Results for tag "education"

Seven Trading Tools I Couldn’t Trade Without


We all know that the tools don’t make the trader. A caveat to that though is that while much of the success of profitable traders comes from within, every profitable trader has a small set of tools that they absolutely couldn’t trade without. They might be software, hardware, or something completely unrelated to trading, but I guarantee you they’re there. I use a ton of resources to gather ideas for trades and execute on those ideas, but there are seven tools about which I can confidently say, “If I didn’t have this, there would be a …


The Six Most Influential People in My Trading


I've met many people in my trading journey.

In 2014 I drove around the country for three months, traveling over 7500 miles to meet and trade with some of the best traders on the planet. Some of the people who’ve influenced me I met on that journey. Others I’ve met via social media, in trading chat rooms, or just by chance. While everyone I’ve met or interacted with in this business has had at least some impact on my trading style and abilities, there are six people who stand out from the crowd due to the …


The Federal Open Who?


Background information:

If you’re actively trading, one thing you’ll hear other traders talking about from time to time is “FOMC Day”. Eight times a year, the Federal Open Market Committee, or FOMC, gets together and discusses various topics including economic growth, unemployment, interest rates and inflation. After the meeting the committee makes an announcement to the world regarding what they discussed. Often you’ll see the market react violently to this announcement, which usually happens at 2pm, so it’s worth it to understand exactly what implications these meetings have, what the FOMC is talking about and how …