Making a trading plan is no joke. It takes a whole lot of effort and research to come up with a trading plan that is perfect for you. But the problem is, sometimes, when that ticker or number goes up and up or down and down, we aren't control ourselves and jump the gun on selling whether for profit or loss.The problem with that attitude is, once you break away from your trading plan, nothing can stop you from doing it again. Rationalizing your...more
A lot of forex traders only trade a small number of currency pairs. These are often the largest, most actively-traded pairs, often referred to as the major currency pairs. However there are over 120 different currency pairs you can trade. These smaller pairs are often called exotic pairs, but are they worth trading?Well I would personally suggest that you stay well away from these exotic pairs. There are two reasons why I say that.The first is...more
Many people think that online day trading will make them rich. However, on their journey, they encounter many obstacles, bumps, roadblocks and pitfalls that keep them from ever reaching their goal. Because of this, the traders confidence is taken and any structure they once had is exchanged with a gambling mentality where every trade is taken in a risky unplanned manner. Once a day trader reaches this point, he either will give up on day trading or will realize it is time to slow down, analyze the problems, and discover a day trading plan that works for his personality type. Trading for a prop trading firm requires trading knowledge and that you have been educated via a reliable trading course but more importantly, you must have such control of your emotions that only a few are capable of ever achieving. Remember, you are competing with some of the markets brightest minds. But studying other traders pitfalls will help guide you on your way to becoming a successful trader. Using a trading education firm to further refine your trading knowledge will guide you on your trading journey.Typically, traders come up against 2 pitfalls: avoiding losing trades and striving for trading...more
Triad Trading 2.0 just went live about one minute ago their servers are slammed. Traders are going crazy.Here is the link to the product info page:==> Visit Triad Trading Formula Official Website If you drink Jason's kool-aid, and you should…You had better claim your copy right now or risk being shut out. Jason is un-predictable and...more
Web site promotion is getting easier every day because of the methods that you can do to advertise sites. A new strategy is what we call three-way link exchange. Asking a webmaster to trade links with you, or also known as link exchange two-way, it is common to most people. But this new strategy we are talking about is not yet used by many. Let's...more
Firstly, penny stocks are stocks that are priced between 1 cent and $5 and they are traded via the Pink Sheets or the OTC Bulletin Board. These stocks can also be traded n foreign and other securities exchanges. The rules that regulate stock trading are different from those that regulate the trading of penny stocks.The SEC or Securities and Exchange Commission has set out the rules that regulate the trade of penny stocks, these rules are as follows:The SEC needs the brokerage house to have documented evidence of the transaction between them and their customer, which can only happen if their customer is in a position to complete the transaction.Each brokerages firm must supply their customers with a document that outlines all the risk that come with trading penny stocks.Consumers must be informed about whether there is a market quotation on the stocks they want to purchase and what that quotation is.The consumer must also be aware of the commission charged by the brokerage firm on the trade.The penny stock rules also say that the brokerage house must also provide their customers with monthly statements that disclose the value of each penny stock the customer owns.The rules governing...more
I was not long ago checking a number of performance databases of numerous trading systems and CTAs and noticed that nearly all the monitoring services have some type of a "hot list". These were usually a list of the best performing systems or CTAs...more
*Stocks were mixed in Asian trade. The Nikkei was the big gainer with an increase of 2.3%, Australia added three quarters of a percent and the Hang Seng was up a fraction, but Shanghai lost 1.3% on the session. European indexes are...more
Commodity trading is an investing strategy that involves buying and selling of commodities. Commodities are defined as something that is considered to be of value, has a quality that is standardized, and is produced in large amounts....more
Number one, let's make this completely clear - It matters NOT how many Pips you make each day, week or month. What matters most is HOW those Pips are made. And by this we do not mean that it matters what instrument you trade, when...more
Modest cap inventory picks are outlined in numerous techniques. Initial, it is outlined according to the price each reveal. Beneath SEC guidelines, a reveal of investment is thought of a penny investment when it is trading for $five or...more
The Forex market is the fastest growing market in the world with regards to new traders. It already is the biggest in terms of volume but its complexity is always completely underestimated by new traders. Rather than just throwing money at a...more