The Rookie DayTrader
Visit our Home Site at The Rookie DayTrader for more tips and training. Learn to trade in the stock market. We provide a step by step learning process for the beginning investor.
We are now Mobile enabled
The Rookie DayTrader Blog is now Mobile enabled for the fillowing types:

iphone, ipod, aspen, incognito, webmate

android, cupcake, dream, froyo

Blackberry Storm/Torch blackberry9500, blackberry9520, blackberry9530, blackberry9550, blackberry9800

Palm webos

Samsung s8000, bada

Just use the address: http://www.rookiedaytrader.net

Your device type will automatically be selected.
World Market Watch
US Stock Market Indexes
Energies Monitor

Posts Tagged ‘Profits’

Private Money – 2 Basic Rules!

Believe it or not but there many people with piles of cash in their bank account (even during the current economic crunch) and they want to help you with that money if you are in the right situation.  With that, you can leverage their money to make big profits for them and for yourself.  This is the core of the American Dream.  If you want to know more, just keep reading this post to learn some important tips…

How does private money exist in the first place?

Basically, there are various ways through which you can get the private money. The most obvious one is via well-off people in your social circle, such as doctors, lawyers, businessmen etc as they usually have a lot of savings in their bank account and they can lend that to you if you are within their social circle. But this is one of the most difficult way f getting money as well because a lot of people do not feel comfortable while asking to borrow money.

The next alternative is quite fascinating and I’m pretty certain that you haven’t heard of this before.  I am sure you all must be familiar with IRA i.e. individual retirement accounts.  May be you’ll one too.  But I am sure you don’t know that there is NO need for you to put any money in your IRA into mutual funds or market.  Another interesting aspect about this is that you don’t need a financial advisor to control the money investment in your IRA.

]]>

You can actually have what is called a “Self Directed IRA” and it gives you a chance to have a full control over how you are investing your money.  Many well-off people will use their self directed IRA to fund you private money loans.  This can be done in two different ways, either by doing it on their own or through a group or an association. 

These groups can take different forms.  Sometimes, they work by joining a hedge fund.  But most of the times, the people with self directed IRA join hands with hard money lenders.  These lenders pave the path between the investors who are in search of a private money loan and those who will actually provide funding.  The lender handles all the paperwork and charges a minimal fee for their services.

Why use private money loans? Is there any advantage?

There are many reasons behind getting a private money loan but I would like to discuss only real estate investments as that’s my forte and real estate is also an integral part of our economy. People with self directed IRA’s knows that there is a hard asset attached to real estate, which is the best part.

But on the other side, many real estate investment deals are not able to qualify for a “conventional” loan because the property is unable to meet the requirements set up by FHA.  Most of the times, an investor doesn’t have the essential credentials to be qualified for a traditional loan.  Ultimately, private money loans are the ONLY way, which can help these investors to get financing.

Tips for obtaining a private money loan.

Tip #1 – It is imperative that you work with a hard money lender because it’s the safest, fastest and easiest way for you to get private hard money loans. Either you could waste your time and energy while talking to different people about borrowing money, which is useless or you can go straight to the private lender.

Tip #2 – Comprehending the terms and conditions of the private hard money loan game is necessary because there are numerous complicated things you need to account for before you jump into getting a loan. But you need to realize that this is entirely different from getting a mortgage for a house.

 

Private money is the best option to fund a real estate investment deal within a short period of time. Article Source

What is Forex Signal Safe? Is It Legit or Another Forex Scam?

Forex Signal Safe is a completely unique Forex monthly subscription service. With Forex Signal Safe you will have the convenience of automation coupled with real human intelligence. This is not another Forex training course, signal service or automated robot. It is something much better.

Forex Signal Safe is controlled by Jeff Alan, a professional Forex trader that has over 5 years of Forex trading experience.

Here are the basics of how Forex Signal Safe works.

You will attach the Forex Signal Safe software to your Meta Trader Forex account. This software is connected to Jeff’s account and and will automatically make the exact same trades he makes. You do not have to watch any charts or stress out over trades or stop loss orders.

Here’s an inside scoop on why Jeff Alan has been so successful in the Forex market. He rarely leaves trades open overnight or over the weekend and he keeps very tight stop losses.

