Professional Trader Ltd

One of the big mistakes that people make about trading the markets is that they believe that they have to be doing something original or indeed very clever in order to make money from the markets. This really is not the case. In fact, in many ways, it is the exact opposite. The basic concepts that are being used today by both small home-based traders and bigger funds are pretty well exactly the same as they were 40 years ago. For instance, breakout strategies were being used by Richard Donchian in the 1920s and were subsequently used by the famous turtles in the 1980s and are still being used, in one shape or another, today. So that the basic concept has remained valid for pretty well 100 years. One simple concept or bias that you can use immediately in your own trading on the indexes is to simply trade the volatile days. Most of the time the market is meandering a little up and then a little down and making no real progress. However, occasionally some big news event occurs or ch...

The stock market timing systems can come in all shapes and sizes and vary from timing entries and exits intraday to timing very long term trend following system entries and exits. Certainly, for short term day trading systems a great place to start is some form of time of day filter. The highest volumes occur at the start and end of the session whilst the middle of the session can be often quite quiet and flat. Many timing models, therefore, look to trade only during these early and late sections of the session.  The most common methods will enter some time in the 1st couple of hours of the session and try and hold into the close. These tend to yield the biggest intraday profits because they wind up holding the trades for more or less the entire session. Some of the highest probability systems that I have seen tend to trade late in the session. This is based on the fact that a market that has, for instance, been rising for most of the session is likely to continue moving...

Learn to trade So if you are a beginner who wants to learn Forex Trading or even an experienced trader who is not making money in forex then take a step backwards and initially learn to trade  using the simple techniques that traders have been using for nearly 100 years to take profits in the markets. New traders who are learning to trade forex often make the classic mistake of applying multiple indicators to a price chart thinking that this will give them multiple confirmations and lend additional weight to the signals. In other words if you have five indicators on a chart  and they all indicate a buy  then it is far more likely to be a successful trade than if you have two indicators on the chart indicating a buy. This really is not the case and can be proved by computer testing.  If you want to learn to trade successfully step one is almost always to remove some or even all of the indicators from your charts. For those that want to learn forex trading in ...