Until recently, the high speed nature of trades in certain financial investments such as CFDs and forex meant that only those in banks with specialised equipment could take advantage of the fluidity and flexibility of these sorts of investments. However, now that just about every home and workplace has a high speed broadband connection, […]
Top Tools for Electronic Trading Platforms Read More »
Forex – or foreign exchange – is a type of financial trading that was once exclusive to traders in stock exchanges with direct access to the latest exchange rates for up-to-the-minute deals. However, the advent of the internet has changed all that. Now anyone with a computer and a fast internet connection can
Making a Start in Forex Trading Read More »
A book review for: TREND COMMANDMENTS by Michael Covel This book is based on the author Michael Covel’s extensive 15-year study of the world’s top trend following traders such as Ed Seykota, Jerry Parker, the Turtle Traders, Larry Hite, and many others. This is not a book filled with Mr. Covel’s opinions, as it’s
The Trend Commandments for Traders Read More »
With all the experiences I had trading Apple options from the long side on Friday over the past few years both with big wins and frustrating losses I decided to truly do a back test to see if the pinning action was as bad as I imagined. In some ways it was, with
Apple Friday Price Pin Statistics Since the Weekly Options Started Read More »
Disciplined Traders Emotional Traders Trade a defined trading plan. Trade based on emotions. Manage risk. The more confident they are the bigger the trade. Exit based on predetermined stop. Exit due to fear. Enter based on a set up. Enter based on greed. Exit a
Disciplined Trader… Emotional Trader… Which are you? Read More »
If you took a penny on the first day of the month and doubled it every day for that month (all 30 days), how much would you end up at the end of the month? One cent, two cents, four cents, eight cents…. but at the end of day thirty you end up with $5,368,709.12!
How Much does A Penny Doubled Every day for a Month End up Being? Read More »
Here is a discussion that happened in my trading group this weekend. Mr. Hertel was kind enough to let me share it with my readers. I think it really answers the core question for New Traders on how to get started trading in a systematic way. For anyone interested in joining a high
What to look for in a Trading System (GUEST POST) Read More »
Since breaking over the 50 day back in January the 50 day has held as support 4 out of 5 times. This is the sixth test and it could go either way. Three weeks ago all time highs were rejected so we do have over head resistance to work off as people get
Ten Fast Facts About the $SPY Chart Read More »
So many traders look for a winning trading system not understanding that even after they find one that making a few crucial mistakes can turn a winning system into a losing one. Once you have a system that seems robust from historical data, chart studies, or back testing be careful not to make these crucial
Ten Things that Ruin a Trading System Read More »
Here are ten things I believe are needed to be a great trader. It will surprise some that predicting, stubbornness, reading a balance sheet, or stock picking is not on here. It is all a game of risk management, mind, and a robust system. Everything else is just noise. Passion for trading, only passion
Ten Ingredients That Make A Great Trader Read More »