Here is a simple and interesting forex trading strategy, which also employs multiple timeframes:

This is an intraday method he talks about but it would doubtless work on pretty well any timeframe.

Asoka

Here's a very informative stock and forex trading video about mistakes that can wreck your trading and terminate your account:

The Day Trader

Peter Millman discusses his addiction to the stock market. Video by Vincent Laforet.

Some Facts Concerning Forex Day Trading | Business Blog – A Guide …

In fact, day trading is actually defined as the selling and buying of the commodity during one day. Well, and the forex modern market is exactly where.

Publish Date: 09/26/2010 10:48

http://www.master-edge.com/some-facts-concerning-forex-day-trading/

Day Trading Advice: Trading Is A Mental Game

A real trader gives insight on what it takes to become a successful trader in this video from Lightspeed Trading's (www.lightspeed.com Trader Talk Series.

How To Do Stock Trading Online – Day Trading For a Living …

How To Do Stock Trading Online Is it possible to day trade for a living? Considering the fact that many people have earned well into the.

Publish Date: 09/01/2010 18:29

http://onlinetradingtips.org/how-to-do-stock-trading-online-day-trading-for-a-living

What Is Day Trading School ? | Find Day Trading

Day trading is highly profitable–and highly tumultuous. Moreover, the financial markets have changed considerably in recent years. Expert author Toni Turner gives you the latest information on mastering the markets, …

Publish Date: 09/01/2010 1:24

http://www.finddaytrading.info/what-is-day-trading-school/

Forex Trading- What you should know about it | Online Trading Tips

There are a lot of opportunities online nowadays where one can make a living and in some cases make a serious income which will enable them…

Publish Date: 08/25/2010 16:26

http://onlinetradingtips.org/forex-trading-what-you-should-know-about-it

Online Forex Trading Course: Introduction to Forex Trading …

Forex is an abbreviated name for foreign exchange. The Forex trading market is an around-the-clock cash market where the currencies of nations.

Publish Date: 08/25/2010 14:27

http://onlinetradingtips.org/online-forex-trading-course-introduction-to-forex-trading

Forex Trading Sessions

There are two major forex trading sessions, the forex heatmap resets ahead of both of them.

www.forexearlywarning.com
www.theforexheatmap.com

Author:markmcdon2000

The other night, I had finished up my shopping at the local supermarket and was heading homeward in my car. The main lights in the car park were off, which definitely distracted me somewhat as I had to fumble around to get into the car, and then really strain to see the keyhole to turn the ignition.

So, now I was on the main road just outside the supermarket, heading back, when suddenly a silver car pulled out from a side road and almost slammed into me side on. He braked suddenly and pulled back into the side street. He also had the wretched nerve to honk his horn at me!

So I’m thinking stuff like, “You idiot! Why don’t you look the heck where you’re going? And then YOU honk at ME?!”

But I’m also thinking, how could this happen? It’s as if he didn’t even see me. Is he totally blind or am I invisible?

Then I noticed something very interesting. My gaze flicked to my dashboard. My headlights were completely off! Yes, I could see the road ahead just fine because there were streetlights. But I guess that nobody could see me coming so very well!

It was night and I was driving like a bullet in the dark, unseen.

Hmmm. So who’s the idiot now, I wonder?!…

I have to admit I felt more than a trifle guilty about it. There could have been a really bad accident if I had carried on much longer. Luckily, I had only just left the supermarket, and even more luckily, my attention had been immediately alerted to the problem by this incident.

So, what's this story got to do with online trading, you might ask? Well, nothing and everything!

The fact is, it's a very good life lesson. Many traders trade like this – absolutely certain that what they are doing is right, and MUST be right because it's them doing it. And that's totally irrespective of what the markets are plainly telling them!

We get negative feedback from the market, e.g. it moves against our position. So what happens? Instead of having a stop that gets hit and takes us out for minimal loss, we have no stop at all. Or worse still, we actually ADD to the position. That's kind of like saying to the market, "You IDIOT!"

It's just like when the guy nearly hit me and had “the cheek” to honk at ME. We carry on all the same, just swearing that we are RIGHT! Then one day, we crash and burn and scratch our heads and wonder why?

Is it any wonder that 95% of online traders crash and burn when it's like they're driving without their headlights on! They're just asking to crash.

It's a great analogy that I want you to think about for your life and especially for your Trading. What is your blind spot? What is it that you are just refusing to see in your method?

We can drive along in our lives, not examining what we are doing, not being as AWARE as we should be. Then one day, reality collides with our fantasy and we are left to pick up the pieces, and wonder what the heck happened. This happens ALL the time in Trading.

Rather than think “Idiot” about the other guy, I was left asking, “SO who’s the idiot now?” And that's what we need to ask ourselves (in a constructive fashion of course, i.e. "What can I learn from this?") when we get our noses bloodied in the markets.

