Author: Yieldphoria

Do Professional Traders Use Technical Analysis?

Technical analysis, the holy grail to some but denounced as worthless by others. Does technical analysis really work and do professional traders use them? As a former proprietary trader and now a futures trader in a private family fund, I would like to share my views on the topic. What Is Technical Analysis? Technical analysis is the study of past market data on a chart. Technical analysis can be classified into 4 main categories below: General chart reading Technical indicators Candlesticks Chart patternsGeneral Chart Reading Gold on an uptrend This is one of the most basic ways of using...

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Spread Trading In The Stock Market

If you find yourself constantly being whipsawed by the volatility of the stock market, you might want to consider this commonly used strategy by professionals called spread trading. In this article, we will discuss how spread trading can help us to reduce our trading risks and portfolio volatility. What Is Spread Trading? Spread trading is the act of simultaneously buying one product and selling another product. It is also widely known as pair trading in stock market terms. The fundamental of spread trading is to buy the product that is undervalued, relative to the one that we are selling,...

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How To Use CQG’s Order Ticker

What is an order ticker? Order ticker is a tool unique to CQG which shows real-time orders and trades done in a ticker-like graph. It captures a great ton of information and is all represented clearly on the ticker. The order ticker is extremely useful for traders who want to trade using order flow. How to read the order ticker The order ticker shows traders the following information The order book (number of bids/offers)The last transacted priceThe volume of the last transacted tradeOrders entered, removed or modifiedOrders being shifted to another price This is the order book, the highlighted 162.27...

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Complete Guide to Trading Part 4: Bring Your Trading To The Next Level

Regardless of what level of trading experience you have, there are bound to be moments when you feel that you are stuck and can’t get a breakthrough. Today we discuss some ways to help you bring your trading to the next level. Journaling A trading journal is one of the most underrated tools in trading. A well-documented trading journal will enable you to track your progress and review your mistakes. Hence it is important for you to record down every single trade that you have transacted. These are some of the information you should include in the journal: Instrument...

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Complete Guide to Trading Part 3: Trade Management

After our article on preparations before live trading, we have come to the part that truly matters, live trading. In this article, we will be going through what are the things to do and not to do during trading. With a well thought out trading plan, it is time for the execution. Monitor Your Trades While watching over your positions is necessary, how closely should you monitor them is a tricky question. Some would say to let the position play out on its own while others say to monitor your position closely. I would say the answer to this...

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Complete Guide to Trading Part 2: Preparations Before Live Trading

Now that we have gone through the basics of trading in Part 1 of our Trading Guide, Part 2 will be touching on the subject of what are the preparations needed before live trading. Develop Your Trading Plan What exactly is a trading plan? A trading plan is like your compass when you are trekking in the dense forest, guiding you to your destination. Whenever you are lost, refer back to your trading plan and follow whatever you have penned down on it. These are the following that needs to be included in your trading plan: 1) Risk Management...

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