Day Trading

Very high risky

You'll really appreciate the chart & the recent news {headlines}.

Click on the blue link below:

http://finance.yahoo.com/q?s=SGLS.OB

SGLS.OB: Summary for SIGNATURE LEISURE -
Yahoo! Finance

Each Financial Institution.

If you have a brokerage account at Wells Fargo then they have your information.

You are right, there 9 billion shares of Microsoft in the Planet but Wells Fargo only handles 0.01% of them with a regular $999 Dell Personal Computer.

If you have a brokerage account at Bank of America then they will have your private information and the same case applies.

There are thousands of banks all over the World and each one of them has a few thousands of Microsoft shares.

When you sell your Microsoft share to me Wells Fargo reduces the number of shares in your brokerage account from 1 to 0 and it only takes a nanosecond.

In contrast, the number of shares of Microsoft increases in my brokerage account from 0 to 1 and it only takes a nanosecond.

There is a middle man between Wells Fargo (Your bank) and Zecco (My broker)

In this case, the middle man is the NASDAQ.

After the market closes and the last trade is recorded, a very large bunch of folks will make their next day's trade decisions. In the evening, in my case, after dinner and the house quiets down and I can get some clear thinking time. So, the opening price the next day is the result of all the after-hours decisions by folks like me. If you can get it, look at the intra-day charts, say 15 minute plots, for the first few hours of the market. Often a big jump or drop on the open, then an oscillation for 2 hours or so while things get digested and calm down. The best way I have found to guess the open for the next day is to look at the direction and volume of the last hour or so on a 15 minute chart. If it is strongly moving in some direction, then it is likely that the next day's open will do likewise. Not certain, but then, what is. Good Trading…

I trade the markets often and have done for the last 15 years. From what I have heard it is far better to make trades on reasoned judgement than to leave it to a computer program.

In order to understand how markets work it is always better to have a good knowledge of the markets themselves. Few traders actually know this and this explains why a lot lose money on the derivative markets. One of the key ingredients to success is to understand the fundamental basics of supply and demand. Chartism also plays its role if you take the time to undestand it.

What I don't like about the programs that give people technical analysis information and "buy" and "sell" signals is that despite their claims of instant riches why is it that most people who make money on the market NEVER use them? There is the old saying "if something seems too good to be true isn't it the case it usually is?"

Many years ago I received a maling shot through the post about a program that could predict the exact peaks and troughs of the FTSE and other major indices. It said it had 90% accuracy and went back as far as 1901 predicting the 1930's slump! You just push in numbers and like magic instant wealth is produced. Now that's amazing software!

A few months later the entire company were exposed as a fraud on BBC television – which hardly surprised me!

The truth is that there are so many variables to the movements in stock prices and commodities that having a clear set mathematical formula for success is almost impossible. If you understand the correct method of trading and how to use derivatives correctly you can be on the way to a small fortune but this requires intelligence, vigilance and patience – qualities that most traders don't have.

I have found Tradindex to a a superb company which have given me one of the easiest trading platforms imaginable. However, a lot boils down to personal taste.

Another company I highly recommend is this one:

http://www.finspreads.com

Also try this brilliant authoress:

Toni Turner (http://www.toniturner.com/)

Good luck with your trading!

You can make money and you can lose money. You need to do a lot of research. You have to work really hard to stay ahead of the market. It is not easy. You might want to see what the best traders are buying and selling at http://www.top10traders.com – this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

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All i see is a sea of RED!!!!!! Unless you know what you are doing do NOT day trade.

I am a day trader and often try to derive profit from the disparity in currency rates at various points of time. People who try to make some huge profit can incurr loss using this techniques but if we try to capture small pips then its a winning strategy.

One of the fund Manager of FINEXO suggested me to try this once when i was looking up for high returns. Surprisingly i made huge pips in just 1 hour and thats how i became a Day trader.

Anyways the basic requirements for successful Day trading are:

1. Excellent Command on Technical charts.

2. Look beyond what common man does.

3. Foresightedness

4. Be Different.

5. Good Source of market news and technical charts

6. Ability to draw conclusions from market updates.

If you have these you can very easily succeed here. I am using Finexo charts and updates which are quite accurate and reliable for me. If you have other sources it would be an added advantage.

I think the best way to invest is to open an account at Scottrade.com – they offer $7 online trades. To find great investment ideas, see what the best investors are buying and selling. To find this information, go to http://www.top10traders.com – this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Once you are comfortable investing with "play" money, you can slowly start investing the real stuff.

Good luck.