WHAT IS GOLDEN CROSS IN TRADING? This is a bullish signal that emerges when two moving averages make a crossover. The most common periods of the two moving averages are 50-day and 200-day moving averages. Also, the strategy mostly uses the simple moving average indicator but some traders focus on the exponential, smoothed, and weighted moving averages. The idea behind the golden cross is… Read More »WHAT IS THE GOLDEN CROSS AND HOW TO USE IT IN DAY TRADING

WHAT IS MOMENTUM IN FINANCE? The term momentum refers to a force that keeps an object moving after the trend has already started. In finance, it refers to a situation where the price of an asset continues moving in a certain direction. In most cases momentum tends to defy logic. A good way to look at momentum is… Read More »HOW TO USE MOMENTUM TRADING STRATEGIES PROFITABLY

WHAT IS A FALSE BREAKOUT? At times, a financial asset like currency pair, commodity, exchange-traded fund (ETF), and stocks trade within a narrow range. During this period, they form a parallel support and resistance level. In this case, a trader can make money by buying at the support and shorting at the resistance. However, always, it reaches a point where the price breaks either the support or the… Read More »HOW TO IDENTIFY FALSE BREAKOUTS IN DAY TRADING

TRADING ROUTINE Most successful traders have a routine that they use every day. The benefit of such routine is that it helps them simplify their trading approaches. It also helps them identify new ideas and make relatively successful trades every day. If you are a forex trader, this routine could be to first look at the economic calendar and read the most relevant news.… Read More »THE 5 HABITS OF HIGHLY SUCCESSFUL DAY TRADERS

FULL TIME OR PART TIME? Many day traders already have lots of market experience when they begin their new business ventures. Because it can cause you to lose a great deal of money very quickly, you may have to choose whether to work full time at the venture. That can allow you to watch the market continuously… Read More »20 (AND MORE) DAY TRADING TIPS: HOW TO BE A SUCCESSFUL TRADER!

RISK OF THE UNKNOWN A common risk in the market is that of the unknown. No one simply knows what will happen in the financial market on any given day. For example, in January 2015, the Swiss National Bank made a major announcement. It removed the peg that had been there since 2012 on its currency.… Read More »THE IMPORTANCE OF STOP LOSS ORDERS AND HOW TO USE THEM

THESE WEBSITES, COMBINED WITH OUR RESOURCES, CAN HELP YOU TO BECOME A BETTER TRADER In the past, trading was a career practiced only by financial professionals in the leading financial institutions in the world. It was very difficult for normal traders to find their break in trading. This was attributed to a number of factors. For instance, trading… Read More »8 BEST WEBSITES FOR DAY TRADING IN 2022

The Federal Reserve is the most important central bank in the world because of the special role the US dollar plays as a reserve currency. Therefore, traders always pay close attention to the bank’s meetings and activities. The Federal Open Market Committee (FOMC) is one of the most important items in the economic calendar. In this report, we will look at what… Read More »FOMC MEETING: WHY IS SO IMPORTANT AND HOW TO TRADE

As a day trader, your success is determined by a number of things. Some of these factors that determine your level of success include: your knowledge of the financial and economic markets, your patience, understanding of the various analysis tools, and your character as a trader. Unless you have a good understanding of all these, chances are that you… Read More »HOW TO EXPLOIT MULTI TIME FRAME ANALYSIS IN TRADING

The number of traders is on the rise. While the exact number is not known, the number of firms offering trading services is rising which is a good indicator of all this. Sadly, only a very few traders who start trading become successful. In fact, while there are many investors and hedge fund managers in… Read More »ALL SUCCESSFUL TRADERS DO THESE THINGS EVERY DAY

Trading is a game and most games have similar characteristics. In a game, two sides compete and there can only be one winner. In every game, there are people or teams that have a history of excellence performance. For example, in athletics, Usain Bolt of Jamaica is a good example of an expert in the… Read More »SIMPLE TRADING STRATEGIES YOU CAN LEARN FROM SPORTS

Day trading and investing in general is one of the fastest growing industries today. People are enticed into the trading world because of the promise of working from home and making money without much effort. A recent report indicated that many people – especially in the United States – are now allocating money to stocks as institutional investors stay away. They are enticed by… Read More »SIMPLE WAYS TO AVOID DAY TRADING SCAMS

There is a big difference between successful traders and amateur traders. Successful traders know how to allocate capital, calculate their risks, and move on after losing money. As someone who has traded for many years, I have come into contact with many people who want to be successful traders. In this article, I will highlight five trading… Read More »AMATEUR TRADERS VS PRO TRADERS – 5 TRADING ADVICES FOR NOVICE

As a trader, if you have lost some money in the past, chances are that you will be fearful when opening new trades. This is because you will think that the trade will cost you money. We went through the same process early in our trading career. After losing our entire account, we spent quite some time… Read More »6 EASY WAYS TO IMPROVE YOUR TRADING SKILLS

The earnings season is one of the best periods to trade for day traders. The earning’s season is the period when companies releases their quarterly financial reports. During this period, investors wait for two main things. ⊳ Wait for the company’s performance during the quarter. In this, they look at the company’s revenues and the earnings per share (EPS). ⊳ Look at the company’s… Read More »EARNINGS SEASON – 5 TIPS TO MAKE A FORTUNE

Opening a trade can be easy. Furthermore, it’s all about pressing a few buttons. Wrong. Opening a trade is both an art and a science. It requires a lot of thinking and analysis to do. Doing it the wrong way can lead to your account suffering a huge blow. Certainly, you don’t want that. Successful… Read More »TRADING STRATEGY – 5 QUESTIONS YOU MUST ASK WHEN OPENING A TRADE

As I have explained before, traders use technical and fundamental analysis to determine their entry and exit positions. Technical analysis uses historical data and a combination of technical indicators to forecast future performance. It is a very important technique that actually works when used properly. On the other hand, fundamental analysis involves the use of… Read More »PRICE SEASONALITY AND WHY IT MATTERS IN TRADING

As a trader, having a good trading system is very important, because it allows a trader to save time on a daily basis when trading. It also allows a trader to be only make decisions based on a platform that has been backtested using various parameters. Broadly, there are two main types of trading systems: A manual system where one uses excel analysis… Read More »DEVELOPING A MECHANICAL TRADING SYSTEM

Greed is a complex emotion because it is often connected to many other strong internal feelings and beliefs. The market itself has a reputation for stirring up different emotions. However, that does not instantly help you tell if you are exercising good sense. A Guide to Day Trading If you are under the influence of the… Read More »HOW TO KNOW YOU ARE BEING TOO GREEDY