When trading you are bound to face distractions. Learning to effectively deal with these distractions can mean the difference between a profitable day and a disastrous one. Here we will look at some common distractions, and how to deal with them so you can more effectively trade. Other Work For many traders, trading is a […]
For lack of a better word, I call it the “valley floor.” During a trend the price will often pull back to this area. Not always, but whether it does or doesn’t provides some valuable insight. The main reason I look for it, is that if the price is trending well, then this valley floor […]
BinaryOptionGain.com is a downloadable software package for MT4. It is based on the popular Fibonacci sequences and utilizes several proprietary indicators. In order to get the down load you will have to register with the website, but unlike so many other sites I review this one actually gives you a lot of information before you […]
Maybe because it is discussed in most basic trading books, and is a often referred to as a “break to new highs (or lows),” that trading a new high or new low seems so appealing. Most traders are taught by basic strategies or free guides to trade an uptrend by buying (shorting) when the price […]
Whether you trade options, binary options, or forex, if you use forex charts, you may notice a couple strange things at first. Here we will look at some simple concepts to help you better understand the forex market and forex charts. Pairs and Trend Direction Currencies always trade in pairs – the EUR/USD, AUD/CAD etc. […]
Had dinner last night with a few other traders, and one topic that came up was how many stocks/forex pairs/etc each trader watches. We all concluded that typically day trading 3 to 5 provided a good assortment of opportunities, but more than that and it could actually be detrimental. That was just our number, yours […]
There is a great allure to ditching the office and venturing off to make a living on your own. Trading is a great way to earn a living, but it isn’t all roses and it isn’t easy. If you are considering trading as a primary income stream, or have recently begun a career as a […]
It surprises me that people just don’t seem to learn from history. What am I talking about? A new binary options fraud the level of which I have never seen since Banc De Binary’s attempt to enter the U.S. market. They tried to use press releases, false addresses and misleading information to lure the public […]
In former articles I have talked a lot about utilizing multiple time frames to make trading decisions, as well as discussing strategies for making trades. These can seem like independent topics though, and sometimes traders aren’t sure how to combine looking at multiple time frames, and then deciding when to pull the trigger on a […]
A recent discussion with fellow traders brought up the query “Can we be taught to trade?” There were wide ranging views, opinions, studies and personal stories brought up, and needless to say it was a very engaging, and at times heated, debate. Not many traders think about this question when they start trading. Most of […]