There are no sure things in the world of day trading but there is one technique that comes pretty close. This technique is known as a free trade. Basically a free trade is when you open a trade and then wait for it to get to a certain amount of profit, and then you close out half of the position to lock in those gains. Next you would move your stop ...

In all the good trading books, it always mentions that you should make detailed records, mainly for yourself, but also for tax purposes. What they never seem to do is go into any detail regarding analysis. The goal and aim of a profitable trader is to constantly improve himself and make him the best he can possibly be. To do this, you need to analyse your trading results and then take ...

Mindfulness can benefit the active trader in many ways helping to improve their trading and their trading psychology. Mindfulness can help reduce stress, increase a trader's emotional intelligence, boost the trader's ability to maintain concentration and attention, and even help the trader develop a greater awareness of the market environment. Mindfulness is not well understood by the typical trader. Although it comes from Eastern traditions of Yoga, Buddhism, and Taoism and ...

Is there such a thing as the Holy Grail in forex trading? It depends. Almost any trader you meet will say absolutely not, and then go and continue to look for it. It's really quite oxymoronic. However, I say the Holy Grail does indeed exist. It's not a secret way to trade. It's not a way to profit 100% of the time. It is a forgotten way ...

Patience is a real virtue in trading and a key element of trading psychology. Many traders have "itchy fingers" and jump in and out of the market throughout the day. The inability to wait for a choice trade setup will undoubtedly cause damage to the trading account. For those having difficulty with keeping their patience, here are two tips that will put you in the right direction. Two Important Tips Step up ...