When Should You Exit Your Trades?
In the beginning, the excitement is overwhelming and it’s almost irresistible not to place a trade. Whether you’re beginning or still developing a trading strategy, it pays to sit and watch price action without placing any trades.To Doji or Not To Doji
As you begin your study of Japanese candlesticks, we have to ask the question: To Doji or Not to Doji. You may ask what exactly is a doji. According to Wikipedia, The doji is a commonly found pattern in a candlestick chart of financially traded assets (stocks, bonds, futures, etc). It is characterized by being small in length-meaning a small trading range-with an opening and closing price that are virtually equal.Why You Shouldn’t Listen To Financial Talking Heads
The scariest people that futures, forex and commodities traders have to deal with are the “predictors.” Usually, these are the talking head “experts” on television, who claim to know exactly where a market is headed. If you are trading any instrument at all, you absolutely need to avoid these folks. So, who are they, why are they popular, and why should you avoid them?
Foreign exchange trading market is a market, where currencies of different economy are traded. Here, currencies are bought and sold against each other’s value. This trading market is the largest market in the world, as over a thousand billion dollars are traded in a single day.Penny Stock Trading and the Importance of Avoiding High Commissions
Trading Penny Stocks brings along additional risks while trading as compared with more traditional, higher priced stocks. When talking about Penny Stocks, different people have varying definitions of what they actually are. Many traders and investors consider stocks priced below $5.00 fall into this category while others have a price ceiling of $2.00 or even $1.00.