Most professional traders I know have a process they go through before they consider entering the market. Some traders may word this process differently but at MTPredictor, we call it our 4-Step Trading Process. Show me a trader who is failing to have long-term success and I would be willing to bet they do not [...]
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 [...]
Today’s webinar covered both the basic trade setups that the software provides as well as some of the advanced trade setups that we located using the tools in the software. As always, everything we do is within the context of our 4 step trading process: 1. Find a trade. 2. Assess the risk/reward 3. Determine [...]
Once again, we come upon Fed week. This used to be a big event for the markets but once the Fed buried the interest rates at artificially low levels and held them there, it has been pretty dull for traders. Expect more of the same with this weeks announcement. This day will become prominent again [...]
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 [...]