Trading strategy: three wise men and the alligator
Learn how to make real profit using the trading strategy of the world famous trader. Today well discuss the strategy called Three wise men and the alligator created by Bill Williams. Williams is a famous trader, the author of the bestselling book Trading Chaos and of many MetaTrader indicators. He managed to increase his capital from 10,000 to 200,000 dollars during 2 years of trading in the stock market. Quite impressive! Lets have a look at his strategy, that is also called the Profitunity trading strategy.
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The ultimate guide for trading DAX30
In the unstable market realities, we obviously tend to pay more attention to the movements of SP and NASDAQ in order to get a complete picture of the situation in the stock market. At the same time, we forget that these indices reflect mostly the performance of the American equities. That is, for assessing markets of specific countries and for taking advantage of the regional news, you need to consider the domestic indices. These indices comprise the best-capitalized companies of a particular country. For example, the main barometer of the economic conditions in Germany is DAX30, which tracks the value of the 30 biggest companies trading on the Frankfurt Stock Exchange (FSE). Traders like this index for many reasons. One of them is, of course, Germanys status of the leading economy in the Eurozone. That is, the index takes into account the situation in Europe as well as in Germany.
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Trading psychology: see it right, part 2
In Trading psychology: see it right, part 1 we have taken an abstract and rather philosophical view at the chart analysis, questioning the validity and relevance of resistance and support levels. In this Part 2, we will be more technical and specific in our effort to show the importance of precision, study, and detailed examination in chart analysis.
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Trading psychology: see it right, part 1
Making a step aside from everyday trading, lets think a bit about how we see the charts, the prices, what may be true in them and what may be illusory. The dialogue below is presented to you to make the process of consideration more fun and easily perceivable while delivering to you the main ideas as explicitly as it is possible. Enjoy, and remember that this is just the first part of the talk, the second will be presented to you shortly.
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Turtle trading system
To be successful in trading, I need years of experience! How many of you think the same? Well, you probably havent heard about Richard Dennis, who trained a group of novice traders, called Turtle traders, and who made 100 million dollars in a short period. They proved that by following a simple set of rules even a beginner can earn a good sum of money.
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No fear: how to stop worrying and love the market
We can repeat on and on until it becomes clear to everyone. The current situation in the market does not mean the end of the world. On contrary, you should take a deep breath and calm down. Yes, the recent plunge looks dramatic, but the market managed to recover from even bigger falls. And lets not forget that we do trading here. That is, we can both go short and long on the assets. In other words, we can both sell as well as buy.
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