Forex Trading Vs. Options – Discover The Difference by Woodring Moothart
Forex Trading, also known as FX Trading or by many as the Foreign Currency Exchange, is a financial market where a person can trade national currencies in order to try and make a profit. Perhaps one feels the U.S. Dollar will get stronger compared to the British Pound or the Euro. A strategy can be developed to affect this trade and if the research is correct, a good profit can be made.
Options Trading allows you to buy or sell options on large amounts of stock, futures etc. that you feel will either go up or down in price over a certain period of time. As with Forex Trading, you can leverage your buying power to control more stock or futures for instance, than you could have normally. However, there are differences between Forex and Options Trading. Many of the differences are described below.
24 Hour Trading:
An advantage you have with the Forex Currency Trading System (Forex) as compared to Options trading is your ability to trade 24 hours a day, five days a week if you wish. The Forex Market is open longer than any other market. If your goal is to make double digit gains in a market, it is great to have unlimited time each week to make those trades. Whenever some big event happens around the world, you can be one of the first to take advantage of the situation with Forex Trading. You won’t have to wait for a market to open in the morning like you would if you were trading Options. You can trade from your computer instantaneously, all hours of the day and night.
Rapid Trade Execution:
When you use the Forex Currency Trading System, you receive immediate trade executions. There is no delay like there can be in Options or for that matter other markets as well. And your order gets filled at the best possible price instead of guessing which price your order might get filled. Your order certainly won’t “slip” like it can with Options. In Forex Trading, there is a lot more liquidity to help with “slippage” than there is in Options Trading.
Liquidity:
Forex Trading has the advantage of being more liquid than any other market, including Options Trading. With the average daily volume in the Forex Market reaching close to 2 Trillion, there is no comparison. The liquidity in Foreign Currency Trading (Forex) far surpasses that in the Options Market. This means when it comes time to trade, Forex Trades will be filled much easier than Options trades will. This speed means more potential profit. Couple this with instantaneous trade execution in Forex Trading, and you have the ability to make a lot of trades quickly.
No Commissions:
Forex or FX Trading is Commission Free because it is an inter-bank market which matches buyers with sellers in an instant. There are no middleman brokerage fees as with other markets. There is a spread between the bid and ask price and this is where Forex trading firms make some of their profit. This means you can save money when you trade Forex compared to Options trading where there are commissions since you would be working with a brokerage firm.
Greater Leverage:
Online Forex Trading can give you much greater leverage than playing Options. However, with Options, you can also manage putt and call options in a way to greatly increase your leverage. Leverage can be very important when you know what a currency is going to do. You can achieve 200:1 or greater in Forex Trades compared to less typically in Options, but it can be close. This means with Forex, there can be substantially more potential profit if you make the right move.
Limited Risk is Guaranteed:
Since Forex Traders must have position limits, the risk is limited since the online capabilities of the Forex Trading system automatically initiate a margin call when the margin amount is greater than the value of the account in dollars. This keeps a Forex Trader from losing too much if their position goes the other way. It is a good safety feature that is not always available in other financial markets. And the Forex is different than Options in that with Options, you only have a certain period of time to trade before the options expire.
When considering the differences between Forex Trading and Options, just keep in mind your preferred trading style and the type of risk you are willing to take. There are definite advantages to Forex or FX Trading that may allow you to profit greatly if you develop a good system and stay within your trading limits. If you are ready to go, then begin investigating a good Forex firm with whom to open a Foreign Exchange Trading Account.