One reason why you should be careful leaving trades open overnight is because large banks and financial institutions generally make their moves at night. They shift around billions of dollars which can have a huge impact on the fluctuation of the currency pairs. These massive fluctuations can wipe out your Forex trading account completely which is one reason why Jeff does not take that risk.

At this time, Forex Signal Safe only handles the EUR/USD pair; however, you will always maintain complete control over your account and can make trades and changes whenever you wish.

Forex Signal Safe is revolutionary with its automation and human intelligence combination. It is highly recommend that you check out what Forex Signal Safe has to offer.

- About the Author: Learn more about how Forex Signal Safe can help you increase your Forex profits. Article Source

Learning to Make Adjustments and Your Intraday Day Trading

It would be very convenient to have a day trading system that worked under all conceivable conditions without fail. Whether the market was consolidating, trending upward, or trending downward the ideal system would churn out profits regardless of prevailing market conditions. Unfortunately, no system adequately deals with varying market conditions that can arise throughout the course of their daily trading session. Obviously, this causes problems for novice and experienced traders alike.

One of the very real problems that day traders experience is adjusting their trading style to the changing personality of the futures market. The very best metaphor that I can conjure is one of fishing. To say the least, fishing is a fickle pastime to engage in. There are days that fish attack a certain type of lure, yet the very next day the exact lure will prove to be of little value. On some days, you’re choice of lures may change throughout the course of the day. The point is a simple one, what works at one point of the day may not work later in the day, or even the next day. In fishing, you have to be flexible and adjust your fishing style and bait to meet the ever changing water and weather conditions.

It’s really not so different when trading. On certain days one set up will consistently result  in profits. On the other hand, the very next day the same set up will produce nothing but losses. I don’t have a rational explanation for this phenomenon other than explaining the market is constantly changing and evolving. Your ability to determine which trades will be a profitable on a certain day is a core skill.

For example, on most days the market tends to honor support and resistance levels. Time and time again the price action will advance and decline to previous support and resistance levels and change direction. Of course, this makes for some very accurate trading for those who are familiar with trading support and resistance. On the very next day however, the market may pay no attention to support and resistance and blast through your support and resistance level as though they did not exist.

What does this mean for you as a trader?

It is essential that you have a number of trades in your trading arsenal and approach the next trading opportunity with a different set up. In my experience, after a few test trades I can usually find the trading setup that is effective for that day. On the other hand, many traders labor away with their preset trading style and endure substantial losses. It is imperative that you ascertain the mood and tenor of the market so that you’re able to match appropriate trades to that day’s particular trading session.

This takes some experience and experimentation to perfect. However it is imperative to adjust your trading style within the overall framework of your trading methodology to meet with changing market conditions. Staying with a trade that worke yesterday but is not working today will results in certain losses. In my own trading, I use a number of setups based upon price action, indicators, and oscillators. I have yet to find a day that one of these indicators would not set up a profitable trade. The secret is to find which setups and/or configurations of setups that will be most effective.

I do say this was one caveat; it is very difficult to trade consolidating markets and I have yet to find a truly effective methodology to profit in markets that are trading in a very narrow range. It is my recommendation that you avoid trading markets that are range bound as they are generally difficult and unprofitable to trade.

- About the Author: Learn to trade from a full time trader. All active members may attend FREE daily trading room and receive nightly market recap video (a $495 value). Click here and get your free videos and FREE live trading room. Article Source

Why You Should make Use of the Best Day Trading Tools

Countless numbers of day traders spend their time and money searching for that magic indicator that will unlock the secret of trading profits. To be sure, I have seen aspiring traders purchase trading program after trading program in search of the new indicator that will send their trading profits soaring. Unfortunately, no such indicator exist and it is unlikely that a magical indicator will be developed that can revolutionize profits for the e-mini day trader.

On the other hand, thousands of e-mini day traders successfully trade every day without any wondrous and magical indicator. Of course, it would be much more convenient to have an indicator that unlocks the secrets of e-mini trading. To date though, we are far from developing any such trading tool. So that leaves us with the trading tools we have at hand, and there certainly is no shortage of indicators for the e-mini trader to utilize. The question remains, though, which indicators are the best ones to utilize?

