Learn to Trade using technical analysis with Miss Wallstreet
I’ve decided not to place a trade today mostly for the reasons I’ll explain below. If you can look at the pictures for the three currency pairs I’ve chosen and figure out why you are well on your way to being a technical trader. Euro vs Dollar This is a shot of the Aussie Dollar [...]
The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they use [...]
i.e. why I haven’t gotten back into the Euro since November. I’ve gotten beat by my emotions before. I had a disciplined trading system and I decided to deviated from the system based on what I was feeling. If I was anxious to trade or if I felt that I had to trade each day, [...]
In order to trade like a robot, you will need to generate a set of rules and follow them religiously. Backtesting a trading strategy is the key to being a profitable trader. There are five steps to backtesting a strategy in order to determine if your rules are solid enough to go the distance. Steps [...]
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