Day Trading Tools

Whether you are looking into day trading or you are already a day trader, one thing is certain: You have to have some system or method of knowing which stocks to buy when. There are hundreds of thousands of stocks out there to choose from, in hundreds of thousands of industries. But the task can be extremely overwhelming and the prospect of having to research from among countless stocks can be an extremely daunting task.

Fortunately there exist many day trading tools which you can leverage at your disposal. For instance, in there now exist computer software programs that can analyze millions of data points across hundreds of thousands of stocks in a matter of seconds and make statistically accurate stock buy recommendations.

Leveraging a computer can save you a significant amount of time and energy in the research process. Computers can process data at a rate that even an army of stock brokers could never do. Computers can also help us make educated decisions on whether or not a stock is a good pick or not. Of course, computers cannot account for the actual human conditions that drive stock prices up and down. However, they can provide an extremely high degree of pinpoint accuracy as to the probability of a stock's likelihood of surging in value in a short time horizon.

As a day trader, you want to make a living by spending as little time as possible in front of a computer. Otherwise what's the difference between being a day trader and sitting in a cubicle at the office, if you have to spend 8 hours a day chained to your desk? Leveraging the power of day trading tools such as stock analysis software can greatly simplify your investing experience and multiply your profits exponentially.

See how stock analysis software can help you become a more effective day trader. Article Source: http://EzineArticles.com/?expert=Hyder_Khan

What Is The Foreign Currency Market And How To Trade The Forex Market?

First of all, let me tell you what foreign currency market or simply, forex market, is. Most of the people heard about the trade market and suppose the you know what's implied. You exchange the goods for the money. The same is forex market, it is trading one foreign currency for another one.You won't have to pay any commission based on buying or selling. Practically, you sell one currency to buy another currency.Your profit is based on the difference of the value between the currencies. Simply, the foreign exchange is the trading related to currency conversion.

Forex market is the biggest market nowadays, with a huge value of $3 trillion exchanged every day and most important, one of the most profitable of all. Until recently,better say 1998, was impossible for ordinary people to enter in this huge market. Why? Simply because they don't have the systems, informations, and know-how as the large banks, governments, big financial institutions and multinationals companies have.However, in the last ten years the means of communications have changed, and, especially with the development of internet, now many people find it easy to trade forex from their home and take a share of profits from this market.This is possible as foreign currency market is trading 24/7 hour/day, not like the stock market which is open only the working hours.

So, how exactly does the forex market work? Always, foreign exchange quote comes in pairs, something like EUR/USD.The first part represents the base currency, and the second is the counter currency.Practically, you want to change Euro currency for US Dollars.You can purchase this quote when you expect that the Euro will increase, hence you want to make a profit bigger than the initial invested sum.

How can average Joe can enter this market? Well, there are many brokers out there.However, you must carefully choose it.The best advise is to choose one which has been on the market for quite a long time. And, with the internet, the online currency conversion has become even more easier.But for the beginners and intermediate levels I would recommend start with some automated forex trading systems witch can minimize your losses while learn more about forex trading market, and, in the meantime you could develop and test your own trading system.

If you would like to find out more resources and informations about forex currency market and automated forex systems you can visit my website http://www.squidoo.com/forex-assasin-review Article Source: http://EzineArticles.com/?expert=Roxana_Kusuma

Forex Killer - Cheat Your Way Through Forex Trading

The Forex Trading market, with sales of more than 1.4 trillion dollars is the largest liquid market known today. Also known as the Foreign Exchange Market or FX, Forex is one of finance's most lucrative markets offering real possibilities of success for individuals and or financial institutions.

Forex trading does involve a certain element of risk since it is principally driven by speculation and forecast. The level of expertise by which a trader is able to interpret these trends will dictate the overall trading success and whilst this statement would appear to preclude all Forex beginners, today's technology enables any trader with or without prior knowledge of the Forex industry to excel in this market and I will reveal one such software later on in this article. But as far as risks are concerned, it is important to stress that whilst they are real, they are also very small compared to other financial trading instructions.

Established in 1971, the Foreign Exchange Market did away with "Fixed" currency exchange and replaced it with the "floating" of currencies determined by market forces such as demand and supply. In one sweeping movement, it also eliminated any attempt to subvert currency market by institutions looking to influence the market by external means.

The Forex Exchange Market is linked together in one large electronic network. Currencies tend to fluctuate on a regular basis and it is these currency fluctuations that make Forex Trading so attractive to traders all over the world.

Just as the sophistication of technologies advances, so does the reach of these electronic networks which are becoming more and more available to the public at large. Whilst Forex Trading had traditionally been reserved for central banks and large financial institutions, technology has made it possible for "mom and pop's Forex Trading Operations to get involved in this overwhelmingly profitable industry.

