March 24, 2020

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20200324 FXTP Daily Market Update – Some positive moves?

Another crazy day in the markets – some fascinating moves over the last 24 hours.

Once again – I’ll be running the Market Update tomorrow at 1230. All are welcome:

Join Zoom Meeting

https://zoom.us/j/867724005?pwd=K1dBZ21jUGxSMkNuUSs1eXRQN2dudz09

Meeting ID: 867 724 005

Password: 105321

March 23, 2020

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20200323 FXTP Daily Market Update – Will the Feds announcement work?

In a word, no. It did not.

When I did todays announcement I talked about how I though Fridays close and Sundays opening may have been enough to put the fear of god into the Central Bankers, Lawmakers and Politicans. And it appears it had been when just before I started we saw a Fed announcement followed by a rise in US Indices……

….however it only took less than two hours for markets to return to where they were before the announcement. So the Dow, for example, moved up approx. 1400 points, only to reverse and drop 1400-1500 points!! Wild moves indeed!

Anyway hope you enjoy the video and you’re welcome to join me tomorrow if it helps.

Trade well,

Paul

March 22, 2020

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20200320 FXTP Daily Market Update No.3 How would the week end?

Here is the recording from Fridays Daily Market Update – teh week did not finished as I’d hoped, which means we’ll have an interesting week ahead!

For those of you wh dont know I a trying to help people by delivering a 1230 Daily Update on what is happening across the major markets during this time of volatility and uncertanity. All are welcome and you can join here:

Join Zoom Meeting

https://zoom.us/j/867724005?pwd=K1dBZ21jUGxSMkNuUSs1eXRQN2dudz09

Meeting ID: 867 724 005

Password: 105321

March 19, 2020

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20200319 FXTraderPaul Market Update – where do we start?

Hello Traders,

As promised I said I would do a 20-30 min daily update that people can join during these turbulent times. The first one today was a bit rambling (that’s my opinion) but they will improve as we do them.

As always if you want to join us and ask questions then you’re welcome to do so. 1230 every day from now on:

Join Zoom Meeting

https://zoom.us/j/867724005?pwd=K1dBZ21jUGxSMkNuUSs1eXRQN2dudz09

Meeting ID: 867 724 005

Password: 105321

March 18, 2020

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What a day for the dollar! FXTP Daily Market Update

Hello traders,

Well that was quite some day on the USD! You can watch the attached video for insight.


Also I have been inundated over the last couple of weeks for insight on whats happening. So in order to help people from tomorrow I’ll be delivering a quick daily 20 min market update. It’ll be at 1230 and you’re welcome to join. Just register below:


You are invited to a Zoom meeting.When: Mar 19, 2020 12:30 PM LondonRegister in advance for this meeting:https://zoom.us/meeting/register/tZIqcOusrjsvlPToMdQC4t6AQkmVaEo4XQ

After registering, you will receive a confirmation email containing information about joining the meeting

January 13, 2020

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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,

Paul

New Year New Trader Program

£30.00

November 29, 2019

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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,

Paul

@FXTraderPaul

October 18, 2019

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21 & 22nd November: On Managing Trader Performance, Risk and becoming a Money-Manager

pogo-met-the-enemy.0
Newbie traders may see the cartoon above and be wondering what on earth that has to do with trading? Experienced traders nod their head sagely and know instinctively how wise the cartoon is.

The longer you trade the more you realise that it is not the market which is your enemy, it is you. The market is just a mirror that reflects your own strengths, weakness, biases and darker elements of your character!

New traders like to think that they trade in a silo, that all they need is a fool-proof trading strategy that will make money for themselves. However with time and experience you realise that it becomes about understanding yourself better and subsequently managing yourself better than before.

That’s why every year I run a two-day workshop based on helping traders raise their self-awareness about managing themselves as traders. The idea is to start to show them their blind spots so they can start to mitigate the risks to themselves.

It’s also about helping you spot the signs of a possible performance slump, and more importantly what you can do to recover when you’re in one (and trust me, everyone has performance slumps as a trader – if they tell you that they don’t then they’re lying!)

On Managing Self and becoming a Money Manager is aimed at helping you evolve in your trading towards professional status, whilst building your own trading business.

It will consist of:
– 2 x full days on 21nd & 22rd November in Central London
– 1 x follow-up online session
For a total of 18 hours working together

It’ll will be split into 3 sections namely: managing risk, managing self and the final part on managing money – namely other people’s. 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. It holds you to a higher standard in your own behaviour.

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 long-term aim).

So as always there’s a cost implication: the cost for this stage will be £397. However for viewers of this blog or members of the London or Dublin Traders Network I will be offering a reduced price of £347 for the 2 days.

There are 4 slots left and as always it’s on a first-come, first-served basis. If you’re interested or want to know more then drop me a line.
Trade well,

August 27, 2019

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5th October 2019 – The London Traders’ Forum

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Fellow Traders,
This year has been a roller-coaster ride and as we head into the final few months we believe that it will only be more volatile for the remainder of 2019. It’s therefore a good time for us to get together for our main event of the year! So put the following date in your diary for the Autumn 2019 London Traders Forum, which will take place on Saturday, 5th October 2019.

