Tuesday, March 24, 2009

Day Trade Penny Stocks Newsletter - A Doubling Stocks Review

Can A Day Trading Penny Stocks Newsletter Provide You the Day Trading Stock Tips You Need?

Keep hearing about day trading like it is some kind of game people play to make money? Wonder how anyone actually makes any real money with something called "penny" stocks? How are people buying penny stocks and where do they find the penny stocks lists they use to succeed? Do you need an online trading broker?

Doubling Stocks provides you with a successful, acclaimed and established weekly email newsletter featuring good stock picks on day trading penny stocks. Instead of just abstract advice, Doubling Stocks tells you the specific stocks to buy and why, then tells you exactly when to sell them to maximize your profit.

Michael Cohen and his father John Cohen have been providing successful good stock picks for decades. Michael Cohen carries on his father's legacy in a program renown for its uncanny selections on day trading penny stocks by such esteemed online sources as Business Week Online, Interactive Investor and Entrepreneur. My Doubling Stocks review will reveal my hands-on experiences with the newsletter and caution you about any possible shortcomings.

One indisputable value of Doubling Stocks is that it offers you a full eight week 100 percent risk-free trial. You don't even need to bother with my review if you can just try it out yourself without risk and immediately start day trading penny stocks with Doubling Stocks' good stock picks. If after eight weeks you decide you don't want to buy Doubling Stocks because it hasn't provided you with day trading stock tips that work for you, you get all your money back, no questions asked.

If you choose to stick with it, you pay 49.97 just once: you never need to renew or pay anything more ever again and you'll receive the Doubling Stocks email every week for however long you wish. Different methods work for different people, so if you really want good stock picks and you're determined to succeed, there's absolutely no reason why you shouldn't try mastering day trading penny stocks through the Doubling Stocks newsletter. You have nothing to lose with the Doubling Stocks trial, but if you don't join soon you may miss your opportunity to join the newsletter. Michael limits the number of subscribers to his newsletter.

Day Trading Penny Stocks: Day Trading Stock Tips to Get Rich Quick?

Make money online and get rich? Sure. Get rich QUICK? In short, no. Don't fool yourself here. Doubling Stocks will provide you the good day trading stock tips you need to begin mastering day trading penny stocks, but it requires you follow through and accept some risk. In my three months with the program, despite few home runs, more than 3 out of every 4 picks made me money. But that means one in four picks didn't succeed. This is simply the nature of day trading penny stocks and no matter how many good stock picks you're provided, you will have to steel yourself for an occasional risk. I do strongly suggest you stick with it for a few weeks. You'll refine your trading wisdom with each newsletter arrival and any issue could suddenly provide the pick that really makes it all click for you.

The great news is that we are dealing with day trading "penny" stocks, not trading hundreds of shares of Microsoft or Exxon. When you start, you can easily limit your risk to pennies. Even if you're completely new to investing and have very little money to start, Doubling Stocks starts you slow, then you can reinvest what you've made until you're making some serious profit through day trading penny stocks.

Although I found it a benefit, one possible criticism of the newsletter is the no-nonsense approach Michael takes towards trading stocks. Like any business venture, you need to put in some time researching the topic a bit for yourself, because Michael is more interested in very direct and explicit good stock picks. You won't see him wax philosophical too often. "Just the picks, ma'am."

Will This Penny Stocks Newsletter Really Work For You?

As long as you put in a reasonable amount of effort, I really do think it will. Why? Because you have John Cohen's lifetime of wisdom and Michael Cohen's savvy and diligence providing you all the research and good day trading stock tips you could possibly need to succeed. You will need to put in your own work, but I found it remarkably simple and quick to begin making a bit of money right away with Doubling Stocks. You need to stick with it and reinvest your earnings slowly, but eventually you will reach some serious profits by day trading penny stocks.

I've tried a few different online programs and bought a few day trading books on Amazon. I am sure some of this material provided me some wisdom I do not realize I am using, but they all provided me too much background information and abstract theory. Doubling Stocks provides good stock picks so you can soon profit from penny stocks. You'll find very little dry, sleep-inducing theory.

Michael Cohen has made millions for many people. He has a loyal following and my time receiving his newsletter illuminated the reasons why: Simple, direct success with good stock picks for day trading penny stocks. But why should you give Doubling Stocks a shot? Because you have absolutely nothing to lose. Maybe you won't find it as worthwhile to you as it was for me. But why would you not at least give it a shot with the incredible eight week 100 percent risk-free trial? This is not expensive. This is not time-consuming. You have to decide how bad you want your financial independence. You don't even need to read my opinion when you can check it out for yourself. Go try Doubling Stocks now while there are still subscriber slots left.

And that is one final, important point. If you're at all interested, just do it and do it now. This isn't a service open to everyone all the time. Michael closes off access to Doubling Stocks every couple of months because he doesn't want too many people pillaging his picks and affecting the market. So if you want in, go to it! Start day trading penny stocks now!

Charlotte Simms is a former teacher and technology consultant. Her hope is to bring useful, empowering technology into the lives of people who feel intimidated by things like blogging, the Internet and online stock trading. Do you think a little bit of quick cash might help you out? Does quick mastery of day trading seem like something you'd enjoy? Learn more about finding financial freedom through penny stocks: Day Trading Penny Stocks

Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Tuesday, March 24, 2009, before a House Financial Services Committee hearing on AIG.  (AP Photo/Pablo Martinez Monsivais)Reuters - The Obama administration on Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts.

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Friday, March 13, 2009

Pivot Point Trading- 7 Guidelines For Success

What do we mean by pivot point trading? It simply means that Forex traders take into account pivot points calculated from the previous day's trading range and use them as reference points to identify support and resistance levels.

Taking the high, low, close and open values of the previous day's price action, strategic levels can be identified which may or may not have an influence on price action. Pivot point trading puts emphasis on these levels, and uses them to guide entry and exit points for trades.

However, as with any technical indicator, there are limitations and pivot point trading, to be high probability, needs to stay within certain parameters. The following 7 guidelines can help pivot point trading be more profitable:

No. 1

Pivot points should not be used as a standalone indicator. Do not enter or exit trades purely on the basis of pivot points. Use them in conjunction with other indicators such as candle patterns, Fibonacci levels, MACD, and moving averages to identify and confirm key levels of support and resistance which may provide trading opportunities.