Forex is open for business 24 hours a day. When a part of the financial world business goes to sleep another one opens its door to a brand new day of trading and forex traders can thus use these time capsules to their advantage and literally trade 24 hours a day , 5 days a week. In addition, Forex is much more predictable than stock and other trading institutions and thus the risk are not as high.

There is no other legal industry available today which provides more opportunities for profits than the Forex Exchange. Currencies fluctuate frequently and as such form the premise for profits. (Or loss if you don't know your way around, or do not have the right tool such as described below!)

Traders attempt to forecast these fluctuations to the extent that they can then buy and sell in order to make a profit, and whilst it is true that knowledge and expertise in the forex market was vital in the past, this is no longer the case today.

I am not suggesting that knowledge and the interpretation of data is a thing of the past, but there exist today software programs designed from the ground up to make it easy for complete beginners to begin trading immediately with end results similar to those achieved by so called "experts"!

One software program in particular comes to mind. If you are looking for the ultimate Forex application, none is better than Forex Killer, which was designed and created by one of Forex foremost gurus.

Novice and expert traders alike can use this easy to use application which goes as far as suggesting what currency should and should not be bought! Talk about making it easy!

Forex Killer is so above anything else in the forex trading world that is has been nominated as the number one cash flow generation online opportunities by CNN. In terms of genuine money making opportunities, none will serve you better than Forex Killer.

Forex Trading provides the ultimate opportunity to start a successful online business. As such Forex Killer was even voted as the number one cash flow generation online opportunities available today by CNN! Article Source: http://EzineArticles.com/?expert=Jacob_Eskena

Scalp Trading and Razor Thin Profits

Scalping is known for buying and selling within a matter of minutes. Unlike swing trading of holding positions for a few days or weeks, or even the day trading strategies of holding positions for hours, scalping involves holding a position for a matter of minutes. In just a few minutes, scalping can yield a highly leveraged trader thousands of dollars.

Who Scalps?

Professional traders that use scalping techniques are numerous. Scalping is best known for its impact on the foreign exchange markets where the commission is built into the price and prices move more smoothly than equities markets. Scalping requires buying and selling in a short amount of time for a very small return on investment. It is the volume of profitable trades that results in a lucrative strategy.

Small Wins, Smaller Losses

One major downside to scalping is the razor thin profits it produces. For example, traders must give up a few cents or pips in Forex just to make back the commission, and then have the stock move their way a few more pips. For most currency pairs, scalpers will pay up to 50% of their profits just in the spread. Highly liquid currencies get this ratio down to much lower levels of about 25%, but the challenge remains the same. Day trading lowers the overall profit considerably because of the high amounts of commission built into the price.

Some believe that producing consistent profits is much easier in scalping because of the short entry and exit times. The odds of constant success with scalping are much lower because of the amount of spread paid for each trade. Scalping also requires full-time position of monitoring your investments, as many professional traders will make up to 40-50 trades in one day alone. Losses are numerous in scalping, but the profits usually outweigh the losses.

Make Your Own Trading Style

Developing a proper trading style for scalping usually involves very short stop losses of just a few cents or pips, but profits are usually set at multiples of the stop losses. For example, a popular strategy in Forex is to place a stop loss at -10 pips but a take profit of about 15 pips. With this specific strategy, a professional trader needs to generate a profit on 2 out of every 5 trades, something that can be more easily accomplished than winning 50% or all of the trades. Scalping isn't for everyone, but for the few dedicated enough to make it work, huge profits can be realized in just a few minutes.

About the Author: Leroy Rushing is an active, professional day trader; trading coach; and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide. Trading EveryDay also has many articles with unique perspectives on day trading. Article Source: http://EzineArticles.com/?expert=Leroy_Rushing

Trading Illiquid Stocks

Illiquid stocks usually have bigger ticks than more fluid stocks, but generate larger gains with less volume. Less volume means that it takes less to push a stock up than it does to push a heavily traded stock. Trading illiquid stocks can help improve your trading and make a trader more knowledgeable on the effects of volume. Illiquid stocks can help investors reach trading goals much faster as each movement is much larger than the movements in high volume stocks.

How to Generate Profits

Proven strategies for profiting from illiquid stocks are gap strategies. Low volume stocks are much more prone to gapping, and thus, strategies for gapping up and strategies for gapping down are much more effective in trading these stocks. Technical analysis can be more difficult to apply to low volume stocks, but is much more profitable on moves than high volume. Technical analysis indicators are choppier and less fluid than on high volume securities.

Less Data More Decisions

If you've ever taken a look at a stock chart of a low volume stock, you'll see that technical analysis doesn't apply as well. Moving averages can be as volatile as the price itself, and momentum indicators are less accurate. Custom indicators with longer data timeframes and special weighting can help smooth out the ups and downs and give a better picture of future direction.

Back to the Basics

The basic trading fundamentals, such as earnings reports and price to earnings ratios, are much easier to comprehend and apply to these stocks than technical analysis. Fundamentals work over the long term much better, as they show real value of a company rather than the day to day trading range. While not completely custom indicators, a long term PE reference will help you determine if the stock is oversold or overbought much better than the technical analysis counterpart, the RSI.

