Something Interesting in Financial Video - page 8

Perfecting Trade Exit Strategies

Trade exit strategies form the part of your trading plan that help your profit management. Buying the correct stock and the correct number of stocks is all to no avail if you do not know when to exit a position. In fact, having a definitive exit strategy is as important as defining your entry.

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The threads on the forum : 

• Exit Strategy : What's yours?
• Which strategy is best to close the position?

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Videos :

• Simple example about entry and exit method for swing traders (D1 timeframe)
• Effective Forex Exit Strategy For Traders
• The Importance of Exit Strategy, part 1
• The Importance of Exit Strategy, part 2
• The Importance of Exit Strategy, part 3
• The Importance of Exit Strategy, part 4 - guidance of great traders

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Articles :

• Evaluation of Trade Systems - the Effectiveness of Entering, Exiting and Trades in General
• 20 Trade Signals in MQL5

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Becoming a Better Trader – Utilizing Multiple Time-frames (Video)

In this webinar, we discussed how to use multiple time-frames and take a top-down approach when analyzing markets. This not only helps put the prevailing winds at your back, but can also guide you towards better entries, thus improving the average risk profile of a trade (as we always discuss, risk management is paramount to trading success). We examined a few key tenets to start, then delved into a few past and current examples for a comprehensive overview.

Video Lesson: How to Trade - The Leverage

One of the great things about the forex market for individual traders and one of the reasons we are starting with the forex market as our first market specific course is the availability of real time demo accounts. Unlike the equities and futures markets where one must pay the exchanges to get access to real time data, most forex brokers not only provide free real time quotes and charts but they also give you access to the same platform that their live traders trade on and the ability to trade there with virtual cash. This is a nice perk especially for beginner traders, as it allows them to get to know the market and the logistics of placing trades in a real time environment but without risking any real money.

Leverage in forex = Purchase Power/Capital Invested = $100,000/$1,000 = 100

This leverage ratio of 1:100 is translated as following:

• For every $1 I deposit in my forex broker's account, my broker in return deposits $100 in my margin account. So, if I deposit $1000 then my broker deposits $100,000 in my trading account. So with just $1000 of my own money, I can control $100,000 for my trading purposes. By doing so I created a leverage in forex.

Remember, a 25% loss requires a 33% return to get back to break even. If a 25% loss in a fast moving market is difficult enough to overcome, imagine how challenging it would be to overcome a 25% loss in a slow moving market. Therefore, de-emphasize each trade and think of the next trade simply as the first of ten trades rather than the next homerun.

You can reduce the emphasis by implementing less than 10x effective leverage. Effective leverage is simply taking the total notional trade size and dividing it by your account size. The result will indicate how many times you have your equity levered. According to our research, we recommend implementing less than ten times effective leverage.

Incorporating smaller trade sizes and less leverage will alleviate the stress of having to produce a profitable trade. As a result, you’ll be more likely to let the trade develop and let the trade evolve in the way the patterns indicate.

VIDEO LESSON - Introduction to the British Pound

Kevin 'Huddy' Hudson - The Basics of Market Profile 

Kevin “Huddy” Hudson is a full-time trader and coach to fellow traders specializing in the S&P E-mini futures contract. He has spent many years perfecting his entry and exit techniques using channels and trend lines along with critical Market Profile levels to find and trade both minor and major support areas. He has made a living trading the markets for more than a decade. As the founder of Channel-Trading.com, Huddy loves to pass along his thoughts about the market and trade ideas to subscribers and students. Nothing makes him happier than seeing a student actually “get it”.

In this webinar we will cover the basics of market profile

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MT5 CodeBase :

• MarketProfile

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External articles :

• Market profile in wikipedia
  
• Market Profiles/Meta-Profiles Develop Market Structure, CISCO Futures
• Technical Analysis : Market Profile, CME Group

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Introduction to Market Profile