While some indicators claim to be leading indicators, that is to say that they have a predictive quality in their results, the evidence suggests that this predictive quality is sketchy, at best. Most indicators are lagging indicators and indicate the status of current trends based upon recent history. As any good trader knows, recent history can be helpful, but the market contains a random element that can easily deviate from past history. We are left with indicators that give us, at best, an educated guess as to the path the market price action will take in the near term future. In short, short-term trading can be a rather inexact science, at best.

One important aspect of trading is often overlooked by traders who depend solely upon indicators and oscillators to time their trades. In my world, price action is the driving force in my trade selection. While I do employ oscillators and indicators, their purpose is primarily to confirm potential trades I spot by observing price action. I pay careful attention to support and resistance, volume, and price movement in choosing my trades. Obviously taking trades into known resistance or support it is risky business, at best. Unfortunately, strict oscillator and indicator traders do not have a handle on where or support and resistance may lie and often blindly take indicator or oscillator indicated trades into these danger zones.

Further, price movement and price analysis can give a trader a unique view in which the market functions. Specifically, I analyze each bar and note whether the bars make higher highs and higher lows. Conversely, I am also interested in the opposite price action, and that is whether the bars are making lower highs and lower lows. Each of these price formations can be indicative of potential market moves in their respective directions. From there, I can have a good look at my oscillators and indicators to determine the strength and velocity of these potential moves and decide whether or not the trade is a high probability or low probability trade.

Price action, along with support and resistance and volume, are often overlooked in trade selection. But learning to actually read price action will give any trader a much better understanding of what is actually happening in the market and provide the trader with insight into high probability trades and conversely, help him or her avoid low probability trades. Very few traders are excited about entering low probability trades and seek to avoid them at all costs. It is my contention that ignoring price action and relying strictly upon oscillators and indicators will often lead traders into low probability trades.

A second common mistake made by oscillator traders is the failure to recognize the trend in the market. Regardless of whether the oscillator or indicator being used indicates a nice trade, if it is against the trend you will often find yourself on the losing side of the trade. From a statistical standpoint, a trend is likely to resume (after a short retracement) 80% of the time. Obviously, trading with the trend is a habit all traders should cultivate. The only way to truly ascertain whether or not the market is trending is by observing the price action and subsequent retracements.

In summary, we have stressed the importance of observing price action and the benefits price action has to offer traders. Trends, retracements, and then market noise can all be identified very easily by observing price action. We have also noted that strict oscillator trading can often lead a trader into low probability trades, which should be avoided. Watch the price action and you’re trading will improve immeasurably.

- About the Author: Learn to trade from a full time trader. All active members may attend FREE daily trading room and receive nightly market recap video (a $495 value). Click here and get your free videos and FREE live trading room. Article Source

Forex For Dummies Is Such An Effortless Way Of Money Making That Anybody Can Achieve

The best set up a newbie can use to be able to acquire basic forex trading knowledge is a robot trading forex for dummies. Through this you can learn helpful information on how you can start making money at a fast rate.  In fact this is so easy to understand and can be implemented without any fuss.   So, for those people who want to engage in forex trading and would like to gain profits but doesn’t have the luxury of time to learn, forex for dummies is the perfect trading set up for you.

Essentially, forex for dummies is a great first step in penetrating the forex market.  Most software requires only fifteen minutes to half an hour to install and learn and in no time you will be running positively. Although the initial profits is not that much, the money flow is consistent and when you tally it up at the end of the month you will see that it is indeed a very good jumpstart.

Forex for dummies does not require you to be a part of the trading process since it offers consistency in the techniques and reliable trading plans.  Even if you know little about forex trading, you can still get away with your cold cash. If you are really serious about trading you can simply start now and acquire basic knowledge later, as you earn more profits.  Since, you won’t do any monitoring of graphs, charts and indicators (unless you really want to) to can sit around and do something else as your forex investment grow by the hour.

If you want to know more about forex trading and market you can enroll or register into different forex courses online. You can study and equipped yourself with useful tips and techniques from well experience traders and brokers. You can do all of these and more as you run and grow your forex trading business; which is indeed a very great thing.

Most forex trading robots that are proven profitable and reliablehave a plug and play set up which makes it best even for dummies. It offers a set up that anybody can easily understand and use. So if you are still searching for a forex trading tool that will help you gain more knowledge on forex trading and make money at the same time, forex for dummies is the one you are looking for and everything you spend is worthy.   Maybe one of these days you would become money making machine as well.

