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Archives for Forex

On this page you will find archived content about Forex found throughout the website.

How to Avoid Day Trading Scams w/ Utah Entrepreneur Matt Poll

October 12, 2020 by tradersolution

Matt Poll on Identifying a
Day Trading Scam

“The primary thing I would look for in avoiding day trade scams is going to be around control. There’s this association that if you’re a day trader, somehow, that some scam’s going on. I found that’s completely not true.

If someone’s classifying themselves as a day trader, they’re the ones in control. It’s usually their own money. Or it’s their own retirement or some money that they raised or earned from something else. And so they are in it with their own funds. Where I start to see the most day trading scams is where the people don’t have control.

Furthermore, the trading scams happen when people are trying to take other people’s money, or they have a “fund” people are trading. Or they have some promised delivery system. You know, some thing they were trading that was making a bunch of money, and it really didn’t.

Then it ends up turning out to be a Ponzi scheme. Raising money from other people. And in return, they’re actually not even trading. They’re just living off of the money that people gave them and never actually went out and traded in the first place.

I hear stories, probably a couple each year, of people losing millions of dollars to these types of day trading scams. It’s a real thing. So control is a big piece.

If the money’s not in your bank account, it’s a lot harder to control what’s going on with it.”


How do I know if I’m currently involved in a day trading scam?

“So if you are already giving your money to someone else, you might be hearing this for the first time and going “am I a victim already?” And that’s a great question to ask yourself.

If you’re giving your money to someone else who’s classifying themselves as a day trader, they have a system and they’re supposedly trading it. I’m not saying there aren’t legitimate people that are out there doing this, but a lot are doing it in an illegal way.

You might ask some questions. I would look at the language that was used to enroll you and getting your money. And one of the words that I would look for is “guarantee.” If any type of day trader makes a promise that they can guarantee some future result. That is a enormous red flag to me. Because one, this is a highly regulated industry, and you just can’t do that. You can’t use words like “guarantees” in the day trading world where there’s risks. It just, it’s not possible. It’s not possible to have a guarantee in a world filled with non guarantees.

So it’s just it’s a paradox. Really, it’s like this is that reality, there are risks. So you can’t make guarantees. If they use that language, you’re you’re probably at a higher risk. They’re running some type of Ponzi scheme.

Other words or language that I would look for is disclaimers. If they didn’t hand you something that had disclaimers. If you didn’t see federal state disclaimers on stuff that you signed, or if they’re not registered. That’s a big red flag for me. Because, again, this is a very highly regulated industry. And if they’re not in compliance with those things, it’s like what else? What other rules are they breaking? What other things are they doing with your money that doesn’t fall into this? This is a regulated industry and so I would immediately see that as a sign like, hey, something could be going. I’m not saying it is, but could be going wrong here, and would be worth investigating.

Now, if you’re being approached at the moment, those are the type of questions I would ask. I think “you just made a guarantee, I know you’re not supposed to be doing that… what’s going on? Why am I not seeing any disclaimers? Also, why am I not seeing anything about how this is a highly high risk type of environment or you’re not giving me my federal and state disclosures? Why am I not seeing that?”

Those type of questions will very quickly percolate whatever nastiness or gross things that are actually lying underneath. That will start to kind of rise to that surface.”


What is the safest way to avoid day trading scams?

“The safest way to avoid scammers is to be responsible and the most responsible way to be interacting with day trading is to be doing it yourself.

Now, there are places or systems that people promise certain types of things. And immediately, that’s a red flag to me. You’re not going to get into day trading with a promise again, or a guarantee that you’re going to get some result. But ultimately, the lowest risk way. And the the highest way to get the result that you’re looking for is to do it yourself, get educated.

You know, it may seem like a long road, but the end result is way more worth it because handing it to someone else and your money to someone else with the possibility of it completely disappearing. And they never even traded in the first place. That’s a way higher risk and you learning how to do it with the risk of losing at something.

And so I would say take the path of learning how to learn how to do this on your own, learn how to day trade, and give yourself time. Give yourself at least a year, the same. I’m going to give myself a year to learn how to do this, because it’s not a get rich, quick thing either.

