Tips For Trading Like a Professional

If you want to trade like a professional, then you must do what professional traders do. Professional day traders study the markets on a regular basis and are constantly coming up with strategies to help them be extremely successful. They know how to quickly spot trends and patterns so they can capitalize on them. They have a list of stocks that they keep an eye on so they can learn how to better predict when those stocks will move up or down.

A professional day trader understands that diversification is key. They never put all of their eggs in one basket. This way they know they can not be wiped out with just one bad trade. You can't have the all or nothing mentality and expect to be a successful day trader. Its just too risky. You also can't believe everything that you hear. There is a lot of talk that goes on in the day trading business. And if you believe everything that you hear, you will be in a lot of trouble.

Here are a few more tips to help you trade like a professional

Have A Dedicated Space For Working

All professional day traders have a space that they use for day trading only. Usually this will consist of a computer, in some cases several computers, magazines, newspapers and a TV to keep an eye on whats going on in the market. You should have a set schedule that you stick to everyday. The US markets are open for about 6 hours. So you can either work during that time or you can work before and after the markets open and close.

Create A Strategy And Stick To It

Professional day traders have a clear strategy that they stick to no matter what. They are extremely disciplined. They don't let their emotions affect the their decision making. They make every trade based on a pre-determined strategy. They know when to get out and they know when to stay in. Without a clear strategy your chances of success as a day trader are pretty slim.

Use Technology To Your Advantage

There are a ton of different softwares on the market that can help you be a more effective day trader. Learn how to use this technology to your advantage. Software allows you to set things up to run on complete autopilot. So not only will this save you time, it can save you money as well.

Get LIVE futures Advice From Our Experts of Seasoned Analysts. Join The FFT Trading Club and Receive A Free Special Complimentary 7 Day Trial. Visit: http://forecastfortomorrow.com/Trading-Club


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Asset Protection Made E-Z

Asset Protection
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Regardless of how safe and secure you now feel, without advanced assetprotection your hard-earned wealth may well end up in someone else'spocket.  This ultimate program for total financial security helps you tolegally safeguard wealth and property from lawsuits, creditors, the IRS,divorce, bankruptcy, probate, or other financial disasters that can unexpectedlywipe you out.

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Top 5 Benefits of Ratio Trading: Know the De Risk Theory of Stock Market Trade

Ratio Trading is a scientific concept that is the "surest way to make money in the stock market" irrespective of market swing and fluctuations. In other words ratio trading guarantees consistent and stable income from the stock market which is large viewed as a risky, unstable and volatile sector by even inside players.

The negative reputation of the stock market is largely due to the practices of individual players who participate in speculation. Ratio trading on the other hand is not speculative in nature. Rather it has the potential to change the perspective of the stock market as a risky sector. To those who understand the tools and strategies of ratio trading and can yield them to earn profits in options market, know that the stock market can indeed be a de-risked niche.

Let us take a close peak at some of the benefits of ratio trading:

Ratio trading is less risky because it is an intraday strategy where trade originates and concludes on the same day. Thus, the risk of a negative impact due to overnight swing in global as well as domestic markets is negated. Even the effect of intraday market movement on ratio trading strategy is minimal. If we look at the trends in the last decade we will find that, markets have not fallen or risen by 200 points intraday for more than 10 times within this time period. Therefore if we remain 200-300 points out of the money from the current market, we are almost assured of not getting affected by the market movement and are assured of getting profits from our trade 9 out of 10 times. It is the safest and surest way to make money off the financial markets.

Ratio trading strategy is based upon trade in options contracts, the lowest cost product in the Indian stock market. The initial investment therefore is quite low. Since it involves intraday trading at the end of the day no trades are carried over and therefore no margins are required.

Time value decay or rise in ratio is a continuous process there are no specific exit and entrance points in ratio trading. Anyone can enter and exit trade at any point of time depending upon opportunity calculated through comparison and judgment between different ratios. In other words ratio trading strategy is designed to be one that facilitates trade at will of the players involved. One may stop trading when there is uncertainty or confusion in the market and resume trade when the crisis is over.

The graph of ratios (Out of the Money) in Ratio Trading is always up irrespective of the market direction. Thus, profit is guaranteed in this strategy which consists of trading in small lots generating small profits which eventually build decent volumes and profits at the end of the day.

The trade remains unaffected by increase in number of participants or increase in volume. Rather competition only serves to open door to more opportunities as more competition means more volume, more volatility, more mis-pricing, more imperfection in ratios - all of which culminates into more opportunities and more profits.

Ajay Jain is a financial expert who is well versed in the intricacies of options trade and strategies of ratio trading in Indian stock market. He shares his expertise gained through many years of experience in live trading with the readers.


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Top 5 Day Trading Rules To Follow

To become a successful day trader, here are the top 5 rules you must follow religiously.

Rule #1 - Create A Plan And Stick To It

Once you create a plan, it is very important that you stick to it. If you have a sound strategy then you will eventually make money. If you constantly switch strategies and never stick with anything, you will without a doubt fail very quickly. A good, sound strategy is objective. It deals with the facts and only the facts. It doesn't allow room for your personal feelings to get in the way and cause you to make bad decisions.

Rule #2 - Know Your Market

All successful day traders know their market. They don't dabble in multiple stocks. Instead they focus on a small select few and get to know them intimately. By doing so you will naturally develop a 6th sense and start to recognize certain trends and movements in the market. You will be able to better gauge when you should and shouldn't make a trade.

Rule #3 - Prepare, Prepare, Prepare

Preparation is very important if you want to be a successful day trader. You must do your homework so you can make an informed decision about when and where you will get in and out of the market. Proper preparation will help you avoid any huge losses.

Rule #4 - Don't Be Greedy

This is a big one. Being greedy usually leads to you losing more money then you could ever imagine. Don't squeeze every trade to the last tenth of a point. Get out at a decent time so you can avoid major losses. DON'T BE GREEDY!

Rule #5 - Take A Loss If You Have To

Most day traders fail because they don't know when to let go of a bad trade. They hold on to it hoping it will turn around. Sometimes you are going to have to take a loss. It's just part of the day trading game. A savvy day trader knows and understands this. The idea is to keep your losses small. It's all about management. Because it's the end result that really matters. A few small losses here and there won't affect your profit margins and the end of the month. But if you hold on to a bad trade for too long, your losses will mount up and could have a devastating affect on your profit margins. So make sure you know when it is necessary to take a loss.

Learn How We Predicted The 2008 Crash Before It Happened. Join Our FFT Trading Club & See Where You Should Be In The Market Next Week! Visit:- http://www.forecastfortomorrow.com/Trading-Club


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Top Ways On How To Start Day Trading

The first step in day trading is to make sure you have the proper equipment. A good computer is a must. If you already have a computer then there is no need to rush out to buy a new one. Just make sure your computer meets the following specifications.

1) 1000 MHZ
2) 52 MB of ram
3) 100 GB hard drive
4) A 17" monitor
5) A high quality video card

If you computer doesn't meet all of these standards you can simply opt to upgrade. In some cases an upgrade will be a lot cheaper then purchasing a brand new computer. Either way, having a fully functional computer with the appropriate speed and efficiency is vital if you want to be a successful day trader.

You will also need a high speed internet connection. It is paramount that you be able to get and send information quickly throughout the day. Otherwise your trades might be negatively affected and you could lose massive amounts of money. As a day trader, your main objective is trade stocks at a rapid pace in hopes of making a small profit on each trade. Without a high speed internet connection this is virtually impossible. These days DSL is extremely affordable. You can get it for about $50 a month. In some places you might be able to get it even cheaper than that.

The third thing you will need to start day trading is access to real time data. There are a number of different firms out there that can provide you with this information. Usually there will be a few involved to access this information. The fee can be as low as $75 a month all the way up to $300 a month. You need this data so you can stay up to day on market news, stock quotes, charting and much more.

