Tools Of The Trade - Tools For Day Traders
Tools - everyone needs tools to do their job. Plumbers, carpenters, doctors, accountants, engineers, ..... everyone. Whatever the job, there are tools that are needed to get the job done.
Day traders need tools to do their job, just like everyone else, and this should not come as a surprise. At minimum, a day trader needs a trading account and a computer. But that just gets you started, enabling you to place trades. But every day trader also wants to be successful, and not simply make trades, and for this reason, tools are recommended. What kind of tools? Simple answer: tools that will help determine the only question that counts in day trading: "where will the market go today?".
There are many choices: take indicators for example. There are over 100 different indicators that can serve as tools. Take your pick. It is possible to clutter up a chart with so many indicators that you can lose sight of the price action, and price action (it was called "tape-reading" in the past) is the most important thing to concentrated on.
I have my tools preference - and I explain it in this video. Thanks for watching. Disclaimer: Futures trading involves substantial risk and is not appropriate for everyone.
Видео Tools Of The Trade - Tools For Day Traders канала Timeless Dollar Trading Academy
Day traders need tools to do their job, just like everyone else, and this should not come as a surprise. At minimum, a day trader needs a trading account and a computer. But that just gets you started, enabling you to place trades. But every day trader also wants to be successful, and not simply make trades, and for this reason, tools are recommended. What kind of tools? Simple answer: tools that will help determine the only question that counts in day trading: "where will the market go today?".
There are many choices: take indicators for example. There are over 100 different indicators that can serve as tools. Take your pick. It is possible to clutter up a chart with so many indicators that you can lose sight of the price action, and price action (it was called "tape-reading" in the past) is the most important thing to concentrated on.
I have my tools preference - and I explain it in this video. Thanks for watching. Disclaimer: Futures trading involves substantial risk and is not appropriate for everyone.
Видео Tools Of The Trade - Tools For Day Traders канала Timeless Dollar Trading Academy
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8 августа 2022 г. 20:02:05
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