Taking stock of life!

The mind gloats on the news of a booming Sensex and Nifty. The media serves us everyday with thrilling reports of how much investors gained or lost in the stock market. I have never understood how the stock market really works so I do not pay much attention to it. Nor does it seems to matter to media that only about two per cent of India's Population actually indulge in stock market. Hearing the news of bullish and bearish markets sometimes to the point of boredom, my attention the other day was drawn to a simple parable that Jesus once recounted to his listeners(Luke 12:16-21);"The ground of a certain rich man yielded plentifully. And he thought within himself, saying, What shall I do, since I have no room to store my crops?" So he said, 'I will do this:I will pull down my barns and buld greater; and there I will store all my crops and my goods. And I will say to my soul, 'Soul, you have many goods laid up for many years; take your ease; eat, drink, and be marry.' But God said to him, 'You fool! This night of your soul will be required of you; then whose will those things be which you have provided?' So is he who lays up treasure for himself, is not rich toward God." One often hears people say , "What are we going to take with us when we die? Everything will be left here". But rarely do those words make a deep impact on our life and behaviour. Mark in his gospel quotes Jesus: "Children, how hard, it is for those who trust in riches to enter the kingdom of God! It is easier for camel to go through the eye of a needle than for a rich man to enter the Kindom of God (Mark 10:24-25)". And that is why Mahtama Gandhi once said, "There is enough in the world for everyone's need but not for every one's greed".

Article Keywords: Stock, life, learning, investment,

How Many Different CFD Trading Systems Are Available to Make Consistent Profits?

The number of CFD trading systems is endless but what we are going to look at today are the key components of a CFD trading system and what you might like to focus on when you first get started. The mere fact that you are searching for a CFD Trading System is proof enough that you moving to the next stage of becoming a Professional & Successful CFD Trader.

What is a CFD trading system?

When we look to get started and build our own CFD trading system it is important to have the following components built into it. 

Entry

Exit (both initial stop and in-profit stops)

Risk management

Whilst most new traders focus 95% of their time on the entry you might be pleased to know that statistically only around 20% of your overall success comes from the ideal entry point. The next component of your CFD trading system is your exit and it's vital to have both an initial stop, sometimes referred to as a protective stop, and an in-profit stop.

The last component of a successful Contracts for Difference (CFD) trading system is risk management and it is here that you will determine how many CFDs to buy and the maximum loss you are willing to take. Now as you can imagine the combinations of entry, exit and risk management are literally endless. The number one trading coach to turn to when it comes to risk management is Dr Van Tharp and his book trade your way to financial freedom is a must-read bestseller.

What to focus on in the beginning

The most critical element to get started with as you begin your journey to CFD trading success is to determine your ideal timeframe. This simply means you must know what period of time you are looking to capture your profits over. In addition to this it includes knowing the available hours that you have to trade.

Another suggestion when you first start out is to trial as many different varieties of trading systems as you possibly can. The reason for this is that we all have different psychological profiles and largely we are all better suited to one style of trading over another. As a result what you may want to do is trial several different trading systems or even dozens of different trading systems and find the one that sticks.

Tiger Woods does it

This strategy would be no different to a professional golfer, like Tiger Woods, trialing several different types of drivers in order to find the one that suits his game perfectly. As they say the definition of insanity is doing the same thing over and over again and expecting a different result. Unfortunately, most new traders either learn from a friend or pay thousands of dollars to learn that one specific style of trading only to discover that that style of trading does not fit their psychological profile or even their ideal timeframe.

So as you can see finding the ideal CFD trading system comes down to identifying your ideal timeframe and trialing dozens of different approaches to profit from the markets.

Trading Risk Management - Tight Stop Losses

Here's an extract from an email conversation I had recently with another trader, in which he discusses the use of tight stops:

"I adopted this approach in the beginning, but got stopped out of the market so many times I started to widen them. I've had on too many occasions the market pull back on my stops only to find that it went on to do what I thought it would. Meaning, I lost out again on a good trade. However, I do admit the financial risk is higher. But expecting the market to move fast every time in your desired direction is a lot to ask."

This is a common observation. There's nothing more frustrating than being stopped out and then watching the trade move on to your target without you.

There's actually no right or wrong answer with regards stop placement, only what makes you money and what doesn't. So if wider stops provide a greater edge for your trading, then that's absolutely the right thing for you to do.

For me though, wider stops just don't fit with my trading style, risk tolerance or psychology.