Next up you will need a way to process the purchasing and selling of orders online. This is known as an online order execution system. You can find this through online brokerage services such as Etrade and waterhouse securities. Online brokerages are the most commonly used services for trading.

Last but not least you will need money. You must have money to invest in the market to be a day trader. You can either borrow this money or use your own money. I would suggest using your own money as borrowing money makes day trading riskier than what it already is.

Learn How We Predicted The 2008 Crash Before It Happened. Join Our FFT Trading Club & See Where You Should Be In The Market Next Week! Visit:- http://www.forecastfortomorrow.com/Trading-Club


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Trade Stock Successfully With Emotional Detachment

All Traders understand, to trade successfully and profitably, one must approach trading as a business. Like all brick and mortar businesses, there must be a specific set of business rules in which one conduct business. Preserving capital, ensuring positive cash flow and focusing on capital gains.

Whether you trade in Forex, Future, Commodities or Stock market, all Traders must have a trading rules that includes the element of Fundamental Analysis (FA), Technical Analysis (TA) & Money Management (MM). The trinity of successful trading - FA, TA and MM.

Since most trades are made manually (will leave auto-pilot trading for another article in the near future), there has been little emphasis on the emotional aspect of trading. One assumed that having a trading plan is sufficient to fatten one's account.

But being human, there is always an emotional attachment to the trade. The mental roller coaster effect as prices goes up and down. This is where PA comes into play... Praying Analysis. Each time trade goes wrong, one starts to pray!

Having knowledge of FA, TA, MM and a Trading plans are not sufficient if Traders are unable to control their emotions. Most traders do not have the discipline to stick to their plans when their mind is at play; the crippling Fear and the possessive greed works well to bring most trading account down. I have been there, and done that.

Each time you have a capital gain from accumulated profit, it gets drawn down very rapidly when you become over confidence and allows the heart to manage the orders instead of the head.
Making Money can be easier if we trade without emotion.

To have a better chance of success, one needs to be emotionally detached to the trade. Don't fall in love with your counters, your currency pairs or your commodities. Trade based on what you your tickers tell you, set your risk and reward and be able to accept the risk represented in $ form.

Once the ground work is done, all you have to do, to be successfully in trading is: SET AND FORGET.

Once you set your trade based on your trading plans, the next best thing for you to do is, move away from the screen. Get a life outside trading, do something else. Set it, forget it, and very likely, you will profit from it. Staring at your trade brings in the greed and fear part of your emotion. Not looking and staring at your trade has a better chance of increasing your capital!

Happy Trading to you.

If you are interested in free newsletter, please subscribe to http://www.getawaysuccess.com/

Lynn Yeo trades Forex for a living.


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FOREX Best Selling Trading Robot - Trades 3 Pairs of Currencies, online 24 hours a day with the same system the Pros use to scalp the market.  Fully automated - No programming required - Plug & Trade. Make Money from home with No stress

FOREX Best
FOREX Best Selling Trading Robot - Trades 3 Pairs of Currencies, online 24 hours a day with the same system the Pros use to scalp the market.  Fully automated - No programming required - Plug & Trade. Make Money from home with No stress
by Smart FX Technology
Platform:   Windows
5.0 out of 5 stars(2)

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(Visit the Bestsellers in Investment Tools list for authoritative information on this product's current rank.)

Product Images


Review & Description

There is a lot of money to be made in currency trading.
Yet most traders lose money in the Forex market.

The reason is simple: human emotions get in the way of their strategies.
The mental battle between greed and fear is the killer.
"I sold too early" (fear), "the price reversed and turned my profits into losses" (greed), are some of the excuses traders have for losing their shirt, even though they "knew" better.

There is a better way:
Banks and Hedge Funds managers pocket huge profits using smart computer technology to trade currencies.
The key to long term profits is having a good strategy and sticking to it.
The Trading Robot executes all trades precisely according to plan, always cool headed, no exceptions. That's why it works!

Get your own Trading Robot to work FOR YOU, 24 hours a day!

SCALPING STRATEGY
When the price action is choppy and locked in a narrow range, the robot becomes very active, "scalping" small price movements.
Watching it make money is a thing of beauty!

Scalping is completely legal in the Forex market. And highly profitable!

The Master Scalper is ready to start trading in minutes. Just upload it and you are ready to go.
Our Setup-Video and complete Instructions Manual will teach you everything you need to know. You'll be trading like a pro in no time.

Trades profitably the 3 best "scalping" currency pairs: EUR/CHF, EUR/GBP, USD/JPY

Money-back Guarantee: If your account (Demo or Live) loses money at the end of 1 month, using the default settings, we will refund your full purchase price.

Smart FX Technology was founded by Frank Goodwin, a trading veteran with 25 years experience in the international markets.

We are proud to offer only trading robots that we use daily in our own Live accounts. When we win, you win.

We have a dedicated support staff to answer your questions 24 hours a day, to help you succeed! Read more


Find the best price Click Here

FOREX Best Selling Trading Robot - Trades 3 Pairs of Currency, online 24 hours a day with the same system the Pros use to scalp the market.  Fully automated - No programming required - Plug & Trade. Make Money from home with No stress

FOREX Best
FOREX Best Selling Trading Robot - Trades 3 Pairs of Currency, online 24 hours a day with the same system the Pros use to scalp the market.  Fully automated - No programming required - Plug & Trade. Make Money from home with No stress
by Smart FX Technology
Platform:   Windows
5.0 out of 5 stars(2)

1 used & new from $95.00

(Visit the Bestsellers in Investment Tools list for authoritative information on this product's current rank.)

Product Images


Review & Description

There is a lot of money to be made in currency trading.
Yet most traders lose money in the Forex market.

The reason is simple: human emotions get in the way of their strategies.
The mental battle between greed and fear is the killer.
"I sold too early" (fear), "the price reversed and turned my profits into losses" (greed), are some of the excuses traders have for losing their shirt, even though they "knew" better.

There is a better way:
Banks and Hedge Funds managers pocket huge profits using smart computer technology to trade currencies.
The key to long term profits is having a good strategy and sticking to it.
The Trading Robot executes all trades precisely according to plan, always cool headed, no exceptions. That's why it works!

Get your own Trading Robot to work FOR YOU, 24 hours a day!

SCALPING STRATEGY
When the price action is choppy and locked in a narrow range, the robot becomes very active, "scalping" small price movements.
Watching it make money is a thing of beauty!

Scalping is completely legal in the Forex market. And highly profitable!

The Master Scalper is ready to start trading in minutes. Just upload it and you are ready to go.
Our Setup-Video and complete Instructions Manual will teach you everything you need to know. You'll be trading like a pro in no time.

Trades profitably the 3 best "scalping" currency pairs: EUR/CHF, EUR/GBP, USD/JPY

Money-back Guarantee: If your account (Demo or Live) loses money at the end of 1 month, using the default settings, we will refund your full purchase price.

Smart FX Technology was founded by Frank Goodwin, a trading veteran with 25 years experience in the international markets.

We are proud to offer only trading robots that we use daily in our own Live accounts. When we win, you win.

We have a dedicated support staff to answer your questions 24 hours a day, to help you succeed! Read more


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Trading Discipline - Maximize Your Profits Starting Today

As a full time or part time trader, trading discipline is one of the main reasons you will either fail or succeed at this game.

It really comes down to your knowledge and skills but how you handle yourself in the best conditions and worst conditions. In all my years as a trader I have traded in many market environments. I have traded through the dot com boom and bust, and also the latest financial crisis in which the market crashed very badly and left many investors with large losses.

Trading discipline is not about making huge amounts of money. Any monkey can sit behind a keyboard and make money on the futures and global equities market. The real secret to trading is having a unique discipline that you can apply to your trading to ensure minimum risk and maximum gain. It is not how you react in the best of times, when you are making good profits. It is how you react when things go against you or you start losing money.

