Over the years technology has revolutionised our world, producing invaluable tools and putting useful information at our fingertips. Thanks to these technological advances, becoming a professional retail trader is a possibility for all. Becoming a consistently professional retail trader, however, is another thing entirely. Trading is a demanding career choice and requires a specific skillset, … Continue reading Become a Professional Retail Trader in 2019
Tag: Beginner Trading
5 Must Read Trading Psychology Books
What separates a winning trader from a losing trader is psychology. Trading psychology, for those new to the subject, refers to the emotional aspects dictating a trader’s decisions. Irrespective of the trading plan employed, good psychology is a must-have trait for any trader. Learning to govern emotions and develop good decision-making skills will, unequivocally, improve … Continue reading 5 Must Read Trading Psychology Books
Moving averages explained
In the right hands, moving averages (MAs) are an exceedingly influential approach. Statisticians categorise moving averages as part of a family of tools for time series analysis. Technical analysts employ moving averages to smooth data over time, allowing a clearer interpretation of the underlying trend. Moving averages are particularly potent in markets that have a … Continue reading Moving averages explained
Combatting the Dreaded Analysis Paralysis
Common among newer traders, the temptation to incorporate as many trading indicators as possible is appealing. The rationale behind this approach is simple: if most of the technical studies reach a similar conclusion, buy or sell in the direction of consensus. While this may appear a reasonable technique, it encourages a phase known as analysis … Continue reading Combatting the Dreaded Analysis Paralysis
Basic Market Structure in the Forex Market
As the sea rises and falls along a shoreline, price action ebbs and flows in a similar manner. Perhaps one of the most disregarded facets of technical analysis, yet one of the most essential, is the identification of market structure. Many analysts identify market structure as an art form, constantly evolving from one phase to … Continue reading Basic Market Structure in the Forex Market