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Welcome to Trading 201!
 You're going to want to read
this issue. The theme? Decision support tools and how they're as good as the person whose hands are on the controls.
This third newsletter coming to you from the creators of eSignal explores our choices — everything from the market we trade to
the charting tools, technical indicators and trading systems we use. It reveals how those choices need to match our
trading profile and the market to maximize profit and minimize loss.
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The Psychology of Trading It's Bennett McDowell's
(of TradersCoach.com) turn again to enlighten us. In this issue, he describes how we might just be swimming
up stream, attempting to trade against our core beliefs instead of with them. |
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Raghee Horner (of EZ2TradeSoftware.com) is also back in
The Basics of Technical Indicators. This time, she continues her discussion of drawing tools by focusing on Fibonacci. She de-mystifies its use by explaining, not just where to draw the Fib levels on a chart, but how the lines can support decisions for entry and exitpoints and assessment of risk-to-reward ratios. |
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This last of Raghee's series on The Basics of Forex Trading is a terrific extension of her discussion of charting tools. Here, she explains how trendlines and Fibonacci retracements help her answer the three questions she always asks herself when making a Forex trade: Where should I enter? Where do I place my stop loss? Where are my profit targets? |
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Short, sweet and to-the-point, this Trading Styles article by John Netto, President of One Shot - One Kill Trading LLC, is an overview of his swing trading strategy, particularly how he correlates price movement with charting tools, sector, stock, bond and currency analysis when trading an index. And, there's a bonus article for this section: Jim Harrison, founder of Eminimaster.com, discusses the ins and outs of profiting from E-Mini scalping. |
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Glad to be part of your continuing education, we hope you take the time to take in what this issue has to offer.
Cynthia Crossland
Publisher
P.S. Watch for Issue 4 of Trading 201, which will be coming
to your email box, compliments of the creators of eSignal.
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