Learn to trade

Here are some learning to trade that you must knwon.  

Lots of people are eager to invest in the stock market; many jump right in with no preparation and education. Lots of people take tips from a co-workers or friends for their investing and trading. If you are really serious of earning great returns from the stock market you should learn from investors making a living at it. Finding someone to teach me to trade was pivotal in trading the market for me.

Option stock trading and stock trading can bring good to great returns quickly it also can bring losses for the over eager and undisciplined trader or investor. Knowing what to look for and being patient with stocks and options are two of the most important rules of trading. For the undisciplined and uneducated trader and investor Too often, these mistakes lead to financial losses, and for some financial ruin.

7- Steps to Successful Trading 

1. Basics of understanding trading 

 - treating you're trading like a business. In order to be a successful trader it will require some time, attention to detail and a serious attitude from you. The best way is to say it is really treat it like a business. Be smart in your decisions and remember the first rule is - don't lose money - and the second is keeping the money you made. Any business losing money for any length of time will be soon out of business.  

2. Psychology 

 - winning characteristics of a successful trader. Many people do not talk about this much. To really master trading you must tame your emotions of fear and greed. Be very careful of these two fear and greed they show up in many ways like fear of missing the trade, taking a loss, losing a profit. Greed in wanting more out of the trade when your up and not taking profits trying to squeeze a little more money from the trade, placing to much money in a trade or trades and not using money management rules. 

3. Fundamental analysis -  

 Choosing stocks to trade can be a big stopper If you have no plan in how to choose a stock. Understanding how to pick high quality stocks for trades is a fundamental skill. Using a tool like the IBD investors business daily for earnings per share, relative strength and industry group relative strength, sales and profit margins and accumulation/distribution is one tool for fundamental analysis. 

4. Technical analysis  

- This is a skill of reading and interpreting the charts of stocks. Indicators can give you a clue of what is happening with a stock. Use indicators that will alert you to a trade and indicators that will confirm a trade to enter and exit your positions. 

5. Trading Plan  

 Having a plan is key to success, how to choose the stock to trade, when to enter and exit the trade. How much money to invest by having money management rules. What percentages are a losing trade and a winning trade. What are my time requirements of the trade. All these are aspects of a trading plan and must be consider for a trader and investor. 

6. Tools of the Trade  

 All professions have tools to help them be the best they can be for precision and efficiency to work. Depending on how you learn to trade will determine the tools in which you use. For stocks and options having a trading platform or software program to assist you in your trades will be one of your primary tools. 

7. Mentoring 

 all the above steps this may be the most critical. You can take the road of hard knocks and teach you're self or follow in the foot steps of others and learn from their success and mistakes. If you choose the first you may have a long road and need plenty of money to last you through your learning curve and hopefully survive to trade another day. Another method is to find a mentor who trades for a living and learn from them and how they are successful. Your odds of success will be 10 fold. Of course there is always the chance you may still lose money cause you have yet to master trading in strategy, discipline and execution. The key is to find someone successful and ask them will you teach me to trade. They either will or will lead you to someone who will. Thousands of books and courses have been published and some good to great, but nothing replaces a mentor who you can look over their shoulder and learn their system that created success for them. 

If you wan to learn more about forex visit : http://teachmetotradecourse.com that help me more. 

Automated Forex Trading

Here are Automated Forex Trading Secret that you must known.   

Understanding the forex market is not the easiest thing to do. After all it's high level economy, global investments and currency exchange and trading. Most of us can't become experts over night. However, the market is huge and has great potential so why ignore it all together just because it's not that easy to learn?

The equilibrium between these two dilemmas can be found by using automated forex trading bots. The bots are pieces of software or scripts which trade for you without demanding any of your assistance. They have the entire formula and algorithm figured out.

How does automated forex trading work? There is a secret behind this automation process. The whole formula and the way these bots act are designed to have an average, or long term win. This means that sometimes it may lose a little, sometimes win a little but if you allow it to run for a while you will end up in profit.

