Sunday, January 31, 2016
Forex Systems Tester Loves DTS Trading System
The Diversified Trading System day trading software (DTS), continues to shock and amaze those who use it. And I m not just talking about newbie traders I m talking about seasoned futures, forex and stock traders. First it was Erich Senft in the futures space. After 17 years of trading futures, he dumped his old method and now exclusively trades with DTS because DTS is so much easier and relaxed. I m never rushed and it s so much less subjective because it tells me when there s a good trade setting up. Now there s Omar Eltoukhy, a Forex pro who s learned technical analysis the hard way, spending countless hours staring at charts and looking for complex patterns. In the video below Omar gives you his take on DTS and admits how skeptical he was when he started using it. No surprise there Omar has tested over 60 Forex trading systems, in depth, and found almost all of them lacking in various ways. But DTS impresses Omar and in the video below you find out what Omar likes about DTS
https://www.indicatorwarehouse.com/forex-systems-tester-loves-dts-trading-system/
Do You Need to be Smart to Day Trade?
Here is another truism I heard today, “There is so much money in finance today, that it doesn’t pay to be smart. Just don’t get hit by a bus!” Now sit back and give that some deeper thought. It shouldn’t take long before you realize the reality in those words as it relates to the markets and the ability to day trade them. You don’t need to be the smartest, most talented person, with highly developed math skills to day trade successfully. It is, in fact, the code developers not the traders that must operate at the speed of light turning transmitted bits of data into actionable algorithms in the financial markets. Back to the first truism from above – that it doesn’t pay to be smart when it comes to finance – or so it seems. Honestly this continues to be a true statement no matter how far back we look – all the varied crashes, financial collapses and calamity, bubbles bursting as the love/hate relationship with the US dollar as it expands and contracts.
https://www.indicatorwarehouse.com/smart-day-trade/
Friday, January 29, 2016
Getting Hit by a Bus or how not to!
Here is another truism I heard today, “There is so much money in finance today, that it doesn’t pay to be smart. Just don’t get hit by a bus!” Now site back and give that some deeper thought. It shouldn’t take too long before you realize the reality in those words as it relates to the markets. You don’t need to be the smartest, most talented and have developed all your skills, to be successful in finance. You do however need to be smart, with talent and have developed skills in numbers, correlations, statistics and probabilities. The aforementioned skills are invaluable in determining the over/under value, but it is the coders the algorithmic developers that can operate at the speed of light turning transmitted bits of data into actionable generated automatic responses. These are the folks that really do command our attention due to their abilities to implement those algorithms in the financial markets. Back to the first truism from above – that it doesn’t pa
https://www.indicatorwarehouse.com/getting-hit-by-a-bus-or-how-not-to/
Thursday, January 28, 2016
Market Analysis … The Big Picture
Looking at the Markets Through a Big Picture Lens The first step to good market analysis is the easiest of the steps to do, yet it is surprising how few traders actually do it. The first step to analyzing a market is to determine where the market is relative to where it has been. In other words you need to get a “feel” for where the market is right now. Trying to use your trading software without doing this first step is equivalent to trading in a vacuum. When most traders analyze a chart, they begin by devoting the majority of their attention to the daily chart. A few of them might occasionally consult a long term chart out of curiosity without paying too much attention to the information presented therein. Their reasoning is that the information from the daily charts eventually makes up the data on the weekly and monthly charts anyway; therefore the daily chart is where their attention should be. While it is true that the data on the daily chart does eventually make up the wee
https://www.indicatorwarehouse.com/market-analysis/
Wednesday, January 27, 2016
Day Trading… The Big Picture
Looking at the Markets Through a Big Picture Lens The first step to good market analysis is the easiest of the steps to do, yet it is surprising how few traders actually do it. The first step to analyzing a market is to determine where the market is relative to where it has been. In other words you need to get a “feel” for where the market is right now. Trying to use your trading software without doing this first step is equivalent to trading in a vacuum. When most traders analyze a chart, they begin by devoting the majority of their attention to the daily chart. A few of them might occasionally consult a long term chart out of curiosity without paying too much attention to the information presented therein. Their reasoning is that the information from the daily charts eventually makes up the data on the weekly and monthly charts anyway; therefore the daily chart is where their attention should be. While it is true that the data on the daily chart does eventually make up the wee
https://www.indicatorwarehouse.com/the-big-picture/
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