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Watch Steve Nison’s latest training video on support/resistance on the S&P 500 Index. The explainations will help new traders understand the importance of S/R in chart reading.
On the Forex, pound/dollar, Steve explains a “box range”, and how and where a breakout might occur.
If you’ve bought gas anywhere in Canada or the U.S. recently, [...]
Learning from those with more experience and more training is an ideal way to speed up our own trading education. [...]
Written by Barry Desautels
Trading plans are one of the most important tools in your arsenal as a trader. This document is your guide and something that needs to become a good habit.
When I first started trading futures contracts, I designed a form that allowed me to lay out a weekly plan. I [...]
Written by Barry Desautels
Trading is an individual “sport” for the most part. Each buy or sell decision comes down to one person, (you), making a final assessment. Each of us arrives at that point in our own way, based on the level of knowledge and experience we possess and what our emotional thermometer [...]
Written by Barry Desautels
Aside from trading terms and miscellaneous vocabulary, the real traders’ language is in the charts. This is where the orders are recorded causing the buy or sell signals to appear. Charts are used to track many things, but in the trading business, they are used to record a variety of [...]
Written by Barry Desautels
The next time you walk through your local hardware store or building supply center, notice the variety of products for sale and the volume available. Try to imagine what it must be like to select, order, organize, and maintain such a large number of items. If the store is part of [...]
Written by Barry Desautels
Predicting price movement and direction is a challenge faced by all traders. There are a number of news events that will move the market, however the severity or size of the movement is unpredictable. Most traders will stand aside 10 or 15 minutes before and after these announcements.
Non-Farm Payroll is a [...]
Written by Barry Desautels
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 [...]
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 [...]
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 [...]
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