A bot is usually described by its accuracy. The perfect theoretical bot would have 100% accuracy. This means it would win through all trades. However, such a bot doesn't exist and will never exist. What is a reasonable accuracy then? About 90%. It is considered that the accuracy of the average trader is somewhere a bit over 60%. An expert will have about 85%. A great bot can work with an accuracy of 90%. There are however bots with accuracies which can reach and even go over 95%.

What you should know as a trader is that the big bucks can only be made if you interact and trade right next to your bot. Yes, it will keep it on plus, on profit and it all goes well without any action on your side. But if you want to make a difference and win serious money you will need to gradually learn the secrets and working of the forex trading. Just letting the bot doing all the work will keep you at a low level.

Try to balance your actions with the ones of the automated forex trading tool and as you learn more and more taking more and more control over the decision. When you have just began don't interact too much, but rather watch, observe and understand. But when you think you have grasped the whole concept take action.

If you want to learn more about the Automated Forex Trading Click Here! it's will help you more. See you soon.

Learn the Secret of Forex Trading Success From This Group of Millionaire Traders!

Here are Secret of Forex Trading Success that you must known.  

The group of traders we are going to look at were called "the turtles" and taught by trading legend Richard Dennis. His mission was to teach and ordinary group of people, to trade in just two weeks and the rest is history - they made fortunes and became trading legends - so how did they succeed when 95% of all traders fail?

The system they used was simple and was so simple anyone could learn it, the rules are public now and anyone should look at it. The system was based on breakout methodology which is a timeless way to make money, it was looking to make money from the big trends ( rather than trying to scalp small profits) and it had extremely robust money management which all successful trading strategies have.

It maybe a simple strategy but all the best ones are, as they are more robust than complex ones with fewer elements to break.

While anyone can learn a method which can make money, few traders have the discipline to succeed. The reason for this is all trading systems suffer losses and when these losses occur, traders get frustrated and angry. When emotions come to the fore the trader changes systems, run losses, or trades to much to claw losses back and this lead to a wipe out of equity.

Dennis knew that his system would have long periods of losses, so he focused on getting his traders to have the right mindset to apply it and he did this by giving them confidence in the system, the system had far more losing trades than winners but made huge gains and he gave the traders the confidence to trade through these losing periods.

Most of the traders said learning the system was easy - but following it with discipline was and this is true for all traders. We all have emotions and if you think keeping discipline is easy, you probably haven't traded.

You can get trading discipline and its based on a good Forex education, confidence and the attitude of not seeing losses as failure but seeing keeping them small as the route to Forex trading success.

Read more on the turtles or any other successful trader and they will all tell you, success is down to mindset as much as method - the good news is if you want to get a winning mindset you can and if you do, a huge second or even life changing income awaits you.

Trading Psychology

Here are Trading Psychology - Coping With Not Winning All the Time that you must known.  

When I first started trading, I always had this idea that once I perfected my chart reading, virtually all of my trades would be winners. When I discovered a setup that worked once, then twice, and again, and again, I figured all I had to do was play those and they'd always work out in my favor. The idea that at certain times these plays would work wonderfully and other times not nearly as well, hadn't even crossed my mind. The truth is that the market is a completely dynamic environment, constantly changing and evolving. The breakout setups that are running today may completely fail tomorrow. If you have X amount of success one year and expect to repeat it over and over again doing the exact same thing, you're likely in for a rude awakening.

Since my trading strategy has always primarily focused on playing penny stock breakouts in one way or another, I've been pretty much at the mercy of how well they're performing as a whole. In 2009 when everything was running, obviously my strategy was working well for me. 2010 so far hasn't been nearly as favorable to the bulls, and you can see that in the form of less breakouts that are triggering, and the ones that do trigger aren't running as hard as we saw last year. There's still money to be made here, it's just not coming as easily as it did in 09. Like I said, the market is dynamic. It changes all the time.

