See if you can log on to www.greenonthescreen….read the blogs…a lot of reading…but there are about a hundred different people that post there and some of them are extremely knowledgeable…
P.S. Listen to the interview posted there also…
Archive for June, 2009
How is my introduction, and is my thesis clear?
Outer beauty is very important to women at this day and age. Some women are blessed with it while others have to work on it to improve their outside appearance. The dreaded curse that has bestode up on millions and millions of woman is cellulite. Wether you are thin or curvy, cellulite is a problem. Despite the dimpled appearance of cellulite there are many ways to reduce and minimize it with adequate exercise, a well balanced diet, and a few tricks of the trade massage techniques.
I liked it, but “bestode”????? What kind of word is that?
)
I have been working on my day trading system for about 2 years. Fine-tuning it. I am a committed and patient person but I gotta have a new "strategy" because overall, I just break even. Compared to some of my day-trading friends, that is not bad. But obviously not enough for a living! And it is not because my 5 or 6 day trading buddies struggle that I have to struggle too.
I have heard of day trading robots and I was wondering if they really work. I am willing to try if some people give me genuine, good feedback.
Thank you for your honest, most substantiated answers!
Any else has tried http://www.day-trading-profits-now.com ?
What do you think of that video? It's intriguing, isn't it? Why not give it a shot since they guarantee your money back if it does not work?
Hello Mark,
There are some good robots that MAY help you. Some are scam. Others are for real.
Simply put, a day trading robot is a program that attempts to take the guess work out of trading stocks. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective. You need to understand a little bit about how it works and where it is best applied. But you have some experience.
A robot is a computer or computer program that monitors stocks and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify stocks that meet certain criteria, or when certain stocks perform in a certain way. Most of the selling points of robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable, they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.
For this automatic approach, this website has worked wonders for me: http://www.day-trading-profits-now.com. After a few weeks of getting used to it (yes, it takes a while to set up a satisfying routine … satisfying AND rewarding 
), it has really delivered for me.
I must say that I had been watching the day trading robot market for months, waiting for the right software to come out. I believe I have found a great one.
Good trading!
buy low, sell high
Simple concept.
I’m a graduated student about business administration . Now I’m looking for some futures trading courses with commodity seminars and day future trading seminars from renowned professional futures traders.Do U know where teach options trading courses that will give me the trading mindset of being a pro-trader ?
hi My friend! i don’t know how long you have been graduated about business administration. i also don’t know where you live now, therefore, it seem to be hard for me to give you good advices. however, i have some advices for you to consider as below:
1. how much time you tend to spend per day for your study ( b/c most of graduated students have to spend time for working and get experiences) if you don’t go to work now, just go to the university that closed to you and register a course about trading. i believe that there are a lot of Professional futures traders inside.
2. in the case you go to work now, it means you don’t have much time to attend in class. you can register an online course about trading. do you know Larry Levin, a Pro trader who have generated more than $1,900,000.00 in just the past 4 years trading S&P futures. He also provides online course about futures trading. So, if you want to study at home, just go to Google Search, then type the keyword:
“futures trading seminar from Larry” or other keywords similar like that, you can get a list of links that lead you to his courses. finally, you can choose the best one for you.
good luck!
One of the invariable truths of life is that living costs money. Everything from what you eat to the roof over your head to the clothes on your back has required a significant investment in capital. Money, however, does not grow on trees and if you want even the very basic necessities of life you either have to be incredibly lucky or you have to work for what you want in life. Of course, some professions yield more money than others, and not all carry with them the same level of difficulty. Is there, then, a way you can make money easily?
1. Easy Money
Day trading offers the ability for you to make easy money. Of course, you need education to be successful in this kind of business as it can be a complicated process. Unlike a traditional moneymaking job, some days you can lose money. Obviously, this is a high pressure moneymaking system and it isn’t for everyone.
