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Watch for these Forex Day Trading Mistakes

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Daytradefeed.com has put together 5 Forex Day Trading mistakes to watch for

Day Trading can be a very profitable business, but devastating losses are common if you don’t know what you are doing.

At Daytradefeed.com, we want you to make money day trading–not loose money. Watching for these 3 forex day trading mistakes will help you achieve success.

Averaging Down

Averaging down isn’t the ideal technique for day trading.

Lots of traders end up using the averaging down technique. Averaging down is not the ideal technique, but it can be easy to slip into.

The biggest issue is that when averaging down you are holding a losing position. This means you are possibly sacrificing time and money. Day Trading is such an ever moving process, that your money could be planted in a much better situation.

Another issue with Averaging down is that to you have to get a higher percentage on return to make up for any capital lost from the initial loss. For example, if you lose of our capital, you will have to get a return of 100% to break even. Maintaining these standards in unreasonable in the long run.

Averaging down will eventually end in a inevitably lead to a large loss. Market trends can remain in place longer than you can stay liquid. It is not worth taking the risk of Averaging Down.

Positioning Trades Too Early

Day Traders have to pay close attention to the news surrounding the market. Traders will become very familiar with what news will cause the market to move. It is impossible to know in advance however, exactly which direction the market will move.

 Volatility is a key factor for day traders, but which way will the market move? It is not wise to jump to conclusion before news is announced. It is not worth the risk.

After the News Hits 

News can hit the markets at any time. It seems like easy money to react and take advantage, but you must have a strategy! If not, results can be every bit as devastating as they would be if you traded before the breaking news.

Day Trading should take place after a trend has been defined. Being patient will lower your risk and increase your likelyhood of effective trading.

Risking too Much

More Than 1% of Capital on Forex Trades 

Big risk doesn’t always mean big return. Most traders who take big risks eventually lose big. It is a common rule that traders should only risk 1% of capitol for a single trade.

Limiting the risk percentage will help keep your portfolio on track. Sticking to the 1% rule will ensure that no single trade will break the purpose of this method is to make sure no single trade will break the budget.

Avoid being Unrealistic

It is good to work hard and set goals, however being unrealistic can lead to forex day trading mistakes. The unrealistic expectations we set for ourselves can be projected on the market. The best technique is to watch the market and see it for what it is.

The best way to see the market for what it is is to create a trading plan. Research trading plans and testing them is the best method for day trading success.

DayTradeFeed’s Method

If you are beginning to Day Trade, or if your current method is not yielding success, try us out. We’re here to help

Day Trading: How To Minimize Risk

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The risk of Day Trading is not breaking news. One of the best ways to minimize Day Trading Risk is to use stop-loss orders. For long positions, you can use a stop loss order to make sure your loss on certain stocks is not greater than a set number.

Let’s look at an example:

You have 20 shares at 20$ a piece and you are only willing to lose 2$ per share. This means you will place a stop loss at 18$. This way, if your stock plummets to 5$ a share you are not risking a loss of 15$ per share.

A good strategy to limit Losses when day trading is to set a physical stop-loss order, but to also set a mental stop-loss. The physical stop loss is going to physically limit how much you can lose. Your mental stop-loss will put you in a spot where you can immediately exit your position if you trade makes a turn.
 We also recommend setting an amount that you are willing to risk each day. This will minimize your risk for big losses in a single days time. Setting this limit for yourself will help you trade with a clear mind.

If you feel your chosen strategy lines up with your risk limit, then you should begin trying it out. Trying your strategy with paper trade is a great way to feel more confident. Analyze your paper trades and make notes on where you feel your were profitable and where your expectations were either met or not quite met.

The next step will be using a demo trade account that using real market information. Give yourself some time to work with movement in these demo accounts before moving on.

Make sure while practicing, that you are doing your homework. Look at historical charts, making note on where your stop loss would be hit or where your target would be hit. If after research and trial runs you feel your account has been profitable, then it is time to move forward.

If you find you have lost capitol, then change your strategy and try again. Do not start a new strategy on a real account. Be patient and do it right. This will minimize your losses.

