Nov
30
How to Short sell stocks online with a discount online brokerage?
Filed Under Investing | 2 Comments
WorkingDogDude
I am new to stocks overall. I would like to know how can I short sell stocks online with a discount online brokerage such as Etrade, TDameritrade, charlesshwab, etc. It is even possible to short sell stocks online with a discount brokerage or will I have to contact individual brokerages?
I am new to stocks overall. I would like to know how can I short sell stocks online with a discount online brokerage such as Etrade, TDameritrade, charlesshwab, etc. It is even possible to short sell stocks online with a discount brokerage or will I have to contact individual brokerages?
Nov
22
recycle b
I am sick and tired of seeing my stock portfolio sometimes decreasing a few thousand dollars in one day. I am always looking for new stock investments. Which large corporate stocks are still available that have always made a profit and still have profit growth, have a low PE ratio, pay a dividend that will not be cut, have little or no debt on their balance sheet, and will be safe in this bad economy that we are facing. Provide the ticker symbols of these stocks and the reasons why the stock of these companies should be purchased.
I am sick and tired of seeing my stock portfolio sometimes decreasing a few thousand dollars in one day. I am always looking for new stock investments. Which large corporate stocks are still available that have always made a profit and still have profit growth, have a low PE ratio, pay a dividend that will not be cut, have little or no debt on their balance sheet, and will be safe in this bad economy that we are facing. Provide the ticker symbols of these stocks and the reasons why the stock of these companies should be purchased.
Nov
22
Government Grants for Day Care
Filed Under Trading Newsletter System Selects 9 Stocks For Weekly List TIVU, EIGH,KBLB | Leave a Comment
Hanri Parker
Every year the United States government awards billions of dollars in free grant money for an many different purposes, including real estate purchases, education, scientific research, and the establishment of new businesses or the development of existing ones. Child Day Care centers are rewarded quite a bit of money; it is beneficial for any day care center to research what federal grants are available to their business.
The government is particularly interested in offering free grant money to child day care centers because they contribute positively to the economy by allowing many single mothers to work. The government may also awards free grant money to single mothers to offer assistance with the cost of day care for their children. This is an individual grant, but the purpose here is to illustrate how much the government supports day care centers. The government wants very much to help single mothers join the work force while also creating more jobs for day care workers.
For those interested in finding financing to establish a new day care center government grants are a viable option. A huge benefit of a obtaining a government grants for your business is that this type of grant does not need to be repaid. In fact, the government is the only source who can offer absolutely free grant money for businesses.
To find the appropriate business grants, you will need to research the aims of the different government agencies to find a grant that is specific to your needs. Because there are so many agencies and grant programs, the process can seem overwhelming at first. With time, patience, and persistence, most anyone can find the free grant money they need to start their child day care center. There are multiple resources available that can organize your search. Once you find the government grant that is specific to the needs of your day care center, you can request an application package.
It’s important to read thoroughly through your grant application packages. You will want to know as much as possible about the grants for which you are applying. This will determine your approach to conveying the information on your application. It is essential that provide all the required information, as well as a very specific explanation of how you plan to utilize the grant money. You should effectively express why you think your day care center will improve your community. You need to illustrate to the government agency how your business will support their goals.
To ensure your success, apply for as many grants as you can. There is no limit to the number of grants for which you can apply and be approved for. If you are denied for any grants, don’t despair. With all of the government grant money available, you are bound to find the money you need. If you continue to do your research exploring several free grant options and applying to as many as you can professionally with determination and a solid plan, it’s very likely that you will achieve government grant money to start your day care center. This is a business that will never go out of business and keeps everyone working. When considering starting a business using free grant money, day care centers may be one of the most likely to be approved.
Every year the United States government awards billions of dollars in free grant money for an many different purposes, including real estate purchases, education, scientific research, and the establishment of new businesses or the development of existing ones. Child Day Care centers are rewarded quite a bit of money; it is beneficial for any day care center to research what federal grants are available to their business.
The government is particularly interested in offering free grant money to child day care centers because they contribute positively to the economy by allowing many single mothers to work. The government may also awards free grant money to single mothers to offer assistance with the cost of day care for their children. This is an individual grant, but the purpose here is to illustrate how much the government supports day care centers. The government wants very much to help single mothers join the work force while also creating more jobs for day care workers.
For those interested in finding financing to establish a new day care center government grants are a viable option. A huge benefit of a obtaining a government grants for your business is that this type of grant does not need to be repaid. In fact, the government is the only source who can offer absolutely free grant money for businesses.
To find the appropriate business grants, you will need to research the aims of the different government agencies to find a grant that is specific to your needs. Because there are so many agencies and grant programs, the process can seem overwhelming at first. With time, patience, and persistence, most anyone can find the free grant money they need to start their child day care center. There are multiple resources available that can organize your search. Once you find the government grant that is specific to the needs of your day care center, you can request an application package.
It’s important to read thoroughly through your grant application packages. You will want to know as much as possible about the grants for which you are applying. This will determine your approach to conveying the information on your application. It is essential that provide all the required information, as well as a very specific explanation of how you plan to utilize the grant money. You should effectively express why you think your day care center will improve your community. You need to illustrate to the government agency how your business will support their goals.
