pros cons
strategies etc
would love to hear anybodies feedback
http://stocks.dlngroup.com/education/books.php
You might also want to visit DDs blog, indias no.1 Technical analyst. He posts quite interesting concepts and also helps you with your trading activity.
http://www.ddstockblog.com
You can trade futures on the Hang Seng index from a number of brokerages, including Interactive Brokers. (You cannot trade an index directly. You have to use some tool such as a futures contract or an ETF.)
<<<I've noticed that very often the Asian Market follows the US market's previous day's results, am watching to see how often this happens. What a trading advantage it would be to be able to predict with fair accuracy what will happen in Asia and be able to trade accordingly. Any ideas?>>>
I am not sure how you expect to use US market results to improve your trading results. Every other trader in the world has the same information readily available, so any impact will be factored into the price at least as quickly as you can submit a trade order.
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I'll tell you what ….tell me what the market will do next Tuesday and I will strongly consider your offer.
There are some conservative strategies to invest in the forex market that many people consider too boring and evidently not complicated enough. It seems there is a breed of players entering the Forex market the same way they would belly up to a roulette wheel in Las Vegas.
I ran an analysis a couple of weeks ago that you may find interesting. First of all it is important to note that this is based on historical prices and is not necessarily representative of future results. But it is interesting.
Let's say that you opened a conservative hedge trade on the 1st of any month this year.with $10,000 and used a conservative margin of 10% You just let the account sit and didn't touch it what would it have looked like on 7/20/2007 (the day I ran the analysis).
If you opened your account on
Jan 1st = $13,161 on 7/20/2007
Feb 1st = $13,645
Mar 1st = $11,924
Apr 1st = $12,045
May 1st = $10,473
Jun 1st = $10,530
None of these accounts would have ever been close to a margin call and the Jan and Feb accounts would seem to have faired quite well through the China correction during late Feb / early Mar.
So I guess the morale of the story is that it is not the Forex market that is the problem. It is the human elements of greed, fear, lack of knowledge and lack of a conservative investment strategy.
It's not what you do it's how you do it!
Good luck with your decision process.
Paul
You can visit http://stocksguide.checkouttoday.info for some useful tips and info related to your query. Good luck!
I would like to day-trade stock and according to FINRA, there's a minimum cash requirement of $25,000 before a person is eligible to day-trade.
Is there a similar requirement for day-trading futures like the Emini S&P 500?
Thanks!
Becareful, if you read the rule, you must ,MAINTAIN a minimum of $25,000 – big difference.
Briefly the new rules stipulate that brokers must have a minimum capitalization of $5m plus a percentage to cover client funds.
If your broker meets these two requirements the next question is whether your broker is an ECN or FCM dealing broker – ie will his dealing desk be playing against you? This will matter if you want to include scalping as part of your trading strategy.
This is just the beginning of your quest to find a broker which best suits you and the resource list below should help you find the answers you will need.
Good luck.