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Sheep, Pigs, Cheetahs and Lions: The Four Personalities of Traders (Part 3 of 5)
Thursday, September 4, 2014 - 5:00pm | 1888In the second part of this five part series on the animal personalities of trading, you learned about sheep and their fearful tendencies. A pig is the next personality type. You may have heard personality types being referenced before as sheep and pigs as being fear and greed. A pig will try...
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Don't Let the Ticks Control Your Trades
Thursday, September 4, 2014 - 4:59pm | 2534So you want to day trade futures or maybe you already do, but the amount of risk on each trade leaves you squeamish and your pulse racing every time you enter. What if there was a way to trade the futures without so much risk? Well, there is! Take a look at this example of how to trade a Nadex...
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Sheep, Pigs, Cheetahs and Lions: The Four Personalities of Traders (Part 2 of 5)
Wednesday, September 3, 2014 - 6:48am | 1911The first trader personality or mentality is a sheep. A sheep is lost. They’re afraid. They do a lot of demo trading and don’t have a lot of focus. You can identify a sheep when they've been testing for three or more months. What do they think they are going to find out in the...
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Sheep, Pigs, Cheetahs and Lions: The Four Personalities of Traders, Part 1
Thursday, August 28, 2014 - 7:10am | 1454Have you ever thought of yourself as an animal? You were relating to the animal because you saw yourself as taking on those characteristics of a certain beast. There are four very defined animal personalities that we can all take on as traders. To self-analyze yourself and identify with that...
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Staples Has A New Meaning; Will It Matter?
Wednesday, August 27, 2014 - 3:10pm | 785The Staples (NASDAQ: SPLS) consumers once knew no longer exists. They might find bits and pieces of the old Staples at some stores and online, but this company is transforming. The best way to understand the difference is that with the old version, the name referred to actual staples, as in...
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When Trading Nadex or Anything Else, Learn How to Stop!
Wednesday, August 27, 2014 - 7:06am | 760Contrary to what some believe, trading isn't gambling. However, as traders, it might be a good idea to learn from “The Gambler” a little advice. As Kenny Rogers sang in his song by the same name: "If you're gonna play the game, boy You gotta learn to play it right...
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Using Nadex Spreads to Straddle the GBP Unemployment Report
Wednesday, August 27, 2014 - 7:05am | 1280There’s a news report coming out. Do you straddle it or strangle it? It can seem very confusing trying to learn the terminology. During The Diagnostic Trading Hour on August 13, 2014, the terms were clearly defined and an example was presented of a straddle placed according to news...
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Who Knew There Was So Much To Know About Trading Forex?
Wednesday, August 20, 2014 - 9:18am | 1291After studying, practicing and demo trading Forex, you decide you’d like to try trading with a live account. You have one set up, but you admit that it’s smaller than small. Will the strategies you’ve been working on continue to bring you good results when you go live? Is it a...
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The 411 On Forex News Trading
Wednesday, August 20, 2014 - 9:17am | 1274Trading Forex with the news can bring up a few questions: What kind of strategies can be used? How soon should a trade be placed before the news? What are the risks? To begin with, the term Forex needs to be defined. There are many types of Forex: Futures Forex, Futures Forex options, CFD...
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Protecting Profits & Letting Profits Run On Out Of The Money Nadex Binary Options
Monday, August 18, 2014 - 8:33am | 1258You may have heard the saying before “Limit your risk and let profits run.” It’s actually a great trading and money management mantra. However, in live trading you have to take it a step further as you don't want a winning trade turning into a losing trade. You want to...
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Nadex Announces New Strikes And Adjusted Strike Widths
Monday, August 18, 2014 - 8:32am | 582Last week, Nadex announced some meaningful changes they were making to their binary contracts. Before we get into that, who is Nadex? Nadex is the North American Derivatives Exchange is based out of Chicago and is regulated by the U.S. Futures Trading Commission (CFTC). Nadex allows traders...
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Is This Some Kind Of Secret Code?
Thursday, August 14, 2014 - 4:05pm | 793You've decided to start learning about and trading either binaries or spreads. As you start looking around the different websites, there seems to be a secret code of letters and numbers, like this: CLV4. You try all the decoders you ever made up during your childhood and then you search on...
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What Separates The Professional Trader From The Average Trader?
Thursday, August 14, 2014 - 4:04pm | 1301Professional traders trade to make money for a living. There are a lot of traders out there that strive to achieve that goal of making enough, or more than enough for a living. To be a professional trader, though, a person needs to think like one and practice like one, or their trading will...
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How You Can Stay One Step Ahead With Price Action Mastery
Tuesday, August 12, 2014 - 8:44am | 1064Mastering price action gives you an edge to understanding how markets move. If you can understand how markets move, then you can be one step ahead of the market, which is the heart of diagnostic trading. Price action is also one of the three fundamentals, or pillars for successful trading...
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How to Stay One Step Ahead of the Market
Tuesday, August 12, 2014 - 8:42am | 1414Does it sometimes feel impossible, to be one step ahead of the markets? Do you feel like the market actually knows where your stops are, as if it’s hunting yours and you keep getting stopped out, or stopped out more often than you like? Well, you may be partially right. The market...