This post isn't really meant to discuss the current market climate. While everything may not be running like Carl Lewis on speed, there are still plenty of nice setups and a fair amount of them have been triggering. Things may improve or get worse, I don't know what to expect and when to expect it, but I'll do my best to stay in sync with what's going on and adapt to it. In a perfect world, a trader can change up his styles and continue to make a killing in any environment, but I can admit that's not the case for myself. While I'm constantly trying to evolve my trading and become as versatile as I need to be, it's a long process and is easier said than done. At this point though, my way of thinking is this: When my main strategy is working well, I am aggressively exploiting it for everything I can. When it's not working to that same degree, my aggressiveness should adjust by that same amount, so if it gets to the point where my strategy is just plain old not working, I'm not using it. My reasoning is that I can make enough during the good periods to more than make up for slow periods, or even times where I'm hardly breaking even or in the red. I'd love to make money every single day, but the truth is I just need to make enough as a whole to pay my bills and live comfortably. If I can make enough during half the year to pay me for the entire year, then my main objective the other half is to at bare minimum not give too much of it back.

That brings me to the point of the article, and that's dealing with losing. Every trader is going to be different, so every trader is going to need to address this issue and personalize their methods and mindset to their own situation. One reason I like playing breakouts is because you can fairly easily minimize your losses and drawdowns. First off, are there any breakout setups popping up during my scans? If yes, how many? Second, how many are triggering? Finally, when they trigger, how are they performing? If I'm not finding a lot of setups, then I'm not playing breakouts, simple as that. If I'm finding a lot of setups but they're just not triggering, once again I'm not playing many breakouts. If I'm finding a good amount of setups, they're triggering, but just not running very hard or they tend to fail more than normal, then I tone down my position size and take profits earlier than normal. This isn't a black and white issue where they're either on or off, the degree to which they are or aren't working can almost infinitely vary.

So how does this relate to psychology? Well, I can tell you from experience that when my strategies are working well at the moment, I'm happy and confident. I'm proud of myself for doing something for a living that not many people can claim to do, and I'm sure that I'll be able to do this til retirement. These are the easy times to be a trader. On the other hand, when my methods stop working, I get stopped out of multiple trades in a row, and I start to go weeks or months without really making anything, the doubt starts to creep in. "Can I continue to do this for a living?" "Damn, it's been months since I had a really good trade." Worse yet is when I start to force things and really start to do damage to my account, then I start thinking how I just gave back months worth of profits in such a little amount of time. Doubt, panic, lack of confidence, etc., these are all things that will creep into your thought process at some point, at least if you're anything like me and most every other trader out there.

The whole process of trading is a cycle, at least that's the way my brain sees it. I started out not knowing a thing about trading, but completely confident I could succeed at it. I had some early luck and my confidence went sky high, which quickly hurt me since my level of skill and expertise was nowhere near my confidence level. It didn't take long before reality set in and I wiped out my small account, which humbled me in a hurry. Now I was no longer overconfident, in fact my confidence was so shattered that I started to have doubts about whether or not my dream was realistic. I stuck with it, continued to learn and improve my skills, and eventually it translated into more success. Success bread confidence, and that slowly once again turned into overconfidence. Overconfidence in trading usually means aggressively trading (taking setups that don't quite meet your criteria) with larger lot sizes than your rules would dictate, and that in turn leads to large losses. Large losses lead to doubt, and doubt can quickly deflate your ego bubble. So the cycle (necessarily) starts over, but ideally you're continually taking a few steps forward for every couple steps back.

