If you don't have the mystical ability to trade on intuition (like 99% of us), then you should rely on statistics and your computer to prove your trading rules. Here's how a beginner can get started systematically testing trading strategies.
Many new traders think that day-trading is the answer to immediate profit satisfaction. While this isn't true, day-trading still can be a rewarding vocation. Here are some guidelines, tips and perspective for beginning day-traders.
Options trading introduces many more dimensions than futures trading. In the first of three parts in which we'll explain many issues related to options buying, we tackle the most basic issue of all: reading prices.
In this third of three parts, we look at one major pitfall of many beginning option traders: buying deep out-of-the-money options. Here are some guidelines for deciding when, or if, to place these low-probability trades.