Author: John Gaines
Source: articleage.com
Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading. Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.Knowledge is Power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments. The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close, Stock Day Trading, their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.Unambitious trading, Stock Day Trading, - Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any, Stock Day Trading, profit and this is much more difficult when you make small trades than when you make larger ones. Over-cautious trading - Like the trader who tries to take small incremental profits all the time, the trader who places tight, Stock Day Trading, stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you don't place, Stock Day Trading, reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.Independence - If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either, Stock Day Trading, of these two things:Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation, Stock Day Trading, period);Seek advice from too many sources - multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome - by yourself, for yourself. Tiny margins - Margin trading is one of the biggest advantages in trading, Stock Day Trading, forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success. No strategy, Stock Day Trading, - The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.Trading Off-Peak Hours - Professional FX traders, option traders, and hedge funds posses a huge advantage over small retail traders during off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and move them around when there is far small trade volume is going through (meaning their risk is smaller). The best advice for trading during off peak hours is simple - don't.The only way is up/down - When the market is on its way up, the market, Stock Day Trading, is on its way up. When the market is going down, the market is going down. That's it. There are many systems which analyse past trends, but none that can accurately predict the future. But if you acknowledge to yourself that all that is happening at any time is that the market is simply moving, you'll be amazed at how hard it is to blame anyone else. Trade on the news - Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow.Exiting Trades - If you place a trade and it's not working out for you, get out. Don't compound your mistake by staying in and hoping for a reversal. If you're in a winning trade, don't talk yourself out of the position because you're bored or want to relieve stress; stress is a natural part of trading; get used to it.Don't trade too short-term - If you are aiming to make less than 20 points profit, don't undertake the trade. The spread you are trading on will make the odds against you far too high.Don't be smart - The most successful traders I know keep their trading simple. They don't analyse all day or research historical trends and track web logs and their results are excellent.Tops and Bottoms - There are no real "bargains" in trading foreign exchange. Trade in the direction the price is going in and you're results will be almost guaranteed to improve.Ignoring the technicals- Understanding whether the market is over-extended long or short is a key indicator of price action. Spikes occur in the market when it is moving all one way.Emotional Trading - Without that all-important strategy, you're trades essentially are thoughts only and thoughts are emotions and a very poor foundation for trading. When most of us are upset and emotional, we don't tend to make the wisest decisions. Don't let your emotions sway you.Confidence - Confidence comes from successful trading. If you lose money early in your trading career it's very difficult to regain it; the trick is not to go off half-cocked; learn the business before you trade. Remember, knowledge is power.The second and final part of this report clearly and simply details more essential tips on how to avoid the pitfalls and start making more money in your forex trading.Take it like a man - If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your loss and wait, Stock Day Trading, for tomorrow to try again. Sticking to a bad position ruins lots of traders - permanently. Try, Stock Day Trading, to remember that the market often behaves illogically, so don't get commit to any one trade; it's just a trade. One good trade will not make you a trading success; it's ongoing regular performance over months and years that makes a good trader.Focus - Fantasising about possible profits and then "spending" them before, Stock Day Trading, you have realised them is no good. Focus on your current position(s) and place reasonable stop losses at the time you do the trade. Then sit back and enjoy the ride - you have no real control from now on, the market will do what it wants to do.Don't trust demos - Demo trading often causes new traders to learn bad habits. These bad habits, which can be very dangerous in the long run, come about because you are playing with virtual, Stock Day Trading, money. Once you know how your broker's system works, start trading small amounts and only take the risk you can afford to win or lose.Stick to the strategy - When you make money on a well thought-out strategic trade, don't go and lose half of it next time on a fancy; stick to your strategy and invest profits on the next trade that matches your long-term goals.Trade today - Most successful day traders are highly focused on what's happening in the short-term, not what may happen over the next month. If you're trading with 40 to 60-point stops focus on what's happening today as, Stock Day Trading, the market will probably move too quickly to consider the long-term future. However, the long-term trends are not unimportant; they will not always help you though if you're trading intraday.The clues are in the details - The bottom line on your account balance doesn't tell the whole story. Consider individual trade details; analyse your losses and the telling losing streaks. Generally, traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term.Simulated Results - Be very careful and wary about infamous "black box" systems. These so-called trading signal systems do not often explain exactly how the trade signals they generate are produced. Typically, these systems only show their track record of extraordinary results - historical results. Successfully predicting future trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these systems provide significant retrospective trading systems, not ones which will help you trade effectively in the future. Get to know one cross at a time - Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time. Risk Reward - If you put a 20 point stop and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the spread you're trading on, it's more likely to be 1-4. Play the odds the market gives you. Trading for Wrong Reasons - Don't trade if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to make in the first place. If you are unsure, it's probably because you can't see the trade to make, so don't make one. Zen Trading- Even when you have taken a position in the markets, you should try and think as you would if you hadn't taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade in brief periods of no more than a few hours at a time and accept that once the trade has been made, it's out of your hands. Determination - Once you have decided to place a trade, stick to it and let it run its course. This means that if your stop loss is close to being triggered, let it trigger. If you move your stop midway through a trade's life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out. Short-term Moving Average Crossovers - This is one of the most dangerous trade scenarios for non professional traders. When the short-term moving average crosses the longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish indication, so don't fall into the trap of believing it is one.Stochastic - Another dangerous scenario. When it first, Stock Day Trading, signals an exhausted condition that's when the big spike in the "exhausted" currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one, Stock Day Trading, . This approach means that you'll be with the trend and have successfully identified a positive move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20). One cross is all that counts - EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous. Focus on one cross at a time - if EURUSD looks good to you, then just buy EURUSD. Wrong Broker - A lot of FOREX brokers are in business only to make money from yours. Read forums, blogs and chats around, Stock Day Trading, the net to get an unbiased opinion before you choose your broker. Too bullish - Trading statistics show that 90% of most traders will fail at some point. Being too bullish about your trading aptitude can be fatal to your long-term success. You can always learn more about trading the markets, even if you are currently successful in your trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.Interpret forex news yourself - Learn to read the source documents of forex news and events - don't rely on the interpretations of news media or others. John Gaines online trading, currency trading, financial serviceA veteran of online trading, John Gaines offers the financial services industry his perspectives and expertise on a variety of trading systems and financial instruments, including forex, CFDs, futures, options and stocks.
Wednesday, September 30, 2009
Tuesday, September 29, 2009
Trading In Black And White Forex Trading Newsletter - 3/30/06
Author: Eddie Yakubovich
Source: articleage.com
So, hopefully, you have been keeping up with my looks back on the Forex markets. Forex trading, like any other skill, can be improved with research and education.That being said, the greatest asset for research is hindsight. Remember, in Forex trading, history tends to repeat itself. It is this fact that we will try to exploit in our looks back at Forex trading.So far, we have focused only on Cable, which is a nickname for the currency pair - British Pound / US Dollar. The, Stock Day Trading, symbol for cable is usually represented as GBP/USD.In our technical analysis, we use time frames ranging from weekly to hourly. This way, we have a good outlook on the trend in the both the long and, Stock Day Trading, short term.Remember, this article was written well before you are actually reading it. Use this information as a tool only. By the time you read this, our support and resistance levels will have changed.Do not attempt to use this information as trading advice in any way whatsoever.I look forward to hearing your thoughts and comments.OK, let's get to the trading.Cable appears to moving once again. I really feel good to have a daily range well over 100 pips that was not directly driven by news. We fell short of getting in our trades last night, there just was no real bounce before the down move.The 1.7440 level only really had two reasons to take it, and was only 14 pips, Stock Day Trading, away from the close of the previous days trading close. That's just a, Stock Day Trading, little too aggressive especially with the volatility starting to increase.The 1.7440 level is now much more important as we add a last nights high to the growing list of reasons to take it. Cable has turned outlook consolidative first but upside should be limited by 1.744 resistance and bring fall resumption.We feel the resistance should holds below 1.7420 without news to push it past, and we will expect the price action to resume its downward, Stock Day Trading, move towards 1.7048.Now, go ahead and take a look at what trading activity transpired in the session following when this article was written. Hopefully, it went my way.Getting, Stock Day Trading, the proper forex trading education, to be able to recognize that adjustments should be made, and more importantly understand how to make those adjustments, is the best way to survive and thrive in this or any kind of market. Learn to be an independent trader and control your own future.Eddie has trained traders for 10, Stock Day Trading, years. His Forex trading course, or Forex seminar, is the only Forex trading education you need.
Source: articleage.com
So, hopefully, you have been keeping up with my looks back on the Forex markets. Forex trading, like any other skill, can be improved with research and education.That being said, the greatest asset for research is hindsight. Remember, in Forex trading, history tends to repeat itself. It is this fact that we will try to exploit in our looks back at Forex trading.So far, we have focused only on Cable, which is a nickname for the currency pair - British Pound / US Dollar. The, Stock Day Trading, symbol for cable is usually represented as GBP/USD.In our technical analysis, we use time frames ranging from weekly to hourly. This way, we have a good outlook on the trend in the both the long and, Stock Day Trading, short term.Remember, this article was written well before you are actually reading it. Use this information as a tool only. By the time you read this, our support and resistance levels will have changed.Do not attempt to use this information as trading advice in any way whatsoever.I look forward to hearing your thoughts and comments.OK, let's get to the trading.Cable appears to moving once again. I really feel good to have a daily range well over 100 pips that was not directly driven by news. We fell short of getting in our trades last night, there just was no real bounce before the down move.The 1.7440 level only really had two reasons to take it, and was only 14 pips, Stock Day Trading, away from the close of the previous days trading close. That's just a, Stock Day Trading, little too aggressive especially with the volatility starting to increase.The 1.7440 level is now much more important as we add a last nights high to the growing list of reasons to take it. Cable has turned outlook consolidative first but upside should be limited by 1.744 resistance and bring fall resumption.We feel the resistance should holds below 1.7420 without news to push it past, and we will expect the price action to resume its downward, Stock Day Trading, move towards 1.7048.Now, go ahead and take a look at what trading activity transpired in the session following when this article was written. Hopefully, it went my way.Getting, Stock Day Trading, the proper forex trading education, to be able to recognize that adjustments should be made, and more importantly understand how to make those adjustments, is the best way to survive and thrive in this or any kind of market. Learn to be an independent trader and control your own future.Eddie has trained traders for 10, Stock Day Trading, years. His Forex trading course, or Forex seminar, is the only Forex trading education you need.
Monday, September 28, 2009
Day Trading Success - With Pivot Points, Support Resistance And Moving Averages
Author: Sacha Tarkovsky
Source: articledashboard.com
If you want to make money day trading then you will need to have some indicators that work and the above are very popular. Lets look at them and see which are the most, Stock Day Trading, effective.The logic of day trading Is of course to predict where prices will go in a daily or hourly periods.The Market The market consists of trillions of dollars traded by millions of participants daily, all with different methods and trading objectives. This creates volatility which, Stock Day Trading, in a day can see prices go anywhere and is totally random and very few of these participants are, Stock Day Trading,, Stock Day Trading, interested in daily moves or ranges. So what does this tell us? Quite simply that pivot points, support and resistance are useless tools in such short time spans. If volatility and price moves are random they can't help you predict market direction.Now you know why: You never see a day, Stock Day Trading, trader with a long term track record of profits its always a hypothetical one!The only way you will ever make money in day trading is in hindsight you certainly wont see a real winning record over the long term. Moving averages can they be used? Well I saw a few systems and e-book promotions using moving averages to trigger trades, Stock Day Trading, and laughed out loud at how serious they were about doing this =. Moving averages are a lagging indicator! So how on earth can you use them to enter trades? These guys said they were traders but it was pretty obvious they had never traded in their lives. Most day trading systems are sold by writers who have never traded in their lives. They want you to buy their books and systems that's how they make their money NOT from trading. Day Trading If you want to lose it's a great way to do it!There is no better way to, Stock Day Trading, lose money than day trading, its fantastic at wiping out equity and doing it quickly. Applying technical tools over meaningless random data will not bring you success. There is a lot of hype about day trading. Investors fall for a good story due to being naive and greedy - don't make the same mistake.
Source: articledashboard.com
If you want to make money day trading then you will need to have some indicators that work and the above are very popular. Lets look at them and see which are the most, Stock Day Trading, effective.The logic of day trading Is of course to predict where prices will go in a daily or hourly periods.The Market The market consists of trillions of dollars traded by millions of participants daily, all with different methods and trading objectives. This creates volatility which, Stock Day Trading, in a day can see prices go anywhere and is totally random and very few of these participants are, Stock Day Trading,, Stock Day Trading, interested in daily moves or ranges. So what does this tell us? Quite simply that pivot points, support and resistance are useless tools in such short time spans. If volatility and price moves are random they can't help you predict market direction.Now you know why: You never see a day, Stock Day Trading, trader with a long term track record of profits its always a hypothetical one!The only way you will ever make money in day trading is in hindsight you certainly wont see a real winning record over the long term. Moving averages can they be used? Well I saw a few systems and e-book promotions using moving averages to trigger trades, Stock Day Trading, and laughed out loud at how serious they were about doing this =. Moving averages are a lagging indicator! So how on earth can you use them to enter trades? These guys said they were traders but it was pretty obvious they had never traded in their lives. Most day trading systems are sold by writers who have never traded in their lives. They want you to buy their books and systems that's how they make their money NOT from trading. Day Trading If you want to lose it's a great way to do it!There is no better way to, Stock Day Trading, lose money than day trading, its fantastic at wiping out equity and doing it quickly. Applying technical tools over meaningless random data will not bring you success. There is a lot of hype about day trading. Investors fall for a good story due to being naive and greedy - don't make the same mistake.
Sunday, September 27, 2009
Forex Day Trading - Day Trading Doesn't Work So Don't Try It
Author: Sacha Tarkovsky
Source: articledashboard.com
The logic of day trading is totally flawed and will never make, Stock Day Trading, you money over the longer term and will wipe out your equity. If you want to prove it ask anyone who says it does to give you a real time track record of profits and you won't get one. Why? Because day trading does not make money. Before we begin, you may ask yourself why there are so many people claiming they make money at day trading? Well the answer is it's a good story and appeals to peoples greed.This creates system sales and revenue for the vendor OF these day trading methods so they make money you lose. Here are the reasons day trading does not work: 1.Time Period A day is to short a time period to judge market trends accurately. Think about it. Trillions of dollars are traded, Stock Day Trading, everyday and prices can go anywhere and there is no, Stock Day Trading, way of guessing what the volatility in a day will be or the direction. Short term moves are simply random. You could probably flip a coin and do as well as most day traders. 2.Stops Day traders use the daily range to buy and, Stock Day Trading, sell and set stops. Stops therefore tend to be close to entry by the very nature of day trading. Volatility in a single session is impossible to judge and most times simply picks off the stops and creates small, Stock Day Trading, losses which add up.3.Banking profits early, Stock Day Trading, Most day traders are looking to scalp a few pips here and there. They do have some wining trades (more by luck than by judgment) but of course they break the fundamental rule of trading leveraged investments which is:Run your profits to cover your inevitable losses. As they have a lot of losses and marginal profits the net result is the erosion and eventual wipe out of account equity. Day Trading is a good story, but in reality day trading doesn't work over the long term. Simply, Stock Day Trading, ask any vendor who, Stock Day Trading, sells a day trading system for this:A real time track record of their profits over 3 years and see the answer you get. The conclusion from all of this? You guessed it - Avoid day trading if you don't want to lose your money.
Source: articledashboard.com
The logic of day trading is totally flawed and will never make, Stock Day Trading, you money over the longer term and will wipe out your equity. If you want to prove it ask anyone who says it does to give you a real time track record of profits and you won't get one. Why? Because day trading does not make money. Before we begin, you may ask yourself why there are so many people claiming they make money at day trading? Well the answer is it's a good story and appeals to peoples greed.This creates system sales and revenue for the vendor OF these day trading methods so they make money you lose. Here are the reasons day trading does not work: 1.Time Period A day is to short a time period to judge market trends accurately. Think about it. Trillions of dollars are traded, Stock Day Trading, everyday and prices can go anywhere and there is no, Stock Day Trading, way of guessing what the volatility in a day will be or the direction. Short term moves are simply random. You could probably flip a coin and do as well as most day traders. 2.Stops Day traders use the daily range to buy and, Stock Day Trading, sell and set stops. Stops therefore tend to be close to entry by the very nature of day trading. Volatility in a single session is impossible to judge and most times simply picks off the stops and creates small, Stock Day Trading, losses which add up.3.Banking profits early, Stock Day Trading, Most day traders are looking to scalp a few pips here and there. They do have some wining trades (more by luck than by judgment) but of course they break the fundamental rule of trading leveraged investments which is:Run your profits to cover your inevitable losses. As they have a lot of losses and marginal profits the net result is the erosion and eventual wipe out of account equity. Day Trading is a good story, but in reality day trading doesn't work over the long term. Simply, Stock Day Trading, ask any vendor who, Stock Day Trading, sells a day trading system for this:A real time track record of their profits over 3 years and see the answer you get. The conclusion from all of this? You guessed it - Avoid day trading if you don't want to lose your money.