Lower Volume Can Be Better

Low volume stocks need less attention than the ever changing favorites like the QQQQ or common ETFs. The price action of penny stocks, low volume stocks, and other illiquid investments is much more contained and infrequent, allowing a trader time off in between trades. Proven strategies like earnings reports and fundamental analysis works well on the lower volume stock, and for long-term investors, the most illiquid stocks are the best.

About the Author: Leroy Rushing is an active, professional day trader ; trading coach; and author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide. Trading EveryDay also has many articles with unique perspectives on day trading. Article Source: http://EzineArticles.com/?expert=Leroy_Rushing

The Dumb Mistakes Most Traders Make When Using A Forex Signal Trading System

If you are using a Forex signal trading system to aid you in your day trading, you should continue reading this article. In this article, we will cover 3 dumb mistakes that are often made by most traders. They are - over-reliance,forget to set a stop-loss limit and do not follow the current news. After reading this article, you should be able to trade using a Forex signal trading system wisely and reap the most benefit out of the automated (or semi-automated) system.

Firstly, using a signal trading system will cause the problem of over-reliance if you are not a disciplined trader. It is not advisable for a new trader to be too rely on the trading system because this will cause them to trade without any prior knowledge in the Forex currency trading. While many of the new traders have some success using certain signal trading systems, they should first have the fundamental knowledge so that they can do the basic analysis to determine whether the signal generated can be trusted.

Secondly, many traders tend to be greedy and have too high of thrust in the Forex signal forecasting software and do not set a stop-loss limit. Some of them even invest more than 20% of their deposit. Sometimes, due to a sudden breaking news, the prices might go against your investment. Such a sudden great loss might cause a margin call (broker cancels all your positions) and ultimately, you will be the one who suffer. Therefore, no matter how accurate your forecast software is, you must set a stop-loss limit as well as an investment threshold.

Lastly and the most importantly, many people only care about trading and earn short-term profit using the Forex signal trading system. They do not follow the latest news and analyze how it is possibly affect the currency pairs in the future. Since the signal forecast software is not being updated frequently, after a period of time, its analyzing skill will be obsolete because it does not take into the account of the current news. Therefore, you should always keep your trading system and your brain updated with the latest financial news.

Profiting using a Forex signal forecasting software is possible and achievable. However, you should not do any dumb mistakes if you are going to rely on it. Currently, I'm providing a free 7 days Forex enrichment course. Inexperienced or experienced Forex traders are welcome to join and share the online Forex currency trading info in my course. People who attend my course will have the opportunity to have their hands on the Forex signal trading system that is currently used by my team. You can reserve your place in my course in my Forex Mentor website. Article Source: http://EzineArticles.com/?expert=Greg_F._Morris

The Simplest Way To Find Forex Day Trading Signal Like Pros

If you are searching for information on how to find Forex day trading signal, then you should continue reading this article. In this article, I will introduce you the simplest way to find a profitable Forex signal. The article will cover 3 main points - why you should use a signal generator, how reliable it is, and other alternatives to get profitable signal. After reading this article, you should be able to identify profitable day trading signal and start trading like pros.

One of the simplest and hassle-free ways to search for trading signals is through using signal generator software. Basically, this software analyzes the market trend and point out several points that are profitable. Now, most experts are depending on certain softwares to aid them in analyzing the market trend, and signal generator can be regarded as the most important tool to them. The reasons why they use a signal generator is because it can reduce the time spent in analyzing the market, it is more accurate because it handles all the mathematics accurately and it is free from biased and value judgment.

Many new Forex traders might worry to use a signal generator because they do not know whether it is reliable in predicting the Forex day trading signal. The Forex market is formed by 90% of trend and 10% of volatility. Most of the traders profit in Forex trading by referring to the buy/sell signals 90% of the time and only a handful of risk-takers try to reap huge profit during the 10% sudden spike. With an accurate Forex signal trading software, one will be able to profit 90% of the time because it can predict trend accurately. Human on the other hand, is prone to analytical error and value judgment. My team and I are currently using a Forex day trading signal generator with an accuracy of as high as 92%.

Other alternatives to get profitable signal will be to hire a Forex expert or join a membership site that provides profitable buy/sell signals. However, it will be very expensive to do so and will incur an initial cost of few thousands dollars every month. On the other hand, using a signal generator is much cheaper because most of them only incur a one-time cost.

To learn how to find profitable Forex day trading signal on your own is not easy. Currently, I'm provding a free 7 days Forex enrichment course. Inexperienced or experienced Forex traders are welcome to join and share the online Forex currency trading info in my course. People who attend my course will have the opportunity to have their hands on the Forex signal trading system that is currently used by my team. You can reserve your place in my course in my Forex Mentor website. Article Source: http://EzineArticles.com/?expert=Greg_F._Morris

Classical Arbitrage Strategies Explained

Now that I have described pair trading, the next topic of interest lies in "risk-free" arbitrage strategies. Due to generally limited literature, this subject remains heavily veiled behind institutional trading.

