Category: Trading Education

Trading Education

Labor Day 2020 Trading Calendar Schedule

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Lab or Day

The US holiday of Labor Day is on September 7, 2020 and most of the trading markets will be closed. Are Stocks Trading on Labor Day? The New York Stock Exchange is closed for trading on Monday September 7th. The NASDAQ Exchange is closed for trading on Monday September 7th. The Chicago Board of Options Exchange or the CBOE is closed for trading on Monday September 7th. The US Bond Markets also are closed for trading on Monday September 7th. Are the US Futures Markets open for Labor Day 2020? The InterContinental Exchange will be closed for Labor Day on September 7th 2020. The CME Group will be closed for Labor Day on September 7th 2020. Below is a breakdown of the various futures markets and their trading availability over the Labor Day weekend. Calendar Date Friday,September 4 Sunday,Sept 6 into Monday,Sept 7 Monday, Sept 7 Monday, Sept 7 into Tuesday, Sept 8 Product CLOSE OPEN HALT OPEN Equity  Regular @ 1600 CT / 2100 UTC Regular @ 1700 CT / 2200 UTC 1200 CT / 1700 UTC Regular @ 1700 CT / 2200 UTC Bitcoin Regular @ 1600 CT / 2100 UTC Regular @ 1700 CT / 2200 UTC […]

Trading Education

FOMO and Trading

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Trading and FOMO FOMO stands for Fear Of Missing Out.   This is an emotional trap of trading psychology for those who are risking actual money.  While trading simulators are perfect for perfecting your trading strategy or trading strategies.  The reality is it is very common to be able to make money while trading “fake money”  I would say that this is a good first step.  You should make money paper trading before you start trading with real money.   However, it is really important that the trading methodology that you are practicing has a realistic risk control in place.  Why? Because when you start to see a stock or cryptocurrency start to move and you have this strong urge to jump into a trade for fear of missing out.   Your emotional greed or is overpowering the logical part of your brain. It also can come from our need of action or stimulation. After all, how many times a day do you look at your phone to check on the news, social media, or that ding of a text that just came in. How to overcome FOMO in trading Step 1. You should keep some sort of trading diary and journal.  […]

Learn to Trade

Wall Street Survivor Trading Simulator & Education Review

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If you are looking for a bunch of information about learning how to trade stocks and also are ready to be hit with free offer after free offer then this is the site for you. The upside is the gamification of the site with investing leagues etc. can really fuel your competitive nature. Since Wall Street Survivor is not a brokerage you also do not need to open up a trading account and provide sensitive information. Here is the downside about all paper trading accounts, trading demos, and trading simulators. They do not replicate the actual fear and greed that comes when you have your real hard-earned money on the line. The actual process of signing up for Wall Street Survivor is as simple as filling out a form and password. Since it is browser-based there is no need to install trading software. I think this site is really great for someone that is wanting to learn the basics of trading stocks and is willing to sift through the offers to find the free trading course content. What I really do not like about the site was there is nowhere to create a watchlist that you can monitor a basket […]

Learn to Trade

Trade Orders Explained

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Trade Execution in the Financial Markets A bit about how trading works.   Trading is best described as an auction market.  On one side there are buyers who are bidding to purchase a security like Amazon or a cryptocurrency like Bitcoin.   On the other side are sellers who are asking for a price to sell a stock like Amazon or a cryptocurrency like Bitcoin.  These are commonly referred to as the Bid and Ask or Bid and Offers for a given market.  The best way to visualize this is to stack them up in two columns one side is the buy-side and the other is the sell-side with the trading prices in the middle.  Those bid and offers also show how much volume I behind those prices. Basic Order Types 1. Market Order A market order is a trade order to purchase or sell a stock at the current market price. A key component of a market order is that the individual does not control the amount paid for the stock purchase or sale. The price is set by the market at the time the order is executed. When you are buying with a market order you will be matched with […]