Are you a new or experienced trader fed up with losing money? Well, your problems are likely due to poor trade selection, your emotional decisions, or both. Both of which can be improved by following your strategy rules and neutralising your emotions. I want to reassure you, that you can succeed and make money if you’re prepared to put in the effort. You will also need patience and persistence. So, how do you turn things […]
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Trader Tip – How to Use Support and Resistance to Improve Your Trading Results
Today I want to talk more about Support & Resistance and how understanding some key principles will help you. These are taken from Lesson 2 in our Learn to Trade Program. Many new traders mistakenly believe that Support and Resistance (S/R) levels are like brick walls, stopping price movement. In reality, they behave more like trampolines. Price often tends to bounce away from S/R instead of stopping as soon as they reach the level.
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Are You Gambling or Trading Stocks?
Is Trading the Stock Market Gambling? Well, that all depends on how you approach the market. Let me explain. Online trading has exploded in recent years, attracting complete novices who think they can spend a few hours each week pressing a few buttons and end up making a fortune. The problem with this “Get Rich Quick” mentality is that you will likely end up losing your entire account. That’s because you will take on far […]
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Are You Making these Trading & Investing Mistakes?
Are you struggling to become a profitable trader? Do costly mistakes stop you from making more money? If so, you’re not alone. Learning to trade Stocks and Options can be one of the most challenging things you can do. It can also be one of the most rewarding. And when you eliminate these common trading mistakes your results will improve. If you’re new or have been trading for a while, you will likely experience some […]
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Options Trading for Beginners
Let’s talk about Options. What are they? How do I use them? Are they for me? I first discovered Options following the Global Financial Crisis in late 2008. It was then that I discovered the downside of using Stop Loss orders when stocks gap down in price. They don’t always reduce your losses. Reeling from the emotional pain of large losses, I was determined to bounce back and not suffer again. That’s when I discovered […]
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