In Continuation of previous Article Secrets of Highly Profitable Traders Part-1 1. Passion and Fire to Keep going The most successful traders are passionate about what they do. They love trading however taxing it might become and they are ready to put lot of hard work.With such a trader, you will find that the trader enjoys… Read More »
Developed by George C. Lane in the late 1950s, the Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods. According to an interview with Lane, The Stochastic Oscillator “doesn’t follow price, it doesn’t follow volume or anything like that. It… Read More »
Some of today’s great trading philosophies actually date back to the early to mid-1900s.And W.D. Gann, Jesse Livermore and Richard D. Wyckoff all were considered “market mavens” of that time,according to author Jim Wyckoff. “They stressed hard work and preparation as pre-conditions for successful trading of markets. Their work is still valid and renowned by… Read More »
Big Swings came in market in August and many traders emotions were high as Markets were swinging wildly.Many traders “Hoped” of making a killing and few are living in “Regret” of missing the rally. Lets analyze both Hope and Regret emotions and understand how these are fatal for your trading career. Hope Hope is a… Read More »
Discipline your self: This is what helps one to gain in the market. When the market movements as per your trading setup asks you to enter, book profit or loss just obey it. Do not let your emotion enter here thinking you will beat the market. You can always enter the position later on instead of… Read More »
Trading is one of the most exciting and money making profession.As a new trader and hearing the success stories of few people making million in short time it is tempting to jump in as early as possible head first and seek out those high profits for minimal work.However, the truth is trading has also made… Read More »
No trader can or should play the market all the time. There will be many times when you should be out of the market, sitting in cash waiting patiently for the perfect trade…. ” – Jesse Livermore “It is foolhardy to make a second trade, if your first trade shows you a loss…. As an… Read More »
Highly profitable traders are not born, they are made. They do not rely on pure luck to make consistent earnings but on their calculated moves when trading in stocks/Forex/commodities. Today lets discuss the Qualities of Top trader. 1. Discipline Without discipline, none of the other qualities matter. It is possible for any trader to invest… Read More »
We have read the stories, heard the rags to riches stories, and even known real people close to us who just quit their lucrative day jobs to become a full time trader. Unfortunately, living the trading dream is not for everyone. Some people are simply not suitable for trading, probably due to their personal disposition,… Read More »
Many traders i have trained during my training classes have confessed they were devastated by there single loss. A single loss was so deep that Market forced them out of the game.The point i want to traders to understand a loss should never be so devastating to the end result that you are thrown out… Read More »