• Maintain Records : Keep track of all the trades you made, the strategy used in the trade, the market conditions, profit or loss made on the trade etc. Such records themselves form a very useful guide for your portfolio in the long run enabling you to plan well.Benefits of Commodity Trading Plan By: kelly price About the Author Plan your commodity trading well in advance to quickly act in line to the market conditions....more
Craziness has no limit and so doesn't a hobby! One could have a stamp collection hobby and other, perhaps coin collection! But one such hobby that is a craze not only amongst kids but also amongst the adults is the Disney pin collection. With the undying affection for Disney characters going constant and unwithered, buying and selling of Disney pins is the obsession of the generation. With the much hype in this fascination, the new introduction...more
As you are currently bombarded with invitations for free seminars and workshops, you may simply ignore unconsciously, without even reading or taking a look at whats being offered. What you may not realize that attending these seminars could have a great impact on your life; you just have to be selective. You must define your interests and start attending seminars related to them. This could give you the chance to have the life you really wanted.Trading seminars are generally hosted by different organizations, usually investing institutions or teaching institutions hired by them. They are held at 4 star hotels in many big cities every month, with a goal to attract people interested in business/ investing ideas. They may raise your interest by presenting you with attractive income figures, hoping to lure you into 3-5 day workshops.This being said, attending free seminars is not a waste of time. You may not learn everything you want to know but you will surely pick some new ideas you can use on your future endeavors. Although reading books or surfing the internet may be helpful to you, we find that interacting with a group of people is a much more enjoyable way of learning. It will...more
A day trader is a trader who buys and sells financial instruments within the same trading day such that all positions will usually be closed before the market close of the trading day with the objective to quickly get in and out of any particular trade for a profit anywhere from one to few cents.Beginning traders should read books and watch video...more
If you are interested in trading because of the possibility of earning lots of money, you better be prepared to work for it. Learning the basic principles in trading is just the starting point. Research plays a very important role in learning the ins and outs of this profession. Once you have fully understand the basic rules in trading, you must...more
Paper trading (sometimes also called virtual stock trading) is a simulated trading process, that new traders can practice investing without committing real money. There are a lot of reasons why paper trading is considered as one of the most important part of stock market trading. A few reasons to practice with paper trading: Paper trading allows you to develop your our own system and will help you test your strategies without risking your own money. You would want your own system to work but this is not always the case thus paper trading gives you the chance to commit mistakes and learn from it. New day traders or swing traders have the tendency to lose money while learning how the market works. With paper trading, you will have access how the market works and gain experience to become a successful trader. It allows you to practice trading but since no real money is involved, your capital will be preserved and will only be used once you have already discovered a system that will work you in the trading business. After a few loosing day, getting back into stock market is scary, so it is better that you go back to paper trading for several days and after several days practice...more
Trading through round and whole numbers like .25 .50 .75 and .00 are of psychological importance to many traders. Big money managers and old time professional traders dont care about the pennies that scalpers and algorithms try to capture. These...more
If youve been trading for some time now, youve either noticed it for yourself, or youve heard a seasoned trader say it. The reality of it is this. In the morning, the markets are not yet established with sizable bids and offers. So what ends up...more
Have a game plan. Without a plan or strategy you are ultimately ensuring your trading failure. Losing is a normal part of trading. Accept that you will have losing trades. Focus on how to control your losing trades, rather than...more
Once you initiate the Calendar spread, establish the breakeven (BE) points for your position (the upper and lower BE). If the stock moves to the BE point, make an adjustment by selling half of your original calendar spread and buying the same # of...more
The term day trading has been considered as the regular trading like Investing, selling and buying of stocks in the regular stock market, options, currencies and profitable market with the mere aim of earning profit by the difference of buying and...more
There are basically three different types of stocks. These are large cap, small cap and mid-cap stocks. Within these stocks there are also value and growth stocks. Choosing to invest in large or small cap stocks is the decision you will need to...more