Financial markets are full of buyers and sellers that are constantly trading securities. The transactions are conducted through several different order types. They can be used when trading stocks, commodities, futures, currencies, and other financial instruments. Traders should get familiar with all the trading order types and know when/how to use them. This article will …
Trading
How to Create a Practical Trading Plan
Having a trading plan seems like a no brainer, yet many traders fail to create one. It’s like starting a business without a business plan. “I’ll just wing it and hope things work out.” That’s clearly not a plan that will set you up for success. It’s more like a recipe for disaster. Why You …
What is a D-Limit Order?
A Discretionary Limit Order or D-Limit Order uses artificial intelligence to protect traders from latency arbitrage trading strategies. The innovative order type was created by the IEX group and achieved SEC approval in August of 2020. What is Latency Arbitrage? Market makers will essentially intercept or “pick off” retail trader’s orders and profit from a …
Day Trading Micro Futures for Beginners
There are many benefits that come with day trading micro futures. Longer trading hours, easier to go short, better tax treatment, and more. Futures contracts are leveraged. Meaning traders can control a hefty amount of underlying value (notional value) with a moderately small amount of money. Before micros, the biggest downside to the futures market …
What You Should Know About Pump and Dumps
Pump and dumps are a sad part of the financial world. They exist in all markets and can cause tremendous heartache for its victims. Those that can spot a pump and dump, and know how they work, can easily avoid them. Skilled traders can profit off of them as well. The truth is, stocks are …
When Should You Cut Your Trading Losses?
The fear of losing money prevents many people from ever trading or investing. Trading newcomers usually end up with heavy losses at some point, and losses make beginners quit. It’s not hard to understand why. It’s well known that losing money sucks. When to Take a Loss Not all trades will be winners, and you have to …
8 Things Beginner Traders Need to Know
There is a lot to learn when you first begin your journey into stock trading. With so much information available, many beginners tend to miss some crucial pieces. What Beginner Traders Should Know This list of 8 things beginner traders need to know includes some not so obvious yet, vital information. After reading this article, …
7 Habits of a Successful Trader
The unpredictable market can make a fool out of anyone, especially inexperienced traders that lack positive habits and education. What Habits Make a Trader Successful? A trader can’t control the market, but he/she can control their actions and reactions. Unsuccessful traders lack the discipline needed to form a proper routine and stay consistent. Traders that …