Trading University Daily

Six Stages to Trading Success: 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. The first, ownership, which we will cover in today’s lesson, is the biggest roadblock, and the reason why most individuals fail to become successful traders. Ownership encompasses [...]

Directional trading, also known as discretionary trading, is what most retail traders strive to succeed at. In this type of trading the traders attempt to figure out the market’s current direction, and either position themselves in that direction at the most opportune time, or wait till the market changes direction and position themselves to be [...]

EURUSD Despite EURUSD’s outsized change-of-direction candle in November on the monthly chart, and a lower low earlier this month, this market was able to break up thru 135.00 relatively easy this week to shift the Weekly trend higher. Given the chart reflects everything the market knows about itself, the risk environment for EURUSD appears to [...]

Before you can begin to trade in a demo or live account it is important that you spell out your trading plan. Please don’t start with bad habits and try to “wing it” – you will only frustrate yourself and eventually blow out your account. This is very important because by writing it out yourself, and [...]

Daily Forex Report for 8/31/10  Click the link below to view Jay’s Daily Forex Report for 8/31 where he covers the major currencies and the U.S. stock market. http://link.brightcove.com/services/player/bcpid86410614001?bctid=600414489001 Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the potential that [...]

Directional trading, also known as discretionary trading, is what most retail traders strive to succeed at. In this type of trading the traders attempt to figure out the market’s current direction, and either position themselves in that direction at the most opportune time, or wait till the market changes direction and position themselves to be [...]