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One of the most important preliminary requirements that should always be double checked prior to applying this strategy would be to ensure that you have your strategy set up properly. This means that you will need access to a reliable charting solution such as freestockcharts.com or MetaTrader4 along with have high volume stocks or low volatility currency pairs as your assets of choice. Currency pairs such as the Eur/Usd, Usd/Chf, Usd/Cad, Aud/Usd and Nzd/Usd are commonly traded currency pairs with this investment strategy. High volume stocks that you could consider…

A classic breakout trading strategy relies on two things for success. The first is the need to correctly identify a suitable breakout level. The temptation for new traders is to view every support and resistance level on the chart as appropriate levels to trade. However such an approach is unlikely to lead to long term success. It is important that you identify strong market levels or potential ‘break points’. The stronger the level the more likely it is that a break will see the strong move required. Levels that have…

When creating a news based strategy the ‘news’ that you trade will depend upon the asset that you are trading. Broad market moving news such as Gross Domestic Product (GDP), Consumer Confidence Index (CCI) and Trade Balance figures can have a significant impact on markets in general. These are key news items that drive the price of Indices and currency pairs up or down within seconds of release. You could of course choose to trade more granular news events such as company reports or results on Stock options. This is…

Intraday traders must constantly analyze the current behavior of prices in order as quickly as possible to make a decision to buy or sell. The use of such indicators as moving averages on the intraday charts is excellent for rapid analysis helps to identify current risks, and possible points of entry and exit. Also, moving the macro act as filters, giving information on whether or not to trade, monitor, or wait for more favorable conditions. Choosing the right moving averages adds reliability to all intraday strategy based on technical tools. In…

One of the main questions when you have everything set to trade is: how much are you going to invest. There are many tips about this to be found on the internet, but we’ll discuss the most important ones here. If you follow our tips on how much to invest, you’ll have the exact right amount set in no time. There are 2 types of investments you can make. First you have the total investment, or what we call the deposit. The other one is the investment per trade. We’ll…

There are many well-known traders who subsequently went completely the other way, not related to finance, for example, John Key (Prime Minister of New Zealand) and Jimmy Wales (Wikipedia founder). Our current list consists of people who have become known for steel and were traders. Life is the most famous in the world of traders painted a variety of colors — triumphs and tragedies, and, of course, the exploits of a number of «something difficult». The list starts with the legendary traders in the past and progresses to the present…