TradeStation Strategy Testing – Violating These Steps Will Damage Your Account
Avoid costly mistakes by correctly testing your strategy. With proper strategy testing you can be sure that your strategy is vital and can protect your account against unnecessary draw downs. This article walks you through the detailed steps to correctly backtest your TradeStation strategy.Are You Cut Out For Online Day Trading With a Prop Trading Firm?
Most people begin online day trading with the idea of becoming rich and successful. However, along the way, they encounter many bumps, pitfalls, obstacles and roadblocks that keep them from ever reaching their goal.How to Become a Day Trader
A day trader is someone who at the end of the trading day has a nil net bought or sold position. The person buys a certain number of shares of a particular company during the day and sells the same number of shares of the same company before the end of the day, in the process making a profit or loss but having effectively neither bought nor sold any shares for delivery.Trading Psychology – Coping With Not Winning All the Time
When I first started trading, I always had this idea that once I perfected my chart reading, virtually all of my trades would be winners. When I discovered a setup that worked once, then twice, and again, and again, I figured all I had to do was play those and they’d always work out in my favor. The idea that at certain times these plays would work wonderfully and other times not nearly as well, hadn’t even crossed my mind.Money Management – Proper Position Sizing For Penny Stocks
How large or how small should your position be in any given trade? You need to keep your position size to as small of a percentage as the average daily money volume. How much of the average money volume do you want to be? The less the better, but there is no official threshold to stay under. I’d say staying under 2% is pretty safe, but if you know what you’re doing you can push that somewhat.Top 10 Tips From a Successful Day Trader
With all the uncertainty in the current market, and with people losing money left right and center. Here are a few tips that will help maximize your chances of making money in the stock market each week!Choosing a CFD Trading Provider – What CFDs Can I Trade?
In order to stay competitive, many CFD providers have chosen to compete on the range of products that they offer, and you’ll commonly find perhaps 7000 different CFD products available. Which you choose will depend on your view of the various markets…Contracts For Difference and Margin Trading Workings
What is a Contract for Difference? CFDs offer you the ability to deal in the price movements of a wide range of financial instruments, such as stocks, without actually owning the underlying asset. Like traditional share dealing, the scope is for speculators to profit from the price moving in their favour, but CFDs give you the potential to profit from both rising and falling markets.Understanding Contracts For Difference, Risk and Leverage
Trading contracts for difference on margin means that you are able to take large market positions in relation to the money you have deposited. However, it is important to understand that margin trading magnifies both your profits and your losses.The Basic Goal of Emini Futures Trading
There is a lot to learn about trading eminis but before you learn any of the details, you should know at least the very basic idea and the goal. Before you even go into a futures trading course, you should have at least a slight idea of how the market works. The course will teach you all the specific details, strategies, and tools that you need to know.Short Term Trading
Short term trading offers tremendous potential for traders to make not only a living but large amounts of money if done properly. In my opinion it is part art and part science, yet both of those skills can be learned and enhanced over time with the proper tutelage and support.Habits of a Successful Trader
Have you ever wondered what makes the successful traders stand out from the ones which aren’t? Well you are invited to read what we think are the top 5 habits that a successful trade has that every other trader needs. It might just change the way your trading day.