Global Digital Store – Ebooks and Softwares

Tag: trading

The Best FOREX Price Action Trading Indicator – Shift Theory Ratio Price Action Analysis
[ad_1]

There is a new category of technical analysis available for trading the FOREX markets. It is called Shift Theory and this new technique is based on Shift Ratios that break down the three main types of chart conditions:
- Choppy Markets
- Up Trending Markets
- Down Trending Markets
What Shift Theory Ratios do is focus on the important data and ignores the data that is responsible for false signals and noise. The Shift Theory trading approach works better than any other form of technical analysis because it focuses on the science of price analysis. Most technical analysis today focuses on the closing price as the main piece of data that is analyzed. The main issue with that is the closing price is a moving target. A lot traders don’t realize that indicators are nothing more than measuring tools and they need to be treated that way. When it comes to measuring price you need stable data to get an accurate reading. I like to use an example of trying the weigh yourself on a scale. If you keep jumping around while you try to weigh yourself then it is almost imposable to get an accurate reading. That is exactly what the closing price does. It changes every time there is an uptick or down tick and that changes the reading of most indicators and that results in a lot of noise and false trading signals.

The Shift Trading Ratios rely on the undeniable facts of market trends. Some examples are:
- Prices on a chart can only go higher if they make a new high.
- Prices on a chart can only go lower if they make a new low.
- Choppy markets have bars that have a high percentage of overlap.
As a trader the Shift Theory Ratios are excellent tool to keep traders disciplined and sticking to sound trading principles. As a example we will cover the reading and indications Shift Ratios give in 3 types of market conditions:
- Choppy
- Up Trending
- Down trending
When market conditions are choppy the Inside Shift Ratio is the plot that measures that type of market condition. What the Inside Shift Ratio does is measure the current bar percentage that is overlapping the previous bar. All choppy markets have a high percentage of bars that overlap each other. It is easy to see on a chart but most indicators simply cannot measure these types of condition because they are based on the closing price.

If the market is up trending then the Upper Shift Ratio is the indicator that measures that type of price change. In up trending markets the bars on a chart should be making higher highs and that is a undeniable fact about upward moving markets.

During down markets the Lower Shift Ratio is the indicator that measures the strength of the down trend. This again is based on the undeniable fact that downward markets must make lower lows in order to go lower.

In the end these techniques work and the proof is in the back testing. A dirty secret many indicators have is they really don’t work and that is why nobody is willing to show any back testing results. So if you want to find the best FOREX trading indicator then you need to take a look at the Shift Theory Ratios. If you want consistent and proven results then as a traders you must focus on the important data and ignore the data that is responsible for signal noise and lag.

[ad_2]

Source by David Zielinski

Views: 0
January 11, 2020
Book Summary: The Millionaire Messenger: Make a Difference and a Fortune Sharing by Brendon Burchard

[ad_1]

I read this book sitting in a Thai food restaurant on the Oregon coast. The food was outstanding and what was very interesting was the fact that at the cash register there was a book and DVD set talking about going to college for free. The author was a young guy who graduated from Harvard. The whole book series was designed to show college students and parents how to find money to pay for college. Come to find out the author was the restaurant owner’s son. This is a classic example of the Millionaire Messenger in action.

Why is this important to me?

I am not doing this summary to waste your time. It is my vision to provide concise action steps that you can adopt right now to enhance your life. The best way to financial freedom is through a business. Now most people cannot simply quit their jobs and to start a new business. Typically you need to work your job and your new business until you have enough sustainable revenue to take your business full time. The Expert Industry is a caring community of people who share their advice and knowledge with the world and get paid for it.

You may be thinking I am not an expert in anything. This mindset has everything to do with Self-Esteem & Self-Confidence. Brendon addresses these concerns in the book. Think about this – every person has a unique finger print and unique life experiences. Those experiences with additional research can yield you an expert.

I want to start with a potential example of being an expert in something. I have a good friend of mine that has been doing cement work for over 20 years. He does this with his four brothers. He does not think of himself as an expert. Have you ever considered how successful Home Depot is as business? They cater to the do it yourself community. My friend could simply film different cement jobs and sell them as a do it yourself venture. It would look like this:

1. Create simple how to videos on the basics and give them away for free.

2. Create a deeper video series on how to do a full patio, sidewalk or stairs and sell it with a checklist manual.

3. Offer paid for consulting for job layouts with customers.

4. Take high priced large concrete jobs that are above the do it yourself community and name your price.

This is a simple example of releasing 100 years of combined cement expertise that could easily be parlayed into a seven figure business model.

