Someone had just held up the Whitnash One Stop Store in the UK. The take: cash and lottery tickets. The shaken-up shopkeepers wouldn’t have to wait long for justice.
It had been snowing that night and the culprits’ footprints led authorities directly to them. Six people in all were arrested for knocking over the One Stop.
Every day, the ‘take’ is lifted in every market right under the nose of millions of retail traders. Unaware, they gleefully trade away their accounts without any knowledge of what the institutions are doing. Rest assured, footprints are being made that will lead you to profits.
As long as buyers and sellers have been trading the markets, two predominant sentiments have been in play: fear and greed. Centuries ago, Japanese rice traders developed the candlestick method to graphically depict trader sentiment. It has worked successfully for hundreds of years, and still works today.
Do you feel like your current trading system is off just a fraction of a degree? Does it have huge potential, but you are just missing on your entry timing, taking on too much heat, only to stop out and see the trade go on for a huge winner? Worse, do you ever have winning trades that you hold onto far too long, only to see them come all the way back and hit your stop?
If you are trading a new market, or if you are just getting started as a trader, there is no single place to find the market information you need to begin trading. Instead, traders tend to scan multiple sites, looking for all of the pertinent and intrinsic details for the market they are looking to trade.
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