Huge Mistakes Made When Choosing a Day Trading System | Part Three

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Mistake: Repeating Day Trading Entry and Exit Strategy Mistakes

Three Questions to Remember When Choosing a Day Trading Entry and Exit Strategy

While researching trading systems, many traders run into different strategies that are obviously going to fail.

I recently had an experience with an education company claiming to have made hundreds of thousands of dollar with it’s own proprietary trading system. For a fee, the company was willing to teach me this strategy via their own education system.

While looking into this company, I made sure to remember the following questions:

  1. If someone decides to make a trade, what do they stand to gain?

  2. What do they stand to lose?

  3. If a company was fishing for a good testimonial, but couldn’t actually deliver on its low-risk guarantees, could it inflate results to mislead consumers?

A Bad Day Trading Entry and Exit Strategy Can Mislead You

One of the main ways a company can inflate results is through what is called a hedge. A hedge is an opposing trade of equal value that offsets any profits or losses accrued by a previous trade.

So, if a trader sets up two accounts, places a buying trade with one and a selling trade of equal value with the other, they are hedging. The profits of the first account will even out the losses of the other and only the winning trades are displayed.

This is only one of the many ways these “educators” are enticing customers to use their programs.

How to Spot a Faulty Day Trading Entry and Exit Strategy

Remember that if you only see a couple of trades on a statement, it’s likely faulty information.

Now, let’s say you see a statement with over 100 profitable trades. Your first instinct may be to trust the system. However, it’s important to make sure a stop loss was in place before going with this instinct.

Traders with millions in their account are able to trade the market on the smallest level with no stop loss. This means they are able to hold onto their trade regardless of which way the market swings.

This isn’t how a typical trader attacks the market, so why would you want a system that isn’t tailored to fit realistic trading parameters? In these systems that don’t use a stop loss, one bad trade can outweigh more than the 100 good ones and wipe out an entire account.

The typical trader would have a stop loss set and an exit strategy in place. Make sure these are part of your trading system if you haven’t already.

Day Trading Entry and Exit Strategy Red Flag

There is no such thing as a perfect trading system. It is impossible to trade without taking at least a few losses here and there.

Another issue that has been seen is the lack of continuing education surrounding margin. Some education systems even purposely leave margin curriculum all together. This allows the company to show flexibility in their system when a trader is margined out and is looking for someone to blame.

Margin requirements should be clearly and thoroughly taught before the trader experiences it with a loss.

A good way to spot margin issues with a trading system is to make sure margin requirements match up with stop loss positions. If the margin would kick a trader out far before the stop loss, it  may simply just be an oversight by the educator. However, if they get this basic step wrong, what other compromising practices will they teach you?

What to Look for When Choosing a Day Trading Entry and Exit Strategy

The final topic to be discussed relating to entries and exits is how long or short to make them.

When identifying an exit strategy, remember that almost every strategy has many variables going into the equation. This can make it hard to plan ahead, which is why some educators determine their exit strategy at random.

For new traders, it’s important to focus on the winner-to-loser ratio instead of the length. If this ratio is profitable, it shows the system works regardless of its exit strategy.

Day Trading Entry and Exit Strategy: The X Factor

At a certain point during their day trading education, each beginning trader finds themselves at a crossroads.The choice facing them? Whether to choose a scalping method (short exits and stops) or a long term strategy (long exits and stops).

The main thing to consider when making this decision is whether you’re financially capable of practicing this method in your trading. Many think scalping involves less financial commitment than long term trading. However, the truth is the exact opposite!

Personally, we suggest trading short term systems. The uncertainty of world economics, along with unsteady market conditions in recent years make scalping the safer choice between the two. This is due to the limited amount of time spent in the market as opposed to long term trading.

Day Trade FEED’s Day Trading Entry and Exit Strategy

Here at Day Trade FEED, we have a specific way of choosing which entry and exit strategy to use in our day trading system. After years of research and trial/error, we’ve come up with a great way of determining this and adopted it into our trading system. We determine this using Kevin Jones Day Trading Indicators.

