No, Bill Murray didn't wish he could do day trading in Groundhog Day. It's a way to trade on the foreign exchange market where a trader finishes all of his trades in one day. In other words, he may make dozens or even hundreds of trades in a...
If you trade in forex, you know how important it is to find a good forex broker. This is especially true if you are just starting out and don't have a lot of experience. A good forex trader will help you and give you the information and advice...
Like any other business, day trading can be very profitable. I guess that's why so many people want to start day trading. But the risks are also very high, and you should know what it takes to become a day trader.
Before you decide if a...
Gold is the topic that I get the most emails, letters, and phone calls about. Being a gold bug seems to come with an almost religious zeal. People who worship gold are often surprised by my view that gold prices will go down. Still, year after...
Years ago, I heard Mike Tyson say this, and it stuck with me because it has so many connections to trading with focus, discipline, and repetition.
Through repetition, we try to get both new and experienced traders to believe in the system....
Before you start a home business, you should take a good look at what you can do. When you do business, keep in mind that your money is always at risk. Don't take chances with your money; instead, plan for it.
Day Trading
As...
Any trading plan will have losing trades, and it's how you handle them and how well you do your main job of keeping your capital safe that will determine how well you do in the long run.
You have to expect losses, plan for them, welcome...
Risk Management
Most futures traders make the mistake of not having a systematic way to deal with risk. The high leverage and high volatility of the futures markets tend to have a big effect on the emotions of traders. This emotional...
Is trading penny stocks every day a good way to invest your money? Many people are afraid of this, and they have good reason to be. Many investors have made a lot of money with penny stocks, but you don't often hear about the thousands of...
FOREX trading, which is also called the currency exchange, is buying and selling different currencies from around the world. As a currency trader, you make deals when a country's currency goes up or down. The idea is to buy low and sell high....