo-politics and financial markets. As always this will provide either a threat or an opportunity based upon attitude and preparedness.

For the last few years I have run the VTP trading sessions in London and I am presently setting my schedule for the VTP trading sessions for 2020. As my diary gets compressed I am looking to deliver the various stages in 2 day workshops (apart from Stage 2 which is 3 Day) with follow-up online sessions. This also makes it easier for the attendees to manage their diary. The VTP was originally set-up to help give Veterans an insight into trading financial markets using three principles that they naturally embrace:

– Process

– Discipline

– Self-Awareness

It just so happens that those very same traits are also seen in consistently successful traders. All traders can improve by embracing these traits into their trading. As the project has evolved it’s now my intention to create a wider community of 

Versatile Traders’  which I would define as:

A Versatile Trader has the ability to trade any instrument, in any direction, on any time-frame.

Personally, I think the days of someone just being solely a 5 min EURUSD trader are long gone – a good trader now needs to be able to operate where the best opportunity lies. That could be FX, Indices, Stocks, Commodities, Bonds or Crypto.

That’s not to say that a trader may not end up focussing on a particular style, asset class and timeframe as their experience increases, however they should have the ability to operate wherever the opportunity lies.

So with that in mind here are the dates for the VTP Stages 1-4 for 2019. They are delivered in a small group between 6-15. If you want to join a particular stage or to know more then drop me a line.

Stage 1: Introduction to trading and financial markets – 16 & 17th January 2020, London: LTN cost: £297

This is the ideal stand-alone introductory course to trading and financial markets. Over several sessions it provides the building blocks to be able to educate a new trader how to operate safely and effectively within financial markets. By the end of the stage the new trader will understand the 4M’s of Trading: Markets, Methods, Money & Myself

. They also develop those three key traits mentioned at the beginning: Process, Discipline & Self-Awareness.
There is no requirement to take any further stages – this is a stand-alone stage that will provide anyone with the fundamental basics of successful trading.

Stage 2: An introduction to longer-term swing and position trading of FX, Indices and Commodities Markets – 19th & 20th March 2020, plus Friday 22nd may: LTN cost £397

Leading on from Stage 1, here we focus on longer term trading of FX, Indices and Commodity markets in-line with how I trade myself and for funds. We provide deeper insight into these markets and additional tactics to help build your own successful longer-term trading business.

Stage 3: An introduction to short-term, intra-day trading of FX & Indices markets – 23rd & 24th July 2020, London: LTN Cost: £397

As the name implies we focus on how to trade FX, European and US Indices from an intra-day basis. Sessions will be based on preparing for your day of intra-day trading of these markets and how to adapt the strategies, tactics and concepts from earlier Stages for intra-day success.

Stage 4: On Managing Myself, Trading Performance and becoming a Money Manager – 19th & 20th November, London : LTN Cost: £397

This stage is split into 2 sections: Half on managing self and the other half on managing money – namely other peoples. You may or may not have dreams of becoming a money-manager however acting as if you are a fund manager is never a bad thing in your own trading business. This whole stage will be focused on what you need to do to build your own trading business that will put you in the right space to be able to seek funding (if that is your wish).

In total it will equate to about 72 hours of us working together over the course of the year. As always there is a cost involved. I am fortunate that I am allowed to use a corporate clients location so that enables me to keep costs to an acceptable level.

Stage 1 has always cost £297.The other stages normally cost £447 but for today if you wish to join one of the stages the cost is £397.

In total to attend all parts of the VTP next year would cost £1488. However for those that wish to attend all of the sessions this year then there is an early bird cost which is reduced to £1200 for the year. There will only be 12 slots free so it’ll be on a first-come, first-served basis, with veterans getting priority.

I wish you every success in your trading for 2020. As I said at the start, this upcoming year can either be a threat or an opportunity for you – it’s about your attitude and being prepared. 

‘They have filled in a huge blank in my knowledge. Hopefully now it won’t be 2 step forward, 3 back.’

‘Made me realize that I can do this’

‘The sessions changed my whole understanding, thinking and attitude to trading and my approach to trade, too’

‘An essential course for anyone considering getting into trading. Will definitely save you money and stress in the long run’

‘I’ve recommended already – that’s the best course ever I’ve been involved. The only one course touched somehow my personality ‘

‘Learn the missing ingredients that most retail traders don’t even know exist. Push your trading and yourself to the next level.’

‘I would not have attempted trading again without this course. Covering the basics of trading together with money management (how much to place on each trade and what profit targets to aim for)gave me enough confidence to give it another try.’

If you want to know more you can reply to this message or email me at paulwallace@tradingbeliefs.com for more information.

Trade well,



May 12, 2019


Recordings of the Q2 Online Traders Forum – Trading Strategies – now available!

