Get to know Candace Pendleton and some of her commodity trading expert thoughts? You too can start on your journey towards achieving financial freedom day trading futures. And you’ll be excited to discover how simple day trading can be. Wishing you financial success and prosperity! At Commodities University, our goal is to teach regular people how to become better, smarter, and safer investors and traders in any market conditions. Mathematical indicators were invented at the very beginning of technical analysis, long before the creation of computer charts. The first indicators were just a mathematical formula according to which the price average values were calculated, next, they were plotted as dots in paper price charts and connected with lines. Modern indicators are not very different from those early tools. A modern indicator is also a mathematical formula presented by the software shell that is automatically plotted on the computer price chart.

Candace Pendleton is a prolific trader and mentor with over two decades of experience day trading the futures market. Using her system and coaching, thousands of people trade profitably and achieve financial freedom. She founded 123EasyTrade in 2010 and Commodities University in 2015. Dear Candace, I’m up live money today by $265. They were momentum trades more than A trades however they were close to A trades to start and I just picked up on their momentum. I would have called them out but it mostly happened after the JOLTS news when everything was happening so quickly. Rich: I was plus 28 ticks today live money. Last week I was profitable so going for two weeks in a row averaging $300 a day. Love your system!

Trading software is an expensive necessity for most day traders. Those who rely on technical indicators or swing trades rely more on software than on news. This software may be characterized by the following: Automatic pattern recognition: This trading program identifies technical indicators like flags and channels, or more complex indicators such as Elliott Wave patterns. Genetic and neural applications: These programs use neural networks and genetic algorithms to perfect trading systems and make more accurate predictions of future price movements. Broker integration: Some of these applications even interface directly with the brokerage, allowing for instantaneous and even automatic execution of trades. This eliminates emotion from trading and improves execution times. Backtesting: This allows traders to look at how a certain strategy would have performed in the past to predict more accurately how it will perform in the future. Keep in mind that past performance is not always indicative of future results.

Our trading education courses are covering all the major areas, including technical analysis, fundamental analysis, risk management and trading psychology. Furthermore, all the courses are highly interactive and allow you to choose an area of study that would best fit your interests, trading style, assets class and learning objectives. At Trading Education, we understand that everyone’s style of learning is very different. Therefore, we have developed various options through which you can get your trading courses. If you wish to receive a more personalised approach while learning how to trade, a 1-2-1 trading education is the best option for you.

So now I’m up from $810 to $855, That’s 5.5%!! I know that with your system I can pick trades to gradually build my account up to a decent operating level. I also feel that in your trade room I have been through a period of replacing a lot of old bad habits with new ideas that work in real market conditions. It has taken some time because I am a hard-headed Swede, but I am grateful for the new foundation. Thank you so much for the opportunity! Knowledge is power! Thank you, Elaine.

Day traders also like stocks that are highly liquid because that gives them the chance to change their position without altering the price of the stock. If a stock price moves higher, traders may take a buy position. If the price moves down, a trader may decide to sell short so they can profit when it falls. Regardless of what technique a day trader uses, they’re usually looking to trade a stock that moves (a lot). Who Makes a Living by Day Trading? There are two primary divisions of professional day traders: those who work alone, and/or those who work for a larger institution. Most day traders who trade for a living work for large players like hedge funds and the proprietary trading desks of banks and financial institutions. These traders have an advantage because they have access to resources such as direct lines to counterparties, a trading desk, large amounts of capital and leverage, and expensive analytical software.

A market without an obvious direction (lateral movement or flat) is considered unsuitable for binary options trading, with the exception of situations of fairly wide flat, at least 3-4 candles in one direction, when you can open short-term deals on a rebound from the channel borders. For short-term options, the most effective strategy will be to open trades after the breakdown of the trend line and the subsequent reversal in the main direction. More or less like this: When the first signs of a reversal appear, we open a PUT on a downtrend or a CALL on a rising trend. The duration of the transaction depends on the scale of the chart. The most reliable options are worked out, whose expiration period is at least 2-3 times longer than the period selected for trend analysis. The larger the time frame on which you see a strong trend, the longer the trade should be.

The growth of a commodity trading expert : Candace Pendleton: Day trading can turn into a lucrative career (as long as you do it properly). But it can be challenging for novices—especially those who don’t have a well-planned strategy. And be aware that even the most seasoned day traders can hit rough patches and experience losses. So, what exactly is day trading, and how does it work? Day traders buy and sell stocks or other assets during the trading day in order to profit from the rapid fluctuations in prices. Day trading employs a wide variety of techniques and strategies to capitalize on these perceived market inefficiencies. Day trading is often informed by technical analysis of price movements and requires a high degree of self-discipline and objectivity.