As much as I hope writing stuff like this helps others, it also helps remind me of important things that I tend to forget, and truly drill them back into my brain. After last year and the success I had trading, my confidence had never been higher. That turned into me becoming extremely aggressive in my position sizes, and when the environment changed, it lead to larger losses than I'd ever seen. Instead of quickly recognizing and adapting to the not so bull friendly conditions, I went into revenge mode and tried to counter those losses with riskier trades, hoping that I'd make back a large chunk of the money I was down. That obviously is against all the rules that brought me success in the first place, so not surprisingly this didn't work out well for me, and the large losses brought back those little voices of doubt in my head. According to my cycle theory though, this is what was necessary to bring balance back into my trading. My large losses weren't because my methods and rules were failing me, they were because I was failing to adhere to those rules and methods. The tough thing for me was that because I'm at the mercy of the market and it's conditions, adhering to my rules and methods wasn't necessarily going to get me back to making big profits right away. Still, before you can even focus on making money in the market, you need to make sure you know how to protect the capital in your account. If I'm forced with the decision of treading water long enough to ensure I survive over the long run, or panicking and hoping that I don't drown in the process, I need to choose the safe route to give me the best chance of survival.

It doesn't take an extraordinary trader to make money during periods like the bull market we saw in 09, but it does take a special trader to survive the drawdowns and stay afloat long enough to be in the position where they can capitalize during those periods. Losing, or at minimum not always winning, is an aspect of trading that every trader must deal with. My advice is to be aware of and embrace the cycle, hopefully minimizing the negative parts and capitalizing on the positive ones. Losses and doubt will help force you to analyze your actions and mindset, and that should help you get back to the roots of your rules and system. Maybe some day I'll have repeated the pattern so many times that I'll no longer be at it's mercy, but for now all I can do is be aware of it and work with it, using it to help me progress.  

Fibonacci Price Projections

Here are Fibonacci Price Projections - Correct Determination and Application that you must known. 

There are many tools available to assist veteran and novice traders in trading the financial markets; however, it is the choice of tool and its proper application, in addition to the discipline of the trader that distinguishes the trader as being consistently successful.

Fibonacci price projections are such tools used by professional traders to consistently beat the market with healthy returns on capital. Many novice and intermediate traders wish to utilize such tools but fail to do so either due to lack of knowledge or properly application of such tools.

In this article I will attempt to shed light on the subject and provide you with simple to understand basic information on how to properly calculate and apply the Fibonacci price projections in the same fashion as professionals do.

Basic Determination:

First, It is important to understand that there are two types of Fibonacci price projections and those are Internal projections and External projections.

Internal projections encompass Fibonacci retracement. Fibonacci retracement occurs when price retraces a previous trend by a certain ratio of the range of that trend. The most observed ratios are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Because the price retraces (i.e. moves in the opposite direction of the) main trend, it is categorized as internal, or in other words, the price moves into the previous trends range. As price retraces into the range of the original trend, it is expect to stop at one of the levels mentioned above before reversing and continuing in the original direction of the main trend. Fibonacci retracements make excellent stop-loss levels.

External projections include Fibonacci extensions, expansions, and alternates/parallels. I shall breakdown each one of these studies separately below in a moment; however, it is important to point out commonality between the three studies for easier explanation.

All three studies have one thing in common and that is they enable the practitioner/trader to predict future price reversal levels outside of the previous trends range; therefore, external Fibonacci price projections are ideal for setting profit-targets. Furthermore, all three studies apply to trend continuation of a previous trend after a retracement has taken place.

The only difference between the three studies is how they are calculated and the Fibonacci ratios used in each one.

Fibonacci extensions are calculated based on the range of the previous trend after a retracement had occurred. The range of the previous trend is determined and then certain Fibonacci ratios are applied. The most observed ratios are 100%, 138.2%, 161.8%, and 200%. The resultant values are then added (or subtracted depending on the orientation of the trend) to the most extreme point previous to the retracement to determine the future price levels.

Fibonacci expansions are calculated based on the range of the retracement move that occurred after the trend. That range is determined by subtracting the two extreme points or swings that flank the price move then certain Fibonacci ratios are applied to it. The most observed ratios are 100%, 138.2%, 161.8%, 200%, and 261.8%. The resultant values are then added (or subtracted depending on the orientation of the trend) to the most extreme point previous to the most extreme pivot prior to the retracement taking place to determine the future price levels.