To ensure your success, apply for as many grants as you can. There is no limit to the number of grants for which you can apply and be approved for. If you are denied for any grants, don’t despair. With all of the government grant money available, you are bound to find the money you need. If you continue to do your research exploring several free grant options and applying to as many as you can professionally with determination and a solid plan, it’s very likely that you will achieve government grant money to start your day care center. This is a business that will never go out of business and keeps everyone working. When considering starting a business using free grant money, day care centers may be one of the most likely to be approved.
Nov
18
Day Trading Rules and Regulations
Filed Under Investing | Leave a Comment
Robert Joiner
It is one of the first, confusing facts for the neophyte trader. Day trading rules and regulations.
Let’s say Bill wants to start trading stocks. He opens an account with an online broker. He funds it (puts money into the account) and he applies for a margin account (margin is the amount of money the broker allows Bill for trading, on top of his equity position). Bill puts in $5000 and his broker puts in $5000. Bill doesn’t like the idea of holding stocks over-night, so he buys and sells his stocks on the same day. He does this three times in just his first day alone. Since he is new to day trading, he feels okay about just breaking even on his first day.
On day two, he does the same thing. And either before he executes the trade, or very soon afterward, he gets an email message from his broker. Something about a “margin call”. The broker is demanding that Bill deposit an additional $20,000 into his account immediately since he is now considered a pattern day trader. Bill freaks out because he doesn’t have $20,000. His palms get sweaty. He suddenly feels like a gambler who cannot repay his debts. And he anticipates a knock at the door any minute.
What Bill failed to do was to read the fine print supplied by his broker. It looked like standard contract stuff to him, so he just glossed over it. But if Bill had read the fine print regarding accounts, margins, day trading rules, and day trading regulations then Bill would have known not to do what he just did.
So, stated in simple terms (please read your broker’s fine print), these are the day trading rules and regulations. If a trader makes a same day round trip transaction (meaning the trader buys and sells, or shorts and covers, the same stock in the same day), then that is considered a day trade. If the trader does this more than three times during a five-day period that the market is open, then the trader is considered a pattern day trader. And a pattern day trader is required to have at least $25,000 equity in that account. This is the S.E.C.’s rule, not the broker’s rule. Lacking the $25,000, the broker is required to issue a margin call and demand that the trader deposit adequate funds to comply with the S.E.C.’s rules. Failure to do so can result in the broker closing that account.
So Bill has a choice. He can come up with the $20,000. Or, he can contact his broker, apologize on bended knee, and promise that it will never happen again. The broker will often forgive the first offense. But not the second one.
So, if you’re new to day trading, then read the fine print.
It is one of the first, confusing facts for the neophyte trader. Day trading rules and regulations.
Let’s say Bill wants to start trading stocks. He opens an account with an online broker. He funds it (puts money into the account) and he applies for a margin account (margin is the amount of money the broker allows Bill for trading, on top of his equity position). Bill puts in $5000 and his broker puts in $5000. Bill doesn’t like the idea of holding stocks over-night, so he buys and sells his stocks on the same day. He does this three times in just his first day alone. Since he is new to day trading, he feels okay about just breaking even on his first day.
On day two, he does the same thing. And either before he executes the trade, or very soon afterward, he gets an email message from his broker. Something about a “margin call”. The broker is demanding that Bill deposit an additional $20,000 into his account immediately since he is now considered a pattern day trader. Bill freaks out because he doesn’t have $20,000. His palms get sweaty. He suddenly feels like a gambler who cannot repay his debts. And he anticipates a knock at the door any minute.
What Bill failed to do was to read the fine print supplied by his broker. It looked like standard contract stuff to him, so he just glossed over it. But if Bill had read the fine print regarding accounts, margins, day trading rules, and day trading regulations then Bill would have known not to do what he just did.
So, stated in simple terms (please read your broker’s fine print), these are the day trading rules and regulations. If a trader makes a same day round trip transaction (meaning the trader buys and sells, or shorts and covers, the same stock in the same day), then that is considered a day trade. If the trader does this more than three times during a five-day period that the market is open, then the trader is considered a pattern day trader. And a pattern day trader is required to have at least $25,000 equity in that account. This is the S.E.C.’s rule, not the broker’s rule. Lacking the $25,000, the broker is required to issue a margin call and demand that the trader deposit adequate funds to comply with the S.E.C.’s rules. Failure to do so can result in the broker closing that account.
So Bill has a choice. He can come up with the $20,000. Or, he can contact his broker, apologize on bended knee, and promise that it will never happen again. The broker will often forgive the first offense. But not the second one.
So, if you’re new to day trading, then read the fine print.
Nov
15
A Raymond Randall
Market closing prices run up and run down faster than summer lightning strikes and rain pours. One day, investors are encouraged; the next day, investors are disappointed. Does the market mislead investors one day to sucker the same investor the following day? Or, does the stock market inform beyond immediate perception?
The difficulty facing investors involves delving below the obvious market numbers. When the market makes accelerated pricing moves is there a warning message underlying the number? All conversations involve the spoken or obvious message and the unspoken underlying message. Getting to the “what is really being said” challenges everyone listening to the language of the stock market. As someone told me once, “The real message is always the message behind the message.” Here are some messages within the message of the Dow Jones Industrial Average.
