Market Theory

Secrets of Successful Traders

The Secrets of the Successful Trader… The trading game is as much played psychologically as it is physically executing trades. After the markets are closed is where average traders turn into successful traders. To be a successful trader it takes a specific skill set, but more importantly the proper mindset. The techniques, strategies, and lingo can be readily learned, it’s the other side, the psychological aspect which turns an average trader into a successful trader. Create a Business Plan –…

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Identifying Market Trends

When doing market trends analysis you are looking to identify not only the direction the market is moving, but whether or not it is moving in any direction at all. These are some things we look for when identifying the market trends. Questions to ask when Identifying the Trend Are we in a trend or counter trend on the monthly, weekly, and daily timeframes? Are we in a trend day or choppy day on the 15-min? Is volume on the…

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