Fibonacci alternates, or also known as parallels, are calculated based on the range of the previous trend that occurred prior to a retracement. The range of the previous trend is determined and then certain Fibonacci ratios are applied. The most observed ratios are 138.2%, 161.8%, and 200%. The resultant values are then added (or subtracted, depending on orientation of trend) to the pivot marking the reversal of the retracement and the resumption of the original trend.

Application:

Naturally, by calculating Fibonacci projections in the fashion outlined above, the trader would have produced several price levels, all of which are of high probability to act as future price reversal areas. But, the power of this tool does not end there.

The trader can make this tool even more powerful by using the synergy among the various Fibonacci projections.

To do so, the trader would need to calculate all four Fibonacci price projections on two or three degrees of market swings. A degree means one level higher, or one time-frame higher from the degree or time-frame being observed. Therefore, 2-3 degrees higher market swings means, 2-3 higher time-frames. This is important in order to capture the various trends available in the market (long, intermediate, and short).

Once all Fibonacci price projections are determined, the trader needs to look for areas where different projected price levels cluster. This will be evident in the way the price levels overlap in a very small price range. These clusters, or confluence, of price projections act as very high probable reversal market points; more so than that each level by itself.

Naturally, this method creates multiple support and resistance levels that the trader can anticipate price reversal at and capitalize on this information to make trade decisions. Furthermore, knowing this information enables the practitioner to anticipate market reversal points in advance thus entering the market at an ideal entry price.

I hope this article is of benefit to you. 

The Truth About Automated Forex Trading Robot

Here are The Truth About Automated Forex Trading Robot that you must known. 

It is in our human nature that we want to get rich quickly and we would do anything it takes to achieve financial independence. As we know Forex market is the biggest financial market in the whole world and the best source of income. Many investors are attracted by opportunity to make big money fast. Combination of high leverage offered by many Forex trading terminals, easy access to the markets from your PC and high liquidity make Forex trading an excellent place to capitalize profits.

There are many ways to trade Forex market. The most common and popular recently seem to be an automated Forex trading by using Forex robot. Forex Trading robot is the file written in Meta quote language and set to plug in into Meta trader terminal. The automated Forex Robot would be set to place trades if certain conditions occur. Built in money management a system allows to run whole operation smoothly without human interference. Simply install it in on your platform and job is done. Sound like haven?

Well is not.

It is hard to believe that so many people still falling for it.

We have seen many of those automated Forex robots being advertised all over the web promising you become a millionaire within few months. Starting from Fap Turbo, which was very successful for a while until market conditions changed and program become useless and started producing big drawdowns. As it is only artificial coding not able to deal with real situation with no ability to adjust.

The market behavior is very similar to people's behavior. We run the market and it reacts like us. It will change often. It will have specific trends and will react to human activity. It will constantly change as we change. The market will never stay the same for long. This is the reason why all Forex trading robots work for a while and then become completely unprofitable. You must remember that automated Forex robot will not stop trading during holidays or news releases when the Forex market is too risky to trade. It will not recognize natural fundamental aspects which would affect currency during the daily trading session.It will not cut your losses short and extend gains when necessary.

Another thing to remember when using automated Forex robot is that results depend on your internet connection. If your connection fails while there are trades open there can be a disaster as the positions wouldn't get closed when needed, leaving your trading account with serious loss. Here the best solution is to use remote desktop (VPS). It will provide constant connection for your automated trading. This is a cost of $60 a month for basic server able to deal with the most two terminals opened at the time.

Often Forex trading robots advertised on the web are the best example of an excellent internet marketing strategy but not always an example of an excellent Forex trading strategy. Why these superb past results and accounts growing from $3K to $66K within few months are never published on mt4stats.com? Wouldn't it be an excellent selling point?

