Why Do So Many Day-Traders Fail?
When you venture into the world of independently trading stocks, you’re going to have plenty of scary statistics thrown your way. 80% of day traders fail! 90%! I’ve even heard 97% of aspiring traders end up giving up and getting a real job at some point, and honestly I wouldn’t be surprised if that last one was the most accurate.Is Controlling Your Emotions the Hardest Part of Trading?
Things are rolling along just fine for you. You’ve got your trading method and have been continually testing and refining it to the point where you’re very confident in it, and in general things have started coming together for you and your trading. Then all of a sudden you take a loss, that’s followed by another one, then another. pretty soon you’re starting to really feel the heat and now your mind is a mess. How can we plan for and prevent mental meltdowns when it comes to trading?E-Mini Trading: Which Time Period Is Best for Trading the ES and YM E-Mini Contracts?
If you would like to get a room of e-mini traders into a vociferous argument, state in a boisterous manner, that 2 minute charts are the very best for trading the ES e-mini contract. Every successful trader has a distinct preference for a certain time period when trading. These preferences are generally the result of longtime experience and success in his or her trading career.
Why should you using spread betting versus traditional methods of investment? Here’s a quick guide to why you should use spread betting compare to CFD’s and normal stock buying.Should You Use Mobile Spread Betting?
Smart phones like the iPhone, Blackberry and Android have helped revolutionise mobile spread betting. Previously everyone was concerned with security, execution times and ease of use but it seems those concerns have been addressed as City Index announced in April 2011 that the number of trades made on their award winning City Trading Application on the iPhone has gone from making only 3% trade in 2009 to over 15% in 2011. It seems that traders behaviour has altered from using the traditional web trading platform to using mobile technologies help traders check positions, charts and prices on the move….