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Most traders fail because they do not have a trading plan. As a trader, you need to spend some time analyzing the market and doing your daily homework. From the previous days action you can develop a trading plan for the day. Of course market action is unexpected and you may have to adjust according as the trading day progresses. But having a basic idea of price levels is important to guide you in your trading day. This is a short video on my daily analysis technique for Sept 1st, 2006. CLICK HERE TO VIEW VIDEO
Most traders fail because they do not have a trading plan. As a trader, you need to spend some time analyzing the market and doing your daily homework. From the previous days action you can develop a trading plan for the day. Of course market action is unexpected and you may have to adjust according as the trading day progresses. But having a basic idea of price levels is important to guide you in your trading day.
This is a short video on my daily analysis technique for Sept 1st, 2006.
CLICK HERE TO VIEW VIDEO
