Day Trading

...now browsing by tag

 
 

Top Online Commodity Trading Guide!

Saturday, August 8th, 2009

Online commodity trading is an exciting and different opportunity for trading on the internet. Interest in the market is increasing and that means larger trading volumes and larger potential for profits if you know what you are doing.

You can join some schools who provide courses, even only last for few days, but they teach people about the basics of the stock market and online commodity trading.

Whether or not you decide you need to attend a class, it is important that you understand all there is to know about commodity trading before you get started. You need to learn how to place and how to control your orders in the commodity market.

This involves learning how to use the latest software. Studying how professionals make money through buying and selling will provide you with good examples of how you need to conduct yourself even though the trades you will be doing will likely be on a much smaller scale.

Learn which online commodity trading transactions that have the most risk, that way you can always control your exposure to great losses. It doesn’t matter even if you find the russian stock market seemed to be more lucrative than the one in the US for example.

By studying the market, you will be able to determine which investments you should be avoided due to risk factors and which are likely to be profitable. You can use different types of contracts as well to increase your leverage. Such as dow index.

If you want to do well in the online trading market, you must have discipline and move carefully with a solid plan and established knowledge about the market and software you are using. Everything makes the trading looks complex, but if you do it correctly, it can actually give you profits and with less risky.

Many people find that online commodity trading is very lucrative and make it become a full time career. So if you put the time learning the market and carefully make a decision, you may find yourself want to make the online commodity trading become a full time career, too.

Thanks to the internet as it makes the stock market so flexible so you can start slowly and increase the trading volume whenever you feel comfortable.

Posted in General | No Responses »
Tags: , , ,

Choosing Stocks Online

Monday, August 3rd, 2009

Long ago we used to have to depend on a professional for a lot of things, now the internet gives us access to many things from our home.

Not so long ago, if you wanted to buy stock, you had to find a broker. But now it is just as easy to buy stocks online.

And since you will not be paying that broker’s salary through big commission fees, you will make more money for yourself.

If you want to buy online stocks, firstly, find a website that will give you access to all the tools and the market you need for your invesments.

There area a lot of brokerage company online. Since you will share your bank account and credit card information to establish an account, make sure you pick a well known online broker to do business with.

Luckily there are quite a few to choose from. Be sure to shop around and find one that offers low fees per trade and does not add on a lot of additional fees, like for falling below a minimum account balance or for closing the account if you should choose to do so.

You also want to look at the analysis tools each broker offers as these will be critical to your ability to make informed choices when it is time to buy stocks online. Using these tools, you can learn about share prices.

You may also want to start slow and very simple until you really understand the market and its fluctuations. You can see the fluctuations from stock market chart.

It is also advisable that you plan to buy quality stocks when you think they are priced at a value and hold on to them instead of constantly trading. This is a much safer approach for the long term.

Posted in General | No Responses »
Tags: , , ,

Theories On The Market

Tuesday, June 30th, 2009

A funny thing has happened in the last 6-8 weeks.There appears to be very little sellers present.  Literally.  The market has made a massive push and it really struggles to sell or stay down.  It seems almost funny how bad it is to try to short for more than maybe 20 minutes at a time.As most traders find out - fighting the market is pointless, all you can do is react to what you are given.  But it sure makes trading hard - the buy and hold guys have it locked down.

One thing I know is that you cannot continue this indefinately - the chasing and then bidding the market so it wont sell will stop.  The only way you actualy make money, whether day trading or longer term investing, is to  lock in profits.Until then, its not reality.At some point they will turn the tide from chasing in, to wanting out to lock in profits (or avoid losses).

A key pattern lately has been to break below support and then out of nowhere a massive burst of buying jams the market back to the highs.This sort of thing happens so often now, its completely expected.Most of the time this results in a new low being made, followed shortly by new daily highs as the buyers chase like crazy.

Even in the height of the bull market, we would repeatedly have 10-15+% corrections in the market that would last a month or so.And this was what happened when everything was good.  So I am not sure what is going on now.  Several theories are in play that I think about:

  1. Shorts are completely or mostly out of the market.  The SEC messing with the short rules before caused a panic, and now there are many proposals again in regard to uptick rule and shorting.  Rather than get caught, they are staying away from day trading and longer term positioning.
  2. The level of manipulation appears high.  There is a group of large banks or funds that are pushing the market higher at the Fed's and Treasuries request to try to turn the economy out of the recession by making it appear as if the stock market has it figured out.  The way the rescues happen like clockwork, the ramps into the close every friday, and other very odd trading behavior gives this some credence imo.  Would be easy for the government to just give these guys money to push the market up.
  3. Traders are mostly gone, and computer algorithm trading takes over.This can happen also - computerized trading has taken over more of the futures market, which in turn drives stocks.Since no one tries to fight this trend, with all of them doing the same thing it just feeds on itself.I like this theory too because the actual price variance is so unusually low on these large pushes higher.  I have seen the dow futures push up 100 pts in 20 minutes with maybe an 8-9 point max retrace the whole time.  Sure this happens - but not this often as it does now.