In any case, I thought it might be beneficial for some traders to hear a little about what tight stops mean to me.

It is my belief that regardless of whether a trader uses a tight stop or a wide stop, it should be in exactly the same place.

Having tight stops doesn't mean finding an entry and then placing a stop loss a small fixed distance away and just hoping it isn't hit. Regardless of whether a trader's intention is to operate with a tight or wide stop, the stop loss should be placed in a position which invalidates the setup.

If my stop is hit then it means that either something has changed in the market, or my setup was invalid. Either way, I shouldn't be in the trade.

So for me, the stop should be in the same place, regardless of how large my risk. That place is where I have proof that my setup no longer provides an edge in the market.

The low risk (tight stop) comes NOT from positioning the stop close to the entry, but rather from positioning the entry close to the stop.

For example, if my intention is to enter LONG on a retracement to an area of support, my stop loss will be below the swing low which forms at support. Then, I'll aim to enter as close to that support as possible. This is how I get tight stops.

In some ways this is opposite to most traders. They'll find an entry and then work out the stop loss position. I'll be different in that I know where the stop is, and then work out the entry. And if I can't get an entry that allows sufficiently small risk, I'll just pass on that trade.

Oh, and one other important point - lower risk comes also from incorporating a time stop. If the trade doesn't go my way within a reasonable amount of time, then I'm outa there. I recommend reviewing your trades and gaining an understanding of how quickly your setups should be moving into profitability. Then if that time period passes and you're still stuck in the vicinity of the entry, or in a drawdown, then maybe your setup has lost its edge. Maybe it's time to stand aside and look for the next opportunity in the markets.

3 Steps to Stop Losing Money in Trading

To start trading a trader needs to fund an account with some of his or her own money. That is called the initial investment. But even before you consider this step, bear in mind these 3 essential points.

The 3 crucial steps are namely 1) what to do if your funds fall below a certain amount, 2) how you will manage risks and 3) is this initial investment sufficient.

The sad fact is that close to 95% of new traders don't know about these 3 steps at all and most of these new traders end up losing money.

Here are 3 tips to help you keep afloat and solvent regardless of how bad the market is.

1. Keep a separate account

Even before you start trading, you would have in hand a certain amount of cash, the amount would of course vary from trader to trader. What you can do is to keep half of the amount into a separate bank account

What happens is that you have just created a reserve account. This is held in reserve in case your initial account gets wiped out. The other reason for building such an account is that we have guard against our emotions. If you use up all of your account then should there be a need to transfer any cash over to your trading account it would take some time. During this time you get to cool off. There should never exist a need for you to touch your reserve account. If you lose the initial account. Stop and consider what went wrong before starting again. Take the time and effort to improve yourself.

2. Money management

The difference between a profitable trader and a loser trader is money management and psychology. There is now other way to be profitable other than to focus on money management and psychology.

A good guide to follow for money management is to use not more than 1% to 5% of your whole initial investment. How that works out is that if you happen to use 1% of your account, then you get to make 100 losing trades before you need to refund your account. Consequently if you decide to use 5% then the figure goes down to 20 losing trades. Depending on individual risk tolerance level you decide, but base that against the risk and returns of each trade as well.

3. Contingency Plans

This is your exit strategy. Let's face the reality, you will lose money, this is a fact. Unless you have a mentor to help guide you through the difficult starting stages of trading it is most likely that you will lose your first account.

That is why in the beginning you will need to split your initial investment into half. After you have traded and failed, then your next account will be a lot more profitable. You can read a lot of books, go for all the courses, but nothing beats the real experience of trading. After you have had experience in trading you will know how to handle your losses better. So set up a safety net, call it insurance if you like, just do it and you will thank me later.

The above 3 steps will help you to stop losing money in trading. Once you have stopped the out flow of cash, every trade you do brings in more profits to you.

Day Trading Robot Review

Day Trading Robot is kind of two things at the moment; a newsletter and an automated trading "robot". Considering the large price tag of the automated trading system ($112,000 per 1 year license), this article is going to assume you're currently more interested in the newsletter... and that newsletter is selling like hotcakes.

The author of the Day Trading Robot newsletter is Jason Kelly, a computer programmer that worked with James Holt (one of the most successful day traders to date) to create the Day Trading Robot. To pinpoint winning price patterns, James created videos of 23 techniques he uses regularly to make thousands per day. The algorithm the Day Trading Robot uses was created based on these 23 trading techniques; this is where the picks you receive in the newsletter come from.

