Trading University Daily

In a conversation with a fellow trader I was asked, “Don’t you worry about being wrong when you’re pointing out trades in front of a room full of people?” Nobody likes to be wrong, especially in front of all your friends and clients. I thought about this for a moment, because while I fear losing money [...]

There are definitely times in trading where you need to know not to trade. Generally those times are when the majors are showing conflicting trends, such as today where the daily trend was up for EURUSD yet down for AUDUSD, and markets become tangled up on the intraday time frames. Currencies tend to give the [...]

Once you have chosen the market to trade, done your analysis, and are in the trade, you can feel free to relax, even walk away… once you’ve placed your stop. The only time you should need to be “on the screen” to make a decision is on the close of the candle for the time [...]

“It’s like deja vu all over again” was one of many quotes from the former New Yankee player and manager Yogi Berra, who put more emphasis on work ethic and results, than on style and appearance. I thought that quote apropos in describing the market action we highlighted today in our Live Market Exercise, given it was so similar to yesterday’s [...]

Monthly Forex Report for 1/29/11  Click the link below to view Jay’s Weekly Forex Report for 1/29 where he covers the major currencies and the U.S. stock market. http://www.forextv.com/forex-news-video/weekly-forex-report-for-1-28 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 changing political/economic [...]

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 [...]