Have you ever tried to learn something, but couldn't wrap your head around it? Maybe a language? Or a new skill?
Do you remember the times in school, or maybe even in college, when you just stared at your text book and just couldn't understand what you were reading?
In this article you will learn the fastest way to learn to trade. The key is the way HOW you learn new concepts.Continue reading
Before reading anything else, read THIS article!
In this article you will learn about the three areas you MUST master as a trader.
If you fail in any one of these areas, you will fail as a trader.
Click on Read Full Article to read this article.Continue reading
As a day trader, you should know the most important support and resistance levels. Have you ever entered a trade, just to watch the market move immediately against you? Did you feel like there was some unseen wall, or some sort of “magic” price level that everyone knew about except for you? In reality there’s little magic involved, and what you do with support and resistance levels is ultimately more important that the levels themselves. But there are key price levels that traders should watch if you’re serious about day trading. In this article I'll share the 5 most important support and resistance levels for day trading. What Is SupportContinue reading
The story of the "Turtle Traders" is probably one of the greatest trading stories of all times. It started with Richard Dennis and Bill Eckhardt, two great commodity traders, who argued about whether or not great traders were born or made. Richard believed he could TEACH people to become great traders, and Bill thought that they were born. So eventually they made a bet, and they took out ads in Barrons, The Wall Street Journal and NY Times, looking for individuals who wanted to become traders, but didn't have any trading experience. Turtle Traders Out of 1,000 applicants Richard recruited 13 people - and taught them his trading methods. HeContinue reading
On August 1, 2006 the agricultural futures started trading side-by-side, and a few months later the volume in the electronic grains surpassed the volume of the pit traded contracts. The volatility and nice trends attracted many traders, and today day trading the grains is more popular than ever. However, when trading the grains you should keep in mind that these markets "lock limit" when there are strong moves. A lock limit occurs when the trading price of a futures contract arrives at the exchanges predetermined limit price. At the lock limit, trades above or below the lock price are not executed. As a trader you want to avoid these situations,Continue reading
Today I received an email: Hi Markus, I bought your "The Complete Guide To Day Trading" book. In your book you said you have a setup that produce 90% winning trades. What is your setup for online day trading? It seems that this reader misunderstood what I wanted to say. I used this as an example for a highly curve-fitted trading strategy that will fail in real trading. Here's what I say in the book:Continue reading