The idea of the seven deadly sins of trading was tossed my way last week. After giving it a bit of thought, I came up with what I think is a pretty good group. The list below is the seven which came to mind as the ones most likely to do real damage to a trader.
1) Thinking [...]
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A question came up during the recent Swingers, Scalpers, Holders panel discussion I did for Currensee which we didn’t have time to address at that time. It is something a great many traders think about, though, so I decided to put something together here in response.
The question was:
I’m at the point I’ve exhausted books, etc. and [...]
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I want to share something with you that I recieved today in my email from one of my co-workers. He actually works on the rates side of things, focusing particularly on the US Treasury market. The content of the email, though, has clear forex market implications. I offer it up as an example of the sorts [...]
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I came across an article the other day which got my blood boiling a bit. It basically talks about trading the “spread” between the S&P 500 and EUR/JPY forex cross rate. The author was quite happy with himself for calling the spread being exceedingly wide and recommending a spread narrowing trade. He went so far [...]
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Another thing to look out for in your potential broker is whether they have a dealing desk or not.
A dealing desk is simply a feature through which your order passes through before being transferd to the market. This means that the broker actually processes each order that you place.
The fact that the broker stands in...
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In this first article of the selecting your broker series we are going to look at one of the most obvious signs of a reputable broker, and that is them being regulated in your home country.
So why use a regulated broker? what are the benefits of doing this?
Well when a broker is regulated they...
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Position trading involves trading and holding positions in the market over a sustained period of time. The analysis involved tends to be based much more on fundamental analysis rather than technical analysis. This is theoretically one of the easiest styles to trade with, but in reality it is a very advanced method that should only...
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Many new traders cant just jump right into trading full time because they have other commitements that require a regular income to maintain. If this sounds familiar you may be frustrated with the fact that many forex traders seem to be day traders or scalpers, something that you just cant do at this stage. This does...
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Day trading is another popular style that most new traders attempt, and would like to become proficient at.The basic premise of day trading is that all trades are opened and closed within the trading day. On wall street a day trader is usually defined as someone who takes around 100 trades per month, this equates...
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Reaction to the “worst analysis” post
The Essentials of Trading - Information and resources for those looking to learn about trading and the marketscontinue reading...