As traders we should understand and practice good Money Management techniques. These are not only essential to our trading success but also ensure longevity within our chosen career. Quite often we find traders who are caught up in their success and start to change the lot sizes of their particular trades and find themselves outside the scope of their Trading Plan.

The trifecta of option greeks are delta, theta and vega. But the next most important greek is gamma. Options gamma is a one of the so-called second-order options greeks. It is, if you will, a derivative of a derivative. Specifically, it is the rate of change of an option's delta relative to a change in the underlying security.

What is leverage?

This of leverage as a loan that you can instantly qualify for. No credit checks or proof of employment. Simply open up a Forex account with a broker and bang…you can now control more money than you actually have. I am sure that any of you that have looked at making money through real estate or other investments have heard the term "OPM" which means, other people's money. Stated simply, you are using other people's money to advance your wealth efforts.

The AlphaWaveTrader method is capable of trading on any market and on any timeframe. This freedom does however cause a problem to some traders who are unsure of which timeframe to choose. Their answer lies predominantly in being able to identify what their trading style is and how many hours they wish to dedicate to trading. They may also have differing tolerances to risk or constraints imposed upon them within their daily life. There are considered to be four main timeframes that a trader may opt to trade within and these are detailed as follows: