A traders emotions, ego, and thinking can become very distorted when real money is at risk in the markets. Hormones like serotonin, dopamine, and adrenaline can cause impulses and emotions to drown out thinking and decision making skills. Emotio... Read more
The 200 day moving average is one of the most popular price levels used in technical analysis. It is used in classic charting to define uptrends and down trends in markets. Here are twelve ways that the 200 day moving average can be used in tech... Read more
Day trading is a high speed endeavor where a trader enters and exits trades on the same day before the market closes. Day traders try to capture fast moves on intraday charts usually with larger size than swing traders or trend traders. They lik... Read more
The Steve Burns Ribbon technical indicator is a new tool for the technical analysis of stock trends by combining key moving averages. The MA Ribbon by Steve Burns is currently available on the TrendSpider.com charting platform and can be searche... Read more
Backtesting shows a trader how their signals for entries and exits would have performed in the past. While a backtest of past data doesn’t guarantee that a signal will work in the future it can quickly show you what didn’t work. What... Read more
Panic and stress love company. Staying calm when other traders and investors are emotional gives you an edge trading. When they’re making mistakes you are making good trading decisions. When they are panicking into a chart rising fast you... Read more
The Butterfly Pattern uses the identification of quantified structures on a chart that has specific and sequential Fibonacci ratio alignments that show harmonic patterns. These patterns calculate and measure the Fibonacci aspects of the price ac... Read more
An algorithm is the steps in a process or a quantified set of rules that is followed for calculating a solution to a problem, an algo is usually programed by using a computer. Algorithmic trading is a defined method commonly using automated pre-... Read more
The following is a guest post. Why Is It Necessary To Discipline Your Daily Trade Routine? Image Credits Becoming a professional forex trader takes years of commitment and hard work. Your life pretty much mandates that you set some parameters an... Read more
There is a common saying on Wall Street “Let winners run and cut losers short.” This quote tries to express the principle of creating big wins or small losses. Creating a high risk/reward ratio through the use of trailing stops for p... Read more
