Trading Diary: Why You Need One

The ability to learn from one’s mistakes is a valued asset in all parts of life. But it’s especially true when it comes to money. Investing is all about money and having a trading diary, regardless if you’re a day trader, or focused on the long term, is a must. Having a record of what…

Read More »

MACD: Moving Average Convergence/Divergence

Moving Averages combined with Convergence and Divergence – that’s how you can define the MACD (pronounced “M-A-C-D” or “Mac-Dee”, like Mcdonalds), another widely used technical indicator. The specific thing that makes it stand out and hold a loyal following is that it provides signals in a clear way by interpreting two different moving averages and…

Read More »

Exponential Moving Average Explained

The Simple Moving Average (SMA) is undoubtedly most popular among its siblings but its Exponential Moving Average (EMA) cousin also has a solid fan base. It’s actually quite similar to the SMA with the one difference being that more weight is given to prices that are more recent. The idea behind this is that it…

Read More »

Moving Averages: Learning the Basics

Moving Averages are loved by both small traders with several hundred in their accounts and analysts at banks and hedge funds performing technical analysis. Why is that? The idea behind them is that they eliminate noise and short-term distractions from the larger trend. That’s why they’re defined as a lagging indicator, following trends and showing…

Read More »

RSI – Understanding the Most Popular Indicator

The Relative Strength Index (RSI) is probably the most popular indicator. Why is it so widespread? Maybe because of how universally simple it actually is or maybe because it aims to provide clear buy and sell points. That was indeed the intention of technical analyst Welles Wilder, who came up with it in 1978. He…

Read More »

Technical Indicators: Beginner Guide

Technical indicators can be a traders’ best friend. They are like searchlights showing the path and deciphering complex situations where prices move in unexpected ways. But they can also confuse and obscure the picture. That’s why we decided to go over their building blocks and show how technical indicators should be used correctly. So let’s…

Read More »

How to Plan a Trade in Advance?

Two clicks and you’re rich. That’s what trading looks like to many of the traders that decide to have a go at the markets. But when you actually make a trade, it’s just not like that at all. Trading is just like any professional activity that has the ultimate goal of achieving some sort of…

Read More »

More vs Better Trades? Which is Best?

One of the most important challenges that new traders face is how many trades they should make. This issue can be the result of different types of experience – fresher traders might have a cautious approach and do less while they gather a bit of confidence. They could go for the guns blazing approach too…

Read More »

6 Important Habits of Successful Traders

Plan your trades in advance and follow through Knowing the open and close price for your positions is what good traders do in advance. This helps against impulsive decisions that usually don’t take all factors into account. Keep a diary Record your trades in a file or on paper. That way you can go back…

Read More »

Overcoming our Fight or Flight Instinct to Trade Better

All of us approach trading in a different way. Depending on our age, gender, social status and experience we are more or less patient or aggressive. But one thing lies beneath the surface of all of us – our fight or flight instinct. Some are more analytical and good with math, others go with their…

Read More »

How Many Instruments Should You Trade

When you first open a trading account you see a huge number of instruments. Currency pairs, stocks, indexes, gold, oil and lately cryptos like bitcoin and ethereum. It’s a whole new world full of opportunities. It is indeed better to have a choice but making the right one can actually be the difference between failure…

Read More »

Discipline in Trading: Why it’s so Vital

Winning several trades when you start trading can feel great. Phrases like “I can do this”, “I’m good at this”, “This is easy” come into your mind. This is one of the first and most critical mistakes new traders make. It’s not about luck, it’s about discipline! Trading is not easy. There are thousands of…

Read More »

Trading Losses and How to Handle Them

Trading will always bring fortune and misfortune to those in the market. Just like in life, the inevitable ups and downs are a natural part of this particular human activity. But there are ways to make the most of losing and turning it around to your advantage. Here are five tips on what to do…

Read More »

Money Management in Trading

Money management doesn’t seem to be the first thing on people’s mind when they start trading. It doesn’t look as sexy and exciting as doubling your money, or going on a winning streak of trades. But as more experienced traders know – it’s a crucial part of making profits and coming out on top. How…

Read More »