Most new traders start by learning the trading strategies of other traders. I began my trading career this way as well. But, many traders ask, how do I get started with my trading strategy? The good news: Creating your first trading strategy is easy. The bad news: Creating a profitable trading strategy is hard. Start […]
9 Day Trading Mistakes That Will Ruin You
Day trading is not a matter of checking off to-do items. It’s a long journey of making mistakes. You will continue to make the same mistakes for a long time without even realising. If you stay in the game long enough, eventually, you will learn to recognise the mistakes. But that’s still a long way […]
Don’t Start Paper Trading Unless You Follow These 10 Rules
Have you considered paper trading as a way to learn about the markets risk-free? Paper trading (or virtual trading) has many benefits. The most important one is to verify your trading edge without putting your money at risk. Most would agree that aspiring traders have much to gain from trading in simulation mode. What you may not […]
What Is The Best Price Action Trading Time Frame?
Every day, I get questions from people looking to trade better. A common question is what is the best time frame for price action trading. Some of them are looking for a magical time frame that will bring them profits. Others are looking for a starting point to tinker with. And it’s no wonder. A time […]
4 Practical Day Trading Tips For the Price Action Trader
Learning how to trade with price action is like learning how to fight. With a burst of punches, you can overcome your opponent with brute force. Or you can step back, and quickly end the fight with one swift strike. Each fight is different, and there is no right way to do it, as long […]
How to Use the Relative Strength Indicator (RSI) for Day Trading
J. Welles Wilder is a giant in the field of technical analysis. In “New Concepts in Technical Trading Systems”, he introduced an array of trading indicators. Now, these indicators are among the most popular. And one of them is the Relative Strength Indicator (RSI). The default RSI setting of 14 periods work well for swing traders. […]