Trading Commodity Futures Using Support and Resistance - Paper Trading
Author: Erich Senft
Source: articleage.com
Setting Up a Paper Trading AccountQuestion:I cannot trade with "real money" as yet; however, how do I go about setting up a paper trade account?Answer:You can paper trade various ways and it really does not require that, Stock Day Trading, you have anything more specialized than a notebook to track your trades and access to charts.Begin by funding your paper trading account with the amount of money you think you will really begin with, whether it is $2000 or $20,000. I would suggest that you begin with no less than $5000 and $10,000 is even better.Next you need to decide on which markets you are going to trade. The more money you have in your account, the more markets will be available to you. If you are trading with a $5000 account there is no point in becoming familiar with a market like Crude Oil that has a margin of $3000 per contract!Assuming that you are a smaller trader, you will be most interested in the lower margin markets like the grains, some of the meats, maybe a metal and a currency or two. I would, Stock Day Trading, suggest you limit, Stock Day Trading, your scope to about 6 - 8 markets, as these will be enough to track on a daily basis.Even real money traders rarely follow more than 8 markets...it just becomes too cumbersome, as I'm sure you will find when you've got, Stock Day Trading, more than one paper trade going at a time.If you don't know which markets to choose from, maybe I could make a couple of suggestions:* Corn, or wheat - these are good markets for traders of all levels, but especially the beginner. The margin is not too high and the markets normally act predictably and trend well. Corn and wheat have a tendency to move together (but not always), so watching both, Stock Day Trading, can be redundant.* Cocoa - a good market to make money in as a small move can add up to good profits. Also can be a good market to lose money in for the same reason. I don't mind cocoa, although I know people who have sworn it off. This is the time to find out if it is for you...when it doesn't cost you real money.* Sugar - used to be a good market because it is easy to get in with minimal risk; however the abundance of support and resistance can make it confusing to new traders. Lately the market has lacked direction which only adds to the confusion. Still it is low margin, Stock Day Trading, and relatively low risk market to trade.* Live Cattle - a decent meat market. Some new traders avoid the meats entirely because of their ability to make huge ranges. Cattle is the "safest" of the meat markets.* Cotton - can, Stock Day Trading, be a good market, but is capable of making large ranges. I used to avoid cotton like the plague, but have become fonder of it in recent years.* Soybeans - the Pork Bellies of the Grain complex. If soybeans are too volatile for you consider trading one of the bean cousins, like soybean oil, or soybean meal. They tend to mirror soybeans, but are generally, Stock Day Trading, less margin and less volatile.* Silver - I like the metals; however gold can be a little rich for the small trader. Silver mirrors gold - the poor man's gold, Stock Day Trading, . Some people like copper, but I consider it too thin and margins too high for small traders.* Canadian Dollar/Australian Dollar - two of the more reasonable currency markets. The margins are lower, but there is excellent money making potential. Other markets like Swiss Franc, British Pound, and Japanese Yen are good markets too but require much more margin and risk. All the currencies have a tendency, Stock Day Trading, to move in the same direction anyway (opposite the US Dollar) so it doesn't really matter.But don't stop here, this is the time to practice and refine your skills so include any other markets you are interested in, but avoid the exotics like lumber, rice, oats, palladium, etc. They are just too thin and too volatile for the small trader to be involved in.Now that you have a paper account and a mix of markets to trade you need to search the markets to find trades to make. Once you have found a trade you like, write down your entry, your exit and your profit target - exactly.If you are dealing with a broker, you can call and ask them if your paper order had been filled on a particular day. Alternatively you can just look at the charts and figure it out for yourself.Sometimes you will need to see an intraday chart to know exactly when you got your fill. Barcharts.com offer free intraday charts. Just follow the commodity, Stock Day Trading, chart link and then click custom charts, Stock Day Trading, to alter the time frame displayed to a 5 or 10 minute interval.Track your trades day by day keeping a journal of your profits and losses. A simple way to "journal" your trades is to put them on 3x5 index cards - one card per trade. Write down you reasons for taking the trade as well as exact entry and exits. Make sure to note what you did right and what you would do differently the next time. Allow an extra two ticks on your fills and exits as this will simulate slippage. Brokerage fees are usually $40 round turn per contract.See how well you can do but be honest. Cheating here will not help you in the future. I'm sure you've heard it before, but nothing changes when you trade with real money. If you can't do it on paper, you won't make it for real. Trust me. I've been there.If you don't already have it, you might want to consider using Gecko's Track 'n Trade Pro. As the name suggests the software not only provides charts but also "tracks your trades". You fund a fictional account, place your orders and the software will automatically update your position day by day.It really is phenomenal software and if you are halfway serious about trading you should check it out. It is a legitimate tax deduction too. ;-) You can get a free 30 day trial by following this link: http://www.trackntrade.com/demo/?abbr=SENFTThere is also paper trading software, Stock Day Trading, out there and on the internet which is supposed to simulate trading; however in my opinion it is not realistic for most small traders.Some of the simulators only allow you to trade the e-mini and others start you out with a $50,000 account. This is great if you want to trade the e-mini, or if you are trading with a $50,000 account, but this is not the case for most traders.Anyway, that's paper trading in a nutshell. I hope it helps a little. Please do not hesitate to write back if you have more questions, of if you need me to elaborate on something.Best of luck,- Erich erich@supportandresistance.comPS. Don't skip this part of your education. Most traders hurry through paper trading only to get killed in the markets. Don't make this mistake.U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Stock Day Trading, and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading, Stock Day Trading, system or methodology is not necessarily indicative of future results.CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS, Stock Day Trading, MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.The commodity markets first captured Erich Senft's attention in the 1970's when the Hunt brother's made the news when they tried to corner the silver market. Ever since then he had a desire to learn more about what made the commodity markets tick.After experiencing mild success trading futures with the, Stock Day Trading, limited strategies offered by Ken Roberts, he delved deeper into the study of, Stock Day Trading, the commodity markets and became particularly interested in the concepts markets.Erich and partner Tom Loge' run http://www.supportandresistance.com and publish the hugely popular Traders Helping Traders Ezine 6 days a week. Erich and Tom have a daily blog at http://www.supportandresistance.com/blog/Erich is a graduate of the University of Alberta business program and has a Bachelor of Commerce degree, Stock Day Trading, . He is also a registered Commodity Trading Advisor (CTA). He lives in the Pacific Northwest with his wife and three cats. When he's not talking or trading commodities you can usually find him on the golf course chasing a disobedient little white ball.
Source: articleage.com
Setting Up a Paper Trading AccountQuestion:I cannot trade with "real money" as yet; however, how do I go about setting up a paper trade account?Answer:You can paper trade various ways and it really does not require that, Stock Day Trading, you have anything more specialized than a notebook to track your trades and access to charts.Begin by funding your paper trading account with the amount of money you think you will really begin with, whether it is $2000 or $20,000. I would suggest that you begin with no less than $5000 and $10,000 is even better.Next you need to decide on which markets you are going to trade. The more money you have in your account, the more markets will be available to you. If you are trading with a $5000 account there is no point in becoming familiar with a market like Crude Oil that has a margin of $3000 per contract!Assuming that you are a smaller trader, you will be most interested in the lower margin markets like the grains, some of the meats, maybe a metal and a currency or two. I would, Stock Day Trading, suggest you limit, Stock Day Trading, your scope to about 6 - 8 markets, as these will be enough to track on a daily basis.Even real money traders rarely follow more than 8 markets...it just becomes too cumbersome, as I'm sure you will find when you've got, Stock Day Trading, more than one paper trade going at a time.If you don't know which markets to choose from, maybe I could make a couple of suggestions:* Corn, or wheat - these are good markets for traders of all levels, but especially the beginner. The margin is not too high and the markets normally act predictably and trend well. Corn and wheat have a tendency to move together (but not always), so watching both, Stock Day Trading, can be redundant.* Cocoa - a good market to make money in as a small move can add up to good profits. Also can be a good market to lose money in for the same reason. I don't mind cocoa, although I know people who have sworn it off. This is the time to find out if it is for you...when it doesn't cost you real money.* Sugar - used to be a good market because it is easy to get in with minimal risk; however the abundance of support and resistance can make it confusing to new traders. Lately the market has lacked direction which only adds to the confusion. Still it is low margin, Stock Day Trading, and relatively low risk market to trade.* Live Cattle - a decent meat market. Some new traders avoid the meats entirely because of their ability to make huge ranges. Cattle is the "safest" of the meat markets.* Cotton - can, Stock Day Trading, be a good market, but is capable of making large ranges. I used to avoid cotton like the plague, but have become fonder of it in recent years.* Soybeans - the Pork Bellies of the Grain complex. If soybeans are too volatile for you consider trading one of the bean cousins, like soybean oil, or soybean meal. They tend to mirror soybeans, but are generally, Stock Day Trading, less margin and less volatile.* Silver - I like the metals; however gold can be a little rich for the small trader. Silver mirrors gold - the poor man's gold, Stock Day Trading, . Some people like copper, but I consider it too thin and margins too high for small traders.* Canadian Dollar/Australian Dollar - two of the more reasonable currency markets. The margins are lower, but there is excellent money making potential. Other markets like Swiss Franc, British Pound, and Japanese Yen are good markets too but require much more margin and risk. All the currencies have a tendency, Stock Day Trading, to move in the same direction anyway (opposite the US Dollar) so it doesn't really matter.But don't stop here, this is the time to practice and refine your skills so include any other markets you are interested in, but avoid the exotics like lumber, rice, oats, palladium, etc. They are just too thin and too volatile for the small trader to be involved in.Now that you have a paper account and a mix of markets to trade you need to search the markets to find trades to make. Once you have found a trade you like, write down your entry, your exit and your profit target - exactly.If you are dealing with a broker, you can call and ask them if your paper order had been filled on a particular day. Alternatively you can just look at the charts and figure it out for yourself.Sometimes you will need to see an intraday chart to know exactly when you got your fill. Barcharts.com offer free intraday charts. Just follow the commodity, Stock Day Trading, chart link and then click custom charts, Stock Day Trading, to alter the time frame displayed to a 5 or 10 minute interval.Track your trades day by day keeping a journal of your profits and losses. A simple way to "journal" your trades is to put them on 3x5 index cards - one card per trade. Write down you reasons for taking the trade as well as exact entry and exits. Make sure to note what you did right and what you would do differently the next time. Allow an extra two ticks on your fills and exits as this will simulate slippage. Brokerage fees are usually $40 round turn per contract.See how well you can do but be honest. Cheating here will not help you in the future. I'm sure you've heard it before, but nothing changes when you trade with real money. If you can't do it on paper, you won't make it for real. Trust me. I've been there.If you don't already have it, you might want to consider using Gecko's Track 'n Trade Pro. As the name suggests the software not only provides charts but also "tracks your trades". You fund a fictional account, place your orders and the software will automatically update your position day by day.It really is phenomenal software and if you are halfway serious about trading you should check it out. It is a legitimate tax deduction too. ;-) You can get a free 30 day trial by following this link: http://www.trackntrade.com/demo/?abbr=SENFTThere is also paper trading software, Stock Day Trading, out there and on the internet which is supposed to simulate trading; however in my opinion it is not realistic for most small traders.Some of the simulators only allow you to trade the e-mini and others start you out with a $50,000 account. This is great if you want to trade the e-mini, or if you are trading with a $50,000 account, but this is not the case for most traders.Anyway, that's paper trading in a nutshell. I hope it helps a little. Please do not hesitate to write back if you have more questions, of if you need me to elaborate on something.Best of luck,- Erich erich@supportandresistance.comPS. Don't skip this part of your education. Most traders hurry through paper trading only to get killed in the markets. Don't make this mistake.U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures, Stock Day Trading, and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading, Stock Day Trading, system or methodology is not necessarily indicative of future results.CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS, Stock Day Trading, MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.The commodity markets first captured Erich Senft's attention in the 1970's when the Hunt brother's made the news when they tried to corner the silver market. Ever since then he had a desire to learn more about what made the commodity markets tick.After experiencing mild success trading futures with the, Stock Day Trading, limited strategies offered by Ken Roberts, he delved deeper into the study of, Stock Day Trading, the commodity markets and became particularly interested in the concepts markets.Erich and partner Tom Loge' run http://www.supportandresistance.com and publish the hugely popular Traders Helping Traders Ezine 6 days a week. Erich and Tom have a daily blog at http://www.supportandresistance.com/blog/Erich is a graduate of the University of Alberta business program and has a Bachelor of Commerce degree, Stock Day Trading, . He is also a registered Commodity Trading Advisor (CTA). He lives in the Pacific Northwest with his wife and three cats. When he's not talking or trading commodities you can usually find him on the golf course chasing a disobedient little white ball.
Saturday, September 26, 2009
Forex Trading-Is This Your Ticket To Financial Freedom And Personal Wealth
Author: Patrick Lowe
Source: articlesbase.com
Forex Trading - is this your ticket to financial freedom or abundant personal wealth? Can you become very rich trading in forex? Is forex trading made out to be more difficult than it is in real life? But first, what is forex trading? The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading is a form of investing in currencies on the international markets. Day by day, forex trading is becoming an increasingly popular income source. The forex trading is one of the most excited and lucrative business you can be involved during your lifetime because you can do it from home or office and from any country in the world and you do not need a big capital to start off with. Forex trading is not bound to any one floor but done electronically between a network of banks continuously over a 24 hour period. With newer forex products, including mini forex products, the entry level for a newbie to forex trading has been made much lower than in the past. Is forex trading easy? Forex trading is made easy by not designating it as a pure game of chance or luck- there are time proven strategies that you can adopt to secure your income for life by trading in forex. Forex trading is, however, a serious job and requires a lot of commitment. Forex trading is all about disipline, once you choose your trading system stick with it. The ability to cut your losses when they are small and to allow your profits to soar when the going is good is very important to you as a forex trader. This is,, Stock Day Trading, in fact, the secret behind profitable, Stock Day Trading, forex trading. This may be the most important tip in becoming a successful forex trader,, Stock Day Trading, and to gain your personal wealth. While forex trading may be an exciting proposition, it is not without reasonable risks. Forex trading is by nature a speculative occupation. As forex trading is never paused, which ensures true 24 hour trading, there is market volatility. Coupled with the ability to trade during virtually, Stock Day Trading, any important event, such trades can induce substantial market volatility leading to risks. This, Stock Day Trading, has led to many treating forex, Stock Day Trading, trading, Stock Day Trading, as a market for, Stock Day Trading, day traders, because by getting in and out of trades within a very short period, you reduce the risks involved. You can also adopt time proven strategies including swing trading and position trading for forex, though forex trading has been largely made out to be a predominantly day trading market. In other words, by adopting established trading methods,whether day trading or swing trading the forex market, you can reduce your risk substantially, Stock Day Trading, while improving the chances of making money through established trading setups, trading strategies, trading systems and using the best trading platforms. With the advent of, Stock Day Trading, cutting edge technology, delivering real time information and currency prices to your desktop via the internet, forex trading is now made available to the individual investor at very low cost, and sometimes for free. Forex trading can be your ticket to a serious income. You can be a self employed full time forex trader in the comfort of your own home. What makes it more important to you is that you can accelerate your learning process to become a successful forex trader earning massive income by putting yourself under the mentorship of established forex traders, to pick their brains and adopt the winning strategies that have made millions for them.