Whether any of these are true, or a combination, I have no idea and we may never.  All I know is the trading action is very odd and I expect at least half if not more of this gain to be gone when this is done.  Note - I am not predicting a top, I am saying that when this is done, these idiots will undo this much faster than it actually ran up as everyone heads for the exits.  We could hit 9k, 10k etc.I relaly do not see 10,000 as possible right now, because GM, C and a few others are dead - they just don't have the fuel short term.

Maybe everyone just needs to learn to trade again – this is the new market to stay!

Posted in General | No Responses »
Tags: , , , , , , , , , , ,

Three Stock Trading Myths

Wednesday, May 13th, 2009

 

I’ve made a living as a Stock Trader for over 15 years, and have really learned the ins and outs of the business. However, I didn’t start my career at a big firm with lots of training courses to teach me “their way”. I made it through trial and error, taking seminars and classes and learning as I go.

 

While my self taught training may have resulted in a slower success, I know a lot more about the real world of stock trading than a lot of those investment advisors out there who only know what their employer told them. I have learned during my career that there are a number of misconceptions that people have about stock trading. Here are three of them:

 

First, is the myth that only certain types of people make successful stock traders. True, those folks who can analyze stock trends and “pick” the big winners are typically left brained thinkers (more than 60%), which is probably how this myth originated.

 

But I have found that trading stock has something in it for every type of thinker, and the trick is to find the process that works best for you. To be honest, I could never analyze and pick stocks all day, but that hasn’t stopped me from a great career trading stocks. Anyone else can too.

 

Second, is the underlying belief that stock trading is risky, even riskier than owning your own business. It is true that people have lost everything in the stock market, and those are the stories splashed all over the headlines that tend to intimidate people from trying their hand at stock trading.

 

But I have learned that if you have the right process in place for setting your stops and limiting your risks to a level that you are comfortable with, it can really be a very low risk profession. For instance, I have established a process that allows me a 75% success rate at my trades, which is pretty hard to beat! I can’t think of any other business opportunity that is that low risk in such a fast period of time.

 

Finally, how many times have you heard that its a full time job to make consistent big money in the stock market? Absolutely true for some kinds of trading and especially if you don’t have good stock pickers to rely on. Then you have to do all the investigative leg work in a fast moving environment, which is sure to use up all your time.

 

However, it is absolutely possible to make a great career out of trading stock for 2-4 hours a day, and having the rest of your time to do what you want. The trick is to have a process in place that is low risk and efficient with your time. Where can you find a strategy that works for you? There are a lot of programs out there, and it can be difficult to find the one that is right for you. I advise you to investigate several options, ask questions (if there’s no one who will answer your questions, move on…life is too short to deal with bad customer service). Head into your research knowing the right process is there for you, and you will be on your way to success at stock trading in no time.

 

I have written a free report describing my journey to becoming successful at trading stocks and giving useful tips I and my students have used to consistently trade profitably. Visit my site to obtain a free copy and learn more about how you could be trading stocks profitably in as little as two weeks.

Posted in Day Trading | No Responses »
Tags: , , , , , , , ,

Forex Charting Demo Software Is Worth It?

Wednesday, May 13th, 2009

Forex trading online has become almost pervasive in today’s trading environment, but which software performs the best? This question can be hard to answer because there are a plethroa of options. This is dilemma is compounded by the fact that there is not very much margin for error because, with Forex, most people cannot afford to lose big in a live trading account. Demoing the various software offerings from various sources on a demo account  makes the most since and will definitely save money in the short and long run..With so many competing, how does one go about finding the right software solution? Primarily, it will depend on your financial goals: short and longterm. Do you plan to trade intraday, or will you trade over the long term? The trading strategy that you use when trading is critical when you are considering purchasing a Forex trading software platform. Conduct reasearch on the Internet to discover charting software that performs well after you decide on a stragy. Blogs are a great source for this type of information because people appear to be more open and honest about how they truly feel on blogs than they do on more formal Websites. Find out more: forex currencies

After thouroughly browsing two or three blogs for information about the forex software that you are researching, it is time to take narrow down your selection. While this should be a very simple process, it could be very challenging. oftentimes] the software vendors manipulate emotions to buy by stating how much money that the software will make. forex charting software] that they [believe . To select the right software that is required for the chosen strategy, try to get past the vendor hype. More information: forex

After the hype has subsided, open a demo account with a repitable broker to test drive the charting software. Trial periods are commonly offered by most Forex Charting software providers. Test the software with the demo account for one to two weeks to see if the software lives up to the hype. Testing] the software on a demo account is a good risk management strategy to protect your income. One should be able to determine if the software meets his/her requirements after a few weeks of using it.

In summary, there are several trading sources that are competing in the Forex trading software markets, and it can be difficult to recognize which software meets the requirements for a given trading strategy or approach. While this could be simple, it could be challenging. Test drive the software with a demo account first to make sure that it is stable, user-friendly, and reliable on a demo account before it is tested in a live (real money) environment.

Expert Author: Alatair Jones

Posted in Day Trading | No Responses »
Tags: ,