I mean, sure, there’s some people that trade like Vegas, and they get lucky. But ultimately, if you want to have the success of a successful day trader, it’s gonna take time, and you just got to go into it knowing “I’m competing with the world around this. And ultimately, I only have to be 51% better than everyone else, right?”

Which is grade school, that was an F, right? So it’s like, you do have those advantages. However, it’s like this. This is going to take some time and patience. And ultimately, the end of the day, it’s about your returns. It’s about your percentage returns not how much how many dollars do they take into my account? And if you could stick with that attitude, you could be a very successful day trader.”


About Matt Poll

Matt Poll is the Co-Founder of General Trader Fulfillment, a company designed to help provide tools and education for investing in the financial markets. Founded during the 2008 recession, GTF has grown to become a national company with over 30 brands and offices.

As an entrepreneur, Matt loves new projects and is a partner in multiple other business ventures nationwide specifically in the real estate, hospitality, and the food and beverage market. He is a father of two boys which drives his passion for education, specifically in the area of entrepreneurship for children. “Live to give” is one of his mottos and he specifically looks for organizations that have high impact in the local community when donating. Matt also gives back to his community by providing personal coaching to business owners and entrepreneurs.

Learn more about day trading and Utah Entrepreneur Matt Poll at DayTradeForGood.com and/or MatthewPoll.com!

Filed Under: Day Trading Programs, Day Trading Results, DayTradeFEED Investigates, Education, Featured Story Tagged With: day trading, day trading scams, forex, futures, how to avoid day trading scams, Matt Poll, Matt Poll, Matt Poll Day Trading, matt poll day trading, Matt Poll Scam, Matt Poll Scam, matt poll trading, matt poll utah, matthew poll trading, matthew poll utah, stock market

Everything Forex Trading Part I of II

July 31, 2019 by Kara Jones

The Foreign Exchange is also knows as currency trading, Forex, or simply FX. In Forex trading every currency worldwide is traded in a global market. With an average trading volume of $5 trillion per day, it is the most liquid and largest market. All stock markets combined don’t even come close to this number.

With such high volume of trading, you may find some great oportunities for yourself in the forex market.

A single USD on any given day could get you 1.1 CAD. The very next day this USD could get you 1.15 CAD. Small changes such can these might not seem like they’d make a difference, but when put on a large scale, the significance becomes apparent.

Lets use an example of a company who pays employees overseas. Imagine what currency exchange rate could do to the company’s bottom line. Lets say for example, they are exchanging one currency for another that is at a higher value. It would be beneficial for the company to make their trade on a day when the exchange rate is lower. If the company needed to exchange USD to CAD, using the example above, it would greatly benefit the company to make their exchange on the day where CAD is 1.1 rather than 1.15. Pennies will add up quick when on a large scale.

Like being a business owner or traveler, when trading forex, you will want to make trades with the knowledge of when exchange rates will change to receive a more favorable rate.


FOREIGN TRANSACTIONS

Foreign transactions in the market are similar to what you may have done if you’ve traveled abroad. A trip north across the border and you are converting USD into CAD. The exchange rate between the two currencies is based on supply and demand. This is what determines how many CAD you get for you USD and the rate of this exchange is constantly fluctuating.


OPPORTUNITIES IN FOREX: WHAT’S YOUR OPINION?

Like stocks, currencies are traded based on what is their assumed value and what direction that value is headed.

The big difference in forex vs stocks is that trading up is done as easily as trading down. Because the market is so large it is easy to find a buyer or seller for the currency you have your eye on. Based on what foreign news you hear, you can decide the value of certain currency and then buy or sell as you see fit.

If you hear news that will cause the CAD to lose value then you would sell your CAD against another currency. The more the CAD depreciates agains the currency you sell it against, the more profit you make. If the CAD begins to regain value then you begin to lose profit and should quickly get out of the trade.

