Sam Eder

Sam Eder

Sam is the Cofounder and CEO of MarketMates. He has traded since 2008 and is the Author of the Amazon best-seller The Consistent Trader. Over 42,000 traders have taken his Advanced Forex Course for Smart Traders. Join the blog to get his latest articles.

Latest articles by Sam

  • Top 20 Lessons Learned from Day Trading USD/JPY

    May 27, 2024

    For the past three years of my 16-year forex trading career, I have been day trading USD/JPY.I didn’t trade all the time. I counted 22 months of trading during this period for a 3% return per month, with 75% winning months.During this time I learnt a lot of valuable lessons,...

  • Lesson #17 The 12 Daily Tasks of Master Traders

    June 14, 2024

    Becoming a top trader is a journey. There are years of struggle and hard work ahead for most aspiring traders.But the good news is, it’s a battle you can win, and when you do, the carrot is a big one.In this lesson, I’m going to outline a daily trading routine...

  • Lesson #16 Trading in the Zone

    June 14, 2024

    Traders function far better when they are ‘in the zone.’This is a mental state of intense concentration and clarity, of existing in the present moment.This ‘mental zone’ allows traders to function with confidence, but without arrogance.It is the zone in which many of the world’s greatest traders do their best...

  • Lesson #15 Changing Your Trading Psychology

    June 14, 2024

    Thinking like a professional trader will improve your forex trading exponentially. However, it does require a willingness to commit to understanding how you currently think, and then changing those elements of your psychology that don’t work in your favour.   In this lesson, we delve deeply into the trading mind, so we can...

  • Lesson #14 The Master Trader Mindset

    June 14, 2024

    In 2008 I studied the world’s most successful traders for my Master’s thesis.During this study, I found several common ‘mindsets’ when it comes to trading psychology.In this lesson I narrow them down to five I have found most valuable in my trading.By adopting these five mindsets, it will change the...

  • Lesson #13 Running Your Trading Like a Business

    June 14, 2024

    One thing I learned from my study of great traders is they treat trading like a business.They put in place systems and principles to ensure their trading runs smoothly.So far in this course, we have been focusing on trading systems.Your business plan is one level up from your trading plan.You...

  • Lesson #9 Adapting Your Exit Strategy to Changing Market Conditions

    June 14, 2024

    After you get into your trade, different things happen. Very rarely does your trade go in a straight line to your profit objective.If you only have one tool in your toolbox, you will struggle to react effectively to what is happening in front of you.If you only have a hammer,...

  • Lesson #7 Simple Entries for Decisive Trading

    June 14, 2024

    Hedge fund Market Wizard Colm O’Shea said:“Implementation is more important than the trade idea behind it.”Your trade entry (along with your stop-loss and exit rules) is how you implement a trade to capture the opportunity you identified in the last lesson.Let’s dive in. Entries vs setupsIn the previous lesson, I discussed...

  • Lesson #8 Setting Stop-Loss Orders to Minimise Risk

    June 14, 2024

    Every trader needs a well-planned exit strategy to determine when to get out of a losing trade.In this lesson, I’ll show you how to set your stop-loss orders using a variety of techniques.These techniques are designed to keep your losses small, minimise risk and maximise reward.We’ll also look at when...

  • Lesson #6 Finding Low Risk/High Reward Trading Opportunities

    June 13, 2024

    How to test your rules.You should come away fromthis lesson with some ideas that you would like to test.You then want to define these as rules.Such as ‘during daily bear/bull market types, wait for a pull-back to the mid Bollinger Band and a reversal candlestick pattern.’Next, test these ideas by...

  • Lesson #5 Achieving Your Goals Through Position Sizing

    June 14, 2024

    Position sizing answers the question:‘How much do I trade.’Combined with your entry and exit rules, this is the determining factor in achieving your goals. In this lesson, I'll tell you exactly how to determine your position size for your rules-based trading system.What is position sizing?Position sizing is the ‘how much’ part...

  • Lesson #4 Setting Winning Forex Trading Objectives

    June 14, 2024

    When asked his number one tip for traders, a hedge fund manager once told me:“You need to start with your objectives”.This is very true. Every rules-based trading system has clear and well-defined objectives.Objectives are so important that Market Wizard Dr Van Tharp suggested up to 50% of system development time...

  • Lesson #3 The Key to Forex System Development – Market Types

    June 13, 2024

    It’s very difficult to have a winning trading strategy that works well in all market conditions.Your strategy might work well in trending markets, and perform poorly in sideways markets.Ideally, you would avoid trading that strategy in sideways markets.The simple solution is to identify the market type first, and then apply...

  • Rules-Based Forex Trading Strategy Example

    June 14, 2024

    Are you wondering why I'm comfortable sharing my trading rules with you?Don't other traders keep their rules a carefully-guarded secret?Well firstly, my rules change and adapt over time along with the market. So this is just what my current ‘set’ looks like. They will eventually stop working as market conditions...

  • Becoming a ‘Rules-Based’ Trader

    June 14, 2024

    Hi, I’m Sam Eder. I’ve been trading since 2008. In this course, I’m going to share everything I’ve learnt to help you become a confident, consistent, and winning trader. I initially learnt to trade by studying a series of books by Jack Schwager called ‘Market Wizards: Interviews with Top Traders.’...

General Advice Warning: From time to time, you may receive general non-binding advice from us. This information is intended to be general and is not personal financial product advice. It does not take into account your objectives, financial situation, or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation, and needs. MarketMates is not liable for or held responsible for any loss, financial or otherwise in relation to information received from MarketMates.

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© 2024 – MarketMates.
All rights reserved | Privacy Policy | Risk Disclosure

General Advice Warning: From time to time, you may receive general non-binding advice from us. This information is intended to be general and is not personal financial product advice. It does not take into account your objectives, financial situation, or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation, and needs. MarketMates is not liable for or held responsible for any loss, financial or otherwise in relation to information received from MarketMates.

© 2024 – MarketMates.
All rights reserved | Privacy Policy | Risk Disclosure

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