Whether you want to learn the basics of stock and currency market, develop your trading skills and find working approach to identifying correct trading signals, whether you are already familiar with FOREX trading and want to deepen your knowledge of market and develop professional skills, or whether you are in a search of working trading system, this collection of articles will help you on your way to the big success.

Find out the underlying causes of stock market movements:

Day Trading — What It Is and What It's Not

The Three Phases of the Trading Day

Is it Possible to Earn Money With Day Trading?

Learn to identify the most important chart formations:

Identifying a Congestion

Identifying a Trend

Breakout Patterns

Find answers to the most debatable questions about FOREX trading:

Where and How to Place Stops

Basic buy signals – What to look for?

Learn to identify and trade using one of the most amazing patterns ever:

What Causes a Ross Hook?

Identifying Ross Hooks Patterns

Identifying a Ross Hook Validity Based on Trend Analysis

The approach to day trading presented here views the trading day in three phases, which vary in length depending on the trading day. The typical duration of each phase, however, is as follows:

Phase 1: The search for overreaction, followed by reversal (first 10 to 40 minutes of the market). Phase 2: The search for trends (about four hours after Phase 1 is finished). Phase 3: The search for breakouts (the last two hours of the market).

A graph of a fictitious security that exhibits these three phases can be seen in the below figure. It would be meaningless, of course, to say that securities will conform to that pattern of trading throughout a day. The figure is only intended to illustrate the types of movement one can expect to see in a typical trading day (if there is such a thing). Not all securities will conform to this mode of trading, but that doesn't matter. My job is to seek out those that show signs of an early reversal in the first phase, show a trend during the second phase, or are experiencing a breakout in the third phase. While it is extremely unlikely that any one security will do all three in one trading day, it is not unheard of. The focus here, though, is to seek out securities that fit a certain mold and trade these securities in a fashion that stacks the odds in our favor.