The Millionaire Messenger is packed with great how to advice. For the sake of time, I am going to chat about the 9 reasons you should consider unlocking your knowledge and passion in the expert business.

1. Your work is based entirely on your passion and knowledge. This is really important because it no longer seems like work when you wake up each morning doing what you love.

2. Relating and Creating – Your work activities center around gaining trust and relating to your audience as well as creating useful content that add real value to their lives.

3. Anytime / Anywhere – Creating information how to products allows you the comfort of working on your schedule from anywhere. I can tell you from personal experience that setting up your business to do this one great step toward personal freedom.

4. Work with who you want – This is a big deal because stress statistics show that stress related illness is interconnected with who you work with or bad working relationships in general.

5. Promotions based on promos – The amount of money you make is directly related to the promotional efforts you put into marketing your content. This is all up to you and your work ethic.

6. Pay equals value – This is the strongest and most relevant point in the book. If you deliver great value, people will pay you for it and you can decide what to charge. You are not trading hours of your life for dollars.

7. Small Teams – You do not need a big team to do this. You can outsource several of these steps so that your payroll does not spiral out of control. There are information marketers that make millions of dollars a year with very little staff.

8. Tools are cheap – Technology today really is cheap. There are so many excellent software packages that are free that you can craft your whole infrastructure for next to nothing.

9. Financial Income can beat that of other industries. There are six ways to market your stuff and each has a different price point. The best business models are summed up in one phrase – “one to many”. Creating something once and selling it over and over is the true key to unlocking the wealth puzzle.

The Millionaire Messenger is a good book that will give you the direction you need and the questions required to get you on the path to personal wealth and freedom.

I hope you have found this short summary useful. The key to any new idea is to work it into your daily routine until it becomes habit. Habits form in as little as 21 days. One thing you can take away from this book is one to many. When crafting your business model or tweaking an existing model, remember to leverage the power of “one to many.” In our software business, we create a software module once and sell it many times. This is how Microsoft and Oracle generate billions of dollars each year.

[ad_2]

Source by Joe Mosed

Views: 0

January 7, 2020
The 7-Point Trading Plan Template

[ad_1]

One of the first things beginning traders are told to do is to create a trading plan that will spell out a trading strategy and a list of rules to follow in implementing that strategy. The only problem with that advice is that beginning traders don’t really have any trading experience, and thus are lost when attempting to craft a trading plan for their trading.

Another problem with trading plans is that beginners are instructed to treat their plans as gospel and are told not to deviate from them. This prevents traders from adapting their strategies and rules to improve their performance, an essential step in every trader’s learning curve.

Instead of a rigid document to be created early on in your trading career and never to be changed, you should instead view your trading plan as a living and breathing set of guidelines, capable of being modified as you gain trading experience. This article will teach you how to create a trading plan that will guide your trading efforts without stunting your progress.

The 7-Point Trading Plan Template

In creating your trading plan, here are the items you should include:

1. Markets – What markets will you focus on? Be as specific as possible – if you’re trading stocks, what types of stocks will you concentrate on?

2. Timeframe – How long will you hold your positions for? Will you be a day trader focusing on trades lasting a few minutes, or a swing trader holding trades for a few days?

3. Time Period – What times of the day will you trade? You may have outside responsibilities that prevent you from trading an entire trading day. Pick which times of the day best suit your style.

4. Trading Style – How would you characterize your trading style? Perhaps you are a momentum trader focusing on trending stocks? Or maybe you specialize in a particular sector? Again, this can and will change as you gain experience and learn from your results.

5. Risk Management Rules – This is an absolutely essential and often overlooked component of your trading plan. How will you manage your risk, both on a per-trade basis and overall? You should have a “stop trading” point which is a fixed dollar amount that will force you to stop trading if you’re down by that much.

6. Mentor – Who do you follow and learn from as a teacher? Attempting to learn trading all by yourself is not only lonely, but foolish as it ignores the hard-earned wisdom of other traders. You can either repeat the mistakes of other professionals and hope to eventually learn the lessons and techniques that they’ve learned, or you can simply learn from successful traders and bypass those initial frustrations.

7. Learning Process – How will you structure your learning process as a trader? What steps will you take to ensure you’re always getting better? How will you structure your trading journal?

