Buying and selling areas are critical

 You need to set daily profit targets. When you hit these targets, you should think about your next trade or stop for the day. Traders need to stop when they are winning and stop when they lose. You should give yourself a trading plan that includes this. Traders should be charting, analyzing, processing or executing while trading which takes discipline. Stock traders must become aware of what is between you and keeping commitments with consistent trading. In learning the mental game and keep emotions out of your trading.
 Traders need to recognize where buyers and sellers are located on your candle stick charts, most violent moves and then retracing those moves back to their point of origin. Look for important shifts in candle clusters, or pivot highs or lows, across all time frames, then zero in tactically into those buy, and sell areas depending on your trading plan. other indicators or charts with technical analysis can be added as confirmation tools. The chart indicates where buyers and sellers are evenly matched which can be a buy or sell area.

Daily profit targets

Forex trading Reviews

When trading the forex markets you need to learn to deal with losing trades. This is where using a stop loss will keep your losses small. You need to let your winning trades run and use a trailing stop. Check your charts for support and resistance areas to set your stops. Not every trade can be a winner so you need to except the fact that you will naturally have some losers.   If you are new to trading the currency markets you should not trade around news release times. The markets can be very volatile with wide swings in the pairs price. You will make money by staying with the trend and stay out of trades in a range bound or choppy market.  Once the forex pairs are in a good uptrend or downtrend you can watch for a small pull back and then place your trades with the trend.

Forex trading Reviews

credit ratings downgraded

Goldman (GS), Morgan Stanley (MS0, JPMorgan (JPM), and Bank of NY Mellon (BK) all had their credit ratings downgraded one notch yesterday evening by Moody's. Goldman was lowered to Baa1 (BBB+ S&P equiv), Morgan to Baa2 (BBB equiv), JPM to A3 (A- equiv), and BofNYM to A1 (A+ equiv). This affected all senior and subordinate debt.

Global X

Global X launched a new ETF last week that will focus on smaller countries that fall into the emerging and frontier markets. In essence, looking for the next group of BRIC countries.
The Global X Next Emerging & Frontier ETF (NYSEARCA:EMFM) is a basket of 200 stocks from 34 different developing countries. What makes EMFM unique is that it will not invest in the BRIC countries along with South Korea and Taiwan. By taking the approach it will have more assets to invest in countries that are often overlooked in portfolio construction.
Asia currently represents 38% of the portfolio, followed by Latin America at 23%, Eastern Europe at 19%, Africa at 14%, and the Middle East represents 6%. The financial and material sectors make up the largest portion of the portfolio with a total allocation of 37%.

Breakout Trading Stock Market Volume

Volume is important when trading any of the different markets. Stock prices can only move up when buyers become aggressive and raise bids to chase diminishing supply. Prices drop when traders or sellers are desperate to get sell a stock and drop their prices to bring in scarce buyers. Often in a breakout, the price moves above when a prior buying area that has already been weakened. When investors and traders see that new high being made, they jump on board and the volume spikes. This can be a problem sometimes.

Breakout Trading

Beating Analyst Expectations

Beating Analyst Expectations: Earnings Results
Chesapeake Energy Corporation (NYSE:CHK): This independent oil and gas firm reported net income of $156 million or $0.24 per share. Revenues came in at $4.87 billion.
Mixed Results
Devon Energy Corporation (NYSE:DVN): This oil and gas company reported earnings of $1.29 per share, slightly above analyst estimates of $1.20. Revenues were reported at $2.72 billion, just below expectations of $2.76 billion.
Apache Corp (NYSE:APA): This famed oil and gas exploration firm reported EPS of $2.32, beating analyst estimates by $0.17. Revenues came in at $1.02 billion, well below the consensus estimate of $4.32 billion.
NuStar Energy (NYSE:NS): This MLP topped analyst estimates by $0.01, with EPS coming in at $0.28. Revenues missed the mark, coming in at $780.01 million versus the $944.85 million estimate.

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