Gabriel Grammatidis

Until about 15 years ago, futures markets were dominated by trading in the ‘pit’ — the physical trading floor. Pit traders yelled out their buy/sell orders to find a fellow floor trader to assume the counterpart. Known as ‘Open Outcry,’ this was a very authentic (and fun) process though it represented a very slow, manual and error-prone order matching mechanism. Improvements in computer technology and competition from various futures exchanges has changed futures trading quite a bit. The futures marketplace has become electronic and the bulk of trading activity has […]

Every trader goes through certain stages of development. Part of the first stage is to find a good trading system that fits the trader who also commits to fully following its rules. Learning and internalizing the rules of the system, the trader will need to build extensive experience trading the system. In this phase, the trader will become able to discriminate between the components of a good setup and be able to spot a high quality pattern (this typically takes about 1-3 months). The trader then enters into the second

A few years back I started teaching a 3-day Forex Systems Workshop based on three systems I actively trade. The systems use a simple and precise set of pattern-based rules so even novice traders can adopt the systems fairly quickly. If you trade systems based on visual pattern recognition, you need to learn to identify these patterns. With some experience, traders are able to discern a very good pattern from a below average quality pattern. The human brain is wired towards successful pattern recognition and the subconscious mind (right brain)