Trading Plan Example

To show you this trading plan template in action, I’m going to fill it out according to my own trading style:

1. I trade the U.S. stock markets, focusing on volatile stocks with sufficient volume. These stocks are typically the focus of news items and are thus “in play.”

2. I am a day trader and hold my positions anywhere from a few seconds to a few hours. I’m primarily a scalper and am looking to take advantage of short-term imbalances between supply and demand. I will stay in a trade as long as I can identify a supply/demand imbalance.

3. I trade throughout the trading day, although I focus most of my activity at the open and close of the trading day.

4. While I have multiple styles, I would characterize myself primarily as a momentum trader that relies on tape reading to identify favorable risk/reward situations to enter in the direction of a trend.

5. I’m fanatical about managing my risk, both on a per-trade basis and overall. Every trade I enter has a predefined stop-loss and I have a daily stop-loss to stop trading when I’m having a rough day.

6. I’ve had a variety of mentors throughout my career, and now I talk with a select group of traders at my firm with similar trading styles.

7. I review every single trade I make, always looking for ways in which I can improve. This may be as simple as cutting down my risk when trading certain stocks or altering my execution patterns.

Your trading plan can be as simple as that, just a series of statements answering those 7 questions. You also shouldn’t spend too much time creating your trading plan as it will frequently change throughout your career.

Summary

Your trading plan will crystallize exactly what you’re trying to accomplish, but don’t view it as set in stone. Rather, your plan will grow and change as you gain experience and develop your own trading style.

Your trading plan also doesn’t need to be a complicated document spanning multiple pages. You simply need to define what markets you’re going to trade, how you’re going to trade them (how long you’ll hold positions, what times of day you’re going to trade, and your trading style), how you’re going to manage your risk, and how you’re going to continue developing as a trader. By clarifying and explicitly stating those 7 key points, your trading plan will serve and support you in your trading career.

[ad_2]

Source by Matt A Nadell

Views: 0

January 7, 2020
Addiction Doctors – Can an Addiction Doctor Help You?

[ad_1]

Suboxone doctors are something that are in big demand, right now. Unfortunately, more and more people find themselves on the losing end of an opiate addiction with each and every day that passes. In the past, there were other treatment methods that were used to treat addiction to opiates, whether your drug of choice was heroin, hydrocodone, oxycodone, or one of the other many pain prescriptions that are often abused.

Some of the other courses of treatment include In patient rehabilitation centers and methadone treatment. Because of the restrictions that come with those forms of treatment suboxone doctors have become a more popular choice with each new person that tells of their experience with the suboxone doctor that they were able to find.

Rehabilitation Centers in many cases require that you actually “check in”. when you do so, you are for the most part separated from the outside world, your family, job, and anything else that you hold close to you in the real world. The goal of most rehabs is to make you comfortable and to provide you with counseling in an attempt to get you through the opiate withdrawals. The biggest problem that most people find with this is the fact that opiate withdrawals are extremely unpleasant, and the absence of any sort of medication to curb the most undesirable symptoms of withdrawal make the process more than difficult. On top of that, it’s said that opiate withdrawal can, and usually does at least psychologically last for 45 – 60 days. So, even if the rehabilitation facility is able to keep them clean for a week or so, as soon as they hit the street, in most cases the urge to get high will have them running back to their opiate of choice again.

A regimented methadone treatment has often proven effective, and in many cases has pulled people from the clutches of addiction. However, there is a very serious downside. Methadone in itself is a very addictive substance, and in many cases, the people using it to rid themselves of their opiate addiction find themselves as addicted to the methadone as they were their drug of choice. At the end of the day, they still end up having to take a substance day after day to be able to get through their lives. Basically, they are trading one drug for another, and if they should happen to stop taking the methadone abruptly, they will find themselves right back in withdrawal. Doesn’t sound quite right, does it?

On the other hand, suboxone doctors are able to offer a solution to your addiction problem that is not only highly regarded as the most effective opiate addiction tool ever known, but it is temporary. Suboxone works by attaching itself to the same receptors that your opiate of choice used to, so your brain in essence still believes that you are “getting high”. In reality, you are stone cold sober. Typically suboxone doctors will put you on a short term program that is what I like to call, front heavy. What I mean is, in the beginning you will take a large dose of the medicine, and after a couple weeks, you start to ween off. By the time 45 days comes, your opiate withdrawal is over, and best of all, you no longer have the urge to abuse whatever your drug of choice is or was.

