I never knew where my first job on the trading floor was going to lead me. It started as a runner in the grain room at the Chicago Board of Trade (CBOT) making $70 bucks a week. It then took me into the bonds where I got to know Tom Bladwin who turned $15,000 into… [Read More]
I have dealt with futures traders for over 30 years and I continue to see the same flaw in their trading approach that limits, if not prevents, their success, in my opinion. And, no, it is not using stops as most would think even though that fatal trading mistake ultimately has only one outcome. What… [Read More]
Almost any trader with some experience has heard the trading maxim (or rule) “Don’t try to catch a falling knife…” It usually refers to buying a market falling in price and alludes to how dangerous it can be to try to get positioned when a market appears to have a lot of potential to continue… [Read More]
Some traders like to trade the data, counting on a bounce one way or the other as other traders react to outcomes that differ from the forecast—without regard for how that data fits into the Big Picture. Others trade the chart, assuming that if news is important enough, the response will be reflected on the… [Read More]
This week marks the 25th anniversary of the market crash in 1987. Enjoy this special video from veteran trader Steven Primo as he explores some techniques that could have been used on Black Monday.
In the 2nd part of our Forex trading series Steven Primo explores the confirmation method and teaches you how it can be applied to trading Forex currency pairs.
Learn how to master trading Forex currency pairs with veteran trader Steven Primo in our latest multi-part Forex trading series.
Jesse Richards introduces traders to the market profile tool and goes over the basic uses and functions to help you improve your forex trading
The forecast figure is 0.6% which is an increase from the last release of -0.2%. Read why David Goodboy thinks that this forecast is overly optimistic.
University of Michigan’s Preliminary Consumer Sentiment report will be released on Friday. Provided the domestic job situation and the current roaring bull market, how will the number fair?