Forex Demo Account – The Best Way to Start Trading Forex
Most Forex brokers would allow their customers to experience what forex trading is like by offering them to play with fake money on Forex demo accounts. Try it before you start trading with real money.Know Yourself and Your Fellow Investors
We review certain aspects of individual and market behavior that are commonly observed in the stock markets. This will help you understand how and why people act in the manner that they do when they enter into stock market transactions. This knowledge will help you to understand not only your own behavior but also give you a deeper insight into the causes and motivations behind the behavior of your fellow investors.Stock Day Trading – Combining System Trading & Discretionary Trading Into a More Effective Approach
New and experienced stock day traders alike grapple with an all important question: Which method is the best approach to stock day trading, a system approach or a discretionary approach? While each approach has its advantages and disadvantages, the correct answer may, in fact, be a combination of the two approaches. System trading means creating a strict set of objective and mechanical rules for identifying if a trade opportunity exists, when should you enter the trade, and how do you exit the trade.
How does the Open Outcry system of trading work? What are some of the exchanges that utilize this type of trading?Stocks Day Trading Using Day Type Price Patterns
If you have ever day traded stocks then most likely there have been times when you received a day trading signal from your system to go long a stock at the same time that the market indices (i.e., S&P, Dow, and Nasdaq) were solidly trending down. Or maybe, your system produced a short signal on a stock when the overall stock market was in a runaway uptrend. For most day traders, taking trades against the currents of the market indices leaves an uncomfortable feeling in the stomach.