At the end of each quarter, I like to see how the market has performed in comparison to the last quarter. Seeing as we are nearing the end of Q2 of 2009, we are starting to crunch the numbers.
So here goes:
Data for the end of Q2 is based on intra-day prices traded on Friday the 26th, of June.
Continue reading "Quarterly chart changes give hints to future trends"
I've asked Bob Iaccino from TraderOutlook.com to come back and give us a short article on "The Psychology of Loss" as a LOT of people have recently dealt with it. Bob's written two previous articles which you can find through this link. Please enjoy the article and visit Bob's site TraderOutlook.com for more great info.
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At TraderOutlook.com we spend most of our time educating our clients in our technical trading models. We give specific levels for entry, profit and stop loss and spend a much smaller amount of our time on trading psychology. Trading psychology may, however, be the most important part of the equation and the most important part of trading psychology is the psychology of loss.
Continue reading "The Psychology of Loss"
At MarketClub we cover all major and minor Forex pairs in real-time, and their popularity is growing by the day. Traffic to our Forex pages is almost double what it was less then two years ago, and with all the great Forex material (including this post by Bill) I asked Jason Gospodarek from FastPips.com to throw his knowledge into the mix and give us thirteen Forex tips that we ALL can use! Please enjoy the article and if you have any additional tips we want to hear them!
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At FastPips.com our goal is simple. We want to help you learn how to create a profitable trading business by executing low-risk, high-reward trades in the best market conditions possible.
#13: Back-test, but be logical. Back-testing a given strategy can prove priceless when done correctly, but remember to take the results with a grain of salt. Be especially wary of trade results shown on websites claiming astronomical gains since most of these results simply are not attainable under live market conditions for many reasons.
#12: Always analyze similar pairs in the forex market before placing any trade. Similar pairs can be defined as any tradable currency pair containing 1 of the 2 currencies you are about to trade. For example, by looking at no less than 4 US Dollar pairs before trading, one can determine if the pair will be moving based mostly on the US Dollar or the opposing currency. This can easily be done with the Japanese Yen and others as well.
Even though there are hundreds of indicators out there, people still can't find one (or a few) that fit their trading style and methodology. I've been a fan of Greg Fisher from Median-Line-Study.com, and his work for a while now. Today I've asked him to teach us a little more about the Median Line AKA Andrews' Pitchfork. Please leave him some comments with your thoughts and questions!
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Imagine having the ability to draw a single line - the Median Line - on any stock, forex, or futures price chart, and know there is a high probability prices will reach that line. That is exactly what the late Dr. Alan H. Andrews proposed in his “Action/Reaction Course” in technical analysis of the markets in the 1960’s and 1970’s.
The method is more commonly known today as Andrews' pitchfork. However, as I have learned from several of the students that took Andrews' course - he hated the term pitchfork!
It's funny how many of these "lists" you come across, but the interesting thing is no matter how many lists you read through...you always pull something useful out of them! I believe this list is no different, but that's just me! Amey from TheWildInvestor.com and creator of SpeakStocks.com, has put together this list and would like to hear your feedback!
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This is not like any other ABC list you might have come across about trading stocks. There are no real terms here. The following is the ABC’s of successful stock trading.
A – Action, nothing happens until you DO SOMETHING.
B – Bear trap, don’t get sucked into it.
C – Cash, not making too much when you are holding cash.
D – Due diligence, don’t jump into a position blindly.
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