No. 2

While some traders living in various parts of the world may calculate their pivot points according to the time zone in which they live, a fairly safe standard for calculating the levels of pivot point trading is to use GMT (Greenwich Meantime).

Midnight GMT is a very quiet time in the market with very little volatility and provides a good opportunity to calculate more accurate pivot levels going from midnight GMT to midnight GMT the following day.

No. 3

It is good to understand what is going on behind the scenes when it comes to pivot point trading. Rather than just staring at candles on a chart, understand what they actually represent.

Thousands of traders around the world, some working for large institutions and handling millions or even billions of dollars worth of currency, are taking positions according to previously established highs and lows in the market.

Pivot points draw attention to these key levels which will often be strongly defended by traders who have a lot at stake. This is the reason pivot point trading can be so successful, once a trader understands underlying reasons for price action.

No. 4

It is good to calculate mid levels in addition to the S1, S2, R1, and R2 pivot levels. Sometimes there is a significant gap between these levels and calculating a mid point gives another point of reference. Price will often be seen respecting M1, M2, M3, or M4.

To calculate mid levels, simply subtract the level below from the level above and divide by 2. (see the resource box for a free pivot point calculator)

No. 5

Pivot point trading can be a useful strategy for entering and exiting trades at the right time. A pivot point can provide a key level of support or resistance where price is likely to bounce for a 10-20 pip profit.

Or in the case of a trend, price may retrace to a pivot level before continuing its run. The retracement point at the pivot level would be a good place to put an entry order to be taken in when price comes back to retest at the pivot level.

No. 6

The Euro - US dollar pair often puts in a daily average of between 75 and 100 pips. Watch for specific behavior around the time of the London market open. Price will often come back to test a level which is a pivot point and form a distinctive candle pattern such as tweezers, or a hanging man, and then reverse and go on its 75-100 pip run for the day.

If price comes back to the M1 level check your other indicators to see if they confirm this would be a good level to go long. Likewise, if price, just around London open, tests the M4 level, check your other indicators to see if this would be a good place to go short. You may be able to get a slice of the 75-100 pip run for the day.

No. 7

Pivot point trading helps mentally in establishing the buy zone and the sell zone. Traditionally, anything above the Central Pivot Point is a Sell area, and everything below the Central Pivot Point is a Buy area.

If you go contrary to that, make sure you double check your analysis and have very good reasons for doing otherwise.

Pivot point trading is just one of an arsenal of weapons available to Forex market participants. However, it must be stated that many successful traders use just a handful of tools that become their favorites. After all, too many indicators can lead to decision paralysis.

For many traders, pivot points are a key element in their overall trading strategy. Use the 7 guidelines above to use them safely and responsibly.

For a free pivot point calculator, Fibonacci calculator and the best free economic calendars click here:

http://www.vitalstop.com/Forex/tools.html

Click here to learn how to use another indicator, the 200 EMA, in a simple yet powerful way:

http://www.vitalstop.com/Forex/Advisor/200EMA-forex-strategy.htm

Do you know the important lesson Mohammed Ali teaches us about Forex trading? Read it here:

http://www.vitalstop.com/Forex/Advisor/forex-online-trading-mohammed-ali.htm

Reuters - It pays to communicate but Corporate America is doing less and less of it with investors as the U.S. economy falls deeper into recession, undermining market confidence in the process, a new study showed.

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Wednesday, March 11, 2009

Making Real Money From Forex Trading - Do You Need to Be Trading Full-Time?

Profitable forex trading is something very few people manage to achieve. In fact it's estimated that 95% of people end up losing money from trading forex. However in this article I'm going to focus on the 5% of people who do manage to become successful forex traders.

A question many people ask themselves is whether they need to be trading full-time in order to make a successful living as a forex trader. Well the short answer, in my opinion, is no. In fact I would actively encourage people not to quit their day jobs in order to take up forex trading full-time.

Why? Well there are several reasons. Firstly you should ideally have a few years trading experience under your belt before you even think about going full-time. In this time you should have demonstrated an ability to generate consistent profits. You may have previously traded on a part-time basis knowing that you had a full-time income coming in from your main job, but nothing can prepare you for the pressures you face when your sole income depends on you making profits from your trading.

This pressure can be extremely intense and can even lead to rash trading decisions being made. For instance after a few losing trades have occurred it's not uncommon for traders to lose their rationality and chase their losses, which nearly always results in disaster.

Another reason why I don't recommend people try their hand at trading full-time is because it is definitely not for everyone. Trading the markets every day from your home computer can be a lonely and sometimes depressing experience. Sure you have forex forums and chatrooms but they are no substitute for real face-to-face interaction.

Finally I just don't think you necessarily need to be at your computer screen all day to make good money from forex trading. There are plenty of sound trading strategies which rely on daily or weekly charts, for instance, that can be traded quite easily using end of day data. All you do is analyse the markets at the end of the session and place your orders for the next day along with your limit and stop loss orders.

I myself consider myself to be a full-time trader yet for most of the day I'm working on my various websites and paying little attention to the markets. That's because my main trading system relies on the 4 hour charts so I only need to check occasionally to see if there are any good set-ups.

In general my advice to people thinking about taking up forex trading full-time is to put all your efforts into finding a solid part-time or longer-term trading strategy. This way you have the safety cushion of a full-time income and yet you can also make substantial gains from forex trading at the same time with a good solid trading strategy.

For reviews of profitable forex trading systems please click here to read about the 10 Minute Forex Wealth Builder and the Blade Forex Strategies.

Reuters - JPMorgan Chase & Co Chief Executive Jamie Dimon said on Wednesday he sees "modest signs" of an economic recovery and endorsed a plan to create a U.S. systemic risk regulator.

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Sunday, March 8, 2009

Day Trading Community - Join One Today

Everybody nowadays wants to indulge in day trading as it offers an opportunity of earning reasonable money on a daily basis from the comfort of his or her home. All they have to do is to convince themselves that day trading is a decent way of having some extra income in addition to what they are already earning from their regular sources of income.

An online day trading community helps them fulfil their ambition of day trading in financial instruments like stocks and currencies. Day trading involves buying and selling these instruments on the same trading day. Here, traders have to close their positions before the stock market closes for the day.

The advent of the Internet has led to rapid expansion of online communities. An online day trading community is one such community that acts as a forum for people who are new to the trade or who have already been trading but want to be part of such a community so that they can offer their views on stock markets.

