PS. Is this also a good way to make money or is it a waste of time and money?
Listen Max H, you shouldn't talk to your father like that or I might stop my child support payments. Tell your mom to have my kidney pies ready when I go see her or I might have to keep my pimp hand strong…. ya dig?
I wish you good luck. Don't hesitate to contact me if you have any questions.
You could always open a new demo account after the 30 days is over and you can continue doing this forever with some brokers.
I am using a great system to trade the forex market successfully with no guess work. A revolutionary software uses a hedging system that minimize your risks and loses.
If you would like to know more about this system, click on http://www.4xmoneytrain.com
- Concentrate on a few, liquid and volatile stocks only.
- Buy or sell intra day trends with at least 3:1 reward-risk ratios.
- Use mental stops placed under the last minimum (above the last maximum, when shorting) and stick to them.
- Use a decent money management scheme, write down the rules and stick to them.
- Develop a system, trade it on paper only for some time, before risking money.
Here are some more, that I found useful too:
- Don't trade the first and last half hour.
- Stop trading on a given day when you have reached a set target amount or when you have lost a fixed amount.
- No more than two ongoing trades at one time.
- Take breaks, it's a stressful activity
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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 thousands of stocks and trillions of shares in existence, and theoretically, each share could have a single owner. During a regular business day, billions of shares change owners. Every single transaction (date, time, number of shares traded and the price) is recorded somewhere and broadcasted over the internet, so others can get
real-time quotes and historical quotes and charts for each stock…
Some kind of super computer must be working in the background to keep track of who owns what or else the stock market would not work. So, my question is where is all this information stored and what kind of computer is responsible for handling all this important data and making the stock market work? How is it possible for this huge system to work so smoothly? Explain plz.
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.
However, finding a good opportunity tends to leave at least some cash floating around. Aside from dumping it into a placeholder stock like BRK.B, moneymarket, etc. I am interested in utilizing, to some small degree, daytrading.
Basically:
(1) How is risk managed in security day trading? Forex trading?
(2) Do the few successful traders operate by intuition or determinism?
(3) How wide of a scope to most traders take? Ten stocks? One hundred? All of them? Similarly, how wide of a scope do forex'ers employ?
(4) Is there a way to get a hold of raw market data, outside of the wacky software like eSignal, etc?
Please do not try and pitch a trading system. Thanks.
A Free Basic Hands-on Training is available at http://finance.groups.yahoo.com/group/currencytrader/.
The NASDAQ is a fully automated computer system. The tons of brokers instead of talking to the specialist just input their orders. The array of buy and sell orders form the bid/ask. When there's a match, the trade executes by computer.
