Why You Should Day Trade With A Mentor
A good mentor will show you the easiest and least expensive way to becoming a successful day trader. He or she will have already traveled the long and difficult road to becoming a successful day trader. A mentor has already done the costly experimenting and spent hundreds of hours and thousands of dollars learning his or her trade so that you won’t have to encounter the obstacles that cause many to lose money and ultimately fail as a day trader. A good mentor is worth much more than the amount of their fee.Taking a Close Look at Binary Options Trading
In many respects, regular options and binary options are similar and there is only one major difference. These are based on a system where maximum loss and profit is known by the trader beforehand. It is this feature of these options that makes it easier for people to calculate the risk and reward associated with them before making a trade. They are also known as all-for-nothing or digital options. These options are regarded as an easy form of investment, especially for novices. Banks looking to hedge their interest rate and currency risks and investors following financial trends in the market are keen to invest in binary options.How to Improve Your Analysis With Stock Charting Software
Ever since the technological realm has witnessed immense growth in digital communication and processing, the possibilities of harnessing its power to analyses data have also grown immensely. The amount of calculations done and the volume of data involved in these analyses would have been quite difficult and extremely time consuming if done manually. This is the reason behind the rising popularity of stock charting software.A Funny Moment In My E-Mini Trading Career
To most people e-mini trading is pretty serious business; which is to say there isn’t a whole lot of levity in most e-mini trading rooms. Nope, this is a solemn experience and you better not get caught cutting up or having a good time; after all, we are talking about real money here; cold hard cash, moolah, real greenbacks and the stuff of disappointment, letdown, heartbreak and failure. More than anything, we deal with pure, all American, unadulterated greed.Which Set-Ups Are Least Profitable in My E-Mini Trading Experience?
It is with a certain amount of trepidation that I begin to write this particular article. However, everyone occasionally loses when e-mini trading and I am no exception. In the article prior to this one I described my very best set-ups and winning trades. This article will describe the e-mini trades I take that are, ahem, not exactly trades that you want to emulate.