If you consecutively placed the last 7 trades recommended in the newsletter you could have turned $200 into a little over $1.2 million. The thing about that is you couldn't spend ANY of the money from winning trades; it all would have had to get reinvested for 7 straight trades to make that $1.2 million. But even if you followed just 3 of the trades you would have turned $200 into $7,688.

If you have a little capital and are interested in investing this is a good start. One thing I personally do when trading is for every $10,000 I gain, I take $5,000 and invest it in something safer like bonds. So say you start with a capital of $1,000... when I hit $11,000 I take $5,000 to invest in bonds and leave $6,000 to continue trading. I consistently do this, this way I'm building wealth from multiple places and don't have "all my eggs in one basket".

Day Trading Robot comes with an 8 week money back guarantee - so for a week or two just watch the picks and calculate the profit you COULD have made making the trades. I'm confident you will, but once you consistently see the trades making profit jump in with your cash. If for some reason the trades aren't resulting in profit, get the refund you're entitled to!

See, when we think logically there's literally no risk; you watch the picks before investing any capital. If there's profit, you invest and make some pretty easy cash. If there's no profit, you don't invest any capital and get your refund. Literally risk free!

Stock Market Day Trading Can Be a Great Investment Option

Stock market day trading can prove to be a good investment opportunity, but there is plenty to learn about stock market day trading before you dive in too far. There is a risk to such investments, but you can minimize it by being in control of your day trading efforts.

Most people find it more affordable and convenient to work with an online entity for their trading-- this has replaced working with brokers that used to do the work on the behalf of the investors. And some people choose to work on their own, because there are many great online resources that allow anyone to be a day trader!

When it comes to this type of trading, you need to be ready for fast moving action. Not everyone is comfortable for such a fast pace though or has the time to commit to doing it right, so you may want to learn more about the industry before committing money to stock trading.

In order for you to be successful with such stock market day trading, you need to have confidence in your abilities. You need to be able to analyze the data you are looking at and base your decisions upon it. Because it is so fast paced, you simply won't have any time to sit on the situation and ponder it over night.

Also, you must have firm strategies that you are willing to follow for every one of these investments. If you have logical steps in place that dictate when you will buy and when you will sell you will do well. It is when a person does have such rules in place but tries to justify making exceptions that they get themselves into trouble in the world of investing.

The world of stock market day trading continues to grow by leaps and bounds all the time. More people have found this to be a viable way for them to make money. They are also accessing software on their computers that helps them to analyze the various types of data offered. There is no sure way to predict that you will make money or how much, but there is a good chance you can do so if you have effective strategies in place.

How to Make $500 a Day in Trading

Can you claim to be able to make $500 a day in profits from your trading? In fact how many traders you know can teach you a way to make $500 a day everyday?

I dare say not many, because if you work out the sums, $500 a day works out to $10,000 a month. The professional traders make much more than this, while the private trader who lives by trading makes around this figure per month.

It is actually not difficult to make such consistent profits at all. You will have to work hard to achieve such results of course. Here are the steps you need to take to be able to make such a sum.

Step 1

Have a good money management plan. This is the crucial step, without it you can very well forget about getting any profits at all. A good money management plan consists of rules to guide leverage and margin, stop loss, profit objectives and position size.

Profit objectives are something that a lot of traders seem to have forgotten. In my classes I come across statements from students that ask why not let their profits run and try to cut their losses. My answer is this, "we are not doing a wild wild west here, allowing any from of control to escape your hands shows a severe lack of professionalism and foresight"

Not exactly a mild rebuke, but the idea of allowing a run away profit is not good financial planning. The reason for this is answered in step 2. But before we get there, remember to focus on a good money management plan. There is very resources on this but try to get as much information as possible as this is the corner stone of your trading.

Step 2

In your quest to make $500 a day in trading, your focus should be on your mind. You need to attract the money to you. You need to want to profit and you need to control all emotions. How this works is that you use your brain before and after the trade. During the trade you switch it off. You use your heart before and after your trading day. During the trading day, you detach your emotions.

Now this is a tough step to master. For money management it is easier because there are tangible elements, but for psychology everything is inside of you. Psychology is concerned about discipline, emotional detachment, and the ability to handle losses and profits.

