Make A Lot Using Trading Systems On The NetFew years ago lot's of us think about foreign exchange (Forex) trading like some program for professional businessman. The phrase "money using trading systems online" for us was taboo topics till now. The situation drastically changed to a greater extend and many people are getting into this popular business everyday with only one dreams, to make money using trading systems online. Today is...more
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Stock Trading Plan ExampleThis is the continuing story of our two imaginary traders, Peter and Paul.Peter is a professional trader, Paul is not. Peter has a tested, proven, written trading plan that he follows each time he enters a trade, Paul does not.Peter and Paul have had vastly different Stock trading experiences - Peter has just made another substantial profit - this time from the Bear market, Paul has lost heavily.A chance meeting with Peter's group of friends one day at lunch launches Paul on a learning curve that will see him become a good trader, but not without some hard lessons along the way.Today Peter shares his trading plan and the importance of having a trading plan with Paul."Today we will work on your Trading Plan," Peter told Paul as they sat down for the start of their next weekly mentoring meeting.Peter handed Paul a copy of Robert Miner's book, Dynamic Trading, and said, "Here, read this section of this wonderful trading book." Paul read to himself quietly as Peter poured them both a cup of coffee."The purpose of Technical Analysis is not to be able to accurately identify every market position, all of the time. While this may be the daydream of...more
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