What Should I Trade? Stock Market, Foreign Exchange, Commodity, Indices or Cryptocurrency?

If you started trading just 15 years ago, the chances are you could only trade the stock market or commodity market (products like gold, oil and silver). However, only 10 years ago the foreign exchange market blew up onto the scene and became the go to market for many traders. Heck, only a year ago did cryptocurrencies blow up on the scene and change the game. Variety is great but can be overwhelming.

Cut the crap, which market is better to trade?

Is it the stock market, foreign exchange, commodities or cryptocurrencies? Each market has pros and cons which we detail below. The worst thing to do is to be stuck in your ways and not adapt, or explore, new opportunities or to find the 'holy grail'. Here at Trader Prophets we advocate trading on all markets but on higher timeframes as detailed in this article here. However, intra-day trading on all these markets will definitely not work. It's just too much to focus on.

Can you trade all of these markets?

Trading is popular now that all...

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7 Reasons Why You Should Trade More Markets On Higher Timeframes

Are you scared to trade the higher timeframes because you think there will be a lack of opportunity?

Perhaps, you're trading for the fun and excitement of it and you think the higher timeframes are just plain boring?

Well, good luck to you. My advice, save your money in your bank account and do not trade the market! If you're starting to hate me now (you won't be the only one) then given me a chance and keep on reading:

7 Reasons Why You Should Trade More Markets On Higher Timeframes:

1. You can avoid the algos hunting your trades

Did you know that trading algorithms now account for up to 70% of all intra-day moves in the financial markets? How the heck can you make money as a trader fighting robots who can take trades in nano-seconds? Well, there is a way if you know how.

Firstly, it's important to remember that these algorithms aren't just left in the market 24/5. They are turned on and off at the will of the trader managing them. That's right, there is still a human element...

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How To Build A Small Trading Account

beginner insight strategy Jul 31, 2020

How to build a small trading account

With over fifty million people around the world turning to the financial markets to build their capital and to create an income there are many who struggle to build a small trading account. After all, whether you are a great trader or a very a new trader most people will be starting off with a small trading account that they want to grow into a bigger one.

However, straight away the pressure of building a small trading account into a larger trading account can be too much as it seems like a huge jump. Of course, everyone wants to get there overnight too! In reality, it can definitely be done but there are some key principles in growing a small trading account which have been laid out for your below.

1. Stop 'trying' so hard

It sounds counter intuitive to stop trying so hard to build a small trading account. After all to get ahead in life you need to try hard right? Well, in most cases that is right but when you have the ability to trade a five...

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Is the Sugar market getting ready to bounce?

Whilst markets have been a bit range based over the past few weeks, there have been opportunities for those who have focused enough on market internals. These include things like currency strength and weakness, commercial positioning and seasonal biases. 

Below is just one market we are actively watching right now...

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So what's happening with the Sugar market right now?

Apart from trying to stay away from it in our diets, there's a few reasons why it makes our watchlist:

1. We are retesting multi-year low points where buyers may creep in, or at least sellers will stop shorting. 

2. The Sugar market typically finds a strong seasonal rally in April, which is not far away. 

3. Commercials have been heavily buying into this move, as they hedge their exposure to a falling product. They are...

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How we're trading USDJPY over the Bank of Japan Policy Statement...

This week the Bank of Japan release their Monetary Policy Statement and will hold a press conference to explain the central bank's policies. No investment bank or economic analyst is expecting any type of monetary policy action to be taken this early in 2018. However, various investment banks are forecasting some changes towards the end of the year. 

From a technical standpoint the chart looks quite interesting...

As you can see, we like to keep things simple folks. In 2017 we experienced a rather large double bottom, which is a bullish trading pattern. This week, we've experienced a similar type of price action setup. Could the market have the same reaction now as it did last year? As traders, we hope so!

Heck, even if we're wrong on the trade it doesn't matter. The reward to risk is strong that you only need to get these trades right around 25% of the time and you can still achieve a positive return. That's right, lose 75% on the time and still make a profit? That's...

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How we're trading Netflix right now

With over 14 different markets on our watchlist this week spanning US stocks, global currencies and commodities here's a snippet of just 1 stock we're focusing on right now: Netflix.

MEMBERS: Watch out for the premium mid-week video update and research

NEW MEMBERS: Check out the Golden Playbook for exclusive access to advanced educational material and trade research

So what's happening with Netflix? Well, apart from the new season 2 of The Crown starting here are the levels we are watching:

As you can see there are some major demand levels on the Netflix chart. Currently, we're at the first area for a potential bounce. Within this zone we'll be waiting for our Trend Tracer and Price Booster setups on the Daily and 2 hour charts for an early entry into the move. 

If the market pulls back further we'll be looking for similar setups at the new demand levels. The key to our success is to keep things SIMPLE! We trade specific strategies on the markets with the highest probability...

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Why I am trading EURUSD higher

As multi-asset class traders there's a heck of a lot going on right now. We're seeing huge moves in cryptos, stocks and currencies - making sure our attention is picking on the high quality and high reward opportunities. 

Here's a sneak peak on why we've been trading EURUSD to the long side for several weeks and why we're looking to add to our positions this week:

From a technical standpoint EURUSD double bottomed at the beginning of the year. We've also recently bounced off major support level and it seems like nothing will stop its rise until overhead resistance. 

We're trailing our stop losses on our long positions and will continue to add this week. 

With over 14 different markets on our watchlist this week spanning US stocks, global currencies and commodities this is just a snippet of one we're focusing on right now:

MEMBERS: Watch out for the premium mid-week video update and research

NEW MEMBERS: Check out the Golden Playbook for exclusive...

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How we're trading FedEx right now

With over 14 different markets on our watchlist this week spanning US stocks, global currencies and commodities here's a snippet of just 1 stock we're focusing on right now:

MEMBERS: Watch out for the premium mid-week video update and research

NEW MEMBERS: Check out the Golden Playbook for exclusive access to advanced educational material and trade research

 

Happy trading folks! Keep it nice and simple, have a focus and always be the hardest worker in the room. 

 

Natascha

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8 October Weekly Hot List

insight strategy watchlist Oct 08, 2017

This week we're trading weekly setups on (charts below):

  • AUDCAD, USDNOK
  • Brent Crude Oil, Live Cattle
  • Rolls Royce, Intuit Inc, CSX
  • Plus 10 more markets exclusively for Golden Playbook members

MEMBERS: Watch out for the premium mid-week video update and research

NEW MEMBERS: Check out the Golden Playbook for exclusive access to advanced educational material and trade research

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1 October Weekly Hot List

insight strategy watchlist Oct 01, 2017

This week we're trading weekly setups on (charts below):

  • AUDCHF
  • Oats, Orange Juice
  • Sage Group, Just Eat (UK Stocks)
  • Apple, Amazon, Boston Scientific (US Stocks)
  • Plus 10 more markets exclusively for Golden Playbook members

We're still managing our long US dollar positions, long European indices and oil positions. 

MEMBERS: Watch out for the premium mid-week video update and research

NEW MEMBERS: Check out the Golden Playbook for exclusive access to advanced educational material and trade research

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