The biggest problem with suboxone doctors though, is finding them. In order to have the ability to prescribe the drug, doctors have to go through a special training and education program. Plus, since the treatment itself is still relatively new, it hasn’t caught on yet the way something like methadone has.

If you are starting to realize that you have a problem, and you’re ready to do something about it, I highly recommend searching out a suboxone doctor near you. If there isn’t one relatively close to you, look in the next city, county, or state. Finding one might be the only way you get clean, and it very well could save your life.

[ad_2]

Source by Jeffery Mellenthal

Views: 0

January 4, 2020
Learn Options Trading – Option Strategy Basics

[ad_1]

Before you learn the basics about how to trade options and the strategies, it is important to understand the types, cost and risks before opening an options account for trading. This article will focus on stock options vs. foreign currencies, bonds or other securities you can trade options on. This piece will mostly focus on the buy side on the market and the trading strategies used.

What is a Stock Option

An option is the right to buy or sell a stock at the strike price. Each contract on a stock will have an expiration month, a strike price and a premium – which is the cost to buy or short the option. If the contract is not exercised before the option expires, you will lose your money invested in your trading account from that contract. It is important to learn that these instruments are riskier than owning the stocks themselves, because unlike actual shares of stock, options have a time limit. There are 2 types of contracts. Calls and Puts and How to trade them and the basics behind them.

What is a Call Option and how to trade them?

A call option contract gives the holder the right to buy 100 shares of the stock (per contract) at the fixed strike price, which does not change, regardless of the actual market price of the stock. An example of a call option contract would be:

1 PKT Dec 40 Call with a premium of $500. PKT is the stock you are buying the contract on. 1 means One option contract representing 100 shares of PKT. The basic thought and learning how to trade call options in this example is you are paying $500, which is 100% at risk if you do nothing with the contract before December, but you have the right to buy 100 shares of the stock at 40. So, if PKT shoots up to 60. You can exercise the contract and buy 100 shares of it at 40. If you immediately sell the stock in the open market, you would realize a profit of 20 points or $2000. You did pay a premium of $500, so the total net gain in this options trading example would be $1500. So the bottom line is, you always want the market to rise when you are long or have purchased a call option.

Trading Strategy vs. Exercising and Understanding Premiums

With call options, the premium will rise as the market on the underlying stock rises. Buyer demand will increase. This increase in premiums allows for the investor to trade the option in the market for a profit. So you are not exercising the contract, but trading it back. The difference in the premium you paid and the premium it was sold for, will be your profit. The benefit for people looking to learn how to trade options or learn the basics of a trading strategy is you do not need to buy a stock outright to profit from it’s increase with calls.

What are Put Options?

A put option is the reverse of a call contract. Puts allow the owner of the contract to SELL a stock at the strike price. You are bearish on the shares or perhaps the sector that the company is in. Since selling a stock short is extremely risky, since you have to cover that short and your buyback price of that stock is unknown. Bet THAT wrong and you are in a world of trouble. However, put options leave the risk to the cost of the option itself – the premium. Learning or getting information on how to trade Puts starts with the above and looking at an example of a put contract. Using the same contract as above, our anticipation of the market is completely different.

1 PKT Dec 40 Put with a premium of $500. If the stock declines, the trader has a right to sell the stock at 40, regardless of how low the market goes. You are bearish when you buy or are long put options. Learning to trade puts or understanding them starts with market direction and what you have paid for the option. Any basic strategy you take on this contract must be done by December. Options normally expire toward the end of the month.

You have the same 3 trading strategy choices.

Let Option Expire – usually because the market went up and trading them is not worth it, nor is exercising your right to sell it at the strike price.

Exercise the Contract – Market declined, so you buy the stock at the lower price and exercise the contract to sell it at 40 and make your profit.

Trading The Option – The market either declined, which raised the premium or the market rose and you are just looking to get out before losing all of your premium.

Conclusion Basics

Trading Options carries nice leverage because you do not have to buy or short the stock itself, which requires more capital.

They carry 100% risk of premiums invested.

There is an expiration time frame to take action after you buy options.

Trading Options should be done slowly and with stocks you are familiar with.

I hope you learned some of the basics of options buy side trading, investing and how to trade them. Look for more of our articles. American Investment Training.

