Ever wonder how some athletes get to be "great", while others with much talent remain only "good"? While some talent is in-born, I believe the great ones cultivate a work ethic that is superior to those in the "good" camp. As the saying goes, "the harder I work, the luckier I get." Think about your preparation process as a...
Take calculated risks. That is quite different from being rash. George S. Patton Last week silver was the focus of incredible price swings which left many licking their wounds and shaking their heads at the trading losses they had incurred. This sell off was likely triggered by the increase in margin requirements for futures contracts, but the stunning price...
A Look at the Force Index One of the many indicators available to a technical analyst is the Force Index. This indicator was created by Dr. Alexander Elder and uses a stock’s price change and trading volume to gauge the strength of bulls and bears. The logic behind this is that by combining stock movement and volume, this indicator...
So you want to be a professional Forex trader? Here are some aspects of the job that you might not have thought of. 1. Have a dedicated working environment and structured work hours. Create a space for your trading that is solely devoted to that and make sure it is suitable for your needs. What kind of computer power do...
(The following article from an outside contributor gives an interesting explanation of the meaning and importance of implied volatility/Vega to option pricing. Supply and demand (especially from the Market Maker’s perspective) is also an important factor in setting implied volatility levels. Also, it’s important to remember that this factor is found in the time premium in options … so by...
5 Steps to Trading Like a Professional Trader So you want to be a professional trader? Here are some aspects of the job that you might not have thought of.1. Have a dedicated working environment and structured work hours. Create a space for your trading that is solely devoted to that and make sure it is suitable for your needs. ...
