Many people are attracted to day trading on the futures market with the prospect of rapid immediate results and large profits from the leverage enjoyed. It needs a particular type of approach and trading strategy to withstand the pace and emotion of day trading, but the rewards can be high.
By definition, daytrading means that no [...]
There are competing definitions of scalping, but the most common understanding of it is the practice of fast trading, and making profits from very small movements in price. Unlike buy and hold or even swing trading, the scalper is content to take small certain profits and many of them. The risk/return ratio on each trade [...]
Your trading plan is important, yes, but many would-be traders have excellent plans and still find it difficult to make money. In fact, 80% to 90% of beginners fail and give up trading. With the availability of so much information about strategies and money management, these figures are hard to believe, but nonetheless true. The [...]
Trading the news is a technique that is used a lot on the Forex markets, and can also be used with stocks and other financial instruments. Its proponents point to the logical value of following news announcements, but in practice trading the news may prove to be difficult to implement.
It is easy to see that [...]
One of the issues that many beginning traders struggle with is the matter of setting trading goals. Perhaps someone has been attracted to trading by tales of fortunes to be made, and has unrealistic expectations. On the other hand, some traders have no idea just how much they should expect to make each day.
Any good [...]