About the Author
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Pt 6 Dan Passarelli on “Trading FX Options Greeks: Factors that Drive Profit”
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Essentials of Foreign Exchange Trading $31.99 This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win. JAMES CHEN, CTA, CMT (Montville, NJ) is Chief Technical Strategist at FX Solutions, a leading foreign exchange broker. An expert on forex trading and technical analysis, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen writes daily currency analysis, leads forex trading seminars, and has authored numerous articles on currency trading strategy and technical analysis for major financial publications. These include Forbes.com, Futures Magazine, Technical Analysis of Stocks and Commodities Magazine, and Stocks, Futures and Options (SFO) Magazine. |
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ART of Trading: Combining the Science of Technical Analysis with the Art of Reality Based Trading $70 As a trading coach and financial advisor, Bennett McDowell used his own proprietary trading system—Applied Reality Trading® or ART®—to enhance the performance of his clients’ portfolios. Now, with this new book, McDowell reveals the unique benefits of his system and makes the case for trading the reality, not the fantasy, of the financial markets.The ART system is based on reality, and here you’ll find the specifics on how to use reality to improve your trading and investing endeavors—whether you deal in stocks, bonds, the Forex market, commodities, or options—and you’ll learn how to overcome the volume of information generated by today’s markets.Divided into five comprehensive parts, this reliable resource offers an extensive look at how the ART system and its companion software—which is compatible with a variety of platforms—can help you execute exact trade entries and exits, control risk, and capture consistent profits. Step by step, you’ll discover how to:Use price and volume, the true realities of the market, to minimize distortions in your financial decision-makingCombine technical analysis with live streaming market data to excel in your trading and investingSelect the right financial market and the right time frame for you Apply advanced ART techniques to your trading rules, once you’ve become familiar with the overall systemBenefit from ART Trading Software first hand—a free trial of the software is included with the purchase of this bookWhile ART adds structure to your trading and investing activities, it can also be tailored to fit your personal style and experience level. You can use ART to trend trade, scalp, or countertrend trade—or you can use it to time your investments. As you’ll see, ART is capable of doing all this and much more since it’s not a “Black Box” trading system.It takes both a winning methodology and the right |
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Essentials of Foreign Exchange Trading $39.95 This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win. JAMES CHEN, CTA, CMT (Montville, NJ) is Chief Technical Strategist at FX Solutions, a leading foreign exchange broker. An expert on forex trading and technical analysis, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen writes daily currency analysis, leads forex trading seminars, and has authored numerous articles on currency trading strategy and technical analysis for major financial publications. These include Forbes.com, Futures Magazine, Technical Analysis of Stocks and Commodities Magazine, and Stocks, Futures and Options (SFO) Magazine. |
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Essentials of Foreign Exchange Trading $39.95 This currency trading book provides readers with real, practical information on how to trade the foreign exchange market effectively. It begins by covering introductory information on the forex market, including basic trading mechanics and the benefits of forex trading, and then goes on to describe specific currency trading methods and skills in step-by-step detail. This includes highly practical information on technical and fundamental analysis, risk and money management, and powerful forex trading strategies. These strategies have proven extremely effective in helping traders play the forex game to win. JAMES CHEN, CTA, CMT (Montville, NJ) is Chief Technical Strategist at FX Solutions, a leading foreign exchange broker. An expert on forex trading and technical analysis, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen writes daily currency analysis, leads forex trading seminars, and has authored numerous articles on currency trading strategy and technical analysis for major financial publications. These include Forbes.com, Futures Magazine, Technical Analysis of Stocks and Commodities Magazine, and Stocks, Futures and Options (SFO) Magazine. |
