Posts Tagged ‘Day Trading’

How Can I Make Money Day Trading? Here Are Tips Straight From the Pros!

March 30th, 2010



One of the most popular and electric means to make extra cash today is day trading.

How to Start Forex Position Trading

March 22nd, 2010



Forex position trading strategy is a simple technique to increase your position size without increasing your risk. This trading strategy is particularly effective with mini lots and with averaging into a position also it works equally efficiently for standard lots.

For example you may buy one mini-lot of EUR/USD at 1.3100 and set the stop loss at 1.2980. It pose a risk of $20. When the price rises, you may buy a second mini-lot at say, 1.3120 and set the stop at 1.3100 with raising the stop of the first lot to 1.3100. Now you have two lots with overall risk still at $20.

If you find the price to be still rising, you buy a third lot at 1.3140 and set the stop at 1.3120 along with rising the stop of the first two lots also to 1.3120. This would ensure that even in the worst case the whole trade is at break even. Now, with further price rise, you buy a fourth lot at say 1.3160 setting the stop at 1.3140.

Accordingly, you raise the stop on the first three lots at 1.3140, which will protect your profit. Finally, you buy the fifth lot, set the stops as before and ensure a profit of $100. Throughout the process your risks remain at a constant of $20. So in this forex position trading strategy, you limit your risk exposure and at the same time gain handsome profits.

You can use a similar forex position trading method to average your trades. Weekly 3-bar pattern is a strategy which is ideal for forex position trading and which is very effective on longer time frames like the daily or the weekly chart. This forex position trading strategy lets you stay with the trend for a longer period of time.

Ideally, any day trading should be done with minimum lot size position. With forex position trading strategy, the initial profit is less but with trailing stop it can maximize the profit. A good position of day trading can be changed with forex position trading into a long-term profit option.

With forex position trading your exposure to the market is less and therefore no need to monitor the market continuously. The hedging order protects the position and limits your risk in the trading. With forex position trading, you can earn profit with minimal loss that boosts your trading confidence.

You can find many trusted money management software to calculate tradable profit/loss patterns along with optimizing trade sizes for supporting your forex position trading strategy. These software are designed to calculate trade position sizes according to various money management models with several successful positions sizing formula.

The forex position trading strategy may use formulas based on fixed percent risk, float percent units, fixed units, etc. The software are easy to use and help in calculating the most optimal position size for forex position trading strategy. You may also have many online position sizing techniques and position size calculators, which can supplement your forex trading strategy.

By: Paul Bryan

The Best Stock Picker Review For Day Trading

March 20th, 2010



The reason I’ve put together this stock picker review is because there are so many options on the market today and I’ve had a number of friends ask my opinion on this technology and whether or not it works and who it works for, so I decided to put together this stock picker review based on my current favorite system. If you’re new to the stock market, have been day trading for some time but aren’t seeing the profits you’d like, or simply don’t have the time to devote to day trading, you’ll likely gain something very important in this stock picker review.

Day Trading Robot is a picker which analyzes market data and puts together a remarkably precise depiction of where the market will go next. It does this by exploiting the market’s habit of evolving in patterns which repeat themselves every several years. It keeps massive past trend databases which it constantly appends and references to look for overlaps in contemporary market graphs.

By taking the past scope of the market into account every time it analyzes real time market data it can accurately predict how the market will behave as well as certain stocks in the immediate future. Once Day Trading Robot has made it’s picks it notifies you so that you can trade accordingly with all that is left to do being enacting the trades.

Something I’d like to point out in this stock picker review of Day Trading Robot is particularly what separates it from the rest and makes it the best as far as my money goes. This picker focuses on penny stocks when generating picks, penny stocks which have a penchant of going on profitable jumps. Penny stocks are ideal stocks to target with a picker because of the simple fact that they are cheaper, more potentially influenced trades to make.

Because of their cheaper prices, it takes a great deal of less market activity to affect one of these stocks, making it possible for these profitable massive fluctuations. This is why you’ll commonly see these cheaper stocks double or triple sometimes over the course of a few hours or a day. The trick is identifying those which are due to perform well and those which will remain static or devalue, hence using a capable stock picker like Day Trading Robot which is solely designed to target penny stocks.

For example, the first pick which I received from Day Trading Robot months ago was for a penny stock valued at 15 cents. I invested in that stock, not much, maybe around 1000 shares, and logged out of my account. I checked back in on it at the end of the day to find that that stock had jumped to 31 cents a share. I had just doubled my investment over the course of a day.

I wasn’t used to this kind of activity, so I had to log out and back in to be sure I was reading it correctly. At this point I began checking in and out on that stock compulsively on the hour and watched as it continued to climb – there is no better feeling than that. Eventually it settled at 48 cents a share, hovered for a bit, then began to come back down. By the time I got out I had tripled my investment in a day and a half.

By: Jonathan Langley