Seven Steps To Becoming a Successful Trader
This is a quick article about a book I read by professional trader, Alexander Elder. It is an awesome book and highly recommend it. Consider this my review.How To Day Trade For Income
Many successful day traders maintain that the cause behind the failure of most people to become successful day traders is simply laziness and ignorance. Ignorance in the sense that they don’t have a clear understanding of how the market works and laziness in the sense that they have not taken the time to learn it. This problem can be all but eliminated simply by using the services of a stock market mentor.The Most Valuable “Commodity” A Trader Can Have
This article is about how valuable “experience” with my trading strategy has been to me and why it is so important. The more experience you have, the more potential you have for becoming a consistently profitable trader.
Recently I wrote a short article on order flow trading and have received an unexpected number of inquiries about the nature of order flow trading (OFT). The common question centers on how to use the data presented by OFT programs. I should say from the onset that many order flow vendors (Note: I have no financial interest in any OFT vendor) promote their products as stand-alone products, though several suggest integrating order flow into your current e-mini trading system.Do You Sacrifice Profits In Search Of A Simple, Mechanical E-Mini Trading System?
It’s not unusual for trading prospects to ask me to if I could teach them “a simple e-mini trading system they can learn quickly.” If your goal is to master trading by purchasing a canned e-mini trading system that has simple indicators and churns out money like an ATM you will be disappointed in this article. The point of this short discussion is to contrast simple trading systems and complex trading systems and hopefully find a middle point that satisfies the need for precise trading.