Intra-day stock market activity
Most investors ignore the opening, few glance at sidewalk tickers or hear intra-day TV or radio stock market reports. Markets drift or make wild intraday moves. In most cases, intra-day stock market price moves get their momentum from news. For example, “Stocks drifted lower in aimless trading Tuesday as mixed earnings news overshadowed an unexpected jump in consumer confidence and left investors cautious about extending the prior session’s sharp advance.” Each explanation references a news item. News moves the markets durng the day; company stock transactions provide the most obvious example of what news does to intra-day stock trading.
Trading Volume
The number of shares traded by a company stock or the equity market indices tells us the most. Volume matters in nearly every life-category. Often, I tell my children to “turn down the volume.” No matter what direction the market moves, turning up the volume makes the message clearer. A company’s stock price moves or broad market moves can be misleading. If a corporate stock reaches a new price high on lower volume, you may think all is well. In fact, the stock must make that new high price with strong volume (perhaps 3 times the daily average volume) to demonstrate strong buying activity. The same principle holds for market indices. High volume on the upside over successive trading days (no less than 3) recommends market strength; high volume on the downside suggests otherwise.
Industry Groups
Every bull market reveals industry group leadership. Briefing.com is one source of information about industry group strength or weakness. On this day, home entertainment software leads up while air freight and logistics shows weakness. You can also track 197 industry groups as an Investor’s Business Daily reader.
Leaders and laggards
Every group has its leaders and laggards. When the broad market indices shift out of a bull (down) market, a new group of stocks will emerge as leaders. Watching these stocks during a bull market provides investors with insights about a bull market phase. When leading stocks suffer pricing weakness, investors should stay alert to broad market shifts on the downside. Stock leadership cycles from bull market to bear market to bull market.
Making a correction
Commentators provide multiple excuses for the days when markets endure losses. Every bull market requires a 10% to 20% correction. This shakes out overly optimistic investors. Knowing when to get “in” and “out” of the market stymies stock market gurus. Some do it right some of the time, and others do it wrong all of the time. No matter what direction the market takes, equity/stock and debt/bond investors put their money somewhere. Usually, stock selling means bond buying. If stocks and bonds are sold, cash becomes the default investment. It all depends on the benefits perceived from any asset class.
Charles Dow’s “Theory” known as the “Dow Theory” provides some investment wisdom. Today’s market activity (Dow Jones up with the Dow Jones Industrials “down”) reminds us of 100 years of Dow’s investment wisdom. His successor was William P. Hamilton (the fourth editor of the Wall Street Journal.
* Hamilton’s bullet points on Charles H. Dow’s theory are helpful. “The Averages discount everything.”
* “The primary trend cannot be manipulated.”
* “Both the Industrials and Rails (the modern day Transports) must confirm each other in order for the signal to have authority.”
* “A rise in the Dow Jones Industrial Average must be ‘confirmed’ by the Dow Jones Transportation Average in order for the rise in the market to be sustainable.”
* Dow Industrials are companies that make; Dow Transportations are companies that deliver. If the transports are down, the industrials may be in trouble. Today, the Industrials are up (52 points); the Transports are down (80 points)
Asset Class Correlation and Manager Style
Asset allocation across and within asset classes allows investors to endure the downs while waiting for upward moves. It is more likely for asset classes to gain value in a bull market, but all asset classes will not participate at the same time. This is what an investor wants: one asset class up when another may be down. Within asset classes, trading styles should differ. Each of these functions adds value to portfolio performance.
Market closing prices run up and run down faster than summer lightning strikes and rain pours. One day, investors are encouraged; the next day, investors are disappointed. Does the market mislead investors one day to sucker the same investor the following day? Or, does the stock market inform beyond immediate perception?
The difficulty facing investors involves delving below the obvious market numbers. When the market makes accelerated pricing moves is there a warning message underlying the number? All conversations involve the spoken or obvious message and the unspoken underlying message. Getting to the “what is really being said” challenges everyone listening to the language of the stock market. As someone told me once, “The real message is always the message behind the message.” Here are some messages within the message of the Dow Jones Industrial Average.
Intra-day stock market activity
Most investors ignore the opening, few glance at sidewalk tickers or hear intra-day TV or radio stock market reports. Markets drift or make wild intraday moves. In most cases, intra-day stock market price moves get their momentum from news. For example, “Stocks drifted lower in aimless trading Tuesday as mixed earnings news overshadowed an unexpected jump in consumer confidence and left investors cautious about extending the prior session’s sharp advance.” Each explanation references a news item. News moves the markets durng the day; company stock transactions provide the most obvious example of what news does to intra-day stock trading.
Trading Volume
The number of shares traded by a company stock or the equity market indices tells us the most. Volume matters in nearly every life-category. Often, I tell my children to “turn down the volume.” No matter what direction the market moves, turning up the volume makes the message clearer. A company’s stock price moves or broad market moves can be misleading. If a corporate stock reaches a new price high on lower volume, you may think all is well. In fact, the stock must make that new high price with strong volume (perhaps 3 times the daily average volume) to demonstrate strong buying activity. The same principle holds for market indices. High volume on the upside over successive trading days (no less than 3) recommends market strength; high volume on the downside suggests otherwise.
Industry Groups
Every bull market reveals industry group leadership. Briefing.com is one source of information about industry group strength or weakness. On this day, home entertainment software leads up while air freight and logistics shows weakness. You can also track 197 industry groups as an Investor’s Business Daily reader.