Do you sit there and take the hit? In your mind are you thinking to yourself 'dont worry it will come back' 'it will recover'? or do you just look away from the screen blindly and not even admit you are taking a major loss.

Major losses will come to those that do not use proper money management and throw simple trading discipline rules right out the window. Without proper trading discipline you are destined to fail from day one. You are probably thinking back to a bad trade you had recently and realise exactly what I am talking about.

In a recent survey conducted, 200 traders were asked why they suffered their most recent major loss.

Here were the three most common answers.

1) Lack of trading discipline I gave back all my profits to the market thinking I knew best.
2) Did not follow my trading plan and was unable to pull the trigger at the right time.
3) Was unable to convince myself I was wrong, I hate being wrong and thought I was right.

As you can see these three mistakes are quite common for a trader who lacks trading discipline.

People often tell us that if we want to make money on the stock market you just have to 'buy low' and then 'sell high' but there is much more to trading that this. What about the stuff left out in the middle. That is, having a good trading plan, being disciplined, and working in a stop loss strategies in case the market goes against you?. These are the most important elements to trading, if you want to survive and be in this game for the long haul.

Learn trading discipline and How We Predicted The 2008 Crash Before It Happened. Join Our FFT Trading Club & See Where You Should Be In The Market Next Week! Visit:- http://www.forecastfortomorrow.com/Trading-Club


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The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader (Wiley Trading)

The Forex Trading Course: A Self-Study Guide To Becoming a Successful Currency Trader (Wiley Trading)A pioneer in currency trading shares his vast knowledge

The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material. Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more. Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market.

Price: $60.00


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Understanding Forex Terms: A Glossary

Participating in the foreign exchange market (FX) involves trading currencies through a global market. Also called Forex, the market allows international investment and trade to occur among buyers and sellers throughout the different time zones in of the world. The terminology can be confusing for those unfamiliar with the practice and the process. This glossary of Forex terms gives a basic explanation of what they mean in this industry.

Foreign Exchange Market

The FX market is where currencies are traded. This is the largest, most liquid trading market in the world. Exchange markets for currency are made up of banks, commercial companies, investment companies, management firms, hedge funds and retail Forex brokers. The FX market is the largest financial market worldwide, and is therefore constructed by a global network of electronic communication that connects its participants to each other.

Broker

An FX broker, retail FX broker, or currency trading broker deals with a fraction of the volume of the overall foreign exchange market. These brokers have access to trading platforms through which they trade currencies on a regular basis.

Spot Rate

Spot Forex is the current exchange rate at which a currency pair can be bought or sold and it differs from the forward rate. The spot rate in this type of trading is the rate that is most commonly used by traders when trading with an online retail Forex broker.

FX Account

The type of trading account a person opens with a retail FX broker in order to trade. There are various accounts, but the initial one is often a Forex demo account. A demo account is used for training purposes, with no real losses or profit.

Market Hours

The hours during which trading takes place and market participants are able to buy, sell, exchange and speculate on currencies. The market is open 24 hours a day and five days a week. Due to the fact that the market operates in multiple time zones, trading can take place at any time.

Analysis

Forex analysis involves an examination of changes and trends in the FX market to be used by those trading to decide whether the purchase or sale of a currency pair would be appropriate. It is usually a technical analysis with the employment of charts, tools, economic indicators and current affairs.

Charts

These are charts which allow an FX trader to view historical currency exchange rates provided by Forex charting software. This software can be accessed usually for free when opening a new trading account.

Author is a freelance copywriter who writes about Forex trading and Forex broker. This material is considered a marketing communication and does not contain investment advice, an investment recommendation or an offer of or solicitation for any transactions in financial instruments.


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The FX Bootcamp Guide to Strategic and Tactical Forex Trading (Wiley Trading)

The FX Bootcamp Guide to Strategic and Tactical Forex Trading (Wiley Trading)A straightforward guide to trading today's dynamic Forex market

Written by Wayne McDonell, the Chief Currency Coach at FX Bootcamp, this book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive market strategy. Readers will then learn how to focus on using this information to create a tactical trading plan--one that will help them pull the trigger to get in and out of a trade. Along the way, McDonell takes the time to discuss the various challenges a Forex trader faces, such as greed, fear, loss, and isolation. As a Forex trader and educator of traders, Wayne McDonell knows what it takes to make it in the competitive world of Forex. And with FX Bootcamp's Guide to Strategic and Tactical Forex Trading he shows readers how.

Price: $70.00


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The Little Book of Currency Trading: How to Make Big Profits in the World of Forex (Little Books. Big Profits)

An accessible guide to trading the fast-moving foreign exchange market

The foreign exchange market, or forex, was once dominated by global banks, hedge funds, and multinational corporations, but that has all changed with Internet technology and the advent of online forex brokers. Now, hundreds of thousands of traders and investors around the world can participate in this profitable field.

Written by forex expert Kathy Lien, The Little Book of Currency Trading will show you how to effectively invest and trade in today's biggest market. Page by page, she describes the multitude of opportunities possible in the forex market, from short-term price swings to long-term trends, and details practical products that can help you achieve success, such as currency-based ETFs.

  • Explains the forces that drive currencies and provides strategies to profit from them
  • Reveals how you can use various currencies to reduce risk and take advantage of global trends
  • Examines financial vehicles that can help you make money without having to monitor the market every day

The Little Book of Currency Trading opens the world of currency trading and investing to anyone interested in entering this dynamic arena.

Q&A with Author Kathy Lien

Author Kathy Lien
What is the most effective way for investors to make money in the currency market?
The best way to make money in the currency market is to think of it as an investment. When most people see advertisements by forex brokers, their eyes start to widen on the offers of high leverage and the possibility of tremendous returns. It is attractive and almost irresistible. However, even though currencies can provide attractive returns, leverage is a sharp double-edged sword. High returns come with high risks, which can be suitable for some but not all investors. Currencies are a great asset class for people looking to diversify their portfolios. And throughout the year, currency values can increase or decrease anywhere between 5 to 25 percent. With U.S. Treasuries yielding next to nothing and our bank accounts earning only a few cents on the dollar, most of us would be satisfied with 5 percent, let alone 25 percent return. There is no need to use excessive leverage - taking it slow and easy increases the chance of seeing your account grow.

Over the past 10 years, the forex market has evolved significantly and competition has brought many benefits to new forex traders. Most forex brokers will offer free education and practice accounts, and new traders should take advantage of them because the most effective way of making money in the currency market is learning how the market works and to practice, practice, practice before dumping significant capital into a live account.

From a more practical perspective, there is no need for monogamy when it comes to trading currencies. Take the best of both worlds and combine both fundamental and technical analysis. The Little Book of Currency Trading will teach you how to identify the big stories affecting currencies and how to pinpoint places to enter and exit your trades. You may know more about currencies than you actually think. If you have ever traveled to another country or if you love to read about political or economic developments abroad, then you have already gotten a taste of what moves currencies. Start by trading what you know, and at the onset, bank your profits when you have them to build your confidence and your knowledge of how the currency market moves.

What indicators or economic data should investors monitor to identify a potential profit opportunity in the currency market?
News moves the markets and economic data is a consistent event risk that can provide daily trading opportunities by driving meaningful moves in a currency. However not all economic releases are equally important, and it is essential to be able to delineate between what will and will not move the currency. As a rule of thumb, put yourself into the shoes of a central bank -- whatever the central bank watches is typically what can move the currency because it can help determine whether the central bank will raise or lower interest rates. This includes employment, retail sales and inflation reports. The best trades are the ones that are also aligned with the current prevailing trend and sentiment in the foreign exchange, something that the Little Book will teach you how to do.

