# Samurai Trading

> Trade like a Samurai


## Posts

- [Why Trade? - the Question You need to Ask before you Start](https://samuraitrading.net/why-trade-the-question-you-need-to-ask-before-you-start/): This post is the first in a series of posts I am writing to guide you in getting started trading. It is the start of my Free Investing and Trading For Beginners Course. You could skip this post and go straight to the next post if you feel that the answer to the question “Why Trade” is not of value to your trading. But for me answering this question changed me from being a break-even trader to a trader with an edge in the markets. Trading consistently profitably is hard and it takes a lot of practice. Therefore let’s talk […]
- [Where to trade? - Finding a Broker](https://samuraitrading.net/where-to-trade-finding-a-broker/): In this article, I will discuss Forex and CFD brokers. I will discuss how they operate and how to find one for successful trading. Many of the ideas that I share about these brokers will also apply to brokers of other securities like Bonds, Stocks, ETFs, and Options.
- [Tools of the trade](https://samuraitrading.net/tools-of-the-trade/): In this article, I will tell you about the possible tools you have at your disposal for trading. Whether you are building a fence or building a trading strategy, you need tools to get the work done. In the previous articles, we already looked at the question of why, how, what, and where to trade. Now it is time to get some tools and set up an infrastructure for trading. We need three types of tools.
- [Find trading ideas and educate yourself](https://samuraitrading.net/find-trading-ideas-and-educate-yourself/): This is article six of the Getting Started Trading series. I have hopefully introduced you enough in the subject of trading and investing, that you can start to make some choices on how you would like to go about trading based on what fits you, your personality, and your lifestyle. I could jump in right now and start explaining how I trade, but instead, I will first give you some pointers as to where I got my trading ideas and how I educate myself. I hope it will inspire you to find your way and hopefully, my future articles/lessons will […]
- [How I trade: trading concepts to profit from the markets](https://samuraitrading.net/how-i-trade-trading-concepts-to-profit-from-the-markets/): By asking what people want to learn from me, it became clear to me that I should continue the Getting Started Trading series by showing how I trade myself and how I produced my trading results. I am talking about trading here, not investing.
- [Trading with Support and Resistance](https://samuraitrading.net/trading-with-support-and-resistance/): Support and resistance trading is one of the basic building blocks of trading. Not only is it a basic building block of my trading, but also of most trading done by professional traders. So even if your trading system does not incorporate support and resistance it is still good to understand it and take notice of the most important price levels. Just because many traders are watching these levels, prices usually will react when they get there. Support and resistance are all about “Bulls and Bears”, aka “Buyers and Sellers” and how price itself affects their behaviors/decisions.
- [Trading with Japanese Candlestick Charts](https://samuraitrading.net/trading-with-japanese-candlestick-charts/): Japanese candlestick charts are arguably the most commonly used charts. It has not always been that way. Candlestick charting techniques were only introduced to Western traders in the late 70s by Steve Nison.
- [What is R in Trading?](https://samuraitrading.net/what-is-r-in-trading/): And Why is R So Important to Understand? R in Trading is an objective way to think about success or failure in a trade. R expresses the (possible) return on a trade as a multiple of the risk taken on by that trade. In my trading log, I register the amount of R I make. Also in my trading videos and ideas, I always talk about targets, for example, as 2R or 3R. You may have wondered why I am doing that. Why don’t I just talk about pips, points, or dollars risked, won or lost on a trade? To […]
- [Forex Trading Strategies: How to Increase Your Average Profit Per Trade 10-Fold](https://samuraitrading.net/forex-trading-strategies-how-to-increase-your-average-profit-per-trade-10-fold/): Welcome to the captivating world of Forex trading, where fortunes are made and lost amidst the ever-fluctuating tides of global currencies. For those seeking not just success but substantial gains in this dynamic market, the key lies not only in deciphering market trends but in mastering a strategic approach that maximizes profitability.
- [How to Trade? - an overview of ways to trade](https://samuraitrading.net/how-to-trade-an-overview-of-ways-to-trade/): In this post, I will give an overview of commonly used trading approaches. This is the second article in a series of articles I am writing to help anyone get started trading. If you haven’t read my first article in this series yet, then read that one first at:
- [What to trade? - the most commonly traded securities](https://samuraitrading.net/what-to-trade-the-most-commonly-traded-securities/): In this article, I will discuss the possible securities you may consider for trading. After reading my previous posts you should have figured out why you want to get into trading in the first place and you have learned about ways to trade. Now it is time to look into what to trade. All tradeable paper assets have their characteristics and come with their pros and cons.
