Posts by trader7757

Use Fibonacci Retracements to Enhance Your Day Trading

By , 24 June, 2010, 1 Comment

Fibonacci retracements are one of the most talked about tools in a traders arsenal. Yet, they are consistently misused and poorly understood. Used properly, Fibonacci retracements can be a very valuable asset to your trading, but they must be use with precision and in the proper context.

How can you profit in the current Gold Market?

By , 18 June, 2010, No Comment

Gold has been reaching new high of late. Many are wondering just how high it can go. The video today outlines four different scenarios in which you can profit from the rise in gold.

Day Trading: Do You Find Yourself Falling in Love

By , 10 June, 2010, 1 Comment

Once the novice trader has proven his or her competence in basic trading, he or she has started down the path to trading success. Day trading skills are important to assimilate in a timely manner and hone with a solid dose of demo account trading, followed by live trading on the contract they have chosen. In the day trading world though, chart reading skills and trading experience are only one part of the equation for success. The next component in a successful traders skill set is the ability to manage trades.

E-mini Trading Professor Course

By , 6 May, 2010, No Comment

# You will learn exactly what needs to happen in the market for you to take a trade…at any given time during the day, you will know exactly what needs to set up before actually taking a trade. You will also learn when to step aside and not to trade at all.
# You will learn how to think and how to act like a professional trader by following certain trade criteria, which in turn will help you develop the necessary psychological-emotional approach it takes to become successful. Few traders ever learn this, which is one reason beginning traders fail.

Is E-Mini Day Trading a Risky Proposition

By , 5 May, 2010, No Comment

There is a general perception that day trading futures contracts is a highly risky business and not for the faint of heart. Day trading can be a very risky business, especially when traders use poor money management techniques, faulty trading technique, and improper risk assessment for trades. For the uninitiated, day trading is a great way to lose a nice chunk of money.

A Great Way to Earn Money On the Internet: Day Trading

By , 1 May, 2010, 1 Comment

I still use simple indicators and am highly successful. You don’t need fancy computers or even elaborate computer programs to trade successfully on your computer. It’s actually a very simple exercise, and there are even practice accounts where you can hone you trading skills until you become proficient. Demo accounts are like real accounts except you are not trading real money, you are just trading hypothetical money.

This trade didn’t go exactly as I planned

By , 28 April, 2010, No Comment

I thought that this might be a good video to watch as I had to scramble a bit to salvage a gain from the trade.  The darn thing almost stopped out for a gain three of four times but stopped one tick short.  I finally had to move my stop up to 7 ticks as the market started to consolidate and I worried that the trade would go south.  It was a pretty interesting trade and I actually had to think a little as the trade played out.  Did I do the right thing?  Let me know what you think.

What Type of Investment to Trade: Futures, Stocks or Forex

By , 26 April, 2010, No Comment

In recent years another investment class has appeared and it is called Forex. Opinions on the Forex market range from a wholehearted acceptance of the investment to some investors who are, to say the least, very wary of the Forex market. I trade the Forex market from time to time and have not encountered any of the alleged horror stories some investors claim occur. But I think it is important to note that the Forex market, as opposed to the stock and futures markets, has very little transparency.

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