Here, members of a day trading community are given the facility of chartrooms and conferencing so that can share and express their valuable inputs on the latest trends and conditions in stock market.

The volatility of a stock market warrants that people trading in financial instruments should refrain from making hasty decisions. An informed decision to trade in a particular stock will always be a judicious step. Since stock markets are very sensitive to any happening in the world - whether political, financial or religious, every decision demands patience and information.

A day trading community can be very useful to its members as it can offer valuable tips and information on what price a specific stock is trading at and which way it is going to move in the future. Many online communities publish stock indexes compared vis a vis various other such indexes, thus giving you an informed choice of what to buy or sell.

This article written by David Jose is on Day Trading Community. David Jose has been a avert writer on various online trading communities. His work has been published in several places across the web. At present David Jose is contributing towards making MTP a well known and popular online trading community.

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Wednesday, March 4, 2009

Learn Forex Trading

Almost all internet marketers have heard of forex trading or online currency trading as it is sometimes referred to and many are curious about how the forex trading system works and where they can go to learn forex trading.

In order to become a successful forex trader you need to know what forex trading is and how to successfully trade forex. In order to achieve sufficient knowledge it is vital to learn forex trading from experts. This can be done in the form of a forex tutorial and there are literally hundreds of forex companies offering online tutorials and guides.

An online forex tutorial will explain how the foreign exchange market works and will also explain the types of forex orders that are available to you as a forex trader. A forex tutorial will also explain about technical indicators and what they mean, the economic indicators you will need to be aware of and the various options and strategies that are available to you as a forex trader.

If you are new to forex trading then it is essential that you learn forex trading before parting with any of your hard earned cash. Many online forex companies offer free training and demonstrations that resemble that of real time forex trading. There are also forex trading courses available and these are also a valuable way to learn forex trading as you can refer to these course time and time again.

The most important aspect when it comes to forex trading is to learn forex trading so that you understand how to trade and how to trade successfully. The more you learn forex trading the more understanding you will have and the more success. Finding a forex tutorial or forex trading course is simple. All you need to do is a brief internet search and you will have a great deal of tutorials and courses to choose from. If you are serious about succeeding as a forex trader, then its down to you, learn forex trading now and learn to succeed.

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In this March 2, 2009 file photo, Specialist Michael Sollitto works on the floor of the New York Stock Exchange. People are increasingly skeptical the government knows how to pull the nation out of its slump, and many have stopped listening to financial advisers reciting the conventional wisdom to 'stay the course' . (AP Photo/Richard Drew, file)Reuters - Stocks rallied on Wednesday, ending a five-day losing streak, as another Chinese stimulus package boosted commodity prices and encouraged investors to jump into energy and natural resource shares.

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Saturday, February 28, 2009

3 Critical Day Trading Mistakes And How To Avoid Them

Ah, the day trading profession - it's the perfect job, right? You can work when and where you want. You have freedom and independence. You answer to no one but yourself. All this sounds great and there is no doubt that day trading can be a very lucrative and rewarding career, but let's take a look at the cold hard facts. Nearly 80% of those who attempt day trading will fail. Trading accounts are lost every single day because of trading too much, taking illogical risks or just plain ignorance.

Don't get me wrong, you can make substantial profits at day trading. There are many successful day traders out there that are making a nice living year after year. In order to have the greatest chance of success, there are several mistakes that must be avoided:

1. Trading With Emotion

The single biggest mistake made by day traders is trading with emotion. If you trade with emotion you will lose money - It's as simple as that. Greed and fear rule the stock markets and these two emotions are precisely what will put you in the hole. Too many decisions when trading are based on emotions, rather than logic. The key here to overcome emotions is that you must have a system in place that picks trades mechanically - this will take greed and fear out of the equation.

2. Trading Without Proper Research

Day trading is a serious business and it needs to be treated that way. Many traders make the mistake of half-hazardly buying stocks without taking the time to complete the proper research. Day trading is for real and the stock market has no mercy for the
unprepared. To be a successful trader you simply must have a carefully planned out system in place for how you go about researching your potential stock picks.

3. Trading With Money You Can't Afford To Lose

Successful day traders never trade with money that will destroy their lifestyle or family if lost. It then becomes a domino effect and fear will take over trading decisions. The worst possible trading choices will be made and bank accounts will be depleted.

So in summing it up, day trading is a great way to make a living and a very lucrative one if you have a system in place and can avoid the mistakes that were discussed above. Just remember to avoid emotion, make sure you have done your research and never trade with money that you cannot afford to lose.

To see how easy it is to make money trading stocks and to get a free trial of a proven system that has consistently produced profits go to Stock Trading Systems USA Review. Once you try the system you will wonder how you ever got along without it.

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Monday, February 23, 2009

Forex Trading - Overcoming the Obstacles

Life would be a lot easier if everybody would conform to rules. If everyone becomes a law abider then, perhaps, there will always be peace and happiness.

In the same way, if there are rules printed in black and white involving forex trading then everybody wins. The sad truth, however, is there are no clear cut rules to forex trading. The forex market, in fact, operates in an unstructured environment, thus succeeding in forex currency trading becomes an obstacle for most people. If truth be told, only 5% actually succeed as a forex trader.

There are definitely downsides to operating in an unstructured environment as forex. For one, you have to be responsible for your actions and this is quite impossible especially if you are already used to having somebody else to blame if things go wrong.

Moreover, there are no standard rules to follow in forex trading. Since rules are important in any undertaking, you must come up with your own -- and stick to them at all cost. One possible reason why some traders fail is because they do not follow their own rules. They get frustrated easily when things look bad and they forget that there are rules they need to abide by.

One other thing you must understand trading forex, it is not your own effort that matters but to make the right decisions that count the most. You can work for 16 hours a day and that will amount to nothing if you make one wrong move. In forex trading, too, you have to be emotionally detached. You may find this difficult to do considering that man, by nature, is a social being. However, in forex currency trading, you have to be able to make your own decisions and not be influenced by the dictates of society.

If you are able to overcome these obstacles, you will most likely find success trading in the foreign exchange market.

Automated forex software help to avoid the pitfalls while trading forex. These forex trading systems are specifically made to analyze technical data and give forex signals when to buy and sell. Since these forex robots don't involve human emotions, they help for more profitable trading in the forex market.