Source: articlesbase.com
Forex Trading - is this your ticket to financial freedom or abundant personal wealth? Can you become very rich trading in forex? Is forex trading made out to be more difficult than it is in real life? But first, what is forex trading? The investor's goal in Forex trading is to profit from foreign currency movements. Forex trading is a form of investing in currencies on the international markets. Day by day, forex trading is becoming an increasingly popular income source. The forex trading is one of the most excited and lucrative business you can be involved during your lifetime because you can do it from home or office and from any country in the world and you do not need a big capital to start off with. Forex trading is not bound to any one floor but done electronically between a network of banks continuously over a 24 hour period. With newer forex products, including mini forex products, the entry level for a newbie to forex trading has been made much lower than in the past. Is forex trading easy? Forex trading is made easy by not designating it as a pure game of chance or luck- there are time proven strategies that you can adopt to secure your income for life by trading in forex. Forex trading is, however, a serious job and requires a lot of commitment. Forex trading is all about disipline, once you choose your trading system stick with it. The ability to cut your losses when they are small and to allow your profits to soar when the going is good is very important to you as a forex trader. This is,, Stock Day Trading, in fact, the secret behind profitable, Stock Day Trading, forex trading. This may be the most important tip in becoming a successful forex trader,, Stock Day Trading, and to gain your personal wealth. While forex trading may be an exciting proposition, it is not without reasonable risks. Forex trading is by nature a speculative occupation. As forex trading is never paused, which ensures true 24 hour trading, there is market volatility. Coupled with the ability to trade during virtually, Stock Day Trading, any important event, such trades can induce substantial market volatility leading to risks. This, Stock Day Trading, has led to many treating forex, Stock Day Trading, trading, Stock Day Trading, as a market for, Stock Day Trading, day traders, because by getting in and out of trades within a very short period, you reduce the risks involved. You can also adopt time proven strategies including swing trading and position trading for forex, though forex trading has been largely made out to be a predominantly day trading market. In other words, by adopting established trading methods,whether day trading or swing trading the forex market, you can reduce your risk substantially, Stock Day Trading, while improving the chances of making money through established trading setups, trading strategies, trading systems and using the best trading platforms. With the advent of, Stock Day Trading, cutting edge technology, delivering real time information and currency prices to your desktop via the internet, forex trading is now made available to the individual investor at very low cost, and sometimes for free. Forex trading can be your ticket to a serious income. You can be a self employed full time forex trader in the comfort of your own home. What makes it more important to you is that you can accelerate your learning process to become a successful forex trader earning massive income by putting yourself under the mentorship of established forex traders, to pick their brains and adopt the winning strategies that have made millions for them.
Take your trading to a whole new level with this revolutionary tool: Ivybot Forex Robot
Forex Trading Strategy - Novice To Professional Trader In 14 Days!
Author: kelly Price
Source: articledashboard.com
Here we are going to look at becoming a successful forex trader in just 2 weeks by showing you how to work smart NOT hard, to achieve success and enter the elite 5% of traders who have successful forex trading strategies. Before we look at devising your forex trading strategy lets start with an inspiring story: Over 20 years ago trading legend Richard Dennis set about proving anyone can learn to trade. He took and taught a group of people with no experience and after 14 days he let them trade. The result? They made Dennis $100 million, Stock Day Trading, and went on to become some of the most famous traders ever. Now were not saying you are going to become, Stock, Stock Day Trading, Day Trading, as rich as the turtles but Dennis taught them only what they needed to know to win - no filler, just the facts they needed. That's what you need to do to. Forget all the gurus and mentors trying to sell you short cut junk systems and understand this - if you want to win you need to get the right information and do it on your own. Only you can give yourself, Stock Day Trading, currency trading success So let's get started and look at what you need to do. The Basics You need to learn the basics and this is easy the net has loads of good free information on how to trade, execute trading signals etc so spend a few days reading up on them. Your Forex Trading System You need to decide if you want to be a fundamental or technical trader and by far the easiest way is to be a technical trader and use forex charts. Can you read and spot patterns on a graph? Then you can use forex charts, you just need to know what formations to spot. Building Your Forex Trading StrategyThe best way to, Stock Day Trading, start is with a complete understanding of support and resistance and base your method on a breakout methodology (we don't have time to discuss it fully here) but look it up. Trading breakouts is a timeless way to make money - the turtles did it and most of the worlds top traders do it and so should you - you're in good company!You need to get some indicators together to confirm price momentum to enter your traders, so learn about price momentum indicators and also market volatility and standard deviation. You can then use some tools that help you confirm: Look up stochastic, Stock Day Trading, RSI and ADX. And for volatility: Look no further than the Bollinger band. Well that's all easy enough - now for the hard part. Forex trading is relatively simple yet few succeed and this is not down so much to learning a method - that's easy. You can easily learn and digest what we have asked you to look at above in a few days - the hard part is applying your method with discipline. If you can't apply your method with discipline you really have no method, Stock Day Trading, at all. Trading is probably 30% method 70% mindset. Its emotions that kill 95% of traders so you need to build a framework to keep your emotions in check and maximize you're trading profitsYou need to be disciplined in money management and this means: Taking risks when the time is right,, Stock Day Trading, holding profits and maximizing them and finally liquidating losers quickly. This is vital to turn your method into a profitable forex trading system and we will cover - Discipline and money management and risk, in part 2 of this article series.
Source: articledashboard.com
Here we are going to look at becoming a successful forex trader in just 2 weeks by showing you how to work smart NOT hard, to achieve success and enter the elite 5% of traders who have successful forex trading strategies. Before we look at devising your forex trading strategy lets start with an inspiring story: Over 20 years ago trading legend Richard Dennis set about proving anyone can learn to trade. He took and taught a group of people with no experience and after 14 days he let them trade. The result? They made Dennis $100 million, Stock Day Trading, and went on to become some of the most famous traders ever. Now were not saying you are going to become, Stock, Stock Day Trading, Day Trading, as rich as the turtles but Dennis taught them only what they needed to know to win - no filler, just the facts they needed. That's what you need to do to. Forget all the gurus and mentors trying to sell you short cut junk systems and understand this - if you want to win you need to get the right information and do it on your own. Only you can give yourself, Stock Day Trading, currency trading success So let's get started and look at what you need to do. The Basics You need to learn the basics and this is easy the net has loads of good free information on how to trade, execute trading signals etc so spend a few days reading up on them. Your Forex Trading System You need to decide if you want to be a fundamental or technical trader and by far the easiest way is to be a technical trader and use forex charts. Can you read and spot patterns on a graph? Then you can use forex charts, you just need to know what formations to spot. Building Your Forex Trading StrategyThe best way to, Stock Day Trading, start is with a complete understanding of support and resistance and base your method on a breakout methodology (we don't have time to discuss it fully here) but look it up. Trading breakouts is a timeless way to make money - the turtles did it and most of the worlds top traders do it and so should you - you're in good company!You need to get some indicators together to confirm price momentum to enter your traders, so learn about price momentum indicators and also market volatility and standard deviation. You can then use some tools that help you confirm: Look up stochastic, Stock Day Trading, RSI and ADX. And for volatility: Look no further than the Bollinger band. Well that's all easy enough - now for the hard part. Forex trading is relatively simple yet few succeed and this is not down so much to learning a method - that's easy. You can easily learn and digest what we have asked you to look at above in a few days - the hard part is applying your method with discipline. If you can't apply your method with discipline you really have no method, Stock Day Trading, at all. Trading is probably 30% method 70% mindset. Its emotions that kill 95% of traders so you need to build a framework to keep your emotions in check and maximize you're trading profitsYou need to be disciplined in money management and this means: Taking risks when the time is right,, Stock Day Trading, holding profits and maximizing them and finally liquidating losers quickly. This is vital to turn your method into a profitable forex trading system and we will cover - Discipline and money management and risk, in part 2 of this article series.
A Look Back At Forex Trading - 3/28/06
Author: Eddie Yakubovich
Source: articleage.com
We are starting to sound like a broken record, but Cable is in a very tight trading range. It is really difficult to make profit targets when the daily range is less then 50 Pips, Stock Day Trading, .For most of the day, Stock Day Trading, it was less than 40 pips. With that said, once again we were perfect with our entry, which was 1.7490, Stock Day Trading, . The most the market went against us was 3 pips, and with some good exit strategies we were able to take a 30-pip profit out of a very tough day.This brings me to an interesting subject that we will discuss today.When the market gets as tight as it has been over the last couple of weeks, it calls for some minor adjustments to be made to, Stock Day Trading, your personal trading strategy, Stock Day Trading, .One adjustment I am making and would like to put out to our subscribers is that until the market shows an increase in the daily range I am decreasing the maximum allowable stop loss from 40 Pips to 30 Pips.This is not just something I came up with out of the blue, there are reasons and rationale for this adjustment, Stock Day Trading, that I would like to share with you and get you thinking about what you could adjust in your own personal strategy.And please feel free to drop us an email describing your adjustment if you would like to share them. The first thing I looked at which will allow me the luxury of reducing my stop loss is that our entry's have been so good. Since our last losing day, 3/14/06 when our trade went against us, Stock Day Trading, for 40 pips, we have had only one trade go against us for more than 20, Stock Day Trading, pips ( 23 pips on 3/15/06).Over the past three week had we used a static 30 pip stop loss, it would not have stopped us out of any trades, and it would have reduced our losses by 25%.This also allows us to move our profit targets down and still maintain good risk to reward ratios. We must move our profit targets down due to the small daily ranges.Had we used a 30 Pip profit target as the, Stock Day Trading, first target using 1:1 risk to reward ratio we would have closed four additional trades from 120 additional pips. Just a thought I wanted to share.Cable is definitely in consolidation, and is right where it was at this time last night, its banging up against resistance right now trading around 1.7460.This resistance is pretty strong, Stock Day Trading, with multiple levels in a tight region, which goes from 1.7460 all the way up to 1.7510. Consolidation should be expected to continue for the next few days with the early bias on the up side, but if the resistance holds below 1.7510 we will expect the price action to resume its downward move towards 1.7048.As we discussed previously, this is a very tough market to make money in. The daily ranges just get too tight to be able to get in trades and hit profit. Making minor adjustment to your personal trading technique is imperative in this type of market if you expect to continue making profits.Getting the proper forex trading education, to be able to recognize that adjustments should be made, and more importantly understand how to make those adjustments, is the best way to survive and thrive in this or any kind of market. Learn to be an independent trader and control your own, Stock Day Trading, future.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us.We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades.Every trader will have a different combination of indicators that makes the most sense to them.Learn how to develop your own successful Forex Trading style by, Stock Day Trading, getting a Forex trading education. Regardless of whether you choose a Forex trading course or Forex seminar, you must hone your skills before losing your money.Eddie has trained traders for 10 years. His Forex trading course, or Forex seminar, is the only Forex trading education you need.
Source: articleage.com
We are starting to sound like a broken record, but Cable is in a very tight trading range. It is really difficult to make profit targets when the daily range is less then 50 Pips, Stock Day Trading, .For most of the day, Stock Day Trading, it was less than 40 pips. With that said, once again we were perfect with our entry, which was 1.7490, Stock Day Trading, . The most the market went against us was 3 pips, and with some good exit strategies we were able to take a 30-pip profit out of a very tough day.This brings me to an interesting subject that we will discuss today.When the market gets as tight as it has been over the last couple of weeks, it calls for some minor adjustments to be made to, Stock Day Trading, your personal trading strategy, Stock Day Trading, .One adjustment I am making and would like to put out to our subscribers is that until the market shows an increase in the daily range I am decreasing the maximum allowable stop loss from 40 Pips to 30 Pips.This is not just something I came up with out of the blue, there are reasons and rationale for this adjustment, Stock Day Trading, that I would like to share with you and get you thinking about what you could adjust in your own personal strategy.And please feel free to drop us an email describing your adjustment if you would like to share them. The first thing I looked at which will allow me the luxury of reducing my stop loss is that our entry's have been so good. Since our last losing day, 3/14/06 when our trade went against us, Stock Day Trading, for 40 pips, we have had only one trade go against us for more than 20, Stock Day Trading, pips ( 23 pips on 3/15/06).Over the past three week had we used a static 30 pip stop loss, it would not have stopped us out of any trades, and it would have reduced our losses by 25%.This also allows us to move our profit targets down and still maintain good risk to reward ratios. We must move our profit targets down due to the small daily ranges.Had we used a 30 Pip profit target as the, Stock Day Trading, first target using 1:1 risk to reward ratio we would have closed four additional trades from 120 additional pips. Just a thought I wanted to share.Cable is definitely in consolidation, and is right where it was at this time last night, its banging up against resistance right now trading around 1.7460.This resistance is pretty strong, Stock Day Trading, with multiple levels in a tight region, which goes from 1.7460 all the way up to 1.7510. Consolidation should be expected to continue for the next few days with the early bias on the up side, but if the resistance holds below 1.7510 we will expect the price action to resume its downward move towards 1.7048.As we discussed previously, this is a very tough market to make money in. The daily ranges just get too tight to be able to get in trades and hit profit. Making minor adjustment to your personal trading technique is imperative in this type of market if you expect to continue making profits.Getting the proper forex trading education, to be able to recognize that adjustments should be made, and more importantly understand how to make those adjustments, is the best way to survive and thrive in this or any kind of market. Learn to be an independent trader and control your own, Stock Day Trading, future.We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us.We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades.Every trader will have a different combination of indicators that makes the most sense to them.Learn how to develop your own successful Forex Trading style by, Stock Day Trading, getting a Forex trading education. Regardless of whether you choose a Forex trading course or Forex seminar, you must hone your skills before losing your money.Eddie has trained traders for 10 years. His Forex trading course, or Forex seminar, is the only Forex trading education you need.
Friday, September 25, 2009
Must Know Before Starting Forex Trading
Author: Ziv Al
Source: articledashboard.com
Many people have heard about Forex trading, some have even made the effort and looked for information.Forex trading has a lot to offer the private trader.A successful Forex trader can earn a lot of money in a short period of time.Before you dive into the Forex world you should be aware of the following:1. Forex trading is a risky business , it involves high leverage and you may lose money. Because of its complexity and the fact that most traders experience losses - sometimes it is compared to gambling. However, Stock Day Trading, Forex trading is not gambling, as you control your level of exposure via your ability to get out whenever it suits you to minimize your risk and make your investment safer.2. Don't start trading unless you have money that you can afford losing. The worst thing to do is to trade with "Coward Money". When someone opens a real account and deposits money that can't, Stock Day Trading, be afforded the money will, Stock Day Trading, probably go down the drain as a result of the psychological element that comes into play. When trading you must be detached from your emotions. If you trade with money that you can't afford to lose you add a level of anxiety to your trading and that will disrupt your thinking and planning.3. Forex trading, Stock Day Trading, is a profession like any other profession and therefore you must study and know what you are doing. There is plenty of information available on the Internet or in books. 4. Trading requires discipline and an organized system especially when talking about Forex trading. Every trader must have a plan and discipline in order to survive and earn a living. Before you start trading with real money you should study up as much as you can about trading. You may choose a fundamental or a more technical approach however keep in mind that you will have to constantly maintain your studies and develop your own system and approach towards trading. 5. Money management is very important in any kind of trading , especially in Forex trading where leverage is high. Sometimes you will have to make difficult decisions that may cost you some money in the short run but save you much more money down the road. Successful traders will often opt to cut losses and forgeit a small portion of their money instead of losing big sum of their money. There is no place for prayers , wishes or hopes in the world of professional trading - successful traders are detached from their feelings, Stock Day Trading, and remain impassive to the rises and falls, Stock Day Trading, of the market.6. Like any other business , Forex trading requires foward planning. Before entering, Stock Day Trading, a trade you should analyze the market , charts and conditions. The successful trader plans trades and recognizes the precise moment of the entry, exit and stop loss points way before the trading even begins. The keys for long term success is analyzing planning, managing the trade strictly according to the plan.Although trading is not for everyone , if you are serious in your decision to become a successful, Stock Day Trading, trader then it is possible. The thing that differentiates successful traders from the rest of people is their determination and desire to become, Stock Day Trading, successful. Successful traders never stop learning about the market and new systems.Ziv Al has been active in stocks and Forex trading for the last few years.If you want more excellent, Stock Day Trading, information about Forex you can find it in the Author site http://forex-intro.info .
Source: articledashboard.com
Many people have heard about Forex trading, some have even made the effort and looked for information.Forex trading has a lot to offer the private trader.A successful Forex trader can earn a lot of money in a short period of time.Before you dive into the Forex world you should be aware of the following:1. Forex trading is a risky business , it involves high leverage and you may lose money. Because of its complexity and the fact that most traders experience losses - sometimes it is compared to gambling. However, Stock Day Trading, Forex trading is not gambling, as you control your level of exposure via your ability to get out whenever it suits you to minimize your risk and make your investment safer.2. Don't start trading unless you have money that you can afford losing. The worst thing to do is to trade with "Coward Money". When someone opens a real account and deposits money that can't, Stock Day Trading, be afforded the money will, Stock Day Trading, probably go down the drain as a result of the psychological element that comes into play. When trading you must be detached from your emotions. If you trade with money that you can't afford to lose you add a level of anxiety to your trading and that will disrupt your thinking and planning.3. Forex trading, Stock Day Trading, is a profession like any other profession and therefore you must study and know what you are doing. There is plenty of information available on the Internet or in books. 4. Trading requires discipline and an organized system especially when talking about Forex trading. Every trader must have a plan and discipline in order to survive and earn a living. Before you start trading with real money you should study up as much as you can about trading. You may choose a fundamental or a more technical approach however keep in mind that you will have to constantly maintain your studies and develop your own system and approach towards trading. 5. Money management is very important in any kind of trading , especially in Forex trading where leverage is high. Sometimes you will have to make difficult decisions that may cost you some money in the short run but save you much more money down the road. Successful traders will often opt to cut losses and forgeit a small portion of their money instead of losing big sum of their money. There is no place for prayers , wishes or hopes in the world of professional trading - successful traders are detached from their feelings, Stock Day Trading, and remain impassive to the rises and falls, Stock Day Trading, of the market.6. Like any other business , Forex trading requires foward planning. Before entering, Stock Day Trading, a trade you should analyze the market , charts and conditions. The successful trader plans trades and recognizes the precise moment of the entry, exit and stop loss points way before the trading even begins. The keys for long term success is analyzing planning, managing the trade strictly according to the plan.Although trading is not for everyone , if you are serious in your decision to become a successful, Stock Day Trading, trader then it is possible. The thing that differentiates successful traders from the rest of people is their determination and desire to become, Stock Day Trading, successful. Successful traders never stop learning about the market and new systems.Ziv Al has been active in stocks and Forex trading for the last few years.If you want more excellent, Stock Day Trading, information about Forex you can find it in the Author site http://forex-intro.info .
