Errors When Trading The Inside Bar Pattern

3 Common Errors When Trading The Inside Bar Pattern The inside bar pattern can be a very powerful price action signal if you understand how to trade it properly. Unfortunately, many traders do not know how to trade it properly and as a result, they end up losing money over and over and become frustrated with inside bars. Like any other price action signal, there are subtleties to trading the inside bar setup and learning these subtle differences between a ‘good’ and ‘bad’ inside bar signal is often the difference…

14 Stages of Investor Emotions

Trading Psychology, The 14 Stages of Investor Emotions Efficient markets are based on the assumption that rational people enter transactions with the intent to maximize gains and minimize losses. While this theory is sound, most investors are not the purely rational robots that efficient markets rely upon. Instead, emotions – there are 14 stages of investor emotions – often cloud our decision-making and prevent us from acting in a rational manner. Knowing we can never conquer our inherent emotional biases, we should seek to understand the range of emotions we…

Strong Versus Weak Opportunities

Online Trading Academy teaches our students where the proper areas to buy and sell lie on the charts. Those areas, as you may know, are supply and demand levels. However, there seems to be some confusion among traders as to how to identify the best levels for entering or exiting trades. What we call “strong versus weak opportunities“. Free Trading WorkshopRemember, we want to buy at strong demand levels where the supply is very thin and prices are likely to rise.  We want to sell at supply levels where the…

Frugal habits to become a millionaire

8 frugal habits to become a millionaire which helped me become and stay a millionaire. There are approximately 35 million people who are millionaires in the world. As Robert J. Samuelson states so perfectly in The Washington Post, “That’s about 5% of the U.S. adult population (241 million in 2014), or one in 20. Rarefied, yes; exclusive, no.” Though the population numbers have gone up in the past year, they still prove a point. It’s totally possible for you to become a millionaire when you know this 8 frugal habits…

How to Read Stock Tables

Every investor needs to know how to read stock tables their find in any financial paper and which will look something like the image below: Columns 1 & 2: 52-Week High and Low – These are the highest and lowest prices at which a stock has traded over the previous 52 weeks (one year). This typically does not include the previous day’s trading. Column 3: Company Name & Type of Stock – This column lists the name of the company. If there are no special symbols or letters following the…

Trade Forex Like a Sniper

Trade Forex Like a Sniper … Not Like a Machine Gunner A sniper in the military has an edge over his or her enemy; their edge is unwavering patience, mastery of their weapon, and the ability to remain consciously in control of their mind and body for long periods of time in high-stress situations. We can apply these same concepts to trade Forex like a sniper. Forex trading is very similar…you need a trading edge (weapon), you have to master this edge, you need to develop and maintain rigid self-discipline…

Fakey Pattern and How to Trade It

What is Fakey Pattern and How to Trade It. One of my favourite price action trading patterns is the fakey pattern. There are many reasons why I like this pattern but perhaps the most important is the meaning behind it and its ability to be a reliable indicator of potential near-term (and sometimes long-term) market direction. Let’s see what is Fakey pattern and how to trade it. What is a fakey price action pattern? A fakey pattern in the market means that a false-breakout of an inside bar pattern has occurred. In other words,…

Stock Tips For Investment Success

60 Stock Tips For Investment Success We just finished up William O’Neil’s book, 24 Essential Lessons for Investment Success, and found it to be a great resource of stock tips for beginners. There are tons of great investment tips which were highlighted at the end of each chapter, and to summarize the book this post we will mention 60 of them. The best thing about the book in our opinion was the simplicity behind the material. Will O’Neil always seems to do a good job of making the read easy and…

Invest in This and You’ll Always Make Money, History Shows

You can’t do any better than 34 for 34. Find out how following two critical steps could allow this investment to make money for you, too! IMAGE SOURCE: PIXABAY. Volatility is a normal part of investing, but to many investors, it might appear that the fluctuations this year have been even wilder than usual. For some, it’s been too much to handle, and they’ve retreated to the sidelines. Statistically speaking, people who buy individual stocks have a 50-50 shot at making a profit. Yet even the best stock pickers tend…

Different Types Of Stocks

All you need to know about the different types of stocks. There are two main different types of stocks: common stock and preferred stock. Common Stock  Common stock is, well, common. When people talk about stocks they are usually referring to this type. In fact, the majority of stock is issued is in this form. We basically went over features of common stock in the last section. Common shares represent ownership in a company and a claim (dividends) on a portion of profits. Investors get one vote per share to elect the boardmembers, who…