Stocks, Forex, Futures, Options, Commodities or whatever you trade. A Successful trading consists of three factors as follows: Psychology for 50% Money Management for 30% Market Analysis and Trading Systems for 20% For many traders, they spend most of their time looking for good trades and only focus on the last factor, Market Analysis and […]
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The Secret Art of Backtesting
If you have not back tested your trading system, you might as well trade with your eyes close. In fact, whatever technical analysis criterion you use to trade with, be it moving averages, candle sticks, volatility breakouts, fibonacci retracements or any other trading system you have devised you’re going to need to back test your […]
The Matter of Time in Trading
Chart patterns that offer trading opportunities form equally through all time frames. The setups remain valid in chart of every time frame, whether they appear on 5-minute or monthly bars. Each time frame attracts a specialized group of traders that interacts with all other groups through the universal mechanics of greed and fear. This results […]
Turtle Trading – A Complete System
The Turtle Trading System was considered as a complete trading system. What are components of a complete trading system? A complete system must cover each of the decisions required for successful trading, which consists of 6 components as follows. 1. Markets – What to buy or sell Normally, traders want to trade in high volume […]