Do you understand why support and resistance is so important to those who are day trading? It’s not some mystical chart pattern, there is a simple reason why these areas form on a chart, and if you don’t understand why that is you are setting yourself up for a lot of pain. Support and resistance on a chart is as simple as this: the price of any market is always searching for … [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...]