What is the learning process for an individual investor -- who already has experience trading stocks -- in the currency market?
Trade what you know. If you trade stocks using technical analysis, you can do the same in the currency market. In fact, technical analysis is one of the most popular ways to analyze currencies. It will be important to learn about the unique characteristics of the market, including round the clock trading and general trading mechanics. But after that, you can use Fibonacci retracements the same way you do in equities in currencies. For traders who love to follow developments in Europe or Asia -- once again, trade what you know. If you travel to London often and have a good idea of how the U.K. economy is doing, your outlook can be translated into a currency trade. The same is true for traders who have an opinion on whether the Eurozone will go bust due to their debt crisis. Currencies just offer another vehicle to express the views that as stock traders, you may already have.

Historically, the currency market often produces long-term trends that provide a great opportunity for profit. Do you think that will continue in the years ahead?
Currencies have been around for hundreds of years in one form or another and are little confidence measures of a country. If you believe that business cycles repeat themselves -- with expansion followed by contraction and contraction followed by expansion -- then the long term trends of currencies will continue to be evident because the optimism or pessimism of investors usually follows the business cycles of each country. The reason why currencies have had such strong trends in the past few decades is because in general, the outlook for a country gets progressively better or worse, and this dynamic is reflected in the value of the currency. Using a unique easy to understand tool, the Little Book will show you unique ways to join the trend and minimize the risk of chasing a move that quickly fades.

Price: $19.95


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Understanding FX Trading And Its Pitfalls

Forex Day Trading used to be the privileges of leading major banks and large finance corporations about a decade or so ago, until the United States passed laws and regulations and later opened up a total different level of opportunities to allow retail Forex Traders to be able to participate in this lucrative, yet high-risk investment. "Day Trading" in FX Trading is often plainly understood to be the opening and closing of a specific Forex trade, or order, in the same calendar day. This has essentially developed into one of the most effective Forex Trading Strategies and have already been implemented by countless successful Forex Traders since.

Although United States have now reduced the leveraging capacity that FX Trading retail brokers provide to their customers, it's still possible to get leverages of 500:1 and 100:1 with Forex Brokers from other countries such as United Kingdom or even Switzerland. With greater leveraging, it implies that FX Trading could possibly be a lot more financially rewarding than it has ever been, and therefore introduced an enormous possibility for great financial gains without demanding much initial capital investments. To illustrate, with a mere funding of $5000 and trading at 0.5 Ordinary Lot, common individuals undertaking FX Trading may now make an income of $250 should the Forex market progresses by a tiny fifty pips, or in other words, 0.5 cent movement of a currency pair. Despite the fact that massively leveraged FX Trading accounts could possibly amplify your earnings by several folds, Forex Traders need to take extra caution on the fact that while profit potentials might be large, the risk of rapidly losing your initial investment capital, too, accelerates proportionally with higher leveraging power.

To date, you could find an estimation, done by a prevalent Forex Community, that the overall quantity of traders taking part in FX Trading have grown by approximately 10 times since a decade ago. The global popularity of FX Trading amongst retail traders would also mean good business opportunities for lots of businesses involved in the supply chains - ranging from brokerages to internet marketers and so forth. Considering the fact that FX Trading is actually a zero-sum investment, meaning that an individual must bear a loss in order to allow another trader to make a profit. Having said that, have you ever wonder just how many Forex Traders are in fact producing consistent earnings? Based on a President of a popular Retail Broker, it is quoted that he would be in shock should more than 20% of the traders are earning profits within a particular trading day. That is just how poorly we, the non-institutional FX Traders, perform - for a couple of solid reasons, of course.

First of all, Retail FX traders, in contrast to Major Banks, don't get to enjoy the advantages of observing every news flash and international events that takes place 24/7. Hence, non-institutional FX traders are usually more prone to making less-informed decisions, which as a result, could lead to losing streaks and eventually, perhaps, destroys the self-confidence of these traders. Next, non-institutional FX traders commonly trade alone, or at best along with some Forex forums, which suggests these investors would have to keep track of the price action, the candlestick pattern build-ups, the international news, economical reports and so forth, and at the same time he is supposed to be able to make critical trading decisions in a split second. Although this may very well be carried out by a group of 10 Forex Experts readily, repeating this all by yourself would indeed have diminishing effects to your FX Trading regime.

Does that mean Retail Traders will need to master most of these challenging tasks so as to eventually begin making profits? Not at all! It's always advisable that ordinary FX traders should seek specialists for help. Genuine Forex Signals Services generally comprise of a group of Forex professionals, whom would subsequently watch the forex market thoroughly and hunting for profitable trades. Typically, all of the major components of FX Trading - ranging from international breaking news and economic reports to technical analyses and correlations within all major currency pairs, are extensively analyzed prior to committing into any trades.

If you are ready to take a plunge into FX Trading, you must really check out Forex Vice Forex Signals, a top recommendation of Anderson, as this would save you a lot of time and money that you might otherwise risked.


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The Quarters Theory: The Revolutionary New Foreign Currencies Trading Method (Wiley Trading)

The Quarters Theory: The Revolutionary New Foreign Currencies Trading Method (Wiley Trading)

An inside look at an innovative Forex trading system


The Quarters Theory improves and simplifies the decision-making process in foreign exchange trading through the use of a revolutionary new methodology applied to the price behavior of currency exchange rates and trend developments in the Forex market. This book provides currency traders with a step-by-step guide to the unique premise of the Quarters Theory and offers many real-life market examples, variations, and innovative Forex trading strategies. Ilian Yotov, a long-time Forex strategist, delivers a reliable new compass to help you navigate the complexities of daily fluctuations in the prices of currencies. His unique insights lead to consistently better trading decisions and help maximize your trading results.


  • The author's featured "Quarters Theory" method introduces a fresh new approach to foreign currency trading

  • Offers innovative trading techniques that combine the methodology of the Quarters Theory with fundamental and technical analysis.

  • Provides proprietary Forex strategies that investors and traders of all proficiency levels can use to reap significant returns

With The Quarters Theory as your guide, you will quickly gain that extra edge that will help you to make more profitable decisions in your Forex trading activities.

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Understanding Penny Stocks and the Pink Sheets

Firstly let's begin by understanding what exactly a Penny Stock is and how they are traded. They come up a lot when doing research about investing and advertising would have a new investor believe they have the potential to make someone a lot of money out of very little. In some cases, that can be true since they generally trade for under $5 with low market capitalization, but often times penny stocks, which are traded outside of the major market exchanges, are tricky to regulate and have a history of being wrought with fraud.

Are They Safe?
They are commonly regarded as highly speculative and high risk as a result of their lack of liquidity, large bid-ask spreads, small capitalization and the few disclosure requirements they are subject to. Some of these stocks have become more legitimate in recent years as a result of the new owner of the Pink Sheets. These stocks are usually traded on the Pink Sheets or the Over the Counter Bulletin. The Pink Sheets now require that the filings for these micro cap stocks be taken online where they are subject to greater accountability. Prior to this, records of penny stocks existed only on paper.

The name does not imply that a stock trades for 1 cent since there is some debate on what can be considered a penny stock. Some investors consider a selected stock trading for under $5 a penny stock while others believe the term refers to stocks trading for under $1. Typically these stocks are from tiny companies with speculative shares that is not required to file as exhausting disclosures, filings or meet as many regulatory standards as those trading on the more established exchanges.

The Pink Sheets was first established in the early part of the 20th century as the National Quotation Bureau, but now is known as OTC Markets Group. The company reported and published listings and quotes for tradable securities. The publications got their names from the color of paper they were printed on, both Yellow and Pink Sheets.

Technically, Pink Sheets is not an actual stock exchange, but a means for qualified independent brokers to exchange securities. Generally, it is now known as a platform to trade penny stocks, and other micro cap stocks, which is stock of public companies which have a market capitalization of roughly $300 million or less.

