Originally published at 5 Simple Rules for Building a Copy Portfolio
Tuesday, 4 April 2017
Monday, 13 March 2017
The question has been raised on whether, or not the Fed is readying markets for a Sep hike. Risk aversion has struck financial markets at the beginning of the week because of the swelling Fed rate hike speculation tanked the shares and bolstered the anti risk Japanese Yen. There is a lot of uncertainty in this area.
Originally published at Webinar: Is the Fed Readying Markets for a Sep Hike?
Friday, 10 March 2017
In trading, it is very easy to make our life harder than actually needed. Most people, instead of picking the easy ones, try to fight the market for whatever reasons, and as a result, overtrade, and get into trades that are hard to manage, thus they make more mistakes, leading to worse results and tilt, and so on. Does it really have to be that way? Of course not. In this article, I want to show you what an “easy” trade looks like, and what “hard” trades look in comparison when trading my swing trading strategy. Ready? Let’s go.
- Most people, instead of picking the easy ones, try to fight the market and end up overtrading and getting into hard to manage trades leading to more mistakes and worse results.
- Only trading charts that appeal to you visually makes it easier for you to manage your trade, hold your trade, and exit your trade, leaving much less room for mistakes.
- Look for S/R levels, divergences, trend lines, and macro structures: triangles, horizontal ranges, head & shoulders, double tops and triple tops / bottoms.
"I think it is incredibly important to only trade charts that appeal to you visually, as this will make it much easier for you to manage your trade, hold your trade, and exit your trade, thus leaving much less room for making mistakes. This makes our life easier."
Originally published at How To Pick Easy Swing Trades
A good number of forex newbies I’ve talked to have shared that they’d prefer day trading or scalping when trading currencies. And why not? Putting quick and multiple trades a day increases the chance of winning trades. Trading for short periods also means that you’ll make money AND have time for other pursuits like sports, hobbies, and SOCIAL LIFE…right?
- Short-term trades CAN be profitable. The key is to learn the strengths and weaknesses of day trading and adjust your expectations and strategies accordingly.
- In order to make profits, you’ll have to earn more pips than your broker charges. Talk to your broker about their spread/commission terms so that you won’t be blindsided.
- The pressure of quickly pricing in information, placing orders, and trading larger positions increases the possibility of making trading mistakes.
"The number one reason why new traders fail is not because they suck, but because they are undercapitalized"
Originally published at 5 Things to Consider When Scalping or Day Trading
Thursday, 9 March 2017
Those that succeed ask “How can I average 15-20% per year on my investment and lessen the tax burden?” The average person will ask “Why can’t I lose weight?” Those that succeed ask “How can I decrease body fat while I maintain muscle mass that I am comfortable with without a starvation diet?”
- How you ask questions matters. Those that succeed speak to themselves and ask questions much differently than those that are average. Apply that to your trading questions.
- Top traders will say that their system of trading is less important to their success than the “why” behind their trading and understanding how important controlling risk is to success.
- Many people are approaching trading with a mindset that is not conducive to succeeding. They need to start thinking about risks, expectancy, and exits.
"Looking at my results or those of anybody else have no bearing on your success or failure. Bottom line, know that information of how much someone makes will both not help you or have any impact on your results."
Originally published at Don’t Ask These Trading Questions
With all the marketing going on in regards to the business of trading, one important variable that gets left behind is trading psychology. It’s not the sexiest of topics but is one that is vital to a complete package trader. Not dealing with the issues that we all face as traders such as losing streaks, stress and the transition from demo to live trading, will make it difficult to gain much traction on the success road.
- There are different methodologies to taming psychological problems that can arise when trading stocks.
- The psychology of losing streaks can be overcome by taking certain steps that is important to coming back from losing streaks in the market.
- It is also important to overcome anxiety when it comes to market trading and this can also be overcome.
"Even long time traders still suffer from psychological issues related to trading. While certainly not an exhaustive list of issues we face, here are 3 common problems and suggestions on how to deal with them."
Originally published at 3 Ways To Tame Trading Psychology Problems