Leaders and laggards
Every group has its leaders and laggards. When the broad market indices shift out of a bull (down) market, a new group of stocks will emerge as leaders. Watching these stocks during a bull market provides investors with insights about a bull market phase. When leading stocks suffer pricing weakness, investors should stay alert to broad market shifts on the downside. Stock leadership cycles from bull market to bear market to bull market.
Making a correction
Commentators provide multiple excuses for the days when markets endure losses. Every bull market requires a 10% to 20% correction. This shakes out overly optimistic investors. Knowing when to get “in” and “out” of the market stymies stock market gurus. Some do it right some of the time, and others do it wrong all of the time. No matter what direction the market takes, equity/stock and debt/bond investors put their money somewhere. Usually, stock selling means bond buying. If stocks and bonds are sold, cash becomes the default investment. It all depends on the benefits perceived from any asset class.
Charles Dow’s “Theory” known as the “Dow Theory” provides some investment wisdom. Today’s market activity (Dow Jones up with the Dow Jones Industrials “down”) reminds us of 100 years of Dow’s investment wisdom. His successor was William P. Hamilton (the fourth editor of the Wall Street Journal.
* Hamilton’s bullet points on Charles H. Dow’s theory are helpful. “The Averages discount everything.”
* “The primary trend cannot be manipulated.”
* “Both the Industrials and Rails (the modern day Transports) must confirm each other in order for the signal to have authority.”
* “A rise in the Dow Jones Industrial Average must be ‘confirmed’ by the Dow Jones Transportation Average in order for the rise in the market to be sustainable.”
* Dow Industrials are companies that make; Dow Transportations are companies that deliver. If the transports are down, the industrials may be in trouble. Today, the Industrials are up (52 points); the Transports are down (80 points)
Asset Class Correlation and Manager Style
Asset allocation across and within asset classes allows investors to endure the downs while waiting for upward moves. It is more likely for asset classes to gain value in a bull market, but all asset classes will not participate at the same time. This is what an investor wants: one asset class up when another may be down. Within asset classes, trading styles should differ. Each of these functions adds value to portfolio performance.
Nov
9
Carolyn Anderson
Trading is one profitable venture if you know how to. Indeed, trading or day trading is not for everyone, as this venture can be very risky. Of course, if you have what it takes to be a great trader, you can actually make good money out of day trading, but of course, you have to learn everything about it and make sure you are indeed prepared to make money with trading.
Trading is risky, and it does involve a lot of uncertainties. If you are someone who loves to challenge risks and uncertainties and has a strong decision making ability that can be useful in trading, then you might find it a good moneymaking venture as well. To help you on how to day trade successfully, here are a few tips that might help you.
- Learn everything about day trading. Although it des not always follow that a good knowledge on day trading will make you a successful trader, it can be of big help for you to minimize losses and maximize your profits as well as help you minimize the risks in trading.
- Always have a method or strategy in your trading. Even long-time readers follow a strategy and practice them before putting them into use. Although any strategy will not assure you of profits, it can however help you minimize risks and help you face uncertainties with confidence. It can also help a lot in minimizing losses as well.
- Practice. Before putting your money at risk, it is important that you have a real trading experience and not just learn from paper and from theories. You don’t have to risk your money right away. If you are trading online, you can actually get a demo account where you can learn the basics of trading as well as experiencing losing and winning as well.
- Make sure to have discipline. One of the things that can make you fail in trading is the lack of discipline. As a trader, you have to have discipline and learn how to follow your strategy or say enough to stop getting more losses. As a trader, you have to accept the fact that losing is part of the venture. In fact, you will experience losing at one time or another and you have to know when to stop to avoid losing everything you have.
- Find a mentor who can help you with trading. Someone who has been trading and who has mastered the ins and outs of day trading can be a very big help in your attempt to make good profits in trading. A mentor or a good resource that can guide you in details on what to look out for and how to trade wisely can help you have a good start in trading.
- Learn to accept losses. As a trader, you have to understand that losing is part of the venture and you have to accept that. Without that attitude, you will end up chasing the losses that you have incurred in your past trading and this can hurt your trading strategy and may put you at more risks as well.
Trading is one profitable venture if you know how to. Indeed, trading or day trading is not for everyone, as this venture can be very risky. Of course, if you have what it takes to be a great trader, you can actually make good money out of day trading, but of course, you have to learn everything about it and make sure you are indeed prepared to make money with trading.
Trading is risky, and it does involve a lot of uncertainties. If you are someone who loves to challenge risks and uncertainties and has a strong decision making ability that can be useful in trading, then you might find it a good moneymaking venture as well. To help you on how to day trade successfully, here are a few tips that might help you.
- Learn everything about day trading. Although it des not always follow that a good knowledge on day trading will make you a successful trader, it can be of big help for you to minimize losses and maximize your profits as well as help you minimize the risks in trading.
- Always have a method or strategy in your trading. Even long-time readers follow a strategy and practice them before putting them into use. Although any strategy will not assure you of profits, it can however help you minimize risks and help you face uncertainties with confidence. It can also help a lot in minimizing losses as well.
- Practice. Before putting your money at risk, it is important that you have a real trading experience and not just learn from paper and from theories. You don’t have to risk your money right away. If you are trading online, you can actually get a demo account where you can learn the basics of trading as well as experiencing losing and winning as well.
