Looking at a chart is like looking at a complex painting. Everyone has their own interpretation. Likewise, being able to see trade setups takes a trained eye and everyone has their own approach. Today, Duncan from Swing Trends is going to show us how he uses Gann Swing Charts to analyze futures.
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One of the largest problems in trading any kind of financial instrument is how to analyze price action. Present 10 different traders with a given candle chart and ask them to classify market trend, support and resistance and chart patterns and the chances are you will receive 10 different looking sets of analysis in return. Not only is it likely that traders will differ substantially in the important areas identified, present the same trader with the same chart, at a different time, it is highly likely that the two charts you will now have will be different to each other. Continue reading "Using Gann Swing Charts In Futures Trading..."
Category: General
Forex Expert Advisors....choosing the right one(s)
Today's post attempts to answer a question that has become very popular lately...how to choose an expert advisor. The popularity of Forex EA's is growing by the day and we asked Nick from Forex Monster to give us a heads up on what to look for when choosing an Expert Advisor. Please feel free to ask Nick any questions in the comments, or leave a comment about your OWN experience with a Forex EA.
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If you have any interest in trading Forex, then you've no doubt come across a staggering number of Expert Advisor's also known as EA's for short or “robots” due to the way they auto trade, meaning they place the trades for you. All you do is simply turn on your computer and that's the end of your involvement.
We get emails from people everyday asking us “which Expert Advisor should I use”. This question is a complicated one to answer in one or two sentences so we thought we'd take the time to give a more detailed explanation and hopefully give some tips on to decide whats right for you.
Continue reading "Forex Expert Advisors....choosing the right one(s)"
Happy 4th of July as we salute the Star Spangled Banner (Video)
From all of us at here at MarketClub, have a happy and safe 4th.
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How to Use Limit Orders to Your Advantage and Save $ Over Time
Today's post is on a very simple, yet often overlooked way to potentially gain an edge every time you trade. Hiro, the founder of the up and coming site My10000dollars.com is going to explain how he uses limit orders to save money when entering trades. Be sure to leave a comment and let us know your tips for saving money when executing trades.
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So you’re new to investing. Or maybe you’re an intermediate or perhaps even an advanced trader. Regardless of where you are in your investing career, there’s one trick that I’ve learned through the course of my investing experiences that really helps me gain a slight edge every time I trade. Over time, this strategy leads to a pretty significant amount that could be added to your overall gains. Continue reading "How to Use Limit Orders to Your Advantage and Save $ Over Time"
The Trading Journal Do's and Don'ts
Every time I ask Norman Hallett from TheDisciplinedTrader.com to "give us more" on a previous topic he's previously covered, he always delivers. What do I mean? Well, about a month ago Norman wrote a post discussing "Measuring your Trading Experience" and within the article he touched on an important part of many successful trader's daily routiens...a Trading Journal. So after many requests from readers Norman has come back to give us the BEST methods for writing and MAINTAINING a journal.
Please enjoy the article, to be notified when the upcoming The Disciplined Trader Intensive
Program will be held visit TheDisciplinedTrader.com to learn more, and please comment as much as you can below! We want to hear your journal story...or lack there of!
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In The Disciplined Trader Intensive Program, where we train traders of all modalities to be disciplined in their trading, one of the topics we delve into deeply is journaling. You see, journaling is the most effective way to self-evaluate your strengths and weaknesses as a trader, therefore allowing you to target specific problems for correction.
Here are two very popular basic questions about journaling that keep coming up in our Intensive along with answers that I hope will be helpful for your own journaling:
What is the purpose of having a trading journal?