Mostly are equipped with friendly and helpful customer representative that are willing to help you with all your inquiries and questions. You can search online on the reviews they have on hand so that you can prove that this is the right thing and the right choice you will make.

Nearly all comes with forex trading courses that would help you learn more on forex trading process and strategies that you can apply in the new venture you want and in this you can say that you belong to the higher level of forex traders.

 

- About the Author: For more information about forex for dummies please visit http://autoforextradingreview.com Article Source

MybestPicksEver – Penny Stocks vs Big Board Stocks

 

 Big boards, your typical holding period is more than a few weeks. A typical person will buy the stock as an investment for the future (with such hopes of making it big for them, or giving them a nice cushion to retire with).

With the big boards, you can just “set it and forget it”. By this, I mean that you can just buy the stock and watch it grow. A great example of this is the story of Grace Groner. In 1935 she bought 3 shares (yes, THREE shares) of Abbott and never sold them. When she passed away this past January (2010), her estate was worth approximately $7M (yes, 7 MILLION DOLLARS). Groner worked as a secretary in 1931 at Abbott Laboratories and over the years, the shares split many times over causing the dividends to be reinvested. 7 decades later, the shares were worth over Seven Million Dollars.

Over the years prior to her death, she did sell the shares and took the money and donated it to various shelters and homes around her area, with the final monies going to a college near her home. But, the moral of this story is that you can buy some little stocks and let it fly for you (imagine what could have happened if you bought GOOG, AAPL, etc.)

With the big boards, typically, one will not be deemed a daytrader, unless you have a lot of money. Someone would need a good ‘chunk of change’ in order to play regularly in the big board arena as most stocks are typically over $1.00

Within the Penny Stock Arena everything is completely different. Your holdings are typically hourly, and rarely overnight or weekly. A person who plays the penny stocks will typically hold for a short period of time to maximize on their profits or limit their losses.

Hould one follow the ‘set it and forget it’ theory, then the company you are playing may not be there in a year. Typical penny stocks are shell companies and do not last long. There are the rare cases where the company is real and just had some bad luck (XM, GNVC, CBAI, etc.) but typical companies are shell companies.

When  playing the pennies think and follow certain rules. Here are some typically to follow:

 

1) Which broker / trading company should I use? (we will go into some later)

2) How much will the broker / trading company cost me?

3) How fast is the broker / trading company in terms in of execution time?

4) How is the customer service?

5) Do they offer call in support?

6) Do they have a large restricted list?

7) What companies are promoting the stock now? (could be a P&D)

 

Remember:

 

· Never fall in love with a stock when trading pennies, as they will not love you back.

· A profit is a profit (whether it is 10% or 50%, money is money)

· Always set a stop limit / stop loss (protect your assets). You earned your money, mind as well protect it as well!

· Buy on rumor, sell on news. Typically a stock will do very well as the rumors fly, but once the news comes out, it is just ‘old’ and is typically played out. So that is the time to sell to maximize on your profits

The Trend is your friend. This is a saying used by just about every promoter out there and trader. Follow the trend as the upward momentum will allow you to make more profits.

 

Happy Trading,

Chris

 

MyBestPicksEver offers stock newsletters on various stock plays of the day. MBPE offers news on top stocks, small cap penny stocks and other market movers alike. MBPE help investors in making the wise stock market investments. thus far thousands of our subscribers made huge gains using our daily penny stock alerts. join our FREE news letter Now Or Become a VIP MEMBER.. at http://www.mybestpicksever.com

?

 

 http://mybestpicksever.com/disclaimer/

- About the Author:   A new revolutionary form of Penny Stock trading is here. Its called honest, up front information provided to you by MyBestPicksEver.Com. MyBestPicksEver.Com is a company brought up on integrity, honesty, and pure communication. We are here to provide the very Best picks ever , giving you information that you can only find here Article Source

How to Earn Money With Forex Trading

Foreign Exchange (or FOREX) forms the major platform, where the currencies of different nations are exchanged for one another. Forex forms one of the world’s largest markets. The currencies are exchanged to encash the profits from the increase in the prices of one currency over another. Generally there is no fixed rate for the exchange for the world currencies, as they keep on fluctuating as the trading is done in the currency pairs such as Dollar/Yen, Euro/Dollar, and others.  

