Profitable trading career

You need to use trailing stops to lock in your profits and not think about how much money you are making on the trade. Selling to soon is where fear comes in instead of watching your charts and waiting for the selling to stop. If you have set a proper stop loss and the trade is still above it let the trade pan out.
  These two emotion can ruin a new traders experience and wipe out their trading account. You need to keep these two emotions out of your trading as much as possible. Make sure to have a trading plan that will consistently make you money in the markets. You need to be careful when you see a large green candle going up fast so you decide to chase the trade. Chasing a trade or greed will work against you especially if you buy at the top of the green candle and the sellers now start to take their profits. As you see the next candle turn red you sell out of fear this is a trap most new traders get caught in. if you are basing your trading decisions on emotions you will quickly wipe out your trading capitol.
  Traders who get past trading out of emotions will learn to follow their trading plan and become profitable. Money management is most important to new traders especially in the forex markets. There are many candle spikes in the currency markets and to trade with poor money management will kill you in the end. You need to wait for the right set up before you enter your trade. Trends change all the time due to news and the world markets which goes on everyday. You need to understand your not missing anything so be patient and wit for your trade to develop. Do net trade out of boredom this is a mistake. Make sure to stick with your trading plan and work on good capitol management. Your winning trades will increase as long as you keep emotions out of your trading and have a solid plan to make trades. As you have profitable trades make sure to evaluate the trade and why it worked.
 

Forex trading psychology the mind game

 It's important to learn the mind game in trading markets especially the forex market.
You need this to become a  profitable trader. Its hard to become a profitable trader each day and you need to enjoy the progress you make. You need to understand technical analysis and working on your trading skills and the profits will come. You need to feel good when a trade goes your way and also if you get stopped out. If you get stopped out its because you followed your trading plan,which is a good thing. Having a positive mental attitude is most important in both winners and losers. You expect winning trades and having a positive mental state will help you achieve your goal.
  Being a disciplined trader and taking the trades when your trading plan indicates is what making money is all about. If you don't take the trade you should not beat yourself up over it but learn from the experience. Most new forex traders will have a negative trading experience when they first start trading. They will usually quit and never return the currency markets. The mental aspects of the defeat are long lasting and can be reversed with proper adjustments to you trading style. You need to learn the losses are part of every traders experience. Getting more stock or forex education will start you on a profitable trading business.  This is a opportunity not defeat to learn from your losses. Read and learn form other successful forex traders which will  give you the knowledge necessary for a positive trading outcome. Passing blame on someone else is in reality your own weakness. You are responsible for each trade.

Stock and forex trading

 If the markets are channeling and the volume is low then step aside and work on your trading plan for the next day of trading.  Daytraders that try and force trades on bad trading days just end up losing more money and get frustrated. Sometimes the market gaps up or down when they open and never presents a good trade the rest of the day. The forex market can have news that totally disrupts any kind of trend and it just chops in a narrow range. When it does just forget about making any forex trades. Remember you can have terrible results if you try and trade a range bound market. It is better to look at the range the market is in and take notes to prepare yourself for the next time. Once you become familiar with the ranges maybe you can place a trade at the top or bottom of the range.
 You need to prepare for this kind of trading. The forex market will have many days when it is range bound and just chopping up and down. Good money management is crucial when you have bad trading days. This is where your trading plan should tell you how many bad trades you are allowed to make. High risk trades will empty your trading account and leave you frustrated. This is the time it is better to go exercise and get your mind off trading for that day.Beginning  traders that lose allot of money fail to realize that bad trading day can happen. Experienced traders stay out of trades on these days. Each day that you are going to make trades you need to analyze the markets and get yourself prepared for the day.  Make sure to read your trading plan and check for news releases. The forex market has news almost everyday.

