Financial Blog Network

Level II - Overview Level II provides the data for pending orders in the market. It displays the size of the best bids and offers with their respective depths. Day traders use level II to gauge the direction of the market over the short-term. This article will discuss the working parts of the level II screen based on the tools provided from the tradestation brokerage firm. While level II windows will look differently depending on the broker, the functionality is virtually the same.

Level II Window Structure The level II window structure is comprised of four… Continue reading

Related posts

• Why You Should Get out of Your Mutual Fund (0)
• Who Is Causing You Not Success In Stock Option Trading? (0)
• What You Need To Know About Commodities Trading (0)
• What You Always Suspected About Life Insurance Fees, Is It True? (0)
• What is Swing Trading? (0)

Overview When you start out in the trading game, you often will hear a number of pearls of wisdom. Keep your losses small, let your winners run, no one ever went broke taking profits. These anecdotes make trading sound so easy. One of the biggest reasons for so many losing traders on Wall Street is the fact they take profits too early. If you continuously take profits before you let your harvest come in, you will go broke.

Example of taking profits First off trading is a game of odds. Anyone that tells you otherwise is… Continue reading

Related posts

• No related posts.

Cup and Handle - Overview The cup and handle pattern is a bullish continuation formation. This pattern is one of the newer chart formations and can be easily spotted on a price chart. The formation was first popularized by William O’Neil in his 1988 book, How to Make Money in Stocks. In order for the cup and handle setup to have the highest odds of succeeding, it should come after a clear uptrend is in place. The pattern consists of two key components: (1) cup and (2) handle.

Cup After a new high is set with an… Continue reading

Related posts

• No related posts.

Trend Lines - Overview Trend Lines are one of the oldest technical indicators. Trend lines are used to identify and confirm existing price trends. They can be drawn on any timeframe and can be used on any price chart. The key to using trend lines effectively is the methodology used to draw them on the price chart. Simply put, a trend line is a straight line that connects two or more swing points. A positive sloping line is defined as an uptrend. A negative sloping line is defined as a downtrend.

Positive Trend Line A… Continue reading

Related posts

• No related posts.

Day trading is buying and selling stocks in the course of a single day. This typically is done in large volume orders to make more money from smaller moves. This can definitely be a very profitable hobby if you do your homework.

The most common question that is asked about day trading is: Do I have to sit in front of the computer all day to make money?

In short, no. You do not have to slave over your keyboard for hours upon hours. You mainly just need to trade when the biggest volume is happening. Which is in the morning hours… Continue reading

Related posts

• No related posts.

One of the biggest puzzles of currency trading for me is that anyone takes day trading seriously as a way to enjoy success. You can’t win at it and will lose all your money, the reason is obvious and is the subject of this article.

You may be thinking that if no one wins, why are there so many profitable day trading systems for sale?

The answer is:

There all made up in hindsight and simply simulated on paper but have never been traded for real. If you ever see a track record for a forex day trading or scalping system which claims… Continue reading

Related posts

• No related posts.