- [Where to Put Your Stop Loss](https://samuraitrading.net/where-to-put-your-stop-loss/): So I talked about “What is R in Trading” and why it is so important to understand. I hope I made clear that R lets you focus on and manage Risks by always setting a stop-loss order to take you out of a position automatically if things turn against you. Now, after writing that I was thinking: Where would I place my stop loss? How do I do it? And can I explain how I usually place my stop-loss orders? Interested in knowing how I do it? I will give it a shot and do my best to explain it […]
- [Where to Place Your Take Profit](https://samuraitrading.net/where-to-place-your-take-profit/): Ok, you see a nice trade opportunity. And you know where to place your stop loss. Now, how about the take profit order? Where do you place it? In this post, I will show you my approach to setting my initial take profit levels.
- [Should You Only Trade With The Trend as a Beginner](https://samuraitrading.net/should-you-only-trade-with-the-trend-as-a-beginner/): When you start trading for the first time, it is very tempting to take every trade that comes your way. It is much better, however, when you are just learning how to trade to only ever trade with the trend.
- [Build more wealth with gold](https://samuraitrading.net/build-more-wealth-with-gold/): The United States Mint is cutting back on the coin production I believe everyone can maintain and build more wealth by holding gold. In this article, I will try to build my case for this belief. I will cite some bullish news facts for gold. Then I will move on to look at inflation and explain to you why I think inflation is theft and show you that it is robbing you of your wealth. I will conclude with some paragraphs on the Turkish Lira and my personal experience in Turkey that has shaped my way of thinking about money, […]

## Pages

- [Trade OPM](https://samuraitrading.net/samurai-trading-notes/trade-opm/): OPM stands for ‘Other People's Money’. There are many different ways to trade OPM. I consider the following ways:   On of the prop firms I consider trading with is The 5ers.
- [Trade to Earn](https://samuraitrading.net/samurai-trading-notes/trade-to-earn/): The idea of trading to earn is to earn a monthly income with a relatively small account. To make this work I will take more risk and use higher leverage. I will use an offshore, non-regulated broker as these are the only brokers that offer high leverage to retail traders. Regulated brokers normally offer 30:1 or 33:1 max leverage on major pairs. off-shore brokers will provide leverage up to 1000:1. The plan The plan is to trade my strategy as normal but use a different money management. The money management will be as follows: I have modeled this plan as […]
- [Trade to Build](https://samuraitrading.net/samurai-trading-notes/trade-to-build/): The idea of trading to build is to slowly build up a large amount of capital to trade with. I do this by investing and trading with limited risk. The goal is to create enough capital that will be able to generate enough monthly income if traded or invested with limited risk. I currently trade at SimpleFX. For more brokers for trading and investing see:
- [Trading a Small Account](https://samuraitrading.net/samurai-trading-notes/trading-a-small-account/): Trading a small account will let you place small trades that should not affect your financials, but will affect your emotions. You can scale up the account by making regular additional deposits. This will get you accustomed to trading larger sums of money. The next step will be to trade a funded account once you have seen some consistency in your trading results.
- [Demo / Paper Trading](https://samuraitrading.net/samurai-trading-notes/demo-paper-trading/): Before trading with real funds, it is a good idea to practice executing trades according to your strategy on the platform you will be trading with real funds later. Most brokers understand this and therefore offer demo or paper trading accounts that you can open without depositing any money. I know that the following brokers offer demo trading accounts:   Alternatively, you can also paper trade on tradingview.   I advise you to only use the demo trading account to get familiar with the trading platform. Do not trade too long on a demo account as it will teach you […]
- [Supply and Demand Back Test](https://samuraitrading.net/samurai-trading-notes/supply-and-demand-back-test/): I have redone a back test of my ‘strategy’, but now only using the Supply and Demand Trading Method. I noticed that this could lead to higher win ratios compared to my original Market Structure strategy. Link to the backtest will come here.
