TradingMarkets Making Great Traders - The Best of This Week's Trading Lessons

Dear Trader:

TradingMarkets' mission is "Making Great Traders." Each week we publish trading strategies and research from many of the best professional traders and educators in the world.

Here are the best of the articles we published this week. We hope you enjoy them and prosper from them!

This Week's Top Lessons

David Ryan: CANSLIM Trader Finds Profits in Patterns
David Ryan worked directly with legendary momentum trader William O'Neil decades ago. Now, in this recent interview you'll learn how he manages money by applying the core principles of CANSLIM, an approach which allowed him to end 2007 up 47%.

The Importance of Prior Price Levels
Do you day trade stocks or the E-minis? If so, here a simple strategy that allows you to anticipate the current day's intraday price action with two simple numbers.

Night Trading: A New Look at a Market of Opportunity (Part 1)
One of the best kept secrets on Wall Street is target rich environment of the after-hours trading session. In this article, Brooks McFeeley will show you how professional traders are able to take advantage of both short- and long-term trading opportunities on a consistent basis after the closing bell.

Should You Trade Mechanically or with Discretion?
There are two types of traders, discretionary and mechanical. In this article from professional trader and CEO of Market Testing Wizards Rob Davenport explains how to determine which approach could best maximize your trading results.

Understand Your Market for the Best Results
If you've been trading stocks and want to try your hand at Forex, be sure to do your homework first. Professional Forex Trader Selwyn Gishen explains how to go beyond strategies and understand the unique characteristics of individual markets in order to improve your trading.

Popular Past Articles

CNBC's Fast Money Man: Pete Najarian on Options (Part 2)
Most traders know Pete Najarian from his appearances on CNBC's popular post-market television program, Fast Money. In Part 2 of this recent Big Saturday Interview of Pete, he will discuss the options strategies that are his personal favorite along with his insights on where the edges are in today's options markets.

Direction is the Key to Using ADX Correctly
For years, the ADX indicator has been a favorite of savvy traders. In this article from financial markets veteran Chuck LeBeau, you'll learn a little-known way to use ADX that can increase its accuracy in predicting the continuation of a trend.

Good luck and successful trading!

Eddie Kwong
Executive Vice President
TradingMarkets