Data Security for Day Traders

If you re using online trading systems to make money, you need to be absolutely certain that the data related to that endeavor is secure. You have a few options in front of you in this regard and it s a good idea to explore them all. Backup your daytrading software Your daytrading software will likely include the software provided by the company you make your trades through and software that you purchase on your own. For instance, you may be working with your technical analysis indicators on Excel, one of the most popular spreadsheet programs out there. You may also install other programs that play a role in your daytrading activity but that are not provided by the company through which you trade. You have to back up any information generated by these programs. Understand that a program and a file that it generates are two different things. The program itself may or may not back up its settings but you should always backup any documents you create in a program. For example, you don t
https://www.indicatorwarehouse.com/data-security-for-day-traders/

August 28 2015 | Futures Trade Room

August 28 2015 | Futures Trade Room
http://www.youtube.com/watch?v=Wov0qc4yWug

Using Effective Risk Management Tools to Increase Your Profits

The Right Risk Management Tools Can Increase Your Profits Using effective risk management tools, you can increase your profits by reducing the amount of risk on each trade you make. Reducing risk can sometimes be equated to increased profitability. Many professional day traders understand that an effective risk management plan can serve as one of the most important tools of being a successful day trader. However, many newbie traders often overlook risk management, usually to their own detriment. Win to Loss Ratio Using a “win to loss” ratio is one of the highlights of an effective risk management plan. Specifically, using a win to loss ratio works as a comparison to how many losing trade you have against profitable ones. As an example, if you had 30 total trades with only 10 losses your average would be 30:10 or 3:1, that would be calculated at ((30 / 10) * 100)  = 300) or a 300% win to loss ratio. The higher the win to loss ratio you experience, the higher your profitable levels
https://www.indicatorwarehouse.com/using-effective-risk-management-tools-to-increase-your-profits/

August 26 2015 | Futures Trade Room

August 26 2015 | Futures Trade Room
http://www.youtube.com/watch?v=ipWIWCvnHK8

August 27 2015 | Futures Trade Room

August 27 2015 | Futures Trade Room
http://www.youtube.com/watch?v=bbOuk_R4RHc

The Truth about Trading Software

What is you best indicator? Do you guarantee your trading system will work? I get these questions all the time.  When I hear them, alarms go off in my head because it usually means the person asking has inflated expectation of what ANY trading technical analysis indicator can do, including the systems from Indicator Warehouse. Sadly, I realize this is usually because of all the silly marketing hype in the day trading vendor market. (We wrote a great post about this  and the CFTC Fraud Advisory). But, when you strip away all their marketing fluff you are left with software!      Think of trading software, ours included, like a Word Processor.  MicroSoft guarantees the spell checker , the font changer and the auto indexer work great.  But, do they guarantee you can write the next Great American Novel?   No.      However, if you have a gift for writing, and if you ve taken a some writing classes, then a word processor will make writing a book much easier, faster, and be
https://www.indicatorwarehouse.com/truth-trading-software/

The Move du Jour Rule fr Trading

Successful trading has as much to do with timing as anything else. You can have all the best tools at your disposal, but that won’t help you much if you miss the move of the day. Most markets will make only one major move in a session. Occasionally you will see a smaller secondary move before the end of the day, but that is rare. It is important is to recognize when you might have missed the move of the day and resign yourself to that fact. Failure to do so might cause you to chase less promising trades which are likely to turn into losers. This week has been a good example of the Move of the Day Rule. The stock indices confined themselves to making one good move during the day, either higher or lower, and then remained relatively range-bound for the rest of the session. Below is a chart of the NASDAQ. Notice how the market became Flat after the big run up. If you missed the initial move you would have been wise to turn off your computer and head to the golf course instead. Attempt
https://www.indicatorwarehouse.com/the-move-du-jour-rule/