Read more about how to buy and sell currency as well as information on trading on margin in Everything Forex Trading Part II…

Filed Under: Education, Forex, Uncategorized Tagged With: day trade feed, day trade forex, day trade from home, Day Trade My Money, day trading, day trading our money, daytradefeed.net, forex, forex factors, forex market, forex trading, how to make money day trading, make money day trading, make money from home, making money

Watch for these Forex Day Trading Mistakes

July 23, 2019 by Kara Jones

DayTradeFEED.net has put together 5 Forex Day Trading mistakes to watch for

Day Trading can be a very profitable business, but devastating losses are common if you don’t know what you are doing.

At DayTradeFEED.net, we want you to make money day trading–not loose money. Watching for these 3 forex day trading mistakes will help you achieve success.


Averaging Down

Averaging down isn’t the ideal technique for day trading.

Lots of traders end up using the averaging down technique. Averaging down is not the ideal technique, but it can be easy to slip into.

The biggest issue is that when averaging down you are holding a losing position. This means you are possibly sacrificing time and money. Day Trading is such an ever moving process, that your money could be planted in a much better situation.

Another issue with Averaging down is that to you have to get a higher percentage on return to make up for any capital lost from the initial loss. For example, if you lose of our capital, you will have to get a return of 100% to break even. Maintaining these standards in unreasonable in the long run.

Averaging down will eventually end in a inevitably lead to a large loss. Market trends can remain in place longer than you can stay liquid. It is not worth taking the risk of Averaging Down.


Positioning Trades Too Early

Day Traders have to pay close attention to the news surrounding the market. Traders will become very familiar with what news will cause the market to move. It is impossible to know in advance however, exactly which direction the market will move.

 Volatility is a key factor for day traders, but which way will the market move? It is not wise to jump to conclusion before news is announced. It is not worth the risk.


After the News Hits 

News can hit the markets at any time. It seems like easy money to react and take advantage, but you must have a strategy! If not, results can be every bit as devastating as they would be if you traded before the breaking news.

Day Trading should take place after a trend has been defined. Being patient will lower your risk and increase your likelyhood of effective trading.


Risking too Much

More Than 1% of Capital on Forex Trades 

Big risk doesn’t always mean big return. Most traders who take big risks eventually lose big. It is a common rule that traders should only risk 1% of capitol for a single trade.

Limiting the risk percentage will help keep your portfolio on track. Sticking to the 1% rule will ensure that no single trade will break the purpose of this method is to make sure no single trade will break the budget.


Avoid being Unrealistic

It is good to work hard and set goals, however being unrealistic can lead to forex day trading mistakes. The unrealistic expectations we set for ourselves can be projected on the market. The best technique is to watch the market and see it for what it is.

The best way to see the market for what it is is to create a trading plan. Research trading plans and testing them is the best method for day trading success.


DayTradeFeed’s Method

If you are beginning to Day Trade, or if your current method is not yielding success, try us out. We’re here to help

Filed Under: Featured Story, Forex Tagged With: day trade feed, Day Trade My Money, day trading, day trading forex, daytradefeed.net, forex, forex factors, forex market, forex trading, trading forex

Day Trading: How To Minimize Risk

May 22, 2019 by Kara Jones

The risk of Day Trading is not breaking news. One of the best ways to minimize Day Trading Risk is to use stop-loss orders. For long positions, you can use a stop loss order to make sure your loss on certain stocks is not greater than a set number.


Let’s look at an example:

You have 20 shares at 20$ a piece and you are only willing to lose 2$ per share. This means you will place a stop loss at 18$. This way, if your stock plummets to 5$ a share you are not risking a loss of 15$ per share.


A good strategy to limit Losses when day trading is to set a physical stop-loss order, but to also set a mental stop-loss. The physical stop loss is going to physically limit how much you can lose. Your mental stop-loss will put you in a spot where you can immediately exit your position if you trade makes a turn.

 We also recommend setting an amount that you are willing to risk each day. This will minimize your risk for big losses in a single days time. Setting this limit for yourself will help you trade with a clear mind.

