By Richard K. Introduction to Breakout Trades Trading a breakout is simply the act of entering a position when price breaks above/below an area of support/resistance or breaks out above/below a consolidation area or correction. Executing a breakout trade can also be considered as directional trade confirmation, i.e. confirmation that a trend may have resumed. […]

By Richard Krugel Updated June 21, 2019 Introduction to Backtesting Strategies Backtesting is simply the process of testing a trading strategy using historical data so that a trader can see whether his/her strategy has a statistical profitable edge. How to backtest a trading strategy is a vital step that any trader should go through in […]

trading preparation

Introduction to Trading Preparation and Following a Trading Plan Traders that approach the markets without a plan are setting themselves up for failure. Consistently successful traders on the other hand always follow a plan and generally have a daily routine that they follow rigorously in preparation for the trading day. Trading without a plan and […]

By Richard K. Introduction to Trading Discipline Successful traders can be classified as people who have been consistently profitable over a long period of time. The ability to take money out of the markets month in and month out requires extreme discipline and patience. People who enter the world of online trading should always remember […]

By Richard K Introduction to Risk Management Strategy Many beginner traders focus almost entirely on the how to enter a trade and how much money they can make if things go their way, giving very little thought on how to actually manage their open position and limit their risk properly. Proper position and risk management […]