Developing A Successful Trading Plan How To – 71 Page Comprehensive FREE Book By Norman Hallet

Fail to plan and plan to fail. You need to keep this famous quotation in mind when thinking of becoming a day or a swing trader. Many traders start their trading career without ever thinking about developing a trading plan. Your trading plan is like a road map that tells you what are your financial goals as a trader and how you plan to go about achieving those goals as a day trader or a swing trader.

E-Mini Trading: More on the Advantages and Disadvantages of the YM and ES

There is no shortage of opinions among e-mini traders as to which contract is the most profitable to trade. In my opinion, the various financial index e-mini contracts all have specific advantages and disadvantages that an e-mini trader should consider.

Why I Finally Became A Profitable Day Trader

Profitable day traders have not only embraced a holistic trading system that suits their trading style, they have also applied themselves within additional intangible ideas. In this opinion article I share the ideas that finally enabled me to turn the corner and become a consistent, profitable day trader.

Options Trading: The Importance of Entry Timing

Entry timing is an important stock trading art made critical in options trading. If timing your entry is critical for stocks which you can hold perpetually, all the more it is critical for options with a finite lifespan.

Investment Account Manager

Investment Account Manager (IAM) was designed by professional money managers and used by investors Worldwide since 1985. IAM provides extensive investment tracking and portfolio management tools that can help the average investor manage his or her portfolio. Investment Account Manager has several comprehensive features that can save time, help you to avoid mistakes, while leading to better portfolio management decisions, such as a centralized secure portfolio management that manages all of your accounts on your computer.

Intraday Trading Basics

Intraday trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions are usually closed before the market close for the trading day. Traders that participate in day trading are called active traders or day traders. It seemingly looks to be the simplest and the most rewarding…

Using A Day Trading Tool

One of the adrenaline rushes involved in the life of the day trader is when they hear about the latest investment winner, invest in that stock and then find that the stock provides handsome monetary rewards. However, in the world of the day trader, it is important to be told time and time again that the market is a very volatile arena and one can just as easily lose money as they can make a profit. Additionally, most seasoned investors realize that hot tips are hard to come by because other investors hold on to those investment gems to…

Common Challenge For Day Traders

Profitable consistency is one of the hardest achievements for day traders. It’s fairly common to build a good trading system, but it’s extremely difficult to execute your system without mistakes. We discuss how taking responsibility for your mistakes is the first step to eliminating the costly mistakes that impact your trading consistency.

Trading Psychology Lesson – Impulse Trading

Impulse trades are bad trades because they are executed without proper analysis or method. Successful traders have a particular trading method or style which serves them well, and the impulse trade is one which is done outside of this usual method. It is a bad trading decision which causes a bad trade. So, how does a trader know that they’re at risk of an impulse trade, i.e. how does one stop the problem before it develops?

The Way Opening Range Trading Strategy Will Make You Wealthy

The Opening Range Breakout is just about the most straightforward day trading set-ups to know. The first hour of the trading day is considered the most volatile. Bears and bulls are battling it out in the stock market, wishing to tell you who is will be the dominating group for the entire day. This volatility creates a price-range you’ll be able to trade from. Like all breakout trading set-ups, it is a fantastic set-up since it offers a very low risk entry.

Forex Trading – 5 Major Mistakes To Avoid

When learning forex trading there are five major mistakes to avoid. Would you like to learn what they are? If you do, you can be rich sooner rather than later.

Discover How Fibonacci Trading Works

It is not always easy to understand the ins and outs of the financial market. This is especially true when the understanding and application of complex analytical methods becomes involved.

You May Also Like