The Real Deal When It Comes to Trading An Inquiry into Trading Systems, Money Management and the Human PsycheAt a recent seminar, I got involved in an interesting discussion with other attendees centered on trading success. More specifically, the percentage of successful trades and the percent of accuracy you should realistically expect from trading.For whatever reason, our minds tend to focus on accuracy as the primary way of...more
Things To Read Before Trading Today Stocks were mixed in Asia. The Nikkei fell one percent, Australia was up a fraction, the Hang Seng rose two thirds of a percent and Shanghai led the way with a gain of 2.8%. European indexes are generally higher, but nothing much; the Dax is currently up by a third of a percent and the Footsie is up just a fraction. US stock futures are up by about a third of a percent as I write. The April...more
The Psychological Aspect of Trading Many of today's highly successful traders will tell you that the general key to success in trading is to be able to comfortably take a loss. It is general knowledge among experts in the trading psychology field and among traders that the market is not predictable and it is safe to say that it never will be. In the world of trading, it is expected to take a loss; even those who are highly skilled traders know that it is inevitable. With that said, let us have a look at things you as a trader should be aware of, how you can take a loss effectively and use it towards the greater good of your trading world.Trading psychology tells us that when a trader loses he begins to become somewhat of a perfectionist in his dealing. Many traders think that in trading, a good day will always be one that is profitable. Trading psychology experts tells us this is not true. A trader should define a good day as one where they have extensively researched and planned with discipline and focus, and have followed through to the entire extent of the plan. Yes, when a trader has mastered the art of accepting losses and working through them with a well...more
A Complete Trading System Versus Technical Indicators There are literally dozens and dozens of predictive indicators on the Market today. Surf up trading indicators and you'll see them, all claiming to be the Holy Grail of trading. They vary in price from $50 to $1000, but each one basically functions the same way. They all promise...more
Trading Methods and Rules Are Part of the Puzzle Does the use of proper trading methods and rules mean success in the markets? Maybe, but there are other important factors that contribute greatly to your overall success.Many people are fascinated by the possibility of making a fortune trading the markets. Do people really make...more
Steps to Succeed in Day Trading There are a vast amount of people in today's society that would give anything to be at home and day trade online all day as their main profession. Anyone with an online brokerage account, day trading software and connection to the internet can be involved with day trading anything from stocks to futures while sipping their morning coffee in their bathrobe. This luxurious dream sounds fantastic but can be a lot harder than most realize it to be. Someone who is really interested in becoming a day trader must be focused, hard working and driven to be the best of the best. This will be your main source of income so therefore you need to be fully invested in all training that comes with trading. It is highly recommended by most traders to work with or invest in obtaining a mentor. A mentor, while not cheap, can provide essential tips and tricks to work your way from a trickle of money coming in (or likely going out) at first, to a flood of income flowing in on a consistent basis later on in your career. It is vital that you are day trading with money that you can afford to lose. This profession is high risk and high reward at all hours of...more
The Psychological Part of Trading Trading in today's market is a difficult profession that will find few people making a steady income and a majority of the rest finding a hard time staying afloat. The puzzling part of the market,...more
MPowerFX Trading System Review mPowerFX is new Forex software from Jason Fielder coming to market in April 2011.The objective of this product is to allow you to create your own automated trading strategy with ease. It will work...more
Forex Trading Indicators and the Ever Changing Market Conditions When ever you will enter in the forex trading market, you will need to use the technical analysis for finding the trends when looking in the forex charts. And also the...more
Platform For Equities Trading Stock investment is not all about buying shares for low price and selling them at a higher price at the opportune time. You can expect maximum return on your investment by investing in the best performing...more
About On the net Trading The invention of the world wide web has brought about a lot of modifications in the way that we conduct our lives and our personal enterprise. We can pay our bills on line, shop on-line, bank on the internet,...more
FX Trading Robots – Using Robots For FX Trading You might want to have your own FX trading robots especially if you are planning to venture in the foreign exchange. As you must have already observed, this is a very risky and volatile...more