Day Trading is the practice of buying and then selling a stock all within a single day of market activity. Day traders dabble in a number of different financial instruments, such as Stocks, currencies, stock options, and Futures contracts such as interest rate Futures, equity index Futures, and commodities Futures.
It is not uncommon for a day trader to execute hundreds of trades in a single day, whereas others might only make a few trades. Some look for swings in prices that may last a few seconds or a few minutes. Such a trader literally will buy a stock and then sell it within a few minutes, or sometimes within 30 seconds or less.
Others look for changes in momentum and will hop in at the beginning of an upswing and then ride it out until the upswing is over. This is known as momentum trading. Another strategy that day traders often employ is called position trading, where they look for a stock that is likely to experience a significant increase in price over a period of a few days or even a few months. They hold their position until the price plateaus, and then they dump it.
Most average day traders […]

Full Article At: KnowHow-Now.com Articles

Trading Forex, while initially confusing to grasp, is nonetheless one of the easiest to trade. With the correct Forex trading method it is possible to consistently maintain a high winning percentage. This is not only rewarding psychologically but keeps morale and enthusiasm high - essential for the beginner.There is nothing like a string of profits to build your confidence.If you are looking for a risk free system with no losing trades, forget it. There is no such thing. What is possible, however, is to keep losses small and to ride out the winning trades as long as you can. Over time the wins will out pace the losses, leaving you with more than you started with.The relatively minimal time commitment and online convenience of Forex trading are also what make this an attractive investment financial vehicle for many investors. You can work as much or as little as you want - even just a few hours per day - and still have the plenty of opportunity for financial gain. (With wise trading strategies in place a trader can turn a profit when the market is going up or down.)Here are the Top 10 […]

Full Article At: KnowHow-Now.com Articles

Warning: stripos() [function.stripos]: Offset not contained in string in /home/gkissi/public_html/wp-content/plugins/wp-affiliate-pro.php(11) : eval()'d code on line 935

One of the basic problems facing most day traders is finding a perfect entry to execute a trade. Most day traders jump into a

trade without a well thought out plan only for the market to either retrace sharply and tick against them or only realize very

small profit with an extremely high risk trade. Hopefully, the points below will aid tremendously in judging a good entry.

1) Be patient enough to wait for entries that have two things: First, a high probability of immediate gain, and Secondly, a small

potential for loss if the worst happens and your stop gets hit. This principle applies to all entries and it’s useful to think

about it when you’re trying to decide whether to enter on a pull back or a continuation of a move.

2) Enter on a Pull Back rather than a continuation of a move: Entering on a pull back offers less dollar risk than chasing the

market because you can place your hard stop on the other side of support or resistance and risk only a point or two. Entering on a

pull back also gives you a better chance of gaining a point or so in the first 30 to 60 seconds of the trade.

3) Always have a stop in place for every trade and never hang around till your stop is hit. When the market approaches your stop,

don’t be tempted to move your stop and don’t be stubborn. Get out immediately as soon as it turns the other direction!

4) Whenever you find yourself hoping that the market will come back and get you out of a bad situation, you really have to EXIT

NOW!!!! Don’t even think about the commissions or any thing else JUST GET OUT!!

5) If there’s no pull back and the market just keeps going down or up, you just have to be a pro and let it go. All the lost

opportunity in the world will not take your account balance down but chasing a high-risk, low-probability entry will cost you.

6) Always plan your trade and trade your plan. Never deviate from your strategy. Pre-determine both your risk and profit before

each trade.

I hope the above Day Trading tips help you judge an entry for your trades.

George Kissi

Free Day Trading Course