If you feel your chosen strategy lines up with your risk limit, then you should begin trying it out. Trying your strategy with paper trade is a great way to feel more confident. Analyze your paper trades and make notes on where you feel your were profitable and where your expectations were either met or not quite met.

The next step will be using a demo trade account that using real market information. Give yourself some time to work with movement in these demo accounts before moving on.

Make sure while practicing, that you are doing your homework. Look at historical charts, making note on where your stop loss would be hit or where your target would be hit. If after research and trial runs you feel your account has been profitable, then it is time to move forward.

If you find you have lost capitol, then change your strategy and try again. Do not start a new strategy on a real account. Be patient and do it right. This will minimize your losses.

Filed Under: Featured Story, Forex, Uncategorized Tagged With: day trade feed, day trade from home, day trading forex, daytradefeed.net, forex, forex factors, forex market

10 Tips for Day Trading Success: Part 2

May 15, 2019 by Kara Jones

Welcome to DayTradeFEED.net’s 10 Tips for Day Trading Success: Part 2. Make sure you don’t miss out on the tips we discussed In 10 Tips for Day Trading Success: Part 1

Tip #6 Timing is Everything

The majority of orders are made in the market’s first thing in the morning.  This helps contribute to the market’s volatility which Day Traders thrive off of. With practice you may be able to see the market patters and pick the best times to make trades, but for beginners its better to wait a 20 minutes or so before making your first move.
During the middle of the day, the market is more stable, but towards the end of the day there is another volatile period before markets close. The volatility of early morning and late afternoon markets are tempting as they provide more opportunity, but we caution beginners to avoid them until more knowledgeable.

7. Use Limit Orders

Figure out your enter and exit strategies. You may use Market Orders which are fast and reliable, or Limit Orders that will give you more control over the execution price. I
If you choose to use a market order there will be no price guarantee as it is executed at the best price available at the time. Going the route of limit orders, however, will give a guarantee on the price but not necessarily the execution meaning the trade may not go through at all.

8. Patience is a Virtue

Whatever strategies you use, make sure you are patient and consistent. Your strategies may not work every single time but the average will lead to day trading success. It is not uncommon for professional Day Traders to win only 50% or 60% of their trades. Be sure that you are limiting your risk, and your methods very well outlined.


9. Keep your Cool

There will absolutely be times when the stock markets get at your nerves. To see success when day trading you have to trade without emotions. Don’t let things like hope, fear and greed influence your decisions. You will be most profitable in you make moves based on logic.


10. Keep on Keepin on

It is important to move fast if you want to be a Successful day trader. Moving fast, however, does not have to be stressful. You’ve now read the first 9 tips, and you understand what its going to take to be profitable. Get your strategy locked in. Practice patience and discipline. If you do these things, there will be no need for stress and anxiety.
Don’t forget he Day Trader’s mantra: “Plan your trade and trade your plan.”

Filed Under: Featured Story, Forex, Uncategorized Tagged With: day trade, day trade feed, day trade forex, day trade from home, day trade terminology, day trading, Day Trading Education, daytradefeed.net, forex, forex trading

How Much Money Can I Earn Day Trading?

April 2, 2019 by Kara Jones

HOW CAN I MAKE MONEY DAY TRADING?

How much money can you make day trading? Great question.

Day traders are not required to disclose their trading results to anyone but the IRS and because of this it is tricky to come up with an average of how much you can make. There are many strategies in trading. This, along with how much capitol traders are working with, must be taken into account.

In their 2011 research paper “The Behavior of Individual Investors,” Professors Brad M. Barner and Terrance Odean at University of California, Berkeley discuss how those who traded without diversified portfolios usually saw an average loss of money. There are also fees with transactions, so it is really important to have that proper education before attempting to make money during day trading.


HOW CAN I MAKE MORE THAN I LOSE?

The best way to assure that you are making money day trading and not losing money is to set stop/loss points as well as profit taking points. It’s important to not make too much of a gamble for an individual trade. The goal is to never allow one bad trade to ruin out your account.

Many full time day traders suggest that to make money day trading you should not risk more that 1% per trade.