In answer to the question in money management, when you allow profits to run and not set profit objectives you set yourself up to be too emotionally involved in the trade. How many of you can say enough is enough when you see your trade making more and more money? The reality is that most will just keep in the trade and then become like gleeful school children after the trade is over.

When that happens you have "programmed" your mind to behave in this way. So when you start to lose money you will also become so attached to your trade. Then what happens is that you refuse to exit the trade. You shift your stop loss position, finally you are out of money and then you are forced to end the trade. You may think that this may never happen to you, but after 20 years of trading and teaching I can safely tell you that 100% of traders that do not have a money management plan always face this crisis.

Last Step

A well crafted trading plan. This is where most traders are quite comfortable. Unfortunately there are a lot of half baked trading plans out there in the market. A good trading plan is one that covers 4 core areas. An intra day trade, a daily trade, a weekly trade and a monthly trade. There is too much information to write about it here, the blog provides a lot more information for you so pop by and visit.

How to make $500 a day in trading is to follow the above 3 steps. Just be sure to know that it is not easy. You will need time and effort to be able to reach such a figure per day. Just think that if you need 6 years of schooling to be an architect, you are considered lucky to take a year to learn how to trade properly and profitably.

How Lazy Traders Make More Money

Making too many trades is one of the most common (and destructive) mistakes traders make.

You might think it would be something more complicated. Something like misinterpreting patterns, setting stops too loosely, or violating trading rules. But it's not. It's trading too frequently.

Why is this? Well, I have a theory about that...

Most folks have been raised with a strong work ethic. As a result, they don't believe it's possible to make a lot of money with little effort. They think they will have to work hard.

Unfortunately, this causes a lot of traders to "work hard" when they trade. And hard work almost always means trading too frequently.

Frequent trading wouldn't be so bad if every trade was perfect. But that's not that case at all.

Traders who "work hard" at trading ultimately find themselves in a lot of bad trades. Rather than wait for an ideal set-up, they get into trades almost daily, no matter how good or bad they are.

This approach to trading is detrimental over the long haul. In the best case, your profits are reduced. And in the worst case, you've got to live with big losses.

Take the case of Jack R. In September of 2007, he made 41 trades. More than one trade a day. He made some money, but not as much as he might have.

When October came, he and his wife packed up their SUV for an extended road trip around the U.S. This turned out to be a good thing.

Since Jack is an option trader, he brought his laptop so he could still continue trading. But what he didn't expect was that he rarely had an Internet connection.

Jack only made 26 trades in October 2007 because of his limited Internet access. The trades he did make were more strategic and better planned.

Now, get this. Even though Jack "worked" nearly half as much in October, his profits more than doubled in one month's time!

Here's the point...

Trading doesn't have to be "hard work." In fact, if you think of trading as "hard work," you might end up making a lot less than you deserve.

Be a lazy trader instead.

Wait for the right set-ups before putting your hard-earned money into the market. Make a few excellent trades instead of a bunch of average trades.

And stick to your trading rules. Be patient. Only take trades that meet your criteria precisely. Then sit back and enjoy your financial reward. This is why you should be a lazy trader.

7 Reasons For Using Automated Forex System Trading

Automated For-ex System Trading Can Be Your Answer To Recession

Dream of every money trader, since money invention, was to discover automated for-ex system trading that is reliable enough to make your investment constantly grow. Many realized that the biggest problems people have when searching for an income solution are that they don't have the required amount of time and/or money to invest in order to achieve success. Logical solution would be an automated for-ex system trading that would operate 24 hours a day with minimal supervision.

That is how trading robots appear on the market and with their evolution automated for-ex system trading become very popular, especially for people who:

• Want to trade with the as accurate and profitable trading robots as possible.
  
• Cannot constantly monitor the For-ex market because of a day job, commitments, etc and want automatic software to do it for them.
  
• Would like to trade For-ex profitably but don't know how (the robot suppose to do everything for you...from A to Z!).
  
• Want a secondary or primary income source that is consistent.
  
• Want to be amongst the 1% of for-ex traders who grow their trading account and multiply them frequently.
  
• Want to break out from the boring and frustrating routine of hard work without adequate reward.
  
• Want to start making money today, not 2 months from now!
  

Taking a step towards a profitable and secure future is the difference between saying "I wish I would have taken that step"and "I am glad I took that step". That is what its all about in life. That is what it boils down to! That is why automated for-ex system trading is step in right direction.

