If you've been following my Thursday Money Morning contributions over the last few weeks, you'll know we're slowly working through the important concepts in trading and technical analysis.
Last week, we covered some of the basics around risk management. If you missed it, you can find the article here.
But this week we’re tackling one of the most useful and often ignored as... ››› more
The forex market's a $5.3 trillion per day industry.
Every day more money than you could ever imagine changes hands.
If you know what you're doing, trading forex is a great way to grab a thick, rich slice of this money for yourself. Interested?
I bet you are.
But don't jump in before you know these five golden rules for forex trading success…
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There are literally thousands of technical trading strategies.
They range from complex, signal-generating algorithms to dirt simple “Day Trading Breakout Strategies”.
In fact, a “Day Trading Breakout Strategy” is so simple I can explain it fully in a single sentence:
Here is the strategy in just one sentence!
A “Day Trading Breakout Strategy” tells you to ride daily momen... ››› more
Last week, we published the kind of recommendation I prefer not to put into the public domain.
• First, it was a short-recommendation.
• Second it was a short-recommendation on an established, stable and, what most people would consider, blue-chip company.
• Third, it used a fairly advanced trading instrument that's often misunderstood by the general public.
But, in spite of these ... ››› more
Trends play a big part in trading. You shouldn't consider putting a trade on unless you know what the prevailing trend is.
The old adage, the trend is your friend, holds true. You should trade with the trend, it a profitable way of trading.
This is where trend lines come in…
The importance of a trend line
Trend lines are at the very heart of technical analysis. Making mone... ››› more
You've probably heard the stock market adage: The trend is your friend.
It is. The trend is something you should pay close attention to when you're trading. Trade against it and you're likely to lose money.
Let's take a look at why the trend is so important when it comes to trading…
Why you should trade with the trend
You should never disregard the trend or try to trade against it... ››› more
Every successful trader knows that the trend is your friend. Trading with the trend is one way to increase your chances of making profits in the market.
So how can you find out when a trend started? And how do you know when a trend ends?
To find this out, you need to use trend lines.
Read on to find out more about using trend lines…
How to find trends on charts
Trends are at th... ››› more
To be successful at trading you need to have a good strategy to follow and possess the discipline to apply it.
But if you ignore one key principle about trading, you can make things a lot harder for yourself.
This key principle is the trend is your friend.
Read on to find out why the trend really is your friend…
Why the trend really is your friend
When you trade, you’ll be a ... ››› more
You've most likely heard the stock market adage ‘the trend is your friend'.
As a trader, you might want to try to ignore a trend by attempting to time a turning point in the market.
But to improve your chances of trading success, you should trade with the trend.
The ins and outs of a trend
A trend describes the general direction in which a financial instrument mov... ››› more
Overtrading is the ruin of many traders.
What tends to happen is after having a run of winning trades, you keep putting on new trades with no real plan of action.
Your winning streak comes to an end and you start losing money. You struggle to make any winning trades and you continue to lose money.
This train of events can lead many traders to stop trading.
So how can you avoid overtrad... ››› more
Investing on the stock market is daunting. And this isn't only a problem for new investors, even experienced investors struggle with the decisions they make.
So it's important to know what the basics of successful investing are.
Read on to find out…
Nine things a successful investor should never forget
#1: There is no get-rich-quick route
You should have a minimum time horizon fo... ››› more
When you invest, you should follow a strategy. By sticking with your strategy you're more likely to remain disciplined and focused. And this pays off over the years.
Not following a strategy is likely to reflect in the performance of your portfolio.
If you're uncertain as to what sort of investment strategy to follow, here's one for you to weigh up…
Introducing momentum investing
... ››› more
In a nutshell, technical analysis is the study of market action using charts to forecast future price trends.
What's great about technical analysis is that once you understand the basics, you can apply your knowledge to any asset. For example, trading shares, currencies and commodities.
So what are the basic principles of technical analysis? And how do they work in practice?
Read on to fi... ››› more
Becoming a better and more successful forex trader takes time. You learn from your mistakes and experience.
So what can you do to help you become a better forex trader?
Read on to find out…
Forex trading tip #1: Look at the bigger picture
When you’re forex trading, it can be easy to look at only what’s going on right at the moment. Especially if you’re a short-term trader.
... ››› more
Technical analysis involves using charts to study what's happened in the past to predict price movements and future market trends.
And it's one of the most vital tools you can use to forecast the future movement of a currency.
What makes technical analysis useful when it comes to forex trading is the forex market tends to follow trends. And technical analysis is extremely useful to help you ... ››› more
Back when I was a banker, I had the unique privilege of being trusted by many wealthy executives. And one thing they all had in common was an almost uncanny ability to 'follow the money'.
In trading, that comes down to knowing how to trade strong price-action 'money flow' patterns in the charts, which I'm about to share with you.
Instantly choosing the strongest trading sign... ››› more
When you trade, it's so easy to fall into some bad habits. If you can identify these bad habits and stick to a few important principles, then you have the makings of a successful trader. To get you on the road to financial trading success, read on…
Successful trader ingredient #1: Be patient
Whatever type of financial trading you do, don’t be in a rush to put a trade on. If your targets ar... ››› more
When it comes to trading, and investing for that matter, there is one aspect that you'd do well to remember: The trend is your friend. If you trade against the trend, chances are you'll be worse off. Let's take a closer look at why the trend is your friend and why you should apply this to your trading…
The very next SMS you receive could ... ››› more
When it comes to staking your cash on the stock market, you want to know that you're making the right decision. Obviously the stock market isn't that easy to predict, but if you stick to some well-defined rules, you will become a more successful investor over time. Read on to uncover 20 timeless and simple principals to become a more successful investor…
Here are 20 rules that you should consi... ››› more
You've not doubt heard the stock market saying, the trend is your friend. But how do you know what the trend is? When the market is undoubtedly bullish, it's easy to see the uptrend, but sometimes it can be difficult to see. That's when you need to look at trend lines. Read on to find out why the trend line is basic market psychology at work…
Trend identification is the cornerstone of a succes... ››› more
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