- Make sure to have discipline. One of the things that can make you fail in trading is the lack of discipline. As a trader, you have to have discipline and learn how to follow your strategy or say enough to stop getting more losses. As a trader, you have to accept the fact that losing is part of the venture. In fact, you will experience losing at one time or another and you have to know when to stop to avoid losing everything you have.
- Find a mentor who can help you with trading. Someone who has been trading and who has mastered the ins and outs of day trading can be a very big help in your attempt to make good profits in trading. A mentor or a good resource that can guide you in details on what to look out for and how to trade wisely can help you have a good start in trading.
- Learn to accept losses. As a trader, you have to understand that losing is part of the venture and you have to accept that. Without that attitude, you will end up chasing the losses that you have incurred in your past trading and this can hurt your trading strategy and may put you at more risks as well.
Nov
7
kyleparker360
Either what kind of stocks or specific stocks would be great. I have 500$ to invest and I am saving up for a car.
Either what kind of stocks or specific stocks would be great. I have 500$ to invest and I am saving up for a car.
Nov
7
Day Trading Forex In A Live Currency Trading Room
Filed Under Showing Support For Home Information Pack | Leave a Comment
proforexroom.com
Have you ever wondered how some traders new to day trading “stick around” the trading scene and others who enter the world of day trading no matter if it be currencies, stocks, futures or commodities leave disillusioned or with seriously depleted bank accounts?
Amongst the many questions on traders minds, a lot question how some make it and a lot who have come before them have entered the system, traded, lost money (in some cases substantial amounts), spent money on books, tapes and courses (in a lot of cases a significant amount) and left… in some cases pennyless, in a lot of cases substantial devoid of the capital they first started with.
The above questions that were posed are very familiar in the “traders lifecycle” especially those entrants that have come into the market chasing the lure of quick, work from home profits, give up your day job thoughts or worse still the images of ferraris and fast cars locked in their heads from the sales pitch and hype surround the products in the industry only to find that the system they have invested and relied so heavily upon has lead to nothing but psychological frustration and a broker account that is under water.
Starting Out In Forex Trading:
There are many ways you can start out. The market is by far huge, the biggest in the world in fact. The market for educational products is equally huge and there is a right way to start and a wrong way to start.
This article considers having a start in the Forex trading world using a mentor based system of trading.
One-to-One mentoring is perhaps beyond the pockets of most traders, but there is an alternative way to trade using a mentor where you can ask questions and get help in a live trading environment. That way is using a live forex trading room.
Becoming a member of a live forex trading room gives you first hand experience of sitting alongside a seasoned professional in a virtual trading room. In most cases, rooms have moved beyond the text chat based model to a visual display and audio system.
In most rooms, you can see the traders screen duplicated on your own screen and hear his analysis through your computer speakers as the person works through the trades live in the market. The whole process is generally transparent including the analysis, market overview, watchlist, trade setup and logic behind the entry (and when the process of closing the trade – exit is made) as well as placement of stops and take profit levels. The trading room also allows a new to the market member to pick the traders brains and generally you can asks freely all the questions you like during the trading session as its happening live. Live, in the moment situational analysis is generally a better way to learn to trade successfully in the market than trying to interpret data thats happened or something thats been “curve fitted” just for a book by the author. The later is more like driving with a trader going forward looking into a rear vision mirror than trading on the “right hand side of the chart” so to speak and being close to the flame, ie. the market and being exposed to the volatility, market movements, the rise and fall in prices and the chart setups that are occurring as its happening as news, events and other factors are being played out before the traders eyes.
Live Trading Rooms Provide Psychological Guidance: The other benefit of being a member in a live trading room is the degree of patience required to maintain a trade. Having a professional trader will be a measure to ensure that you have someone who is emotionally separated from your trade to tell you what to do. Essentially, you can follow alongside and mimic the traders trades rather than having to go through the stresses of working out what to trade, what too do, how to enter a trade, when to get out, where to place stops, how to place stops, when to take profit. Essentially with an online forex brokers account and forex trading software you can get up and running trading from day one of your membership to the live trading room.
Day Trading – Live Trading Room
Lets take a case example of one live trading room that the author is a member of. This room is currently running and has been achieving good profits since I started as a member of the room in January 2010. The room is called Proforexroom.com
The head of trading is called Saverio Berlinzani. Saverio has appeared on numerous interviews including CNBC http://www.cnbc.com Saverio’s profile is at http://www.proforexroom.com/about-saverio.php Saverio has an easy to understand teaching style in both English and Italian languages.
Time of trading & Pairs Traded:
The trading site’s live trading room is suitable for all levels of day & swing traders and will primarily focus on live (or simulation if you choose to follow alongside Saverio using your broker demo platform) trading. Proforexroom trading room is active during the European morning (approximately 8:00 AM to 6:00 PM Central European Time) which includes some the the US forex morning session time. The markets that will be traded include major currencies such as the Euro against the US Dollar, British Pound, Swiss Franc, Canadian dollar, New Zealand and Australian dollar and Japanese Yen as well as combinations of those currency pairs.
During the sessions Saverio is available to answer questions that members have. The fact that the trader is there to answer questions is the key. The ability to have live situational analysis and ask then and there directly on the spot rather than an article that is either out of date or has been “curve fitted” to suit the articles situation and gloss over the realities of the market situation and news at hand.
