Archive for January, 2009

It is very easy for a trader to go wrong in the area of trading analysis, just because he/she happens to be one of those who believe that they must indulge in very complex analysis before they can catch that winning trade. This so wrong and very many find this out the wrong way as they loose their life savings... »

I start with these concepts because they need to be understood in order to use the day trading levels that I post each day. The following topics involve looking at a chart of price history of a given financial instrument. Support Levels are price points at which prices have had a hard time pushing down through in the past. In other... »

One of the subtle differences of trading Contracts for Difference (CFDs) compared to trading the stock market is the fact that CFD brokers charge CFD finance when holding positions overnight. Today we will take a look at this subtle difference of CFD finance and how that may affect your CFD trading business. The CFD brokers major source... »

There's a great show on British TV - Million Dollar Traders. There are two very important lessons that every trader must understand, that have been perfectly illustrated in this documentary, and I want to discuss those here. Any trader who doesn't understand these lessons is doomed to fail, just as many of the traders in the show are failing. Before I... »

In order to break bad trading habits you need to view your success or failure by if you stick to your trading plan, and not simply on making/losing money. If you make a bad trade (an undisciplined trade, that is not part of your trading plan), but make money on it, you have to still view that as a failure,... »

Day Trading Tips If you're thinking about taking up day trading, you're getting into one of the most exciting, potentially profitable, and stressful enterprises out there. This is a real job, and you need to treat it like one. However, if you have a cool head, strong accounting practices, and the tenacity to stick with it, you could profit significantly. Here... »

There is nothing more frustrating than finding a good candidate for a trade, making an excellent entry, and then watching the profits disappear when the market turns around and moves against our position. This kind of experience can place an extraordinary amount of psychological pressure on someone trying to trade for a living. Learning to deal with this situation before... »

Many people who get involved with stock trading eventually give scalping the market a try. While not for everyone, scalping stocks can be a worthwhile and profitable way to trade, but only under certain conditions. Scalping stocks involves trying to make small amounts of of profits several times a day in quick time frames. Often the trades last only seconds but... »

Day trading needs you to be careful in order for you make the highest possible income from it. The pressure that day trading creates makes it easy to make a costly mistake, so you need to be confident about your trades to make sure that the majority of your day trades are successful for you. 1. Not having a plan It's really... »

Forex day trading is certainly not for the faint of heart. There is a huge buzz about the forex market. There are people out there making loads of money and no doubt probably just as many if not more loosing it. Day trading can be very risky however there are ways to curb that risk and we will talk about... »