TRIX or the triple exponential moving average is a trend analysis system that has been around since the early 80s. You can use it to analyze trend momentum and reversals - TRIX is deployed in various swing trading, scalping, and day trading strategies. This article describes a TRIX crossover strategy.
Does it feel like a white-knuckle ride whenever you put on a trade? If the answer is yes, something is going wrong. This kind of excitement may be great for the recreational trader. But for the day trader it can be devastating.
Orders are often seen as nothing more than a gateway to the real business of trading. Yet the range of different order types that’s available offers a powerful set of tools.
Becoming a successful independent trader is something many people aspire to. You can be your own boss, set your own goals, and choose your own schedule.
Pivots are a tool often used by range traders and day traders to work out likely reversal points based on the previous day’s price activity. The beauty of pivots is their simplicity.
The real truth about day trading is much less fanciful, though definitely exciting and certainly capable of making you wealthy if you have the skill, knowledge and temperament.
Spring of 2020 will probably go down as one of the most volatile periods ever in financial market history. And those who know how to ride volatility trends can make an absolute killing at such times.