In these tough economic times, taking action towards finding better financial solutions for your family should be top priority for every responsible member of society. Automated for-ex system trading can provide that necessary balance between earnings and expenses and help easier sailing through challenges of recession.

Stock Option Day Trading - Is Day Trading Stock a Bad Strategy?

There are many opportunities available with stock option day trading, it can be a great way to earn some extra cash if you are following the right strategies and trading tips. You may have heard mixed reviews about stock option day trading that leave you wondering if it is a good idea or not, and some people will even tell you it is a bad practice to get yourself involved in. While others will tell you that stock trading is the perfect way to make a return on your investments. The biggest factor to determine your success is whether you have the right training and strategies to help your stock trades be profitable.

The biggest mistake that people make with day trading is that they try to cover too much at once, they will jump into the market too fast without learning about the most effective strategies. In order to tip the odds of a return in your favor, you want to focus on only a handful of stocks to start out. Get to know the patterns that these particular stocks go through day after day-- that way you can predict with some certainty what will take place. You can place your trades accordingly and often walk away with a bit of profit at the end of the day.

As time goes by you can begin to add a few more of them to your daily evaluations. Even if you are depending on a great software program to help you, there are elements of unpredictability that they can't determine for you. A good goal for you is to have three times more profit in place than what your maximum amount you are willing to lose happens to be.

One area of weakness for many with stock option day trading is knowing when to get out. A good rule of thumb is to pay attention to momentum. When it is slowing down and you notice that there aren't as many buyers, that is when you want to sell. Don't hold out thinking you can squeeze more profits out of it or you could end up losing money in the end.

Stock option day trading isn't right for everyone so don't feel forced into it. There are plenty of other ways to invest if you aren't happy with this one. Yet if you are impressed with it, then take some time to learn about stock trading to see what it can do for you!

Day Trading Tips From the Pros Who Make Big Money - What You Need to Be Successful

How Day Traders Make Big Money - Their Secrets Revealed!

A job as a day trader is a great way to make money in a very lucrative field. It is not, though, an easy way to get rich quick. You will need to put effort and work into it.

Day trading stocks and commodities is a great job and a quite profitable one as well. It requires certain traits for success, and certain habits will need to be internalized.

A good time sense is the first important habit. Day trading is not the job for people who drag themselves out of bed in the late morning and can't think before their second, or third, cup of coffee. Day traders must be up and alert before the opening bell. In New York, trading opens at 9 AM. This is 6 AM in California, and a very early 5 AM in Alaska and Hawaii. The best time to plot trading strategy for a given day is before the opening bell - you'll need to not only be awake by then, but alert and thinking on your feet.

A second critical habit is a good set of numerical analysis skills. Making and losing money based on gut hunches is a given, but you'll also need to make educated choices based on what you've read, summarized, and synthesized so that you can make good judgments quickly with this background knowledge. All of this needs to be done fast, and you'll need to quickly judge trends in financial markets and apply these snap analyses to your trading decisions.

Although you'll need some good quantitative skills, you don't have to be a mathematician to be a successful day trader. You can cultivate your quantitative skills with just a bit of practice.

A third important habit for day traders is observational skills combined with good short-term memory. You'll also need patience. Keep your cool even when you miss catching a stock at its highest point, or when you lose money because an anticipated low never arrived. Likewise, you must stay calm when you make a big winning trade as well.

Dedication to research is a fourth important habit. You won't need to pore over accounting statements like professionals in long term investing, but you will need to analyze trends that appear in the constant influx of information. You'll need to take an active role in decision-making, and choose trades based on this background knowledge. You can't make good judgments without the right research; but don't let an obsessive need to research cripple your ability to think and act on your feet.

Remember that you don't have to do all of this research and analysis alone. High level traders have many research tools and tricks, and various data analysis tools close by.

If day trading is a career that appeals to you, start by building a support network. Your team will include a broker, and investors to help you gain leverage in the market. Bear in mind that you will need to work, and word hard. You'll have to show intelligence, drive, and focus to succeed.

If, after reading the skills listed above, you think you have what it takes to be a successful day trader, day trading may offer you a challenging and fun way to make a great living. It's a job that can be a ton of fun, and can provide tremendous riches - in more ways than one.

If you want to learn day trading try to learn it bit by bit - there's so much information out there that it can get overwhelming!

