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The Only Indicator You Need to Beat the Market
Individual traders can succeed in the markets if they know their edge. That edge should include knowing what time frame to trade and which indicator to use. Some simple trading strategies can deliver reliable returns and could help you retire early, if you can avoid emotional responses to market turbulence. Individuals who succeed in the markets generally apply a disciplined and patient trading strategy. The need for discipline is well-known, but patience is rarely talked about by traders. Patience is required to realize gains in the time frame that traders can do best in, which is usually based on weekly charts. Most traders are too impatient to accept the reality that they can’t be day traders, which is one of the reasons most traders fail. Day trading is no longer possible for individuals. High-frequency trading firms analyze prices within nanoseconds and there is no way an individual can compete in that environment. Trading with daily charts requires a great deal of time, and with full-time jobs and family obligations most people can’t maintain the schedule required to succeed in that time frame. (more)
2012-08-20 22:47:47
Source: http://totalinvestor.blogspot.com/2012/08/the-only-indicator-you-need-to-beat.html
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