Classical arbitrage defined

Classical arbitrage applies to any business strategy where one exploits market inefficiencies for a risk-free, self-financed profit. Discrepancies in offered values of same underlying commodities/services present the said "market inefficiencies".

I had provided some examples a while ago on the blog. They present some direct and practical business models or trading schemes applied by real life people.

Are they really entirely risk-free?

No, but it takes much less effort to control the risks arbitrage strategies face, as profitable trades occur regardless of market movement or volatility exposure. In other words, common risks associated with naked stock positions disappear.

Liquidity, price impact, and transaction costs (associated with transaction sizes) generally become manageable via adequate calculations. Mathematical finance helps to optimize arbitrage strategies via things like linear programming or vector space representations, but to become basically profitable (just not maximized), anyone with basic algebraic understanding can manage it.

Do you need huge capital to apply arbitrage strategies?

No. Many opportunities exist for traders of all levels of account sizes. Though of course the larger the trades, the more insignificant transaction-costs become which makes rewards more attractive.

Quick example:

A NZ company is listed on both the NZSX and ASX, and today at close you see the following prices for the stock:

(Hypothetical prices)

At NZSX: $10.00NZD/share

At ASX: $10.50NZD/share

You sell 300 shares short on the ASX (requires $3,150 cash in account), then buy 300 shares of the stock long on NZSX. When prices converge you close both positions.

Total initial cash requirement: $6,300

Total profit: $150

Total transaction cost (at $30/trade): $120

Total net profit: $30

At $30/trade, the brokers here charge way too much, hence making arbitraging in this manner not-so-attractive.

So, with a few thousand dollars, anyone can make money in these markets regardless of market movement.

Reasons why not all traders apply these strategies

Some simply do not understand it or never bothered looking it up. Then for others, the returns remain too low. While arbitrage strategies offer double digit returns per year with very low-risk, ambitious traders aim for much higher targets.

Exceptionally high returns require strategies of highly active management and innovation. Though once found, the mentioned arbitrage models do not look attractive anymore. I have met traders who make over 1% per day, consistently, so yes it is all possible.

The Mathematical Think Tank http://matdays.blogspot.com/ Article Source: http://EzineArticles.com/?expert=Rocko_Chen

Day Trading Forex Currencies - What Is Day Trading?

Day trader can be defined as any trader who makes several trades in a day, which includes selling, buying, entering and closing out a trade in the same day. In simple words we can say that a day trader makes trading in the market wherein the trader sells, buys scripts in a day. Forex day trading is the same thing; the only change comes where in Forex currencies replaces the stock. The commodity changes when it comes to the Forex which is currency.

Forex day trading differs with trading in stocks in the sense that, in Forex day trading we cannot buy currencies for a longer period of time like our children or grandchildren get benefit from them because it will not grow as the exchange rates fluctuate too quickly, whereas in stock trading, the shares are purchased for a longer period of time where our children or grand children get the benefit from them. This type of investment requires good amount of time as well as money. Time is required to educate the investor who is making investment in the Forex market.

We can compare Forex day trading with the trading in the futures market, the only difference between the two markets is, in Forex, the liquidity is higher than the futures market and trading costs are lower. The people who involved in the day trading are professionals who are not only intelligent and well educated but they also understand the market trends and charts which help them in making forecasting possible.

In short, we can say that Forex day trading is risky business which can be profitable and can end up putting you in losses, it can be exciting or frustrating but one thing is for sure about Forex market that it can never, never be boring.

Making money with forex is not easy. You have to have a system and set of rules to succeed in this harsh market. I have been trading forex for 7 months and was not successful until I found Forex Killer. I lost 4 accounts and thousands of dollars before I found Forex Killer and since then I have never had one single losing week. Its a revolutionary system which gives you exact entry and exit points with stop loss and target profit. I have been averaging 1800 pips per month since I started using Forex Killer. Read my personal story and experience on Forex Killer HERE Article Source: http://EzineArticles.com/?expert=George_Alvin

What Is The Forex Assassin System And How Does It Work?

Forex Assassin is a good trading system for you and your lifestyle The problem is
do you really want to spend countless hour in front of your computer screen to watch the market trends, only to see that what is working to a professional traders don't seem to work for average Joe who is sitting at home and try to make some money out of trading currency market? There are lots of trading systems out there, recently there are more and more robots introduced to the market and for the little guy out there.

These robots take a trading formula and find all your profit and, if you leave it running , it's stop the losses for you automatically. The downside with this, is that market conditions change every day, so you still have to monitor them to make sure you are profitable.

Is there any good trading system to use?