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The Q2 Online Traders Forum – Trading Strategies

This is a ticket for the recordings of the Online Traders Forum Q2 Session which includes access to the recordings and slides from the three presentations on Trading Strategies.


A couple of weeks back we had a highly enjoyable and educational session for the Q2 Online Traders Forum. The theme was “Trading Strategies”.  The recordings and slides of those sessions are now available. We had three sessions:

Kevin Barry talked through exactly how he trades the 5 Minute chart on Indices and FX with some superb examples of a typical trading day for him.

Martin Walker described a simple trading system that Traders can take and use across multiple asset classes

Paul Wallace talked about Mechanical, Subjective and Discretionary Trading  and provided three set-ups for each style of trading.

If you wish to avail yourself of the slides and recordings then you can do so on the button above.

Trade well!


March 1, 2021


20210301 FXTP Monday Market Update – watch out for greed!

Hello traders,

On todays Market Update we discussed: $GME, $ETHUSD, $BTCUSD, $IAG, $JETS and $BA as well as looking at $DOW, $USD, $AUD, $GBP.

Have a great trading week and I’ll see you next Monday at 1230 for another Market Update.

Trade well,


February 22, 2021


20210222 FXTP Monday Market Update

Hi traders,

On todays session we focused on: FX STAM, Caterpillar ($CAT) First Solar ($FSLR) Bitcoin ($BTCUSD) and Gold ($XAUUSD)

Have a great trading week and I look forward to seeing you next Monday at 1230.

Link to join the sessions is here: Monday Market Update


February 15, 2021


20210215 FXTP Monday Market Update

Hello traders,

Thanks to those of you who joined us today. We covered: FX STAM, Pagseguro Digital ($PAGS), Ethereum ($ETHUD), Online Retailers ETF ($IBUY) and Shopify ($SHOP)

Have a great trading week, and see you next Monday at 1230.


Trade well,


February 8, 2021


20210208 FXTP Monday Market Update: A week is a long time in politics…and trading.

Hi traders,

Thanks to those of you who joined us today.

As they say in the UK ” a week is a long time in politics.” It would appear that is the same for trading as well.

Today we looked at: $GME, $SLV and the $VIX. Along with the US Indices, $DAX, $WTI, $USD Majors, $USDTRY, $JPY and finally $GBP.

Have a great trading week and I’ll see you next Monday.

Trade well,


February 1, 2021


20210201 FXTP Monday Market Update: Explaining the $GME shenanigans…

Hi traders,

Thanks to those of you who joined us for the Monday Market Update. I was asked by several sources to explain the events of last week regarding $GME, RobinHood, Melvin Capital, reddit, and WallStreetbets.

Well I gave it a shot, I caveat it that its not my area of expertise in any sense of the word. I don’t consider myself an equities specialist, and for good-reason because for years Ive been telling people its a murky, opaque battlefield that operates on news flow, and that retail traders are at the bottom of the information food-chain.

Any mistakes or omissions are my fault and I apologise – (for example I forgot to talk about the Gamma Squeeze that occurred as part of the overall short squeeze) it was merely trying to explain the events in broad terms for a generic audience, there is plenty of detailed news flow out there.

The main take-away is that if you’ve done well out of these moves then well-done you! Never forget to manage risk, and maybe take a bit off the table. Yes, there will be more shenanigans this week, just be careful, manage risk, and watch out that you don’t get overwhelmed by greed.

Trade well,


January 25, 2021


20210125 FXTP Monday Market Update No.15. Biden’s in the White House – what happens next?

Hey traders,

Thanks to those of you who joined us for the Monday Market Update today. Great to see you all there.

Today was a little different as I shared my views for what we may see during a Biden presidency. I totally accept that these are my views and you may agree or vehemently disagree, and that’s ok with me! I’m not precious about my views – if you have better insight then I’ll happily listen to it.

Have a great trading week and I’ll see you next Monday at 1230.

Trade well


January 18, 2021


20210118 FXTP Monday Market Update

Hello traders,

On todays Monday Market Update we took a look at Iron Ore Futures ($TI01!) , Copper Futures ($HG1!) and the ASX200 (^AXJO)

Have a great trading week and I look forward to seeing you next Monday

Trade well,


January 11, 2021


20210111 FXTP Monday Market Update

Hello traders,

We had a few technical difficulties on the session today, for which I apologise – Ive not experienced such challenges with Zoom before. But we restarted and got it done.

On todays session we focussed on some Big US Tech Stocks: Twitter ($TWTR) Facebook ($FB) Amazon ($AMZN) and Microsoft ($MSFT)

Have a great trading week and I will see you next Monday.

Trade well,


January 4, 2021


20210104 FXTP Monday Market Update No.12

Hi traders,

Happy New Year and welcome back to trading in 2021!

In todays session we looked at $BTCUSD, $ETHUSD and $IBUY

Have a great trading week and I’ll see you next Monday at 1230

Trade well