Articles Category: Investments - Ezine Article Submission

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Health America Offers Get Mental Health Plans By : Jose Anderson If you want to know more about Health America insurance or more about health insurance coverage across the country then check out online there is a ton of great information there that will help you make the decisions about your health that matter. Do You Need Quick Advance? By : Ammon Johns Quick advance loans are the saviors in the times of crisis. Unless a person is very rich, financial crisis is very well understood today in every home in America. The Problem with Predictions By : Markus Heitkoetter Investors often look to experts and experienced traders for their predictions on how the market will trend. For example, I am often asked to predict where the Down Jones Index will be at any given time. The truth is, I have no idea how to answer these questions. Predictions on the market are like throwing a dart Warren Buffet is Not a Day Trader By : Markus Heitkoetter Day traders often seek out stories of people who have had amazing success in the markets for guidance. They flock to biographies of financial celebrities hoping to gain insight and tips to get an edge on their own careers. One such celebrity, Warren Buffet, is often seen as a role model, and a recently released book on him, The Snowball: Warren Buffet and the Business of Life, will no doubt increase his influence. The Difference Between Day Trading and Gambling By : Markus Heitkoetter I have often said that day trading is fundamentally different from gambling, or at least successful day trading is. A successful trader controls his risk with a thoughtful and well-tested strategy, not intuition; but a gambler depends on luck. The Difference Between Fundamental and Technical Analysts By : Markus Heitkoetter I am a day trader, and yet people sometimes ask me questions about the market that go beyond my area of expertise. They assume that since I am successful at one aspect of the market, I should have insight into questions of national and international economics, particularly as it relates to large scale political events. How To Develop Trading Strategies By : Markus Heitkoetter People who want to profit from the market often ask experienced traders how they come up with their trading strategies. Newcomers are often overwhelmed by the amount of available data and are a bit mystified about how to navigate through it. But, even more often, they want to know how to develop a strategy that works consistently, and they expect to find “secrets” that brings them a stable profit. What You Should Know About Forex Trading By : Markus Heitkoetter Recently, Forex trading has become extremely popular. However, many people who are interested in Forex trading have little idea what it involves. They are often attracted to this type of trading based on its popularity and the belief that, because others are using it, it must be profitable. The Holy Grail of Day Trading By : Markus Heitkoetter Sometimes, searching for the perfect strategy can lead to more losses than gains. This is what happens to traders who search for what I call the “Holy Grail of Day Trading.” This is loosely interpreted as a trading system or strategy that cannot fail. As I hope to convince you, looking for it will lead to frustration rather than success. A Must-See Movie for All Day Traders By : Markus Heitkoetter The movie 21 has some fantastic lessons for day traders. Although the movie is technically about gambling, its most important lesson is about how to avoid the riskiest parts of gambling and, consequently, how to avoid losing what you risk. Day trading certainly involves risk, but is also most challenging when it takes on the worst aspects of gambling. What Day Traders Can Learn From Sesame Street By : Markus Heitkoetter I wake up at 7:00am in the morning, and I rarely expect to learn a new lesson in day trading before heading to the office. This morning, however, was different. I often join my kids in the living room watching Sesame Street, and, today, while sitting on the couch with my coffee trying to wake up, I was greeted with a bit of wisdom that all day traders should keep in mind: a lesson about the value of practice and persistence. Day Trading and Net Operating Losses By : Markus Heitkoetter Our goal as day traders is to make money, not to lose it. However, when we do have losses, and we all will no matter how successful we usually are, there are ways to make those losses less costly. One way is simply to learn from the knowledge we gain from an error or a losing strategy. The Key Essentials to a Trader’s Psyche #7:Controlling Negative Emotions By : Markus Heitkoetter Every trader will be afraid at some point. Only a few, the successful few, will resist the urge to act on their fear. Trading is a stressful process, and you will experience many setbacks, but do not allow the potential for failure to blind you to the possible gains. Remember that every setback is a chance to learn and improve. The Key Essentials to a Trader’s Psyche #6:Paying Attention to Your Mindset By : Markus Heitkoetter Keeping track of your headspace may be more important than keeping track of the market. Successful traders pay attention to their emotions. They try to control their emotions instead of being controlled by them, and they know to personalize their strategies for their own comfort and strengths. The Key Essentials to a Trader’s Psyche #5:Recognizing That Success Means Consistency By : Markus Heitkoetter Remember the old riddle about choosing between $10 today or a penny every minute for a week? The best traders know that the repeated penny over the long term is the only smart choice. The Key Essentials to a Trader’s Psyche #4:Finding the Ability to Adapt By : Markus Heitkoetter A trader who only repeats himself is a trader destined to fail. Successful traders can adapt and adjust their trading methods and decisions to changing market conditions. They know that no plan is 100% foolproof, and they stay open to new ideas and experimentation. Fatal Day Trading Mistake #5 -Lack of a Trading Strategy By : Markus Heitkoetter In this industry, most people call themselves ‘traders.’ Unfortunately, a better word for a lot of them would be ‘gamblers.’ No matter how you spin it, trading without a strategy is equivalent to a stint at the craps tables. But there’s no reason to resort to that – finding a dependable trading strategy and sticking to it is really very simple. Fatal Day Trading Mistake #4 -Trading the Wrong Market By : Markus Heitkoetter Traders who play favorites in this area are setting themselves up for catastrophe. It’s easy to get comfortable in one market, but it’s easy to get comfortable in one pair of socks, too. The bottom line is the same: you need to diversify. Thankfully, it’s not hard to do – there’s just one thing you need to look for. Fatal Day Trading Mistake #3 -Not Limiting Your Losses By : Markus Heitkoetter Hate to lose? Who doesn’t? But there’s a difference between losing and losing BIG. Lots of traders fail to limit their losses in search of that one, big win. They feel like any loss is a failure, and so they don’t incorporate a strategy for losses at all. That’s the first mistake. Luckily, it’s easily avoided. Fatal Day Trading Mistake #2 – Not Taking Profits By : Markus Heitkoetter It’s an emotion every trader is familiar with: greed. Who doesn’t want to get rich, and who doesn’t want to do it in one trade? But thinking that way is one of the main reasons most traders lose money. There’s a much better method to making your fortune. Fatal Day Trading Mistake #1 - Struggling to Identify the Direction of the Market By : Markus Heitkoetter New trader? Experienced trader? Somewhere in the middle? Regardless of how long you’ve been trading, it’s very likely that you’ve struggled with identifying trends in the markets.