While most companies quoted by Pink Sheets do not file financial reports with the Securities and Exchange Commission SEC, the companies listed in the Pink Sheets OTCQX tier provide substantial disclosure to the marketplace, and are considered to be the top tier of the over-the-counter OTC market. The rest of the tiers, ranked from highest to lowest based on the amount of information they make available to the market, are as follows:
OTCQBCurrent InformationLimited InformationNo InformationCaveat Emptor

Blue Chips on OTCQX

While most companies quoted in the Pink Sheets tend to be small companies that trade at low volume, not all of them are penny stocks. Companies in the OTCQX and OTCQB tiers are worthy of investor consideration even though they are micro cap stocks, and include larger, well-known companies like Roche, Adidas, and Deutsche Telekom.

Pink Sheets Penny Stocks

Most of the companies below the "Current Information" tier of the Pink Sheets are generally penny stocks and micro cap stocks that do not meet the minimum listing requirements for trading on the major U.S. exchanges, might be close to bankruptcy and are typically seen as riskier investments.

In fact, micro cap stocks and penny stocks are notorious for their volatility. They can also be affected by price manipulation and it may be extremely difficult to liquidate bought positions of both penny stocks and micro cap stocks.

Investors, however, should not be turned off to the investment opportunities of the Pink Sheets, as there are many good companies to be found among the penny stocks and the micro cap stocks. Be aware, however, of scams, and do diligent research before buying.

Equities Editorial Desk
http://www.equities.com/


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What Are Fibonacci Price Projections?

A question that is common in the trading world. It is typically asked by trading participants of varying skills and proficiency. Usually it is asked because of their interest in potentially being able to forecast market behavior in advance. Sort of like having a Chrystal ball to the market

Well, without further ado, a Fibonacci Price Projection, also known as Fibonacci Price Extension is a mathematical formula that is applied to the price of an instrument utilizing established Fibonacci ratios for the purpose of forecasting a level that price is expected to react to at some point in the future. Phew. That was a mouth full!

In other words, Fibonacci Price Projection is methods by which a trader can determine a price level in the future where price is expected react to. This reaction can be of four types:

1) Stop and reverse: price is expected to reach the projected level before market forces reverse

2) Stop then continue: price is expected to reach the projected level before market forces are reinforced.

3) Continue then retest: price is expected to reach the price level after passing it.

4) Continue through: price level is expected to fail.

There are several types of Fibonacci Price Projections ranging from the simple to the most exotic, but for the purpose of this article and from a practicality point of view, I will only mention the most applicable projections. The most common Fibonacci Price Projections are:

1) Fibonacci Retracement

2) Fibonacci Expansion

3) Fibonacci Extension

4) Fibonacci Alternate (also known as Fibonacci Parallels)

Each of these expansions has its own unique set of Fibonacci ratios and formula. I have already written a detailed article outlining how to correctly calculate and apply each of these formulas entitled Fibonacci Price Projections: Correct Determination and Application so I won't go into that detail in this article, but I will mention a few important points

Each projection type is used for a specific purpose and failure to recognize that purpose will result in less than ideal outcome in your trading activity. So, what is the purpose of each formula? Well, let me tell you.

Fibonacci Retracement is mainly used to identify price support levels after price has been trending for a while. What is a while? Well, that will depend on your time frame and how you define a trend, but the important part is that you would use Fibonacci Retracement when you have a reason to believe that price has been moving in one direction and is expected to reverse direction. Once you make that determination then you can apply Fibonacci Retracement formula to forecast potential limits to that reversing move before price starts to continue its previous heading.

Fibonacci Expansion, Extension and Alternate serve the same purpose and that is to forecast the potential price level that a trend will end at before weakening or reversing.

Thus, when using Fibonacci Price Projections in complement to each other, you are essentially forecasting future support and resistance levels where each gives you a different piece of information. Fibonacci Expansion, Extension and Alternate will tell you how far the market will go when a trend is established, while Fibonacci Retracement will tell you how far the market will retrace before continuing with the previous trend.

There you have it, a simply, but hopefully informative, mini article on what Fibonacci Price Projections are.

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What Is a Day Trader?

A day trader is someone who buys and sells stocks, options, or other financial instruments in a short time frame-typically within the same trading session-using trading patterns and other types of technical analysis to determine profitable strategies. The goal for this type of stock trader is to generate a consistent return based on successful trading strategies. By nature, the investment strategies used by day traders differentiate them from investors, who usually utilize strategies with much longer time horizons.

Day Trading for Profit

As opposed to another type of short-term stock trader and investors, fundamental analysis isn't used all that much by day traders. Their time frame is simply too short. Instead, day traders analyze trading patterns and other technical indicators to judge where a stock's price is going, and try to capitalize on them. For example, trading patterns and indicators like a "head and shoulders," "flag," "support level," and "resistance level" are used by traders to determine the direction of stock prices. Unlike investors, a day trader may buy and hold their stocks anywhere from just hours, minutes, and, in some cases, even only seconds before selling their shares to capture a profit or realize a loss.

There are also different types of day traders too.

Institutional: These traders typically work for investment firms, meaning they have more resources at their disposal but also means that they aren't entitled to all of their trading profits.
Retail: Self-directed traders that trade with their own capital, and usually have limited resources. Retail traders can operate from anywhere that has access to their accounts.
Proprietary: Prop shop traders trade in groups in a single location with resources provided from their proprietary trading firms. They typically trade out of the firm's account.
Quantitative: Also known as quant trading or blackbox trading, these types of traders rely on algorithms that usually trigger pre-programmed buying and selling points.

Pros and Cons

Day Traders generally pay more in commissions and brokerage fees due to the high trading volume of their strategies. There is also a high level of risk associated with day trading due to its nature of timing the behavior of stock or asset prices. As such, the Securities and Exchange Commission has established what is known as the Pattern Day Trader Rule, which requires any trader who executes four or more same-day trades within five business days to have at least $25,000 of equity in their account. In addition, they are also taxed differently than regular investors, but are eligible for certain deductions as well.


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What Is Day Trading Shares?

If you have the capability to analyze data, if you are able to make some tough decisions and if you have the appetite for risk then the stock market holds a number of golden opportunities that can be availed of and enjoyed upon. Day trading shares are one of the open options that the stock market provides you. Day trading shares are considered to be the most actively traded shares.

The trading volumes and the ups or downs of these shares give us an approximate idea as to where the market trading index would head for that particular day. It is very important to understand that such day trading shares are also the stock options that are not completely reliable. There are a number of key factors that need to be taken into consideration while dealing in day trading shares. These factors range from understanding the moving price of the stock, the support levels that the stock can have should it start to fall or even the extent to which it can rise or fall should a variation exist. One of the key aspects that one should understand about day trading shares is the fact that these are the stocks that are sometimes the most lucrative and sometimes that most troubling as well. On most occasions day trading shares usually possess a high volume trading scenario.

The extent to which one can take the risk of getting involved in day trading shares also determines the loss or profit that can be accounted for that particular day. One of the major and key attributes that one should be looked at while selecting prime day trading shares is if they are liquid stocks. Liquid stocks are those shares which have high average volume traded in the trading indices. This aspect of the shares helps you decide to buy shares in sufficient quantities without making any huge investments and at the same time also be in a position to sell the stocks without incurring a huge loss.

Another very important aspect of reliable daytrading is the fact that its price should move up or down depending on the sector it belongs to. Any stock that isolates itself from the trend that its sector is displaying or performing would not be an ideal pick because one has to understand that such highs and lows in individual stocks can only happen when their information is only accessible to a certain group of individuals or institutions who do the buying. Once that information is out and it becomes public the assessment of the impact of these decisions can either continue to have a positive impact or negative impact on the stock price.

Day trading shares should be cited to be bought during the first hour of trading. This enables the trader to be able to make the decision as to the limit he or she expects the price of the stock to reach and at the same time give an opportunity to decide the price of exit for the stock as well.

Join us in this unique environment where you get daily expert advice from professional day traders and a community of learners and teachers, supporters and facilitators. Visit:- http://www.forecastfortomorrow.com/Trading-Club


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What Is EBITDA?

