Reading the tape is an essential skill for actively day trading. The tape, also known as the time and sales window, shows the trader important information about order flow. It is a stream of data on price and volume, which are two important criteria for intra-day trading decisions . Tape reading takes time to learn and takes practice to understand … Read More
A Trading Conversation
When I began trading in 1996 the lifeblood of the trading floor was the chatter that was exchanged loudly between traders. If a trader was making money in a ticker that information was shared. If a trader found a favorable entry price that information was shared. If a large buyer or seller was identified that information was shared. I made … Read More
Forex: Trader of the Future
Ever wonder what the professional retail trader will look like in the future? I often wonder since I know how important it is to constantly evolve with the game. If you think what works today is going to always work, then you will be left behind. Human behavior does not change, but regulations, volatility and access to information does and … Read More