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The key to longevity as a trader is having the awareness and proper pacing knowing when to trade and when not to trade. As humanoids, we are subject to our emotions. It’s impossible to disconnect emotions with trading no matter how much we’re told to disconnect from them. But the more aware we...

I use Benzinga Pro Essential, it is a good option because the annual subscription is less than the monthly one

The biggest differentiation between “market risk” and “trader risk” is how they can be controlled. Market risk is uncontrollable – I am at the mercy of the markets. Trader risk is controllable, as I can react to the market however I choose.

For newbies, this may be overkill so it’s a good idea to start by hand and work your way up to automation if the need occurs. Automation is most suitable for high volume active traders as opposed to swing traders that only make a handful of trades a week. The downside of automatic trade tracking...

It is true because risk management is an important component and many do not understand it. The cliché “The best defense is a good offense” may apply in sports, but in the world of trading, defensive risk management enables you to live to fight another day. It buys you the time to find and...

I would recommend to use trading simulators prior to trading with real cash. However, try to avoid these mistakes: using unrealistic trading size, using trading strategies that aren't relevant, ignoring the emotional component, being impatient, being impulsive. Once you have a track record (and...

I agree. However there are many enthusiast focusing too much on how much money they can make, but instead they should focus on how much money they could lose.

To avoid common mistakes, you can create your own rules and stick with them. Some rules may be adaptive to the market trading environment like increasing max size for a specific type of high probability set-up. Some rules are not to be broken, like stopping for the day if max drawdown of – 10%...

Demo account is mostly used to practice, test your strategy, familiarize yourself with a new platform. However, with demo trading, the psychological aspects of trading don’t come into play, like fear and greed.

Hey, man… thank you again! I really appreciate it! I am doing that, I have never stopped educating myself and it’s good that there are people that share their experience and knowledge for free.

If it's not too much of a hassle for you can you share some info on that too, it would be very valuable?

Oh.. okay. I understand. A lot of food for thought and matters to educate myself on. Thank you all for your inputs!

And how do I know if I have one?

Well, I am asking because it is one thing what you sign and it is another thing what happens in reality after that…

Guys, how do I know that my trades are being executed the way they should be and the broker is not playing games with me? I have traded some forex a while back when I knew absolutely nothing about the markets and for example I remember they used to widen the spread during volatility. Can they do...

I think we should expect a lot more volatility. The idea of a soft landing is a bit of a fairy tale.

You know that you must not get comfortable with whatever… One day you have it, next day they are gone – censored, canceled or converted into a paid subscription as someone said, hah. Try to be resourceful yourself and keep finding the next one.

After abandoning its view that inflation would be "transitional," the Fed had to aggressively catch up to counter high and damaging price increases. However, the central bank lagged far behind and is now forced to raise interest rates sharply amid slowing local and global economies. Thus, the...

In my opinion, DMA broker is mostly for professional traders who need good stock borrow, fast order-entry systems and reliable market data. The fact that you can do self-directed routing is of significant importance. A good broker will offer superior market data speed, hot keys, order sending...

I agree, it seems like his conscripts are only dragging out this war and they may never win it, which could stabilize the $