For more information on forex trading visit http://www.fxmoneytrading.com

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Friday, February 20, 2009

Forex Day Trading- Two Step Trend Analysis

If you approach forex day trading by just looking at the 5 minute and 15 minute charts there is a strong possibility your account will evaporate sooner rather than later.

In order to get a feel for the market and an indication of the current trend it is necessary to do an analysis by looking at multiple charts on different time frames starting with higher level charts first.

Rather than having the charts cluttered with numerous indicators and signals which can cause signal paralysis, I recommend just two:

1. MACD (with default settings)

2. 200 EMA (Exponential Moving Average)

Now examine your charts using a top down approach:

  • Daily
  • 4 Hour
  • 1 Hour

As you check each chart take note of these two factors:

  1. Has MACD crossed down or up and is it above or below the water line?
  2. Is price above or below the 200 EMA?

While it is not crucial to have them all lined up on these three time frames for successful forex day trading, if you want to be a cautious trader and go for high probability trades then certainly MACD on the 4 hour chart and 1 hour chart should be in agreement as also should price in relation to the 200 EMA.

The daily chart can be useful in seeing the larger picture and for noting key levels of support and resistance. They stand out on a daily chart so if price is within 100 pips of a crucial level of support or resistance as seen on the daily chart, make a note of the figure.

Then scale down to the lower time frames and see if this level matches with other indicators such as pivot points or Fibonacci levels.

Once you have done this groundwork, NOW you can look at the 15 minute and 5 minute charts for a suitable entry point.

Remember, for successful Forex day trading you need to adhere to the No. 1 commandment: Buy The Dips and Sell the Rallies!

So avoid chasing the market and going with the flow. Instead, wait for price to come the level you want, set your entry order, and let price pull you into the trade.

The Danger With Lower Time Frames

Just concentrating on the 15 minute and 5 minute charts will not give you the bigger picture. You could see what looks like a perfectly good trade and set your stops and limits only to find you get blown out within a few minutes.

By looking at the higher time frame you would probably have seen you were close to a key support or resistance level and either not gone into the trade or adjusted your stops and limits accordingly.

For the novice, Forex day trading can involve a huge learning curve. Include this simple daily top down analysis approach to your trading and protect yourself against making trades you wish you didn't!

Click here to learn how to use the 200 EMA in a simple yet powerful way:

http://www.vitalstop.com/Forex/Advisor/200EMA-forex-strategy.htm

For a free candle & chart pattern recognition reference tool click here:

http://www.vitalstop.com/Forex/Candle-Chart-Patterns

For the best free economic calendars plus a free pivot point calculator and Fibonacci calculator click here:

http://www.vitalstop.com/Forex/tools.html

Members of the coalition forces participating in Operation Enduring Freedom stand at attention as they wait for the arrival of the head of the coalition, Gen. Tommy Franks, in this Friday, Nov. 29, 2002 file photo taken at Bagram Air Base in Afghanistan. A reader-submitted question about how many countries have armed forces in Afghanistan is being answered as part of an Associated Press Q&A column called 'Ask AP'  . (AP Photo/Pat Roque)AP - You're struggling to make ends meet, but each month you manage to scrape together your mortgage payment, if just barely. Are there any programs out there that might help you lower your payments to something a little more affordable?

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Sunday, February 15, 2009

The Ugly Facts of Life About Being a Petroleum Trader

Anyone who's gotten involved in the inevitable daisy chains that are part of the online international commodity "trading" business has learned a new meaning of the term "dead end."

The fact is (and this is learned from real oil traders who know from experience) that most of these "deals" are just fake, plain and simple.

Thanks to the Internet, these days some phony-baloney oil brokers even have their own websites and call themselves petroleum suppliers or petroleum companies even though they may not have completed a single real oil trade transaction in their lives. Why do they keep doing it?

I honestly don't know. The sad thing is these traders' persistence could be put to good use if they ever took the time to actually learn about the business. And don't think it's only the unschooled who fall victim to these daisy chains. Many lawyers, MBAs and educated men and women who should know better are frequently sucked in too.

When real petroleum companies deal with real refiners in foreign countries, the standard procedure is that the seller makes a firm offer to the buyer - subject to whatever he needs done - and the buyer then takes a look at the offer and says either we've got a deal or we don't.

Simple. It's just like any other trade transaction in that regard. Too many buzzwords and too many qualifiers usually mean you should stay clear. And contacts who are actively seeking banking information before any discussion of product are usually non-players.

What about discounts? Real traders know there's no discount on orders whether it's a big deal or a small deal but the "play traders" believe that if the deal is bigger, there should be a bigger discount. This is another example of not knowing the industry.

Instead of looking for suppliers of huge amounts of oil in its various forms, the real buyers know that no single supplier can come up with one million barrels a month (an amount frequently tossed around) because the refining capability just isn't there.

What about someone fronting for a rich Saudi sheik?

Fat chance, say the real traders. In the case of Saudi Arabia, there are only two legitimate organizations that sell oil on behalf of the country or an oil consortium. Someone who says he's selling on behalf of a Saudi sheik is just, well, full of sheik!

And if they start talking about millions of barrels per month it's almost certainly not real unless they're talking about crude oil.

Remember, a broker's entire job is to help a petroleum company's trading department find or sell oil and related products so that he will receive a commission when the deal comes together. Will you get paid? That's always an issue for export intermediaries but it can be especially tricky in the oil business.

The fact is that most oil companies -- and especially the big ones -- have traders in their marketing departments who operate honestly and fulfill obligations to brokers. But there are some independent and smaller companies who treat brokers shabbily and their reputations are widely known - another reason to get smart on the oil business before you dive in.

Surprisingly, you will probably find that many of the bigger oil trading companies will not only accept your services but may also provide advice and assistance.

So what's the bottom line?

Like I said before, it ain't easy. And you've got to know what you're doing. The fact is, petroleum marketing is a dog-eat-dog business and if you're a broker, you'd better have the resilience and perseverance to work through the baloney and outright deceit which seems to attach itself to petroleum trading.

Frankly, unless you have contacts in or familiarity with the petroleum industry, I recommend you stay with small- and mid-sized product manufacturers who are not exporting their products. It may not be as exotic as trading in petroleum, but it works - and you can make some real money. If you insist on trading in the volatile petroleum industry, try to find someone who will mentor you on the ins and outs. This is probably the best way to make sure you don't get "burned" by oil.