2. Future Day Trading
The process of performing future day trading begins with certain commodities and products what is sure to have higher demands in the future. These commodities are usually sugar, gold, oil, coffee and many more. Future trading also involves an agreement that you will be purchasing an amount of commodities and products you will be using in your future trade on a certain time and price. This technique is advantageous because you are able to sell the products and commodities in the future where it sells in a high price. This will give you money, especially if you have purchased the products and commodities in a low price.
3. With Great Reward Comes Great Risks
Future day trading can be a great opportunity for you to gain not only enough but enormous amount of money. Of course, you should be considerable of the different risks available. You can always find information on internet if you want to learn more about futures trading. Websites as well as search engines can be a great way to assist you in your search.
4. Mutual Funds
Unlike other forms of trading, such as currency trading, be careful in what you invest in. If you invest into apples, and there turns out to be a hurricane or other disaster, your money could go right down the drain. When you are dealing with livestock and agricultures, make sure you are aware of the different factors that give high influence on the commodities. To get around this problem, you can invest in a wide variety of different areas of industry. This is often called a mutual fund.
John Morris
http://www.articlesbase.com/finance-articles/make-easy-money-with-day-trading-63377.html
What is profitable trading about? You see, successful profitable trading is all about the right time frame. Are you losing money? YES YOU ARE! They say that 95% of traders lose money. The fact that you are reading this article means that you are still searching for a way to make money trading. At least you are not giving up yet. But will you eventually make money? There are over 25 ads for Forex training just this week in local papers and TV ads in my neighborhood alone. I could not believe it. Statistics show that 95% of all traders lose money trading. It is the hardest business to succeed in, and yet there is an expert teacher/trader on every corner.
Why do YOU lose? You know why. Because the mortgage payment is due tomorrow, so is your credit card payment and maybe even alimony. Somehow you have convinced yourself that YOU can make money FAST by trading currencies and pay your bills tomorrow. A pip here and a pip there, a little bit of cheap spread, trailing stop and a nap and you made millions. So you hopped on the first Forex website you could find. You opened an account and 15 minutes after funding it with your nest egg the entire $1000 is almost gone.
It was “make it or break it” for you. Someone smart once said something like this: “The way of thinking that created the problem can not be the same way of thinking to solve it”.
Markets don’t have a heart. Here is an old saying for you. Scared money does not make money. Here is another one. Trade with the trend. Here is even a better one. STAY AWAY FROM THE SMALL CHARTS. In fact, the GREATEST, BEST KEPT SECRET about trading is to trade in large time frames. Once you can get your head around the fact that you will NOT MAKE MILLIONS TODAY but will make money slowly, you just might start enjoying this little business of ours.
That is why you failed. You gambled when you were supposed to be running your own business. The fact remains that if you trade BIG CHARTS you will change your way of thinking and POSSIBLY MAYBE even make some money. Of course if I were you, I would get me some REAL Professional training first. Could you possibly start a car repair business tomorrow if you knew nothing about car repair? Come to think of it, perhaps you could, and that would explain a lot about why my car never runs AFTER the repair.
Believe it or not although a good technique has a lot to do with making money in trading, the most crucial element to success for a new trader is the trading time frame â?? which chart are you taking your trades in. I know you have been told that you can make money in 5 -10 -15 minute charts but you are being slightly misled. Although possible, it is not the easiest way, and definitely not for you until you get to an expert level. Those are the toughest time frames to trade in. Here is why.
Because there are at least 4-5 different market conditions throughout a trading day if you trade like that. They require completely different approach and some are not for trading at all. All of this thrown at you is like land mines on the road to ensure your failure.
These days thousands of new traders are opening trading accounts daily. There are more suckers everywhere. A simple risk disclosure statement that the broker is required by law to show you frees the broker from any liability from your losses. It has become like hunting for ducks and of course you are not the hunter. So don’t trade the small time frames. Trade like the pros, the secret is in the big charts. Why do they work? Because each 4 hr bar, for example, contains all the quirks and chaos of what happened in the 15 min increments and therefore what ever that last 4 hour bar looks like is probably the whole story.