Understanding Forex Statistics

Here are how to Understanding Forex Statistics that you must known. 

Once you become somewhat familiar with how the forex market works, and you understand to a point what is involved in trading on the Foreign Exchange Market, you would want to start to gauge market trends in order to profit from your business ventures on the open market.

The name of the game is statistics, and the first rule is that you must be aware there is no such thing as a sure thing on the forex market. While you can never be 100% sure at any given time of the next move that will be made on the market as a whole, being able to read statistics and interpret them will place you ahead of the pack in regards to "guessing" what will happen next.

Forex trading is a lot like gambling. If you can keep track of the cards that have already been played, you are more informed, statistically, regarding what is likely to be dealt next, meaning you can place a bet with greater insight than someone who has no clue what has already been played. With the forex market, if you have information as to what has already occurred over the past few days, months, or even years, you are again placed in a better position to more logically conclude what will happen next. You simply learn the pattern and follow it to the end, reaping the financial rewards.

Charts And Chartists

Wait, did you think you were going to have to research and map out the market's past all by yourself? Of course not! There are people who get paid to do that sort of work. They monitor the market hourly, daily, weekly, monthly, and yearly so that they can provide big-time traders with the same knowledge mentioned before. The more a trading company knows about the market, the more money they can make.

The best part of this is that you have access to the same information as these VIP clients. Chartists, who are essentially market analysts that publish their findings in easy to read charts, produce what is referred to as a candlestick charts. These charts are basically a combination of a line graph and a bar graph that show the trend of various stocks, indexes, or other interests over a specified period of time. Therefore, you can easily determine if the currency is on an uptrend or if it is taking a downturn, when the last major change occurred, and how long it is predicted that the currency pair will continue on the current path.

If your broker does not supply you with these charts, then you should easily be able to draw them yourself with the modern day charting software or trading platform that you get from your broker. These software platforms can draw most charts for you by entering a couple of parameters and viewing the result.

Open your live account Click Here!  Get you robot here! 

Successful Forex Trading: Forex Hates Procrastinators

Here are Successful Forex Trading: Forex Hates Procrastinators that you must known. 

What have you put off today? Something important you had to do that you ended up not doing? Well i am sorry to say this but Forex doesn't like you very much, it won't actually come out and say this, but it will definatley show you by eating all your money.

Why do lazy people flounder in the forex market?

1. They put off getting a broker too long and then often make a bad choice.

2. They don't do any research or engage in education and therefore end up gambling.

3. They clutter up informative blogs and forums with their incessant whines about how forex is a scam and can anyone lend them $20 because they are good for it.

4. They are often emotional about trades and will either get too excited after a good trade or try to take revenge on the market after a bad loss.

Does this look like a successful traders mindset to you? Of course it isn't. Are you guilty of any of these things? If you are get it sorted ASAP, not or my sake, but for your own. It isn't my money you are gambling away. "But i thought forex is investing not gambling?" Thank you! I don't gamble in forex, i invest, many other traders i know invest as well. Whats the difference? Education my friend, education. We know what we are doing, and make educated decisions about where we want our money, a forex gambler wakes up in the morning and just decides then and there where he is going to flush away some more money. They don't research, they don't even know what a chart looks like, they just go with uneducated gut feelings.

But let's stop talking about forex gamblers before i have a stroke, what about successful traders?

1. They research brokers and then choose one and stick to it until the broker gives them reason not to.

2. They are always learning. What is a better indicator to use? What have i done wrong in the last week? This is the kind of thing that sharpens their trading sword so sharp it could cut space and time.

3. They don't post often, they might not ever post on a forum or blog. To them forex is about learning and they would rather listen then speak. Humble eh?

4. They keep their cool. They know that a win can turn into a loss and the other way around within the next 5 minutes. They have the experience and they have already set up their trades to accomodate for a turn in fortune. They are in control. Well mostly.

Open you accont Click Here!