Hard work and persistence in trading, just like with any other worthwhile endeavor, is often required for success. In this post I draw from a quote of the late William J. O’Neil to elaborate.
Author: tradingsossos
See daily chart of EURAUD below for the discussion that follows.
New traders often start out trading with what is known in the trading community as trading with scared money. This might not the best way to start trading and its often one of the reasons traders never get far. Let’s delve in.
See daily chart of USDJPY below for the discussion that follows.
Categories
Flags and Pennants
Flags and pennants are very popular short term, continuation chart patterns. They are very reliable and many traders trade them exclusively with great success. If you’re interested, please read on.
See daily chart of AUDNZD below for the discussion that follows.
See daily chart of EURGBP below for the discussion that follows.
One of the first things you’ll here when it comes to successful trading is sticking to your stops. While this is great advice, there is another part to the equation for profitable trading: Sticking to your profit targets.
See daily chart of EURUSD below for the discussion that follows.
Newer traders love to take on big risk. The idea is that the bigger the risk they take, the more money they stand to make.