Are You Emotional Trader– Take Self Evaluation Test

Human Emotions plays vital role in trading success and failure. Emotional trader can never be able to  trade profitably as An emotional trader is likely to act impulsively and make trading errors. Emotions of Greed can come when you are in good profits instead of booking you get overpowered by your emotion and move away … Read more Are You Emotional Trader– Take Self Evaluation Test

How to Use Pivots Points for Day Trading

Introduction The pivot point is the level at which the market direction changes for the day. Pivot Point trading is the most basic in trading and lots of traders use this so market finds support and resistance at Pivot Levels. Pivot Points are support and resistance levels that are calculated using the open, high, low, … Read more How to Use Pivots Points for Day Trading

Qualities of Sucessful Traders

Learning to accept losses as part of the game and cutting them short is the single most important step towards becoming consistently profitable. It sounds simple, but in reality is extremely difficult for everybody. Why? Because we’ve been taught that giving up is for losers and we should fight till last breath. I certainly agree that you should not … Read more Qualities of Sucessful Traders

Importance of Trading psychology in trading

Trading psychology contributes about 60% to success and position sizing contributes another 30%. Furthermore, most traders ignore the first two areas and don’t really have a trading system. That’s why 90% of them fail. First, I would argue that trading psychology accounts for 100% of success. Why? This conclusion is based on two findings. First, … Read more Importance of Trading psychology in trading