When people ask me what training has helped me become successful as a trader, they are usually surprised to hear that it is my background in psychology. Of course, the ability to read price and ......

by: Mike ParnosWhen you hear the term "vertical spread," the first thing that comes to the mind for many is something you might do while standing up. In the world of options, there is a ......

by: Mike ParnosSome traders like structure. The more hard and fast rules you can give them, the better they like it. On the other hand, there are creative thinkers – traders who take concepts ......

By: Mark ParnosIn the wide world of directional trading there are basically two species – trend followers and contrarians. Trend followers take the "hitch your wagon to a star" kind of......

by: Mike ParnosA little violence is one's life can be very exciting, and profitable. No, I'm not suggesting you go rob your neighborhood liquor store. I'm talking about your trading life. The violence......

By: Sam SeidenWhy pay attention to the foreign currency markets (FOREX)? Most people value their net worth by performing various calculations and arriving at a number that has a "$" sign in ......

by: Mike MahonQuestion from a student: I'm completely confused by limit orders. What good do they do, especially in relation to risk management? Can I hold an overnight position on a stock bought at ......

By: Ed PonsiIt's morning in Anytown, USA. People wake up and go to work, leaving behind a huge investment - a house, the value of which is measured in U.S. dollars. At the end of the week they receive......

By Sam SeidenWhen walking around an Online Trading Academy classroom during the trading portion of a Professional Trader class, I see the trading workspaces of traders, the charts they are looking at ......

Q) I recall you saying on one occasion that during the non farm labor report, stops are not guaranteed. So I phoned my broker and posed the question to him. He said that stops are never guaranteed. Do......