Trading For Beginners

Maximum Profit Targets

This lesson we are going to work out the best way to take maximum profits from a position long or short. Many traders know how to get into a position but are often uncertain when they should get out. In our last lesson we discussed Fibonacci levels and how to use these levels for entry [...]

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Where To Place Your Stop

Many traders have a problem defining where they should place their stop loss. They have no problem entering a trade but often have a problem defining where they should take profits or cut their loses. In this lesson we will cover some of the popular methods of choosing a stop loss. 1. Dollar value. 2. [...]

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What makes the best traders successful?

Are they “lucky”? Have they discovered some “secret” indicator? No. They’ve learned the truth about trading. Trading success is a simple as 1-2-3. Step 1 – Understand what trading is really about; Step 2- Learn what a winning day trader does; Step 3 – Then do it. Continually. 1. The Essence Of Successful Trading Trading [...]

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What are the differences between trading and gambling?

Many people think that trading is similar to gambling. Is this really the case? For example, let’s take a look at Black Jack. If you start with $10,000 gambling capital, placing bets of $100 per hand and play 100 hands per day, how long will you last? In the game of Black Jack, with Las [...]

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Why does technical analysis work?

Technical analysis describes different ways of predicting the future of the stock/futures market based on its history. Unfortunately, technical analysis is not an exact science. Many prominent scientists label it as “voodoo science”. They claim that due to market efficiency, if you use TA to find your entry positions, you’re no better off than someone [...]

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