Therefore, if you are looking at an account with $30,000 in it, the most you should be risking on a single trade would be $300. Using this 1% strategy will lessen your losses. This takes practice and discipline and will help you to make more money day trading.


A QUICK EXAMPLE

Let’s expound on the above example to see what setting stop/loss points looks like.

If we stick with a $30,000 account,  We are able to risk a maximum of $300 for a single trade. Let’s say the stop/loss is $0.04 and if the share price below $16 ($120,000 buying power/7,500 shares).  With this, we can take 7,500 ($300/$0.04) shares per trade to and stay within our $300 allowed.

Keep in mind this does not include Broker commissions.


FINAL THOUGHTS ON MAKING MONEY DAY TRADING

It would be wise to first ask yourself what you want from Day Trading. What kind of time are you willing to put in?
Using a Broker is a wise route if you and unexperienced, but they do take a commission which will cut into your net profit.  They are a more secure route, but even with a broker we don’t suggest looking at day trading like a hobby.
Day trading takes some serious discipline and training. The strategies are not 100% and there is always a risk. There is no guarantee that you will make money day trading or be able to predict your average rate of return over any period of time.
There are, however, some solid strategies. Mastering these will help you make that extra money you’ve been dreaming of. Contact us at DayTradeFeed If you are ready to commit to learning the strategies that can lead to success in making money day trading. Our personal Coaches can answer whatever questions  you may have.

Filed Under: Day Trading Results, Featured Story Tagged With: bear markets, can i day trade, day trade bitcoin, day trade feed, day trade forex, day trading, Day Trading Education, day trading results, day trading system, day trading teacher, day trading website, daytradefeed.net, forex, futures, make money day trading

Day Trading: Is It Right For You and Me? DayTradeFEED.net Investigates

March 19, 2019 by Kara Jones

Is Day Trading Right for Me?

We live in an age where everyone is looking to make a little extra cash on the side. It’s no wonder why so many are asking, “Is Day Trading is right for me?”

It is true that unexperienced day traders can make expensive mistakes very quickly. For many, however, day trading is a great way to add some cushion to your income.


What is Day Trading?

To know if day trading is right for you, let’s first discuss what day trading is.

Day trading involves buying and selling stocks in a short period of time. Usually about a day.

When day trading, you are not expecting to make large sums of money with each trade. Instead, with each trade the goal is to make small profits.

The goal is that these small individual profits over time will add up to larger sums.


How Does Day Trading Work?

Successful day traders treat it like a full-time job, not merely hasty trading done between business meetings or at lunch.

Practice, practice practice. Those who make consistent money from Day Trading are devoting a lot of time to their work.  They rely heavily on the ever-changing stock market to earn profits.

It is better for Day Traders if the market moves up and down throughout the day regardless of which way it is moving.

When Day Trading, you will be looking for short-sell options to profit off of a falling stock or buying stocks that are trending upwards. Day traders are always looking for something to move around to make a profit.


So, Is Day Trading Right for Me?

In conclusion, only you can decide if Day Trading is Right for You.

Do you have the time to commit to it? Do you have the drive to practice and develop strategies?

A strong suggestion if interested, is opening a practice account before officially day trading. (contact us for more information on this)

This will allow you see what day trading would be like and observe potential results without a huge risk.

 

Filed Under: Forex Tagged With: day trade feed, Day Trade My Money, day trading, forex, forex market, how to day trade, is day trading right for me?, make money day trading, make money from home, should i day trade, trade daile, trade daily, trade from home, trading forex

Huge Mistakes Made When Choosing a Day Trading System | Part Five

September 6, 2018 by tradersolution

Mistake: Make Money Day Trading (System Not Compatible)

Make money day trading. Don’t kill profitability with a lack of funds.

Two things that have nothing to do with a trading system itself can affect trading in a significant way:

  1. Liquidity

  2. Market Being Traded

Some systems claim to see the same results regardless of  liquidity or which market is being traded, but the only way for this to be true is for the trader to have a significant account funded from the beginning.

The truth is that profits are capped by these two principles in every market. On one hand, Forex market caps are traded in billions of dollars. In contrast, traders being capping out at around $5,000 in futures markets.


