If you could compare trades in February to a relationship, it would be a couple of plate throwing, hot headed lovers breaking up and getting back together multiple times a day. This tempestuous trading environment isn’t for the faint of heart with high volatility across the globe.
Valentine’s Day has come and gone but let’s face it, when talking about trades it often comes down to love and money.
Here are three ways to improve your odds in mating and in the markets this February and beyond.
Narrow the Playing Field
For the lovelorn, there’s no shortage of cyber options to help you find your one in a million (or more like one in 40 million, the number of online daters in the US alone). There are sites for practically every religion and ethnicity, and even sites for redheads and men with mustaches. But what if you’re interested in someone who loves cats, is a Star Trekker or uses a Mac? Well, you’re in luck.
So what about traders? With over 6,000 plus public companies traded on the NASDAQ and NYSE. 1,500 plus ETFs with more being added each year; Futures and Options contracts on everything from Corn to Carbon Credits to Crude Oil; Forex pairs on every major and minor currency…how do you select a market, let alone find trades set up with a high profitability potential?
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