A trading plan is a set of guidelines that traders use to make decisions about what to buy or sell and when. A trading plan can be used for any type of investment or trading strategy from short-term day trading on the stock market to long-term investing in the stock market. What is a trading …
4 Basic Factors to Consider | Trading plan with examples (Step 8) & My quick plan Read More »
Our lives are powered by our emotions. They motivate us to act and have an impact on how we think and feel. In order to trade more effectively, we must learn to manage our emotions. Trading is based mostly on emotions, so in order to make good decisions, we must try to control our emotions. …
4 Common Emotions | Trading Psychology : Quick List of Emotions in Trading (Step 7) Read More »
Once the strategy is in place, all you have to do is to manage your trades. The management of your risk, money, and emotions is more important than the strategy itself. It will be the most significant factor affecting you on a daily basis. So, managing these aspects is a critical step in trading. What …
9 Ways | Risk and Money management trading (step 6) Read More »
Now you know what is paper trading and how to create your own trading strategy, let us see how to backtest the strategy ! What is backtesting in trading? Backtesting in trading is a technique where traders are able to test the strategy by using historical data and to see if it will work well …
8 Things to Track | Backtesting a trading strategy! (step 4) Read More »
After creating your trading strategy, you need to validate it. You can either do demo trading and use it as a backtest report, or run a back test software, find the results and then try demo trading. And you can also do paper trading for a 5-10 trades to see if it suits your style, …
2 Ways | Demo Trading : How to practice trading with fake money? (Step 3) Read More »
Trading Strategy Basics While managing your emotions and the risks involved is essential for a successful trading career, learning your strategy is also important. Trading strategy serves as the foundation for all other trading skills. So learning how to develop your own trading strategy or simply selecting an existing strategy will be a critical step …
4 Things to Know | How to create your very own trading strategy? (Step 2) Read More »
What is Trading ? Trading is similar to any other type of investment except that it is done for a shorter period of time. Simply buy at the cheapest price and sell at the maximum price. Buy low, sell high! Easy, right? No. If you want to make consistent profits in trading, you must first …
17 FAQs Answered | Can I make money online by TRADING ? (Step 1) Read More »
Hello Life Hackers.. Ever wondered if you could automate everything with a robot? and what is algo trading? Our dreams come true… May be a lot later ! Well.. We cannot automate everything like THE JETSONS ! But we are almost there… So… We’ll see about algo trading here. I’ve been trading for past two …
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