Dennis Hessler is the publisher of The Computer User's Guide to Running Your Own Exporting Company and numerous other books, video tapes, software packages and The International Trade Connection newsletter which is designed to show entrepreneurs new to exporting how to get involved in the booming global market.

Learn more about international trade at his website, http://www.spyglasspoint.com You can also download a free sample copy of The International Trade Connection at the site. If you have questions about any of his products or international trade in general, e-mail Dennis at Dennis@spyglasspoint.com. Spyglass Point Productions, P.O. Box 13141, Pensacola, FL 32591 U.S.A.

U.S. President Barack Obama speaks at a Caterpillar Plant in East Peroria, Illinois, February 12, 2009. (Jim Young/Reuters)Reuters - WASHINGTON (Reuters)- President Barack Obama's aides warned Americans on Sunday not to expect instant miracles from the $787 billion economic stimulus bill he will sign this week, but said it would help eventually.

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Thursday, February 12, 2009

Forex Trading Platforms - 3 Questions To Ask When Comparing Trading Platforms

Assuming you've already done you initial research into forex, and understand the basics and the risks involved, you'll probably start searching for a forex trading platform next. Here are three questions to ask when comparing your options to help you make the best choice for your situation.

Tip #1: Is A Demo Account Provided?

Almost every company that offers a forex trading platform will provide a demo account for you to practice and learn on first. Stay away from any trading platform that does not provide this option. It is in every company's best interest for you to learn to trade as well as possible, and demo accounts are one way of encouraging this. Also, once you've chosen your platform, make certain to actually use the demo account first before risking any actual capital.

Tip #2: Is Solid Training And Responsive Support Included?

No matter which platform you choose, you'll likely need some help along the way. See how much training information is offered by the company. Make sure they have a support email and phone number - and test them out. Call and email with a few questions, and see how fast they respond - and how helpful their responses are. This will give you a good indication of the type of personal service you'll be getting if you decide to invest in their platform. Beware of any company that provides canned responses on the phone, or boilerplate email replies.

Tip #3: What Is The Minimum Amount You Can Start With?

Once you've narrowed down your choices with the questions above, you'll need to find out which platform will let you effectively trade with the amount of money you have to initially invest. Keep in mind, although you'll be able to trade larger amounts if you have larger amount to start with - never risk more than you can afford to lose.

Bonus Tip: Before you make you final decision regarding which forex trading platform you're going to go with, make sure to check out user reviews at a free forex forum and chat room like: http://www.freeforexforums.com

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Monday, February 9, 2009

Rule the Currency Market With the Best Forex Trading Indicator

That's right! You can really make some nice, consistent profits with the best Forex trading indicator. Of course, you are wondering when I am going to tell you what it is. OK .. drum roll please .. it is the most time tested and reliable Forex trading indicator .. known as .. the 200 Day Moving Average. Yep, it's the ole' faithful instrument used by more money managers and large institutions than any other indicator. The truth is that this trading indicator is so effective because it works as a result of those who work it. Let me give and example: A certain currency is trading above its 200 day moving average. Five of the big money managers in some of the largest financial institutions see the currency is above this mark and as a result they move on it .. going long that currency. Guess what happens when the "big boys" make that move? That i right, the currency goes up. Why? Because it is the big money that moves the markets. it has always been that way and always will be.

Now, I am not suggesting that you go and find any currency trading above the 200 day moving average and go long that currency. Nor am I saying that you should short a currency that is trading below the 200 day moving average. Here is what it comes down to: Start with currencies that are above the mark (200 day moving average) then learn to use other indicators to confirm your move. I also suggest using a reliable trading software program that provides timely and effective trading signals (I have included a couple of links for review sites that can give you an objective look at what has a good track record and what does not).

Good trading ahead as there is always opportunity to make money on the Forex market.

Get an Objective Review of the Most Popular Forex Trading Software Programs. Best Forex Trading Indicator is the place to visit.

See What Forex Trading Software REALLY Works! forex-trading-system-review.com is the place to visit.

Reuters - The U.S. Securities and Exchange Commission's top enforcement official, Linda Thomsen, plans to leave the agency and return to the private sector, the SEC said on Monday.

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Friday, February 6, 2009

How You Calculate the Profits Form Forex Trading That Will Help You Quit Your Day Job

One of the first things that people interested in trading the forex markets for a living want to know is how much they would need to make every day to earn a full time living. Quite honestly, if you are looking to make a modest income($40,000-$50,000), from you home, the Forex markets are perhaps one of the best ways to do it with minimal capital and unlimited potential.

What you need to calculate, to figure out your trading profits, is something known as calculating your profit and loss by way of pip's movements. A pip is just the minimal amount of money a traded pair of currencies can move in price. For instance, if you have a currency quoted out to 4 decimal places, the smallest amount it can move is .0001. So, that .0001 is a pip. And we use it to calculate our profits for an entire trade.

So, you place trades in what are known as lot sizes. A lot size can be $10,000, $100,000, etc. To illustrate the power of Forex trading, and to show you just how small of a price movement you need to make 100s of dollars each day, I am going to use $100,000 lot size. Let's say that we trade $100,000 lot, and that the price of one currency relative to another moves up .0020. Now that number to your left is a fraction of a cent, but it is known as a 20 pip movement.

To figure out the profit that only a fraction of a cent movement can make on the trading of $100,000, we do the following calculation: (.0001/price of currency you are selling) * $100,000=price per pip (let's say in this example it is $5.00- it has nothing to do with a large huge movement, all we need to know is that pair that we are trading ONLY rose .0020), then we take this $5.00 price per pip and multiply it by the .0020 or 20 pips (rise in currencies relative to each other), and we get $100.

So, in summation, what has happened here is that you traded $100,000 lot(you don't have to trade such a large lot) and with a .0020 increase in the currency pair, you made $100. Now imagine if you traded that pair and it moved up a full cent. Well, you would have five times the amount of money. This trading takes studying and practice. You can actually trade a demo account(fake money, but real implications) with someone who does these exact types of trades for a living. He can give you daily live training here for an excellent price. Most good training costs thousands of dollars. This is a fraction of that.

Good luck training.

