If you want to start trading the stock market, one important thing you need to decide before you begin is your trading timeframe.
Knowing this will help you decide what strategies are best for you and how much time you need to devote to trading.
So what types of trading timeframes are there?
Let's take a closer look…
Trading timeframe #1: Day trading
A day trader is in and out ... ››› more
It sounds too good to be true - Earning a good second income from just thirty to sixty minutes trading a day. It's a classic, less-is-more scenario, and it fits perfectly around your other commitments.
Today I'll show you how it's not only possible, but that trading around your day job certainly make you a better trader!
Naturally, it doesn’t make sense
When you’re mak... ››› more
"Hi Timon, I read an article by Marc Ashton who disagrees with your article ‘Five reasons you should start day-trading today'! What are your thoughts on these issues?"
This was a question asked by L.Y on the investorsclub.co.za.
I read the article by Marc Ashton, and that's the great thing about free speech…
Everyone is entitled to their opinion. In fact, his article was quite rea... ››› more
The average directional index (ADX) is a very useful trend strength indicator for intraday traders. It's good for fading overly aggressive intraday moves. A common approach for this is using Bollinger bands, but the ADX can give a real clue to whether you're looking at a sustained move or something that is likely to reverse quite quickly. Let's take a closer look at how to use it…
The average ... ››› more
ADX stands for average directional index. It's a trend strength indicator. It gives you an idea of the strength of a trend and you would typically use it alongside a directional indicator, like the DMI (directional movement index). Let's take a closer look at how you can use this indicator to show you if the market is trending…
The idea of ADX is very simple, Max Munroe in Forex Round-Up expla... ››› more
If you like to go after intraday profits from forex, there's an indicator which may be right up your street. It's the Average Directional Index, or ADX. It's a trend strength indicator. It gives you an idea of the strength of a trend. Let's take a closer look at the ADX…
You would typically use the ADX alongside a directional indicator, like the DMI (Directional Movement Index), Max Munroe in ... ››› more
The biggest mistake you can make as a trader - even before you put a cent into the market - is not knowing what type of trading you want to do. Do you want to make money trading the ‘noise' or trading the ‘move'? Not understanding the difference between the two - and, more importantly, which one suits you best - can be the difference between being a successful trader or a trader who only loses... ››› more
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