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Trading Tip #16 : Buyers or Sellers

A question I often receive is, "How can there be more buyers or sellers at one price? Isn't there a buyer for every seller and a seller for every buyer?" The answer is yes, but people are forgetting one important thing. There is a bid and an ask (or offer), and only one of them can be traded at a

Trading Tip #14 : Getting Technical

If you know your way around a price chart then you are ready to learn a little more about technical analysis. This kind of analysis is defined as an attempt to try to forecast price movements based on patterns observed in price changes on charts, or other changes that are not rooted in fundamental

Trading Tip #11 : Healthy respect for the markets

Markets are powerful things. When you first start trading, you are likely to hear a lot about the risk that comes with the potential opportunities in trading. Don't just pay it a lip-service. It is important that before you risk one dollar, you understand and respect how the markets work and what

Secret Trading Tip #1 : Trade with a Plan – Using a Stop Los

In my opinion, every trade you consider should be laid out ahead of time with a roadmap. A complete map should have an “off ramp” or a place where it makes sense to enter the market. It should also have exits for your destination (profits) as well as off ramps for emergency exits. This part of your

Metals and Gold Review

Gold, Gold, Gold. Gold here, Gold there, Gold everywhere. This is the story seemingly every day now as Gold rips another $13 to $1,360 on the COMEX as the USD continues to weaken against other major currencies. "Palladium rose as much as 2.8 percent to $602.75 an ounce, the highest since June 2001