That this recession will subside anytime soon is tantamount to an exercise in self delusion. What we should however concern ourselves with is how we can overcome it and even use it as a springboard for our stock trading strategy and success. The fact is, this global crunch has created opportunities for stock traders to even smile more to the banks than when the world economy was stable and buoyant. This article will provide you with tips on what stock trading strategies to adopt and still make money regardless of whether the market goes up or down.
If you’re using technical analysis as one of your forex trading strategies you probably use candlestick charts. Candlestick charts are one of the three options (along with bar and line charts) and are the most popular with modern traders as they give the most vivid picture of what’s happening in the market. But are you using them to their full advantage?
The wealth of information available for you in order to learn how to day trade can be overwhelming. Speaking from experience, when I first started intraday trading I found it hard to see the wood for the trees. What with all the books, blogs, magazines, videos, seminars and all other media out there, it is not surprising that the majority of day traders fail to even break even. Statistics just released indicate that just over 97% of new day traders, who have been blinded by the potential wealth in the markets, fail to break even within a year. This is a huge statistic, and can be directly attributed to information overload. So how exactly does a trader choose the best day trading strategy?