It seems like more and more people are turning to day trading in hopes to find prosperity in their lives. While there are no guarantees in this line of activity, there are certainly lessons to be learned. Those lessons, in of themselves, can be highly valuable in getting to know yourself. These lessons may relate to how you handle loss, how you prepare to quickly execute decisions, how wisely you handle success and retain that success, and how you can manage your attention, finances, commitment, and energy in the long-term.
DayTradeToWin often aims to help beginner traders get started on such a path. Instead of relying on complex methodologies, DayTradeToWin focuses on recognizing candle patterns and then applying rules to place and manage trades. Of course, the first step in day trading is understanding basic concepts and trading software. Basic concepts include definition of trading words. Glossaries exist for such things, though context can explain much. There are many helpful videos for how to learn NinjaTrader. DayTradeToWin has produced a couple that stand out from pretty much all others out there.
Now, what is this “Easy Trading Strategy for Beginners” discussed in the video? It’s the Trade Scalper from DayTradeToWin. Yes, the Trade Scalper is not considered a complicated trading system. That’s because the rules are relatively simple once you are taught them and know what to look for. The software further simplifies the identification of opportunities via Long and Short signals of two types: Long and Short (regular) and DW Long and DW short (double-wick).
When scalping, you must be quick. This is why it’s important to spend time configuring ATM Strategies before trading with real money. You want to get a feel for how the trading method “handles” and account for common profit target goals and stop loss risk values. An ATM Strategy will let you preconfigure these values and select the most appropriate one for the current market conditions.