TRADING FROM THE GUT: Professional forex trader indicators of health IT A GOOD THING? This book is designed for beginning, intermediate and advanced traders.
The presenters in this book are leading experts in trading Stocks, Options, Futures and Forex. You will be exposed to high-probability trading strategies from 8 industry experts. As an added bonus, we have included a trading psychology chapter and a chapter on potential tax advantages for active traders. An introduction to a charting technique.
The strategy is then thoroughly explained along with illustrations and examples. The chapter is accompanied with a video which outlines how to use this strategy, with examples. If you really like a strategy, you can follow the presenter and the strategy. There are thousands of dollars’ worth of trading tools, indicators, training and mentoring services, books and videos available at steeply discounted prices. In short, you will have all of the information you need to trade your new favorite strategy tomorrow. You will also learn about markets that you currently don’t trade, and you will find out if they are suited to your trading personality. We provide free ebooks, weekly articles, on-demand videos and many other publications for active traders.
Our presenters are world-renowned industry experts and our content is provided free of charge in a relaxed and friendly setting. These fun little strategies take the worry out of doing everyday chores and generally make life easier. Just like you can use life hacks to make life easier, you can use strategies to make trading the Forex easier. Every trader knows to watch the candlesticks, but how many know candlesticks enough to see their recurring patterns?
Few traders realize that candlesticks do more than show what the market is doing in that time frame, they also come together to create formations that expert traders can spot and use for profits. Some candlestick formations to take note of are the Bullish Tweezer Bottom, the Bullish Piercing Line, the Bearish Engulfing Candle and the Bearish Shooting Star. Each of these names gives an indication of the market direction and makes some connection between the candlestick and its wick. Spotting these formations early allows you to get into the market right before a major move occurs, thus increasing your profit potential and allowing you to strike while the iron is hot. When you come at the market with 20 different strategies, you end up stretching yourself too thin and you miss out on profits because you’re trying too hard. That’s why it’s important to limit the strategies you use to two or three at a max.
It’s not because it’s a handy number, or one that translates easily. It’s because there are three types of market movements, and it helps to have a strategy for each. Having three trusted strategies for each of these market conditions means that you should be more prepared to quickly review the market, whether the market is making for quick day trading movements, or is experiencing consolidation that spans ten or more days. You have something to analyze the conditions against, and the strategies to help you take advantage of these moves.
The number one question new traders ask is what time frame they should trade within. The answer to this varies, but the bottom line is You should always be trading on more than one time frame! It’s simple, time frames don’t work in a vacuum. Each one has an effect on the other, and patterns that appear in long-term trades make appearances in short-term tradesand vice versa. For example, if you’re looking to enter on the one-hour chart, you want to begin your analysis on at least the 4-hour chart or any larger time frame’s chart. The rule is to always have your secondary, larger time frame be at least four times the size of your initial time frame.