How to be a Trader: The Falcon Way
Free Guides on How to be a Trader from our Trading Staff
The Learn how to Trade Guide helps the beginning trader to understand his/her choices and different paths in the world of trading. Selecting the path that is right for you is very important. Many beginning traders could have done much better if they had a better understanding of all their options. Is Stocks or Forex or Options or Futures your best choice? What methodologies should you consider? What time frame should you trade?
This guide is an overview of what it takes to become an independent trader (no day job) or a serious trader who still wants to keep his day job. What should you expect for returns? What broker should you use? What software should you use? Risk Management is where most new traders fail by trading too much risk on each trade. We will guide you on proper risk management. What about automated trading? What equipment should you have? And more …. a must read for most beginning and intermediate traders.
This guide takes the How to be a Trader guide and focuses on just stock trading. Stock trading has unique features when compared to other types of trading, like Forex or Futures.
At Falcon we sell computers to a lot of veteran traders. In this guide we try to focus on some of the core principals of what we have learned in trading and on what our veteran traders have told us that they have learned.
I nailed the recent market top and you can too. The McClellan Summation Index is an amazing tool that should be in every trader’s toolbox.
Only 30% of the time do humans respond appropriately to disconfirming evidence. Improve your trading by using better decision making techniques and learn how to spot flawed judgments by the experts.
The most common mistake of traders is to take on too much risk. Once they are burned then they go too small, if they still have money left. There is an easy way to know the correct amount to risk on every trade.
Support and Resistance trading is the bread and butt of professional traders. If you are not fully realizing all of the trading opportunities that it give you then you are leaving money on the table.