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 la... 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 futu... 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 tr... Read more
I get asked a lot about what are the best Forex trading books on the market. The following are the best based on a combination of sales ranking, a high overall review ranking on Amazon, the... Read more
Most trading books explain the principles and philosophy of trading, and I have read hundreds of them. Very few give examples of trading systems that have an edge and show the equity curve o... Read more
“Predictive technical analysis is chart/pattern reading. Trend following, on the other hand, is reactive technical analysis – a diversified portfolio perspective of markets using momen... Read more
After reading several hundred trading books I have come to the conclusion that the vast majority are a complete waste of time. However the 10% or so that are good can be life changing and... Read more