But aren’t Live Trading rooms costly?
Cost to join a live Forex trading room membership should be a lesser consideration in your need for Forex trading education. The traders experience, results and consistency of trading system are key ingredients along with the quality of coaching. Remember the old saying “you get what you paid for”. At the end of the day Forex trading is a business. If you want to become serious about making real profits in Forex you have to get serious about the quality of training and membership fees to a good quality trading room should be the least of considerations.
Traders who are starting out might also find the added benefit of signing up for http://www.proforexroom.com/ FREE trial for 2 weeks.
Key points:
1. live forex trading rooms provide a way to learn to trade forex successfully and get up and running quickly.
2. Trading is a business. Dont let membership fees to a day trading currency room be the sole consideration, you have to consider other factors ie. results, consistancy, support and other benefits on offer.
3. Take advantage of Free Trials.
4. Read, Read, Read and ask questions… especially to the trader in the room.
5. Theres no right and wrong formula.
6. Education is an investment, it will cost money in order to make money.
Have you ever wondered how some traders new to day trading “stick around” the trading scene and others who enter the world of day trading no matter if it be currencies, stocks, futures or commodities leave disillusioned or with seriously depleted bank accounts?
Amongst the many questions on traders minds, a lot question how some make it and a lot who have come before them have entered the system, traded, lost money (in some cases substantial amounts), spent money on books, tapes and courses (in a lot of cases a significant amount) and left… in some cases pennyless, in a lot of cases substantial devoid of the capital they first started with.
The above questions that were posed are very familiar in the “traders lifecycle” especially those entrants that have come into the market chasing the lure of quick, work from home profits, give up your day job thoughts or worse still the images of ferraris and fast cars locked in their heads from the sales pitch and hype surround the products in the industry only to find that the system they have invested and relied so heavily upon has lead to nothing but psychological frustration and a broker account that is under water.
Starting Out In Forex Trading:
There are many ways you can start out. The market is by far huge, the biggest in the world in fact. The market for educational products is equally huge and there is a right way to start and a wrong way to start.
This article considers having a start in the Forex trading world using a mentor based system of trading.
One-to-One mentoring is perhaps beyond the pockets of most traders, but there is an alternative way to trade using a mentor where you can ask questions and get help in a live trading environment. That way is using a live forex trading room.
Becoming a member of a live forex trading room gives you first hand experience of sitting alongside a seasoned professional in a virtual trading room. In most cases, rooms have moved beyond the text chat based model to a visual display and audio system.
In most rooms, you can see the traders screen duplicated on your own screen and hear his analysis through your computer speakers as the person works through the trades live in the market. The whole process is generally transparent including the analysis, market overview, watchlist, trade setup and logic behind the entry (and when the process of closing the trade – exit is made) as well as placement of stops and take profit levels. The trading room also allows a new to the market member to pick the traders brains and generally you can asks freely all the questions you like during the trading session as its happening live. Live, in the moment situational analysis is generally a better way to learn to trade successfully in the market than trying to interpret data thats happened or something thats been “curve fitted” just for a book by the author. The later is more like driving with a trader going forward looking into a rear vision mirror than trading on the “right hand side of the chart” so to speak and being close to the flame, ie. the market and being exposed to the volatility, market movements, the rise and fall in prices and the chart setups that are occurring as its happening as news, events and other factors are being played out before the traders eyes.
Live Trading Rooms Provide Psychological Guidance: The other benefit of being a member in a live trading room is the degree of patience required to maintain a trade. Having a professional trader will be a measure to ensure that you have someone who is emotionally separated from your trade to tell you what to do. Essentially, you can follow alongside and mimic the traders trades rather than having to go through the stresses of working out what to trade, what too do, how to enter a trade, when to get out, where to place stops, how to place stops, when to take profit. Essentially with an online forex brokers account and forex trading software you can get up and running trading from day one of your membership to the live trading room.
Day Trading – Live Trading Room
Lets take a case example of one live trading room that the author is a member of. This room is currently running and has been achieving good profits since I started as a member of the room in January 2010. The room is called Proforexroom.com
The head of trading is called Saverio Berlinzani. Saverio has appeared on numerous interviews including CNBC http://www.cnbc.com Saverio’s profile is at http://www.proforexroom.com/about-saverio.php Saverio has an easy to understand teaching style in both English and Italian languages.
Time of trading & Pairs Traded:
The trading site’s live trading room is suitable for all levels of day & swing traders and will primarily focus on live (or simulation if you choose to follow alongside Saverio using your broker demo platform) trading. Proforexroom trading room is active during the European morning (approximately 8:00 AM to 6:00 PM Central European Time) which includes some the the US forex morning session time. The markets that will be traded include major currencies such as the Euro against the US Dollar, British Pound, Swiss Franc, Canadian dollar, New Zealand and Australian dollar and Japanese Yen as well as combinations of those currency pairs.
During the sessions Saverio is available to answer questions that members have. The fact that the trader is there to answer questions is the key. The ability to have live situational analysis and ask then and there directly on the spot rather than an article that is either out of date or has been “curve fitted” to suit the articles situation and gloss over the realities of the market situation and news at hand.
But aren’t Live Trading rooms costly?
