Testing a trading Plan
Before they begin in the market, some traders find it helpful to ‘paper trade’ the market for a while. This involves taking ‘hypothetical’ positions in the market and then monitoring these to see what the outcome will be.
Before doing any physical futures trading at all, the first move is to start by [...]
Is your online trading experience like mine? The first 12 – 15 years, in the business, I read every book I could lay my hands on. I attended seminars and day trading courses and bought software to help devise a personal “universal trading system”.
But what I did manage to develop was a smaller bank [...]
What happened to the stock markets these past two weeks?
Anyone at all involved in investing or trading no doubt personally experienced it- the stock markets went through a major correction! And in these days of the “World Economy” such a correction can be triggered by news from anywhere in the world. As it did [...]
As a former broker for a few years, in the late 90’s, I had many of my clients tell me that they couldn’t take advantage of a certain recommendation because they had lost their extra money day trading. Back than the access to sophisticated software programs was limited and also rather costly. Today we are [...]
Between Day Trade and TrendsIf you are not a day trader or long term investor, you are a swing trader. It usually means you are holding on to a stock for at least a few days, but not more than a few weeks. Swing trading is traditionally considered a low risk venture, especially for thosewho [...]
These Fundamentals Aren’t TechnicalI believe in order to lay a solid foundation for successful trading, there are three basic fundamentals you must adhere to. The first is knowledge. There are only three things really that separate us from an expert. Training and experience comes after knowledge. Knowledge comes first, and expertise is accomplished through experience [...]
All Portfolios Should Contain a Percentage of GoldAnyone who can afford to should own gold. There are many legal ways of having gold, however, it comes down to either physically possessing it, or owning shares on paper. Most experts agree that taking physical possession of gold is a good idea as a bet against inflation. [...]
Day Trading Power and Understanding All of the Rules To understand the concept of day trading power, you must know a few other key facts first. Most people who trade online have some kind of understanding about the differences between the styles of trading. First of all, if you are buying and selling any asset [...]
Knowledge and Training Lead to ConfidenceHaving an online broker account can afford you a total sense of power. All of them offer the traditional personal help for a price. Some online brokerages will give out free advice, however, as always, the decision whether or not to trade is left totally at your discretion. For the [...]
Hey Joe! No matter how hard I try, I still find myself hesitating before a trade. Any comments about that?
There are any number of reasons why a trader hesitates before a trade. The main one is lack of planning. Without a plan, there is no degree of confidence a trade will be successful, it’s [...]