How to make money day trading, even with Forex caps.

Around $3 trillion is exchanged in Forex markets on a daily basis. Because of this, many traders will never have to worry about caps in terms of profitability. However, minimums balances do still exist, albeit usually at a relatively low rate.

Many brokers offer what is called a “micro account.” These allow traders to open a trading account for as little as five dollars. These offers usually charge more in spreads, but make trading available to just about anybody.

Typically, brokers prefer a normal account to start around $500. These accounts offer lower pip spreads, but keep in mind that profits are taken at the beginning by setting you however many pips behind your entry to pay the spread difference.


How to make money day trading, even with Futures caps.

The Futures market isn’t for everyone due to a required minimum standard balance set by the Commodity Futures Trading Commission (CFTC).

First, it’s important to remember that most brokers will not allow you to open an account with less than $5,000. In addition, contract margins can vary from $500 to $6,000 per contract traded. These parameters are set to prevent losses that traders aren’t able to cover.

The Futures market is also a little more unreliable in terms of liquidity. Take the S&P 500 vs. Silver Futures for example. The S&P involves many more traders, which means there is more opportunity in the market to make profits without “slippage.”

“Slippage” is defined as a change in price which occurs due to a lack of participant reaction instead of an abundance of it. When these markets slip and there isn’t enough traders participating, your trade must wait until the prices moves far enough to pull you out completely.

In turn, this can result in huge losses and/or little profit.


Conclusion: how to make money day trading.

In conclusion, while Futures markets remain a great place to trade, please make sure you have the correct knowledge and experience to correctly navigate the practice. A good place to start is to make sure you know about specific trade times and overnight margin requirements.

The best type of educator of trading system will already have direction on which market fits your individual financial situation and the leverage at which you should be trading.


How to make money day trading with DayTradeFEED.net!

This article is only part five in a series aimed at helping day traders understand what mistakes to avoid.

First Mistake: No Ongoing Support/Education

Second Mistake: No Specific Way To Replicate Results

Third Mistake: Repeating Key Entry and Exit Strategies

Fourth Mistake: Paying for Trading Seminars, Books & Videos

Subscribe below to be notified of future editions.

    Filed Under: Featured Story, Futures Tagged With: choose a day trading system, day trade feed, day trade forex, day trade futures, Day Trade My Money, day trade scam, day trading indicators, day trading mistakes, day trading scam, day trading system, forex, forex caps, futures, futures caps, how much money to day trade, make money day trading, market caps, stock market caps

    Huge Mistakes Made When Choosing a Day Trading System | Part Four

    August 17, 2018 by tradersolution

    Mistake: Paying for Trading Seminars, Books & Videos

    Day Trading Seminars Can Be Misleading

    Above all, if you learn nothing else from reading this chapter, please remember the following fact:

    In most cases, day trading seminars are the equivalent to really expensive (albeit live-action) YouTube videos.

    What this means for traders is that the same information and strategies being used and taught in most of these seminars can be found, for free, on common sites like YouTube.

    In a recent experience, I came across a seminar which charged $3,600 for a six-hour introduction class. Further research showed the class’ curriculum covering general market facts alone.

    Students attending class received really fancy-looking binders, a catered lunch and the smug feeling that only comes from knowing “the secret.”

    What these students did not receive was any information whatsoever on how to trade.

    There’s a reason these seminars have the negative reputation that they do. The entire seminar model itself is basically ideal for scammers and should immediately trigger multiple red flags.

    This model includes three basic steps:

    1. Show up in a town for a couple days.

    2. Collect lots and lots of money.

    3. High-tail it out of town with no real way for unhappy customers to contact you.

    Can you think of a better scam?

    A good way to sniff out these scams is to remember the following:

    A company’s pricing model directly reflects how it intends on maintaining its future relationship with you.

    For example, if a company charges you everything up front, chances are there’s a high amount of risk involved in the product. If the charges are incurred on a monthly basis, chances are the company is banking on you being satisfied with the product.

