Exactly the opposite of a resistance area, the support area is on the floor, the bottom. The Support area is a floor that is formed by pivots (price action) hitting over and over again. Anything more than 3 pivots is … Continue reading →
The absolute number one thing you must – MUST – implant and stick to if you are learning day trading for beginners. Or you will lose, and you will lose a lot. Every single trader has tried to buck this … Continue reading →
Areas will be your number one indicator. They are free. They can be done on any platform, for any market you chose to trade and focus on. The resistance area is a ceiling formed by pivots (price action) hitting over … Continue reading →
LISTEN IN YOUR CAR or ON YOUR HEADPHONES Prefer to read it? Full Transcription Hey, Traders, it’s Marina, the trader chick, and today we’re going to be talking about is day trading lingo. You know, sometimes when you’re just starting … Continue reading →
The foreign exchange market (FOREX) is a global market for buying and selling fiat currency pairs. It is the largest global market with $6.6 trillion in currency traded daily. If you’ve ever exchanged money while traveling, then you’ve participated in … Continue reading →
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLAIMER: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.