|
|
 Have you ever asked yourself what makes other professional day traders achieve success and money? Don't you wish you were amongst them?
Well, the answer is - they follow a very strict trading plan that have yielded them a set of rules and trading strategies to minimize their trading losses and maximize their trading profits or gains.
In this article, I will go over the top five rules that all successful day traders adhere to. You will gain some insight on the importance of consistency, trading mindset and body (which I call day trading fitness), trading plan and strategies have on ... more →
|
|
|
|
|
|
 I find the average trader does not do well in trading for a couple reason. First, they do not have the right mind set. Second, they do have the proper training and the third least talked about is making sure you are treating it like a business and not like a hobby or job.
Most people trade because they want to make more money. The average person is trained to think working a job is the best way to earn money since it is 'secure', so we let our brain connect the two without even realizing we are doing it.
The problems with looking at Forex trading as a job are that in most jobs ... more →
|
|
|
|
|
|
 The reports of the society making immeasurable gains in stocks markets have been delivered in newspapers around the world.So the first timer investors have been attracted to the stock market. Day trading is one of the organizations gaining in demand with investors. But this day trading has full of risks. However you can make immeasurable gains in day trading,you are also expected to expend huge money.On the other hand, if you want to do day trading the following tips and guidelines are here to make you succeed:
Who is day trader?
A person who actively associate within stock market and ... more →
|
|
|
|
|
|
 Investors and traders can trade currencies worldwide, in any trading zone, 24 hours a day, in today's foreign exchange market. London, Japan and New York top the top three currency traders among the currency dealers. These currencies are being traded 24 hours a day. The only time that currencies stop trading is on Friday when the Japanese market shuts its doors. There is a one day window after Japan closes before Europe steps in on Monday morning to open for business.
The majority of trading comes from banks, brokerages and investment companies. Companies that sell and buy foreign ... more →
|
|
|
|
|
|
 Learning to stop trading: an introduction
We talk a lot in the trading world about when to trade; we talk about entries and exits and profit targets and stop losses and moving average crossovers. There are endless threads on massive online discussion boards about trading the news, or whether inside price action 'Wicked Fairy' candles are better than 'Samurai Warrior Face' inside bars. The arguments about the best place to get into a trade are so extensive that, by now, it's difficult to tell the difference between the methods. But we don't talk enough about when ... more →
|
|
|
|