Currency trading or the forex trading is always carried on in currency pairs. The rate of the currency is also often referred to as the “Forex rate” or even “rate”.  But, in order to evaluate that if any investor makes some profitable investment, his investment option needs to be evaluated and compared against the alternative investments. Also, it is a common practice to compare the return on investment (ROI) is compared with the return on a “risk-free” investment. One example of a risk-free investment is long-term U.S. government bonds since there is practically no chance for a default, i.e. the U.S. government going bankrupt or being unable or unwilling to pay its debt obligation.

When you opt for the forex trading, you must trade for the currencies only when you expect the currency that you plan to buy will increase in value, as compared to the currency you are swelling. If the situation is that the currency you are buying does increase in value, you must sell back the other currency in order to lock in a profit. There can be an open trade position or situation too, when a trader has bought and sold some particular currency pair and has not sold that pair, to earn the amount that I equivalent or near to the amount spent.

The trading of the major currencies takes 85% of the daily trades.  Many of the traders, who carry on with the forex trading just look forward to simply exchange some foreign currency for their own. But, a major part of the forex comprises of the people who simply speculate the movements of the exchange rates. The currency or the forex traders try to encash even the small benefits from the exchange rate fluctuations. The monetary flows along with the forecast about the macroeconomic conditions of the world result in the actual flow of money.

The forex trading works in three shifts; hence it is a 24 hours activity in the forex market.  Two sources are primarily responsible for the daily turnover in the forex trading.  The foreign trade is one of them and is accountable for 5% transaction. This forex trading is due to the fact that the foreign companies buy and sell the products in the foreign markets and the currency conversion helps them to earn profits. The second and the major source of turnover in the forex trading is the speculation part.

Usually, in forex trading, the traders are more focused on those currency pairs that are most liquid, such as Japanese Yen, Euro, British Pound, US Dollar, Canadian Dollar, Swiss Franc, and Australian Dollar. The fact is that approximately 85% of the daily forex trading is in these major pairs of currency.

The major attraction of this forex trading, for the private investors, is that the volatility of the forex markets helps them earn significant profits. They utilize various standard equipments for regulating the exposure to risk. They can also easily book profits based on the rising and the falling markets. The forex trading offers them with various significant options for zero commission trading.

Forex trading can seem to be easy, but there are chances that your increased earnings in one day are converted to high losses the second day. It is much likely that the novice traders make the same mistakes time and again. But, they can make use of a various strategies to turn their losses into profits in forex trading.

Forex trading is increasingly becoming popular, with a daily average turnover of nearly US$3.2 trillion. Forex brokerage companies carry on the major forex transactions. The major aim of the investor in Forex trading is to ensure earning profits from the fluctuations in the foreign currency.

- About the Author: Continue Reading here About :- Forex Trading Alert and Forex Market Article Source

Recommended Online Trading Strategy

When trading in Forex market it is better if you chose a certain time frame of a Forex graph and trade according to it only. Professional traders use the time frames of 4 hours, 24 hours or 1 week. There are certain benefits and disadvantages of the high time frames. The bigger is your time frame, the more funds you have to deposit to your trading account because each trading position needs higher margin. But at the same time you have a chance to make higher profits due to the higher trading volume. The market‘s behavior is more stable for higher time frames and less spontaneous but it may take you few days to find a good opportunity to enter the market. In this article we would like to reveal a strategy of trading in 4 hours time frame using the candle stick graphs that can be found at any broker.

Be prepared that trading with 4 hours candle stick charts requires much patience and time. It may take you much time to find a good chance to enter the market and also from 12 hours to 5 days to stay in the market. This technique is based on the trends that sometimes appear in the Forex market. Trend provides traders with a great opportunity to make a lot of pips as a trend may last as long as up to 300-500 pips depending on what time frame you a trading. The goal is to enter the market in the beginning of the trend and leave it in the end of the trend. Following this strategy a trader must check the market and his open trades every 4 hours after the last candle in the 4 hours chart is completed. As we have 24 hours a day, so during a day you have to visit your trades or check the market for a specific signal 6 times disregarding on the day or night.

