Trader Blog
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Scalping Round Numbers
Here is a quick strategy to utilize near round numbers in the forex market (and likely other markets as well) to hopefully extract a profit. A round number occurs…
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Always Consider the Opportunity Cost in Trading
Opportunity Cost is what you forgo by taking the course of action you chose. Opportunity cost affects traders in multiple ways. For example, if you are spending your…
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Trend Analysis For Short Term Traders
Trend analysis is a very valuable tool and at the heart of many strategies in use today. In a previous article, Introduction To Trend Analysis, I described the…
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3 Ways to Use Moving Averages in Your Trading
3 Ways to Use Moving Averages in Your Trading A moving average (MA) is one of the simplest trading tools and can help new traders spot trends and…
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Introduction To Trends And Time Frames
Making sense of trends and time frames is an often confusing task. At any one time, in any given time frame, multiple trends can be at play. There…
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Current and Upcoming Forex Trades – May 29
Lots of trades on the radar right now –here is a sampling of a few I am already in, and some others I am waiting for. GBP/NZD The…
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Getting a Job as a Day Trader
Getting a Job as a Day Trader Day Trading from home and starting out with a small account isn’t the only option for those that want to day…
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How Trading Should be Run Like a Business
Whether you’ve heard it before or not, trading should be treated like a business. After all, you are starting out with some capital and devising a plan to…
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Trader Beware! Is That A Tool Or A Strategy?
An all to easy pitfall for new and old traders alike is the failure to recognize the difference between a tool and strategy. A tool can be used…
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Trading False Breakout in Weak Trends
Many traders try to trade breakouts, but many of those breakouts fail resulting in a losing trade. A failed breakout is when the price moves beyond a former…
