10/3: Bought GTEC, Sold GTEC
10/4: Bought LIPD, Sold LIPD
10/5: Buy 2 FXI, Sell 16 FXI
If I complete the trade listed above on Oct. 5, will I be flagged a PDT?
i think sometime ago i came across a emperical studied that proved day-traders lose everything in the long-run.
some of the best traders dont over-trade. they don't commit without any goal.
investment is key.
can potentially make lot of money from trading cfds from making 10 trades a year – holding them for sometime -provided u have the margin.. than from day-trading. the money u make today ull lose tomorrow.
and u can trade oil ,gold, NASDAQ 100, DJ 30 , and many more .Forex trading .
http://www.avafx.com/?tag=7777
Take 6 months to a year reading, learning and paper trading.
You fully understand the fundemental and technical aspects &(just as important) use very exact money management techniques.
Ignoring the above will put you with the 95% of people that blow their FX accounts (usually very very very quickly).
Consider yourself warned!
This is a great market for those that take the time and make the effort. All others lose big.
i am a newbie in trading FX, just wondering if FX also need 3 days settlement like stock? also, any recommendation which online FX broker is better. Thanks
Crawl, Walk, Run. Sen. Clay Davis – The Wire
This site should give you a good start.
http://finance.yahoo.com/education
Try what you learn on demo sites. If you pick 75% right with play money then you might be ready to start slowly investing.
http://simulator.investopedia.com/
http://simulator.zacks.com/
http://www.fxcm.com/open-free-100k.jsp
http://www.alpari-idc.com/en/metatrader4…
Or just google for more.
I use Lightning Strikes Trading System for trading in any time frame and it works on forex, stocks, bonds, etf's, mutual funds, etc… They have 3 free training sessions a week and you don't have to buy the software to join in the live chat and text. You can even watch some recorded past live sessions. Here are some past charts that I used.
http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ…
http://f1.grp.yahoofs.com/v1/MB16RxjOUQt…
There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance. Which helps my entry/exits and risk/reward ratio.
http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt…
http://f1.grp.yahoofs.com/v1/MB16R9wSKdV…
http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6…
http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe…
If you can not view charts above I can email them.
Here are my favorite sites.
http://stockcharts.com/
Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info.
https://www.fidelity.com/
Has good learning resources.
http://moneycentral.msn.com/home.asp
In addition to yahoo finance.
http://www.reuters.com/
For news and more.
http://www.marketwatch.com/default.aspx
For news and more.
http://www.valueprime.com/index.php
For rating stock risk/reward ratio and reports.
http://www.barchart.com/
For investing in more than stocks.
http://www.investopedia.com/
For more great learning tools.
http://www.lightninglive.com/
For best software timing your entry/exits any time frame for day traders and long term investors.
Others worth exploring.
http://www.equis.com/
http://www.stockta.com/
http://www.secform4.com/
Best Wishes,
Burt Whitley
Learn Step-by-Step How To Make Money with Forex Trading:
http://online-fx-trading.net/what-is-forex
The presentations made the concepts clear. I'm based in India. I don't know how to go about these exactly! Who shd I contact? where'll I find a FX broker / FX Broker software using which I can place my deals?
If there's someone who's using this method to earn money, I'd appreciate some personal advise! I guess 2 trillion USD turnover a day has enough for all of us individuals to thrive on!
Thanks, in advance!
They have a free ebook on all about forex trading which you can download for free, read and enlighten yourself before you start trading.
You can also invest as little as $25 to test your trading skills.
There are other numerous advantages which they offer as well.
I am a hardcore trader too.
Happy trading…
It is about 3 months that I'm studying hardly forex. I have a good underestanding cause my previous job was "pragramming C#" and I left it to enter to trading world. but unfortunately I have not come up with a trading system that really works and make profits.
I'm in stress cause I should start my real trading as soon as possible. I prefer my positions be open for several days or more cause I don't want new stresses. Please elaborate me your system that you have experience of working with it.
I am 37 and I want to open my real account with about 2,500 US $.
Please introduce me a trustable broker in advance cause this is second problem that has confused me.
European brokers are much preferred. I let you know my experience in future and will send you post cards to appreciate your useful answers.
You can really help me
You're probably wanting to do it for the money, not for the process of trading. Or maybe you're good at analyzing the markets and setting up the computer to analyze and evaluate, but that doesn't make a trader.
If you're just doing it for the money, you will not approach the market properly, you will be impatient, and you will tire easily. Really, there are lots of better ways to make money. You probably already expect to earn an income from such a small investment of $2,500. If these are true, you have unrealistic expectations, and you will not succeed.
PremiereTrade is one of the best trading platforms for the Forex beginner, because they have such a great community of others to help you get going. It costs $3,000. But they will tell you up front to paper trade in the Demo Account for a year before you actually commit money.
Neither does a brain surgeon walk out of school and pick up a scapel and begin operating, or an engineer walk out of class and begin building skyscrapers. And you have not even begun to learn, let alone apply the rules of trading, or to master your fears and emotions, or even know what they are.
I think most people come to trading expecting to "Get rich quick." Doctors and lawyers are the worst traders in existence, because they are used to being in control. Almost all professionals do poorly at first, because they have succeeded elsewhere, and expect it to be easy.
Trading is the most difficult challenge you will ever face. If it were easy, we would all be rich. But instead, 80% of all traders blow out their account within the first year.
Personally, I have lost everything three times, trading the stock market index futures. Now I have finally settled on Forex, and am doing quite well after 17 years of learning.
If you buy PremiereTrade, they will charge you $100/mo for the data feed. For one year, that is another $1,200. You can trade a simulator for free here and learn as you go:
http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm
Here is the broker I use:
http://fxdd.com/