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

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Mistake: Paying for Trading Seminars, Books & Videos

Day Trading Seminars Can Be Misleading

Above all, if you learn nothing else from reading this chapter, please remember the following fact:

In most cases, day trading seminars are the equivalent to really expensive (albeit live-action) YouTube videos.

What this means for traders is that the same information and strategies being used and taught in most of these seminars can be found, for free, on common sites like YouTube.

In a recent experience, I came across a seminar which charged $3,600 for a six-hour introduction class. Further research showed the class’ curriculum covering general market facts alone.

Students attending class received really fancy-looking binders, a catered lunch and the smug feeling that only comes from knowing “the secret.”

What these students did not receive was any information whatsoever on how to trade.

There’s a reason these seminars have the negative reputation that they do. The entire seminar model itself is basically ideal for scammers and should immediately trigger multiple red flags.

This model includes three basic steps:

  1. Show up in a town for a couple days.

  2. Collect lots and lots of money.

  3. High-tail it out of town with no real way for unhappy customers to contact you.

Can you think of a better scam?

A good way to sniff out these scams is to remember the following:

A company’s pricing model directly reflects how it intends on maintaining its future relationship with you.

For example, if a company charges you everything up front, chances are there’s a high amount of risk involved in the product. If the charges are incurred on a monthly basis, chances are the company is banking on you being satisfied with the product.

Trading educators that charge monthly fees generally offer a higher level of support and concern for your success. To put it simply, if you’re not successful, they stop making money.

Tip: Be cautious of large up-front costs.

You’re Clear on Day Trading Seminars, But What About Books?

Books remain a great, inexpensive educational resource for those looking to learn about the markets.

Unfortunately, if a trader wants to actually make money in the market, it requires a lot more (even for the most avid readers) than simply reading some material to get started.

Another issue with these books is how quickly they become outdated. With trading platforms and software evolving so rapidly in recent years, books on a specific subject become useless if more than two years old.

Tip: Avoid books surrounding a specific trade strategy that are more than two years old.

In my experience, I’ve found the most beneficial reading material for traders often has nothing to do with the actual act of making trades. Instead, books dealing with psychology and mental readiness in trading have made the most difference in my trading.

Many traders believe this aspect of trading to be irrelevant. In contrast, I believe it to the driving factor behind 75% of your trading success.

Tip: Not a big reader? Listen to the audio version in the car or at the office.

We’ve Covered Day Trading Seminars and Books. What About Video?

It’s easy to see technological advances in education, television and digital media becoming more and more interactive by the day. Due to this, videos are becoming a faster, more efficient way to consume trading education material.

However, prior warnings in this chapter still apply.

This may seem obvious, but if you come across a system that doesn’t include education videos in its curriculum, it’s likely outdated and faulty. This is clear indication of the system as a whole.

As we previously discussed, there’s more free trading education videos on YouTube and other streaming sites than you can imagine. But know the information in these locations can be repetitive, and even incorrect at times.

If you’re diligent in your research, it will quickly become clear to you which video sources are reliable.

Day Trade FEED’s Picks for Day Trading Seminars

Here at Day Trade FEED, we have a specific way of choosing which seminars have the correct information to incorporate into our day trading system. After years of research and trial/error, we’ve found some really great seminars that provided information that would fit perfectly into our trading system. We determine this by making sure the information is a good fit for traders 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!

We were also careful to make sure these seminars were safe, reliable and properly vetted prior to receiving our endorsement. To receive a list of Day Trade FEED’s picks for Quality Day Trading Seminars, contact us or fill out the form below.

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

First Mistake: No Ongoing Support/Education

Second Mistake: No Specific Way To Replicate Results

Third Mistake: Repeating Key Entry and Exit Strategies

Subscribe below to be notified of future editions.

    DISCLOSURE: While these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits, there is also a risk of loss. A loss incurred in connection with trading foreign exchange currency contracts can be significant. Carefully consider whether such trading is suitable for you in light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital.

    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

    Subscribe below to be notified of future editions.

      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!

          Man Mistakenly Makes $11.6 Million | DayTradeFEED.com

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          Man Thinks He’s Day Trading Futures Demo Account

          Makes $11.6 Million Real Profit

          Above all, the following story shows us how emotion can affect us when we’re day trading futures. Please take this with a grain of salt as not all results are created equal…

          Harouna Traore was learning everything about day trading futures. Part of his training included practice trading a demo account using real market data. He opened a $23,000 account with British brokerage firm Valbury Capital, and began “practicing.”

          Day Trading Futures Without Fear

          Later that night, Traore went home to continue learning about what it’s like to day trade futures on a demo account. Like many beginners do, he went on to push the limits of the trading software.

          After all was said and done, he had lost more than a million dollars.

          Reality Sets In

          After finding himself more than one million dollars in the hole, Traore realized he wasn’t using a day trading futures demo account. In contrast, his account was very real, and he was in a pickle.

          “I could only think of my family,” Traore said. “I was stressed.”

          But instead of alerting the authorities or the company he was trading with, Traore decided to continue trading to see what he could do.

          (Dis)Advantages of Day Trading Futures

          Traore began day trading futures, and eventually found himself building up a $5 billion position in U.S. stock futures. He went on to turn his loss into a profit of about $11.6 million.

          At this point, he called Valbury Capital, who immediately claimed breach of contract. His winnings were declared void immediately.

          Traore is currently suing Valbury Capital for the $11.6 million. The case is ongoing and may move to France in the coming months.

          Learn More About Day Trade FEED

          Interested in learning more about day trading? CLICK HERE!

          Want to know if you have what it takes to day trade? CLICK HERE!

          Find out how much we make day trading by checking out our day trading results!

          Have a question for Day Trade FEED? 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

          by

          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 Terminology – Support Levels

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          What are Day Trading Support Levels and how do I find them?

          To start, let me explain a little bit about what day trading support levels are. Due to a focused cluster of demand, certain price levels stand out because a current downtrend stops for a moment before going through.

          For example, say you’re day trading forex and you have a sell trade active. You know there’s a steady downtrend occurring, and you’re simply waiting for your trade to clear before placing another.

          All of a sudden, the market downtrend pauses. You assume it’s nothing, but as you go forward you realize the market is having a hard time breaking through that specific price level. Chances are that invisible forcefield is a support level.

          How do day traders create strategies around support levels?

          Support levels are a common addition to many trading strategies. Most traders treat support levels, along with resistance levels, as if the market will never break through.

          By calculating the correct support levels, day traders are able to see into the future of the market. In fact, many traders base their entire trade on simply setting up to take profit prior to reaching specific support levels.

          Furthermore, if a day trader knows a support level is located at a certain point, they can take profit on their sell trade and immediately place another trade in the opposite direction.

          What is the main takeaway I’ll need while day trading support levels?

          In conclusion, understanding support and resistance levels is absolutely necessary if you wish to trade using analytical tools. This is especially true for those who often find themselves in short-term investments, such as day traders.

          If you’d like to learn more about how support levels work and how you can implement them in your own personal day trading strategy, contact us using the form below!

            Day Trading Forex – What To Look For

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            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!