Thursday, September 24, 2009
Trend Trading - Trading Stocks Using Technical Analysis and Swing Trading Strategies
Author: Tony Spann
Source: articleage.com
Peter is a professional trader, Paul is not. Peter has a tested, proven, written trading plan that he follows each time he enters a trade, Paul does not. Peter has agreed to meet with Paul to help Paul become a more successful trader.Paul was early for his first appointment to see Peter a few days later - he was feeling both excited and apprehensive. Peter had told him he would show him how to use technical analysis and swing trading strategies to trade Stock market trends with confidence - but could he really do it?Did he have the, Stock Day Trading, ability to become a successful trader after losing so much money in the market these last two years? Was he just wasting Peter's time?As he waited, he thought about the look Beth had given him when he had told her about his trading losses...the sense of failure he had experienced as she just walked away. The feeling of utter helplessness he had felt as the enormity of his losses had finally dawned on him. He had been so close to financial freedom, but now that had been taken away from him.He was just starting to feel sorry for himself again when Peter strode into the foyer of the office building and wished everyone good morning - feeling sorry for himself would have to wait until later.Peter motioned him to follow him to the elevator. Paul did so and they chatted as the lift took them to Peters 30th floor office. It was smaller than he had imagined, just a receptionists desk in the waiting room and one office with a view of the city.He expected something grander, but the office was functional, and besides, Peter didn't have a need for any more space as he had only 1 staff member, Kim, his Secretary and receptionist, host, coffee maker and confidant.The focal point of Peter's office was his trading screen - a triple screen plasma display monitor over 4 foot, Stock Day Trading, wide. "Not that's a screen," Paul thought to himself.Kim brought in coffee and then left them alone. Paul poured them both a cup and took a seat.Peter gazed out the window towards the, Stock Day Trading, city for more than a minute before speaking. "So you want to be a trader?" he finally asked. "Yes, but more than that, I want to be a great trader," Paul answered, "Like you.""How do you know I am a great trader? And anyway, what is your definition of a great trader?" Peter asked."I heard you talking at the diner the other day - you certainly know what you are doing, and the market is up 5 days straight and more than 130 points since you bought the S&P 500 Index, that's 20% in a week!" Paul explained. "I think anyone who can take their profits on the day of a major low like that and then, Stock Day Trading, have the ability to turn around and buy...and be dead right, is a great trader.""That is true, the Index is up a long way. And yes, I did get in at the low, didn't I? So I guess, by your definition, I am a great trader," Peter chuckled to himself."How far do you think the market will go up before it has a breather?" Peter asked. "I have no idea," Paul replied. "Neither do I, that's why I have placed my sell orders below the daily lows each day in case it turns around again and I'm ready to go short again," Peter explained."It's not so much picking the low that is important or even necessary, it's managing the trade as it progresses that makes the money," Peter added."But we'll get to that later, let's have a look at a chart and tell me what you see," Peter said. He opened his charting software and soon they were looking at a monthly chart of the S&P 500 Index. Chart available at Stock Trading Review.com"This is the last 3 years price, Stock Day Trading, history of the S&P 500 - what can you tell me about the direction of the trend?" Peter asked."It's been going down," Paul replied. "Correct, and which way have you been trading this market that has been in a clear down trend?" Peter continued. "I haven't been trading it at all, I've just been fully invested,, Stock Day Trading, losing money," Paul replied."Then you have indeed been trading it, my friend." Peter continued. "By sitting on your hands for the last 2 and a half years while prices continued to fall, you have been fighting the trend. People who fight the trend always lose money."Then, you finally sold in a panic, like all the other small traders who finally gave up hope last week. You sold to people like me. The same thing happens every time there is a correction or bear market - the small traders hang on until they can't stand to be in the market any longer, they all sell together in a panic and then the market goes up.""Tell me, looking at this chart, when did the downtrend start?" Peter asked."Well I guess around December, 2000 is where it looked like it started to fall away," Paul replied. "Correct," replied Peter, Stock Day Trading, ."That means that from December 2000, there was no reason to be buying this Index, or buying Stocks that were showing the same chart pattern, and there was every reason to have your Stock portfolio hedged if you didn't sell or have your money in cash."Paul looked at the chart and of course it was easy to see the trend was down with hindsight.Before, Stock Day Trading, he could say anything, Peter continued. "Of course, hindsight trading is perfect, so how would you have known the best time to get out of the market or hedge your portfolio?" Paul looked at the chart and said, "I guess when the moving averages crossed over.""Correct," said Peter. "So, for the last 2 and a half years, the trend on the monthly chart was down. "What else does this chart tell you about the market?"Paul looked at the chart, but he wasn't really sure what Peter wanted to know. "I'm not sure," he finally confessed."Take a close look at the reactions, Stock Day Trading, within the downtrend. Notice that the largest one only managed to go against the trend for 3 months. In any timeframe, a market or Stock that can only go against the major trend for a few bars like this is in a very strong trend."Also, the Index was consistently closing below the short term, Stock Day Trading, moving average, and always closed below the longer term moving average - this is not something you want to sit through fully invested, holding on and hoping," Peter continued.Paul could, Stock Day Trading, see now the reason for his huge losses. He had looked at charts before but he had never looked at the big picture. The monthly chart showed the trend clearly - and it had been down. A simple moving average crossover sell signal would have saved his fortune..."This simple timing system is what I use for my long term portfolio," Peter continued. "I have 70% of the funds I have allocated to the Stock market invested for the long term in leveraged S&P 500 Index Funds. My investment in these funds forms the core of my Stock portfolio."I initially entered when I got a buy signal in 1994 and added more funds each month - 50-70% of my net short term trading profits and other income. I kept an eye on the monthly chart and didn't get a sell signal until the end of 2000. I was fully invested in those funds from around 500 points to 1450 points."Peter then showed Paul a monthly chart going back to 1994. Paul looked at it in disbelief. He was looking at probably the greatest wealth creation trend in history and he had missed most of it because of his short term focus. Chart available at Stock Trading Review.com."Remember this Paul," Peter said as they studied the long term chart, "Wealth comes from looking at the big picture. Many people believe that holding for the long term means forever, Stock Day Trading, . I prefer to hold things that are rising in value. If the trend turns down, I take my money and wait until the trend turns up again."This strategy of timing the market with a simple moving average crossover has made me a fortune while millions of people in this country have lost their life savings."Smart investors always invest the majority of their capital for the long term, but have clear guidelines for preserving it if the trend changes. They only trade with a small amount of money that they are prepared to lose."Your trading will be more profitable if you know that you have a substantial portfolio invested long term and it is increasing your wealth. By trading your entire account, and not managing it properly, you risked, and finally lost, most of it."And even though I, Stock Day Trading, bought a small position in Index futures a few days ago, my long term portfolio is still fully invested in Mutual Funds that trade inversely to the Index - in other words, the unit price of those Funds increases if the Index goes down."The trend is still down on the monthly chart as you can see, so that's the way I want to be positioned with the majority of my, Stock Day Trading, portfolio. I think we have seen the, Stock Day Trading, low, but I am not prepared to risk my wealth on, Stock Day Trading, it. If the trend changes, then I will change with it. As you can see, I don't have to make decisions very often."The market took nearly a year to form a top and start down. It might take a year to form a base if I am right and we are near the low. Patience and emotional control will make you a fortune -fear and greed will destroy your wealth."Peter let the enormity of the previous rally and subsequent bear market sink in, and then said, OK, "Now we've had a look at the big picture, let's have a look at the weekly trend." Chart available at Stock Trading Review.com.As they looked at the weekly chart, Peter continued, "We know, Stock Day Trading, that the monthly trend is down - this weekly chart shows the most recent leg down that may have brought in the low for this bear market. The remaining 30% of my Stock market allocation is used to trade shorter term trends using both this timeframe, Stock Day Trading, and the daily chart."Bearing in mind that we are looking for trades with the major trend, we are looking to enter this market as soon as it confirms that the fast move down is indeed under way again after each of the bear market rallies that typically come along every few months. I have drawn a swing chart over the bar chart to highlight the swings of the market as it moved lower."Tell me what you see here," Peter asked. "Again I see a down trend - the moving averages are more often, Stock Day Trading, than not heading down and the swing chart you have drawn over the bars is making lower tops and bottoms - the trend is definitely down," Paul replied."And still you held on, while billions of dollars was wiped off the value of the Stock market all around you!" Peter said. "You knew the market was going down as you are somewhat familiar with charts, why did you not do anything to protect yourself?""I was always told that I should hang in for the long term - that the market always came back, and that it had never failed to make a new price high after every bear market. I guess I was too scared to do anything in case I got out right at the bottom. As it turned out, I did that anyway," Paul said.Peter continued, "Notice on this chart that the rallies were also no more than one or two bars. This indicates a very strong trend - not something anyone should be buying into or holding if they want to protect their wealth."There were many people buying the dips as the down trend unfolded. This strategy had worked well in the bull market, but it failed miserably when the bear market came along. Every rally failed, forcing buyers to become sellers as the trend continued down."Trading the market requires us to adapt - the market, Stock Day Trading, has seasons - if we are out of season with the market, we get crushed."The rallies were just traps., Stock Day Trading, Every bear market has them, and every time, traders think they have picked the bottom, only to find that they have not."Paul looked at the chart and for the first time, with the help of the swing chart overlaid on top of the bars and the moving averages set as they were, he could see how simple it was to determine the trend. Especially the last few weeks - it was certainly a panic."Now, let's have a look at the last few weeks to see what we can determine." Chart available at Stock Trading Review.com."Again, I have drawn a swing chart over the price bars on this daily chart. Once you understand swing charts, you will be able to draw these lines in your mind and you will not need to draw them on your charts any more," Peter said."As you can see, the moving averages are again moving down at a fair clip and the reactions, Stock Day Trading, to the down trend are no more than 3 bars. With the Monthly and Weekly trends strongly down, and a daily trend that is showing very weak rallies in this fashion, what else is a trader to do but short sell this market?" Peter asked.Paul could see it clearly now, the trend was blindingly obvious -why had he not taken, Stock Day Trading, any notice before? There had been a fortune for the taking and he had not seen it."But how, Stock Day Trading, did you know for sure the market would turn on that day?" he asked Peter. "Ah, that is a lesson for another day my young friend. For now, lets make sure you understand trend trading first. Once you know what a trend looks like, you will be in a position to make consistent profits from the market, not before."With that, their first meeting was over. Peter had some important visitors waiting in the reception area to discuss a Joint Venture in a property development. It was time for Paul to go.He thanked Peter for his time and left the office. As walked out through the reception area, Peter called out behind him, "When you get home, set up all the Stocks you owned in a watchlist on Incrediblecharts.com, set it to monthly, put some moving averages on them and work out where you should have exited - that is your homework for this week. I will see you next Wednesday, Stock Day Trading, at 8.00am. Don't be late..."Paul arrived home with a renewed sense of purpose.He did as Peter ordered and as he went through his previous portfolio, he saw that he should have sold every Stock he had owned by January 2001 at the latest. He felt disgusted with himself at having not been able to see this sooner, but he consoled himself that at least now he was on the right track.He was still apprehensive, but he had a chance to put things right for his family. He was determined to make it as a trader, and with Peter's help, he felt he could indeed succeed...To Your Trading, Stock Day Trading, Success,Tony Spann and the TeamStock Trading, Stock Day Trading, Review is dedicated to helping you succeed as a trader by sharing with you simple and easy to follow tips and techniques.Join our FREE "Stock Trading Review" NewsLetter http://www.stocktradingreview.com/stock-trading-newsletter.html to get your hands on some real world "insider" stock, Stock Day Trading, trading tips and techniques and access to our exclusive "Members Only" Free Stock Trading System.You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated.Discover more insider secrets and the exact proven strategies to trade stocks profitably: http://www.stocktradingreview.com(c) 2005 Stock Trading Review - All Rights Reserved.
