Taking profit is one of the most neglected topic among traders. The typical learning cycle goes this way. Trader thinks that the trade entry is all that matters. Trader depletes his trading capital and realised that he has overlooked stop-losses. Time to focus on stop-losses. Trader feels frustrated when he sees his paper profits vanish again and again. Only then, he realises […]
Price Action Trading Strategies (Beyond Price Patterns)
Most price action trading strategies revolve around price action patterns like Pin Bar, Inside Bar and Engulfing Pattern. As a result, many traders equate price action trading strategies with price action patterns. The truth is that price action patterns merely form a subset of price action trading strategies. For instance, a Pin Bar is simply […]
How To Increase Your Trading Profits by 3729% And Cut Commissions by 80%
Am I selling a black-box trading system? Or a well-kept break-through technique to turbo-charge your trading profits? No, you don’t have to pay a single cent for this. And there is nothing secretive about what I am going to share. Some of you might already know what is coming, especially those who have kept excellent […]
How To Choose Your Day Trading Software?
What comes to your mind when you think of day trading software? If you are thinking of forex robots that will make you millions as you sleep, this article will waste your time. But if you are thinking of tools to help you trade, chart, and analyze better, you will want to read on. Day […]
9 Ways to Simplify Day Trading
Day trading is not easy, but it can certainly be simple. Keeping things simple is a mark of professional traders. Simplify day trading by following these nine steps. 1. De-clutter your trading desk Day traders spend long hours at their trading desk. Having a clean and organized work space helps to simplify the trading environment. […]
Why You Must Have An Initial Stop Loss?
A stop-loss order is a trade order to close your position when the market moves against you. Some traders don’t believe in using stop losses. These traders have been stopped out right before watching the price move in their favor again. They remember these painful experiences. They remember them too well. As a result, they believe […]