More on Options and Trading Strategies

[ad_2]

Source by Nick Hunter

Views: 0

January 2, 2020
3 Solid Techniques for NQ Trade Entries

[ad_1]

The Nasdaq futures contract (NQ) generally trades like most of the other equity indexes though it has a few twists and turns that set it apart from the crowd. For anyone who has traded seriously, it is those “twists and turns” that can spell trouble for the uninitiated when trading the NQ. The purpose of this article is to alert traders to some of the idiosyncrasies that are part of trading the NQ and how to adjust your trading to take advantage of the attractive parts of the contract and avoid some of the less-than-pleasant outcomes this instrument can cause.

There are times when this contract is very easy to trade, especially when it is trending. Of course, you might say all contracts are easy to trade when trending but the NQ (because of volatility) presents some unique challenges and can be profitable if you trade the contract correctly. The challenge in trading the NQ is to understand and profit from the volatile nature of the contract. This can be a double edge sword and the downside of volatility is the tendency of price action to move against your position at a high rate of speed.

In a normal “bracketed” market you can let the trade run against you some, depending on the size of your trading account, but sooner or later (it may be days, weeks, even months) the price action will break out and the trade you let run will become your worst nightmare. The best general approach is to trade this contract conservatively and with the trend.

Countertrend trading is the formula for blown trading accounts on the NQ. You should repeat this mantra 25 times before going to bed each night. “I will not trade against the trend, I will not trade against the trend… “

Here are the techniques that have been successful for me in trading the Nasdaq:

· Reversion to the Mean: Like most contracts, the Nasdaq is a great contract to trade using a technique called “Reversion to the Mean.” This strategy, in general, discourages traders from taking those awful breakout and breakdown trades that are, so often, the cause of many losses. I generally wait until the price action is between 2 and 3 standard deviations against a backtested SMA and find this trade phenomenally successful. I have added a few game-changing rules to quantify the trade more precisely and upped the win rate another 15%. I urge you to investigate this less-than-popular style of trading and see how truly successful it can be.

· Pay specialized attention to support and resistance (SAR): As I mentioned at the onset, the NQ is a very active contract and making any preliminary assumptions about whether or not the price is going to move through SAR is a mistake. A better idea would be to use an order flow program so that you can see the actual order flow at SAR. Are traders hitting the buy side, the sell side, or are the orders placed that represent traders are on both the bid and ask.

· Volume Analysis: By now, most traders realize that increased volume at SAR generally results in a market pullback off SAR. The corollary is true also, low volume approaches to SAR may indicate that price is going to continue through support/resistance. I strongly recommend using a “Better Volume” indicator to indicate, in real time, the nature of each bar. Obviously, high volume at SAR often indicates that a change of direction could be in the cards and low volume signals a possible continuation of a move. The question has always been, “How high should the volume be to indicate a reverse in direction?” Obviously, high volume at SAR often indicates that a change of direction could be in the cards and low volume signals a possible continuation of a move. The question has always been, “How high should the volume be to indicate a reverse in direction?”

Is there a method for finding the “perfect” NQ entry point? No, not so much. But, you can get good enough to read between the lines and consistently score winners. Best of luck in your trading.

[ad_2]

Source by David S. Adams

Views: 0

December 29, 2019
Can You Really Make A Living From Affiliate Marketing?

[ad_1]

Affiliate marketing is a business model which lets anyone benefit financially by using other people’s products on the internet. It’s a kind of referral based marketing in which affiliates are rewarded for sending website traffic to various products and services online.

Amazon is probably the best known website for selling products on the internet. They have a program which allows anyone to refer customers to them, for a commission on the sales.

Anyone can become an affiliate marketer. However, the truth is that affiliate marketing is no quick fix. It does work yes, but depending on which direction you choose to set sail with your affiliate marketing business, you can be very disappointed, as I was, many times!

But, if you stick with it, and find a path which both works you and your working style, the rewards can be fantastic. It’s taken me a while to get to the point of the light at the end of the tunnel, but I’m definitely sold on affiliate marketing now!

Before I found a community and direction which I could trust in and believe in, I jumped from one strategy to another. Having a mentor helped immensely because not knowing whether what you’re doing will work is incredibly difficult.

A lot of what I did when I started simply got me nowhere. I build various websites and my initial tactic was to get my content ranked on Google. This is incredibly difficult, even if your content is unique and offers huge value. You need to keep plugging away and sharing your content. You simply can’t rely on Google to rank your content to get it seen.

