|
||||||
 
|
In this age of economic turmoil, severe change is being forced upon a large segment of the population. Corporate bankruptcy, wasteful government spending, lay-offs, and plant closures are items we watch and read about everyday. What can anyone do? How does a person protect themselves and their family? One way is planning ahead and [...] The simulator is one of the most effective training devices ever invented. It allows students to practice their trade, whatever it is, without risk, at their convenience, in real time conditions. The aviation industry’s use of simulators is widely known, and is very successful. The most common way new traders gain proficiency is also by [...]
Everybody knows the old cliche about patience and all its virtues. In trading patience takes on a whole new meaning. When you combine it with greed, fear, and a fast paced market, you really begin to understand how important it is. For new traders this can be a very tough lesson to learn, [...] Many people think trading is a highly complicated, technical business, and it is, but believe it or not the tech. side is only about a quarter of what goes on. By far the hardest part of becoming a good trader is mastering the discipline, which is control of feelings in the heat of the moment. [...] Everybody who has ever considered investing has heard of stocks, bonds, mutual funds, and probably futures contracts. It’s interesting talking to people about trading in general. They often mention their experience buying and selling stocks, the implication being that they understand something about trading from time spent in the stock market. My experience has been the opposite. [...] Many people have heard traders refer to “going long” or “shorting the market”, but these terms can be difficult to understand unless you use them on a regular basis. In trading futures contracts, we have the ability to trade whether the market is going up or down. In the case of the S&P e-mini, the index movement [...] Many of you who are non-traders will recognize ticks as the little critters that torment moose and deer in the northern bush and can, occasionally end up in peoples hair, especially in early summer. In Chicago, on the futures markets, ticks are a traders friend. They are how we keep score. Each point we win or lose, [...] |
 |
||||
|
Copyright © 2010 Chartreaders Blog - All Rights Reserved |
||||||
