FinanceAdvisor

Starting out in a different manner than most, I earned a masters in an online accounting program. It all started when I bought new financial software to help me manage my business accounts. However, the program did nothing but confuse me. With various charts to track the business information, the program was not meshing with my understanding. I really needed to educate myself. continued…

Let me tell you, there are no shortage of ways to pick out winning investments & stocks in the global markets. The one thing that practically all successful investors have in common is their thirst for knowledge & information of the markets they “trade” in, and the use of a “system” that they follow. continued…

Even if you conduct a fundamental analysis on your target company, before you invest, you will want to use a few tools to help you dig deeper and discover more about the company. Sometimes, this can be more useful than any charts or graphs you can obtain. continued…

I was devastated!

I just couldn’t believe it. I was 10 years old and my dreams were shattered. I never wanted to look at another model airplane again!
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Studies have shown that you should never risk more than 2% of your float on any trade. Why 2%? Well, in fact, many day trading professionals will tell you that 2% is too much. They`ll risk 1% or even as little as a quarter of a percent on any trade. Whatever percentage you pick, the idea is to ensure that no one trade is really going to affect your day trading float, positively or negatively.
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At some point in the insight trader`s career, he will be faced with a string of losses that will bring his confidence to an all-time low. Every active trader hits this point at least once, and some will visit it several times. This active trader will reveal to you ways to successfully deal with this problem.
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Option trading is one method of trading that you can partake in. But, in order to take advantage of it, you need to find out just what it is and how it works. This will help you to make decisions that will affect you throughout your trading experience. Here is some basic information about option trading to help you.
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In Part 1 of Designing a Trading System in MetaStock, I had discussed the major components you needed to be able to track to create a mechanical entry system. These were measures of price, liquidity, trend, and volatility. The question now is, how do we code this into MetaStock?
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We often hear that 95% of people who try trading for a living fail within the first year. These are not very good odds and it is natural for new traders to wonder if they have what it takes. In this issue, I give you a list of 20 characteristics I believe could be found in most winners. I also included some Truths about trading.
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It is said that trading is 90% psychological and 10% methodological. Does this then imply that regardless of trading method, a trader that has control over their emotional issues will thus be a profitable trader, or will it be impossible to ever control emotions without the proficient implementation of method? The trading method viewpoint will suggest that not only are these statistics not the case - trading psychology does not exist. Trading method will be the determinant of profitability, and this will be done through: (1) the ability to understand the method’s inherent strengths and weaknesses (2) the ability to maximize these strengths and minimize the weaknesses.
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