The saying, “As January goes, so goes the year.” is one that most market participants are aware of. As January comes to a close, we are about to get a potentially telling sign as to whether or not we will end the year on a positive not or not. The YM is up a couple [...]
It is said that 95% of stock and futures traders lose money. In the forex market, I have heard figures as high as 99% of traders lose money even though they are having more winning trades than losing trades. The reason is that most traders take small winning trades and big losses. They do not [...]
The following article is perhaps the best I have read as to why the vast majority of traders lose money. It is something I have know for many years but my evidence was based on my own personal experience and the experiences of the traders I have worked with over the last 16 years. This [...]
Several years ago on Meet the Press, former Federal Reserve Chairman Alan Greenspan made the comment that the Fed would not allow the markets to be the straw that breaks the back of the economic recovery. Three Quantitative eases later (call them what you will) and you would have to say up to this point, [...]
Today’s free MTPredictor trading webinar focused on the 4 step trading process: 1. Find a trade 2. Assess the risk/reward 3. Determine the position size 4. Manage the trade for maximum profit This process will help any trader at any level focus on the only thing a trader can control when they first enter a [...]