Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.” Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader. We already talked about it in the previous article: Being able to determine the direction of the market is one of the most important skills of a trader, because it dictates the type you trading strategy you use. In a trending market, you want to use a trend-following strategy. And in a sideways market, you want to use a trend-fading strategy. For more information on this topic please read the previous article "How To Be A Trader - Part 2"
How To Identify The Direction of The Market
Way back in the 90s I used fundamental analysis to try and predict the market. Long story short, it didn't work for me. Continue reading "How To Be A Trader - Part 3"