Experience is always the best teacher, but it’s also the most expensive. There are a couple of very important trading lessons to learn from the collapse of MF Global that we can learn at the expense of others.
When the market is rallying and bulls stampeding, it’s easy to get caught up in the hype. But every trader must learn when its time to step back or step out altogether if he or she is to survive in the trading game.
Elliott Wave Theory can seem like a dream come true to traders. It offers traders a description of how markets should behave, with precise rules that help identify price targets in advance.
Silver is a naturally occurring element that can be found in your jewelry, at the dinner table, in your digital camera, in your car and in your pocket. It is a monetary metal with roots that run parallel to gold.
Some have heard of the Market Profile but many do not realise that the Profile has undergone at least three evolutions: from the traditional 30-minutes per day variation to the Steidlmayer Distribution (now also called [Modern] Market Profile) to the Cap Flow version.
In this article, we will develop a strategy that can be used by part-time traders to capture the large moves being seen in the markets from day-to-day.
A reality of part-time trading is that you may not always have time to trade every day. Full-time traders will have a daily schedule and routine tasks will be a part of their day. This is a definite advantage for traders who make a living from the markets, and ultimately you need to find time to become a successful trader.
New traders often approach educational material with the attitude that if it’s free, it can’t be any good. They willingly pay thousands of dollars for courses and systems, and they are often disappointed.