Free Stock Marketing Investing Tips - Tips About Online Trading & Day Trading

Paying attention to certain stock trading tips will certainly help you to make money-- it doesn't matter if you are only interested in online trading, day trading, or both. Getting the best information should be a goal you have for yourself. Why learn things they hard way through experience when there are plenty of people that have gone through it and are willing to share those experiences with you?

You definitely need to continue trying when it comes to stock trading. It may surprise you to discover that more than half of those that try it fail. It isn't due to the market being so bad either. Instead it has to do with them not paying attention to what is going on. The idea of making money can often overshadow their ability to slow down and to really focus on what is taking place.

You have likely heard that you should never invest money that you can't afford to lose. You need to take that a step further. One of the best stock trading tips out there is to put some of your profits away. That way you can really hold onto them. It doesn't make sense to gain a profit and then turn around and invest all of it back into trading. Have a plan that a certain amount of it will be saved and a portion of it can be used for additional investing. That way if you do lose it, you still walk away with some extra money and that is what you want to see in the long term scheme of things.

These types of stock trading tips only offer you a small portion of what is out there. If you are very excited and interested in pursuing stock trading then learn all that you can. Explore information from a multitude of resources too so that you aren't relying solely upon one entity to supply those tips for you. You also need to understand that not all of the tips out there relating to online trading and day trading are accurate. If the information can't be verified then you are wise to ignore it.

Forex AutoPilot - Real Money Maker?

Automated forex trading has long been considered as a convenient tool to help you reduce screen time and monitor the market on your behalf. One of the key representative robots is Forex Autopilot. It claims to help you profit with little market monitoring on your side. But does it really deliver what it promises? Here is my personal experience of using Forex Autopilot.

The tool is very easy to set up. You will need MetaTrader to run it, because Forex Autopilot is an expert adviser itself, which is a tool to monitor trading for you. Preliminary setting is very straight forward. The software only works for 1 minute time frame, and is applicable to the EUR/USD currency pair. After some little configurations, you can just sit and watch. Trades won't appear instantly after launching the program. It trades when there is an indication of profits.

I am using a demo account with 5000 dollars as initial deposit. After a day, I am surprised the software has made me 400 bucks in profits! In later days, the software doesn't trade sometimes at all, but I have made no losses. I notice that apparently there is no hard stop-loss configured.  According to the official site, there is an automated stop-loss system which will activate when conditions are met. The default setting without a hard stop-loss assumes you to accept risk as is. One more note, you have to keep running Forex Autopilot in order not to miss a profitable trade. If you cannot let the tool trade continuously, you can always close the position before exit.

Recommendation

Can you profit from Forex Autopilot in a long run? I can't guarantee, but I have achieved positive returns in a short period of time. There are also positive reviews about Forex Autopilot. However, I highly recommend you to take a formal course on manual Forex Trading instead of automated forex trading. In particular, learning forex scalping techniques will be useful for you to achieve consistent results.

FAP Turbo Robot Review

There are plenty of "Forex trading robot" in the market. These forex robots provide a solution for people who want to trade the forex market with no human intervention. FAP Turbo robot is the latest and one of the best forex trading robot or software.

This Automated forex trading robot is created by 3 IT Students named, Steve, Mike and Ulrice. They took advice from Marcus Leary's and then come out this powerful forex trading system. Fap turbo robot is designed to work with the forex trading platform Metatrader 4.

According to FAP Turbo's winning rate in the past 9 years has been 95% on average, You can watch Live Proof trading account by visit the website. This forex robot is capable to double your accounts in every single month. Based on history, the most money it has lost at any one time is 0.35% of the account.

One of advantage of FAP Turbo has a built-in stop loss function that prevents your possible losses from getting bigger. So your potential losses will be small and limited. Based on this, this forex robot would be to say that is safe with compared to other automated trading systems.

FAP turbo is a powerful combination of 2 strategies, which are short term scalping strategy and long term advanced Fap strategy. The software is easy to set up. All you need to do is download the automated trading robots and start trading within minutes of installing. You can start trading with as little as $50 and let the robot trade on your account to bring you profits.

If you are looking for an automated Forex trading robot that can make money with very little risk, you can take a look at the FAP Turbo robot & start with demo account first before go live trading.

How to Become a Day Trader and Gain Financial Freedom Fast

Many people dream of becoming a day trader. They want to become a day trader for the financial freedom involved in it. You can work when you want to and do not have to answer to anyone. You set your own hours and go on vacation whenever you feel like it. It is a great life and it is no wonder so many people want to become a day trader. I am going to tell how to become a day trade and the steps you need to take.