Bernard Madoff is escorted from Federal Court in New York in this January 5, 2009 file photo. (Lucas Jackson/Reuters)Reuters - The frequency of Ponzi schemes is not increasing but the magnitude of the frauds is, a Securities and Exchange Commission official said on Friday.

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Thursday, February 5, 2009

Why New Traders Fail

There is a lot of hype in the online world that lures many from all walks of life to try their hand at trading. Only a few succeed to make any money, most almost 95% fail and lose their account. There are a couple of simple reason why this happens. In this article we will list them out, and hopefully the young trader can avoid such mistakes.

1. Too eager for profits. This is the number one killer I believe. Why I say this is because many young traders succumb to the greed that is the curse of us humans. We want to make quick profits and in that want we take risks that we would normally not take. In fact we do the craziest things and actually believe that it becomes something that would "just for us" We create a fantasy world and live there!

2. Not enough learning. This is really the 2nd biggest killer. Now you might e screaming out loud saying you have read and bought every book every written on trading. So why aren't you making a killing? Knowledge and learning are different matters. Learning is taking that knowledge and applying it to each and every action you do. If you have the knowledge but take no action on it, then it is same as the trader who has none.

3. No proper trading plan. Now a trading plan is not a jumbled collection of wants. A proper trading plan lists out each and every action you will take at each juncture of the trade. It must clearly spell out, what your profit objectives are, what is your risk level, your stop loss, when to enter, how to exit the trade. And to top things off it must be so simple that a 5 year old could do it! Sounds like a tall order? Not really, read my free ebook to find out how you can do all that.

4. Discipline. Most traders would say that their discipline is really there, but sometimes things happen in the trade and you know...stuff happens...I get that so often it starts to become funny. These are excuses, and if you have been telling yourself that it is time to stop and take stock. Manage your mind and you will be able to manage your trading. That will lead to profits coming in consistently.

Do not wonder why the above mentioned sounds so common sense. You have been given pointers, the only thing that separates the old you and the new profitable new you, is the action you will take now. Choose wisely and take responsibility for your choice.

Dr. Joshua Geralds is a successful Investment Specialist with over twenty years experience increasing the income of people world wide. For a limited time get his free Money Management to a Million Dollars e-course here: http://www.pipsalot.com

A Bank of America sign is seen in the Northern Virginia town of Leesburg, January 18, 2009. (Larry Downing/Reuters)Reuters - Bank of America Corp shares sank to their lowest level since 1984 on Thursday on swelling fears about losses tied to a bad economy and its acquisition of Merrill Lynch & Co, adding to pressure on Chief Executive Kenneth Lewis.

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Monday, February 2, 2009

Using the Internet For Forex Trading

One of the most convenient resources available today is the Internet. Today the Internet can be used to quickly exchange data and information world wide. Thanks to this convenience people from all backgrounds have been able to use the Internet to do nearly anything, including trading in the profitable financial markets.

Using the Internet for financial trading is more than convenient. It makes financial trading possible for people all over the world. Before the Internet financial trading could only be done inside the market floor or with the help of an experienced, expensive, broker or advisor. Now all a person needs to trade online is a reliable computer, Internet connection, and easy to use trading software.

If you are a confident Internet user that is interested in the financial market it is time for you to consider the world of Forex. The surprising growth of the Internet has encouraged the Forex market to relax some of the strict rules regulating who could trade and how they could trade. Now a person does not have to be affiliated with a well known company or have a large amount of investment capital available to begin trading.

This ability exposes curious investors to an exciting and promising world of Forex. There are many who are unsure about Forex trading and do not believe that they will be able to make any more money in the Forex market than they would in any other investment. In reality, the Forex market is the largest financial market in the world that is active 24 hours a day. This nonstop trading involves trillions of dollars in currency being bought and sold each day.

With the ability to use the Internet and reliable software to trade in the Forex market anyone with determination can make their fortune with Forex trading. The Internet combined with Forex software gives average people the opportunity to learn and experiment with the Forex market in an entirely risk free, simulated environment before getting started in the real-time market.

If you are interested in finding out more about Forex Practice Accounts or Forex Trading feel free to visit Forex Automation.net

A woman shops at the Macy's store at a mall in a Denver suburb in this May 16, 2008 file photo. (Rick Wilking/Reuters)Reuters - Macy's Inc said on Monday it would slash about 7,000 jobs and cut its quarterly dividend as it forecast earnings for fiscal 2009 that fell far below Wall Street expectations, sending its shares down 4 percent.

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Wednesday, January 28, 2009

Currency Swing Trading - Why Novices Can Build Big Profits With This Method

Currency swing trading is the perfect method for a novice to use because it overcomes the main barrier that most traders have when trying to achieve currency trading success...

It overcomes the problem of discipline. Most traders lack discipline and it's the big difference between success and failure and swing trading requires very little as profits and losses come quickly. It also overcomes the impatience of most traders who like to trade.

Before we continue you might say well, forex day trading requires even less because the moves are shorter but the problem you have with day trading is it simply doesn't work.

Why?

Because all moves within a day are random and you can never get the odds on your side and you will eventually lose.

You get a lot of vendors telling you that you can make money day trading but look at their track records - there all simulations in hindsight and that means nothing.

Swing trading is easier than long term trend following from both a discipline point of view and a patience point of view but can be just as profitable.

You're Aim

You are looking for reactions within the major trends when prices get over bought and oversold and trading into these levels and a swing trading based upon the following will work.

You simply need to use trend lines and Bollinger Bands - the latter tells you the volatility and is a great tool. Check our other articles for more details. When prices become overbought and oversold and testing resistance or support you have a potential trade.

Confirm the Move

Before it gets to this level you need to check the strength of price it should weaken into resistance and strengthen into support ( never guess always wait for confirmation), you check the strength of price with momentum oscillators and two great ones to use are the stochastic and RSI.

You're Stop

If they support your view you trade and your stop goes behind the support or resistance level tested.

Hit and Run

You should take your profit early and not trail a stop and your profit should be taken in when the price moves toward the next level of support or resistance. Currency swing trading profits disappear quickly, so you simply take them early or "hit and run and bank"

Simple but Effective

Now the above is a simple currency swing trading system I have used for 20 years or so and it's worked well for me and can for you and you can pile up triple digit profits. Don't be put off by its simplicity all the best systems are and this means they are robust with fewer elements to break.