Here is what to you will get on the day:

• A whole One Day Live (Face To Face) Trading Seminar with 3 experienced and seasoned Financial Traders (both Prop and Retail), two of whom coach and mentor client traders.
So that you can learn and benefit from their wealth of trading and life experiences which means helping you to develop and grow as either a professional or retail trader.

• 6 Challenging and content packed, thought provoking presentations covering:

o 2019 Market Analysis by Kevin Barry
o An Holistic Approach to Improving Your Edge by Martin Walker – which will help you manage and improve your trading performance
o An Introduction to Trading with Options by Kevin Barry – a superb introduction to how you can utilise Options in your trading arsenal
o Sharpening the Tip Of The Spear by Paul Wallace – helping you to know when to push hard on your trades
o How to find swing trades and get the best entries by Martin Walker is all about enabling you to find sweet entries to your swing trade setups.
o A Simple Mechanical Daily Trading System by Paul Wallace – which will help provide some of you a mechanical end of day trading method.

So that you can be more informed, take away positive and practical ways to improve your trading, and which also means you get 6 sessions and 3 real traders for the price of 1.

• Included in the above sessions is Kevin Barry’s Market Overview so that we are aware of what we might expect in the months to come in the financial markets, including anything of particular note that he thinks we should know and be aware of on the day. This session alone is always worth the ticket fee. Attending this means that you will be well prepared for what might lay ahead of us in the financial markets from a strategic perspective, plus you can then potentially use that knowledge as a framework around which to spot and plan and take advantage of potential trading opportunities.

Venue: The event will be held in Central London (You will be notified where, nearer the time by email) with light refreshments and drinks plus Lunch included so that we can all meet in comfortable surroundings, you won’t have to worry where your next drink or food is coming from, which means you can give the speakers and their session content your fullest attention. Plus you will then be able to network and chat over lunch with everyone in a friendly and supportive environment.

Post seminar Networking opportunity – after the formal seminar – we will then move to the nearest bar and guess what? Paul Wallace is buying the first round! So that you effectively get a small discount on your ticket purchase, Paul gets to put his money where his mouth is and you can then network and chat to the other attendees again in a friendly and supportive environment.

The London Traders Forum will be an event that will cater for an engaged trader and investor who is eager to learn more and meet like-minded souls. You have asked us for it and here it is. We are aiming to foster a Mastermind-type environment, which will encourage a free exchange of ideas in a stimulating environment with plenty of opportunity for networking.

Our mission is to bring you a memorable day in comfortable surroundings at a reasonable cost. Therefore, we will be holding the price for the day down to just £157.
Alternatively you can purchase one of the 10 early bird-tickets for the knock-down price of £117.

Admission is by ticket only and there will only be so many places available. After the success of the first event tickets will sell fast so, to avoid disappointment, I strongly recommend that you reserve your place NOW by purchasing your ticket.

We are looking forward to seeing you on 5th October for a memorable day that is guaranteed to change the way that you see the market.

Visit our Eventbrite Page in order to purchase one of the early-bird tickets: London Traders Forum 5th October.

June 25, 2019

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VTP Stage 3 & 4: Intra-Day Trading and on becoming a Money Manager

VTP Logo

Fellow Traders,
I will be starting Stage 3 & 4 of the VTP from next month. It’s based on utilising the acknowledged strengths of traders and veterans namely: Process, Discipline and Self-Awareness. I am offering it out to other traders to take one of the last couple of spaces.
Stage 3 and 4 will run in the second half of 2019 and begin in July. As usual I’ll be limiting it to a small group people per group to keep it manageable. There are already several VTP members on the course so I am offering it out to other traders to take one of the last couple of spaces.

Stage 3 will be focussed on intra-day trading, in particular of FX & Indices.
It will consist of:

– 2 Training Days on Thursday 18th and Friday 19th July 2019
– 1 Further Trading Day in September

For a total of 24 hours working together

There will be one session on preparation for trading intra-day and what you need to do to be successful and then there will be a session each specifically on trading intra-day FX and one specifically on trading Indices.
The idea will be that it will build on several of the concepts used in Stage 1 & 2 and provide strategies and tactics for intra-day success. As always there will be a major focus on risk, money and trade management. These are crucial for intra-day trading.

Stage 4 will be on Managing Self and becoming a Money Manager.
It will consist of
– 2 x full days on 21st & 22nd November 2019
– 1 x online session

For a total of 18 hours working together

It’ll will be split into 2 sections namely: 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. It holds you to a higher standard in your own behaviour. 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).

So as always there’s a cost: the cost for Stage 3 (intra-day) will be £447 and for Stage 4(Managing performance) will be £347. In total that would be £794.

However for members of the London Traders Network I will be offering a super reduced price of £647 for the both.

As always it’s on a first-come, first-served basis. If you’re interested or want to know more then drop me a line.
Trade well,
Paul
@FXTraderPaul