The novice trader looks at the most successful of stock market moguls and wonders always what their secret is. Even those who have found great success in the markets themselves cannot always identify exactly what about them makes them a great trader, and endless magazine articles, books, and lectures have been produced exploring the subject. Usually, the explanation of the … [Read more...]
Do NOT Trade Until You Know Yourself
People from every corner of the globe are finding success in the markets. Many of them even make a full time living from it. Whether it’s with currencies, stocks, or futures there is a new fortune to be made every day. Furthermore, it’s an awesome feeling to have a hunch about an asset and then make a cool profit from it. However, there are a few different styles of trading. … [Read more...]
Trading Stock Breakouts – The Simple Explanation
Trading breakouts in stocks and other markets can be one of the most profitable setups one can utilize in their trading arsenal. The fact is that markets, and stocks specifically, spend most of their time trading in a range. Because they have this tendency for sideways price action, when markets do happen to expand their price action the magnitude of movement can be extremely … [Read more...]
So You Want to Live the Life of a Daytrader?
Day traders are a relatively new breed of investors. The popularity of daytrading has skyrocketed in recent years with the advent of internet brokerages, providing traders with easy access to the markets. Unlike traditional buy and hold investors who realize potential gains through riding a stock for days, months, and sometimes years, day traders make their profits by scalping … [Read more...]
Read This if you Want to be Successful at Day Trading
Any experienced day trader will champion proper mindset as one of the most important factors to having success in the markets. To put it simply, day trading is not for the faint of heart. This style of trading moves very quickly as opposed to many others and having the nerves of steel and inner calmness cannot be stressed enough. However, this mindset is comprised of multiple … [Read more...]
3 Essential Money Management Tips to Improve Your Trading Profits
There are many things that define a successful trader, but perhaps none more important than having good money management. In fact, without it trading becomes more like gambling and the house usually wins. For those that do use proper money management, the sky really is the limit as the markets will look more favorably upon them. However, most don't know where to start and it's … [Read more...]