What Type of Trader Are You?

To Be A Day Trader Or Not To Be

When a person decides to learn how to trade financial markets, the initial realization of how much there is to learn can be quite overcome.  Most beginning traders are disillusioned into believing they will be able to turn $10,000 into several hundred thousand dollars in a year, but once a person begins trading, the harsh reality of how difficult trading is becomes very real.

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The Importance of Support and Resistance

Support and Resistance work, mostly because so many traders believe they work.  Over the years, I have found that working with www.ensignsoftware.com that the midpoints of Support and Resistance are often the strongest turning points.  In addition, after a Support and Resistance level is broken, there is often a short retracement  to check that level.

Is Open Outcry Futures Trading Dying?

Men in blazers, ties askew, arms waving, hands signaling frantically, yelling into an incomprehensible din, the floor covered with a snow of paper — that’s how all trading on the futures markets used to take place. It’s called open outcry trading and it is quickly going the way of the dinosaurs.

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Coping with Volatile Forex Events

We are adding a series of posts on Forex for the next few weeks because about 30% of the owners of the Futures Trading Secrets Course trade Forex.  These posts are timely, so be sure to subscribe now.

This week is festooned with important global economic data releases. Which are the most prominent and how could they impact your Forex trading? To answer these questions, let us first identify key USA events because these ones have the most ability to influence the global financial markets with the impact of their results.

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