EBITDA, which is often incorrectly confused with pretax earnings, is a measurement of a company's earnings before interest, taxes, depreciation and amortization. This metric is often used by investors and brokers to select what they believe will be profitable stocks. By considering pretax earnings, and removing the other elements to reach EBITDA, profitable stocks may be chosen by making more accurate comparisons between competing companies.

Using EBITDA to Compare Stocks

One of the issues when comparing profitable stocks without using pretax earnings or EBITDA is that different companies may have different tax structures. EBITDA goes a step further than simple pretax earnings by removing other elements that may differ across companies, like capital structure, equipment leasing choices and others.

The idea is to get a more pure view of which companies will have profitable stocks by making comparisons in metrics that are more comparable. For example, if one were to only consider pretax earnings, equipment-intensive businesses might appear to have more profitable stocks because of large depreciation numbers. EBITDA removes this consideration.

Likewise, companies that carry large amounts of debt may appear to have less profitable stocks if only pretax earnings are used because of the high amount of interest that they must pay. Again, EBITDA removes this difference and allows for a more direct comparison to be made.

EBITDA Stock Analysis Shortcomings

When searching for profitable stocks, whether one uses pretax earnings, EBITDA, or some other metric, it is important to recognize the importance of the figures being excluded. Pretax earnings may be a more consistent comparison, but a company's tax rate does affect its profitability. Profitable companies are likely to have profitable stocks, so it important to not blindly exclude material information from one's analysis. This is particularly important when comparing companies from different industries.

Using metrics like EBITDA may hide important differences in different companies' operations that may have a dramatic impact on the performance of the respective stocks. These metrics are a useful tool as long as they are used correctly.

There are a lot of factors when it comes to figuring out stock prices. For the most part, you can calculate the price of a stock by taking the company's market capitalization and dividing it by its total outstanding shares. A share is equal to one unit of a company's stock, so the price of shares is the same as the price of stock.

Basic Elements of Share Price: Market Cap - This is the total market value of the company.

Total Outstanding Shares - This is the total amount of public shares issued by the company.

PE Ratio - This stands for price to earnings ratio. You get this number by taking the price of stock divided by the companies earnings for the most recent quarter.

Price of Shares and the Stock Market

The price of shares fluctuates as supply and demand change. To keep markets liquid and moving there is what's called "Market Makers", they affect the price of shares by buying and selling for their own accounts.

These are generally large brokerage houses that move the price of stock based on their portfolio of stocks and market demand. The share price, or price of stock, moves on a minute by minute basis. Consider the market maker as a middle man, they balance the market which moves the price of shares.

You will see the price of stock move quickly when several market makers are bidding for it. Sometimes millions of shares exchange hands in minutes and the price of shares hardly moves. This is called block trading between brokerage houses.

Stock Price Movement

The price of shares is ultimately a function of what people are willing to pay for those shares. Even though the fundamentals of a stock don't justify the share price, in the short run it doesn't matter. If the market thinks the price of stock is worth more, then the share price will be out of balance to the underlying company financials.

Prices of shares, over the long run, always seem to balance out. This is especially true with blue chip stocks , they tend to hold there share price better because of high institutional holdings.

The price of stock can fluctuate based on news. Many times the news is not as bad as first thought, then the share price will return to normal.

So as you can see the price of stock goes beyond just the fundamentals. It's a perception of future value or perceived value. This is the reason many people buy mutual funds and keep them as an investment for years. This way the price of shares or share price don't matter to them in the short run.

Equities.com Editorial Desk


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What Is Forex Harmonic Trading?

If you're like most Forex traders, you're probably not making consistent money yet. You've also probably spent hours and hours looking for the best system, or even any system that will produce consistent profits.

And if you're like most Forex traders, you've probably seen a large variety of "systems" out there, but you've realized that many of them are very vague: while they give concepts, they don't give specifics. You've read the details over and over again but you can't find concrete rules for exactly when you're supposed to enter and exit, and as a result, most of your trades end up losing money. In fact, you may even suspect that the systems were deliberately vague on purpose so that their creators can hold no accountability.

Thus, your search continues...

Consider harmonic trading. Harmonic trading is substantially different from most of the Forex systems you have encountered. For starters, harmonic trading doesn't rely on indicators. Surely you've encountered dozens of systems that use a combination of indicators or even some proprietary indicators, and you know by now that they don't work because they're just derivatives of price and really have nothing to do with price itself.

Harmonic trading looks at patterns that price is making, and based on historical instances of those patterns, produces a likely future scenario for the instrument you are trading. In other words, harmonic patterns reveal when you have the best chances of making a profit by going long or short, because in the past when price set up the same type of pattern, price moved the same way.

The nature of harmonic trading results in exact entry and exit signals. There is no vagueness or wondering what you should do. This alone will be a welcome change to most Forex traders who are tired of getting confusing signals from their old systems.

Harmonic trading can also be programmed into an auto trader (sometimes called an "Expert Advisor" program). Auto traders analyze Forex charts in real time and give you specific entry and exit signals. In fact, auto traders can even be programmed to take trades for you so that you don't have to stare at your charts 24/7.

So once again, harmonic trading is something you should look into if you:

- prefer preciseness and exact buy and sell signals as opposed to vague concepts
- don't like indicators
- are looking for something new that most people have not even heard of before

To learn more about a Harmonic auto trader please visit this link!


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What Kills Day Trading (or Night Trading) Emini Futures? The G-Word

Ever see the movie, the Untouchables? It's about a government agent, Eliot Ness who, along with his band of G-men (Government men), fights gangsters (like Al Capone) during prohibition. There are great shots in the film, guys hanging from moving cars, holding onto swinging doors while they shoot up restaurants with Tommy guns. Today we have our own Untouchables. We've replaced Tommy guns for computers and trading platforms. We sit in chairs instead of swinging from moving cars. And the killing, well, we've traded in the G-men for the G-word: Greed.

What is greed? Wikipedia defines greed as "an excessive desire to possess wealth or goods with the intention to keep it for one's self." Probably the operative word here is "excessive". To investors day trading or night trading, the G-word may as well be 4 letters.

Lets look at how insane greed can be as it affects futures trading, especially emini futures. Emini futures, just like stocks, trade in price fluctuations, but with futures, price fluctuations are known as ticks. In the world of stocks, one price fluctuation is 1 penny. Generally, 1 tick, 1 price fluctuation, pays out about $12.50...that's correct 1 tick. Futures trade in contracts not shares. Investors can easily find futures brokers who allow you to trade for $500 per contract. Stocks trade in multiples of 100 shares. Stocks that have enough volatility to day trade start anywhere from $25/share to $75/share and more. Even on the low end, realistically, you need $2500. Then when your 100 shares move 1 penny, you make $1.00. But compare that to trading with emini's. For $2500, you can trade 5 contracts. For each tick movement, you make $60. So it's a 60 to 1 ratio, perhaps a bit less, given that the commission for trading futures is a bit higher than stock trading, so call it 50 to 1 ratio.

Want to make $200 a day....make 5 ticks. Watch this. 5 ticks X $12.50 = $62.50 x 5 contracts ($2500) = $312.50. Now take off $25 for commission and say $50 for losses = $235 (give or take). $235/day x 20 days a month is a nice $4,500 a month, or just over $50,000 a year. Futures are unique when it comes to taxes. They were originally designed for farmers. Over the years, farmers ended up with some very sweet IRS deductions, called the 60/40 split. When you trade futures, 60% of the capital gains is considered long term and 40% is considered short term. At the end of the year, your futures broker sends you a one-liner, a net price, of the amount of wins or losses. It is not itemized by transaction. Since it is a net figure, the IRS can't tell if you are a farmer or a speculator trading crude oil futures. So everyone enjoys the 60/40 split. For taxes, that puts you in about a 20% tax bracket. Since you are trading and that is your business, you can deduct business expenses from that figure (part of your house, your phone, internet, computer, car, etc.) lowering that tax rate to more like 15%. So 15% of $50,000 gives you around $42,000 spendable a year.

