Trading 101 Lessons
A couple of weeks ago, I had a Skype consultation with “Bill.” He’s a new trader who started over the past few months but not a stranger to markets, having actively invested in mutual funds and his retirement for a long time. On our call, we covered a wide range but there was one topic…
Ever ask someone that trades what kind of trader they are? If so, you’ll probably hear a response like this… I’m a day trader. I’m a trend follower. I’m a quant. I trade ETFs. I’m a mean reversion trader. I’m a swing trader. ….
Gone are the days where the retail trader was limited to cable networks or expensive private subscriptions for news and discussions about stocks throughout the day.
Eighteen thousand three hundred and sixty-four dollars. That was the total cost of commissions I paid to Scottrade when I just started trading. My trading account was around twenty-five thousand.
How to Get Started Swing Trading Stocks is an introductory guide for new traders looking to get active in the stock market. We start right at the basics, defining what exactly swing trading is, why someone would want to do it, and all of the important high-level resources and knowledge a trader should have in order to succeed.
If you’ve ever looked at a stock chart before you’ve likely already encountered these things called moving averages. They’re the most common indicators technical traders include on their charts and they’re used to assist in analyzing price. They come in all colors, exist on all time-frames, and move in a variety of speeds. Throughout this article…
photo by Frits Ahlefeldt-Laurvig Before you even think about taking your next trade you better first assess your risk to reward ratio to make sure the trade is worth taking. Isn’t that what the trading books tell us we need to do?