Markus Heitkoetter

In this article I will explain to you how to develop a profitable day trading system in five steps: Step 1: Select a market and a timeframe Step 2: Define entry rules Step 3: Define exit rules Step 4: Evaluate your day trading system Step 5:...

“Is it really possible to make a living as a day trader?”This question is asked over and over and over again by normal, ordinary people. The answer is simple: “Yes, it is DEFINITELY possible! And, better yet, you yourself can do...

I am frequently asked how long one should backtest a online daytrading system. Though there's no easy answer, I will provide you with some guidelines.

In my opinion backtesting can be a very powerful tool if used correctly. The problem is that many traders over-use the functions provided by the different backtesting software packages and think more is better.

Anyone who knows anything about stock trading or day trading has heard the term ‘trading strategy.’ A trading strategy is a simple concept – it’s basically the roadmap that a trader follows while trading the markets.

Defining your goals and making a plan is probably the most important task a trader can undertake. Many traders refer to their day trading plan as a trading system.

In our article "Define your Goals and Make a Plan" you learned: • How to define your financial and trading goals. • How to select the right market for your trading goals. • What timeframe you should trade in.

Trading with a system will dramatically improve your chances of making money in the markets. The next challenge is to find a daytrading system that works. Today you have the chance to choose from more than 300 trading systems available.

You can have the best daytrading plan but you'll never make any money if you don't take action and actually start trading. But how can you start without risking a single penny of your own money?

Every minute more than 150 Million Dollars change hands in the electronic index futures markets like the e-mini S&P and e-mini NQ. You can win or lose thousands of dollars in a few minutes; the futures markets can make you rich in a few weeks or...