of any given month. You may want to first select show all to open all markets and then you can scale them down from there. Often times, even experienced traders will make the mistake of entering multiple trades at the same time because they see good signals on many markets / pairs. I also hate to trade any of the exotic currency pairs, these would be currency pairs that include a currency from a developing / emerging economy in the pair. Its time to take action Now that you know what my favorite markets are and why, you should reduce the number of markets youre trading, its time to take action. You need exchanges and clearing services that provide proven risk management solutions in the time zones and regulatory jurisdictions where you want to do business. I feel its necessary to quickly go over market correlations as well as explain why I dont trade certain markets as I know some of you will have questions about these things. It is done by become a market specialist; a trader who has an intimate relationship with small handful of his or her favorite markets. Traders tend to enter trades far too often just because they want to be in the market, not because theres a high quality price action signal present. That is just going to result in me taking a low-probability trade that I dont need or want to take.
The short answer is that I follow a handful of highly-liquid, major markets that provide me with the best price action trading opportunities. The USD/CHF has a very strong inverse correlation with the EUR/USD, so there really is no point in looking at both of these markets, I prefer the EUR/USD. If you want to learn how I trade these markets successfully using simple yet effective price action strategies, check out my price action trading course.
Note: The International Trade Administration provides the Top Markets.
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In 2016, Nial won the Million Dollar Trader Competition. Not only are these the markets that I discuss the most in my members commentary each day, they are also the ones I personally trade and analyze the most, in fact, I rarely even look at any other markets besides these. Market correlation and why I really dislike certain markets. I get a lot people asking me what markets I trade. Most of the time, I am focused on 4 to 6 major currency pairs, a couple of stock indexes and a few commodities (more on these later). Saltwater crocodile, but that doesnt mean you should. The, tradeStation platform offers electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom equities, options aud cad exchange rate forecast and futures trading strategies. This is a handy little short cut that you can use to check the prices of all the instruments on your watch list very quickly so that you dont have to have the watch list window open all the time. Most traders have access to hundreds of markets from around the world. With workspaces created specifically for your role, you can access the data, analytic tools, order management capabilities and other features that help you implement core business and trading strategies in the most efficient manner possible. How many markets are you trying to trade? You are not going to become a successful trader if you dont learn to specialize in and master one trading strategy.
Perfect for trading the S&P 500, swing trading, day trading, and ETF trading.
Many people make the mistake of only developing a trading strategy.e., a strategy that determines the type of asset they want to trade and the level of risk they want to be exposed.
Little thought is given to the money management strategy.
I get a lot people asking me what markets I trade.
The short answer is that I follow a handful of highly-liquid, major markets that provide me with the best price action trading opportunities.