Education

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One of the best advantages of learning to trade is that the skills can last a lifetime. Experienced traders often say that it takes years to become a good trader. Often it is difficult for new traders to know where to start. Here’s 10 steps that you can explore further to help you get started in the exciting and rewarding business of trading! 1. Open a broking account – Find a reasonably prices online stock broker and open an account. 2. Read trading books – Start out reading good trading books before you spend a lot of money on expensive courses. 3. Read articles – Articles are a great resourceRead More →

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What is a trailing stop? A stop loss order is an order that says: ‘if the price of this stock falls below $xxx, sell my shareholding”.  So a trailing stop loss is an order that serves the same purpose but which is also moved up (or down for short positions), either manually or automatically, under (or above) the share price as prices move higher (or lower). Using a trailing stop loss is a useful tool for both traders and investors as they can: minimise losses as the trailing stop moves closer towards the entry price lock in profits if the trailing stop is above the entryRead More →

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How do you find your trades? How much time do you spend analysing the market? Do you use a scanning tool that guides your entries and exits? Do you use technical or fundamental data or both? One simple way of sourcing trading candidates is to use Trading Edge Dynamics Editors Select Setups. Each week, the Editor runs 2 scans in the Trading Edge Dynamics platform and reviews a ‘Value Opportunities’ watchlist to identify charts of interest for members. As an additional service, the Editor also identifies trading opportunities from each of these 3 sources and highlights them as Editor’s Select Setups.  Each identified chart is ‘marked up’ with potential pricesRead More →

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To be successful as a trader you need to learn how to manage your risk. One way of doing this is to use a position sizing technique where you know the amount of capital you are putting at risk before you enter any trade. At Trading Edge Dynamics we encourage appropriate position sizing. Our Editors Select Setups come with suggested entry, stop and profit target price points to help you manage your risk. How does knowing these price points help? Let’s take a look at the position sizing technique and explain the process. The diagram below shows a theoretical trade – a horizontal resistance line,Read More →

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Do you feel as though you are constantly getting frustrated, changing trading strategies and trying something new and continually searching for the ‘holy grail’ of indicators? Don’t worry, you aren’t alone!  Most traders and investors go through this phase at some stage or other. The secret is to make a conscious decision to improve your skills as a trader and get yourself off the ‘treadmill’ of frustration and change. Here is just one suggestion for a way you can approach solving the problem. Develop a Continuous Improvement Trading Framework To implement this approach you have to have a trading strategy that you are comfortable withRead More →