I’m going to share the most important considerations when deciding on the best position size for your trade. We will include the stop loss, the size of the account, your aggression as a trader and the market you’re trading. As a trader, your most important...
HOW TO USE ACTION REACTION TO TRADE THE DAX Let me now show you how to use Action Reaction to trade the DAX. There was a perfect opportunity here (April 29, 2019) which I shared with members in the dax signal channel. Congratulations to those of you that followed that...
Welcome to the Introduction to DAX indicators article. We are moving away from the chart patterns from the previous module and are now starting a new series on technical indicators. We will take a look at what technical indicators are and how traders use them in their...
Why are traders taking profit too early? It is first important to understand some of the psychology behind this question. What may come as a surprise to many of you is that many traders have problems letting their profits run. They also have problems cutting their...
When creating your first DAX trading plan, just remember that those who fail to plan, are planning to fail. This is a common saying. Another one I like is: “Prior Planning Prevents Piss Poor Performance”. Both of these sayings are true for you because...
In this unit, we are going to look at another aspect of the psychology of money management which causes many traders to fail. That is people’s desire to trade as part of a crowd. It’s not necessarily wrong to trade with a crowd, but it’s essential...
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