I saw so many good forex trading systems lately which promise you to make lots of pips, and most of them they do. However, it requires big effort in gathering the data which you must input to make the system work. This is one of the reason I love Forex Assassin system. It requires you only to introduce the price data, i.e. USD/EUR , USD/GDB OR EUR/GDB, and that's it.You only need to find these data, not spend so much time in studding the charts.

How does it work?

Forex Assassin trading system is a very easy and simple, yet effective way of trading currency market. It is using a completely time driven strategy that uses time zone, so you can utilise it even if you have a day time zone. This is a big relief, as many people cannot take the risk of being full-time forex trader, at least at the beginning.

So, using the price of currency pairs that I searched for, I input the data into the formula spread sheet that the system provided me with, and after that it will calculate me the profit and stop losses points. No more overloads of information with which you don't know what to do and how to use it.

For more information on how this system works, you can take a look at http://www.squidoo.com/forex-assasin-review Article Source: http://EzineArticles.com/?expert=Roxana_Kusuma

What A Forex Day Trading Software Can Do - An Article By A Forex Mentor

If you are looking for the secrets of a Forex expert, then you should continue reading to find out what tools that are used by a Forex expert. This article will cover 3 major points - what is Forex day trading software, what is it so essential and where can you find it. After reading this article, you should be able to trade like an expert using the trading software.

In this world, there are many self-proclaimed successful Forex expert. However, many of them do not have great skill or great knowledge in world market, world news as well as world economics as compared to the traders back in 1980s. Today, there is only a handful of Forex experts that are still trading manually and using comprehensive economics and finance knowledge. And, a majority of the Forex traders are using some sort of Forex day trading software to aid them in daily trades.

There are different kinds of trading software available to the traders. Generally, a trading software would have features like charting, news collecting, trend predicting, predicting possible buy/sell signals and automatically buy/sell for the traders. While a new Forex trader will be wary of using such tools, after at a certain stage, he will get exposed to such tool and will have to depend on such software to break the bottleneck. A day trading software is essential is a sense that it can reduce the amount of trend calculation and collecting news by searching in the Internet. With a click of mouse, the software will be able to compile a comprehensive data from the archives of news available in the Internet.

Whilst there are many Forex day trading softwares available in the Internet, my team and I have been seeing great success from a particular software in recent years. We were invited to beta test the software few years back and since that time, we have started to use this day trading software extensively. You can find out more about the software in my Forex mentoring website below.

In conclusion, no matter you are a new Forex trader or an experienced Forex trader, if you are still trading manually and do all the research manually, I would advise you to try familiarizing yourself with the Forex day trading tool. Currently, I'm providing a free 7 days Forex mentoring course to all new Forex trader (experienced Forex traders are welcomed too). You can attend the course through this Forex Mentor website. Article Source: http://EzineArticles.com/?expert=Greg_F._Morris

Most Useful Forex Tool

There are several tools that you can use to help you trade the forex market. A really popular tool that a lot of traders use is called pivot points.Pivot points are very useful tools that use the previous days highs, lows and closings to project support and resistance levels for days in the future.

There are a couple of different kinds of pivots that can help you when you want to do a specific type of trading. One type of pivot is called a Daily pivot. Daily pivots are pivots that are calculated from the previous days high, low, and the close which ends at 5pm. Daily pivots are more useful for swing trading.

Another type of pivot point is the 4 hour pivot. 4 hour pivot points are pivots that are calculated from the previous 4 hours and they end at 9:00pm, 1:00am, 5:00am, 9:00am, 1:00pm, 5:00pm. The 4 hour pivot points are very useful for the intraday trading. The last pivot point is the is the long term pivot. Long term pivots provide an area of where key support and resistance levels should be.

Daily pivot points are useful for swing trading; while 4 hour pivot points are useful for intra day trading. Longer term pivot points provide an idea of where key support and resistance levels should be. Place the pivot points on your charts and see how traders appear to give pivot point levels a lot of respect.

You can check out a chart to see all of these pivots in action at actionforex.com. Learning how to effectively use pivots can greatly increase your success in forex trading. You can also have the technical stuff done automatically if you have the right software.

Here's a link with some free info: Forex Pivot Points This article was written by Steve H. We offer forex pivot points expert advise. Visit our site for a free report on the following topics: chart forex signal, predict forex, forex alerts, forex edge Article Source: http://EzineArticles.com/?expert=Steve_H

Forex Trading Is Not Difficult!

Every one has seen the many different types of software products and ebooks available on the topic of forex trading. They all usually offer a so called unique strategy with a big fat price tag. But what they all have in common is, most don't work.

There are a lot of people that will have you believe that it is virtually impossible for a beginner to make any money in the forex market because the internet is so saturated with crappy products that are designed by people that want to take your money. The art of forex trading can be very difficult if you are not trained correctly. You need to know how to analyze charts and anticipate market changes and you can't learn that overnight.

