Using Time & Sales Successfully in Trading (Update 2021)

Time & Sales, which shows the time and price of every executed trade, is an important analytical tool for trading. Occasionally you may have questions about your order executions and want to check the conditions under which trades were transacted. With my broker (Interactive Brokers), it’s very easy to track and check the trades in …

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What is Slippage in Trading? (2021)

Slippage in Trading

The term slippage (from the verb “to slip”) refers to the difference between the expected price of a buy or sell order and the actual execution price. This article describes my experience with slippage in trading. Slippage occurs in fast or illiquid markets There are three trading situations in which you may experience price deviations …

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Understanding and Using the Bid Price in Trading (2021) 

Bid Price in Trading

In this article, I’d like to explain the bid price, or bid, which plays an important role in trading. The opposite of the bid is the ask price. The bid is the highest price at which someone is willing to buy a security in the market. By contrast, the ask is the lowest price at …

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Understanding and Using the Ask Price in Trading (2021)

Ask price in Trading

In this article, I’d like to explain the ask price, or ask, which plays an important role in trading. The opposite of the ask is the bid price. The ask is the lowest price at which someone is willing to sell a security in the market. By contrast, the bid is the highest price at …

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Ed Seykota – Trading Legend and Market Wizard

Ed Seykota

Ed Seykota is a trading legend. He was born in 1946 and earned a degree from the renowned Massachusetts Institute of Technology. He is considered the first system trader. By 1970, he had achieved phenomenal success using computers and automated systems for futures trading. The first computerized trading systems At the start of his career, …

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The Best Economic Calendars for Traders (2021)

Economic calendars: in order to prepare for trading each day, it’s essential for traders to be informed about the dates on which economic data is released. For this purpose, I’ve integrated a helpful economic calendar with current financial news into this website. Every trader should be aware of the release dates for important economic data, …

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Taking Advantage of Commodity Futures as a Trader

Commodity futures are an interesting type of speculative investment. Before the introduction of stock index futures and forex trading, speculative traders had few options other than commodity futures. In this article, I’d like to discuss the most important commodity futures contracts. Commodity futures have origins in agriculture The first commodity futures were traded on the …

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Currency Trading – What You Need to Know (2021)

Currency signs

Currency trading offers excellent opportunities for private and institutional investors and traders. The reason is that there are a large number of currency pairs that usually offer sufficient volatility (price fluctuations) for trading. In addition, most currencies are very liquid and transaction costs are low. In this article, I’d like describe a few important principles …

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Toby Crabel: One of the Best Traders in the World (Update 2021)

Toby Crabel

In this article I’d like to introduce Toby Crabel. Some readers will certainly have heard of this successful fund manager, who wrote the trading book Day Trading With Short Term Price Patterns and Opening Range Breakout. But others will be hearing his name for the first time. I think you can learn a lot about …

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Calculating the Tick Value in Currency Futures (2021)

I’m often asked by traders how to calculate the tick and pip value in forex trading. In this article, I’d like to take a closer look at currency futures and provide an explanation of “tick value” as it is commonly used in futures trading. In a later article, we’ll discuss pip value, which is what …

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Tickmill (2021) – introduction of the forex and CFD broker

Tickmill logo

Broker comparison – who is the best? In this article, we are introducing the broker Tickmill. What is behind Tickmill? The online broker with the official company name Tickmill UK Ltd has been residing in London since 2015. The vision of this still relatively young company is to offer private investors and companies worldwide an …

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