Traders have been using these indicators for more than 20 years, and so far they’ve worked perfectly for us in our trading.

If you’d like to learn more about Kevin Jones Day Trading Indicators or how they work in our trading system, contact us!

This article is only part two in a series aimed at helping day traders understand what mistakes to avoid.

CLICK HERE TO READ PART ONE

CLICK HERE TO READ PART TWO

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    July 2018 Day Trading Results | DayTradeFEED.com

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    July 2018 Day Trading Results

    Day Trade FEED

    Before we show you our day trading results, we always make sure to explain exactly which trades these results are coming from.

    As we trade throughout the day, we record our trade results to post later on. These trade results come from all kinds of different strategies, including ONIT trades, SAT trades and normal daily trading.

    When we say “ONIT,” we mean the Overnight Impact Trade. Similarly, when we say “SAT,” we mean the Sunday Afternoon Day Trade.

    The ONIT is made Monday through Thursday, usually around 3:00 p.m. MST, and the SAT is a similar trade, but only made on Sunday afternoons. The trades are forex trades, and are placed on the EUR USD. Each trader simply sets the trade and forgets the trade each day, and watches the profits roll in.

    Many traders swear by these trades, and this is one of the only places you can find them!

    To learn more about this daily trade, contact us!

    Now for Day Trade FEED’s day trading results…

    July 2018 Day Trading Results | Day Trade FEED

    Day Trade FEED’s July 2018 Day Trading Results – July 10

    Daily Trades: 5
    Pips Per Trade: 10
    Total Pips: 50
    Lot Size: 0.50
    TOTAL PROFIT: $250

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $250 during the month of July.

    Day Trade FEED’s July 2018 Day Trading Results – July 11

    Daily Trades: 3
    Pips Per Trade: 10
    Total Pips: 30
    Lot Size: 0.50
    TOTAL PROFIT: $150

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $400 during the month of July.

    Day Trade FEED’s July 2018 Day Trading Results – July 13

    Daily Trades: 3
    Pips Per Trade: 10
    Total Pips: 30
    Lot Size: 0.50
    TOTAL PROFIT: $150

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $550 during the month of July.

    Day Trade FEED’s July 2018 Day Trading Results – July 18

    Daily Trades: 5
    Pips Per Trade: 10
    Total Pips: 50
    Lot Size: 0.50
    TOTAL PROFIT: $250

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $800 in the month of July.

    Day Trade FEED’s July 2018 Day Trading Results – July 24

     

    Daily Trades: 5
    Pips Per Trade: 10
    Total Pips: 50
    Lot Size: 0.50
    TOTAL PROFIT: $250

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1050 in the month of July.

    Day Trade FEED’s July 2018 Day Trading Results – July 26

    Daily Trades: 3
    Pips Per Trade: 10
    Total Pips: 30
    Lot Size: 0.50
    TOTAL PROFIT: $150

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1200 in the month of July.

    Day Trade FEED’s July 2018 Day Trading Results – July 30

    Daily Trades: 3
    Pips Per Trade: 10
    Total Pips: 30
    Lot Size: 0.50
    TOTAL PROFIT: $150

    Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1350 in the month of July.

    In conclusion…

    We are Day Trading, Forex and Futures specialists, and love all things day trading! You can find more information on day trading education systems by contacting us!

    Want to be notified when we post our day trading results? Subscribe below!

      “IMPORTANT NOTE: Trading foreign exchange or futures on margin carries a high level of risk. It may not be suitable for all investors. The high degree of leverage can work against you. It can also work for you. Before deciding to trade foreign exchange or futures, you should carefully consider your investment objectives. Also check your  level  of  experience and risk appetite. The  possibility exists that you can lose some or all of your initial  investment. You should not invest money that you can’t afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading. Seek advice from an independent financial adviser if you have any doubts or questions. Past trading history does not indicate future trading success.”

