Traders spend most of their time researching setups for trade entries.
However, if finding good entries is the most difficult thing, finding good exits is the most emotionally challenging part of the trading process!
Paper trading is widely discussed regarding its merits, and whether it is of value to a trader as they try to make the transition to real money trader.
In this article we look at two related practices that are widely used called Backtesting and Data Mining. These are techniques that are powerful and valuable if we use them correctly, however traders often misuse them.
You may have heard it talked about, but exactly what is the 'Risk of Ruin?' In this article we look at the mathematics behind it and how you can avoid it by using money manangement effectively.
The book 'The Art of War' by Sun Tzu may seem to have little to do with trading on the face of it, however dig a little deeper and some striking parallels can be seen.
Why do people trade? For most, their primary motivation is to make money. Sure, there are secondary reasons however they all stem from the undeniable urge to make money.
Does placing your stop just above resistance or below support sees you taken out of a trade more often than not? In this article we look at alternative methods for identifying stop positions.
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