You are trading on a scale of 3- 4 days and therefore a spike due to some economic news will not affect you as badly and since your stop loss will be much bigger pip wise (money wise still the same as you have adjusted your lot size to be smaller) and you will be well out of trouble and still in trade. Fluctuations of 50-60 pips will now start to mean nothing to you as you remain calm in pursuit of your first 500 pip trade. In fact it will also keep you away from the computer except for every 4 hours when you check up on your trade. This is necessary so that you do not mess with your trades. YOU happen to be the next biggest reason for your losses. But enough about you.
There is the light at the end of the tunnel. In case you ever wondered I want to make it clear to you – Yes you can make money trading and a lot of it and yes there are techniques that anyone can follow. Remember there are 25 experts in the paper this week. Hopefully at least one of those could do 5-6 profitable trades in a row. He’s the guy to talk to even if you have to pay him $10000 to teach you. Trust me, that pales in comparison to what you will lose without training.
Marijan Koturic
http://www.articlesbase.com/currency-trading-articles/this-is-why-you-lost-all-of-your-money-trading-in-forex-133816.html
Day trading is popular and you will find more vendors selling day trading systems than any other method.
People buy them yet they don’t work and guarantee you will lose longer term. Why?
Letâ??s find out.
Successful trading is all about trading the odds and you must have data thatâ??s reliable that enables you to do this.
In day trading you simply donâ??t have any reliable data to work with and therefore cannot get the odds in your favor and may as well flip a coin.
Trillions of dollars are traded daily by countless millions of traders and daily volatility is random.
Therefore, using support and resistance areas in a day session is useless.
The only people who take any notice of daily support and resistance levels are day traders and their small losing minority.
The net result is:
Day traders place stops behind meaningless levels and are then surprised when they get stopped out.
Of course, even if their lucky enough to get a profit in day trading, they break one of the fundamental rules of investing:
Run your profits
Day traders are normally glad to scalp a few points or want to close out at the end of the day.
They therefore have huge amount of losing trades and their winners are tiny ensuring that their account equity is wiped out quickly.
Still not convinced?
Then try this simple test:
Ask any day trader for a real time track record of profits over the longer term and you simply wonâ??t get one.
Of course, they can produce hypothetical track records (but their done knowing the closing prices!) so they are no use at all.
People selling day trading systems make their money selling a good story and collecting money from greedy or in experienced traders, so they are guaranteed to make money while the trader loses.
Day trading sounds great in theory but although it looks low risk it is not.
You are working with data that is simply unreliable and all day traders eventually end up losing their money.
If you want to make money in online forex trading then avoid day trading.
Sacha Tarkovsky
http://www.articlesbase.com/investing-articles/day-trading-why-you-are-guaranteed-to-lose-126528.html
The Euro responds very well to US economic news releases. There is at least one US news release each week when the market moves very fast and is an excellent (although stressful) way to make some quick big pips. One way to capture these large moves is to use ENTRY STOP ORDERS.
Entry stop orders are an excellent way to get into a trade long or short AUTOMATICALLY. Often if the market is moving extremely fast (due to an economic news release or geopolitical event) and you want to get into a trade, it is extremely difficult to get the price you click (live market order) because the exchange rate is moving up or down so fast. It is like trying to jump on a train that is moving at full speed.
An entry stop buy or sell order places an order with the dealing desk of your Forex clearing house to execute your order when the exchange rate touches the level you set the order at.
The only time I wouldn’t set an entry order would be on a Friday afternoon before the market closes for the weekend. When it re-opens on Sunday evening, the price may gap open and miss your entry order.
Nevertheless, we don’t recommend holding a trade open over the weekend anyway….too much can happen on a world level that can affect the price when the market re-opens….and not always in your favor!
The following Yahoo page outlines the economic news releases for the week. I find it very helpful because it rates every release in terms of importance on a grading scale of A-D. A denotes very important down to D with little significance to the markets. It even lists what the market expects to happen with the briefing.com forecast. I take the time on the weekend to make a note of the day and hour of the major US news releases scheduled for the next week.