But don't give up your search just yet. There is a way that forex trading can be relatively easy. What you have to do is find something that can do most of the work for you. If you can find a product that can simply do all of the analytical research for you, then tell you when to buy and when to sell, you would be home free. Add on top of that a trial period for you to test the waters with a low investment and you'd really be cooking. Trust me, there are good products out there for forex trading. Just look for realistic benefits that won't put a hole in your pocket and you will be fine. There is a lot of crap out there but I have a good resource on my site.

Here's a link with some free info: Forex Pivot Points This article was written by Steve H. We offer forex pivot points expert advise. Visit our site for a free report on the following topics: chart forex signal, predict forex, forex alerts, forex edge Article Source: http://EzineArticles.com/?expert=Steve_H

Marcus Leary's Forex Auto Pilot - Why Is It Such a Popular Trading Software?

Marcus Leary is a veteran forex trader and the creator of the well known Forex Autopilot currency trading software. To this day, ForexAutopilot has been used by thousands of traders from all corners of the world and enjoys positive reviews. But why is that? What makes this software so popular among novices and experienced traders alike, especially when there's at least one more excellent software on the market today?

I believe that the following reasons explain why Marcus Leary's Forex Autopilot is so popular:

1. This is an automatic Forex Trading software which allows people to trade the market automatically. This means that this software can trade for you even while you sleep so it can make you more money.

2. Using FAPS saves you a lot of time since you don't need to spend a lot of time monitoring the market any longer.

3. ForexAutopilot is based on mathematical models which increase your chances of making profitable transactions in a continuous manner. Realize that no software has a 100% transaction success rate. However, Forex Auto pilot is mostly correct.

4. Using an automatic trading system like this one can help you make more transactions since the software can identify more opportunities than you can and so make more profit.

5. Forex Auto pilot helps you to take a lot of the uncertainty out of your trading and so makes it a much more enjoyable, positive, and enriching experience.

Overall, the main reason I believe why Marcus Leary's software is so popular is that it helps turn the amateur trader into a professional one. In doing so, it can help him or her make more money on the market.

To read more about this software, click here: Forex Auto Pilot Review. John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Forex Trading Softwares. Article Source: http://EzineArticles.com/?expert=John_J._Drummond

How Much Money Do You Actually Need To Get Started In Day Trading?

I hear this question a lot from aspiring day traders, and the answer really depends on the market you want to trade. For traders who have no idea what markets they SHOULD trade at this point, here's an idea of how much you need for the main markets:

1.) If you want to day trade stocks, then you need at least $25,000 in your trading account.

2.) If you want to day trade futures, then you should have between $5,000 and $10,000 in your trading account.

3.) When trading options, you should have between $1,000 and $5,000 in your trading account.

4.) If you're thinking about trading forex, then you can start with as little as $500 in your trading account.

You should choose a market that matches your trading style, your lifestyle, and your overall goals for trading. Financial considerations are always important, but don't make the common mistake of letting your current financial situation dictate which market you're going to trade.

Remember, as with all things in life, you should first define your goal, and then plan how to achieve it.

If you don't currently have sufficient funds to trade the markets you've outlined in your goals, then start doing something about it now - save more money or put in overtime hours. There are a lot of ways to make a few more bucks, and it's better to wait for the funds you need than to begin trading in a market that isn't right for you and your goals.

For those of you who already have the right amount of money in your savings account, let's talk about the question, "How much money SHOULD you trade?"

Many first-time traders think they should trade all of their savings. This isn't true! To determine how much money you should trade, you must first determine how much you can actually afford to lose, and what your financial goals are.

Begin by determining how much of your savings should remain in your savings account. It's important to keep three to six months of living expenses in a readily accessible savings account, so set that money aside, and don't trade it! You should never trade money that you may need immediately. Unless you have funds from another source, such as a recent inheritance, the remaining amount of money will probably be what you currently have to trade with.

Take a good look at how much money you can currently afford to trade. You don't want other parts of your life to suffer when you tie your money up in a trade, so make sure to consider what these savings were originally for.

Next, determine how much you can add to your trading activities in the future. If you are currently employed, you will continue to receive an income, and you can plan to use a portion of that income to build your investment portfolio over time.

Here are two more important things to remember:

1.) As outlined above, certain types of investments require an initial deposit amount to get started. However, don't get too nervous - this does not mean that you will be risking the whole amount. Many traders are only willing to risk 10% of the initial deposit, and that's okay.

2.) Never borrow money to trade, and never use money that you can't afford to lose! It may be clich, but nothing could be truer!

Markus Heitkoetter is a professional day trading coach and author of the "The Complete Guide to Day Trading." In this book, he lays out a simple, proven system for trading success. He covers it all, from the basic essentials to the actual process of making money in the markets. Visit http://www.thecompleteguidetodaytrading.com to learn more. Article Source: http://EzineArticles.com/?expert=Markus_Heitkoetter

The Ins and Outs of Performance Reports

Every trader should test the trading strategy that they're using. And, while testing your trading strategy, you should keep detailed records of the wins and losses in order to produce a performance report. Many software packages can help you with that, but a simple excel sheet will do the trick just as well.

