- The Problem with Predictions By : Markus Heitkoetter
Investors often look to experts and experienced traders for their predictions on how the market will trend. For example, I am often asked to predict where the Down Jones Index will be at any given time. - Warren Buffet is Not a Day Trader By : Markus Heitkoetter
Day traders often seek out stories of people who have had amazing success in the markets for guidance. They flock to biographies of financial celebrities hoping to gain insight and tips to get an edge on their own careers. - The Difference Between Day Trading and Gambling By : Markus Heitkoetter
I have often said that day trading is fundamentally different from gambling, or at least successful day trading is. A successful trader controls his risk with a thoughtful and well-tested strategy, not intuition; but a gambler depends on luck. - The Difference Between Fundamental and Technical Analysts By : Markus Heitkoetter
I am a day trader, and yet people sometimes ask me questions about the market that go beyond my area of expertise. They assume that since I am successful at one aspect of the market, I should have insight into questions of national and international economics, particularly as it relates to large scale political events. - How To Develop Trading Strategies By : Markus Heitkoetter
People who want to profit from the market often ask experienced traders how they come up with their trading strategies. Newcomers are often overwhelmed by the amount of available data and are a bit mystified about how to navigate through it. - What You Should Know About Forex Trading By : Markus Heitkoetter
Recently, Forex trading has become extremely popular. However, many people who are interested in Forex trading have little idea what it involves. They are often attracted to this type of trading based on its popularity and the belief that, because others are using it, it must be profitable. - The Holy Grail of Day Trading By : Markus Heitkoetter
Sometimes, searching for the perfect strategy can lead to more losses than gains. This is what happens to traders who search for what I call the “Holy Grail of Day Trading.” This is loosely interpreted as a trading system or strategy that cannot fail. - A Must-See Movie for All Day Traders By : Markus Heitkoetter
The movie 21 has some fantastic lessons for day traders. Although the movie is technically about gambling, its most important lesson is about how to avoid the riskiest parts of gambling and, consequently, how to avoid losing what you risk. - What Day Traders Can Learn From Sesame Street By : Markus Heitkoetter
I wake up at 7:00am in the morning, and I rarely expect to learn a new lesson in day trading before heading to the office. - Day Trading and Net Operating Losses By : Markus Heitkoetter
Our goal as day traders is to make money, not to lose it. However, when we do have losses, and we all will no matter how successful we usually are, there are ways to make those losses less costly. - The Key Essentials to a Trader’s Psyche #7: Controlling Negative Emotions By : Markus Heitkoetter
In order to develop the right mindset, to have a trader’s psyche, you need to know what to expect when day trading. You must be prepared for a variety of emotions so that you can monitor them instead of letting them control you. - The Key Essentials to a Trader’s Psyche #6: Paying Attention to Your Mindset By : Markus Heitkoetter
In order to develop the right mindset, to have a trader’s psyche, you need to know what to expect when day trading. You must be prepared for a variety of emotions so that you can monitor them instead of letting them control you. - The Key Essentials to a Trader’s Psyche #5:Recognizing That Success Means Consistency By : Markus Heitkoetter
In order to develop the right mindset, to have a trader’s psyche, you need to know what to expect when day trading. You must be prepared for a variety of emotions so that you can monitor them instead of letting them control you. - The Key Essentials to a Trader’s Psyche #4:Finding the Ability to Adapt By : Markus Heitkoetter
In order to develop the right mindset, to have a trader’s psyche, you need to know what to expect when day trading. You must be prepared for a variety of emotions so that you can monitor them instead of letting them control you. - Fatal Day Trading Mistake #5 -Lack of a Trading Strategy By : Markus Heitkoetter
If you know the pitfalls of trad¬ing, you can easily avoid them. Small mistakes are inevitable, such as entering the wrong stock symbol or incorrectly setting a buy level. But these are forgivable, and, with luck, even profitable. - Fatal Day Trading Mistake #4 -Trading the Wrong Market By : Markus Heitkoetter
If you know the pitfalls of trad¬ing, you can easily avoid them. Small mistakes are inevitable, such as entering the wrong stock symbol or incorrectly setting a buy level. But these are forgivable, and, with luck, even profitable. What you have to avoid, however, are the mistakes due to bad judgment rather than simple errors. - Fatal Day Trading Mistake #3 -Not Limiting Your Losses By : Markus Heitkoetter
