As an investor, I know that the right software can make a difference in my returns. I use a program in my trends following strategies that helps me decide which stocks to buy at what time and when to sell. It’s not perfect, but it works most of the time. I have done some trading in hot stocks with mixed results. When I came across the Today’s Hot Stocks newsletter, I was skeptical.

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You might have heard some of your friends talk about trading crude oil futures. You must have been surprised because many people think that trading crude oil futures is only for the hedge funds or really wealthy people. Well, you can trade crude oil futures if you want to. But don’t do it without getting a good training.

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A picture is worth more than a thousand words. Trading would be almost impossible without charts and technical analysis. Trading is all about anticipating and predicating rather than forecasting. Technical analysis is the best tool a trader can have.

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Scalper is a workable profile for a small retail trader. However, you should be able to view the overall trend of the market to gauge whether you are trading with or against the prevailing trend. A scalper is also a seeker of short term profits of the level of 25-50 pips.

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Are you a long term trader like a position trader? Your time horizon can range from a very short term to a very long term. Find the time horizon that best suits you and bring all your trade plan considerations in line with it. Forex traders have different profiles. Your trading profile depends on the time frame you trade. Are you a short term trader like a day trader or a swing trader?

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With Backtesting, traders can actually test their trading strategies and how well they would have done if executed in the past. Backtesting any trading strategy allows a trader to simulate its expected performance using historical price data.

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Have you ever traded multiple timeframes? No, then let me explain what multiple timeframe trading is. In multiple timeframe trading, a trader first looks at a longer timeframe like a monthly or weekly chart to determine the overall direction of the trend. Multiple time frame trading is a trading method used extensively by forex traders. It involves the use of multiple timeframes.

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