Source: articleage.com
Peter is a professional trader, Paul is not. Peter has a tested, proven, written trading plan that he follows each time he enters a trade, Paul does not. Peter has agreed to meet with Paul to help Paul become a more successful trader.Paul was early for his first appointment to see Peter a few days later - he was feeling both excited and apprehensive. Peter had told him he would show him how to use technical analysis and swing trading strategies to trade Stock market trends with confidence - but could he really do it?Did he have the, Stock Day Trading, ability to become a successful trader after losing so much money in the market these last two years? Was he just wasting Peter's time?As he waited, he thought about the look Beth had given him when he had told her about his trading losses...the sense of failure he had experienced as she just walked away. The feeling of utter helplessness he had felt as the enormity of his losses had finally dawned on him. He had been so close to financial freedom, but now that had been taken away from him.He was just starting to feel sorry for himself again when Peter strode into the foyer of the office building and wished everyone good morning - feeling sorry for himself would have to wait until later.Peter motioned him to follow him to the elevator. Paul did so and they chatted as the lift took them to Peters 30th floor office. It was smaller than he had imagined, just a receptionists desk in the waiting room and one office with a view of the city.He expected something grander, but the office was functional, and besides, Peter didn't have a need for any more space as he had only 1 staff member, Kim, his Secretary and receptionist, host, coffee maker and confidant.The focal point of Peter's office was his trading screen - a triple screen plasma display monitor over 4 foot, Stock Day Trading, wide. "Not that's a screen," Paul thought to himself.Kim brought in coffee and then left them alone. Paul poured them both a cup and took a seat.Peter gazed out the window towards the, Stock Day Trading, city for more than a minute before speaking. "So you want to be a trader?" he finally asked. "Yes, but more than that, I want to be a great trader," Paul answered, "Like you.""How do you know I am a great trader? And anyway, what is your definition of a great trader?" Peter asked."I heard you talking at the diner the other day - you certainly know what you are doing, and the market is up 5 days straight and more than 130 points since you bought the S&P 500 Index, that's 20% in a week!" Paul explained. "I think anyone who can take their profits on the day of a major low like that and then, Stock Day Trading, have the ability to turn around and buy...and be dead right, is a great trader.""That is true, the Index is up a long way. And yes, I did get in at the low, didn't I? So I guess, by your definition, I am a great trader," Peter chuckled to himself."How far do you think the market will go up before it has a breather?" Peter asked. "I have no idea," Paul replied. "Neither do I, that's why I have placed my sell orders below the daily lows each day in case it turns around again and I'm ready to go short again," Peter explained."It's not so much picking the low that is important or even necessary, it's managing the trade as it progresses that makes the money," Peter added."But we'll get to that later, let's have a look at a chart and tell me what you see," Peter said. He opened his charting software and soon they were looking at a monthly chart of the S&P 500 Index. Chart available at Stock Trading Review.com"This is the last 3 years price, Stock Day Trading, history of the S&P 500 - what can you tell me about the direction of the trend?" Peter asked."It's been going down," Paul replied. "Correct, and which way have you been trading this market that has been in a clear down trend?" Peter continued. "I haven't been trading it at all, I've just been fully invested,, Stock Day Trading, losing money," Paul replied."Then you have indeed been trading it, my friend." Peter continued. "By sitting on your hands for the last 2 and a half years while prices continued to fall, you have been fighting the trend. People who fight the trend always lose money."Then, you finally sold in a panic, like all the other small traders who finally gave up hope last week. You sold to people like me. The same thing happens every time there is a correction or bear market - the small traders hang on until they can't stand to be in the market any longer, they all sell together in a panic and then the market goes up.""Tell me, looking at this chart, when did the downtrend start?" Peter asked."Well I guess around December, 2000 is where it looked like it started to fall away," Paul replied. "Correct," replied Peter, Stock Day Trading, ."That means that from December 2000, there was no reason to be buying this Index, or buying Stocks that were showing the same chart pattern, and there was every reason to have your Stock portfolio hedged if you didn't sell or have your money in cash."Paul looked at the chart and of course it was easy to see the trend was down with hindsight.Before, Stock Day Trading, he could say anything, Peter continued. "Of course, hindsight trading is perfect, so how would you have known the best time to get out of the market or hedge your portfolio?" Paul looked at the chart and said, "I guess when the moving averages crossed over.""Correct," said Peter. "So, for the last 2 and a half years, the trend on the monthly chart was down. "What else does this chart tell you about the market?"Paul looked at the chart, but he wasn't really sure what Peter wanted to know. "I'm not sure," he finally confessed."Take a close look at the reactions, Stock Day Trading, within the downtrend. Notice that the largest one only managed to go against the trend for 3 months. In any timeframe, a market or Stock that can only go against the major trend for a few bars like this is in a very strong trend."Also, the Index was consistently closing below the short term, Stock Day Trading, moving average, and always closed below the longer term moving average - this is not something you want to sit through fully invested, holding on and hoping," Peter continued.Paul could, Stock Day Trading, see now the reason for his huge losses. He had looked at charts before but he had never looked at the big picture. The monthly chart showed the trend clearly - and it had been down. A simple moving average crossover sell signal would have saved his fortune..."This simple timing system is what I use for my long term portfolio," Peter continued. "I have 70% of the funds I have allocated to the Stock market invested for the long term in leveraged S&P 500 Index Funds. My investment in these funds forms the core of my Stock portfolio."I initially entered when I got a buy signal in 1994 and added more funds each month - 50-70% of my net short term trading profits and other income. I kept an eye on the monthly chart and didn't get a sell signal until the end of 2000. I was fully invested in those funds from around 500 points to 1450 points."Peter then showed Paul a monthly chart going back to 1994. Paul looked at it in disbelief. He was looking at probably the greatest wealth creation trend in history and he had missed most of it because of his short term focus. Chart available at Stock Trading Review.com."Remember this Paul," Peter said as they studied the long term chart, "Wealth comes from looking at the big picture. Many people believe that holding for the long term means forever, Stock Day Trading, . I prefer to hold things that are rising in value. If the trend turns down, I take my money and wait until the trend turns up again."This strategy of timing the market with a simple moving average crossover has made me a fortune while millions of people in this country have lost their life savings."Smart investors always invest the majority of their capital for the long term, but have clear guidelines for preserving it if the trend changes. They only trade with a small amount of money that they are prepared to lose."Your trading will be more profitable if you know that you have a substantial portfolio invested long term and it is increasing your wealth. By trading your entire account, and not managing it properly, you risked, and finally lost, most of it."And even though I, Stock Day Trading, bought a small position in Index futures a few days ago, my long term portfolio is still fully invested in Mutual Funds that trade inversely to the Index - in other words, the unit price of those Funds increases if the Index goes down."The trend is still down on the monthly chart as you can see, so that's the way I want to be positioned with the majority of my, Stock Day Trading, portfolio. I think we have seen the, Stock Day Trading, low, but I am not prepared to risk my wealth on, Stock Day Trading, it. If the trend changes, then I will change with it. As you can see, I don't have to make decisions very often."The market took nearly a year to form a top and start down. It might take a year to form a base if I am right and we are near the low. Patience and emotional control will make you a fortune -fear and greed will destroy your wealth."Peter let the enormity of the previous rally and subsequent bear market sink in, and then said, OK, "Now we've had a look at the big picture, let's have a look at the weekly trend." Chart available at Stock Trading Review.com.As they looked at the weekly chart, Peter continued, "We know, Stock Day Trading, that the monthly trend is down - this weekly chart shows the most recent leg down that may have brought in the low for this bear market. The remaining 30% of my Stock market allocation is used to trade shorter term trends using both this timeframe, Stock Day Trading, and the daily chart."Bearing in mind that we are looking for trades with the major trend, we are looking to enter this market as soon as it confirms that the fast move down is indeed under way again after each of the bear market rallies that typically come along every few months. I have drawn a swing chart over the bar chart to highlight the swings of the market as it moved lower."Tell me what you see here," Peter asked. "Again I see a down trend - the moving averages are more often, Stock Day Trading, than not heading down and the swing chart you have drawn over the bars is making lower tops and bottoms - the trend is definitely down," Paul replied."And still you held on, while billions of dollars was wiped off the value of the Stock market all around you!" Peter said. "You knew the market was going down as you are somewhat familiar with charts, why did you not do anything to protect yourself?""I was always told that I should hang in for the long term - that the market always came back, and that it had never failed to make a new price high after every bear market. I guess I was too scared to do anything in case I got out right at the bottom. As it turned out, I did that anyway," Paul said.Peter continued, "Notice on this chart that the rallies were also no more than one or two bars. This indicates a very strong trend - not something anyone should be buying into or holding if they want to protect their wealth."There were many people buying the dips as the down trend unfolded. This strategy had worked well in the bull market, but it failed miserably when the bear market came along. Every rally failed, forcing buyers to become sellers as the trend continued down."Trading the market requires us to adapt - the market, Stock Day Trading, has seasons - if we are out of season with the market, we get crushed."The rallies were just traps., Stock Day Trading, Every bear market has them, and every time, traders think they have picked the bottom, only to find that they have not."Paul looked at the chart and for the first time, with the help of the swing chart overlaid on top of the bars and the moving averages set as they were, he could see how simple it was to determine the trend. Especially the last few weeks - it was certainly a panic."Now, let's have a look at the last few weeks to see what we can determine." Chart available at Stock Trading Review.com."Again, I have drawn a swing chart over the price bars on this daily chart. Once you understand swing charts, you will be able to draw these lines in your mind and you will not need to draw them on your charts any more," Peter said."As you can see, the moving averages are again moving down at a fair clip and the reactions, Stock Day Trading, to the down trend are no more than 3 bars. With the Monthly and Weekly trends strongly down, and a daily trend that is showing very weak rallies in this fashion, what else is a trader to do but short sell this market?" Peter asked.Paul could see it clearly now, the trend was blindingly obvious -why had he not taken, Stock Day Trading, any notice before? There had been a fortune for the taking and he had not seen it."But how, Stock Day Trading, did you know for sure the market would turn on that day?" he asked Peter. "Ah, that is a lesson for another day my young friend. For now, lets make sure you understand trend trading first. Once you know what a trend looks like, you will be in a position to make consistent profits from the market, not before."With that, their first meeting was over. Peter had some important visitors waiting in the reception area to discuss a Joint Venture in a property development. It was time for Paul to go.He thanked Peter for his time and left the office. As walked out through the reception area, Peter called out behind him, "When you get home, set up all the Stocks you owned in a watchlist on Incrediblecharts.com, set it to monthly, put some moving averages on them and work out where you should have exited - that is your homework for this week. I will see you next Wednesday, Stock Day Trading, at 8.00am. Don't be late..."Paul arrived home with a renewed sense of purpose.He did as Peter ordered and as he went through his previous portfolio, he saw that he should have sold every Stock he had owned by January 2001 at the latest. He felt disgusted with himself at having not been able to see this sooner, but he consoled himself that at least now he was on the right track.He was still apprehensive, but he had a chance to put things right for his family. He was determined to make it as a trader, and with Peter's help, he felt he could indeed succeed...To Your Trading, Stock Day Trading, Success,Tony Spann and the TeamStock Trading, Stock Day Trading, Review is dedicated to helping you succeed as a trader by sharing with you simple and easy to follow tips and techniques.Join our FREE "Stock Trading Review" NewsLetter http://www.stocktradingreview.com/stock-trading-newsletter.html to get your hands on some real world "insider" stock, Stock Day Trading, trading tips and techniques and access to our exclusive "Members Only" Free Stock Trading System.You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated.Discover more insider secrets and the exact proven strategies to trade stocks profitably: http://www.stocktradingreview.com(c) 2005 Stock Trading Review - All Rights Reserved.
Some Advice before Entering Forex Trading
Author: Nofie Iman
Source: download
There is an ideal mindset, character, and mental attitude that traders need to acquire. I say "acquire", Stock Day Trading, because few people have the innate personality that makes this mindset "natural" With respect to your trading, this involves being free of anxiety, fear, despair or regret. It also involves being able to remain calm, confident, focused and disciplined in the face of adverse trading outcomes.Trade with a Disciplined PlanThe problem with many traders is that they take shopping more seriously than trading. The average shopper would not spend $500 without serious research and examination of the product he/she is about to purchase, yet the average trader would make a trade that could easily cost him/her $500 based on little more than a feeling or hunch. The plan must include stop and limit levels for the trade, as your analysis should encompass the expected downside as well as the expected upside. Be sure that you have a plan in place before you start to trade.Good Execution Good AnticipationEverybody knows that trading is a number game. I mean, our success is not depend on the outcome of the next trade, our success is depend on the overall profitability of many trades. So, while we are trading, whether the last trade we did was profitable or not is definitely not important. There is no point drawing conclusions on the outcome of just one -or even a few-trades. We can only access our anticipation skills when we have made a reasonable number of trades and see the longer-term result of our action. It is so important that when we are trading, our goal should be focus on executing our trades with ruthless efficiency and to judge only that. If you consider the ways that you lose money trading, you will find that it is down to poor execution, rather than poor anticipation.Cut Your Losses Early and Let Your Profits RunThis simple concept is one of the most difficult to implement and is the, Stock Day Trading, cause of most traders demise. Most traders violate their predetermined plan and, Stock Day Trading, take their profits before reaching their profit target because they feel uncomfortable sitting on, Stock Day Trading, a profitable position. These same people will easily sit on losing positions, allowing the market to move against them for hundreds of points in hopes that the market will come back. In addition, traders who have had their stops hit a few times only to see the market go back in their favor once they are out, are quick to remove stops from their trading on the belief that this will always be the case. Stops are there to be hit, and to stop you from losing more then a predetermined amount. You simply allow your profits on the winners to run and make sure that your losses are minimal. What is it about, Stock Day Trading, cutting a loss that is so hard?Do Not Over TradeDo not bet on the farm. One of the most common mistakes that traders make is leveraging their account too high by trading much larger sizes than their account should prudently trade. Leverage is a double-edged sword. Just because one lot of currency only requires $1000 as a minimum margin deposit, it does not mean that a trader with $5000 in his account should be able to trade 5 lots. One lot is $100,000 and should be treated as a $100,000 investment and not the $1000 put up as margin. Most traders analyze the charts correctly and place sensible trades, yet they tend to over leverage themselves. As a consequence of this, they are often forced to exit a position at the wrong time. A good rule of thumb, Stock Day Trading, is to never use more than 10% of your account at any given time.Do Not Marry Your TradesThe reason trading with a plan is the #1 tip is because most objective analysis is done before the trade is executed. Once a trader is in a position he/she tends to analyze the market differently in the hopes that the market will move in a favorable direction rather than objectively looking at the changing factors that may have turned against your original analysis. This is especially true of losses. Traders with a losing position tend to marry, Stock Day Trading, their position, which causes them to disregard the fact that all signs point towards continued losses.So should you before you trade. In order to start the trading day in, Stock Day Trading, the optimum state of mind you should take 15 to 20 minutes to prepare. Treat each day like an elite athlete prepares for a competition. Here is how to do this:1. Get yourself in a comfortable sitting position and close your eyes2. Breathe in and out slowly, pushing your stomach out each time you breathe in3. Consciously relax all your muscles4. Focus your entire attention on your breathing5. When your mind starts to wander (as it will) re-focus on your breathing so that you eliminate from your consciousness whatever your mind had started to think about -including bodily sensations6. Become aware of being exclusively -in the present moment. Exclude memories or thoughts about past events,, Stock Day Trading, and worries or anticipation or planning about the future7. Do this past the point of boredom, until your restless mind settles down and you enter a peaceful, relaxed state. This, Stock Day Trading, usually takes 15 to 20 minutes, but it can be longer for some peopleAnybody interested in some more information about forex trading should check out high-quality course like Peter Bain at Forex, Stock Day Trading, Mentor. His course provide clear guidelines about when to enter a trade, what to expect in terms of market movement, when to exit a trade, how much loss can be accepted in case the deal moves against the trader, and some secret techniques that can, Stock Day Trading, be easily implemented. Following his simple guidelines can help you become a successful forex trader. Learn to make daily profits, Stock Day Trading, in the forex market. You would not believe how straightforward and helpful it is to a Forex beginner. For more information,, Stock Day Trading, please take a look at http://nofieiman.com/go/peter-bain/Nofie Iman (http://nofieiman.com) is a full-time investor. He has been researching investment strategies since 1998 and make his own living from stock investment and forex trading. For more information about expert's forex trading strategies, please take a look at http://nofieiman.com/go/peter-bain/
Source: download
There is an ideal mindset, character, and mental attitude that traders need to acquire. I say "acquire", Stock Day Trading, because few people have the innate personality that makes this mindset "natural" With respect to your trading, this involves being free of anxiety, fear, despair or regret. It also involves being able to remain calm, confident, focused and disciplined in the face of adverse trading outcomes.Trade with a Disciplined PlanThe problem with many traders is that they take shopping more seriously than trading. The average shopper would not spend $500 without serious research and examination of the product he/she is about to purchase, yet the average trader would make a trade that could easily cost him/her $500 based on little more than a feeling or hunch. The plan must include stop and limit levels for the trade, as your analysis should encompass the expected downside as well as the expected upside. Be sure that you have a plan in place before you start to trade.Good Execution Good AnticipationEverybody knows that trading is a number game. I mean, our success is not depend on the outcome of the next trade, our success is depend on the overall profitability of many trades. So, while we are trading, whether the last trade we did was profitable or not is definitely not important. There is no point drawing conclusions on the outcome of just one -or even a few-trades. We can only access our anticipation skills when we have made a reasonable number of trades and see the longer-term result of our action. It is so important that when we are trading, our goal should be focus on executing our trades with ruthless efficiency and to judge only that. If you consider the ways that you lose money trading, you will find that it is down to poor execution, rather than poor anticipation.Cut Your Losses Early and Let Your Profits RunThis simple concept is one of the most difficult to implement and is the, Stock Day Trading, cause of most traders demise. Most traders violate their predetermined plan and, Stock Day Trading, take their profits before reaching their profit target because they feel uncomfortable sitting on, Stock Day Trading, a profitable position. These same people will easily sit on losing positions, allowing the market to move against them for hundreds of points in hopes that the market will come back. In addition, traders who have had their stops hit a few times only to see the market go back in their favor once they are out, are quick to remove stops from their trading on the belief that this will always be the case. Stops are there to be hit, and to stop you from losing more then a predetermined amount. You simply allow your profits on the winners to run and make sure that your losses are minimal. What is it about, Stock Day Trading, cutting a loss that is so hard?Do Not Over TradeDo not bet on the farm. One of the most common mistakes that traders make is leveraging their account too high by trading much larger sizes than their account should prudently trade. Leverage is a double-edged sword. Just because one lot of currency only requires $1000 as a minimum margin deposit, it does not mean that a trader with $5000 in his account should be able to trade 5 lots. One lot is $100,000 and should be treated as a $100,000 investment and not the $1000 put up as margin. Most traders analyze the charts correctly and place sensible trades, yet they tend to over leverage themselves. As a consequence of this, they are often forced to exit a position at the wrong time. A good rule of thumb, Stock Day Trading, is to never use more than 10% of your account at any given time.Do Not Marry Your TradesThe reason trading with a plan is the #1 tip is because most objective analysis is done before the trade is executed. Once a trader is in a position he/she tends to analyze the market differently in the hopes that the market will move in a favorable direction rather than objectively looking at the changing factors that may have turned against your original analysis. This is especially true of losses. Traders with a losing position tend to marry, Stock Day Trading, their position, which causes them to disregard the fact that all signs point towards continued losses.So should you before you trade. In order to start the trading day in, Stock Day Trading, the optimum state of mind you should take 15 to 20 minutes to prepare. Treat each day like an elite athlete prepares for a competition. Here is how to do this:1. Get yourself in a comfortable sitting position and close your eyes2. Breathe in and out slowly, pushing your stomach out each time you breathe in3. Consciously relax all your muscles4. Focus your entire attention on your breathing5. When your mind starts to wander (as it will) re-focus on your breathing so that you eliminate from your consciousness whatever your mind had started to think about -including bodily sensations6. Become aware of being exclusively -in the present moment. Exclude memories or thoughts about past events,, Stock Day Trading, and worries or anticipation or planning about the future7. Do this past the point of boredom, until your restless mind settles down and you enter a peaceful, relaxed state. This, Stock Day Trading, usually takes 15 to 20 minutes, but it can be longer for some peopleAnybody interested in some more information about forex trading should check out high-quality course like Peter Bain at Forex, Stock Day Trading, Mentor. His course provide clear guidelines about when to enter a trade, what to expect in terms of market movement, when to exit a trade, how much loss can be accepted in case the deal moves against the trader, and some secret techniques that can, Stock Day Trading, be easily implemented. Following his simple guidelines can help you become a successful forex trader. Learn to make daily profits, Stock Day Trading, in the forex market. You would not believe how straightforward and helpful it is to a Forex beginner. For more information,, Stock Day Trading, please take a look at http://nofieiman.com/go/peter-bain/Nofie Iman (http://nofieiman.com) is a full-time investor. He has been researching investment strategies since 1998 and make his own living from stock investment and forex trading. For more information about expert's forex trading strategies, please take a look at http://nofieiman.com/go/peter-bain/
Wednesday, September 23, 2009
Learn Forex Trading - Essential Beginners Tips Part 1
Author: kelly Price
Source: articledashboard.com
In this series, Stock Day Trading, of articles I am going to share my 25 years of experience with you - I am not an article writer I am a trader, so my views are based upon experience, not just talk. To Learn Forex trading is not easy, but it's not hard either, it simply requires application in the right areas to succeed. Let's get started and look at what you need to do to become a successful forex trader. If you want to do it you need to do it on your own and not trust the gurus and mentors who tell you they can give you success - the only person who can do that is you. The first point that is vital to grasp is that forex trading is essentially simple, yet few traders succeed, Stock Day Trading, (less than 5%) but anyone can learn to trade, Stock Day Trading, . The reason is that forex trading is a combination of method and mental control and the latter, Stock Day Trading, is very hard to achieve. The first, Stock Day Trading, bit, learning your method is easy - all you need to keep in mind is to: Work smart and not hard Working smart means focusing only on the information you need to win and nothing else. To learn forex trading doesn't take long and you can get a method together in around 2 weeks by studying the right information and the good news is its all available free online. 1. You should use a technical analysis, Stock Day Trading, system, 2. Base you're trading on long term trend following (forget day trading it doesn't and will never work) 3. Base it on support and resistance and a breakout methodology and use momentum indicators to confirm your trading look them all up in our other articles and get familiar with them. Finally keep it simple!Many traders think the harder they work at forex trading the more they will make, but you only get rewarded for being right in forex trading NOT for the effort you put in. Don't make your system complicated keep it very simple - it's a proven fact that simple systems work best and beat complicated ones as they have fewer elements to break in the brutal world of real trading. 25 years ago when I started trading we didn't have access to all the tools that traders do today, but the ratio of winners to losers is no greater today than it was then which leads to an obvious conclusion: That the trading world is constant and technology and information overload won't help you win - in fact it will help you lose which will be the subject of another articleNow you know the basics of devising a currency trading system the next step will be to construct one that works - this will be the subject in part 2 & 3 of this article.