      Huge Mistakes Made When Choosing a Day Trading System | Part 1

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      Mistake: No Ongoing Support/Education

      To begin, think about what is going on in our current day. We live in an era where technology is advancing exponentially, and it seems, at times, as though computers are taking over the world.

      But are computers REALLY taking over the world?

      Foreign exchange (forex) markets recently saw a spike which caused the greatest change in the history of the Yen. Experts attributed this failure to robotic trading, which lost millions in the market due to faulty code.

      This, along with countless other examples, show us that the human brain is more capable than even the most advanced computer in existence. And even when computers become more advanced than the brain (experts believe this to be only years from now), humankind still possesses something computers do not: the ability to evolve, adapt and change.

      Day Trading System vs Robot Trading

      Perhaps Charles Darwin said it best:

      “It is not the strongest species that survive, nor the most intelligent, but the ones most responsive to change.”

      Fortunately, the computer is not a living species, nor does it respond well to change.

      A human mind would have stopped the execution of the trade or the continuation of losses. And just as the world witnessed during the aforementioned fall of the Yen, a robot could not.

      What good is developing a trading tool or system if there is no continued education or support to follow? How does this help you increase your advantage by responding to change?

      Adapting Your Day Trading System

      When the market first began, certain candlestick patterns began to emerge. We know these patterns as Dojis, Hammers, Hangmans, etc. Traders that were able to recognize these patterns and understand how they’d affect the market moving forward were able to adapt and innovate old techniques to make millions.

      The rule of supply and demand in economics is very clear: if something is profitable, demand for it will increase. If demand increases, supply decreases.

      So, what does a trader do with their old, outdated system when it becomes less profitable? Some began their search for the next “golden goose,” while others refine their system with updated data and adapt to the circumstances now before them.

      This is why continued education is critical to the success of traders. Today, there are still traders who use candlestick patterns when determining the best trades to make. The difference is this is not all that goes into their decision. The data from these patterns is combined with current market conditions and other trading strategies to form a more consistent, reliable system.

      Is Your Day Trading System (Support/Education) Affordable?

      Now, what if a trader uses an updated, elite system, but the infrastructure behind support and continuing education within that system is not affordable?

      Unfortunately, this is a common trick of the trade. Many traders lose their first trade without even trading. How? By paying too much for the initial education and education materials to continue through the growing pains that come from learning to trade.

      If a trader pays $3,500 for trade coaching, but their trading system only yields $4,000 per month, chances are the remaining $500 will be used to pay their broker.

      Issue #2 With Some Day Trading Systems

      Another issue many traders see is that they’ll lose money while they learn how to handle losing money.

      There are a lot of trading businesses that shirk all accountability immediately following a student’s graduation from the program. So when a beginner starts to see a trade go upside down, they have nowhere to turn for assistance.

      This lack of support causes many to panic and make rash, emotion-filled decisions while trading. Making these decisions can cause bad habits and practices to form.

      This is why it is absolutely critical to make sure a trading program offers sufficient support and continued education before taking the plunge and joining.

      Pulling the Trigger on a Day Trading System

      In conclusion, ensuring these first two items (support system and continued education options) are integrated into the core of your trading system is absolutely essential. You may find a program that lacks in these areas, and it may be a challenge to walk away. But being confident in these areas will help you find success throughout your trading career.

      In order to determine whether support and education moving forward will be sufficient, ask yourself if the education is actually education and not just information from past market trends.  Many teachers and coaches will claim their continuing education to be worthwhile, when really it merely consists of ancient information from a past generation of traders.

      To truly grow as a trader, continued education needs to be current, driven by live data, state-of-the-art and relevant to today’s markets. This means live webinars, online meetings, etc. While older strategy and information can still be relevant, updating their trading system is necessary to stay profitable as market conditions shift and evolve.

      How to Know if You Have a Good Day Trading System

      This article is only part one in a series aimed at helping day traders understand what mistakes to avoid. If you’d like to be notified when future articles like this are published, subscribe below.

        Until future parts are released, check out our Should I Day Trade? and Introduction pages.

        Have a question about choosing a day trading system, continued support/education or just day trading in general? Contact us!

