It’s a very common question; let’s break it down so you can see exactly how much you will need to start day trading binary options to forex. It’s recommended that until you have the minimum balance required, don’t start trading. If you don’t have enough capital to start with, it will force you to take […]
Tuesday offered a very trade-able market, with a decent amount of volatility and trades setting up well right on expected points of resistance. The first trade came at the resistance 1 level of 174.524. A touch of 174.524 had become pretty readily foreseeable for the past fifteen minutes with the market moving up on the […]
A trading log is where you keep a record of your trades. As a day trader logging every trade during the day is almost impossible…at least for me, because I am fairly active in multiple markets. Yet it is still important to keep a record of trades…and not just the trade record your broker should […]
If you are looking for an article about trading techniques or tactics this is not it. This is an article unveiling many of the truths, or half truths, surrounding the binary options industry. Am I talking about scams, affiliate marketers, tipsters or gurus? No, I am talking about the industry itself, where it came from, […]
Knowing these four things about every trade you take will not only help you avoid making foolish mistakes, but can also help you read the market better. These concepts are derived (but added to) from The Complete Turtle Trader, a book that is entertaining, has some great lessons, and is worth the read. 1. What […]
I’m still doing early morning trading and probably will for the remainder of the summer. Today I traded the GBP/JPY, which is usually my back-up option to the EUR/USD. But I had the chart of this pair open and saw price lingering around an area where a set-up could possibly take place, so I rolled […]
Wednesday’s trade came at around 2AM EST. Naturally, at this point, volatility is only slightly heating up in the market, as it’s still only the early morning even in Europe. One of the nice things about trading quieter hours is that the news doesn’t interfere too heavily with your trading. For anyone who trades predominantly […]
Every so often, right when you get to your computer, you might actually see a quality trade setting up. This occurred for me during a simple glance at a GBP/JPY chart when I wasn’t even planning on trading at that particular time. I usually don’t trade nights (relative to Eastern Standard Time) because I’m familiar […]
Usually we convince ourselves we are acting logically, and making the best choices. This convincing actually allows us to function in the world, because if we fully realized what we are doing at all times we’d drive ourselves nuts and probably get very little done. A little bit of self deception, it would seem, is […]
I began a discussion on when to use bearish positions in an earlier article. In that piece I focused on trading ranges and the use of oscillators like MACD, stochastic or RSI. Trading ranges, or the limits of those ranges, present high probability target areas in which signals can be taken, both bullish and bearish. […]