Source: articledashboard.com
In this series, Stock Day Trading, of articles I am going to share my 25 years of experience with you - I am not an article writer I am a trader, so my views are based upon experience, not just talk. To Learn Forex trading is not easy, but it's not hard either, it simply requires application in the right areas to succeed. Let's get started and look at what you need to do to become a successful forex trader. If you want to do it you need to do it on your own and not trust the gurus and mentors who tell you they can give you success - the only person who can do that is you. The first point that is vital to grasp is that forex trading is essentially simple, yet few traders succeed, Stock Day Trading, (less than 5%) but anyone can learn to trade, Stock Day Trading, . The reason is that forex trading is a combination of method and mental control and the latter, Stock Day Trading, is very hard to achieve. The first, Stock Day Trading, bit, learning your method is easy - all you need to keep in mind is to: Work smart and not hard Working smart means focusing only on the information you need to win and nothing else. To learn forex trading doesn't take long and you can get a method together in around 2 weeks by studying the right information and the good news is its all available free online. 1. You should use a technical analysis, Stock Day Trading, system, 2. Base you're trading on long term trend following (forget day trading it doesn't and will never work) 3. Base it on support and resistance and a breakout methodology and use momentum indicators to confirm your trading look them all up in our other articles and get familiar with them. Finally keep it simple!Many traders think the harder they work at forex trading the more they will make, but you only get rewarded for being right in forex trading NOT for the effort you put in. Don't make your system complicated keep it very simple - it's a proven fact that simple systems work best and beat complicated ones as they have fewer elements to break in the brutal world of real trading. 25 years ago when I started trading we didn't have access to all the tools that traders do today, but the ratio of winners to losers is no greater today than it was then which leads to an obvious conclusion: That the trading world is constant and technology and information overload won't help you win - in fact it will help you lose which will be the subject of another articleNow you know the basics of devising a currency trading system the next step will be to construct one that works - this will be the subject in part 2 & 3 of this article.
Tuesday, September 22, 2009
Reading the Currency Trading Risk
Author: Pete Miguel
Source: articlesbase.com
If you plan to go into forex, it is expected that you will come across currency trading risk. The world of forex is somewhat unstable, there's no telling when currencies will be up or down as compared with the others. This is also the reason why you need to pace yourself slowly should you want to break into this business. It takes, Stock Day Trading, experience paired with the right intuition to move ahead or withdraw from the trading game. Despite the fact that risks in currency trading cannot be avoided, the good thing about the business is that it also comes with lots of business opportunities. This is also one of the best reasons why many people still get enticed to try their luck in the trading game. To be able to minimize the risks that come with currency trading, it is important to know what the business' benefits are and empower those positive things to your advantage. Empowering Opportunities to Minimize Currency Trading Risk If you look, Stock Day Trading, at the business more closely, you will see that there are plenty of opportunities to expand and become more open to possible profit ventures. Despite it being a loose business where anything can be possible, so does the possibility of opening opportunities for profit. The constant rise and fall happening with each currency opens up plenty of profit ventures that you can explore. This, Stock Day Trading, liquidity is what makes currency trading a potent business. Speaking of liquidity,, Stock Day Trading, also one of the defining features of currency trading is its 24 hours environment. Everybody can trade at any day and at any time. Thus, giving people the opportunity to quickly decide on good currency investments and plan ahead to avoid a negative risk. What's also good about this flexible environment is that long term investments can be plotted out and rolled into the business plan to set up a long term profit venture. Risks to Avoid When Currency Trading Day trading is one of the most promising profit ventures in currency trading. But just the same, it can also be a tricky process to get into. You have to scan the environment for, Stock Day Trading, quick opportunities and be able to leave soon as you perceive that currencies will, Stock Day Trading, drop anytime soon. The big risk here comes up if you are a newbie in the playing field. You cannot just rely on day trading to get, Stock Day Trading, you through the business, unless you only use this as an extra method to use for spotting opportunities. Another risk you can come across with foreign currency trading is branching out to other currencies without proper knowledge. Some people ride on the trend when they see that others benefit, Stock Day Trading, from it. While it is a good strategy to use especially if you want to be able to open more opportunities, you can consider getting the help of forex brokers to help you out. You can also try the services of forex brokers just so you can break into the new currency trading ground with a more solid footing.
Source: articlesbase.com
If you plan to go into forex, it is expected that you will come across currency trading risk. The world of forex is somewhat unstable, there's no telling when currencies will be up or down as compared with the others. This is also the reason why you need to pace yourself slowly should you want to break into this business. It takes, Stock Day Trading, experience paired with the right intuition to move ahead or withdraw from the trading game. Despite the fact that risks in currency trading cannot be avoided, the good thing about the business is that it also comes with lots of business opportunities. This is also one of the best reasons why many people still get enticed to try their luck in the trading game. To be able to minimize the risks that come with currency trading, it is important to know what the business' benefits are and empower those positive things to your advantage. Empowering Opportunities to Minimize Currency Trading Risk If you look, Stock Day Trading, at the business more closely, you will see that there are plenty of opportunities to expand and become more open to possible profit ventures. Despite it being a loose business where anything can be possible, so does the possibility of opening opportunities for profit. The constant rise and fall happening with each currency opens up plenty of profit ventures that you can explore. This, Stock Day Trading, liquidity is what makes currency trading a potent business. Speaking of liquidity,, Stock Day Trading, also one of the defining features of currency trading is its 24 hours environment. Everybody can trade at any day and at any time. Thus, giving people the opportunity to quickly decide on good currency investments and plan ahead to avoid a negative risk. What's also good about this flexible environment is that long term investments can be plotted out and rolled into the business plan to set up a long term profit venture. Risks to Avoid When Currency Trading Day trading is one of the most promising profit ventures in currency trading. But just the same, it can also be a tricky process to get into. You have to scan the environment for, Stock Day Trading, quick opportunities and be able to leave soon as you perceive that currencies will, Stock Day Trading, drop anytime soon. The big risk here comes up if you are a newbie in the playing field. You cannot just rely on day trading to get, Stock Day Trading, you through the business, unless you only use this as an extra method to use for spotting opportunities. Another risk you can come across with foreign currency trading is branching out to other currencies without proper knowledge. Some people ride on the trend when they see that others benefit, Stock Day Trading, from it. While it is a good strategy to use especially if you want to be able to open more opportunities, you can consider getting the help of forex brokers to help you out. You can also try the services of forex brokers just so you can break into the new currency trading ground with a more solid footing.
Want to succeed in the forex market? That sure is possible now with the best online forex trading news place on the web.Now you can be updated with the most trusted forex brokers out there with: online forex review scam
Why Choose Online Stock Trading?
Author: Amelie Gam
Source: download
A century ago, the stock market was beginning to take shape. It was very different from what we know today as online stock trading. As time moved on, stock trading developed more and more and turned out to be a great way to make money. By giving the investors a variety of choices such as online stock trading, breakout systems, futures trading, hedging, speculation, swing stock trading, the market has become an indisputable opportunity to make a huge profit.
It is crucial to have a realistic plan and not jump ahead before understanding the basics of stock trading. Besides, taking a small amount of time in perusing the rules of online, Stock Day Trading, stock trading will surely be rewarding later. Specialists' advices recommend trusting yourself, choosing wisely, taking responsibility for your actions and staying focused. Do not lose yourself in the vast sea, Stock Day Trading, of traders, separate your techniques from the rest and trade cautiously. You also have to understand that sometimes, in order to make money, you have to first lose some and learn from your mistakes. Of course, if you don't want to choose this method, research before online stock trading or try using the web for consultations from an experienced broker.
There is a multitude of advantages to going online and starting stock trading. Online stock trading constitutes of buying and selling shares automatically, almost without any human intervention. The first step is to check out the online brokers, then to open up an account so as to deposit money for stock trading. There is also an execution-only broker which offers no advice and just follows your demands. There is a limited amount of time to accept or turn down the offered price.
Online stock trading is an efficient and secure way to browse the stock market and make investments. You will need a computer, an internet connection and of course the two musts of online stock trading - method and discipline. Understanding,, Stock Day Trading, Stock Day Trading, money, Stock Day Trading, management is another advantage. Actually, not knowing anything about this is the reason why most traders, Stock Day Trading, fail even if they take as little risk as possible.
Trading futures is a method used to eliminate or diminish the risks that may appear when the prices, Stock Day Trading, in the market fluctuate. Nowadays, trading futures on the web is sometimes preferred to online stock trading, and without question to traditional "live" trading of any kind. A law in the stock trading business states that prices are induced by the supply and demand of the market. If there are more buyers than sellers, prices will go up and the other way around.
There are two groups of future traders. First are the hedgers who prefer taking the safe road. This is where their name comes from - they are always seeking to hedge out the risks of changes in prices. The second category consists of the speculators who are interested in making a profit based on predicting the changes in the market. Speculating may bring a higher profit, but may also bring loss to those who can't afford it. The profit comes from buying at a certain price today and selling the shares at a higher price in the future. Hedging may also be the best way to trade as it protects against the fluctuations of the market prices.
A high risk, Stock Day Trading, for an inexperienced trader might be trying to predict and speculate without having enough resources or experience in the stock trading deal. A beginner in online stock trading may receive advice from a professional broker on private message boards because many brokers offer their services for stock trading mainly online. However, experts advise against acquiring stocks just on pointers. Doing, Stock Day Trading, your own research, accumulating, Stock Day Trading, as much knowledge on online stock trading as possible, finding reliability first - these is the best advice you'll ever receive.
Swing stock trading is a short term method in which the stocks are kept for a brief period of time. It is a tehnique situated between day-trading and long term invesments. Most interesting is that it never, Stock Day Trading, relies on the market index and it is influenced by the minor variations in stock prices. This type of online stock trading is based more on the short-term investment and on price patterns of shares rather than on the fundamental value. Risks are lower because there is far less competition from the long-term investors. It is best suited for newbies considering the low risks and quick profit. Still there are some, Stock Day Trading, drawbacks to swing stock trading: not waiting for the perfect timing and trading when there is a significant price, Stock Day Trading, fluctuation and the incapacity of applying in a market where share prices are, Stock Day Trading, raising or falling rapidly.
A question that rises, Stock Day Trading, in the online stock trading business is FOREX or FUTURES? FOREX is the largest financial market in the world. It is more fluid and, as opposed to the FUTURES market, it is open 24 hours a day, everyday. There are no commisions and the brokers make profit through the spread that is the breach between the buying and the selling price. Most transactions are executed immediately offering a better price control of your trades than in the FUTURE stock trading market.
What you need to know about this online stock trading affair is that it is simple, exciting and prosperous. It is risky and you may lose some money before hiting the jackpot, but it is all worth it. No matter which types of stock trading you choose you are in for a one wild ride on the carousel of money. And it pays!
Looking to make money, invest and earn a fortune? Well, it is possible, but you first have to find out more about traditional Stock Trading or, even better, about Online Stock Trading ...
Source: download
A century ago, the stock market was beginning to take shape. It was very different from what we know today as online stock trading. As time moved on, stock trading developed more and more and turned out to be a great way to make money. By giving the investors a variety of choices such as online stock trading, breakout systems, futures trading, hedging, speculation, swing stock trading, the market has become an indisputable opportunity to make a huge profit.
It is crucial to have a realistic plan and not jump ahead before understanding the basics of stock trading. Besides, taking a small amount of time in perusing the rules of online, Stock Day Trading, stock trading will surely be rewarding later. Specialists' advices recommend trusting yourself, choosing wisely, taking responsibility for your actions and staying focused. Do not lose yourself in the vast sea, Stock Day Trading, of traders, separate your techniques from the rest and trade cautiously. You also have to understand that sometimes, in order to make money, you have to first lose some and learn from your mistakes. Of course, if you don't want to choose this method, research before online stock trading or try using the web for consultations from an experienced broker.
There is a multitude of advantages to going online and starting stock trading. Online stock trading constitutes of buying and selling shares automatically, almost without any human intervention. The first step is to check out the online brokers, then to open up an account so as to deposit money for stock trading. There is also an execution-only broker which offers no advice and just follows your demands. There is a limited amount of time to accept or turn down the offered price.
Online stock trading is an efficient and secure way to browse the stock market and make investments. You will need a computer, an internet connection and of course the two musts of online stock trading - method and discipline. Understanding,, Stock Day Trading, Stock Day Trading, money, Stock Day Trading, management is another advantage. Actually, not knowing anything about this is the reason why most traders, Stock Day Trading, fail even if they take as little risk as possible.
Trading futures is a method used to eliminate or diminish the risks that may appear when the prices, Stock Day Trading, in the market fluctuate. Nowadays, trading futures on the web is sometimes preferred to online stock trading, and without question to traditional "live" trading of any kind. A law in the stock trading business states that prices are induced by the supply and demand of the market. If there are more buyers than sellers, prices will go up and the other way around.
There are two groups of future traders. First are the hedgers who prefer taking the safe road. This is where their name comes from - they are always seeking to hedge out the risks of changes in prices. The second category consists of the speculators who are interested in making a profit based on predicting the changes in the market. Speculating may bring a higher profit, but may also bring loss to those who can't afford it. The profit comes from buying at a certain price today and selling the shares at a higher price in the future. Hedging may also be the best way to trade as it protects against the fluctuations of the market prices.
A high risk, Stock Day Trading, for an inexperienced trader might be trying to predict and speculate without having enough resources or experience in the stock trading deal. A beginner in online stock trading may receive advice from a professional broker on private message boards because many brokers offer their services for stock trading mainly online. However, experts advise against acquiring stocks just on pointers. Doing, Stock Day Trading, your own research, accumulating, Stock Day Trading, as much knowledge on online stock trading as possible, finding reliability first - these is the best advice you'll ever receive.
Swing stock trading is a short term method in which the stocks are kept for a brief period of time. It is a tehnique situated between day-trading and long term invesments. Most interesting is that it never, Stock Day Trading, relies on the market index and it is influenced by the minor variations in stock prices. This type of online stock trading is based more on the short-term investment and on price patterns of shares rather than on the fundamental value. Risks are lower because there is far less competition from the long-term investors. It is best suited for newbies considering the low risks and quick profit. Still there are some, Stock Day Trading, drawbacks to swing stock trading: not waiting for the perfect timing and trading when there is a significant price, Stock Day Trading, fluctuation and the incapacity of applying in a market where share prices are, Stock Day Trading, raising or falling rapidly.
A question that rises, Stock Day Trading, in the online stock trading business is FOREX or FUTURES? FOREX is the largest financial market in the world. It is more fluid and, as opposed to the FUTURES market, it is open 24 hours a day, everyday. There are no commisions and the brokers make profit through the spread that is the breach between the buying and the selling price. Most transactions are executed immediately offering a better price control of your trades than in the FUTURE stock trading market.
