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 […]
Many binary options traders got started trading in the forex markets. They shifted to binary because the mechanics of trading were simpler, not because the analysis was any different. For that reason, the analysis is the same, it makes sense that a solid forex strategy would work just as well for binary options. This is […]
Williams %R is an indicator similar to the Stochastic Oscillator, but calculated a bit differently. Developed by Larry Williams the indicator reflects the difference between the high, low and the current price over a look back period. Generally that look back period is 14, which could based on any time frame, such as 1-minute, 5-minute, […]
The last few days have produced some bigger movements, and whether swing trading or day trading I always prefer to trade in an environment where the price is moving strongly. When price can sustain its direction, it is much easier to make money than when the price is barely moving and grinding back and forth. […]
For most traders Andrews Pitchfork is a technical analysis tool you may have applied to your chart once or twice, fooled around with it, but couldn’t really understand what it was supposed to do. Well, basically it provides support and resistance levels, and can therefore be used to confirm trends and spot reversals. Andrews’ Pitchfork […]
Trend extrapolation is when you assume a current trend will persist, and thus make predictions out into the future based on the current trend. Now sometimes this can be good, for as we have all heard” The trend is your friend…until it bends.” And trends do inevitably bend the other way. I prefer to trade […]
A web site I just reviewed made a statement that is sticking with me; “you got to have a good strategy”. That is only too true, a good strategy is a corner stone of a great binary options trading system. Systems include fundamental as well as technical analysis and money management in addition to a […]
“What! But growing up I was told we are all unique!” We all have different personalities, skills and tendencies, but when it comes to trading we aren’t unique. By that I mean we all trade the same markets, which levels the playing field. Because the market is composed of such a wide array of people, […]
The cycles discussed here are longer-term cycles, and not pressingly relevant to short-term traders. Yet, by seeing these cycles and understanding how cycles work, you may be able to find your own cycles and cycle strategies for trading on shorter time frames. And if nothing else, knowing about these cycles can make you sound very […]