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Foreign Exchange, the Complete Deal: A Comprehensive Guide to the Theory and Practice of the Forex Market $29.24 Used – Who are the players? Why trade currencies? What is currency hedging and forwards trading, and how do currency options work? What really makes currency markets tick? ‘Applied Essentials – Foreign Exchange, The Complete Deal’ is a comprehensive guide to the currency markets – the largest in the world – and trading. Written by a seasoned campaigner, the book guides you through the market jargon and mystic of foreign exchange to get to the heart of how currencies are traded. Starting with a b |
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Foreign Exchange, the Complete Deal: A Comprehensive Guide to the Theory and Practice of the Forex Market $15.78 Used – Who are the players? Why trade currencies? What is currency hedging and forwards trading, and how do currency options work? What really makes currency markets tick? ‘Applied Essentials – Foreign Exchange, The Complete Deal’ is a comprehensive guide to the currency markets – the largest in the world – and trading. Written by a seasoned campaigner, the book guides you through the market jargon and mystic of foreign exchange to get to the heart of how currencies are traded. Starting with a b |
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Foreign Exchange, the Complete Deal: A Comprehensive Guide to the Theory and Practice of the Forex Market $15.78 New – Who are the players? Why trade currencies? What is currency hedging and forwards trading, and how do currency options work? What really makes currency markets tick? ‘Applied Essentials – Foreign Exchange, The Complete Deal’ is a comprehensive guide to the currency markets – the largest in the world – and trading. Written by a seasoned campaigner, the book guides you through the market jargon and mystic of foreign exchange to get to the heart of how currencies are traded. Starting with a br |
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Foreign Exchange, the Complete Deal: A Comprehensive Guide to the Theory and Practice of the Forex Market $29.24 New – Who are the players? Why trade currencies? What is currency hedging and forwards trading, and how do currency options work? What really makes currency markets tick? ‘Applied Essentials – Foreign Exchange, The Complete Deal’ is a comprehensive guide to the currency markets – the largest in the world – and trading. Written by a seasoned campaigner, the book guides you through the market jargon and mystic of foreign exchange to get to the heart of how currencies are traded. Starting with a br |
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Getting Started in Chart Patterns $7.19 AN ACCESSIBLE GUIDE TO UNDERSTANDING AND USING TECHNICAL CHART PATTERNSGETTING STARTED IN CHART PATTERNS”When it comes to chart reading, Thomas Bulkowski can be categorized as a sui generis [constituting a class alone]. Combining objective analysis with a fictional element has resulted in a highly entertaining read, one that any trader will benefit from.”—Jayanthi Gopalakrishnan, Editor of Technical Analysis of Stocks & Commodities magazine”Nobody explains the nuts and bolts of how—exactly—to use chart patterns to make real money in trading like Tom Bulkowski. I always do better in my own trading after reading a Bulkowski book. This is the practical, down-to-earth guidance you have been looking for in books on technical analysis. Bulkowski doesn’t give you platitudes—he gives you live examples. Even better, he admits that patterns don’t always deliver what we expect and he quantifies both success and failure rates for the top moneymaking patterns. Nobody writes about chart work better than Bulkowski.”—Barbara Rockefeller, independent trader and advisor (www.rts-forex.com) author of Technical Analysis For Dummies”In Getting Started in Chart Patterns, Bulkowski offers easy-to-apply advice for looking at charts and making them work more effectively for you in your trading. It is his passion; it probably also will become yours after reading this book. A must for budding technicians!”—Gail Osten, Executive Editor of Stocks, Futures & Options (SFO) magazine |
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Getting Started in Chart Patterns $22.95 AN ACCESSIBLE GUIDE TO UNDERSTANDING AND USING TECHNICAL CHART PATTERNSGETTING STARTED IN CHART PATTERNS”When it comes to chart reading, Thomas Bulkowski can be categorized as a sui generis [constituting a class alone]. Combining objective analysis with a fictional element has resulted in a highly entertaining read, one that any trader will benefit from.”—Jayanthi Gopalakrishnan, Editor of Technical Analysis of Stocks & Commodities magazine”Nobody explains the nuts and bolts of how—exactly—to use chart patterns to make real money in trading like Tom Bulkowski. I always do better in my own trading after reading a Bulkowski book. This is the practical, down-to-earth guidance you have been looking for in books on technical analysis. Bulkowski doesn’t give you platitudes—he gives you live examples. Even better, he admits that patterns don’t always deliver what we expect and he quantifies both success and failure rates for the top moneymaking patterns. Nobody writes about chart work better than Bulkowski.”