The answer to this question is a qualified yes. Many people make a great income day trading the E-mini contracts from their computer at home. That being said, there are some important prerequisite skills you need to develop before you make your first foray into the trading world, and the first question you need to ask yourself is “Am I committed to learning how to day trade?” If you don’t have a high level of commitment to the task of learning, you should shelve your plans to day trade. The markets can be very unforgiving to those who think they can start a trading account and the markets will [...] Continue Reading…

Day trading has become popular in the last decade. There are many people now who make a successful living by trading different markets. Day trading or swing trading which is better?Day trading is often depicted in a glamorous manner in the trading literature. Do you know this that day trading is stressful and day traders are often referred to as the kings of stress. Now I am not saying that day trading is something you should avoid. There are people who are masters of day trading and this trading style suits their personality.However, in my opinion swing trading is a much better option. In day trading you have to sit [...] Continue Reading…

What if I was to tell you that day trading forex could potentially be the most dangerous and unprofitable activity for you and your portfolio. Honestly, there are better ways to trade forex than day trading, and easier ways to trade with much higher odds, but first let me explain these wild claims… Not only am I about to share with you the truth about forex day trading, I believe I will change your expectations and move your thinking towards trading higher timeframes with the aim of taking advantage of slightly longer term moves over several days of trading activity.  Let me begin by asking you how many successful day [...] Continue Reading…

Asking day traders to take the emotion out of their trading is like asking an athlete to not be competitive during a sporting event. Anyone that has ever been in either a losing or winning trade knows it’s virtually impossible not to react emotionally when day trading. We have to admit that the emotional rides through the trading day are part of the allure to trade. What we truly should control is our commitment to day trading discipline. Here are 10 rules that can play a positive role in your approach:1. Have a plan, Trade the plan – The most critical approach to your trading is to have a [...] Continue Reading…

I am sure that you have seen a news report or two that claims that 90% of all day traders “bust out” and lose all of their money. Further, the report usually depicts some poor fellow who has spent the family savings and is in the process of bankruptcy or losing his home.Is it true?Well, in a certain sense the stories are true. As a long-time trader, I have seen more than my share of day traders lose all of their money and been forced to leave the profession. Sometimes these individuals have left high paying jobs to day trade full time and are forced to re-enter the workforce [...] Continue Reading…

Before you begin trading the currency market you need to decide what your trading style is going to be.Each trader trades differently than the next. Some like to trade a single time a day, some trade the news and others use technical analysis, and some choose to trade multiple times each day in what is known as day trading or scalping (scalping is a trading style in which positions can open and close within minutes).You will need to decide what your personal style is going to be and master it.One of the most popular trading styles is Day Trading which, as I said, means making many trades during the [...] Continue Reading…

Day-trading offers many advantages over short-term trading or long-term investing. Typically a day-trader is out of the market at the end of the day, so there is no overnight risk. The day-trader watches the market in real time, enabling him to adjust his position live as the market develops. The frequent trades develops his skill much faster and will help to maintain it at its peak. Trades typically have lower risk with smaller losses and there is a quicker return when they are profitable.The disadvantages of day-trading are also many. Over trading is a real problem with most day-traders. Quicker analysis and decisions, along with faster responses, are demanded. [...] Continue Reading…

Day trading and swing trades have two things in common. Both styles of trading hope to make money from short moves in the market. They are not for the faint of heart. To offset the risk, of course, there is also the possibility of great returns! There is really nothing that compares to the excitement of completing a very successful trade. Some of these trades will last minutes and some as long as several days. Personally I enjoy day trading, swing trades are used less but still hold great profit potential.Day trading and swing trades are different in that swing trades are less flexible. Day trading proponents get out [...] Continue Reading…

In the current financial climate, it has paid virtually no one to hold sizable positions in the markets for more than a few days. Therefore, traders have continually focused on capitalizing on the volatility in the markets through holding shorter term positions. With that in mind, day trading is fast becoming the weapon of choice to profiting in the markets.Unfortunately, most new traders continue to use old ideas and techniques in an effort to grab profits quickly. In this article, I will provide a few trading tips that professionals use to find the maximize their day trading profits.First of all, it is important that you determine how you want [...] Continue Reading…

What is the 30 Minute Bias Indicator and how can I use it? What is the Bias Indicator (BI) The Bias Indicator is basically based on the share price opening range We will investigate: How to select stocks to trade Entry tactics Stop loss settingsThe Bias Indicator is defined in terms of time and price. The time element is simply the first X number of minutes in the trading day. The number of minutes used to define the Bias Indicator is your decision as a trader. I define the Bias Indicator as the first 30 minutes of the trading day. I have found this period to work the best [...] Continue Reading…