The road to consistently profiting from the market begins with the question, is becoming a trader right for you? Is it a career you’re looking for? A job? A lifestyle? Most people become or strive to become consistently profitable traders because they think it will bring them endless amounts of money and while this may be the case for a select few (less than 1% I would estimate) trading is a hard way to make an easy living. Really, what…
One of the most important parts of technical analysis is candlestick 101. The candlestick charting method was brought to the United States by a man names Steve Nison. Nison is known as the founding father to candlestick 101 in the western part of the world. His book, Japanese Candlestick Charting Techniques includes everything from the basics, such as constructing the candlesticks and learning the patterns, to advanced topics, such as the rules of multiple technical techniques. These candlestick charting methods…
The biggest trader on the Eurex Paul Rotter is said to be one of the most successful traders of all time, and he does it as a flipper. Here is a feature story from Trader Monthly magazine in 2004 on Paul Rotter, sadly the magazine has since been discontinued. You can read more about trading extremely profitable and futures trading for a living over at the EminiMind blog.