Trading For Tough Times
We’ve recently had extreme market volatility and the collapse of some major players. What can the individual trader do to survive and thrive in the face of uncertainty?
Is Trading the Same as Gambling?
If you are contemplating trading, whether stock trading, forex trading or futures trading, someone has probably said to you “That’s just gambling!”. Is trading really the same as gambling? What are the similarities and differences? This article compares and contrasts the profession of trading against gambling and gives you some answers to this question.
Choosing Your Trading Timeframes
There’s always a lot of talk about selecting the right trading system, that generates the right entry signals and exit signals, but how about the timeframe? By timeframe, I mean the frequency of data that you will use to determine whether to enter and exit the market, and the length of time you intend to hold a position. This is as much a driver of investment performance as stop losses or trading systems, but is seldom considered. Read on to find out how to select the timeframe that maximises your trading profits.
Setting Up Your Trading Room
This article is all about setting yourself up to start trading by establishing a place where you can do your trading. There are many aspects of this that are overlooked, but the right setup and working environment can make your trading life easier rather than harder. For most small traders, you’ll be trading from home.
When I worked in banking, I used to often visit the treasury trading room to ask them to hedge my positions. The room had a raised floor, multiple screens per dealer, special lighting and dedicated data feeds and their own IT staff. The bank had spent money to provide the right tools for the job. You don’t need to go to such lengths, but you can also setup your home office environment as a trading room.
Should You Trade?
Virtually anyone can master the basics of trading, and lack of capital is not an obstacle for the average person, but are you cut out to be a trader? Not everyone has the requisite skills and outlook, but anyone can transform themselves by modeling their behaviour on successful traders. This article identifies the characteristics of successful traders.
Identifying a Trend
Identifying the current trend and the change in a trend is where money is made by traders. If you look at any price chart, you will see trends, but what is a trend, why does it occur, and how can you identify it?
What Are Trends and Why Do They Occur?
This article is about trends, and why they occur. Learn why trends are important in trading.
Charting Basics
Charting is a subset of technical analysis, and involves finding patterns on charts that indicate future price direction. It is a favourite activity of traders, that is why you see so many price charts on the Internet. This article discusses basics of charting to help you get started. Read more…