How to find the entry and exit point for a stock trade

Knowing when to buy a stock is probable the most important thing you need to learn.  Traders need to recognize the buy and sell signals in order to be successful in their stock trading. Traders need to learn to find the low risk buying price points of a stock. You need to know where the support area for a stock and watch for the volume to come in from the buyers. If you are not able to pull the trigger and get in or out of a trade is a clear signal of problems either with the trader or the trading system.
  The next thing you need to do is know how much money you are going to risk on the trade. When you enter the stock trade you need to make sure you have an exit strategy and have set your stop loss. A successful trader will use percentages not money gained or loss to analyze the trade. You can figure this by what percentage you are willing to risk and how much profit you want to make on each trade. Somewhere between 2 and 5 percent is a good starting point.
  When you have all your parameters in place it is time to pull the trigger and make the trade. Once you have made the buy write it down in your trading plan to study later after you have excited the trade. Now that the trade is in place you need to look at where you want to hit the sell button. As a profitable trader you do not want to get greedy. Take a look at where you see resistance check your level II to see where the sellers are stacking up. If the trade is moving in a positive direction it is time to set up a trailing stop.
 

Time frames to use when trading

What time frames to use when trading stocks or forex markets Traders need to take into account their risk and rewards is selecting a time frame. You need to know how to set your stops and take profit in the different time frames you are trading. If the trend is moving and the buyers are active and you place a trade then you need to set your stop outside of the time frame. This will make sure you are protecting your money. It is important to know where to place your stop and leave it.
  The same type of trading applies whether you are long or short the position. Especially if there is a strong trend in place. Make sure you have researched the entry and exits of the trade. If the trade seems more risky you can reduce the amount you are trading. If you are trading stocks you can look for a cheaper stock because they often trade in smaller time frames. Keep your stops close to the support and resistance levels when making a riskier trade.
  New traders need to learn this since they think it is nothing but easy money to be made. Traders need to keep losses to a minimum and let their winning trades run, using a trailing stop. New traders have a common problem of fear and greed. Their are in desperate need to make profitable trades all the time, so the new trader fails to understand that it is a must to control losses all the time when in a trade and make the most of things when the trade is in the money

Trading time frames

How to trade commodity futures

How to trade commodity futures options trading course ETF, Exchange Traded Fund
Traders know that Commodity ETFs started trading around five years ago. Traders can trade these just like you would a equities. Today these funds are traded on security exchanges, New York Stock Exchange, American Stock Exchange. The majority of investors and traders already stock trading accounts with brokers. Your comfort level is increased since you are already familiar with your trading charts and platform.  Commodities are raw materials that will make their way into the economy and will react much sooner than the stock market. Look at building materials. Copper and Lumber markets will move up after February since home construction and wood manufacturing and products like electrical wire, copper pipes, building materials for new home construction. This
should create some great trading opportunities in the future. Traders that are looking for a pure commodity play, then you should consider an ETF that invests in just the Futures markets.
The energy markets consists of Crude Oil, Gasoline, Heating Oil and Natural Gas. These exchange traded funds  can become just like a news stock when the commodity is in the news. When oil was heading to the upper $140 range, the reporters could not stop talking about oil. Many traders got into this rise in Oil prices by participating in oil ETF's.  A trader needs to apply good risk management of their trading capitol to survival, even with ETFs.
 ETF Futures Trading

Learning to trade

 This is why it is so important to keep trading records so you can learn from your trades this will increase your chances of making money on a trade. You want to build on our success and stay away from trades in which you have not followed your plan. Weekly points Number of points for the day or week Return on investment did you win or lose Percentage of  profit for the week
The amount of commissions There are numerous columns you can create to gain important information about you and your trading. The key is to document every item that affects you while trading. Once you have collected this data on a regular basis, you will start to see patterns in your trading that are either helpful or need your attention to correct. When you start a Trading Journal you will ask yourself how you ever got along without it in the past. This may seem like a lot of extra work but remember, your competition most likely is trading out of boredom thinking that the trades are going to give them something. You should know that whatever you take from the markets is from hard work over the other traders.