Lets compare that with working 8 hours a day at a job. To make $42,000 a year, first of all your job needs to be paying you about $45 / hour. Why? Most Americans pay an overall tax rate (Federal, State, Local, and Withholding) of about 40%. If you make $45 / hour and say work 2,000 hours a year, that comes to $90,000. Take off $36,000 in taxes, so now you're at $54,000. In order to work, you have commute expenses to deal with. With the price of gas and oil, if you drive 20 miles a day, we'll there is 1 gallon, so call it $5/day or $100/month, so there goes $1200 just to commute. You've got wear and tear on your car, so that will cost another $1000 a year. With a $90,000 a year job, chances are you can't be driving some clunker, so that will cost you another $300 a month, so lets take $3500. While at work, you're probably going to have to eat out, add another, conservatively $5/day (coffee and sandwich), another $1200. And of course you need clothes, unless you are fortunate to work in a place that allows you to work in jeans. Add another $1000 for that. All in all, say that's $8000 and that's on the low end, assuming you only use 1 gallon a day, eat cheaply, and buy simple suits. To be on the safe side, say 10k. So for working 8 hours a day, you net around $44,000 spendable.

Of course, something must be wrong with this calculation, because the average median income in America is not $90,000. It is more in the range of $50,000, more like $25/hour, grossing $200 per day, not spendable.

$200 / day spendable is a lot of money. That puts you WAY above normal by about 35%. Just $200 / day. And here's the best part, to make your 5 ticks, $200 / day, it doesn't take 8 hours, working bell to bell. You can make those ticks in as little as 15 minutes of trading a day, on the high side, maybe an hour and a half. There is no commuting, no wear and tear on your body, no boss, no clients or customers, no specific time you need to be in the office, etc.

So why are Emini Futures killing investors who are day trading or night trading? Because of the illusive G-word....Greed. We have all seen extreme damages that greed can cause. In 2008, larger brokerages created collateralized debt obligations, packaging and repackaging mortgages until they were trading nothing but air, sending the entire world into financial collapse from which we are still not recovered (job wise or housing wise). The problem for day traders and night traders is not that you can't make 5 ticks, it is that you can't stop after you have made them. If you can make $200 in 15 minutes, you tell yourself, well, then I can make $400 in 30 minutes, $600 in an hour, etc. etc. etc. Maybe you can and maybe you can't. The longer you trade, the more mistakes you are bound to have. People say...I am trading in a zone, I can do no wrong today, and boom...loss. Why? There seems to be a direct relationship between the number of wins and the degree of cockiness: the more wins, the more cocky traders become, the more they trade without their own rules and by the seat of their pants.

Investors who are day trading or night trading beware, lest the swinging doors and Tommy guns get you! By the way, while writing this article, I did one trade, made $300 in 43 seconds, and now I am ready to trade again.

Barbara Cohen CIO, Shadowtraders, and professional day trader, specializes in teaching students how they can be trading futures with their own trading system and trading strategies. Ms. Cohen has helped hundreds of traders achieve their goals trading. Find out if trading futures is for you by attending one of Ms. Cohen's Free Webinars. Check out my Futures Trading Articles. For more information, send an email to shadowsupport@shadowtraders.com or call 866-617-2037 today.

Barbara Cohen CIO, http://www.shadowtraders.com/, and professional day trader, specializes in teaching students how they can be trading futures with their own trading system and trading strategies. Ms. Cohen has helped hundreds of traders achieve their goals trading. Find out if trading futures is for you by attending one of Ms. Cohen's Free Webinars.. For more information, call 866-617-2037 today.


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Microsoft Money Small Business 2005 [Old Version]

Microsoft Money
Microsoft Money Small Business 2005 [Old Version]
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Review & Description

Microsoft Money 2005 Small Business is the comprehensive finance solution for small companies. It makes managing your finances easy so you can spend more time with your customers.* Categorize income and expenses Money automatically categorizes all your business and personal transactions so you can see exactly where your money goes.* Get expert advice The Business Resource Center puts the latest news and useful articles at your fingertips; Business Reports provide a snapshot of your business finances.* Handle billing effortlessly Money makes it easy to keep track of customers stay on top of accounts payable and receivable and create professional-looking invoices.* Simplify taxes Keep up with taxable expenses automatically link categories to your Schedule C report and find hidden deductions.* Includes free financial services One year of online payroll from PayCycle plus all free financial services included in Money 2005 Premium (Experian GainsKeeper and H&R Block). REQUIREMENTS- Multimedia PC with Pentium 166 or faster processor (or compatible); Pentium II 266 (or compatible) processor required for Windows XP (Pentium II 300 recommended).Windows XP: 64 MB of RAM (128 MB recommended); Windows 2000 or Windows 98 SE: 32 MB of RAM (64 MB recommended).130 MB of available hard-disk space plus 60 MB for Internet Explorer 6 SP1 (if not already installed) plus an additional 200 MB while installing product updates.2x or faster CD-ROM drive Super VGA color monitor with minimum 256 colors capable of displaying 800 x 600 resolution 16-bit color recommended.Windows XP Windows 2000 SP3 or later or Windows 98 SE or later.Most online features require Microsoft .NET Passport; for more information see the Microsoft Money 2005 Internet-based services policy.Super VGA graphics card or compatible video graphics adapter.Microsoft mouse or compatible pointing device.28.8 Kbps or faster modem; Internet functionality requires an Internet Service Provider (ISP); local and long distanc... Read more


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When Are Day Trading Taxes Applicable?

People look at the working of the stock markets and say that it is a wonderful world as it is capable of making you rich overnight. It is just a matter of putting your money at the right place and the right time and also being able to pull out of the stock market at the right time. However, that is not the end of the story. You have the taxes that help the government to make money as well.

So, you end up paying taxes every time you book a profit. You also have to take into consideration that the day trading taxes is the most effective way for the government to get its tax returns. However, if you are going to be able to buy and sell the stocks on the same day then the tax on what is called as capital gains is not applicable. The volatility that is displayed by majority of the day trading shares makes the tax applicability really challenging to assess sometimes and you should be able to make up for lost ground. Day trading taxes can either be short term capital gain taxes or long term capital gain taxes.

Different countries follow different trading tax plans. Certain countries like Brazil have a tax of 15% while at the same time you have countries like Belize which do not have any tax implication at all on capital gains. Canada can be termed as one of the countries with high day trading taxes. It imposes close to 50% of the total capital gains as taxes. Some booming economies like China impose a day trading tax range of 25% if you are a resident and up to 15% if you are not a resident of China. However, it is also to be understood that there are different taxation legislations in different countries as to what can be considered taxable income for share trading. For example in the US, if you hold any stock option for more than a year, it is mandatory to pay the day trading taxes.

There are a number of methods and means that certain countries have come up with to ensure that you can defer the paying of these day trading taxes. Take for example the United States of America. You would need to pay tax only for the profit that you have made from any capital investments. So, if you have made a profit of $5,000, you need to pay tax only on that amount although you might have a higher amount invested.

So, taking this into consideration, many investors and traders sell all those stock options which they think that will not be able to make profits thereby ensuring that they do not have to pay any day trading taxes. Another way out is by diverting the capital gain funds to some form of charity. In this way it does not have to come under the purview of day trading taxes.

Day trading taxes bring about a stronger control to ensure misuse of funds and profits that any stock market is generating.

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Why Do Day-Traders Fail?

It is estimated that 97% of new day traders will fail. That means if you are just starting out, the odds are not in your favor. Even still, the profit potential is so great that people are willing to bet against those odds. So why is it that so many day traders fail? I have 3 words for you. Lack of knowledge. Too many newbies jump in head first without taking the time to learn the ins and outs of the day trading business.

By taking the time to learn the intricacies of day trading you will be pushing yourself closer to the 3% who actually succeed and make a nice profit in the process. Though very risky, day trading can also be very rewarding for those who have the proper knowledge and the proper mindset.

