Last updated on April 20th, 2017
Online trading tips for Forex, Futures, Options. Learn how to improve your trading business.
As trading winds down for 2018, many people have plans for the Christmas break and will keep their trading computers shut off until the new year. Taking a break from trading is healthy and can do a lot to refresh any trader that interacts with the markets on a daily… Read more
Last updated on February 11th, 2020 You are going to lose in trading but the trouble is, many traders make the mistake of attempting to avoid losing trades at all cost. Negative trade outcomes are a big part the trading business and for day traders, the fear of loss can… Read more
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 more
In this week’s Options Trade Of The Week, we will use our Spotlight Power Trader system to identify a bearish trade opportunity on PayPal (Symbol: PYPL). With the market making a big move higher over the last few weeks, we are left with many overbought markets. This is especially true… Read more
Last updated on February 10th, 2020 We’ve seen many traders come and go through the two plus decades that Netpicks has been in the business of helping traders succeed. Whether they were great traders from the start or could not grasp this business, throughout that mix we’ve seen many who… Read more
Some of the best chart patterns to trade, such as bull flags, are simple and that includes the “anti” pattern by Linda Raschke. The anti pattern takes into account both a pullback and a momentum move that setups up the pullback. As described in my article about trading pullbacks, we… Read more
Last updated on February 13th, 2020 The descending triangle chart pattern is another bearish chart pattern that has validity in your trading. Why? The descending triangle is one of the continuation patterns which highlights market action that is tipping its hand to more downside. Like the ascending triangle I wrote… Read more
Last updated on February 10th, 2020 The ascending triangle pattern is one of my favorite chart patterns to look for in a bullish chart scenario. It is one of the classical charting patterns that has been around for decades, much like the head and shoulder chart pattern, and maybe it… Read more
The Awesome Oscillator is another technical indicator designed to measure market momentum on any time frame. The name “Awesome” may have had you thinking it did something really special when you add it to a trading strategy. No. But like any technical indicator, the Awesome Oscillator, when understood, could add… Read more
When thinking and talking about their trading performance, a habit many traders tend to get into especially when they are just starting out, is using a $ value for p/l. It’s easy to see why – a new trader is likely to keep their eye fixed on the limited amount… Read more
Market context is a foreign concept to many traders. Often if I ask a trader that context of the market they are trading, the reply is usually a string of words that don’t answer the question. In fairness, it is a concept that can be difficult to fully grasp and… Read more
Last updated on February 11th, 2020 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… Read more
The three moving average crossover strategy is an approach to trading that uses 3 exponential moving averages of various lengths. All moving averages are lagging indicators however when used correctly, can help frame the market for a trader. You can see how MA’s can give you information about market states… Read more
Being in the business of trader education and trading system development, Netpicks has seen a lot in over two decades when it comes to those looking to trade for a living. One obvious thing to us is that that learning how to make money and develop as a trader has… Read more
Last updated on November 29th, 2019 Bollinger Bands are a popular trading indicator that was introduced to the trading world by John Bollinger in 1983. The visual nature of the Bollinger Bands makes it simple for a trader to see if price has extended far from the average security price. … Read more
I was surprised when a recent comment asked : what is a limit order in trading? This was from someone who suggested they were ready to go live with their trading account. There are a few ways a trader can enter a position when their preferred trading setup show up. The… Read more
Last updated on February 11th, 2020 The Parabolic Sar (stop and reverse indicator) by J. Welles Wilder, is a trading indicator used in markets with a strong trend to determine buy and sell signals for your chosen trading instrument. The “stop and reverse” feature indicates that the Parabolic Sar is… Read more
Last updated on February 13th, 2020 Designing a trading strategy is tough work and that is if we include only technical factors as opposed to adding in fundamentals and seasonal cycles. There are many variables to keep in mind when undertaking the design of your own strategy: Which indicators will… Read more
Tony Robbins talks about “modeling” the best to help you become the best. Do you want to become a successful trader? Then you should think of reading some of the best trading books ever written about the financial markets. IMHO anyhow. There are so many great day trading books out… Read more
Trading is a game of probabilities and any successful trader knows that at any time, the next trade can be a winner or it can be a loser. Trading with an edge, you want to allow the probabilities to play out and that can only happen over a large basket… Read more
13 Forex Trading Tips Every New and Experienced Trader Must KnowLast updated on November 7th, 2019 Some of the best Forex trading tips that can lead to trading success are usually the simple ones. Given that Forex market is popular for both experienced and beginning traders, you know there are quite a few tips available for all traders With low… Read more
Are You Ready For When Your Trading Strategy Begins To Fail?Last updated on February 11th, 2020 Markets and the traders that trade in each market, are constantly in a state of change. No two trades are ever exactly the same and that’s even if we’re looking at the same instrument on the same day in the same market phase. But… Read more
Scale And Trail Your Trading Profits?Last updated on November 7th, 2019 Trade setups and entries are one of the most searched for topics when it comes to trading. What gets missed is the exit strategy you will use to exit your trade for profit or at your stop loss. I have a question for you: “How… Read more
Here Is How to Stop over Trading and Become a WinnerDay trading has the potential to keep you glued to the screen the entire day as you punch in and out of trades. It can actually be addicting as you watch the increase in your trading account – perhaps not so addicting when the losses come. But even with the… Read more
3 Things That Losing Day Trades Can Tell You – Are You Paying Attention?Last updated on February 11th, 2020 You are going to lose in trading but the trouble is, many traders make the mistake of attempting to avoid losing trades at all cost. Negative trade outcomes are a big part the trading business and for day traders, the fear of loss can… Read more
Lack Of Confidence Will Kill Your Trading DreamsThe success rate in terms of successful traders, by all accounts, is pretty poor. This has the potential to rip the confidence of anybody thinking of making trading an income producing activity. Trading is a performance sport and just like any performance endeavor, without confidence with what you are doing, you… Read more
3 Principles Of Mindfulness TradingIn a post entitled Take A Break From Your Trading Screen, I touched on the benefits of shutting off your focus and letting her brain take a break. For traders, where the need of intense focus is immense, being able to step back mentally is vital. Up until the last several… Read more
Take A Break From Your Trading ScreenWe’ve all been there where trading consumes us to the point that we are living in front of the computer. “Take a break from trading” is probably something you’ve heard at least once during your trading career. It may not be time spent actually placing trades but learning and back… 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 ActionLast updated on November 4th, 2019 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… Read more
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