—Barbara Rockefeller, independent trader and advisor (www.rts-forex.com) author of Technical Analysis For Dummies”In Getting Started in Chart Patterns, Bulkowski offers easy-to-apply advice for looking at charts and making them work more effectively for you in your trading. It is his passion; it probably also will become yours after reading this book. A must for budding technicians!”—Gail Osten, Executive Editor of Stocks, Futures & Options (SFO) magazine |
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Getting Started in Currency Trading $127.49 While the Foreign Exchange (FOREX) market can be a very profitable place, you must have a firm understanding of how to operate within this environment if you intend on achieving any success. That”s why you need Getting Started in Currency Trading, Second Edition. This reliable resource-written for both newcomers and those with some FOREX experience-puts trading world currencies in perspective, and shows you exactly what it takes to make it in this field. Topics include: The rapidly expanding and evolving online trading marketplace for spot currencies, generally referred to as retail FOREX The process of initiating and liquidating a live market order The advantages and disadvantages of fundamental and technical analysis The wealth of FOREX products and services now available from third-party vendors The psychology of trading and the stresses that may accompany this endeavor Advanced strategies such as options, exotics, and arbitrage |
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How To Get Rich Trading and Investing: A Beginner Investment Guide Full Of Trading Tips On Stock Trading, Day Trading, Options Trading, Forex Trading And Bonds Trading So You Can Learn How To Trade And Get Rich Fast On Good Investment Returns $3.99 Louis K. Bessway,NOOK Book (eBook), English-language edition,Pub by Louis K. Bessway |
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How to Get Rich Trading and Investing: A Beginner Investment Guide Full of Trading Tips on Stock Trading, Day Trading, Options Trading, Forex Trading and Bonds Trading So You Can Learn How to Trade and Get Rich Fast on Good Investment Returns $38.28 Louis Bessway,Paperback, English-language edition,Pub by CreateSpace |
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How to Trade! – (Make Money Trading, Trade, Indexes, Commodities, Gold, Silver and Fx) Options, Forex Trades (Foreign Exchange), Currency Trading, Etrade – Learn to Trade Online $11.43 Used – How To Trade! – (Make Money Trading, Trade, Indexes, Commodities, Gold, Silver and FX) Options, Forex Trades (Foreign Exchange), Currency Trading, Etrade – Learn to Trade Online This is a practical, 152 page book that gets straight to the point. Don’t delay in getting your hands on this book and start learning “How To Trade.” This is what you will learn in this book: 1 – Why, If You Want Economic Security And A Comfortable Retirement, You must Take Control Of Your Investment Portfolio Now |
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How to Trade! – (Make Money Trading, Trade, Indexes, Commodities, Gold, Silver and Fx) Options, Forex Trades (Foreign Exchange), Currency Trading, Etrade – Learn to Trade Online $11.53 Used – This is a practical, 152 page book that gets straight to the point. Don’t delay in getting your hands on this book and start learning “How To Trade.” This is what you will learn in this book: 1 – Why, If You Want Economic Security And A Comfortable Retirement, You must Take Control Of Your Investment Portfolio Now 2 – Yes, I’m Talking To You: Saver, Investor, Trader 3 – Why ETF’s Instead Of Mutual Funds? 4 – ETF Basics: The Who, What, Where, When And How Of ETF’s 5 – Your Investments and |
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How to Trade! – (Make Money Trading, Trade, Indexes, Commodities, Gold, Silver and Fx) Options, Forex Trades (Foreign Exchange), Currency Trading, Etrade – Learn to Trade Online $11.43 Used – This is a practical, 152 page book that gets straight to the point. Don’t delay in getting your hands on this book and start learning “How To Trade.” This is what you will learn in this book: 1 – Why, If You Want Economic Security And A Comfortable Retirement, You must Take Control Of Your Investment Portfolio Now 2 – Yes, I’m Talking To You: Saver, Investor, Trader 3 – Why ETF’s Instead Of Mutual Funds? 4 – ETF Basics: The Who, What, Where, When And How Of ETF’s 5 – Your Investments and |
