Gold has always been considered a haven for capital. The obvious proof is that governments keep a reserve of gold. They do so because in war the only money the losing side can use to buy things is gold, because in extreme situations government promises are worthless and only gold is acceptable for payments....
Secrets of Billionaire Traders Who Use Technical Analysis Futures Trading Articles
It is clear that Technical Analysis has worked in the past and continues to work for many successful traders and investors today. In fact, technical analysis has helped some traders become billionaire traders. But what are the common aspects that are being used by these successful market technicians?
Unfortunately due to the extreme secrecy surrounding nearly all of these traders, the specific methods that they use are not known. However, I did uncover the following:
* Mechanical trading models were used my many of the most successful.
* They all used clearly defined systems and stuck to their rules.
* Many of them back tested their ideas before implementing them in the real market.
CHAPEL HILL, N.C. (MarketWatch) — Does the breaking of the 200-day moving average mean the stock market’s major trend has turned down?
That was certainly the worry on June 1, when both the Dow Jones Industrial Average DJIA, -0.85% and the S&P 500 SPX, -0.37% closed below this crucial technical level.
Adding to this worry was the very real concern that the violation of that level would precipitate a waterfall decline — triggered by the many mechanical trading programs automatically keyed to the breaking of this moving average. (Read blog post about such worries.)
To be sure, the market defied those worries and almost immediately turned back up, and for the last week has remained above its 200-day moving average.
But on Monday of this week the market fell back to within shouting distance of that average — and any day’s trading session now carries the very real potential of that average being broken again.
The forex market is the largest financial market in the world, with more than $5 trillion traded on average every day.1 But while there are many forex investors, few are truly successful ones. Many traders fail for the same reasons that investors fail in other asset classes. In addition, the extreme amount of leverage—the use of borrowed capital to increase the potential return of investments—provided by the market, and the relatively small amounts of margin required when trading currencies, deny traders the opportunity to make numerous low-risk mistakes. Factors specific to trading currencies can cause some traders to expect greater investment returns than the market can consistently offer, or to take more risk than they would when trading in other markets.
Meditation – The Secret Weapon to Becoming a Better Trader
Do you find yourself repeating the same mistakes in trading over and over again?
Perhaps failing to pull the trigger when you have a perfect setup right in front of you?
Or find yourself afraid to take a new trade for fear of losing?
How about ‘knowing’ what to do, but being unable to do it in real time, yet you can do it perfectly on demo?
The answer to any and all of the challenges above you experience in trading comes down to two things:
1) How Your Brain is Wired
2) Your Mindset
The good thing is you can re-wire your brain for success in trading and life. And luckily you can do this in just a few weeks, for only minutes per day.
In this infographic I explain how top wall street traders meditate to improve performance, how different practices produce different results, and how you can improve your brain for trading and life in just a few weeks.
Comment below with your thoughts on this meditation for traders infographic.
-What is the most important stage to making money trading?
-What trading and mindset skills you need to become a profitable trader?
Since February of 2018, I’ve been envisioning how I want to build a complete trader training program that will teach you the stages, skills and mindset you’ll need to build to become a highly profitable trader who can pull a million dollars out of the market. I actually started working on this article over 6 months ago, and it has finally come to fruition.
If there was only one trading article you could read on my site, this would be it, so grab the popcorn as it’s a heavy hitter.
The goal of this article is to teach you about the 4 stages to becoming a millionaire trader. It’s designed to be a roadmap and structure for how to get from where you are now (likely struggling) to becoming a professional trader who can make a million dollars trading the markets.