I was going through a forum the other day and reading the questions from new traders. One topic which came up fairly regularly was how the new traders had lost one, or a few, small deposits. Traders had typically deposited between $100 and $1000, and through trading it was now gone. This type of start […]
Based on discussions and from seeing the strategies many novice traders are operating off of, there is one thing that stands out. Successful traders are getting out of their trades just as novice traders are getting in. Successful trades look for open spaces where the price can run, and when the price looks like it […]
The Vortex Indicator helps isolate trends, which can aid new traders in determining when a new trend is likely underway. The Indictors is based on a two lines–an uptrend line and a downtrend line. When one crosses above the other it indicates that trend (up or down) has taken over. It is also used to […]
Any of you who know me and my writing will know that one of my favorite things to do is surf the web looking for interesting binary options products, services, signals and strategies. More often than not what I find isn’t worth the electricity needed to power the servers much less your time or mine […]
Which has a greater chance of happening? A stock going up? A stock going up because hedge funds are buying it in the belief that earnings are going to be much higher than expected? In trading we deal with probabilities, yet humans, even many statisticians who (are supposed to) know this stuff inside and out, […]
We typically view risk as how much capital we stand to lose if we lose on a trade. This is our trade risk. I don’t risk more than 1.5% on a trade, typically less than 1%. If you are trading with a $5000 account, and risk 1% that means you can lose $50 on that […]
A little more activity in the forex market lately as a number of pairs have broken out of consolidations and provided trend trading opportunities. First let’s look at a recent trade, since it is the same set-up I am watching for in a couple upcoming trades. GBPAUD Last night I took a short in the […]
Becoming a successful trader will require both patience and persistence. In unsuccessful traders these traits are exhibited, but are focused in the wrong direction. When these traits, which can be learned, are applied in the right way, your odds of becoming a better trader dramatically improve. How Unsuccessful Traders Use Patience and Persistence If struggling, […]
If your desire is to become a consistently profitable trader, trades can’t be made on random impulse, guesses or hunches. Trading is methodical and calculated; part of a process which is repeated again and again. Not a single trade takes place outside this of this process. Below is my process for taking swing trades, which […]
I began my review of this website as I always do, hoping for something good, on the hunt for something scammy and as impartial as I can be. I have to admit that I am beginning to get a little biased though, I more often than not find a binary options scam than I do […]