Choosing A Market on A Budget
Jose asks: “I was wondering what do you recommend I do with a minimum capital of about 1600 dollars? What should I trade?” Lots of people have this kind of question, so perhaps my reply will be of use to others: A budget of $1,600 is quite low, but certainly not uncommon. Given that amount, I suspect most people would suggest forex, because it’s easy to open an account with a deposit of that size. Forex is also easy to trade on massive margin, giving you lots of leverage. If...
Read MoreTick Charts or Regular Charts?
Someone emailed me today to ask if I thought tick charts offered any advantages over regular charts. Here’s my reply: In this context a tick is a trade execution. So instead of dividing your chart based on time periods, you’re dividing on number of trades. A possible advantage of this method is that you will see a more regular representation of activity during slow and fast periods. To take an extreme example, in a slow moving market with very few trades occurring, you could...
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How To Day Trade... is now available in iTunes for iBooks (iPhone, iPad, and anything else starting with i!) http://bit.ly/mTqroY - posted on 08/08/2011 09:28:38- Penny Stocks Redux: http://www.daytradingfreedom.com/penny-stocks-redux/ - posted on 28/07/2011 09:49:56
- 3rd ed also on amazon (should now be live) http://www.amazon.com/dp/B004IWRC9S - posted on 22/06/2011 17:08:53
- 3rd edition of "how to day trade stocks for profit" now available at smashwords.com - http://bit.ly/kJRyEG - posted on 22/06/2011 17:08:00
- This looks like a bit of a bargain
https://www.amazon.com/dp/B004IWRC9S - posted on 21/04/2011 14:11:24