        Day Trading Results: June 15 – 30, 2018 | Day Trade FEED

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        Forex and Futures Day Trading Results | Day Trade FEED

        Before we show you our day trading results, we always make sure to explain exactly which trades these results are coming from.

        As we trade throughout the day, we record our trade results to post later on. These trade results come from all kinds of different strategies, including ONIT trades, SAT trades and normal daily trading.

        When we say “ONIT,” we mean the Overnight Impact Trade. Similarly, when we say “SAT,” we mean the Sunday Afternoon Day Trade.

        The ONIT is made Monday through Thursday, usually around 3:00 p.m. MST, and the SAT is a similar trade, but only made on Sunday afternoons. The trades are forex trades, and are placed on the EUR USD. Each trader simply sets the trade and forgets the trade each day, and watches the profits roll in.

        Many traders swear by these trades, and this is one of the only places you can find it!

        To learn more about this daily trade, contact us!

        Now for Day Trade FEED’s day trading results…

        Day Trading Results: June 15 – 30, 2018 | Day Trade FEED

        Day Trade FEED’s Day Trading Results – June 15, 2018

        Daily Trades: 3
        Pips Per Trade: 10
        Total Pips: 30
        Lot Size: 0.50
        TOTAL PROFIT: $150

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $150 during this time.

        Day Trade FEED’s Forex Day Trading Results – June 18, 2018

        Daily Trades: 5
        Pips Per Trade: 10
        Total Pips: 50
        Lot Size: 0.50
        TOTAL PROFIT: $250

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $400 during the final two weeks of June.

        Day Trade FEED’s Forex Day Trading Results – June 19, 2018

        Daily Trades: 5
        Pips Per Trade: 10
        Total Pips: 50
        Lot Size: 0.50
        TOTAL PROFIT: $250

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $650 during the final two weeks of the month of June.

        Day Trade FEED’s Forex Day Trading Results – June 20, 2018

        Daily Trades: 5
        Pips Per Trade: 10
        Total Pips: 50
        Lot Size: 0.50
        TOTAL PROFIT: $250

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $900 in the final two weeks of June.

        Day Trade FEED’s Forex Day Trading Results – June 25, 2018

         

        Daily Trades: 5
        Pips Per Trade: 10
        Total Pips: 50
        Lot Size: 0.50
        TOTAL PROFIT: $250

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1150 in the final two weeks of June.

        In conclusion…

        We are Day Trading, Forex and Futures specialists, and love all things day trading! You can find more information on day trading education systems by contacting us!

        “IMPORTANT NOTE: Trading foreign exchange or futures on margin carries a high level of risk. It may not be suitable for all investors. The high degree of leverage can work against you. It can also work for you. Before deciding to trade foreign exchange or futures, you should carefully consider your investment objectives. Also check your  level  of  experience and risk appetite. The  possibility exists that you can lose some or all of your initial  investment. You should not invest money that you can’t afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading. Seek advice from an independent financial adviser if you have any doubts or questions. Past trading history does not indicate future trading success.”

        Day Trading Results: June 1 – 14, 2018

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        Forex and Futures Day Trading Results | Day Trade FEED

        Before we show you our day trading results, we always make sure to explain exactly which trades these results are coming from.

        As we trade throughout the day, we record our trade results to post later on. These trade results come from all kinds of different strategies, including ONIT trades, SAT trades and normal daily trading.

        When we say “ONIT,” we mean the Overnight Impact Trade. Similarly, when we say “SAT,” we mean the Sunday Afternoon Day Trade.

        The ONIT is made Monday through Thursday, usually around 3:00 p.m. MST, and the SAT is a similar trade, but only made on Sunday afternoons. The trades are forex trades, and are placed on the EUR USD. Each trader simply sets the trade and forgets the trade each day, and watches the profits roll in.

        Many traders swear by these trades, and this is one of the only places you can find it!

        To learn more about this daily trade, contact us!

