In my e-mini trading I like to isolate and measure multiple variables to look for convergence in those variables. Of course, I recommend drawing trend lines and support/ resistance manually, which is my current practice, and I use Better Renko bars to display price, range, open and close. In some respects, this is all you really need. On the other hand, a little help in analyzing price would be helpful.
What's With All the Secrecy and Trickery in Many E-Mini Trading Rooms?:
If I am having a slow day I often will cruise a few e-mini trading rooms just to see what other individual traders are doing. Generally, these visitations occur when the market is in a very tight bracket and I am just plain bored.
Enough Is Enough - How To Avoid Over Trading:
I am human. I make mistakes, and I am completely fallible. Even though I have been trading for a number of years, I still find that I have self-sabotaging habits that I need to keep in check. It's not always easy, but I find that the longer I trade, the less likely I am to make the same mistakes. As an example of the mistakes that I tend to make, I think my biggest one is over-trading.
Know Your Risks With Trading Options:
Risk is a core element of trading in the Stock Market. When trading any security at any level, there is no way to avoid risk, but only the ability to manage and minimize that risk. Any professional trader would agree that risk management is a critical component of building a successful portfolio over the long-term. And within that, the art of trading options carries risks, just the same. It is critical to your trading success that you recognize and understand the most common risks that come along with trading options
Most Novice E-Mini Traders Don't Care to Learn to Trade - They're Interested in Making Money:
The institutional trading firm where I worked spent several years and tens of thousands of dollars teaching me to trade. Many of the new traders I come across are motivated by over-hyped claims of fast money and untold riches. Several weeks ago, I had a potential e-mini trader ask me if "he would make enough money in the first year to buy a Porsche." I told him the probability of that happening was very low, and he replied that "he would find a teacher with a higher upside."
Detecting Trends in Forex So You Can Anticipate Better and Profit More:
Successful Forex traders have the ability to identify certain key events, and then anticipate the direction of currencies better than others. However, it is not just intuition and patience that helps them earn more profits. By the time they become expert traders, they know what type of indicators to watch out for, before making a move.
Start Forex Trading Online - Understanding the Reasons That Could Lead To Pitfalls:
Online trading may seem a bit too overwhelming for beginners. They will have to learn about different trading methods, systems, indicators, brokers, market drivers, trends, and forecasts. Trading mistakes cannot be avoided completely, but more errors can lead to both, mental anguish and financial losses, but it can be avoided.
Why Has Trading Options Become So Popular?:
Thanks to a highly liquid marketplace, you can successfully navigate any conditions in the Stock Market when trading Stock Options. Options have a multitude of benefits and advantages when compared to trading stocks.