The average directional index (ADX) is a technical indicator that is used to signify the strength of a trend. It is a non-directional indicator, so it signals trend strength with no reference to whether it is an increasing or decreasing trend. The ADX is most commonly used alongside directional indicators as a complementary source of […]
I’m back on the wagon with a Green Day! All right everyone, let’s do our midday market recap and go over the trades from today. Remember, today I had one goal. That goal was to finish the day green. The last thing I wanted was another red day. My goal was just look for easy […]
Top 5 Benefits For Building An Automated Trading System As traders develop their skills and look to capitalize on more and more strategies it eventually becomes too much for any one trader to handle on their own. This is where automated trading systems (ATS) have come into play in recent years which has helped traders cover […]
Pure Inspiration Can Change Your Life When looking at my personal story, I always make an effort to analyze it with a third-party perspective. I really think that I need to process it in a way that I’m able to truly extract the key moments of realization that has made the difference in bringing the […]
The Ichimoku Cloud is among the most versatile technical indicators. It identifies support and resistance levels, gauges momentum, identifies the direction of trends and provides trading signals. With one single glance, traders can identify the trends in securities and examine further signals within that trend. While this indicator might seem complicated, it is actually a […]
The World Is In The Hands Of Risk Takers One of the most prominent emotions that causes bad decisions in trading is without a doubt, fear. In fact, it is the leading factor for greediness, stubbornness and making irrational decisions. These decisions aren’t good habits for profitable trading in the long run. It is interesting […]
A recessions refers to the moment when a country’s economy experiences decline as a result of different factors. Recession commonly lasts for 6 months or more and affects the following pillars of an economy – GDP, employment, income, retail sales and manufacturing. It is important to understand that recession is normal but unpleasant and as […]
A capital gain is a taxable event that occurs when an asset is sold for more than the purchase price. The important distinction is the act of selling, which separates it from a “paper” gain and is the reason that the increase in value is considered taxable income. An increase in value over the […]
Contrarian trading is essentially what it sounds like: trading strategies that are based on going against the current market sentiment. However, contrarian trading strategies are more complex and nuanced than simply betting against the trend. Market trends are among the most powerful forces in finance, and it takes a deft hand to know when and […]
The Keltner Channel is a technical indicator that shows a central line for a moving average and channel lines below and above. This indicator is named for Chester Keltner, who described the indicator in a 1960s book called How To Make Money in Commodities. While the name came from others who heard about the indicator […]
