The importance of economics cannot be overemphasized. Basically, it is the study of how societies make efficient use of scarce resources. By studying how markets work, people also learn how to make efficient choices in managing their own scarce resources, such as time and money. Proper knowledge of economics molds you into a better consumer, manufacturer, and trader with enhanced decision-making...
Some of the most successful options traders can tell you that they learned options trading by doing proper research and reading a tonne of industry literature. While this is a great way to harness information in the digital age, you only get random bits and pieces of the puzzle. The cool part about harnessing information on the internet is that...
If you didn’t know yet, day trading isn’t for everyone. Closing down trades before the end of the day brings limitations. One example is the incapability to gain overnight profits, which may be very significant. Moreover, staying focused on the day's events and watching charts can be tiring and stressful. Even successful day traders also suffer from burnout if they...
Today, traders are increasingly drifting towards forex due its enormous volatility and endless amount of trade set-ups that occur daily. More and more people understand that to actually become a successful trader, you need to dedicate a significant amount of time to learn the craft in hopes of becoming profitable. A key element to profitable trading is a proper broker. With...
Day trading is a great career choice whether you’ve just graduated from college or you're an entrepreneur looking for a career outside the mainstream. However, like any other business venture, day trading is not a stroll in the park. Due to the volatility of the stock market, prices can move in a matter of minutes, and you could gain or...