You can learn to swing trade in a week or so and it will take you less than 30 minutes to apply. It's fun, exciting and can and does make big profits - try swing trading and you maybe glad you did.

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For free 2 x trading Pdf's, with 50 of pages of essential info on Currency Swing Trading visit our website at: http://www.learncurrencytradingonline.com.

A Wells Fargo bank branch is framed by North Table Mountain in Golden, Colorado January 28, 2009. Wells Fargo  and  Co shares soared on Wednesday as the bank reassured investors by maintaining its dividend and saying it does not need more money from the federal government despite a massive quarterly loss. (Rick Wilking/Reuters)Reuters - Santander in Europe and Wells Fargo & Co in the United States offered a glimmer of hope to shareholders in the stricken financial sector after both banks held their dividends steady.

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Friday, January 23, 2009

Forex Virtuoso Review - Is This Forex Currency Trading System a Scam?

If you have read the Forex Virtuoso webpage, I am sure that you might be skeptical about the claims made by the system creator. He claims that he has been able to generate more than $800 on his best day, and this made me even more suspicious.

This Forex currency trading system seemed like it had many useful benefits like being mechanical and requiring very little time per day, so I eventually went ahead to try it. This article will describe some of the aspects of using this system and whether or not it would be suitable for you.

1. How Much Capital Do You Need To Start Using Forex Virtuoso?

Even though you can start trading the Forex markets with a small amount of money (depending on the broker you choose), it is highly preferable that you start with at least $500 and not over leverage your account. If you are not confident of using the system, you may want to paper trade or open a demo account to test the system first and see its profitability before using real money.

2. Can You Use Forex Virtuoso If You Have Zero Experience Trading The Forex?

You definitely can. It is almost equally easy for both experienced and new traders to use this system, since the steps are 100% mechanical and does not require any thinking on the trader's part. Within minutes after purchasing the system, I was able to understand how it works and started using it to profit on the same day.

3. What Are The PC Requirements You Need To Implement The Forex Virtuoso System?

You should ensure that you have a reliable internet connection and CPU processing speed fast enough to support whichever trading platform you choose to use. Other than that, you should find no problems implementing the Forex Virtuoso system.

Is the Forex Virtuoso system a scam? Visit http://www.top-review.org/forexvirtuoso.htm to learn more about this premium Forex trading system!

A view of the Belgian headquarters of U.S. pharmaceutical giant Pfizer, in Brussels January 23, 2007. (Francois Lenoir/Reuters)Reuters - Pfizer Inc , the world's largest drugmaker, is in talks to buy Wyeth in a deal possibly valued at more than $60 billion, sources familiar with the situation said on Friday.

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Friday, January 16, 2009

Forex Trading While You Snooze

When a currency is being traded for another currency, a foreign exchange trading is taking place. It is commonly known as forex trading or simply FX. Forex trading is by far the largest financial market in the world with an average daily trading of a whooping $4 trillion. Banks, multinational companies, governments, financial institutions, and currency speculators trade 24 hours a day, 5 days a week. With all the currencies in the world being traded, you can see the extreme liquidity of the market. So, it really is not surprising that people are attracted to forex trading like a moth to a flame. The problem is that not everyone has the patience to learn how the market works. Before delving into the rough waters of forex trading, it is important to at least have a working knowledge on how the market works and how transactions take place.

In a typical forex trading scenario, you buy a currency that you think will either weaken or strengthen against another currency. Say, you want to sell your Euro at a specific bid price because you speculate that it will weaken against the US dollar. When the market moves in your favor, you can then buy back your Euro at a lower price. The difference in your Bid and Ask price will be your profit. It does look pretty easy and you can actually get the hang of it in just a few transactions.

Forex trading can be an attractive investment opportunity if you know how to play the game. The downside is that you need to monitor the movements of several currencies that you want to trade. Since the trading is active 24 hours a day, certain factors can easily affect the rise and fall of certain currencies. If you are not quick enough to catch these developments, you will not be able to cash in on forex trading. The best solution will have to be a Forex autotrader.

A Forex autotrader is a forex trading software that will help you handle all your online trading. It's just not possible to monitor the market every waking hour, so the software can do all your forex trading work for you, even when you are snoozing or relaxing. Of course, you have to check once in a while how your trading is coming along. The great thing about this software is that it is easy to use. You just need to install it in your computer and you can instantly get started. If you are not too comfortable with setting up the system, there are ways to get it done with technical support. The graphs and the numbers you see on your screen are various monitoring system that will allow you to see the performance of currencies against each other. You can also see how much money you are earning and if you decide you want to invest more, you can let the Forex autotrader do its job. It's great when someone does something for you, but it's even better when you earn something in the process.

Steve Comet, a pseudonym, is a group of experienced forex traders. Our team has reviewed all the different forex autotraders that exist, and found out the ones with make money. Check out our forex autotrader reviews

The Motley Fool - Stashes of old, paid bills, expired life insurance policies, receipts for broken gadgets, and canceled checks for haircuts you got in college -- sound like your filing system?

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Sunday, January 11, 2009

Currency Forex Market Trading

I wanted to take the time to talk to you about the currency forex market and trading in it. This is a very big market. In fact it has the highest volume in the world with over three trillion dollars moving around each day. There is a lot of money to be made, but also a lot of money to be lost if you're not careful. It is estimated that around 95% of traders lose their money and I think the exact reason is that they jump right in without having the basic knowledge of the market. I've learned a lot over the years, so I'll share that with you.

Everyone in this market experiences losses and bad trades. It's just part of life. Nothing will ever go perfect, but learning how to properly do things can really save you a lot of headaches. People have a hard time letting go of trades. It's just the oddest thing. They think it will eventually go up and it might, in a year. That's not practical. You'll just have money sitting in the market for a year, producing nothing that might break even in a year. Cut your losses, get some of your money back and reinvest it in a profitable trade.

You're going to have a lot of strategies to try out in this market. When you have too much choice, you end up trying too much and learn nothing. Find a strategy and stick with it. You have to give a reasonable amount of time for it to perform, so you can be sure it works or not.

Forex Tracer is an important part of trading and is required to help you become more profitable in the long run. I highly recommend you start using it.

Learn more at the Forex Tracer Review.

