Dear Traders and Friends: I have been having a blast trading this last week. I made $7,300 on KKD, $1,700 on FRX, $2,000 on QQQQ and am doing well in my open trade entering FRX to the downside. I am putting a day of my commentary here for you to see the value of using THE DEDICATED TRADER website as…
Tag: Trades
Avoiding Forex Market Risks
The Foreign Exchange or Forex market as it is more commonly known is purely to allow people to trade one currency for another. In fact this is by far the largest trading market in the world for the value of the cash that passes from buyers and sellers of currencies. Many of the trades which take place on the Forex…
Introduction To Day Trading
History of online day trading The birth of day trading was made possible when the computerized, over-the-counter NASD became available in 1971. Day trading was pretty much the domain of stock brokers and remained that way until the late 1990s, when the increasing popularity of the internet, motivated the international stock markets to move online. The consequence of this move…
Forex Trading And The Stock Market Similarities And Differences
Most people get their introduction to financial trading through the stock market. After all, it is the oldest and largest financial market in the world, right? Wrong! The forex trades over $2 trillion (with a “T”) a day, and has been around as long as money itself . What’s more, the forex is even easier for individuals to participate in…
How Long Should I Backtest A Online Daytrading System
I am frequently asked how long one should backtest a online daytrading system. Though there’s no easy answer, I will provide you with some guidelines. There are a few factors that you need to consider when determining the period for backtesting your online daytrading system: Trade frequency How many trades per day does your daytrading system generate? It’s not important…
First Of All Know Thyself
One of the most important elements of success in trading (and life in general) is knowing yourself. If you do not understand how you tick, you will never be truly prepared for the demands of trading, and likely your performance will suffer as a result. Let me use myself as an example. I am what might be considered project oriented.…
Plan Your Trades And Better Trades
You have probably heard the saying “if you fail to plan, you plan to fail.” This couldn’t be more true in the world of trading. None of us begin to trade with the intention of failing but that is just what we are doing if we blindly look for trades to put our money into without a proper plan of…
Winning Traders What They Have In Common
We often hear that 95% of people who try trading for a living fail within the first year. These are not very good odds and it is natural for new traders to wonder if they have what it takes. In this issue, I give you a list of 20 characteristics I believe could be found in most winners. I also…
Stock Research Amaranth Hedge Fund Collapse What Happens When Your Friendly Banker Becomes Predator
You might be familiar with Amaranth LLC, the giant hedge fund that collapsed last fall, after blowing up $6 billion of investors’ money. It now comes out that the circumstances under which they self-destructed are worth studying. But first – A METAPHOR What would happen if you had a pain in your chest, and you had tests taken at your…