Written by admin on February 1st, 2011
There Are Two Types Of Stock, Futures, and Forex Traders
Some traders will go through system after system, teacher after teacher, wasting thousands of dollars not only in useless systems but in lost trades before they realize they’ve been approaching the markets from the wrong standpoint because they’ve been trying to trade the wrong type of system.
Continue Reading...Written by admin on October 22nd, 2010
How to Make Consistent Profits Futures Trading
The issue of direct access is an important one and it becomes more important the more short term your trading is. The market can change from a state of seeming paralysis to one of shocking volatility and activity in a flash. The length of time it takes between you deciding to enter an order and [...]
Continue Reading...Written by admin on October 6th, 2010
An Introduction to Day Trading
Day trading is defined as the buying and selling of a security within a single trading day. Day trading is a strategy for playing the stock market, where “playing” means trying to make money. Day trading is designed to produce short-term profits. Day trading is clearly a phenomenon of our times. Day trading is not [...]
Continue Reading...Written by admin on August 28th, 2009
Dealing With Market Uncertainty
The nature of the markets is uncertainty. Human beings do not like uncertainty. In fact we fear it at the very depths of our soul. Much of our society has evolved in an effort to reduce the uncertainty we face in day to day life, through controlling the environment, and implementing a structure of laws, [...]
Continue Reading...Written by admin on April 15th, 2009
Financial Trading – so many markets, so little time
Would you like to make money from trading but don’t know how to trade?Have you heard of others making a killing on the markets and wished yourself in their position? Trading covers a multitude of markets. Mention “trading” to a non-trader and they’ll probably think of stock and shares but there are many other markets [...]
Continue Reading...Written by admin on April 7th, 2009
Transitioning From Part-Time to Full-Time Daytrading: Ensuring Sufficient Income
One of the toughest times of my life – that threatened my own psychological wellbeing as well as the potential safety and security of my family – was in early 2004, when I first made the leap from part-time to full-time trading. I had the required knowledge. I had the required skills. I was a [...]
Continue Reading...Written by admin on April 1st, 2009
Using Technical Indicators: Bollinger Bands & MACD
A good understanding of the basic tenets of technical analysis can vastly improve one’s trading skills. When using technical analysis, price is the primary tool. Simply put, “everything is already in the rate.” However, technical analysis involves a bit more than simply staring at price charts hoping to find a “yellow brick road” to a [...]
Continue Reading...Written by admin on March 24th, 2009
An Unspoken Rational Approach
If you put on a trade and your heart starts pounding, you are *not* ready to trade yet…Some people who aren’t ready to trade have other problems as well: 1. Pulling the trigger to get in 2. Staying with one trading strategy long enough to judge it 3. Letting good trades go bad Day trading [...]
Continue Reading...Written by admin on March 13th, 2009
Why Traders Knowingly Make Bad Decisions
“To Err is Human”, but in trading it often happens that traders will knowingly make decisions that create losing trades. Now we’re not talking about losses that come about because of testing out a trading plan or a specific indicator. Nor are we looking at simple errors committed purely by accident. If our goal is [...]
Continue Reading...Written by admin on March 10th, 2009
What Are the Differences Between Trading and Gambling?
Many people think that trading is similar to gambling. Is this really the case? For example, let’s take a look at Black Jack. If you start with $10,000 gambling capital, placing bets of $100 per hand and play 100 hands per day, how long will you last? In the game of Black Jack, with Las [...]
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