A businessman walks past a Citibank branch in Tokyo, November 18, 2008. (Yuriko Nakao/Reuters)Reuters - Citigroup Inc is in advanced talks to sell its Smith Barney brokerage unit to Morgan Stanley, a person familiar with the matter said on Friday, in a move that would further dismantle the financial supermarket that has been bailed out by the U.S. government.

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Friday, January 9, 2009

Online Trading Systems - How To Find A Profitable One

Trading online is now so much easier and far cheaper than using a broker, that is why there are some many people electing to trade online rather than having to go through the hassle of phoning a broker directly every time they want to place a trade.

However the major draw back of trading online is that you are trading on your own. And as any seasoned trader, whether they are trading online or offline will tell you the biggest challenge is having a reliable trading system that you can use in your online trading.

An online trading system means you enter into a trading position when all the trading signals are met through your online trading system using a check list.

The only way you are going to be able to succeed as an online trader is if you have a strict set of guidelines you can follow in a trading system and having the discipline to stick to them

Having and using a predetermined system of trading will enable you to take the emotion out of the trading decisions you make thereby greatly increasing your chances of success in trading online.

There are many online trading systems available on the internet and in book stores, and most of them do work to a certain degree. But picking an online trading systems depends on your style of trading, which is possibly hard to do if you have not been trading for any considerable length of time.

All you can do when you find an online trading system that you think may be profitable is to back test it. What is back testing? It is simply taking the chart of a stock currency or indices and going back in time and then advancing the chart bar by bar and making a decision on what you would do...(either go long or go short) with the information you have at hand.

To do this back testing properly for online trading you have to make sure you do not cheat by seeing what happens further on in the chart. What I do is put my cursor on the slide button on the chart, shut my eyes and basically go back in time. That way your decisions can not be coloured by what you have seen prior on the chart.

To find out about a trading system that uses the time and price concept visit: http://www.tradingslingshot.com

Hil Smith is the author of http://www.tradingslingshot.com which is a website with free educational material for online trading.

Employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, a government report showed on Friday, suggesting that the year-long recession was deepening. (Graphic/Reuters)Reuters - The unemployment rate surged to the highest in nearly 16 years last month as a deepening year-long recession forced companies to axe more than half a million jobs, government data showed on Friday.

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Thursday, January 8, 2009

Price Oscillator - Technical Indicator

Overview
The Price Oscillator displays the difference of two moving averages in either points or in percentages. This technical indicator is very similar to the MACD, but there are two main differences. (1) The trader can define any two input parameters for the periods of the moving averages, while the MACD is always 12 and 26. (2) The Price Oscillator can be expressed in terms of percentages, so buy and sell signals can be generated as the price oscillator shifts from positive and negative territories.

How to Calculate The Price Oscillator
To plot the Price Oscillator in terms of points use the below formula:

Shorter Moving Average - Longer Moving Average

To plot the Price Oscillator in terms of percentages use the below formula:

(Shorter Moving Average - Longer Moving Average)

------------------------------------------------------------------- * 100

Longer Moving Average

Trading Methods
There are numerous trading methods for the Price Oscillator. Since the indicator is a trend following system, majority of traders follow a very simple rule of buying when the shorter average crosses above the longer average and conversely when the shorter average crosses below the longer average a sell signal is triggered. Another method is to fade the signals and go in the opposite direction. This generally works better in choppy markets, as the moving averages are not permitted to trend due to a range bound market.

Positives
As stated above, the Price Oscillator is a trend following indicator, so naturally the indicator works best in trending markets. Remember, that crosses in the moving averages will generate buy and sell signals, so in trending markets, there are few signals triggered, which allows a trader to maximize their gains, by riding the stock for big profits.

Negatives
Traders can find themselves in serious trouble with the Price Oscillator when the market is choppy. For example, if a stock is trading within a range of $20 - $25 dollars, as the stock approaches $25, the shorter moving average will often close above the longer average due to the upward move in price. To the detriment of the trader, the range will provide resistance at the $25 level and the stock will once again head lower. Depending on the traders stop loss strategy, at a minimum this situation will cause a number of false signals and losing trades.

Al Hill is the co-founder of mysmp.com (My Stock Market Power) which provides education on all topics finance; including stocks, bonds, options, futures, forex, technical analysis, and more! Please visit http://www.mysmp.com for more free financial educational content.

The Palm website is seen on the Palm Pre smartphone at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada January 8, 2009. Palm Inc took the wraps off its overhauled mobile operating system and introduced the Pre touch-screen phone, hoping the move can help it win back customers from rivals like Nokia and Apple. Shares of Palm jumped more than 15 percent to $3.80 on the news. (Rick Wilking/Reuters)Reuters - Palm Inc overhauled its mobile operating system and introduced a new touch-screen phone, sending its shares soaring 35 percent as investors hoped the moves can help win back customers from rivals such as Apple Inc .

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Monday, January 5, 2009

Day Trading - Good Or Bad?

Day Trading is seen by many people as a way to get out of the daily grind of having to get out of bed to go to a job and to make good money at the same time, which is most people's goal. But while there are a lot of advantages to day trading, there can also be pitfalls that you need to avoid.

The good stuff : You can work when you want, you have no boss on your case, you can dress how you like, take breaks when you like, take time off when you like, spend more time with your family and friends, you don't need to get yourself to work, you just fall out of bed and you're there. You have time to do what you want when YOU want to do it and, if you get it right, you can make a stack of money!

The bad stuff : You have to discipline yourself to do the job properly and not take silly risks, you have to learn when to get out of a trade (not necessarily right at the top), and if you're losing you need to know when to cut, because if you get this wrong, you could lose everything.

You must only use money that you can afford to lose. Day trading is just another form of gambling, but if you work at getting it right, the rewards can be fantastic. You can find a lot of help and information on the Internet, and while some isn't very good, a lot is excellent. There is also software available to help you to trade more safely and even free software that allows you to simulate trading. You would be wise to try this first before you invest your hard earned cash.

For more details of available day trading software, take a look at my Day Trading Blog

Practice before you take the plunge with free trading simulation software at my Day Trading Blog

U.S. President-elect Barack Obama speaks at a news conference in Chicago, where he introduced his economic team, in this December 18, 2008 file photo. (Jeff Haynes/Files/Reuters)Reuters - Cautious New Year optimism rippled through Asian and European stock markets on Monday as investors waited for news of tax cutting plans in Germany and the United States.

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