When you are first starting out you will hear of two trading styles. Technical and fundamental. Technical is the way you want to go. With technical analysis you will be able to look at historic price data that will help you better predict that movement of the market. Most successful day traders have an in depth understanding of technical analysis.

They also have exceptional money management skills. As a day trader you will manage money. And how well you manage that money will determine your success. That's why you must understand things such as stop losses and puts. Knowing how to use these options will help you protect your profits.

All in all, day trading is a very rewarding business to get into. The amount of money that you can make is unbelievable. But only if you take the time to educate yourself first. Otherwise you will end up like the 97% who never make a dime.

If at all possible, consider getting a mentor. Having a mentor will shorten the learning curve and help you get a better understanding of how the markets work. You should also attend a few trading exhibitions if you can.

All of these things will work together to speed up the learning process. I would also encourage you to start off trading with a practice account. This way you can experience day trading live and in action without losing any money. And then, once you get your confidence up and your feel more comfortable with a few trading styles, you can start using real money to make trades.

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Why Do So Many Day Traders Fail Miserably?

When it comes to the deep dark world of trading stocks, there are many scary statistics that get thrown in your face. The latest one I have heard is that 98% of all day traders fail to make any money on the stock market. While those figures are astronomical. I would not be surprised if they were actually true.

Over the years I have interviewed many different sorts of traders, at different levels. The one thing i did notice, is that there was only a select few who were making their living from day trading. Meaning that was their only source of income, they did not have a 9-5 job.

It was real proof to me that this whole day trading thing is a lot harder than people think. A lot of people try their hand, and are not prepared and then they have to face the consequence. Most of the time a newbie trader will come into this high risk world with dollar signs in their eyes and think about how much money they can make, without pausing and thinking about the risks involved and how they can manage those risks or have a backup plan for when things or the market goes against them.

If you go into the market from day one thinking you are going to get rich, you have already lost your account in my eye. Even if you happen to capture a big profitable trade on your first go, this mindset will soon be your greatest downfall.

Even the professional traders, who sit at their computer and take hours to study and analyse charts and manage big accounts get it wrong from time to time. So how can a newbie to this game expect to make gigantic piles of money from day one. That is almost impossible.

The truth is that to become a highly successful trader, you must spend time with the market. It takes years to see pattern and time things properly. But success really comes to those with a proper money management in place and those can can learn to control their emotions.

It is the psychological aspect to trading that is normally seals the fate of those trying their hand at this game. What can take years to profit can be gone within a few days. There really is no magic pill that you can take to ensure you will make big money day trading stocks. It takes time, hard work and daily dedication in something you believe in for it to work. That will ensure you yourself do not become a statistic and end up in the failure pile destined for the scrapheap.

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Why Is the Failure Rate So High Among Day Traders?

If you ever want to impress a potential new friend, it's generally not a good idea to tell them that you are a day trader. Over the years, day trading has been associated with well-intentioned individuals losing their life savings, jumping out of skyscraper windows, and going insane. While I cannot make any particular judgments about my own sanity, I have yet to lose my life savings or jump out of a skyscraper window. Yet the fact remains there is a tremendous amount of failure in the day trading business. Of course, this begs the question; why do so many day traders fail?

There are a variety of reasons day traders experience such a high rate of failure; some are very correctable, and others cannot be helped. Whenever I look over a chart that I have traded, I often ask myself why I did not take this trade, or that trade; it all looks very easy in retrospect, yet it is not as easy to initiate trades as the market progresses throughout the trading session.

Some of the most prominent and important reasons for failure are:

• Lack of preparation to trade. Trading is a full-time job and a trader must be aware of a wide variety of variables occurring on a global scale.

• Lack of proper trading technique. I suppose this is the most prevalent problem in trading today.

• Trading the wrong equity instrument. Some equity has tremendous begs to be day traded, while others are very difficult to day trade.

I begin trading in my own personal trading room at 6:15 AM, and I have usually been up for 45 minutes or so studying the overseas markets, the overnight markets, and a few predictive reports to which I subscribe. On the other hand, the majority of the traders in my room show up 5 minutes before the market opens without the slightest idea of what has occurred overnight and no idea about what the day's trading action may hold. Now you could argue that sense I am the moderator in a trading room it is my job to stay on top of the day's action; but it is my belief that trading rooms are good places to learn to trade and then move on. I would hate to consider myself a permanent member of any trading room rather than a well trained trader who is fully capable of placing trades without advice. My point is simple; to be a good trader you have to put in daily preparation before you begin trading.

By far and away the greatest deficiency I see in new traders, or traders who are struggling with their profitability, is a lack of proper trading technique. It's difficult to place blame on any certain cause in this dilemma, because I see trading systems that have been taught that are substandard and really have no chance for the trader to earn a consistent income. On the other hand, it is not uncommon to see traders who have taken a quality course but not put the time in to thoroughly understand and implement the principles of the course. In both instances, regardless of the cause, the new trader is destined to fail. From my standpoint, learning proper trading technique and being able to implement that technique is the cornerstone of consistent and profitable trading. Unfortunately, I have met very few new traders who have put the time and effort into learning a system well enough to implement it properly.

Finally, I see new traders trading a variety of equity instruments that are downright impossible for an inexperienced trader to master. I suggest learning to day trade on the e-mini's. But even on the e-mini's, most no students want to begin with the ES contract, which is (in my opinion) is extremely difficult to trade without a good deal of experience. On the other hand, there are a wide variety of lesser contracts with a great deal of liquidity that are far more forgiving than the ES contract. Just the same, the new traders that come to my trading room or training course have typically been failing on the ES contract. I asked them why they are trading such a difficult contract. The answers range from nebulous to an "I don't know." It is best to start your day trading experience on a contract that is forgiving and will allow you to learn at a low cost, and I stress this fact in my training.

In summary we have identified three basic areas where new traders tend to fail. I find most traders are poorly prepared, on a daily basis, to tackle the rigors of the Chicago Mercantile exchange. We have also noted that a large number of traders do not possess the prerequisite skills to ever trade effectively and must go through some retraining before they will be profitable. And finally, there is a good number of traders who simply trade the wrong instrument. Find a system, master it, and trade the right contract. That's the equation for success.

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Why Would I Need A Spread Betting Account?

Spread betting is the most recent trading method for active stock market investors. A spread betting account is necessary if you want to try and make profits from the current market trends, and it's not just about starting out successfully, it's equally important to stay successful as well.

Unlike conventional betting, spread betting is much more flexible and hence can be far more profitable for the bidder. A spread betting account must be able to offer the lowest spread and at the same time be able to fill in the orders quickly at a fairly reasonable price to help you get the best from the markets. In conventional betting, there are only two possible outcomes: win or lose, whereas in spread betting, an outcome of every event is considered, hence there may be profit or loss after the occurrence of every event on which your spread is based. You can close orders before they reach any set target prices allowing you reduce risk and exposure to the markets.

A spread betting account requires careful selection, it would be foolish just to pick the first provider you find as there are many offering various features which can aid your trading. The one you choose may differ according to your strategies which you require for your type of trading. A trading account that can set your stop loss before you start trading is absolutely necessary. It is important because after you enter into trade and then a stop loss is set, it may result in danger, because when it comes to betting on the markets, time and speed mean money lost or gained.

This type of trading may initially sound a tad complicated for those who have just started, it is in fact easier to implement than other forms of trading, as minimal capital investment is the attraction of it and the reason why many new investors and traders use this method when they first start out. Getting an account has several more advantages such as the financial benefits i.e. there is no tax duty or stamp duty involved in this type of trading system if you are UK based. This is one of the many reasons why the use of this type of trading has been on the rise in recent times.

The diversity in its applications, and its apparent flexibility in its usage makes the need for a spread betting account an important one!

Find further information about a spread betting account and the many tax benefits by using one if you are a UK resident.


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