Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
Winning trade setups, those with a high percentage win rate, are worth waiting for. You can learn to specialize and just focus on these types of setups and make a very nice living (my opinion, there is alwasy risk in trading). Nothing is ever perfect in trading but the odds are… Read more
The issue that many traders have is getting out of the trade especially the day trading profit targets you are going to use. If you swing trade, you will only make the decision to exit your trade every few days or so. As a day trader, you will be making… Read more
Fear of trading haunts all traders at some point. It was my fear of trading that had me learning how to design effective trade strategies. Mainly due to the pressure of calling a live traderoom with so many people depending on my trade calls, it was ‘necessity being the mother… Read more
Trading the head and shoulders chart pattern in the common way is to treat it as a reversal pattern. It is probably ranked as close in popularity as the various triangle patterns that can be on a chart. Let’s cover the standard method of trading a head and shoulders chart… Read more
Trading results definitely improve with a dash of art. The important thing is to not be too much of an artist. I like to call it the 5% art to trading. By reducing some of the art part of trading down to mechanical rules, you can reduce the percentage to… Read more
Despite what all the marketing hype says, successful trading is not something that just magically appears one day. You won’t plug and play a trading system or strategy on a Monday and find yourself sitting in the winners circle on Tuesday. Trading Success Is A Never Ending Process It… Read more
One thing that makes our trading tips blog unique is that the content is written by real traders. At Netpicks, virtually everybody you will deal with trades markets such as Futures, ETFs for long term wealth building, Forex, and even Options. We know what traders go through, the challenges we… Read more
Do you know what gets ignored when people write about trading? Living through a trading drawdown. Traders understand that their account will ebb and flow (just like the price on the chart) but when their trading account starts to look like a bear market due to an extended drawdown period,… Read more
Trading over the summer months can be hit and miss at times. Some years it can be great, but many other years it can be slow and dull with low trading volume. Big traders and fund managers etc. will take off this time to enjoy it with their families and… Read more
Many successful and professional traders talk about how important it is to keep a trading journal spreadsheet. In the “boss-less” environment of the at home trader, keeping a trade journal keeps you on your toes knowing that at the end of the day, your results are still being measured even… Read more
Is Your Trading Really Just A Hobby?
There are quite a number of trading “cons” floating around the internet and people are rightly concerned about getting sucked into one of them. The Forex market seems to have a high number of “can’t miss” trading systems and the most aggressive marketing While these trading “cons” are so good… Read more
Use A Trading Indicator With Price Action
Trading indicators as a form of technical analysis are an important part of the trading system and strategy of many traders. Whether traders are looking for a way to determine a trend or a buy/sell signal, technical indicators are the first line of offense that they use. I know we… Read more
Your Fake Motivation Will Hold You Back
You know what people are great at? Talk. I know you’ve had conversations with someone who rattled on about doing this…doing that…….and they actually were pretty convincing. You know what people are not great at? Taking action. I’m talking about the hundreds of hours (10,000??) spent diving headfirst into accomplishing… Read more
Trades of Opportunity | Spotlight Power Trader
You have a trade plan but after years of experience you learn that trades of opportunity do present themselves. These are trades that set up outside of the parameters of your trading plan and may violate some of your rules: You have completed your “Power of Quitting” trading goals for… Read more
2 Minute Crude Oil Trade – Power Of Rules
Traders in our trade room took part in a rare Friday session trading Crude Oil futures on Friday July 7, to make up for my “fun in the sun”, earlier in the week. That brings up one of the major benefits of trading for a living: I didn’t have to… Read more
Trading Crude Oil Futures can can be a challenge for sure but this is one tradeplan I will never miss, so long as I have my computer and an internet connection. There are many wrong ways to trade crude oil futures but one of the right ways, one of the… Read more
Trading The MACD Indicator Like A Pro
One of the first indicators I ever experimented with was one developed by Gerald Appel in the late 1970s called the MACD indicator, otherwise defined as the moving average convergence divergence indicator. The MACD histogram was added in 1986. Right from the start I used it as a technical analysis tool,… Read more
Worst Time To Day Trade Most Markets
One of the worst times to day trade is during the time when many traders take lunch and this is a good time for you to stand aside. To go on further and elaborate a little on why I say this and to make the point, I wanted to focus… Read more
You Are Wasting Time Asking These Types Of Trading Questions
Ever hear that if you want a meaningful answer, you need to ask the right question? Asking questions in a general way will give you an answer that is not actionable. That is what you are looking for though. You want an answer that will give you a way to… Read more
Being Average Is Easy
The hard truth is that people are prone to mediocrity. They talk a good game but in the end, they fail to move forward with any plan on attaining what they dream of the most. Even worse, they tend to criticize those that have the guts to take a giant… Read more
As traders & educators, we’re committed to providing educational seminars on a continual basis.
Click Here
