Lessons from the Pros

Mar 5, 2013 Issue

Featured Article

The Global Forex Market

I was recently leading an online Forex trading session. In the program, I was teaching through trading, analysis, and lessons. Being very active in the Forex market in the XLT and knowing all the marketing out there for trading Forex, I am guilty of assuming that most people know and understand what Forex trading is… Read More »

Stocks

What To Trade

Deciding what to trade can be just as important as how to trade it. Traders often spend so much time trying to learn trading strategies and perfect their platforms. They then struggle to find the right stocks to trade for the type of market that is offered for the day. I was teaching a Professional… Read More »

Forex

Stairsteps

Hello traders! You are welcome. In my last article, “Which Dirty Shirt Today?” I mentioned at the end of the article that the Yen pairs were all running into supply levels that were 3-5 years old, and would prefer a significant retracement before going long. Since the time of that writing and the time of… Read More »

Options

Turn and Turn Again

Last week I noted that Implied Volatility (IV) in general had moved higher, after being at an extremely low level for months. The last year’s range for the IV of the S&P 500 Index was from about 11% to 25%. That gives a median around 18%. In the week of February 18 the S&P’s IV… Read More »

Commodities

Futures Trading: The Hardest Easy Money You Will Ever Make

For years people have swarmed to the Futures markets, hoping to find the holy grail trading system and to get rich overnight. If you really believed there is such a thing as the holy grail trading system, then why don’t more people quit their day jobs in search of this elusive creature? Part of the… Read More »

Real Estate

Heard of Rent Skimming?

“Rent Skimming” is defined as: An owner collecting rents and deposits on property without making payments on the loan and pocketing the rents. In the economic climate we’re coming out of, my concern is if a property is in foreclosure or the owners are planning on letting the property go into foreclosure soon, individuals could… Read More »

Specialty Skills

Develop the Habits to Drive Your Trading Success

Has this happened to you as it did to Harvey? His eyes were at half-mast as he could barely focus on the chart staring back at him from the computer screen. He felt very tired like he had weights on his arms, and his mind was foggy. But, what was quite clear is that he… Read More »

India Markets

The Mental Game

When people ask me what training has helped me become successful as a trader, they are usually surprised to hear that it is my background in psychology. Of course, the ability to read price and understand technical indications is important, but even those traders who have the best plans and well thought out trading plans… Read More »