09th April 2006
Any trader on line needs to set stops. But there are no hard and fast rules to follow. You,need to develop a system that fits your trading style. This means you need to follow your trading plan. However, there are a few tips I can share with you about sto...
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01st April 2006
Sometimes it`s wise not to be the early bird when investing in forex, instead wait and see what the day will bring before you take action. The 10 A.M. rule is a great example of this concept, and is an example that protects your capital. Let`s say you wan...
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11th March 2006
Like the Knights of the Round Table, novice traders often search diligently to find their own Holy Grail, the perfect indicator(s) that will lead them to fabulous trading successes. It is the silver bullet that will slay the market for them. But, searchin...
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05th March 2006
Why should you want to steal someone else`s stock market lesson plans?
First, let me tell you that a trading plan is only useful if you follow it. Following your plan will make you successful, yet many traders circumvent the stock market lesson plans ...
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20th February 2006
To make money in the stock market, setting stops is an imprecise science and involves a lot of trial and error, but it is an integral part of being a successful trader. A good analogy is to compare stops to buying insurance for your business. Should you a...
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20th February 2006
In Part 2, of Designing a Trading System in MetaStock I covered how to code the first two of the four major components of a mechanical entry system. I had explained the coding of price and liquidity. In this article, I will cover the steps for coding the ...
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20th February 2006
How personal money management works: In the markets it`s possible to be right, and to still lose money. In fact, it`s pretty common. Traders who win on a high percentage of their trades often end up with their capital eaten away, and nothing to show for t...
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12th February 2006
A trailing stop loss is calculated in a manner like the way we calculated our initial stop loss. The only difference being that while we calculated our stop loss from the entry price, we're calculating our trailing stop loss from the highest price since e...
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12th February 2006
Everyone makes mistakes in the markets. But, how do you bounce back and pull back from a bad trade? There's really no such thing as a perfect trader, and don't believe anyone who says they've never had a loss. They have, and if they are any good, they've ...
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12th February 2006
Nothing we do in society prepares us to function effectively in the commodity markets and an environment with no real boundaries. But, most of us are brought up to function well in society, so we`ve acquired strategies for fulfilling our needs and desires...
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12th February 2006
In Part 1 of this article, I discussed the importance of sector analysis, and the use of the Relative Strength Comparison to identify the best performing securities in the best performing sectors. In Part 2, I will show you how to use MetaStock to find th...
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31st December 2005
Why does one Forex traders succeed and another fail? What sets the winners apart from the losers? Well, you won`t be surprised to know that there are certain characteristics that all successful Forex traders share. While many investors take actions that a...
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31st December 2005
Some commodity Stock Trading Application rules are made to be broken, but when you`re trading, there are some rules are meant to be followed. Here some of the Stock Trading Application rules that I consider the most important principles of trading. I sugg...
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24th December 2005
Socrates said that we are what we repeatedly do. Excellence, then, is a habit. Without realizing it, most people fall into patterns of behaviour that quickly turns into habits. Everyone knows how hard it is to break a bad habit, so it`s worth you while to...
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24th December 2005
There are two types of stops that you will use constantly as a trader, protective stops and trailing stops. When looking at your options online trading cost, generally, positions start out with protective stops to guard your investment, and move to traili...
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