1. Check the biz.yahoo.com/c/e/html economic Calendar
2. Set your entry stop buy or sell at a key level 15-30 minutes before the announcement is released. Set your stop and limit on your order by right clicking the order when it appears on your VT platform.
3. You can also “straddle” the price movement by placing a long and short entry stop or sell order (and subsequent stops) if you aren’t sure which direction the news release will send the price.
In actuality, “straddling” a trade is the most risk-free and stress-free way of trading the news. You have to practice it in a demo account to get good at it because very quickly, you’ll be closing out the losing leg.
Another trading technique would be to simply wait 5 or 10 minutes before putting on a trade after a major news release. Wait for the smoke to clear and the way to see the direction. The volatility will move the market for 30 minutes to a few hours in one direction. Put on your trade in a fast 5 min chart but then switch to a 15 minute chart to stay in the trend longer without prematurely exiting.
An easy way to trade is to only trade the major US news releases….the rest of the trading week can pretty dull, in comparison!
Remember, under all trade circumstances, trade with a stop. And keep moving it in your trade direction by about 15 pips at a time, to lock in ever-increasing pip profits! This stop trailing technique is taught in our Advanced forex course.
The above report was taken from the Euro Fractal Trading system, written by Erol Bortucene of the Day Trade Forex Team.
This unique approach to day trading the EUR/USD involves using financial Fractals and no other technical indicators, as outlined in the Euro Fractal Trading System.
Byline: Erol Bortucene and Cynthia Macy are co-authors of ‘The Day Trade Forex System: The Ultimate Step-By-Step Guide To Online Currency Trading’.
Cynthia Macy
http://www.articlesbase.com/finance-articles/euro-economic-news-release-trading-strategies-54487.html
In forex trading the odds are that 90% of traders lose. While forex trading looks simple it is not and if you want to join the winning minority donâ??t make these common mistakes.
Here are your mistakes to avoid in no particular order of importance.
1. Trying to buy success
Its tempting to buy one of the courses or e-books sold on the net that promise you wealth for around $100.00, but common sense should tell you cant buy success in the manner.
If you really want to buy one – ask for the real time track record and see the profits the vendor has made.
After all if he has made no money why should you trust his advice?
You will find in forex trading that most of these courses are sold by writers who have never traded in their
lives, or failed brokers.
In most instances you wonâ??t get a real time track record.
Donâ??t fall for the hype.
2. Donâ??t day trade
If you really want to lose money go ahead and day trade itâ??s the best way to wipe out your account equity quickly.
The odds are against you and the theory that you can tell where prices are going in such a short time period as a day is nonsense.
3. Understand and have confidence in your method
If you buy a method or do you own make sure you understand the logic it is based on or you will not be able to follow it with discipline.
If you donâ??t have confidence in your method you wonâ??t have the discipline to follow it.
If this occurs you donâ??t have a method at all!
4. Choose a simple system
Itâ??s a fact in forex trading that simple systems work best and only contain a few indicators.
The more complicated a system is the more likely it is to break in the brutal world of trading.
Simple systems are easy to understand, easy to apply and have the best chance of making you money.
5. Work Smart Not Hard
There is no correlation between how hard you work and how much money you make. You need to work smart not hard.
Get a simple system and once that is done and your trading should take an hour a day or less.
Many traders are constantly chopping and changing systems looking for the holy grail but sadly it doesnâ??t exist.
You can do it
The fact is everything about forex trading can be learned and anyone can learn the basics of good trading.
To do this you must accept responsibility for your destiny.
No one else will give you success it comes from within.
All the information you need to start trading forex for success is on the net and itâ??s free.
Get started by getting studying a technical breakout system and adding filters and you will see how easy it is.
To succeed you need to work smart, learn a method you have confidence in and then finally, have the discipline to trade it for long term success.
Sacha Tarkovsky
http://www.articlesbase.com/currency-trading-articles/forex-trading-5-common-novice-trading-mistakes-112444.html