Trade With Confidence?

Virtually every teacher, webinar, and book on trading commands students to trade with confidence; to take setups with a positive and self-assured approach. Here is what that really means… and how to achieve it.

Why Day Trade the DAX When There Are Alternatives?

You may be wondering: Why day trade the DAX when you could make much more profits by accessing other programs? For Americans this is the equivalent of the Dow. It is comprised of the 30 largest companies in Germany which are assessed for capitalization and then weighted to give investors an indicator of how stable their money is going to be if they join.

Trading Rules and Why Traders (Like Children) Need Them

Yeah, yeah, yeah, traders need rules, but why? Trading rules are like New Year’s Resolutions; easy to come by, incredibly difficult to follow. In this article, we provide just a few of the reasons traders shouldn’t leave bed each morning without them.

The Psychology Behind Online Day Trading Losses

One of the attributes that we are taught from an early age is that it is good to be right. We probably notice this most at school where we are taught the importance of getting the right answers to pass tests and exams to progress in life. This means that most people come to associate being successful with being right. The problem with this kind of thinking when it comes to trading is that wanting to be right can lead to stubbornness.

You Are Wasting Your Time, Unless You Have a Trading Mentor

It is very true, you are honestly wasting your time trading with the DIY approach. I know it is harsh but it is so true. Successful traders usually have a mentor or have had a trading expert help them. Is this the reason why traders become successful? YOU NEED a mentor if you want to be a consistently profitable trader over a long career. Remember that 90% of traders fail!!! FACT….. Do you want to be in that magical 10% that succeeds? Read on and I will show you why most traders fail and it isn’t even their fault. You are not built to be a trader, you’re not psychologically able to deal with the stress and toxic by-products of trading.

The Trading Mastermind

I’m a huge fan of author Napoleon Hill. One of his 17 Principles of Success is that of the “Mastermind Alliance.” “A mastermind alliance consists of two or more minds working actively together in perfect harmony toward a common definite objective. Through a mastermind alliance you can appropriate and use the full strength of the experience, training, and knowledge of others just as if they were your own. No individual has ever achieved success without the help and cooperation of others.” – Napoleon Hill. My opinion is that any individual can achieve SOME success, but not to the level they are capable of if they DO NOT have a Mastermind Alliance. Great and massive success and accomplishments are only made if one has a Mastermind Group that they have access to.

The 11 Fundamental Beliefs and Rules of Trading

These 11 rules are my rules that should be understood and acted upon every day. They will help keep yourself mentally prepared and your balance from suffering from major losses. I suggest keeping these on a mental checklist that you keep reviewing.

How to Discover and Interpret Support and Resistance Levels

Support and resistance indicate convergences in the market where the supply and the demand meet. In the market, prices are driven by either excessive supply where the prices trend down which is referred to as bearish or excessive demand where the prices trend up which is referred to as bullish. As the demand for a security increases, bulls take over as the market moves up while on the other hand when the supply increases, the counterpart or the bears take center stage and move the market down.

E-Mini Trading: Indicators? Oscillators? Which System Is Guaranteed to Work?

Anyone who has perused the Internet in search of potential e-mini trading education courses has been exposed to a wide variety of guarantees and outrageous claims. Many sites claim to have the latest and greatest new oscillator or indicator that will revolutionize the e-mini trading industry.

E-Mini Trading: Why Do Trading Courses Have to Be So Expensive?

It is not unusual to stumble upon e-mini trading courses ranging in cost from $5000-$8000. By any standard, that is a heck of a lot of money. Of even greater concern, potential e-mini traders enroll in a course without knowing the exact content and effectiveness of the program they are starting.

Learning to Trade – The Psychology to Win

When it comes to learning to trade one of the biggest lessons a person must learn is to learn about you. Everyone has doubt and that is a normal emotion. It is when doubt takes over and influences our behavior that we can end up under performing. In the end you are only hurting yourself.

Invest in Reliable Stock Trading Software for Quick Returns

Is it possible for every trader in the equity market to read a stock market chart showing historic and current trends and understand from the various indicators how the shifts in patterns affect day trading, futures and options or margin trading? Absolutely not, so the best option would be to get hold of stock trading software that can make the process much easier for you by evaluating numerous stocks from around the world and providing up to date information that helps you make timely interventions into the market. The stop and entry price are indicated clearly.

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