Just Give Up! You Stink at E-Mini Trading
I shudder to think how many aspiring e-mini traders have heard this ultimatum from the wives, loved ones, or immediate family. I just heard from a gentleman who had received a demand from his wife that he either get profitable in one month or go look for a “real” job. Countless new traders find themselves faced with this sort of dilemma.The Master Trader Part 1
This article explains why profitable traders are profitable. The mastery of trading is a long and uneven process of consistently looking for improvement combined with a high level of discipline. The steps that I have outlined here are not a prerequisite for successful trading, but definitely act as a great tool for improvement.Using Intraday Trading Charts to Trade Binary Options
Here are three traditional indicators traders use to try to predict stock prices. We also discuss how using binary options can mitigate some risks associated with trading non-US dollar priced assets. I also discuss one of my own creations that I use to help me gauge global forex market sentiment.Can You Trade Range Compression? You’re Leaving Money on the Table
There are very few chart patterns in which I place a great deal of confidence, and I have found very few successful traders who rely solely on chart patterns for e-mini trading. That being said, there is a tremendous amount of literature on how to trade chart patterns and an equal number of chart pattern sceptics.What Is the Absolute Best Contract for a Beginner in E-Mini Trading?
From the onset, it is important for every beginning trader to understand basic e-mini trading technique, support and resistance, volume, and some understanding of order flow. It is my opinion that the most difficult e-mini contract to trade for beginners) is the S&P 500 contract (ES). I could go on for several pages about market efficiency theory, but in a nutshell, the ES contract is extremely efficient because of the level of arbitrage and High Frequency Trading.5 Most Profitable Triangle Patterns For Traders
Technical traders have hundreds of different indicators and setups at their disposal. Triangle patterns are just one form of technical analysis that traders rely on but if used correctly they can be more accurate than other, more well-known indicators.Why You Should Day Trade With A Mentor
A good mentor will show you the easiest and least expensive way to becoming a successful day trader. He or she will have already traveled the long and difficult road to becoming a successful day trader. A mentor has already done the costly experimenting and spent hundreds of hours and thousands of dollars learning his or her trade so that you won’t have to encounter the obstacles that cause many to lose money and ultimately fail as a day trader. A good mentor is worth much more than the amount of their fee.Taking a Close Look at Binary Options Trading
In many respects, regular options and binary options are similar and there is only one major difference. These are based on a system where maximum loss and profit is known by the trader beforehand. It is this feature of these options that makes it easier for people to calculate the risk and reward associated with them before making a trade. They are also known as all-for-nothing or digital options. These options are regarded as an easy form of investment, especially for novices. Banks looking to hedge their interest rate and currency risks and investors following financial trends in the market are keen to invest in binary options.How to Improve Your Analysis With Stock Charting Software
Ever since the technological realm has witnessed immense growth in digital communication and processing, the possibilities of harnessing its power to analyses data have also grown immensely. The amount of calculations done and the volume of data involved in these analyses would have been quite difficult and extremely time consuming if done manually. This is the reason behind the rising popularity of stock charting software.A Funny Moment In My E-Mini Trading Career
To most people e-mini trading is pretty serious business; which is to say there isn’t a whole lot of levity in most e-mini trading rooms. Nope, this is a solemn experience and you better not get caught cutting up or having a good time; after all, we are talking about real money here; cold hard cash, moolah, real greenbacks and the stuff of disappointment, letdown, heartbreak and failure. More than anything, we deal with pure, all American, unadulterated greed.Which Set-Ups Are Least Profitable in My E-Mini Trading Experience?
It is with a certain amount of trepidation that I begin to write this particular article. However, everyone occasionally loses when e-mini trading and I am no exception. In the article prior to this one I described my very best set-ups and winning trades. This article will describe the e-mini trades I take that are, ahem, not exactly trades that you want to emulate.What Are My Favorite Set-Ups For E-Mini Trading?
I track every e-mini trade that I execute on a commercially produced Excel-based spreadsheet for review at a later time. This particular spreadsheet requires me to enter some fairly detailed information about each trade and on a separate page tallies the information and provides me with a complete page of my trading metrics. In short, I know what trades are working and what trades are dogs.