Below are three things crucial to every performance report.

Net Profit

The first figure to take note of is the total, or net, profit. Obviously you want your system to generate profits, but don't be frustrated when, during the development stage, your trading system shows a loss; try to reverse your entry signals.

You might have heard that trading is a zero sum game. If you want to buy something (e.g. a certain stock or futures contract), then somebody else needs to sell it to you. And, you can only sell a position if somebody else is willing to buy from you at the price you're asking.

This means that if you lose money on a trade, then the person who took the other side of the trade is MAKING money. And vice versa: if you're making money on a trade, then the other trader is losing money. In the markets, money is not "generated." It just changes hands.

So, if you're going long at a certain price level, and you lose, then try to go short instead. Many times this is the easiest way to turn a losing system into a winning one.

Average Profit Per Trade

The next figure to look out for is the average profit per trade. Make sure this number is greater than slippage and commissions, and that it makes your trading worthwhile. Trading is all about risk and reward, and you want to make sure you get a decent reward for your risk.

Winning Percentage

Many profitable trading systems achieve a nice net profit with a rather small winning percentage, sometimes even below 30%. These systems follow the principle: "Cut your losses short and let your profits run." However, YOU need to decide whether you can stand 7 losers and only 3 winners in 10 trades. If you want to be "right" most of the time, then you should pick a system with a high winning percentage.

Conclusion

The above examples provide you with some guidelines, but it's up to you to decide whether the numbers in the strategy's performance report work for you or don't.

Ultimately, YOU'RE the one trading the strategy, and YOU'RE the one who has to feel comfortable with the expected results of your strategy.

Markus Heitkoetter is the CEO of Rockwell Trading, Inc. and the author of "The Complete Guide to Day Trading." Loaded with easy-to-use information, proven and reliable trading strategies, and clear-cut guidelines to success, the result of this book is a practical hands-on approach to day trading. Check it out at http://www.thecompleteguidetodaytrading.com Article Source: http://EzineArticles.com/?expert=Markus_Heitkoetter

Tips on Online Trading Stock and Option

To profit from online trading stock and option you will have to put what you know about "stock trading" out of your head... because its not about company value, financials, or debt ratios... its about trading at the right time, and knowing when to get in and out. I'm about to give you some solid tips about online trading stock and option that will be very beneficial to your trading...

Whether trading for a living, or trading for fun, trading stock online can be a dangerous area for novices. The market will eat you up and spit you out, if you think you can just randomly pick stocks and make your profits. In the financial crisis our country is in, the big stocks are just as unsafe as the penny stocks. Holding stock is a dangerous boat to be in, but it can be done... if done properly.

Tip #1 - Only use money you can afford to lose... because the unexpected can happen at any time.

Tip #2 - Trade on paper first, before you use real money... test your method before you begin

As I stated above, holding stock is a dangerous boat to be in... this is why I don't hold for more than 3 days at a time. I am not a day trader, I am a swing trader. Day traders never hold stock overnight, and a swing trader rarely sells the same day.

Both types of traders rely on "technical analysis" to indicate to them when to buy and sell. The reason for this is, no matter what company it is... the indicators are all the same. A swing trader knows when to buy and when to sell... always. Swing trading is a safe way to trade short term, because you know exactly when you are going to enter into a trade, and when you are going to exit.

I sell above my buy price on over 75% of my trades, sometimes for as little as a $100 profit, sometimes as high as a $3000 profit. Once you learn the art of swing trading, you will see why its possible to do this for a living.

Want to know how to use swing trading to make hundreds of dollars per trade? Read part two of this article on my blog. The link is below.

Make hundreds of dollars by using the art of swing trading, see part two of this article at http://swingtradeguru.wordpress.com/ Robert Crawley has been an internet and TV guru for over 15 years and has a extremely profitable swing trading record. Article Source: http://EzineArticles.com/?expert=Robert_Crawley

Be Fully Equipped To Make Money With Forex Trading

You can make money with Forex Trading if you are fully equipped with the knowledge and skills required in currency trading. This is far from gambling and you need to be aware about such investments before you start trading. Online currency trading is done through Forex transactions. This is a popular way for investors to broaden their investment opportunities. However, be prepared on the race to the top since the competition is intense in online currency trading.

You can make money with Forex Trading if you are committed. This form of investment is also available to everyone in the world today. The Forex market has become the biggest financial market in the world while online currency trading is one of the fastest growing investment conduit in the financial markets.

Forex investing is based primarily on the web, and as such you can make use of online currency trading services 24 hours a day. You can start getting the hang of Forex trading by using a demo with a broker for 30 days. There are Forex brokers who are willing to provide training on their advanced online currency trading system.