If you know the pitfalls of trad¬ing, you can easily avoid them. Small mistakes are inevitable, such as entering the wrong stock symbol or incorrectly setting a buy level. But these are forgivable, and, with luck, even profitable. - Fatal Day Trading Mistake #2 – Not Taking Profits By : Markus Heitkoetter
If you know the pitfalls of trad¬ing, you can easily avoid them. Small mistakes are inevitable, such as entering the wrong stock symbol or incorrectly setting a buy level. But these are forgivable, and, with luck, even profitable. - Fatal Day Trading Mistake #1 -Struggling to Identify the Direction of the Market By : Markus Heitkoetter
If you know the pitfalls of trad¬ing, you can easily avoid them. Small mistakes are inevitable, such as entering the wrong stock symbol or incorrectly setting a buy level. But these are forgivable, and, with luck, even profitable. - The Myth of Automated Day Trading Systems By : Markus Heitkoetter
There is a widespread rumor in the financial community that successful day trading can be manually programmed and automated to produce vast profits for minimal work and input on the part of traders, providing a regular and consistent income by simply setting up a system, clicking a button to turn it on, and walking away. - Forex 101: Managing Risk By : Staff Writer
A trader with a mediocre system and great money management skills will fare better than a trader who has a great system but no handle on his money - Control Your Emotions to Achieve Success in the Foreign Exchange Market By : Staff Writer
Forex trading is not for the faint of heart, nor is it for those who are controlled by emotion. Certainly, it is an emotional thing to engage in an activity of risk and reward with your money. Human nature dictates that when you put your heart into something as vital as your financial portfolio. However, a Foreign Exchange trader cannot afford to wear his heart on his sleeve. - Free Forex Trading Resources By : Staff Writer
Trading on the Foreign Exchange Market is a rewarding, yet challenging endeavor. A trader can never be too informed or have too many useful insights. Successful traders are always learning and growing. - Testify! Instant Feedback from Bank Flow Traders By : Staff Writer
We thought you might like to take a peek of some of the instant messages and emails we received from them through the course of those first two days of trading in the Bank Flow Trading Room. - Take Two: Second Day in the Bank Flow Trading Room Provides Plenty of Fireworks By : Staff Writer
Imagine the vibe in the Bank Flow Trading virtual trading room as Day Two unfolded…and provided the improbable. The second day actually turned out to be better than the first! - Forex Market: News Trading, Part One By : Staff Writer
The methodology for predicting and trading these trends is simple and straightforward: monitor the economic calendar and trade the news. - No Fib! This Leonardo is Great for the Forex Market By : Staff Writer
When you think of great Italians named Leonardo, the first name that comes to mind has to be Da Vinci (unless you are a teenage girl, in which case you might say DiCapprio, but is he even Italian?) However, if you are a Forex trader, the most important Leonardo who ever lived is Fibonacci - The Most Important Forex Expert You Will Never Meet: Who is He? By : Staff Writer
He has been dead for many years – centuries, in fact – but we feel his influence as mightily today as ever. Born in 1170 in the Italian town that is today famous for its leaning tower, he was the son of a customs officer from the Northern African town of Bugia. He was educated by the Moors, and traveled extensively around the Mediterranean coast. - The Most Important Lesson You Will Ever Learn about Forex Trading By : Staff Writer
Many people have faired poorly trading in the Foreign Exchange Market. Some of them, however, have managed to make money another way. They simply developed a dubious “formula for success” and sold it to others. Consequently, traders have become wary of so-called experts promising the moon. Caution is a good thing when you are trading on the Forex. - Be careful for Current Economic Lending Conditions By : James Peters
The worldwide conditions in finance have changed in the past few months
Major reasons contributing to this are: USA downturn in the housing market which has caused massive losses in some of the world’s major banks and private equity firms, massive losses on the world share markets, talks of a possible recession in the USA . - Choosing A High Interest Savings Account By : Nicholas Hunt
There's more to a choosing a savings account than simply comparing basic interest rates. Different account features can suit different situations, and choosing the wrong account could be costly.
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