        Now for Day Trade FEED’s day trading results…

        Day Trading Results: June 1 – 14, 2018 | Day Trade FEED

        Day Trade FEED’s Day Trading Results – June 1, 2018

        Daily Trades: 5
        Pips Per Trade: 10
        Total Pips: 50
        Lot Size: 0.50
        TOTAL PROFIT: $250

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $250 in the month of June.

        Day Trade FEED’s Forex Day Trading Results – June 4, 2018

        Daily Trades: 5
        Pips Per Trade: 10
        Total Pips: 50
        Lot Size: 0.50
        TOTAL PROFIT: $250

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $500 in the month of June.

        Day Trade FEED’s Forex Day Trading Results – June 5, 2018

        Daily Trades: 5
        Pips Per Trade: 10
        Total Pips: 50
        Lot Size: 0.50
        TOTAL PROFIT: $250

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $750 in the month of June.

        Day Trade FEED’s Forex Day Trading Results – June 6, 2018

        Daily Trades: 5
        Pips Per Trade: 10
        Total Pips: 50
        Lot Size: 0.50
        TOTAL PROFIT: $250

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1,000 in the month of June.

        Day Trade FEED’s Forex Day Trading Results – June 7, 2018

         

        Daily Trades: 3
        Pips Per Trade: 10
        Total Pips: 30
        Lot Size: 0.50
        TOTAL PROFIT: $150

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1150 in the month of June.

        Day Trade FEED’s Forex Day Trading Results – June 8, 2018

         

        Daily Trades: 3
        Pips Per Trade: 10
        Total Pips: 30
        Lot Size: 0.50
        TOTAL PROFIT: $150

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1300 in the month of June.

        Day Trade FEED’s Forex Day Trading Results – June 12, 2018

        Daily Trades: 3
        Pips Per Trade: 10
        Total Pips: 30
        Lot Size: 0.50
        TOTAL PROFIT: $150

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1,450 in the month of June.

        Day Trade FEED’s Forex Results – June 14, 2018

        Daily Trades: 3
        Pips Per Trade: 10
        Total Pips: 30
        Lot Size: 0.50
        TOTAL PROFIT: $150

        Placing these Overnight Impact Day Trades, Sunday Afternoon Day Trades or regular day-to-day trades would have made you $1,600 in the month of June.

        In conclusion…

        We are Day Trading, Forex and Futures specialists, and love all things day trading! You can find more information on day trading education systems by contacting us!

        “IMPORTANT NOTE: Trading foreign exchange or futures on margin carries a high level of risk. It may not be suitable for all investors. The high degree of leverage can work against you. It can also work for you. Before deciding to trade foreign exchange or futures, you should carefully consider your investment objectives. Also check your  level  of  experience and risk appetite. The  possibility exists that you can lose some or all of your initial  investment. You should not invest money that you can’t afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading. Seek advice from an independent financial adviser if you have any doubts or questions. Past trading history does not indicate future trading success.”

        How to Start Day Trading – Find out at DayTradeFEED.com

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        How to Start Day Trading

        Above all, one of the main reasons we started Day Trade FEED was to help teach people how to start day trading.

        Many people aren’t able to find good information on the subject simply because of a lack of knowledge on where to go. Others find too much information too quickly and become overwhelmed or burned out in a short amount of time.

        If you fall into either of the categories above, continue reading below to find the beginning steps to help you learn how to start day trading.

        How to Start Day Trading the Hard Way

        The hard way to start day trading is to attempt the journey alone. Many people make the attempt, but flame out almost instantly.

        In contrast, many decide to join some sort of day trading educational group that helps them get everything in order before starting to trade live money.

        The reason this is the hard way is because the hardest part of learning how to day trade is knowing where to find correct and accurate information. Many potential traders try to find their information on different investment websites, but unfortunately, these sites are too vague to hold any real value.

        Chances are that if you’re viewing this site, you’ve been exposed to all kinds of day trading programs. Typically, these programs involve large networks of people who share common trading strategies and belong to a trading group.

        How to Start Day Trading the Easy Way

        As previously mentioned, the easiest way to start day trading is to find the program that’s right for YOU. These educational programs can help you get started and seeing profitable trades in a matter of months!

