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

Learn How to Use Candlesticks to Stay Ahead of the Market From Steve Nison
Learn a new candlestick strategy from the man who first introduced candlestick charts to the Western world, Steve Nison. In this article Steve will show you how candlesticks can provide you with a clearer picture of the market's current directional bias.

Almost Trading for a Living
Do you have a rewarding career, but also want success as a trader? Read the story of Dr. Steve Gabriel who learned how to trade through books and educational resources from sites like TradingMarkets.com. In this interview, you'll learn about Steve's favorite approaches for short-term trading and be inspired by his trading success while continuing in his work as a physician.

The Benefits of Using Limit Orders over Market Orders
If you're a veteran trader, you probably already know that the use of limit orders is one of the central ingredients for minimizing the risk of entering a trade. This in-depth article from trader Timothy Sykes provides you with a good refresher on this tactic, while teaching you important nuances of order placement that perhaps you didn't already know.

How to Utilize the ISEE Index when Trading Options
While the CBOE put/call ratio is a popular market timing indicator, many traders have experienced poor results using it. In this article from veteran trader Kurt Eckhardt, you'll find out how you may be able to gain a better edge through the International Securities Exchange's (ISEE) new and perhaps more accurate put/call ratio indicator. How did they do it? By filtering out trades from both market makers and broker/dealers.

The Importance of Knowing Your Trading Style
If you're just starting out as a trader, you'll want to read this article from professional trader Toni Hansen. She will guide you through the risks, rewards and unique characteristics of trading vehicles including stocks, forex, options and futures.

Popular Past Articles

CANSLIM Star Trader: An Interview with Gil Morales, Part 1
In this Big Saturday Interview, professional money manager Gil Morales tells the story of how he started out as stockbroker and later became one of the most successful money managers working for the legendary Bill O'Neil. You'll get an inside look at CANSLIM and how Gil learned to buy stocks "fearlessly and relentlessly" from O'Neil whenever the institutions were buying those same stocks.

CANSLIM Star Trader: An Interview with Gil Morales, Part 2
In this follow up to Part 1 of our Big Saturday Interview with Professional Money Manger Gil Morales, you'll learn his unique strategy for managing positions -- one of the critical keys to his success. You will find out his criteria for quickly closing unprofitable positions and allowing winning stocks to making runaway moves in for outsized gains over a period months. Plus, you'll enjoy reading Gil's personal recollections what it was like to work closely with the legendary Bill O'Neil.

Good luck and successful trading!

Eddie Kwong
Executive Vice President
TradingMarkets