Trading University Daily

Regardless of the short-term implications of the current battle between speculators and the ECB over the direction of the EURUSD, the long-term economic prospects look much brighter for the U.S. economy than the European economy from the perspective of the most important fundamental input: demographics. While it is important for an economy to have a [...]

Markets have always maintained correlations based on shared fundamentals and competing investors. The most talked about correlation in recent market history was cemented in 2009 between asset class markets, currencies, and commodities by QE I in 2009, and QE II in the fall of 2010. By dropping interest rates to near zero and allowing banks to exchange [...]

The Six Stages to Trading Success: Stage Six 1. Ownership 2. Planning 3. Working 4. Analyst 5. Artist 6. Trader Once you understand that discretionary trading is an art, and you’ve completed a trading plan based on sound analysis, and then demo or micro traded that plan profitably through six months of live trading, with the full understanding that it is [...]

The Six Stages to Trading Success: Stage Five 1. Ownership 2. Planning 3. Working 4. Analyst 5. Artist 6. Trader The first three stages are obstacles, while the second three involve the process of learning to trade. Today’s lesson covers stage 5 of the six stages: artist. Artist rhythms with chartist, whose canvas is the computer screen. You need to be [...]

 The Six Stages to Trading Success: Stage Three Ownership Planning Working Analyst Artist Trader The first three stages are obstacles, while the second three involve the process of learning to trade. Today’s lesson covers step 3 of the six stages: working. In stage two, planning, we covered the importance of selecting a trading methodology which [...]

The Six Stages to Trading Success: Stage Two 1. Ownership 2. Planning 3. Working 4. Analyst 5. Artist 6. Trader The first three stages are obstacles, while the second three involve the process of learning to trade. Today’s lesson covers the 2nd phase to achieving trading success: planning. Nothing that has stood the test of time in this world was built [...]