        Due to this, there are literally thousands of day trading education companies all vying for your attention…

        GIVE IT TO THE HIGHEST BIDDER!

        The fact of the matter is that if we’re being totally honest, one of the ONLY ways to day trade is to join one of these groups. Fortunately, that makes it so much more simple!

        How to Start Day Trading with Recommended Programs

        Here at Day Trade FEED, we know finding the right program for you can be tough. That’s why we’ve decided to go over some of the best day trading educational programs and make recommendations!

        Keep visiting Day Trade FEED throughout the upcoming week to see our top five day trading educational programs!

        In the mean time, if you have any questions or want to hear our recommendations a few days early, contact us today!

        Day Trading Futures – Gold, Copper and Silver

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        Day Trading Futures | DayTradeFEED.com

        Update on Gold, Copper and Silver Trading

        Above all, what happened last week should be seen as an example of how trade disputes can affect day trading futures.

        The annual meeting between leaders of the Group of Seven industrialized nations began in Canada last week (G-7 summit). Prior to the meeting, President Donald Trump decided to call out trade agreements between France, Canada and the US. This led to serious tension at the summit. As a result, President Trump has decided to leave the gathering early.

        “The six countries of the G-7 without the United States are a bigger market taken together than the American market. There will be no world hegemony if we know how to organize ourselves. And we don’t want there to be one,” French President Emmanuel Macron said in Ottawa on Thursday with Canadian Prime Minister Justin Trudeau by his side.

        In addition, Trump is also currently feuding over trade with China and Mexico, the US’s neighboring country to the south. Due to this feuding, feelings around the Gold, Silver and Copper Futures markets wasn’t as chipper as many hoped.

        How Do Political Disputes Affect Day Trading Futures?

        These political disagreements can be a nightmare for day trading futures, especially with someone in charge who has a tendency to publicly attack other nations and their leadership so quickly. This can cause big swings in the market that can be hard to avoid and get out of when going against you.

        As a result of this volatility, the price of gold has actually increased, holding on to a .2% increase during the week. This is typical during political turmoil, as many rush to obtain assets such as precious metals as a way of avoiding any type of recession or decreased trading.

        “While risk aversion created from heightened trade concerns is positive for gold, expectations over higher U.S. interest rates are likely to threaten upside gains,” said Lukman Otunuga, research analyst at FXTM. “With the [Federal Reserve] expected to announce another interest rate increase next week, zero-yielding gold may face some headwinds down the road.”

        Above all, make sure you pay attention to a specific resistance level if you’re day trading futures. Chintan Karnani, chief market analyst at Insignia Consultants, believe that resistance level lies at $1,312.60. If the market breaks that level, look for it to continue trending upward.

        Day Trading Futures with DayTradeFEED.com

        Are you looking to retire but aren’t sure if you can afford it? Want to see the world, but can’t quit your day job? Do you have a child heading off to college soon and need to find a way to supplement your income in order to handle it?

        Day trading futures could be exactly what you’re looking for. The reality is that there’s not a lot of other options as ideal for you and/or your business.

        Traders can make money spending as little as one or two hours per day day trading futures. Fortunately, you can learn how to do the same!

        Get Started Day Trading Futures

        If you’re still reading this blog post, chances are you’re pretty interested in learning to day trade futures.

        Fortunately, there’s an easy way to get your questions answered and find all the information you need. Simply contact us, and we’ll have a vetted and accredited representative reach out.

        Day Trading Futures – Still Not Sure?

        Still not sure you’re interested in learning more about day trading futures? Check out our Should I Day Trade? page to see if you have what it takes to get in the game!

        Day trading comes with some unique and prevalent risks attached to it. At DayTradeFEED.com, we want to make sure you have all the resources you need to be successful and see profits.

        Please email us at info@DayTradeFEED.com with any questions or comments!

         

         

         

        Day Trading Forex – What To Look For

        by

        Day Trading Forex and What Drives the Market

        First of all, a lot of people don’t understand what the foreign exchange market (Forex) is. Due to this, I’d like to explain it a little bit and give some background before jumping into this post.