In fact, the guy who nearly hit me was symbolic of all those people who warn us we are in danger when we take a wrong path, but who we filter out and ignore because we don’t want to hear what they have to say. Luckily for me, he appeared on the scene and awakened me to something I would not have seen otherwise until perhaps it was too late.

Maybe the lesson is, switch on your headlights BEFORE you have the crash! In Trading this means, examine what you are doing in full awareness and make sure that it is what you really want to be doing. Do you have a method and is it PROVEN to work?

Realize that what you do has financial consequences for your trading account. Every lapse, even momentary as mine was, can have enormous results.

So, make sure that when it comes to your Trading, you too are not a dark bullet in the night, heading for a certain crash and burn. Switch the lights on, and shine the bright light of Awareness onto your Trading and your life in general.

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Get the FREE Report, The 7 Deadly Mistakes Of Online Trading. Which of these critical errors do YOU make… and you don't even know it?…

I took off a losing Dow Jones stock index trade yesterday.

That’s not a big deal. After all, you win some, you lose some.

Maybe I should say, I FINALLY took off a losing trade. It’s one of those things. You learn something. You know it. You even teach it to others. And sometimes, you let your discipline slacken and don’t do it yourself!

We’re all prone to this which is why we must maintain our discipline when doing online trading. The financial markets are not forgiving.

So what did I do? Well, the market opened yesterday morning a little outside of my stop-loss level but it was just drifting (this was an options trade so it’s not so easy to enter the stop at the time of the trade). I told myself that I would let it drift a little more in my favour and then take the trade off.

But you know what? A stop is a stop. If you’re wrong, you’re wrong. And what you invariably find if you play this sort of game is that you lose more than you ever win.

So it was yesterday. When I finally took the trade off, the loss was substantially larger than it needed to be.

Now, it’s no big disaster because it was a really small trade size. However, it is the principle that counts. I don’t think we should ever tell ourselves that we can “afford” a trade, i.e. the present loss level. If you do, you find that all too often, it will get to a point when it really DOES hurt!

Besides, if you play this game, when ARE you ever wrong on a trade? After all, if the market were to then improve in my favour, and maybe even go all the way back to breakeven, isn’t that less reason to take the trade off?

No, the answer is always to know your stop, i.e. when you are definitely wrong, and exit once it is hit or passed.

I shall make sure that I never make this mistake again. How about you?…

Asoka Selvarajah

Here is my video analysis for the Dow Jones Index. It was done on June 29th 2009. Enjoy:

As you will see from the chart below, the Dow Jones shows major support from a long-term trendline going all the way back to the low of 1987 following the Stock Market Crash. THIS is why the stock markets have been rallying of late and for no other reason.

Dow Jones Stock Market Long-Term Trendline Support

A closer look at the recent price action shows a down-ward sloping channel in place. There was also major support derived from three coincident Gann levels derived as price projections from recent tops. These came into the region of 6468-6474. All of THIS put together is why I was able to go long the Dow Jones at 6474, just four points off the major bottom! (If you don't believe me, see my post on March 6th Twitter calling that bottom within just minutes after it had been made!)

Gann Support Levels Giving the 6470 Bottom On Dow Jones

However, the overall long-term picture is NOT bullish at all. We can expect to see these markets rally for maybe a couple of weeks at best, enter the usual sideways consolidation range and then resume the bear market in earnest to take out the bottoms and trade much lower still.

S&P Long-Term Bearish Double Top Chart Formation

On the S&P500, for example, we can see a Double Top in place and completed so enormous that that its price target would be negative prices, i.e. the price would have to go below zero to fulfill it! Be that as it may, the point being made is that the bear market is in place and set to continue for far longer. The rallies we see at present are bear market rallies. Enjoy them while they last, but be prepared to reverse to the downside once more. Obviously, from an investment standpoint, this is STILL not the time to be buying into the stock markets.

For expert in-depth information on all aspects of Stock Trading, visit
Stock Market Trading

The good news for bulls is that Dow Jones Industrial Average (.DJIA) rallied 53.92 points, equivalent to 0.8% on Friday to close the week out at 7,223.98. After a pretty strong performance all week, that meant that the index was up 9%. Meanwhile, the Nasdaq Composite Index (.COMP) also added 5.4 points, i.e. 0.4% and closed the week at 1,431.50, which is a 10.6% gain for the week. The S&P 500 Index (.SPX) closed at 756.55 on Friday, giving it a gain for the week of 10.7%.

This is all very nice. Moreover, the rallies are set to continue to still higher levels over the coming week or two. However, bear in mind that these are BEAR MARKET RALLIES. Although they are strong, these stock index rallies do NOT indicate that the equity markets have bottomed. Not at all.

Instead, what is happening is that they are finding very long-term technical trendline support and are rebounding from them. Hence, traders can certainly trade the rallies with confidence over the next few weeks. However, do expect the whole picture to turn bearish again quite soon. As for investors, this is STILL not the time to be getting back into stock markets!

For pro secrets and strategies on all aspects of Online Stock Trading, visit Stock Trading