- [Market Structure Back Test](https://samuraitrading.net/samurai-trading-notes/market-structure-back-test/): This is my back-test of trading my market structure trading setups. The full backtest can be found here. NZDUSD 2016 EURUSD sept 2017 – july 2018
- [End-of-Day Strategy Back Test Preparation](https://samuraitrading.net/samurai-trading-notes/end-of-day-strategy-back-test-preparation/): This document is a way to bring together all the backtesting and forward testing and trading that I have done for the past few years and to come up with one consistent plan that I will then backtest thoroughly. The idea The idea is to test different market structure confluences on a daily time frame only. If this strategy is viable it should be possible to trade this by only looking at the daily TF for entering. I will use candlestick patterns at areas of value as entry signals. Trade management will be either set and forget with a 1:1 […]
- [Market Structure Trading Setups](https://samuraitrading.net/samurai-trading-notes/market-structure-trading-setups/): Fig/. 1: AUDUSD Daily Chart Trend The first step we take when looking for trade setups is to identify in what market we are. Is the market trending, or going sideways or are we in a choppy market? Basically, there are three ways we use to identify the market type we are in: Obvious Patterns The first way to identify the long-term market trend is to simply zoom out the chart and see how prices are moving. Are they clearly going up, or down, or sideways? Do not try to be fancy here. The most obvious direction will give a […]
- [Trading Plan](https://samuraitrading.net/samurai-trading-notes/trading-plan/): Every trader needs to have a trading plan. Below is my trading plan. You can use it as a reference to create your own. Below is an out dated version of my trading plan. Use it as inspiration for writing your own. Mindset What is your trading goal? Be a consistently profitable trader using the strategy detailed below trading my own and prop firm accounts. How will you achieve this goal? Every Sunday and workday at the New York close I will check for setups and place orders on my account. This will be at 23h00 CET. I will also […]
- [Recommended Courses on Youtube](https://samuraitrading.net/samurai-trading-notes/recommended-courses-on-youtube/): Below are videos from the Youtube channel Mind Math Money and others. I selected all the videos that cover concepts that I use to trade. Technical Analysis Support and Resistance   Market Structure Candlestick Patterns   Chart patterns   Supply and Demand   Smart Money Concepts Top Down Analysis Candle Theory Liquidity
- [Supply and Demand Trading Method](https://samuraitrading.net/samurai-trading-notes/supply-and-demand-trading-method/): The below video course teaches the method I trade. It is not complicated. It just takes practice, and discipline to trade this way. Also after learning this way of trading, you will need to define, and back-test your strategy, refine it, and make it your own. And finally, you will need to execute this strategy consistently, which you can probably only do after back-testing it. Playlist on Youtube Course notes These videos were part of a course that I paid for. The course is no longer available online. I tried to find it. Luckily, I created a document for myself […]
- [Market Structure Trading Method](https://samuraitrading.net/samurai-trading-notes/market-structure-trading-method/): Market structure is arguably the foundation of technical trading. When combined with candlestick patterns you can build a solid Trading Strategy. I have built such a strategy. I have described the trade setups here, and the back test of this strategy is here. Market structure and Candlestick Pattern trading are pretty popular online, and there are many free resources on them. I have always found the candlestick trading bible a comprehensive resource. I bought it many years ago and modeled my trading around it. Unfortunately, it is no longer for sale online. As this is the case, I think it […]
- [Trading Road map - Start Here](https://samuraitrading.net/samurai-trading-notes/trading-road-map-start-here/): Looking back at my journey I realized I haven’t been doing things in the right order. So I have written down a road map to becoming a consistently profitable trader. I am happy to share it with you in the hope it will speed up your development as a trader (as well as mine). Here is the road map: Why Trade Trading is hard. The most important thing you need to know is WHY you want to trade. Otherwise, you will give up. To read about why I trade and why I think you should too, you can read this post. Learn […]
- [Samurai Trading Notes](https://samuraitrading.net/samurai-trading-notes/): Welcome to my personal notes collection on trading. From here I will share with you links to all my recommended resources, and tools to learn, develop, test, trade, and scale your strategy and be consistently profitable.  Trading Road map – Start here Learn Learn to Trade eBook Market Structure Trading Method Supply and Demand Trading Method Recommended Courses on Youtube Develop Trading Plan Market Structure Trading Setups Test End-of-Day Strategy Back Test Preparation Market Structure Back Test Supply and Demand Back Test End of Day Backtest Practice Demo / Paper Trading Trading a Small Account Trade Trade Forecasts Trading Log […]
- [Investing](https://samuraitrading.net/investing/): I trade mainly currencies, but I only hold a small portion of my savings in currencies as I believe that all fiat currencies will eventually revert to their intrinsic value, which is zero. If I keep savings at the bank, then I will certainly lose on my savings in the long run. Therefore I only hold short-term savings at a bank. These are savings I keep for expenditures such as holidays, house maintenance, tuition fees, etc. These are expenditures, that I know are coming. Besides that, I also hold savings at a bank for known unknown expenditures and emergencies. I invest my long-term savings in: Investing in […]
- [Invest with me](https://samuraitrading.net/invest-with-me/): I invest at Trading212. I do this according to a strategy that I backtested. This backtest showed me good results with higher returns and lower volatility compared to other benchmarks like the Vanguard 500 index. If you are interested in the backtest and want to see how you can backtest this and other portfolios yourself, check out: If you want to invest this way on Trading212, then you can copy the ‘Pie‘ that I use to invest this way. You can auto invest in the Pie to automate the whole process. Below is a review of the live performance of […]