        I first got into day trading a little under 10 years ago. As I was learning the ropes, I was given the choice to put my focus into either forex trading or futures trading.

        “But what is the difference?” I thought to myself. “All I want to do is make money day trading.”

        I laugh as I think back on that time of day trading in my life. How could I be so naive and so young? Of course there’s a difference, even if we’re just talking about the amount of money to be made. In fact, there’s a MAMMOTH difference.

        Day Trading Forex vs. Day Trading Futures

        It was explained to me very briefly at the time, but I remember it well. It was one of my first days learning how to day trade. My coach told me that I could make more money day trading futures because the market moves quickly. I could get my trades in and out in as little as a few minutes!

        I quickly found that while I could make more money trading futures, I could also lose more money. Also, I could lose it a lot faster than I had ever imagined…

        In contrast to futures trading, Forex trading was a little more consistent. The market moves slowly in comparison, which means your trades take a little bit longer to run their course.

        My profits might not have come as fast as if I were trading futures, but because I had more time to process what was going on, I didn’t lose as many.

        What Data to Look At When Day Trading Forex

        As I got further into day trading forex, I realized that there were certain factors that contributed to the market’s movement each day. After doing some research, I discovered the following variables to take into account when pulling the trigger on a trade.

        Employment Data

        The Bureau of Labor Statistics releases a United States employment report on the first Friday of each month. This data is called “non-farm payroll” data, and explains how many people are employed in the country.

        If the data shows a strong increase in employment, the market is sure to increase. In contrast, strong decreases point to a down trend.

        Interest Rates

        Monetary policy is mandated by central banks. This makes them the main focus of investors and day traders alike.

        Inflation

        Inflation is the amount of increase or decrease a certain currency sees over a period of time. If a currency sees strong inflation, it could mean the market is about to decrease due to a devaluation of that currency.

        Gross Domestic Product

        Gross domestic product is the amount of goods or services which were finished during a specific duration of time. GDP is broken up into four different categories:

        1. Business Spending
        2. Government Spending
        3. Total Net Exports
        4. Private Consumption

        Retail Sales

        If retail sales are up, it shows that consumers are spending more, which indicates the economy is healthy. The contrast to this is also true. If retail sales are down, the economy may not be at optimum health.

        Durable Goods

        Durable goods have a life span of more than three years. These tell us how much spending is going on, or the lack thereof.

        Trade and Capital Flows

        When certain countries interact in a negative way with each other (trade wars, tariffs, etc.), their economy is severely affected. A good example of this is going on right now between President Donald Trump of the United States and China.

        Geopolitical and Macroeconomic Events

        Finally, geopolitical and macroeconomic events such as elections and government policy changes can play a big roll in which way the market moves. However, these events are a little more difficult to predict, which means the market could go against you in a big way at a moment’s notice.

        Day Trading Forex with DayTradeFEED.com

        Are you looking to retire but aren’t sure if you can afford it? Want to see the world, but can’t quit your day job? Do you have a child heading off to college soon and need to find a way to supplement your income in order to handle it?

        Day trading forex could be exactly what you’re looking for. The reality is that there’s not a lot of other options as ideal for you and/or your business.

        Traders can make money spending as little as one or two hours per day day trading forex. Fortunately, you can learn how to do the same!

        Get Started Day Trading Forex

        If you’re still reading this blog post, chances are you’re pretty interested in learning to day trade forex.

        Fortunately, there’s an easy way to get your questions answered and find all the information you need. Simply contact us, and we’ll have a vetted and accredited representative reach out.

         

        Day Trading Forex – Still Not Sure?

        Still not sure you’re interested in learning more about day trading forex? Check out our Should I Day Trade? page to see if you have what it takes to get in the game!

        Day trading comes with some unique and prevalent risks attached to it. At DayTradeFEED.com, we want to make sure you have all the resources you need to be successful and see profits.

        Please email us at info@DayTradeFEED.com with any questions or comments!