Upon analyzing the market it is recommended to check the prices for the certain currency pairs for 4-5 days back on a 4 hours candle stick chart in order to see if there were some trends before or there is a chance for a potentially good downward or upward trend coming. The choice of opening or closing a trading order may be done only every four hours when the last candle is finished and a new one has begun.

If you notice that the last three candles show that the market is going up, this is a good signal to open a buy position. If at least 2 last candles go down, this is a signal for a potential downward trend and you can place a sell position. In order to minimize possible losses you can use such orders as take profit and stop loss. You can place a take profit order after 120 points in case if the prices between the opening and closing of the market did not surpass 80 pips for the last 5 trading days. If the rates surpassed 80 pips for the last 5 days, you can set up the take profit order on 240 points.

- About the Author: Daniel Shaw has many years of experience in online Forex trading. Visit his site Trading in Singapore to learn more about Singapore Trading.   Article Source

Finding Your Trading Edge

The winning traders are not ones who have never lost. To be a winner in trading game, you have to think in terms of long run. Hence, if you want to be one of winners, you have to find trading methods that work over the long run what is known in gambling as an edge.

By thinking in terms of long run, one question that you ask yourself is “What happens if I keep doing this?” If there is more chance to win the game, it is a positive expectation game while the negative expectation is vice versa. The negative expectation game is the one that you have more chance to lose.An edge refers to one’s systematic advantage over an opponent. Without an edge in games of chance, you will lose money in long run.

So, what about your trading? Consider your trading method, what happens if you keep using it? If it will give you profits over long run. That means you are trading with an edge.

To find your trading edge, you need to locate entry points where give you greater than normal probability that market will move in the same direction with your trades and within your desired time frame. Besides entry strategy, as I have always mentioned that good trades also comprise of exit strategy. Therefore you have to pair the designed entry with an exit strategy in order to maximize your edge.

Entry strategy must be paired with appropriated exit strategy. Thus, trend-following entry strategies can be paired with many different types of trend-following exit strategies. Also, swing trading entries can be paired with many different types of swing exit strategies and so on.

Elements of an Edge

To get more understanding of an edge, let’s dig further into the components that make up the edge for a trading system. The following are the elements of an edge described by Curtis M. Faith in his book “Way of the Turtle“.

Portfolio selection: The algorithms that select which markets are valid for trading on any specific day

Entry signals: The algorithms that determine when to buy or sell to enter a trade

Exit signals: The algorithms that determine when to buy or sell to exit a trade

It is possible for an entry signal to have an edge that is significant for the short term but not for the medium term or long term. So, find the signals that give you an edge to your trading styles, personality and money management.

- About the Author: Taro is an experience trader who trades in stocks, futures, forex. He strongly focuses on technical analysis, trading systems and money management. If you would like to find more articles on MetaStock Tutorials, MetaStock Formulas, Trading Systems and Money Management. Please go to MetaStock Trading System. You would also find the recommended trading books, DVDs, software and tools at MetaStock Trading Store. Article Source

Forex survival kit

Where do you start? Charts or methods or do you buy a DIY package or attend seminars? All this was enough to put me off before I even started! So if you are in the same boat as I was then don’t panic! There are experts telling you what do to do and how to do it, theres loads of free info to read so lets start with the first do’s and donts of forex trading..

1)      Get some help! Learning from a successful trader can only help make you a better trader. Books and programs are good if you have the basics under your belt.

2)      Never start trading with your money use demo accounts, for example Forex Automoney is a trading platform that provides training and a demo account for you to practise on BEFORE you actually put any money on the markets. An estimated 90% of new starters fail to make a success of trading as they do not practise and learn the basics.

3)      Learn to manage risk. Do not use more than 1-2% of the capital in your trading account, big trades can mean big profits but also can mean big losses. Money management is the key to long term success in forex trading.

4)      Learn your methods well. New traders often are quick at placing trades but when they start making a loss do not get out! Apply methods strictly.

5)      Trading can be very exciting however it is necessary to keep calm and have a disciplined approach rather than get carried away with emotion.

Although the starting period for new traders may not yield life changing profits instantly, many traders have built a steady and successful income.

To take a step towards becoming a successful trader try http://forexprofitcodes.com to learn more about forex trading software and training programs built by professionals designed to help new starters and professional traders alike. Find more info at http://forexprofitcodes.com.

- About the Author:

Article Source