What makes people switch to trading for a living? What do you think it is about trading that: Makes them get all excited about the idea? Compels them to cast aside a predictable salary? Draws them to the slim chance of making it as a capital markets trader? It turns out … [Read more...] about Trading For A Living: 5 Truths To Understand
Candlestick chart patterns are a powerful tool to gain an edge on the market. The first recorded use of the technique was Japanese rice traders who drew charts by hand during the 1800’s. In 1991 Steve Nison's book introduced the method to the West. Japanese Candlestick Charting … [Read more...] about Candlestick Chart Patterns: 3 Types To Master
Chart pattern trading and time frames go together. If you use chart patterns and are connected to the technical trading world, then you've likely wondered about time frames. There are so many intervals to choose from: 5 minute, 10 minute, 60 minute 100 tick, 233 tick, 1000 … [Read more...] about Chart Pattern Trading: Which Timeframe Is Best?
A chasm exists between lovers and haters of penny stocks. Traders on both sides of the argument are quick to put in their two cents (pun intended). So a big question remains about the hottest penny stocks... Is it smart to follow the crowd? My answer is a resounding … [Read more...] about Hottest Penny Stocks: Following The Crowd
Trading charts are the cornerstone of a career in the markets. If you’re a trader, you might hear these questions a lot. Which type of chart is best? Which timeframe is the best? Capable, knowledgeable traders look past these trivial curiosities of the non-profitable. OHLC, … [Read more...] about Trading Charts: Which Type Is Best?
Entry, entry, entry. Sometimes it seems like that's all most traders like to focus on. But let’s go past the initial buy or sell order for a moment and focus on trading exit strategies. So much of the trading industry gets stuck on stock picks and entry signals. Everything seems … [Read more...] about Trading Exit Strategies: 7 Big Mistakes To Avoid