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By Thomas L. Busby |
February 13, 2008
It’s 4 a.m. An alarm rings in Chicago, and a hand slips out from underneath the covers to turn it off. Economic news from Europe will be announced in 30 minutes and it may spark a trading
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By Thomas L. Busby |
January 16, 2008
Few careers offer as much flexibility as trading. With a computer and Internet access, trading is a mobile vocation. In fact, you can get on a virtual train and travel around the world electronically
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By Thomas L. Busby |
November 14, 2007
On Oct. 19, 1987, my life was rosy. I was a vice president of a major brokerage firm. The family was doing great. I had a nice house, cars and other amenities that a cushy income could provide. By
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By Thomas L. Busby |
October 18, 2007
Day-traders live for big news events. News moves markets. The Federal Reserve announces a rate cut, and the financial markets ignite. Terrorists succeed in delivering a crippling blow to an oil
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By Thomas L. Busby |
September 17, 2007
An American in Paris sits at an ornate wooden desk in front of a hotel window overlooking the Place de la Concorde. He glances down at the pedestrians strolling along the Champs-Élysées, then
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By Thomas L. Busby |
August 17, 2007
By definition, day trading is short-term. That is, the entire trading cycle is completed within the course of a single day or trading session. Given that constraint, prices must move quickly to
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By Thomas L. Busby |
July 17, 2007
By definition, a day-trader enters and exits the same positions during the course of a single trading session. A day-trader does not hold positions overnight and may only hold them for a few seconds
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By Thomas L. Busby |
July 17, 2007
The allure of day-trading is undeniable: Be your own boss, create your own schedule, work from home and make a fortune. That is the dream of thousands of day-traders. A few will experience much of