ICE Vs NYSE – Is It Time to Turn the Lights Off on the Trading Floor?
ICE vs. NYSE – As a former Board member of the New York Mercantile exchange, and after dealing with the ICE while at NYMEX, I find the news today very interesting.In 2000 the ICE made an offer to NMYEX.The Rules for Day Trading
If you want to start day trading then you need to know the rules of this trading. You must become familiar with these rules before you start.Trading on The Floors Of Chicago
The biggest trading floors in the world were in Chicago. In 1997 there could be 10,000 people trading on the floors of The Chicago Exchange. Fortunes could be made or loss in minutes. Today 95% of global trading is electronic. Computers changed the dynamic and today only about 10% of that number of floor traders remain.
I suppose if you analyze my e-mini trading style, it revolves primarily around support and resistance. While I am intensely aware of order entry, tick data, and standard deviation analysis; the engine that powers my trading centers on support and resistance. The question I am often asked is: how do you know when the price action is going to pierce given support and resistance versus stopping and/or reversing at support and resistance points?E-Mini Trading: Why Do Novice Traders Often Struggle at the Two-Month Mark?
As a trading educator, one of the most disappointing trends is to see a novice e-mini trader begin his or her e-mini trading career on a very strong note and then watch them deteriorate at the 2 to 3 month mark. It’s not an unusual phenomenon, and I have almost come to expect this event and started to act proactively early to prevent it from ruining a budding e-mini trader’s career.