Basic Trading Strategies

Basic trading strategies focus primarily on technical indicator based trading. Typically basic trading strategies utilize one more more technical indicators in an effort to put the odds in our favor that a trading will head in a determined direction in the near term.

Mentally Manage Your Losing Trades

A part to sore losing in trading is loss aversion. This is part of human nature and trading really brings it out in all its glory. When we have a good trading system and it takes a series of losses, it’s easy for this to come out. Not only does... Read moreread more

8 Foundational Skills Every Trader Should Learn

When a person first decides they want to be a professional trader, rarely do they ask just how this is likely to happen. Usually they are too busy counting their imaginary money in their imaginary mansion to be concerned by this minor detail! Even in the face of widely available... Read moreread more

Keep Trading As Simple As Possible

At what point has your trading become over-complicated? Some traders can have many variables in their trading plan and do fine. Others can get overwhelmed when there are too many things to consider for a trading setup.  I’m sure we’ve all felt that way at times. There is no simple... Read moreread more

Trading Is About Risk Management

Trading is accessible to anybody with internet, money, and a computer any time during the day. That is one thing that lures people to trading for a living because your schedule can be what you choose. Once they have put together a trading plan and back-tested their trading strategy, they... Read moreread more

Try This If You Think Trading Is Easy

Trading is easy. Pick a direction. Enter the trade Reap the rewards. Really, you enter a trade and get out with a profit or a loss.  Right?  Seems simple enough. Well, it is simple.  Just not easy. There are so many things that make up a consistently profitable trader that... Read moreread more

These 4 Steps Can Prevent Trading Career Destruction

take a break

The principles that are used with A.A. can be applied to help traders who are struggling. These principles can help traders avoid falling back into the habits that have prevented them from reaching their goals: Failure to prepare for their trading day (or career) Not sticking to their trading plan... Read moreread more

Trading Is Easier When You Find Your Rhythm

You need for find your form in your trading business and it is not always an easy thing to do.  Having a rhythm to your approach, feeling like you are in “the flow”, can be one of the most useful things for a trader to learn how to do. It’s... Read moreread more

Trading Plans Must Have 3 Things To Be Useful

I’ve lost count the amount of times “having a trading plan” has either been written about in this trading tips blog, or mentioned in a trading article. The reason you are inundated with “have a trading plan” by us is because it is something that if you don’t trade with,... Read moreread more

4 Best Trade Exit Strategies To Book Profits

trading exits

Every trader needs an exit strategy thought out before they actually enter on their trading setups.  For day trades, even an “exit before market close”, while basic, still has you with a plan for ending the trade. Without a trading exit being part of your overall trading strategy, you are... Read moreread more

Successful Trading Is Not Just Putting In Screen Time

“Make sure you put in the screen time”. That is something you hear often when reading information about becoming a successful trader. It is hard to argue with it taking time to become effective at most things and trading is no different. What is more important than simply screen time,... Read moreread more

2 Areas That Can Destroy Your Trading Dreams

At Netpicks, every trading strategy we develop and the training that goes with it ensures that three important variables for trading success are covered. Psychology Trading method Risk management You need all three in line to reach any long term trading success and without one, your dreams will fall apart... Read moreread more

Best Automated Trading and Charting Software in 2018 for Forex

automated forex trading software

Forex trading software has evolved from simple broker charts and Forex trading robots all the way to Forex automation software that make it easy for anybody to enter the market and begin trading Markets of all types have benefited from technology advances and the number of advancements in online trading can boggle the... Read moreread more

Warning: Don’t Change Your Trade Plan

trading mistakes

A trader decided to enter a position in a manner that was not consistent with his trading plan. What he said was that he entered a trade based on the fact that as the market was already close to the stop the system had already calculated, it was worth the... Read moreread more