Start a business, you need a plan. With no direction or planning for how you’ll make a profit, your business likely doomed. Trading is no different, if you want to succeed, you’ll need to think of trading like you would a business. After all, through your research, skills and ultimately your money you’re making an […]
Trendlines are an analysis method that every beginning trader should take the time to learn about and understand. Using price history to analyze the market is a powerful way to trade, as price is the only true indicator of market direction, upon which profits are made or losses realized. Trendlines are one tool used to […]
Good day traders, hope your Monday has been profitable! I’ve been reading a bit more on naked trading, or “indicator free” trading. I’ve really been drawn to the idea of trading with minimal amounts of indicators, and I’m beginning to see why you don’t need indicators. I am beginning to gather information from various professionals […]
Summary: My trading style is simply based off of price action, whole numbers, daily Fibonacci levels and daily Fibonacci pivot points. I analyze charts to find significant levels at which price will reverse. The only indicators I have on my charts are the Value Chart, 62 EMA, and 200 EMA. I almost never take trades […]
An uptrend can simply be defined as a series of higher-highs in price, coupled with higher-lows. In other words, the overall price direction is higher, even though the price will experience corrections along the way. A downtrend is a series of lower-high and lower-low price swings. These may seem like elementary principles, but in their […]
Watch a trend develop and you will see pullbacks along the way—brief counter-trend moves that quickly disappear as the trend re-emerges. Entering on these pullbacks can be lucrative, but most traders go about it the wrong way. They either enter too early when the pullback is still occurring–and then have to hope the pullback soon […]
If you’re looking to improve your trading, there is one area–above all–that you’ll need to address; it’s the mental-game. If you’ve said to yourself “I’m not going to each pizza for a whole month,” or “I’m going to work out three times a week at the gym” and then couldn’t follow through, your mental-game needs […]
3-8-13 Good day traders, I hope your day was well! I have some trades I made yesterday I want to go over. I didn’t have a good day yesterday trading, but it wasn’t horrible, I had a few losses but that’s expected in trading. The normal pairs I trade were a bit stagnant in a […]
3-6-13 Good day traders, hope everyone had many profitable trades today. After much thought, I believe I will try live trading soon. I’ve been demoing for about a year and the past several months I have been able to produce more winners than losers cumulatively. There is a psychological barrier that separates a demo account […]
The breakout is one of the most common binary options trading strategies, yet is often utilized ineffectively. You’re watching what you believe to be an important price level, you have your trade ready to go and then the breakout occurs. For a few minutes things look great and you’re in the money (ITM), only to […]