Cost to join a live Forex trading room membership should be a lesser consideration in your need for Forex trading education. The traders experience, results and consistency of trading system are key ingredients along with the quality of coaching. Remember the old saying “you get what you paid for”. At the end of the day Forex trading is a business. If you want to become serious about making real profits in Forex you have to get serious about the quality of training and membership fees to a good quality trading room should be the least of considerations.
Traders who are starting out might also find the added benefit of signing up for http://www.proforexroom.com/ FREE trial for 2 weeks.
Key points:
1. live forex trading rooms provide a way to learn to trade forex successfully and get up and running quickly.
2. Trading is a business. Dont let membership fees to a day trading currency room be the sole consideration, you have to consider other factors ie. results, consistancy, support and other benefits on offer.
3. Take advantage of Free Trials.
4. Read, Read, Read and ask questions… especially to the trader in the room.
5. Theres no right and wrong formula.
6. Education is an investment, it will cost money in order to make money.
Nov
6
A Solid Day Trade System
Filed Under Investing | Leave a Comment
Mark Crisp
This is why so many people are lured into day trading as it is often seen as the holy grail of trading, the one that can make you rich overnight.
It is no surprise then that in recent times the internet and even TV has become swamped with people toting their latest day trade system and how it can make you rich overnight, I wonder then how many of these vendors would run for the hills if someone were to ask them for actual proof of income from using the system? I’ll bet it would be a lot!
Dealing in foreign currency, stocks and shares or any such market is akin to gambling. You are basically gambling on whether the prices go up or down, of course this is a rather educated gamble. To do this you will need to watch the market trend to get a feel for it. The longer you watch the market trend for the more accurate your predictions will be. The problem is in the forex market time is money and waiting too long can mean missing great opportunities.
There are many people out there who will tell you that you can predict market trends after watching the market for just a few hours, personally I think this is more akin to a leap of faith than actual research.
The trader even when armed with the very best day trade system will make wins and make losses what is important is to make more wins than losses as there is no way that you will make enough profit in a day (unless you are very lucky) to stay afloat very long. There are many software packages and a whole bunch of day trade systems out there to help you along the way, it is nigh on impossible for a machine to predict exactly what is going to happen in a short space of time.
The best advice I can give you if you want a solid day trade system is to get an online trading account that comes with software to make your life easier and then use a demo account to ensure your profitability until you are entirely comfortable to start playing for real with your own hard earned money.
There are many books out there on forex trading both on and off-line and I would suggest that you read as much about day trading as you can if you are new to this exciting career.
This is why so many people are lured into day trading as it is often seen as the holy grail of trading, the one that can make you rich overnight.
It is no surprise then that in recent times the internet and even TV has become swamped with people toting their latest day trade system and how it can make you rich overnight, I wonder then how many of these vendors would run for the hills if someone were to ask them for actual proof of income from using the system? I’ll bet it would be a lot!
Dealing in foreign currency, stocks and shares or any such market is akin to gambling. You are basically gambling on whether the prices go up or down, of course this is a rather educated gamble. To do this you will need to watch the market trend to get a feel for it. The longer you watch the market trend for the more accurate your predictions will be. The problem is in the forex market time is money and waiting too long can mean missing great opportunities.
There are many people out there who will tell you that you can predict market trends after watching the market for just a few hours, personally I think this is more akin to a leap of faith than actual research.
The trader even when armed with the very best day trade system will make wins and make losses what is important is to make more wins than losses as there is no way that you will make enough profit in a day (unless you are very lucky) to stay afloat very long. There are many software packages and a whole bunch of day trade systems out there to help you along the way, it is nigh on impossible for a machine to predict exactly what is going to happen in a short space of time.
The best advice I can give you if you want a solid day trade system is to get an online trading account that comes with software to make your life easier and then use a demo account to ensure your profitability until you are entirely comfortable to start playing for real with your own hard earned money.
There are many books out there on forex trading both on and off-line and I would suggest that you read as much about day trading as you can if you are new to this exciting career.
Nov
6
Day Trading With the Stochastic Indicator
Filed Under Using The Stochastic Oscillator Momentum Indicator | Leave a Comment
David S Adams
Momentum. If you look at the way I trade, you will find momentum is the key difference in my trading style and the chart traders or the pure oscillator traders, and the stochastic indicator is an accurate momentum indicator. I would not put the stochastic indicator in a class of oscillator that is sufficient to day trade as a single indicator system. It is a wonderful indicator to have in your day trading arsenal to confirm trades and glean information, which is exactly how I use the indicator.
In a pure sense, the stochastic indicator is a classic momentum indicator. The mathematical formula for the Stochastic indicator is as follows:
%K = 100[(C - L14)/(H14 - L14)]
L14 = the low of the 14 previous trading sessions
%D = 3-period moving average of %K
C = the most recent closing price
H14 = the highest price traded during the same 14-day period.
Even a cursory review of the formula leads us to the conclusion that the stochastic indicator is comparing the current price and the high and lows, the range, throughout a 14 day period. It should be noted that a day trader can set the length of time for the indicator, and a setting of 14 periods is very common. I have experimented with several different numbers, with mixed success. The charting period I trade in is 3 minutes on the ES emini, but it could be hours, day or months. As an emini scalper, I trade the shortest term trend in the market, but this indicator is often used for longer term trading. It is a versatile trading indicator and can be adapted for a several different trading periods, if necessary.