There are also companies which offer software along with foreign currency exchange services which emphasize and incorporate Forex trading strategies.

There are ways through which you can become a well equipped trader so that you can make money with Forex Trading. You can become so by developing your own personal strategy, setting up an account with a currency broker, and learning more about margin accounts.

You should work towards developing your own personal trading strategy to make money with Forex Trading. This Forex trading strategy should not be generic and should involve your own personal master plan. Be able to assume certain risks but to be safe and sure you should think of your plan well.

Before you start in Forex investing, it is necessary for you to set up your account with a Forex broker. Choose from the best of the available brokers online. Research on those who require fees which fit your budget and most especially those who are very experienced and skillful in this form of investing.

It is essential to learn about margin accounts because they are the lifeblood of currency trading. Make sure you understand the Forex broker's margin terms before you set up an account. You need to be aware of margin requirements and calculations.

Knowing what investment is all about, how to make money with Forex Trading and how it operates before actually conducting any trading should be considered. Check out my blog which serves as a one-stop learning resource for anyone hoping to be adept in investing in Forex.

How Does Forex Killer Work?

Forex Killer is one of the most popular Forex advisory softwares in the world today. With thousands of users and rave reviews from around the globe, it is only natural that this software is the subject of a widespread discussion in the trading world.

So, how does Forex Killer work? What does it do, and what doesn't it?

The first common misconception that I've encountered about Forex Killer is that it trades for you automatically. This isn't true and I want to be clear on that. Forex Killer isn't an automatic trading software. Of course, it works automatically as does any software, but it doesn't do the actual trading for you.

How Forex Killer works is very simple: you feed into it the market data for whichever Forex pair you wish to trade. You then click a button for the software to do it's calculations which are based on complex mathematical models and analysis tools. The result is a trading signal for you to use or not use at your own discretion. The decision is yours to make. You don't have to follow each and every signal Forex Killer gives you, though you should follow most of them if you're really serious about using this software.

You take the signal which the software gave you and feed it to your online broker or over the phone to your offline broker. All you need to do then is sit back and let the market play itself out.

But does Forex Killer work? Do it's signals deliver the goods? The answer is that they don't succeed 100% of the time, but more often than not, this tool can help you make much more money on the Forex market.

Day Trading Basics - Selecting A Broker

You may wonder if you really need a broker. The answer is yes. If you intend to day trade, then you must have a broker. And it doesn't matter whether you are trading stocks, futures, forex, or options: unless you are a member of the exchange, you won't be able to place your orders without a broker.

Stock-, futures-, and options-brokers are required to pass different tests in order to obtain their licenses. These tests ensure that the broker knows his business and will be able to support you if needed.

In most cases, brokers earn their money from commissions on sales. When you instruct your broker to buy or sell, they earn a set percentage of the transaction. Many brokers charge a flat 'per transaction' fee.

There are two types of brokers: full-service brokers and discount brokers.

Full-service brokers can usually offer more types of investments, may provide you with investment advice, and are usually paid in commissions.

Discount brokers typically do not offer any advice or research; they just do as you ask them to do, without all of the bells and whistles.

So, the biggest decision you must make when it come to brokers is whether you want a full-service broker or a discount broker.

If you are new to investing, you may need to go with a full-service broker in order to ensure that you are making wise investments. They can offer you the skills that you lack at this point. However, if you are already knowledgeable about the market you want to trade, then all you really need is a discount broker to make your trades for you.

Selecting the right broker can be a tedious battle for most traders. There are more than a hundred online brokers today and additional choices are becoming available all the time.

You'll need to double your diligence if you're looking for a forex trading broker. Since the foreign exchange market is worth trillions of dollars, it offers lucrative opportunities for brokers to set up their firms online. And since the foreign exchange market is decentralized, it can be hard to identify quality brokers amongst all of the unscrupulous brokers with fraudulent practices.

Your chances of finding an honest and reliable forex trading broker will dramatically increase if you use the following guidelines:

- Always request references that you can actually speak with.

- Do a check with the local regulatory agencies and make sure that the forex trading broker is registered. For U.S.-based brokers, see if they are registered as Futures Commission Merchants (FCM) with the Commodity Futures Trading Commission (CFTC), and registered with the National Futures Association (NFA).

- Compare the account details, such as the minimum deposit required, leverage, spreads, and so on. Ask them specifically if commissions are chargeable, lot fees, etc. This is to ensure that you do not incur hidden costs. Some sneaky brokers will deliberately give you an impression that they are the cheapest to use, but in actual fact, they'll hit you where it hurts when it comes to hidden charges.

- The trading platform needs to be user-friendly. Many traders, especially first-timers, find it challenging to navigate trading software. Just making sense of the charts and currency prices can be a challenge. So, if there are demo accounts, try them.

These are just a few recommendations, but they should help immensely. Remember, this broker or brokerage is going to be your teammate when it comes to making you a wealthy person. So be picky and be cautious.