What you need to know about this online stock trading affair is that it is simple, exciting and prosperous. It is risky and you may lose some money before hiting the jackpot, but it is all worth it. No matter which types of stock trading you choose you are in for a one wild ride on the carousel of money. And it pays!
Looking to make money, invest and earn a fortune? Well, it is possible, but you first have to find out more about traditional Stock Trading or, even better, about Online Stock Trading ...
Monday, September 21, 2009
Forex Day Trading Systems - Making Big Consistent Profits From Them
Author: Monica Hendrix
Source: articledashboard.com
The acceleration in, Stock Day Trading, acceptance of online bill trading has apparent a huge billow, Stock Day Trading, in the amount of forex day trading systems sold. They are an adorable advantage for abounding amateur traders, who see them as a low accident top accolade way of trading.
Let's, Stock Day Trading, attending in added detail at these forex day trading systems and how you can accumulation from them.
Forex day trading systems don't plan and if you don't accept me, apprehend on and you will see why this adjustment of trading should be abhorred at all costs.
1. The Abstracts, Stock Day Trading, Is Unreliable
The abstracts is actually absurd because the time aeon is to abbreviate so if as with a lot of forex trading systems they are using forex archive to accomplish signals the arrangement is bedevilled to fail.
For example, if a activity affirmation aggregation works out premiums they don't just use 1, 2 or 10 people, they attending at the bigger picture. They use millions of humans to annual the allowance and it's the aforementioned in forex trading:
You charge abstracts that gives you a big abundant snapshot to annual the odds.
2. The Affidavit
If you wish affidavit try and acquisition a forex day trading arrangement that has a absolute time clue almanac of profits if you go to buy one, over the continued appellation and you will not get one.
All you will get is academic one in hindsight (not absolutely harder to accomplish a accumulation if you apperceive the closing prices!) so these should, Stock Day Trading, be advised with acute attention unless they accept been tracked in absolute time bill trading.
3. Profits and Losses
Day trading aswell break addition aphorism that is the cornerstone of all acknowledged, Stock Day Trading, forex trading strategies - Run your profits to awning your assured losses.
In day trading losses are kept baby (even anticipation he allowance are top you will, Stock Day Trading, lose) but active profits is never in the equation.
Most forex day trading systems attending at scalping a quick accumulation or closing the position out bound - so even if the bill day banker has a accumulation he doesn't run it!
The aftereffect is, the absolute accident of disinterestedness in the account.
4. The Absolute Way to, Stock Day Trading, Accomplish Money
Is to accept the allowance on your ancillary and be able to annual the odds.
If you wish to apprentice forex trading attending at, Stock Day Trading, beat trading, or continued appellation trend afterward and abject your forex trading action on these methods - you again accept allusive abstracts that can advice you annual the odds.
Forex day trading systems complete, Stock Day Trading, abundant in theory, but the absoluteness is these systems are awash by vendors who accept adorable business archetype and annihilation to aback it up.
They accomplish money affairs systems NOT from trading.
Avoid day trading and don't accomplish it allotment of your forex education, or you will never accomplish bill trading success.
Source: articledashboard.com
The acceleration in, Stock Day Trading, acceptance of online bill trading has apparent a huge billow, Stock Day Trading, in the amount of forex day trading systems sold. They are an adorable advantage for abounding amateur traders, who see them as a low accident top accolade way of trading.
Let's, Stock Day Trading, attending in added detail at these forex day trading systems and how you can accumulation from them.
Forex day trading systems don't plan and if you don't accept me, apprehend on and you will see why this adjustment of trading should be abhorred at all costs.
1. The Abstracts, Stock Day Trading, Is Unreliable
The abstracts is actually absurd because the time aeon is to abbreviate so if as with a lot of forex trading systems they are using forex archive to accomplish signals the arrangement is bedevilled to fail.
For example, if a activity affirmation aggregation works out premiums they don't just use 1, 2 or 10 people, they attending at the bigger picture. They use millions of humans to annual the allowance and it's the aforementioned in forex trading:
You charge abstracts that gives you a big abundant snapshot to annual the odds.
2. The Affidavit
If you wish affidavit try and acquisition a forex day trading arrangement that has a absolute time clue almanac of profits if you go to buy one, over the continued appellation and you will not get one.
All you will get is academic one in hindsight (not absolutely harder to accomplish a accumulation if you apperceive the closing prices!) so these should, Stock Day Trading, be advised with acute attention unless they accept been tracked in absolute time bill trading.
3. Profits and Losses
Day trading aswell break addition aphorism that is the cornerstone of all acknowledged, Stock Day Trading, forex trading strategies - Run your profits to awning your assured losses.
In day trading losses are kept baby (even anticipation he allowance are top you will, Stock Day Trading, lose) but active profits is never in the equation.
Most forex day trading systems attending at scalping a quick accumulation or closing the position out bound - so even if the bill day banker has a accumulation he doesn't run it!
The aftereffect is, the absolute accident of disinterestedness in the account.
4. The Absolute Way to, Stock Day Trading, Accomplish Money
Is to accept the allowance on your ancillary and be able to annual the odds.
If you wish to apprentice forex trading attending at, Stock Day Trading, beat trading, or continued appellation trend afterward and abject your forex trading action on these methods - you again accept allusive abstracts that can advice you annual the odds.
Forex day trading systems complete, Stock Day Trading, abundant in theory, but the absoluteness is these systems are awash by vendors who accept adorable business archetype and annihilation to aback it up.
They accomplish money affairs systems NOT from trading.
Avoid day trading and don't accomplish it allotment of your forex education, or you will never accomplish bill trading success.
Currency Trading Systems - Getting A Successful One For Big Profits
Author: kelly Price
Source: articledashboard.com
If you are going to trade, Stock Day Trading, currencies then you need a currency, Stock Day Trading, trading system and below we are going to give you the points you need to consider when building one for yourself which is a lot simpler than many traders believe.
Firs Things First.
Currency trading is a game of odds not certainties so ignore any of the theories or inputs that claim you can predict with science.
So immediately bin Fibonacci, and anything to do with Elliot wave or Gann. They don't work and won't help you achieve currency trading success.
Now - its time to get a currency trading system together, that trades the odds and keep this in mind:, Stock Day Trading,
Your system should be simple.
It should only contain a few indicators and use support, resistance as its foundation.
It's a known fact that simple systems work best, as they are more robust in the face of ever changing market conditions.
Make a system to complicated and it has too many, Stock Day Trading, elements to break and will lose.
Now here is your currency trading system plan.
1. Base it On Support and Resistance
Make sure that it's valid i.e. several tests, that if the levels hold or break, their considered important by the market.
2. Use valid Data
That means forex swing trading or trend following, with data long enough that you can calculate the odds. Forget forex day trading systems - they don't work and never will as the data is too short to be meaningful.
3. Use Breakouts
By all means sell into resistance and buy into support, but if the levels give way remember to:
Buy breakouts!
If you don't, you will miss some of the best high odds trades.
It's a fact that most of the best trends start from new market highs NOT market lows. If you don't know about breakout methodology, its simple to understand and a timeless way of making money, so make it part of your forex education.
4. Confirm Confirm Confirm!
Don't simply execute trading signals and hope that levels hold or break - confirm them first.
This is one of the major errors novice traders make, they want to predict.
Well, if you predict you are hoping and the market will slaughter you - so make sure you confirm.
Make sure price momentum, Stock Day Trading, is going in the direction of your trading signal. If you don't know about momentum indicators then its time to learn. Start with the stochastic, Relative Strength Index and ADX, There are more but these are excellent, Stock Day Trading, ones to start with.
These indicators will confirm and trigger your trading signal so you're trading with price momentum and the odds will be on your side.
5. Understand Standard Deviation
If you don't understand standard deviation of price and volatility, you will lose.
Volatility destroys more novice traders than anything else - so learn to deal with it or join the 95% of traders who get wiped out.
REMEMBER
If you understand the 5 points above and work on them, you can build your own currency trading system - it's not hard to do.
The difficult part about forex trading is not so much getting a method - but having confidence in it and trading it with discipline. If you don't trade with discipline you will lose and you must have confidence to acquire discipline.
If you build your own system based upon the above points, you will have a logical simple system, which is easy to understand have confidence in, can lead you to big Forex profits and currency trading, Stock Day Trading, success.
Source: articledashboard.com
If you are going to trade, Stock Day Trading, currencies then you need a currency, Stock Day Trading, trading system and below we are going to give you the points you need to consider when building one for yourself which is a lot simpler than many traders believe.
Firs Things First.
Currency trading is a game of odds not certainties so ignore any of the theories or inputs that claim you can predict with science.
So immediately bin Fibonacci, and anything to do with Elliot wave or Gann. They don't work and won't help you achieve currency trading success.
Now - its time to get a currency trading system together, that trades the odds and keep this in mind:, Stock Day Trading,
Your system should be simple.
It should only contain a few indicators and use support, resistance as its foundation.
It's a known fact that simple systems work best, as they are more robust in the face of ever changing market conditions.
Make a system to complicated and it has too many, Stock Day Trading, elements to break and will lose.
Now here is your currency trading system plan.
1. Base it On Support and Resistance
Make sure that it's valid i.e. several tests, that if the levels hold or break, their considered important by the market.
2. Use valid Data
That means forex swing trading or trend following, with data long enough that you can calculate the odds. Forget forex day trading systems - they don't work and never will as the data is too short to be meaningful.
3. Use Breakouts
By all means sell into resistance and buy into support, but if the levels give way remember to:
Buy breakouts!
If you don't, you will miss some of the best high odds trades.
It's a fact that most of the best trends start from new market highs NOT market lows. If you don't know about breakout methodology, its simple to understand and a timeless way of making money, so make it part of your forex education.
4. Confirm Confirm Confirm!
Don't simply execute trading signals and hope that levels hold or break - confirm them first.
This is one of the major errors novice traders make, they want to predict.
Well, if you predict you are hoping and the market will slaughter you - so make sure you confirm.
Make sure price momentum, Stock Day Trading, is going in the direction of your trading signal. If you don't know about momentum indicators then its time to learn. Start with the stochastic, Relative Strength Index and ADX, There are more but these are excellent, Stock Day Trading, ones to start with.
These indicators will confirm and trigger your trading signal so you're trading with price momentum and the odds will be on your side.
5. Understand Standard Deviation
If you don't understand standard deviation of price and volatility, you will lose.
Volatility destroys more novice traders than anything else - so learn to deal with it or join the 95% of traders who get wiped out.
REMEMBER
If you understand the 5 points above and work on them, you can build your own currency trading system - it's not hard to do.
The difficult part about forex trading is not so much getting a method - but having confidence in it and trading it with discipline. If you don't trade with discipline you will lose and you must have confidence to acquire discipline.
If you build your own system based upon the above points, you will have a logical simple system, which is easy to understand have confidence in, can lead you to big Forex profits and currency trading, Stock Day Trading, success.
Trading Research in Motion post Q1/2009
Author: David S.Y. Wong
Source: articlesbase.com
Research in Motion (RIMM on the Nasdaq and RIM on the TSX) had its latest earnings announcement on Thursday, April 2, 2009 after market close. Results, Stock Day Trading, were good, having exceeded analysts expectations, so excitement and optimism are back in the air. The stock gained 19% on Friday. On Wednesday and Thursday, the stock had up-candle days in anticipation of the earnings announcement. Since Tuesday’s close, RIM has climbed from $54.49 to Friday’s close of $72.80 for a 33% rise.I did my last day-trade on RIM on Tuesday which was a down-candle day. For once, I stuck to my rule of not holding a stock past earnings announcement. Therefore, I avoided trading, Stock Day Trading, RIM after Tuesday because I did not want to risk holding the stock. It was tempting, Stock Day Trading, as the stock kept rising. In retrospect, it would have been a good move to hold but I did not take the risk. There were also short positions held on RIM at the $54 level; look where they are now. It is not worth the risk, long or short, to hold short-term trading positions past, Stock Day Trading, earnings announcement. That’s my appetite for risk.On Friday, analysts were busy changing their previous estimates on the stock and at least 10 analysts had either upgraded their recommendations or bumped up their price targets for the stock, or both. Oh, the life of an analyst, making such bold recommendations! Do something worthwhile such as performing due diligence prior to earnings announcement and make your recommendations before, not after, earnings announcement.Research in Motion did a good job of managing expectations,, Stock Day Trading, even issuing a prior warning that they will come in at the low end of company projections. The reverse effect may happen here with analyst upgrades and good news all around propping up the stock price and keeping the momentum up. Are expectations, Stock Day Trading, being set up for disappointment?I’ve taken RIM off my active trading list. I will wait a while to see where all this hype and euphoria settles, in terms of the stock price. In my view, it is extremely risky to buy after a 3-day 33% rise. Also, it is not a shorting opportunity as there is good news and momentum holding up the stock. After all, the company did perform well. I think upside is limited in the short-term. It may not drop off either. I think it moves sideways in the next little while, unless there are other dictating factors such as the direction of the overall market. StockTradersPlace (http://stocktradersplace.com) provides a trend following system based on candlestick technical analysis. Use the buy/sell commentary to guide your trading decisions. Empower, Stock Day Trading, yourself to execute winning trades. Visit http://stocktradersplace.blogspot.com for stock trading experiences and information. Copyright © Apr 2009 StockTradersPlace.com
Source: articlesbase.com
Research in Motion (RIMM on the Nasdaq and RIM on the TSX) had its latest earnings announcement on Thursday, April 2, 2009 after market close. Results, Stock Day Trading, were good, having exceeded analysts expectations, so excitement and optimism are back in the air. The stock gained 19% on Friday. On Wednesday and Thursday, the stock had up-candle days in anticipation of the earnings announcement. Since Tuesday’s close, RIM has climbed from $54.49 to Friday’s close of $72.80 for a 33% rise.I did my last day-trade on RIM on Tuesday which was a down-candle day. For once, I stuck to my rule of not holding a stock past earnings announcement. Therefore, I avoided trading, Stock Day Trading, RIM after Tuesday because I did not want to risk holding the stock. It was tempting, Stock Day Trading, as the stock kept rising. In retrospect, it would have been a good move to hold but I did not take the risk. There were also short positions held on RIM at the $54 level; look where they are now. It is not worth the risk, long or short, to hold short-term trading positions past, Stock Day Trading, earnings announcement. That’s my appetite for risk.On Friday, analysts were busy changing their previous estimates on the stock and at least 10 analysts had either upgraded their recommendations or bumped up their price targets for the stock, or both. Oh, the life of an analyst, making such bold recommendations! Do something worthwhile such as performing due diligence prior to earnings announcement and make your recommendations before, not after, earnings announcement.Research in Motion did a good job of managing expectations,, Stock Day Trading, even issuing a prior warning that they will come in at the low end of company projections. The reverse effect may happen here with analyst upgrades and good news all around propping up the stock price and keeping the momentum up. Are expectations, Stock Day Trading, being set up for disappointment?I’ve taken RIM off my active trading list. I will wait a while to see where all this hype and euphoria settles, in terms of the stock price. In my view, it is extremely risky to buy after a 3-day 33% rise. Also, it is not a shorting opportunity as there is good news and momentum holding up the stock. After all, the company did perform well. I think upside is limited in the short-term. It may not drop off either. I think it moves sideways in the next little while, unless there are other dictating factors such as the direction of the overall market. StockTradersPlace (http://stocktradersplace.com) provides a trend following system based on candlestick technical analysis. Use the buy/sell commentary to guide your trading decisions. Empower, Stock Day Trading, yourself to execute winning trades. Visit http://stocktradersplace.blogspot.com for stock trading experiences and information. Copyright © Apr 2009 StockTradersPlace.com
http://stocktradersplace.com/david
StockTradersPlace (http://stocktradersplace.com) provides a trend following system to boost your trading success. Use our stock trading method to execute winning trades on a consistent basis.