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Making Money in Forex: Trade Like a Pro Without Giving Up Your Day Job $70 “There must be options for someone who is stuck in a staff meeting when the market is roaring.”—From the PrefaceAuthor Ryan O’Keefe is a private spot currency trader who has studied, traded, and written about the foreign exchange (Forex) market since his introduction to it at age seventeen. Although he has been around the currency markets his entire adult life, O’Keefe is not your typical “Wall Street” type. He learned to trade around the demands of his career and family, and developed a long-term trading style that resonates with retail currency traders who are trying to do the same.Now, with Making Money in Forex, O’Keefe explains his own personal journey to becoming a trader and shows you how to follow a similar path.Page by page, O’Keefe describes his approach to trading and reveals his “bargain hunting” trading style, which is designed to capitalize on market trends. Throughout the book, he pays a great deal of attention to trading psychology, learning to read price instead of indicators, and emphasizes that aspiring traders must find a strategy they are comfortable with and can implement with confidence.Written in a straightforward and accessible style, this reliable resource:Addresses how you can successfully trade around the demands of your job and personal lifestyle can be used to reduce risk and maximize profitsReveals how O’Keefe’s bargain-hunting style can be used to reduce risk and maximize profitsDiscusses how common trade-management techniques may impact overall performanceProvides insights into structuring trading to minimize stressAnd much moreEngaging and informative, Making Money in Forex utilizes a conservative approach to trading that will help you build your skills over time and capture consistent profits without sitting in front of a computer screen all day. |
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Making Money in Forex: Trade Like a Pro Without Giving Up Your Day Job $70 “There must be options for someone who is stuck in a staff meeting when the market is roaring.”—From the PrefaceAuthor Ryan O’Keefe is a private spot currency trader who has studied, traded, and written about the foreign exchange (Forex) market since his introduction to it at age seventeen. Although he has been around the currency markets his entire adult life, O’Keefe is not your typical “Wall Street” type. He learned to trade around the demands of his career and family, and developed a long-term trading style that resonates with retail currency traders who are trying to do the same.Now, with Making Money in Forex, O’Keefe explains his own personal journey to becoming a trader and shows you how to follow a similar path.Page by page, O’Keefe describes his approach to trading and reveals his “bargain hunting” trading style, which is designed to capitalize on market trends. Throughout the book, he pays a great deal of attention to trading psychology, learning to read price instead of indicators, and emphasizes that aspiring traders must find a strategy they are comfortable with and can implement with confidence.Written in a straightforward and accessible style, this reliable resource:Addresses how you can successfully trade around the demands of your job and personal lifestyle can be used to reduce risk and maximize profitsReveals how O’Keefe’s bargain-hunting style can be used to reduce risk and maximize profitsDiscusses how common trade-management techniques may impact overall performanceProvides insights into structuring trading to minimize stressAnd much moreEngaging and informative, Making Money in Forex utilizes a conservative approach to trading that will help you build your skills over time and capture consistent profits without sitting in front of a computer screen all day. |
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Mastering Foreign Exchange & Currency Options: A Practical Guide to the New Marketplace $104.99 mastering foreign exchange & currency optionsa practical guide to the new marketplaceThe last ten years have seen a revolution inthe globalforeign exchange markets. It is no longer enough for banks and their corporatecustomers to arrange their currency hedging and trading on an active andcommercial basis. It is now vital to understand how new technology has impactedthe market.The author fully examines key initiatives such as e-forex, TWIST and CLS and the new option to trade FX outside the bankingmarkets, making this book an essentiual tool for all who need to keep upwith this fast changing market.Eleven of the twenty-one chapters are written by guestpractitioners who provide a unique insight into the forex market.This important new edition of Mastering ForeignExchange & Currency Options will enable you to get your currency dealingright. It is the essential handbook for any player in the forex market. It iswritten for new entrants seeking to master the fast developing world of forextrading and seasoned professionals needing to keep informed of the latestdevelopments in this sector. With the introduction of new technology this isoften seen as a daunting topic to get to grips with.Both hedgers seeking to remove or manage their currencyrisk and speculators seeking to take currency risk in the hope of making profitwill benefit from this book. The advent of more sophisticated currencyderivatives has also raised the stakes.This book contains practical guidance on: Currency Classifications History and economics of forex Technology and the markets Mechanics of spot forex and forward forex Emerging market foreign exchange Forex tradingfor the individual investor Currency risk management Background, development and mechanics of currency options Exotic options and transparency Innovations in e-foreign exchange Multi-bank electronic trading Electronic procurement of fx: the corporate perspectives TW |
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Mastering Foreign Exchange and Currency Options: A Practical Guide to the New Marketplace $104.99 mastering foreign exchange & currency optionsa practical guide to the new marketplaceThe last ten years have seen a revolution inthe global foreign exchange markets. It is no longer enough for banks and their corporate customers to arrange their currency hedging and trading on an active and commercial basis. It is now vital to understand how new technology has impacted the market.The author fully examines key initiatives such as e-forex, TWIST and CLS and the new option to trade FX outside the banking markets, making this book an essentiual tool for all who need to keep up with this fast changing market.Eleven of the twenty-one chapters are written by guest practitioners who provide a unique insight into the forex market.This important new edition of Mastering Foreign Exchange & Currency Options will enable you to get your currency dealing right. It is the essential handbook for any player in the forex market. It is written for new entrants seeking to master the fast developing world of forex trading and seasoned professionals needing to keep informed of the latest developments in this sector. With the introduction of new technology this is often seen as a daunting topic to get to grips with.Both hedgers seeking to remoce or manage their currency risk and speculators seeking to take currency risk in the hope of making profit will benefit from this book. The advent of more sophisticated currency derivatives has also raised the stakes.This book contains practical guidance on:Currency Classifications History and economics of forex Technology and the markets Mechanics of spot forex and forward forex Emerging market foreign exchange Forex trading for the individual investor Currency risk management Background, development and mechanics of currency options Exotic options and transparency Innovations in e-foreign exchange Multi-bank |
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Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups $59.95 Turn your fascination with trading into a lucrative, full-time careerMastering the Trade presents you with a step-by-step, innovative approach for becoming a successful professional trader. Full-time trader and fund manager John F. Carter combines an insightful market overview with specific trading strategies and concepts, providing you with chart setups, trading methodologies, vital money management principles, essential psychological guidelines, advice on powerful hardware and software, and more.This results-driven book sets aside timeworn basics and rehashed ideas to present and examine in detail the underlying reasons that cause prices to move. Its proven program can be used to consistently get in early on market moves, either jumping right back out when you realize you’ve made a mistake or hanging on for a long and profitable ride.From valuable hardware and software to market mechanics, pivot points, position sizing, and much, much more, Mastering the Trade covers:The five psychological truths that you must know to transform yourself from a deer-in-the-headlights beginner into a savvy professional Proven set-ups, with optimal markets and a set of non-negotiable trading rules for increasing the effectiveness of each Exact entry, exit, and stop loss levels for the intraday trading of stocks, options, ETFs, emini futures, 30 year bonds, Forex currency markets, and more Seven key internals, from TICKS to 5-minute volume, that are critical for gauging pending market direction from the opening bell A pre-market checklist to analyze recent market behavior and calculate what you plan to do, how you plan to do it, and why Non-negotiable risk control techniques that protect trading capital, the most important component of a professional trading career Tools and techniques for stripping away the cookies, spam, and other hard drive cloggers that rob you of valuable computer speed After |
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