    Trading educators that charge monthly fees generally offer a higher level of support and concern for your success. To put it simply, if you’re not successful, they stop making money.

    Tip: Be cautious of large up-front costs.


    You’re Clear on Day Trading Seminars, But What About Books?

    Books remain a great, inexpensive educational resource for those looking to learn about the markets.

    Unfortunately, if a trader wants to actually make money in the market, it requires a lot more (even for the most avid readers) than simply reading some material to get started.

    Another issue with these books is how quickly they become outdated. With trading platforms and software evolving so rapidly in recent years, books on a specific subject become useless if more than two years old.

    Tip: Avoid books surrounding a specific trade strategy that are more than two years old.

    In my experience, I’ve found the most beneficial reading material for traders often has nothing to do with the actual act of making trades. Instead, books dealing with psychology and mental readiness in trading have made the most difference in my trading.

    Many traders believe this aspect of trading to be irrelevant. In contrast, I believe it to the driving factor behind 75% of your trading success.

    Tip: Not a big reader? Listen to the audio version in the car or at the office.


    We’ve Covered Day Trading Seminars and Books. What About Video?

    It’s easy to see technological advances in education, television and digital media becoming more and more interactive by the day. Due to this, videos are becoming a faster, more efficient way to consume trading education material.

    However, prior warnings in this chapter still apply.

    This may seem obvious, but if you come across a system that doesn’t include education videos in its curriculum, it’s likely outdated and faulty. This is clear indication of the system as a whole.

    As we previously discussed, there’s more free trading education videos on YouTube and other streaming sites than you can imagine. But know the information in these locations can be repetitive, and even incorrect at times.

    If you’re diligent in your research, it will quickly become clear to you which video sources are reliable.


    Day Trade FEED’s Picks for Day Trading Seminars

    Here at Day Trade FEED, we have a specific way of choosing which seminars have the correct information to incorporate into our day trading system. After years of research and trial/error, we’ve found some really great seminars that provided information that would fit perfectly into our trading system. We determine this by making sure the information is a good fit for traders using Kevin Jones Day Trading Indicators.

    Traders have been using these indicators for more than 20 years, and so far they’ve worked perfectly for us in our trading.

    If you’d like to learn more about Kevin Jones Day Trading Indicators or how they work in our trading system, contact us!

    We were also careful to make sure these seminars were safe, reliable and properly vetted prior to receiving our endorsement. To receive a list of Day Trade FEED’s picks for Quality Day Trading Seminars, contact us or fill out the form below.

    This article is only part two in a series aimed at helping day traders understand what mistakes to avoid.

    First Mistake: No Ongoing Support/Education

    Second Mistake: No Specific Way To Replicate Results

    Third Mistake: Repeating Key Entry and Exit Strategies

    Subscribe below to be notified of future editions.


      DISCLOSURE: While these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits, there is also a risk of loss. A loss incurred in connection with trading foreign exchange currency contracts can be significant. Carefully consider whether such trading is suitable for you in light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital.

      Filed Under: Featured Story Tagged With: bear markets, day trade, day trade bitcoin, day trade feed, day trade forex, day trade futures, Day Trade My Money, day trading, day trading terminology, daytradefeed.net, DemoDayTrading.com, donald trump, ethereum, EUR, eur/usd, Euro, feed, forex, forex factors, forex market, forex trading, free day trading classes, Kevin Jones, kevin jones day trade, kevin jones day trading, kevin jones forex, kevin jones trading, learn to day trade, make money day trading, Matt Poll, Matt Poll Day Trading, usd

      Huge Mistakes Made When Choosing a Day Trading System | Part Three

      August 14, 2018 by tradersolution

      Mistake: Repeating Day Trading Entry and Exit Strategy Mistakes

      Three Questions to Remember When Choosing a Day Trading Entry and Exit Strategy

      While researching trading systems, many traders run into different strategies that are obviously going to fail.

      I recently had an experience with an education company claiming to have made hundreds of thousands of dollar with it’s own proprietary trading system. For a fee, the company was willing to teach me this strategy via their own education system.

