Scalping is a negotiation style that specializes in taking advantage of small price changes, usually after a transaction is made and becomes profitable. This requires the merchant to have a strict exit strategy because a large loss can eliminate many of the small profits a merchant obtains. The right tools are needed, such as live broadcasts, direct access brokers and … [Read more...] about Fast Scalping Minutes
Trading article
6 Tips To Stay In Forex Market
Based on statistics, some 80 to 90% of traders lose consistently for the long term during trading. Even a lot of traders who can not survive in the first year. Therefore I have a little tips for traders who have just jumped in forex. Can not be denied, the world of Forex is very adrenaline. This is what usually makes people lose common sense during trading. One of the most … [Read more...] about 6 Tips To Stay In Forex Market
4 Levels to Be Passed to Become a Successful Forex Trader
Level 1: Baby (Enthusiastic Beginner)At this stage, traders are usually in a period of enthusiasm for the first time to know forex. Usually traders at this stage is a new trader who knows forex, whether it's from the internet, books, seminar workshops or from friends. In this stage, traders will assume that trading can bring tremendous profits and they will assume they can … [Read more...] about 4 Levels to Be Passed to Become a Successful Forex Trader
Fix your Psychology
This article was written by Dr.Brett N. Steenbarger, Ph.D., an active trader who is also professor in psychology at Behavioral Sciences at SUNY Upstate Medical University. He is also a columnist for the MSN Money website (www.moneycentral.com), Stocks Futures and Options Magazine (www.sfomag.com) and Greatspeculations.com. His famous book is 'The Psychology of Trading' (Wiley, … [Read more...] about Fix your Psychology
Day Trading and Swing Trade
The time frame in which traders choose to trade can have a significant impact on trading strategies and profitability. Daily traders open and close several positions in one day, while swing traders take trades that last several days, weeks or even months. These two different trading styles can be adapted to various traders depending on the amount of capital available, time … [Read more...] about Day Trading and Swing Trade