The first thing you have to do is get some experience. You need to get out there and invest, Start small of course and learn from you mistakes. As you get better and better, you can increase you investments and make more money. Some of the greatest investors ever started this way because it works.

It is actually not that hard to become a day trader when you get down to it. It is all about developing your own methods that work for you and you can use time and time again to make money. What might work for me might not work for you. That is why it is up to you to make your own methods that work for you.

One thing that many people do is give up to early. They lose some money and think it is hopeless. Let me tell you this, quitters never get anywhere. You can make money as a day trader. You have to want it and be willing to do what it takes to succeed.

If you have been dealing with stock but have not had much success, I really recommend this resource to you: Become A Day Trader. That can really put you on the path top some real penny stock profits very fast. I have been using it for about three months now and it has been working out great.

Always remember, you can make money with penny stocks. It is all about hard work and determination. If you really want it and do not give up, you can make! Thank you for reading and good luck investing!

The Art of Day Trading

Day Trading continues to be one of the most alluring professions as it is one of the few professions that allows you to be self employed and completely independent of bosses, employees and even clients. It is a profession that you can also do easily from home. All you need is a computer and high speed access to the internet.

However, Day Trading is also one of the most difficult professions, with a failure rate estimated by most as at least 90%. The biggest reason for this high failure rate is that most new day traders start out with too little capital, and the expectation of being able to pay their bills with their trading profits. Another big reason for this high failure rate is that most new traders start without a coherent game plan or strategy to trade.

Due to the nature of the financial markets as being one of the few ways an individual can make a lot of money in a short period of time, there is a substantial amount of information trading that is forced down the throats of new traders. Much of this information is usually the typical package of indicators that may indicate whether a stock or market is overbought/oversold, or some kind of price pattern or price/volume relationship that may identify a favorable time to trade. There is also the more radical type of information based upon Elliott Wave, Fibonacci, cycles and even astronomy.

However, it is rare that you will actually read any information that provides you with a strategy for identifying a market to trade, when to trade, how much equity to risk, when to exit when the trade goes against you, when to take profits, etc. Once you are provided with their magic indicator, you are forced to come up with this information on your own.

Well, here are a few tips for successful Day Trading.

1. When you are Day Trading individual stocks, look for stocks that have significant volume and liquidity. The same can be said for other markets, such as commodities, currencies, interest rate futures and stock index futures.

2. When you begin Day Trading, keep your initial profit goals modest, and never start Day Trading without another means of income to pay your bills.

3. Before you begin Day Trading, you should have a well thought out, basic strategy for trading the markets you plan to trade. For instance, if you are looking to scalp in and out of the markets throughout the day, develop a strategy that allows you to utilize 5 minute charts or even shorter time frames, that looks for a specific trading set up that allows you to enter a trade while minimizing your risk.

4. Once you have developed your plan of attack, think about potential situations where you may have to deviate from your plan. For instance, you may enter a trade based upon your strategy, but the market does not act as it should. Sometimes, it just pays to exit, rather than wait for the market to stop you out. You can always move on to the next trade. The best trades will usually move in your favor quickly if you enter at the right time.

5. Consider multiple entries and exits for a single trade. For instance, on a short-term scalp trade, set a profit target that allows you to lock in some profits fairly quickly. Once you have locked in that bit of profit, you can let the rest of the position ride in order to shoot for a more significant profit with little risk.

6. When trading individual stocks or stock index futures, consider learning how to read the tape to put the odds more in your favor. For instance, trade only in the direction of the underlying trend of the market for the day, and confirm this trend with such indicators as the Advance/Decline ratio, TRIN, Tick, and the performance of all of the major indexes.

7. Look for price patterns on the daily charts that may hint at a directional bias for your market of choice, then trade in the direction of that bias.

8. Avoid taking trades in the first 15 minutes after the market has opened. This is amateur hour. The true direction of the market you are trading will usually reveal itself after this period of trading.

9. Make sure your strategy adjusts your position sizes to account for changes in market volatility. As volatility rises, lower your position size, and as it falls, increase your position size.

These are just a few tips worth considering as you embark on Day Trading. Remember, there is no perfect strategy that will be profitable 100% of the time. However, if you develop a strategy that puts the odds in your favor, and you are able to stick with it in the long run, you should find yourself to be profitable in the long run.