      While looking into this company, I made sure to remember the following questions:

      1. If someone decides to make a trade, what do they stand to gain?

      2. What do they stand to lose?

      3. If a company was fishing for a good testimonial, but couldn’t actually deliver on its low-risk guarantees, could it inflate results to mislead consumers?


      A Bad Day Trading Entry and Exit Strategy Can Mislead You

      One of the main ways a company can inflate results is through what is called a hedge. A hedge is an opposing trade of equal value that offsets any profits or losses accrued by a previous trade.

      So, if a trader sets up two accounts, places a buying trade with one and a selling trade of equal value with the other, they are hedging. The profits of the first account will even out the losses of the other and only the winning trades are displayed.

      This is only one of the many ways these “educators” are enticing customers to use their programs.


      How to Spot a Faulty Day Trading Entry and Exit Strategy

      Remember that if you only see a couple of trades on a statement, it’s likely faulty information.

      Now, let’s say you see a statement with over 100 profitable trades. Your first instinct may be to trust the system. However, it’s important to make sure a stop loss was in place before going with this instinct.

      Traders with millions in their account are able to trade the market on the smallest level with no stop loss. This means they are able to hold onto their trade regardless of which way the market swings.

      This isn’t how a typical trader attacks the market, so why would you want a system that isn’t tailored to fit realistic trading parameters? In these systems that don’t use a stop loss, one bad trade can outweigh more than the 100 good ones and wipe out an entire account.

      The typical trader would have a stop loss set and an exit strategy in place. Make sure these are part of your trading system if you haven’t already.


      Day Trading Entry and Exit Strategy Red Flag

      There is no such thing as a perfect trading system. It is impossible to trade without taking at least a few losses here and there.

      Another issue that has been seen is the lack of continuing education surrounding margin. Some education systems even purposely leave margin curriculum all together. This allows the company to show flexibility in their system when a trader is margined out and is looking for someone to blame.

      Margin requirements should be clearly and thoroughly taught before the trader experiences it with a loss.

      A good way to spot margin issues with a trading system is to make sure margin requirements match up with stop loss positions. If the margin would kick a trader out far before the stop loss, it  may simply just be an oversight by the educator. However, if they get this basic step wrong, what other compromising practices will they teach you?


      What to Look for When Choosing a Day Trading Entry and Exit Strategy

      The final topic to be discussed relating to entries and exits is how long or short to make them.

      When identifying an exit strategy, remember that almost every strategy has many variables going into the equation. This can make it hard to plan ahead, which is why some educators determine their exit strategy at random.

      For new traders, it’s important to focus on the winner-to-loser ratio instead of the length. If this ratio is profitable, it shows the system works regardless of its exit strategy.


      Day Trading Entry and Exit Strategy: The X Factor

      At a certain point during their day trading education, each beginning trader finds themselves at a crossroads.The choice facing them? Whether to choose a scalping method (short exits and stops) or a long term strategy (long exits and stops).

      The main thing to consider when making this decision is whether you’re financially capable of practicing this method in your trading. Many think scalping involves less financial commitment than long term trading. However, the truth is the exact opposite!

      Personally, we suggest trading short term systems. The uncertainty of world economics, along with unsteady market conditions in recent years make scalping the safer choice between the two. This is due to the limited amount of time spent in the market as opposed to long term trading.


      Day Trade FEED’s Day Trading Entry and Exit Strategy

      Here at Day Trade FEED, we have a specific way of choosing which entry and exit strategy to use in our day trading system. After years of research and trial/error, we’ve come up with a great way of determining this and adopted it into our trading system. We determine this using Kevin Jones Day Trading Indicators.

      Traders have been using these indicators for more than 20 years, and so far they’ve worked perfectly for us in our trading.

      If you’d like to learn more about Kevin Jones Day Trading Indicators or how they work in our trading system, contact us!

      This article is only part two in a series aimed at helping day traders understand what mistakes to avoid.

      CLICK HERE TO READ PART ONE

      CLICK HERE TO READ PART TWO

      Subscribe below to be notified of future editions.

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