Archives for March 2014

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Riding on the Coattails

The big news of the day is that the NASDAQ Composite Index went down well over 1 percent on Monday, mostly because of the sudden and huge decline of biotech companies. As of 2 PM Eastern Time, eight of the nine companies that declined in value the most were either pharmaceutical or medical research companies. The healthcare field and related industries are usually a pretty safe investment since this is a service that will only go up in demand over time. The combination of a growing population plus the need for ongoing medical and scientific advances will always make this industry grow. So, why the big decline all of a sudden?

The first thing to note is that companies may come and go. [Read more…]

Day Trading the Markets

Day traders are always under strict scrutiny. In the stock market, this scrutiny can be quite rough at times. There are regulations in place to protect companies from malicious day trading activity, and although this type of trading is rare, it does happen, hence the SEC protections in place. The definition that comes under scrutiny is “pattern day trader,” and it can be described as someone that executes four or more day trades in five or fewer days. Unfortunately, this can be really easy to do, even if it is an accident. All you need to do is buy and sell the same security over the course of a single trading day. It is a stock broker’s job to identify and label these traders in order to avoid fines and punishments of their own. [Read more…]

Using Our Resistance Levels for Trades

We found a nice put option early this morning on the EURUSD. It didn’t take long for this trade set up to occur after we opened our charts. We noticed how price action had fallen off from pivot all the way down to support level three. This area was also the 1.3842 level. The bounce occurred earlier in the morning back up to the area where we took our trade. We were looking for price action to consolidate and it did.

As price was climbing up to this level we were looking for more than just a line as our resistance. We had several hours of consolidation around this price point that gave us more of a conclusion to take this trade. [Read more…]

Tom’s EA is Coming

Toms EA Review and DownloadA Forex trading robot has the potential to not only simplify your life, but help you make a lot more money in your free time, too. The big caveat here is that it needs to be a high quality robot. An expert advisor (EA) is perhaps the best kind of robot out there thanks to its use of MetaTrader software and highly sophisticated trading algorithms. Of course, this doesn’t guarantee that every EA is going to make you money and no other trading system will, but it is definitely a good place to begin your search.

Tom’s EA is currently one of the most popular robots out on the market, and for a good reason. It has been around for several years now and has had very positive results month after month, year after year. But just because it’s worked for a lot of people in the past does not necessarily mean that it’s going to work for you, too. There are still a lot of factors to consider before you spend a lot of money on a piece of trading software. Let’s start with the big one. [Read more…]

Using the Bull Market to Trade

You’ve probably heard the saying, “what goes up must come down.” While this is certainly true in matters of measuring gravity, it’s not always true within the financial markets. The stock market has been going up consistently year after year since the beginning of the Great Depression. Sure, there have been a few years here and there when the markets have ended down for the year, but the general theme has been upward motion.

So the fact that the U.S. markets are about to enter their fifth year of bull momentum isn’t really a surprise. [Read more…]