Most traders will recognize the stochastic indicator configuration on the chart, as it uses the traditional crossing line format. When the two lines cross (called %D and %K) a trade is indicated. Long crosses and short crosses are determined by which line is topping the oscillator. If the short line, usually a red line on most charts, crosses thru the long lines, which is usually blue, it indicates a short trade. The exact opposite is true of long trades, when the blue line crosses through the red line, the short trade line, a long trade is indicated. Like nearly every non-linear oscillator, the stochastic indicator will whipshaw you to tears if you are trading it alone, in and out of day trades, when the market is in a consolidating mode, and I strongly warn against trading it as a single indicator.
In some of the previous articles I have written, I point out the notion of divergence as the stuff of gold. If the stochastic indicator is moving in the opposite direction of the market price action, you know the trend is losing some steam, at least temporarily. Obviously, if you are in a trade and the stochastic indicator diverges from the direction your trade, you would seriously consider exiting the trade or, at the very least, be prepared to exit the trade.
The stochastic indicator was developed in the mid-1950s by Dr. George Lane and it remains a popular indicator to this day. The indicator comes in 3 flavors, called the fast, slow, or full. I prefer the slow stochastic, as I find it does not bump me around as much. But the fast and full stochastic indicators have applications for day trading, and traders have flocked to all three versions of the stochastic in droves.
What makes the stochastic indicator so popular?
The stochastic indicator is reasonably reliable, and easy to use. I think the indicator imparts a wealth of information about momentum in the chart, up or down, and traders are naturally drawn to such an easy indicator to read. The trade entries are easy to spot, and a quick glance at the chart can give you a snapshot of what is really occurring in the market with the emini contract you are examining. The stochastic indicator is easy to use, understand, and implement into even the newest traders mind. That being said, it is still difficult to qualify the stochastic indicator as a primary trading tool. It tends to whip you in and our of trades in consolidating markets. I would recommend putting the stochastic indicator on your chart and see if it behaves in a way that is favorable for your trading style. You might like it.
Momentum. If you look at the way I trade, you will find momentum is the key difference in my trading style and the chart traders or the pure oscillator traders, and the stochastic indicator is an accurate momentum indicator. I would not put the stochastic indicator in a class of oscillator that is sufficient to day trade as a single indicator system. It is a wonderful indicator to have in your day trading arsenal to confirm trades and glean information, which is exactly how I use the indicator.
In a pure sense, the stochastic indicator is a classic momentum indicator. The mathematical formula for the Stochastic indicator is as follows:
%K = 100[(C - L14)/(H14 - L14)]
L14 = the low of the 14 previous trading sessions
%D = 3-period moving average of %K
C = the most recent closing price
H14 = the highest price traded during the same 14-day period.
Even a cursory review of the formula leads us to the conclusion that the stochastic indicator is comparing the current price and the high and lows, the range, throughout a 14 day period. It should be noted that a day trader can set the length of time for the indicator, and a setting of 14 periods is very common. I have experimented with several different numbers, with mixed success. The charting period I trade in is 3 minutes on the ES emini, but it could be hours, day or months. As an emini scalper, I trade the shortest term trend in the market, but this indicator is often used for longer term trading. It is a versatile trading indicator and can be adapted for a several different trading periods, if necessary.
Most traders will recognize the stochastic indicator configuration on the chart, as it uses the traditional crossing line format. When the two lines cross (called %D and %K) a trade is indicated. Long crosses and short crosses are determined by which line is topping the oscillator. If the short line, usually a red line on most charts, crosses thru the long lines, which is usually blue, it indicates a short trade. The exact opposite is true of long trades, when the blue line crosses through the red line, the short trade line, a long trade is indicated. Like nearly every non-linear oscillator, the stochastic indicator will whipshaw you to tears if you are trading it alone, in and out of day trades, when the market is in a consolidating mode, and I strongly warn against trading it as a single indicator.
In some of the previous articles I have written, I point out the notion of divergence as the stuff of gold. If the stochastic indicator is moving in the opposite direction of the market price action, you know the trend is losing some steam, at least temporarily. Obviously, if you are in a trade and the stochastic indicator diverges from the direction your trade, you would seriously consider exiting the trade or, at the very least, be prepared to exit the trade.
The stochastic indicator was developed in the mid-1950s by Dr. George Lane and it remains a popular indicator to this day. The indicator comes in 3 flavors, called the fast, slow, or full. I prefer the slow stochastic, as I find it does not bump me around as much. But the fast and full stochastic indicators have applications for day trading, and traders have flocked to all three versions of the stochastic in droves.
What makes the stochastic indicator so popular?
The stochastic indicator is reasonably reliable, and easy to use. I think the indicator imparts a wealth of information about momentum in the chart, up or down, and traders are naturally drawn to such an easy indicator to read. The trade entries are easy to spot, and a quick glance at the chart can give you a snapshot of what is really occurring in the market with the emini contract you are examining. The stochastic indicator is easy to use, understand, and implement into even the newest traders mind. That being said, it is still difficult to qualify the stochastic indicator as a primary trading tool. It tends to whip you in and our of trades in consolidating markets. I would recommend putting the stochastic indicator on your chart and see if it behaves in a way that is favorable for your trading style. You might like it.