Macrotactics is a blog devoted to recording a part time trader's journey into the world of trading currencies. In my day job I work as a manager in an Information Technology company. I live in sunny Queensland, Australia with my wife, a cat and a baby on the way. I have been banging my head on this trading thing for at least 3 years now and the deeper I dig into the topic of trading, the more I realise there is to learn. Trading for me has become... More

Rogue Traders

In the past week there has been a lot of hullabaloo about a French trader, Jerome Kerviel, who nearly bankrupted France’s second largest bank, Societe Generale, when he lost almost 5 billion Euros trading a range of markets. His final […]

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How to get a free new computer every 2 years

I have been a Windows user every since I tried to get Windows version 2 up and going on my XT many moons ago. My last PC is

Fed Watching

The whole financial world is obsessed with watching the Fed, and rightly so, if you can understand where the Fed is likely to go next or at least

Grey Area Trading

Many trades will be in a grey areas, where there is lots of confirming evidence but just enough contrary evidence that your trade will be in the grey

Contrary Trading

At the core of trading, we are all trading our own beliefs. If you are a purely technical trader, you are trading the belief that technical analysis will

Disaster Planning

Disaster planning is a morbid topic that few of us like to think about, but in all reality you can be the world’s best trader and loose it

Money Management

Money management is an incredibly important topic. I would argue that it is more important than entry methods or trading psychology. Money management is what protects traders from

Trade Management: The Art of Placing Stops and Taking Profits

Trade management is somewhat of an art form. Skillful trade management is the hallmark of a great trader. However, even if you spent half your life trying to

Trading Secrets

If many of the posts on this blog read like something you have seen before in countless trading books and forum postings, it is because there is very

Before you quit your job …

Many beginners and part time traders dream of walking into their bosses office and saying “screw this job - I quit - I am off to trade for