Sunday, September 20, 2009
Automatic Forex Robot - Making Trading Easier
Author: Emma
Source: articlesbase.com
The dream for higher earnings and the flow of big profits have never left our imagination, especially when you are in the field of Forex Trading. The market, as we all know is working for twenty four hours a day for the whole week; traders all around the world work their way up, learn experiences, and set their expectations higher for them to earn more from their previous trading. One can say that, having all these dreams for big profits, the Forex Market have a lot of money in it. Get, Stock Day Trading, Best Forex Automatic Trading Robots Then apart from by just dreaming of big profit, traders often think about a system or a software that can help them do their trading, in terms of doing things automatically. How the traders dreams that they would have as many assistants as they want, for them to have more time on other things. Now that we have the Forex Robot, as software that works like a thousand assistants, our dreams of having big profits is never too far away. But, as we get on with our trading currencies, we might ask, does this Robot work? At the en of my articles, I offered some links that you, Stock Day Trading, can check about some background of Forex Robots that you are using, there are some reviews there that I added that might helped you in researching how good this Forex software can helped you with your currency trading investments. Now, from purchasing a good Forex System Software, it is important to consider who made the Robot. You can dutifully check for the author of your system software so that you can avoid from purchasing a scam. By this way, you can now if more and more trader trusts his created Forex Robot. If there are good comments about the product, see it very well, dig deeper, rather than just by reading the comments about the author. Know his or her work, if he or she is on the Forex Market trading, or just a system software maker, check his or her credentials too. Next, if you already chosen your Forex Robot, try and see if it has a superb guarantee money back, Stock Day Trading, deal. Some Forex Robot manufacturer offers as much as 2 months on their money back guarantees; by this way, you can test if the software, Stock Day Trading, you just bought is working well for you. And with this, you can always secure your money, so that it won't go to waste if your Forex Robot didn't work. You can always ask, Stock Day Trading, for a refund. And lastly, upon buying a Forex Robot, there are testimonials of people who purchased the product. In this way, you can have their sentiments and praise on the Forex Robot they bought. This would help you in such a way that you are able to buy, Stock Day Trading, reliable software which can help you out manage your currency business. They have these testimonials all written over the sales page of your desired Forex Robot. By reading them, you can now see for yourself the great help of Forex Robot in your Foreign Exchange trading business. Get Best Forex Automatic Trading Robots Â
Source: articlesbase.com
The dream for higher earnings and the flow of big profits have never left our imagination, especially when you are in the field of Forex Trading. The market, as we all know is working for twenty four hours a day for the whole week; traders all around the world work their way up, learn experiences, and set their expectations higher for them to earn more from their previous trading. One can say that, having all these dreams for big profits, the Forex Market have a lot of money in it. Get, Stock Day Trading, Best Forex Automatic Trading Robots Then apart from by just dreaming of big profit, traders often think about a system or a software that can help them do their trading, in terms of doing things automatically. How the traders dreams that they would have as many assistants as they want, for them to have more time on other things. Now that we have the Forex Robot, as software that works like a thousand assistants, our dreams of having big profits is never too far away. But, as we get on with our trading currencies, we might ask, does this Robot work? At the en of my articles, I offered some links that you, Stock Day Trading, can check about some background of Forex Robots that you are using, there are some reviews there that I added that might helped you in researching how good this Forex software can helped you with your currency trading investments. Now, from purchasing a good Forex System Software, it is important to consider who made the Robot. You can dutifully check for the author of your system software so that you can avoid from purchasing a scam. By this way, you can now if more and more trader trusts his created Forex Robot. If there are good comments about the product, see it very well, dig deeper, rather than just by reading the comments about the author. Know his or her work, if he or she is on the Forex Market trading, or just a system software maker, check his or her credentials too. Next, if you already chosen your Forex Robot, try and see if it has a superb guarantee money back, Stock Day Trading, deal. Some Forex Robot manufacturer offers as much as 2 months on their money back guarantees; by this way, you can test if the software, Stock Day Trading, you just bought is working well for you. And with this, you can always secure your money, so that it won't go to waste if your Forex Robot didn't work. You can always ask, Stock Day Trading, for a refund. And lastly, upon buying a Forex Robot, there are testimonials of people who purchased the product. In this way, you can have their sentiments and praise on the Forex Robot they bought. This would help you in such a way that you are able to buy, Stock Day Trading, reliable software which can help you out manage your currency business. They have these testimonials all written over the sales page of your desired Forex Robot. By reading them, you can now see for yourself the great help of Forex Robot in your Foreign Exchange trading business. Get Best Forex Automatic Trading Robots Â
More Super Forex System Tips:
10 Minute Forex Wealth Builder is a simple trend trading End of Day system that anyone can implement. It utilizes the fact that the Forex Currency Markets trend for extended periods of time, and all you need is a simple way to identify the trend as well as determine a clear cut, no guesswork entry and exit into the trend.
Forex Trading Made E-Z was developed by G.C. Smith. It is a forex trading course which shows an scalping system. How would you like to earn a living with a proven, step-by-step program that could earn you as much as $500 dollars a day once you've learned the strategy the Forex Trading Made E-Z e-book and videos will teach you!
A non directional trading formula can be highly sophisticated and complicated but it is nevertheless fascinating. Why so? It is so because it can manage to make money for you in the market trading despite its present unpredictability brought about by the economic crisis the world over. A non directional trading formula defied tradition and paved the way for innovation to do its thing and allow traders to earn money the most sophisticated way.
Saturday, September 19, 2009
Is FOREX Trading the Greatest Business Opportunity...EVER?
Author: Eddie Yakubovich
Source: articleage.com
FOREX Trading is the greatest home-based business potential
available today, and maybe even in history. Let me appearance you why.
We just wish to be bright about who this commodity is accepting written
for. Anyone searching to alpha a home based business, or career,
without risking a lot of money, but who is accommodating to put in the
time all-important to accomplish, Stock Day Trading, his or her goals.
FOREX Trading vs. Absolute Estate
One of the added accepted home based business opportunities is
real estate.
Let's yield a attending at some of the added unappealing locations of the
real acreage business.
Real Estate:
Amount of Money Bare to Begin:
Regardless of what the infomercials accept to say, it costs a
great accord of money to get into the absolute acreage business. Even
the "No Money Down" systems betrayal you to an amazing bulk of
risk.
Whether you put money down or not, you are amenable to pay
for the "product" you are purchasing.
If you are clumsy to acquisition a way to aftermath acquirement from your
investment quickly, you will be paying a mortgage payment. It
only takes a few months of mortgage payments to about-face, Stock Day Trading, "No Money
Down", to "Some Money Down", to "No Money Left".
Amount of Time Bare to Begin:
Another lie again on infomercial afterwards, Stock Day Trading, infomercial is that it
only takes a few hours a anniversary to activate authoritative money in the real
estate business.
We don't wish to allege for anyone else, but whom do they think
they are kidding. So, let me get this straight...
* looking for a home online * speaking to a realtor, Stock Day Trading, * driving
around your adjacency * speaking to a mortgage, Stock Day Trading, specialist *
and all of the added things you accept to do on EACH AND EVERY
HOUSE
All of these, combined, will abandoned yield me a few hours a week?
We anticipate we are starting to see why such a ample majority of
home based businesses fail. It's ambiguous to accept a
halfhearted attack will, Stock Day Trading, advance to success.
Amount of Ability Bare to Begin:
In adjustment to accomplish in the absolute acreage business you accept to
obtain a abundance of knowledge. How do you adequately bulk a home?
How continued will it yield to fix, and sell, a home? How abundant should
lumber cost?, Stock Day Trading, How continued does it yield to install a sink?
Those are the simple questions. Zoning laws, arrangement laws, and
tax laws are just some of the added complicated capacity that
you'll charge to understand.
The actuality is, we can abide autograph about the ability you
need for days. Obviously, in adjustment for you to accomplish in real
estate you charge a abundance of information.
Amount of Humans Bare to Begin:
Unless you are absolutely accustomed with all aspects of the real
estate business already, you will run into one of a few
problems: * The bulk of time it would yield you to become
familiar with all abandon of absolute estate. * The bulk of money it
would bulk you to FAIL at the absolute acreage business. * Most
likely, the bulk of money it would bulk you to body a aggregation of
people who are accommodating to "share" their ability with, Stock Day Trading, you.
Experts don't, Stock Day Trading, appear cheap, and afterwards them you are helpless. In
our opinion, this is one of the greatest shortcomings of the
real acreage business.
Your success, ultimately, lies in the easily of others. We can't
stress this enough...you banking approaching is barnacle on the
performance of a complete stranger.
FOREX Trading;
Amount of Money Bare to Begin:
Nothing. Zero. Zilch. Nada. $0.
If done right, you should not accident any money if acquirements to
trade the FOREX. Again, we assumption it's abandoned fair for us to
explain. Afterwards accepting too technical, we wish you to
understand one actual important point.
Whether you are trading with $1,000,000, Stock Day Trading, or $0, the information
and technology accessible to you is identical. You can acquire
the abilities and ability all-important free.
Not abandoned is this aberrant in accord to added home based
business,, Stock Day Trading, it's aswell different in affiliation to added trading markets
(There will be an absolute commodity acknowledgment the allowances of the
FOREX markets vs. any of the added markets)., Stock Day Trading,
Amount of Time Bare to Begin:
Before diving into the answer, specifically, we anticipate it's
important that you accept accession abstraction different to the
FOREX. Twenty-four hours a day trading. That's right, FOREX
markets are trading 24 hours a day, from Sunday afternoon to
Friday afternoon.
How does this advice in answering the catechism at hand, how much
time is bare to activate FOREX trading?
As we've mentioned earlier, in adjustment to breach into the real
estate business requires a above charge of time. Most of
which has to appear amid 9 AM and 5 PM. The actuality is, you
can't allege to a realtor at 3 AM. Everything you do has to be
around somebody else's schedule. That agency that 40 hours of
work could yield you 4 weeks.
Those aforementioned 40 hours, while acquirements FOREX Trading, ability only
take you 2 weeks. All you charge is a computer and an internet
connection. In addition, back there is essentially less
needed to apprentice in adjustment to accomplish at FOREX Trading, 40 hours
of plan will put you abundant afterpiece to success again it would in
real estate.
Amount of Ability Bare to Begin:
As a FOREX banker you abandoned charge to access the ability that
will be, Stock Day Trading, all-important for you to accomplish money trading.
Why does this matter?
Let me acknowledgment this with an example. Why do my plants charge water?
Actually, we don't know. To be added precise, none of us actually
cares. However, we do apperceive that if we don't baptize them, they
die. That actuality abandoned gives me abundant acumen to baptize my plants.
This abstraction holds accurate in the FOREX markets. With all of the
information accessible worldwide, it's simple to get bent up in
the non-important factors. Like, why do my plants charge water?
However, all you charge to apperceive are the exact accomplish to yield in
order to succeed. Like, baptize your plants.
This acutely banned the bulk of time you have to advance in
learning to barter the FOREX.
Amount of Humans Bare to Begin:
Well, to attack FOREX trading takes abandoned you. To accomplish at
FOREX trading takes you and an educator. Combining these two
pieces creates one of the simplest, Stock Day Trading, puzzles around.
Imagine aggravating to apprentice 2 + 2 = 4 afterwards the advice of a
teacher. None of us would anytime butt this simple accountable if left
alone. In fact, we wouldn't be able to acquaint at all
without the examples set alternating to us by our parents.
Our absolute lives are molded by the superior of the apprenticeship and
guidance we are provided. This holds accurate in FOREX Trading.
With an aristocratic FOREX Trading Course, you are on the aisle to
successful FOREX trading.
Ultimately, YOU actuate your success. However, accepting the
right foundation and advancing abutment will put all the allowance in
your favor.
Source: articleage.com
FOREX Trading is the greatest home-based business potential
available today, and maybe even in history. Let me appearance you why.
We just wish to be bright about who this commodity is accepting written
for. Anyone searching to alpha a home based business, or career,
without risking a lot of money, but who is accommodating to put in the
time all-important to accomplish, Stock Day Trading, his or her goals.
FOREX Trading vs. Absolute Estate
One of the added accepted home based business opportunities is
real estate.
Let's yield a attending at some of the added unappealing locations of the
real acreage business.
Real Estate:
Amount of Money Bare to Begin:
Regardless of what the infomercials accept to say, it costs a
great accord of money to get into the absolute acreage business. Even
the "No Money Down" systems betrayal you to an amazing bulk of
risk.
Whether you put money down or not, you are amenable to pay
for the "product" you are purchasing.
If you are clumsy to acquisition a way to aftermath acquirement from your
investment quickly, you will be paying a mortgage payment. It
only takes a few months of mortgage payments to about-face, Stock Day Trading, "No Money
Down", to "Some Money Down", to "No Money Left".
Amount of Time Bare to Begin:
Another lie again on infomercial afterwards, Stock Day Trading, infomercial is that it
only takes a few hours a anniversary to activate authoritative money in the real
estate business.
We don't wish to allege for anyone else, but whom do they think
they are kidding. So, let me get this straight...
* looking for a home online * speaking to a realtor, Stock Day Trading, * driving
around your adjacency * speaking to a mortgage, Stock Day Trading, specialist *
and all of the added things you accept to do on EACH AND EVERY
HOUSE
All of these, combined, will abandoned yield me a few hours a week?
We anticipate we are starting to see why such a ample majority of
home based businesses fail. It's ambiguous to accept a
halfhearted attack will, Stock Day Trading, advance to success.
Amount of Ability Bare to Begin:
In adjustment to accomplish in the absolute acreage business you accept to
obtain a abundance of knowledge. How do you adequately bulk a home?
How continued will it yield to fix, and sell, a home? How abundant should
lumber cost?, Stock Day Trading, How continued does it yield to install a sink?
Those are the simple questions. Zoning laws, arrangement laws, and
tax laws are just some of the added complicated capacity that
you'll charge to understand.
The actuality is, we can abide autograph about the ability you
need for days. Obviously, in adjustment for you to accomplish in real
estate you charge a abundance of information.
Amount of Humans Bare to Begin:
Unless you are absolutely accustomed with all aspects of the real
estate business already, you will run into one of a few
problems: * The bulk of time it would yield you to become
familiar with all abandon of absolute estate. * The bulk of money it
would bulk you to FAIL at the absolute acreage business. * Most
likely, the bulk of money it would bulk you to body a aggregation of
people who are accommodating to "share" their ability with, Stock Day Trading, you.
Experts don't, Stock Day Trading, appear cheap, and afterwards them you are helpless. In
our opinion, this is one of the greatest shortcomings of the
real acreage business.
Your success, ultimately, lies in the easily of others. We can't
stress this enough...you banking approaching is barnacle on the
performance of a complete stranger.
FOREX Trading;
Amount of Money Bare to Begin:
Nothing. Zero. Zilch. Nada. $0.
If done right, you should not accident any money if acquirements to
trade the FOREX. Again, we assumption it's abandoned fair for us to
explain. Afterwards accepting too technical, we wish you to
understand one actual important point.
Whether you are trading with $1,000,000, Stock Day Trading, or $0, the information
and technology accessible to you is identical. You can acquire
the abilities and ability all-important free.
Not abandoned is this aberrant in accord to added home based
business,, Stock Day Trading, it's aswell different in affiliation to added trading markets
(There will be an absolute commodity acknowledgment the allowances of the
FOREX markets vs. any of the added markets)., Stock Day Trading,
Amount of Time Bare to Begin:
Before diving into the answer, specifically, we anticipate it's
important that you accept accession abstraction different to the
FOREX. Twenty-four hours a day trading. That's right, FOREX
markets are trading 24 hours a day, from Sunday afternoon to
Friday afternoon.
How does this advice in answering the catechism at hand, how much
time is bare to activate FOREX trading?
As we've mentioned earlier, in adjustment to breach into the real
estate business requires a above charge of time. Most of
which has to appear amid 9 AM and 5 PM. The actuality is, you
can't allege to a realtor at 3 AM. Everything you do has to be
around somebody else's schedule. That agency that 40 hours of
work could yield you 4 weeks.
Those aforementioned 40 hours, while acquirements FOREX Trading, ability only
take you 2 weeks. All you charge is a computer and an internet
connection. In addition, back there is essentially less
needed to apprentice in adjustment to accomplish at FOREX Trading, 40 hours
of plan will put you abundant afterpiece to success again it would in
real estate.
Amount of Ability Bare to Begin:
As a FOREX banker you abandoned charge to access the ability that
will be, Stock Day Trading, all-important for you to accomplish money trading.
Why does this matter?
Let me acknowledgment this with an example. Why do my plants charge water?
Actually, we don't know. To be added precise, none of us actually
cares. However, we do apperceive that if we don't baptize them, they
die. That actuality abandoned gives me abundant acumen to baptize my plants.
This abstraction holds accurate in the FOREX markets. With all of the
information accessible worldwide, it's simple to get bent up in
the non-important factors. Like, why do my plants charge water?
However, all you charge to apperceive are the exact accomplish to yield in
order to succeed. Like, baptize your plants.
This acutely banned the bulk of time you have to advance in
learning to barter the FOREX.
Amount of Humans Bare to Begin:
Well, to attack FOREX trading takes abandoned you. To accomplish at
FOREX trading takes you and an educator. Combining these two
pieces creates one of the simplest, Stock Day Trading, puzzles around.
Imagine aggravating to apprentice 2 + 2 = 4 afterwards the advice of a
teacher. None of us would anytime butt this simple accountable if left
alone. In fact, we wouldn't be able to acquaint at all
without the examples set alternating to us by our parents.
Our absolute lives are molded by the superior of the apprenticeship and
guidance we are provided. This holds accurate in FOREX Trading.
With an aristocratic FOREX Trading Course, you are on the aisle to
successful FOREX trading.
Ultimately, YOU actuate your success. However, accepting the
right foundation and advancing abutment will put all the allowance in
your favor.
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