online trading rooms for discussions…

Considerations for selecting an online broker…

simulation trading…

What is the real value of simulation trading? let’s look at the answer to this from a broad perspective. While simulation trading you are trying to enter trades in the direction of the market movement. Even if you were filled on every order you entered., it is doubtful that you, as a beginning part-time trader, would have all trades continue in the direction you had expected…. … In simulation trading, you will see if your trading strategies, rules, rhythm-recognition and discipline are taking you in the right direction. Simulation trading is not about how much money you make…. In trading, you must first make good entries so that your trades flow in the direction anticipated, be it long or short.

2 trading strategies…

  1. Short-term momentum trading
  2. consolidation-breakout trading - who prefer a less fingernail-biting trading style as compared to short-term momentum.

Short term momentum trading strategy…

Short-term momentum trading is also known as scalping. A trade held for a short duration of time, usually 1 to 15 minutes, for a small profit or one-quarter point to a half point. This strategy is based on trading a stock off the stochastic reversal and bounce on one-minute charts

consolidation-breakout trading strategy…

The underlying theory is that stock prices don’t go straight up or straight down. An up-trending stock will go up then level out for a while, then resume its move upwards. Similarly, down trending stock will have prices that drop for a while, then level off,then resume their move downward. The period of time during which the price movement has leveled off or flattened is called a consolidation.

some words with trading strategies…

practise, practise, practise in simulation trading! Do not be greedy, take your profits! Exit a trade when you can, not when you have to! Take you preset stop less without hesitation! Do not stray too far form the root of your successful trading strategy