- [Investment Portfolio Backtest](https://samuraitrading.net/investment-portfolio-backtest/): Loading…
- [Position Sizer EA for Metatrader](https://samuraitrading.net/resources/position-sizer-ea-for-metatrader/): Loading…
- [Trading Book](https://samuraitrading.net/resources/trading-book/): Becoming a trader is a process. Although some people have a natural ability to be successful in trading, most others do not have this. I think everyone can learn to trade the markets. I have spent many years studying the markets, reading books on trading, doing backtests, and of course trading. Finally, I am at the level where I make more money than I lose. So I feel confident I can share with you what I know on the subject. Let this Book be the beginning of your journey in learning how to trade. It will be a skill that […]
- [Trading Back Test](https://samuraitrading.net/resources/trading-backtest/): I have been testing a strategy based on Market Structure trading the Daily Time Frame. The results thus far look pretty promising. This is why I decided to make it available to anyone to look at for free. The back test shows an average win rate of 45% with a 1:2 risk-to-reward ratio. This means the strategy is profitable, but can have periods of draw down, that you will need to trade through. This back test has become mostly a back test of a Market Structure Strategy, where I use S&R and Candlestick patterns to find trades. And I also […]
- [Trade Setup Guide](https://samuraitrading.net/resources/tradesetupguide/): Do you want to see how I find the trade setups that I post? Wanna find them by yourself? Then have a look at my Market Structure Trade Setup Guide. I originally wrote the guide for myself so I could always refer back to it while looking for trades. And now I am sharing it with you. Just buy me a coffee! I hope it will inspire you to write your own guide that can be part of your trading plan. Of course, you can also just copy my trade setups. In any case, I always advise back testing the […]
- [Tradingplan](https://samuraitrading.net/resources/tradingplan/): Loading…
- [Trading Log](https://samuraitrading.net/resources/tradinglog/): I log all my trades in a spreadsheet (Google sheet) so I can track my progress. A trading log helps me stay on track and let’s me easily review my trades and trading performance. You can get access to my trading log and can copy it to make your own. Just buy me a coffee! You will be able to see all my trade history including links to the chart before I entered the trade and after I closed the trade. The spreadsheet also contains a chart of my P&L represented in R. (See my ebook, if you are not […]
- [Charts](https://samuraitrading.net/resources/charts/)
- [Resources](https://samuraitrading.net/resources/): Here are all the tools I use and share for trading. Most of these resources are free or have free versions or alternatives. Prop Firms Forex and CFD broker Stock brokers Banking and currency exchange Charts More
- [Brokers](https://samuraitrading.net/resources/brokers/): Below is a list of brokers that I have experience trading and investing with. I do not recommend any specific broker. Please always do your own research when it comes to brokers you send your hard earned cash to for trading and investing. Prop Firms The5ers I trade with the proprietary trading firm The5ers. A prop firm let’s you trade the firms money and will give you part of the profit you make. In order to be eligible for this arrangement you will need to pay for a challenge / evaluation that you will need to pass. You will need […]
- [Position Size calculator](https://samuraitrading.net/resources/position-size-calculator/): Looking for the Position Sizer EA for Metatrader? You can find it right here!
- [Economic calendar](https://samuraitrading.net/resources/economic-calendar/): Track all markets on TradingView
- [Home](https://samuraitrading.net/home/)
- [Learn to trade ebook](https://samuraitrading.net/resources/learn-to-trade-ebook/): Becoming a trader is a process. Although some people have a natural ability to be successful in trading, most others do not have this. I think everyone can learn to trade the markets. I have spent many years studying the markets, reading books on trading, doing backtests, and trading. Finally, I am at the level where I make more money than I lose. So I feel confident I can share with you what I know on the subject. Let this eBook begin your journey in learning how to trade. It will be a skill that will serve you for a […]
- [Contact](https://samuraitrading.net/contact/)
- [Disclaimer](https://samuraitrading.net/disclaimer/): All of the opinions on this site and related social media are just that: opinions. We believe in financial independence as a way to personal growth in freedom. We also believe in openness and transparency. In that light, we would like you to read and understand two disclaimers. Trading and investing disclaimer All information on this site and related social media channels (Youtube, Twitter, etc.) is for educational and entertainment purposes only. None of the information provided is advice to buy or sell a security. Always do your own homework when it comes to investing or trading. And now more […]
- [About](https://samuraitrading.net/about/): My name is Dave. I am a coder by day and trader by night.  On this site, I share my experience Trading Forex, Precious Metals, Crypto Currencies, and CFDs on Stocks, Indices and Commodities. Read My Trading Plan Every trader needs a plan. Plan your trades and trade your plan! My Trading Plan can be found here. I hope it will show you that I actually trade according to a plan and that luck is a minimal factor in my trading. Learn my trading setups as well. Get Free charting software from Tradingview I use Tradingview to do all my chart analyses. I […]
- [Privacy Policy](https://samuraitrading.net/privacy-policy/): Who we are Our website address is: http://samuraitrading.net. What personal data we collect and why we collect it Comments When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: https://automattic.com/privacy/. After approval of your comment, your profile picture is visible to the public in the […]

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