Creating automated trading systems is a great skill to have for traders of any level. You can build full-fledged trading systems that trade without your constant supervision. You can also test your new trading ideas efficiently. You can get third parties to code your trading ideas. But you will save time and money by learning […]
Archives for 2017
How To Break Bad Trading Habits For Top Performance
As a trader, you don’t consciously respond to everything the market throws at you. As you gain experience, you form trading habits. And these habits have a significant impact on your trading results. According to a study from Duke University, 45% of our behaviors are habitual. [link to paper] If this applies to your trading, […]
How To Find The Intraday Market Bias With Price Action
The one thing that intraday traders hate is to get on the wrong side of the market. Fighting against the market bias is a drain on both your financial and emotional capital. Hence, setting the stage for the price action of the next trading session is a critical step. For a minimalist method, start with […]
7 Powerful Tips for Trading Breakouts
Trading breakouts is a popular trading method that captivates the attention of many new traders. It’s not surprising given that it throws up quick profits – when you get it right. Trading a breakout is not as easy as it seems. Breakout trades look notoriously easy when you look at a chart after a breakout. […]
The Renko Chart Trading Manual
Introduction – What is Renko Chart “Renko” comes from the Japanese word “renga” which means brick. Once you look at a Renko chart, you will understand why. The chart looks like a series of bricks placed at a 45-degree angle to each other. The two charts below show the striking differences between a regular candlestick […]
A Practical Guide To Price Action Trading
Price action trading is often touted as an elusive magic bullet for traders. But the truth is that it is neither elusive nor magical. It is not elusive. In fact, you can grasp the essential concepts of price action trading with ease. But it is not magical as well. Price action trading is a just one of […]