Then I faced an AdWords account shut down shortly after one of my biggest breakthroughs. This hit me hard and I gave up for a while. What kept me going was the idea of affiliate marketing which I never let go of. My ‘why’ was that affiliate marketing was a way out of low paid work and grumpy bosses! It also offered a potential income which far outweighed what I could possibly earn by trading my time for money.

Granted, I wasn’t earning anything for a number of years. But it was the thought of escaping my difficult circumstances which kept me going.

I eventually discovered subscription products which paid ongoing commissions for previous sales. When I noticed that the subscriptions were coming in, month after month, my eyes really lit up! It wasn’t a huge amount at first, just a few $20 commissions which were steadily coming in regardless of the sales I made that month.

Over time this adds up. Combined with high commission affiliate programs which offer up-sells and in-house sales teams who close sales for you, I thought I had finally found the holy grail of affiliate marketing success!

I wouldn’t say my affiliate business is a “living” just yet. But I’m now confident that I’m on the right path and taking the right action steps towards that as a real possibility. That for me was the goal; to find my way. For years I struggled for a number of reasons. Scepticism keeps you from making decisions. I got burned with a number of systems and spend months on building content and websites which got me nowhere.

Even in the business community I now belong to, I was full of scepticism at first. It was very difficult for me to take the necessary steps to get myself into the position I am now in. Lack of money is usually a reason which people have when they come to learn about affiliate marketing. This is a double edged sword. All the years I had no money, I couldn’t afford the more costly business ideas. I only focused on the cheaper ones. It cost me dearly in the time that I wasted.

It’s still no piece of cake building a profitable internet business. Even with a good strategy, a mentor and a community behind you. People will still drop out. But if you keep going, your chances of success are far greater! It took me a long time because I focused on content generation to build my income up. If you can, I would definitely recommend using paid marketing over content generation, but only with the right products.

With high ticket items, subscription products, up-sells and a built in sales team, your return on investment is far greater than with many of the affiliate products you’ll be told to sell.

This was something I didn’t understand at first. I tried to sell digital and physical products without thinking about how much I would actually earn; selling books off Amazon for pennies worth of commission!

Getting the right knowledge from the start is a massive bonus. Without it, you can work really hard in the wrong direction for a number of years, as I did. It’s hard to reconcile affiliate marketing as a legitimate business model if you’ve failed at it for years. But then, giving up after all the work I had put in was worse still!

I’m glad I continued to the point I actually started seeing some results. It’s a place I wanted to be for a long time, and one which I held myself back from because I continued to hang on to my comfort zones while seeking new outcomes.

One of these comfort zones was holding on to the idea of what I wanted to do on a daily basis. I wanted to keep doing what I had always done – blogging! Here I am writing more content. It fitted with my comfort zones but didn’t achieve the result I wanted fast enough. Eventually I started using more paid marketing strategies and this gave me a much faster result. However, it was only after reassessing that my blogging wasn’t getting me anywhere and taking some uncomfortable action steps.

I’ve noticed many affiliates make much faster progress than me by taking the necessary steps I was too fearful to take. Once I started doing what they did, results came much faster. You can make a great living with affiliate marketing. Just don’t expect it to fall in line with your comfortable parameters. Sometimes to get to somewhere where you’ve never been, you need to do things you’ve never done!

[ad_2]

Source by Tim Halloran

Views: 0

December 27, 2019
A Forex Trading System That Really Works

[ad_1]

Over the years Forex trading robots have flooded the market with mixed results. Of course there is always the good few that work but unfortunately the majority will eventually fail. In this article we are going to look at the possibilities with Trading robots, also known as expert advisors and find out if it is possible to have a Forex trading system that really works.

The Possibilities of Trading Systems Their Limitations

The coding of expert advisors is always advancing and there is now even software that can read news alerts and adapt that information into a trade. This new wave of programming is the forefront of using fundamental analysis in trading algorithms; there are issues with this that a fundamental trader could point out but that is a conversation for another article. The limitations of a trading system come down to the programmer. There are hundreds of indicators on the market that give direction to the markets and they will be correct a percentage of the time. The problem is making sure they are correct enough of the time to ensure an overall profit at the end of the week, month or year.

It is common place for a Forex robot to work for a period of time then go through bad patches that have the potential to eat up all your profit and even blow your account. Although these Expert Advisors are sold in good intention there is no way of knowing how to accurately predict the market and a trading system based on rules might not fit the market next year as it did the year before.

A Trading System That Can Adapt

In conclusion a Forex trading system that really works is going to be one that can adapt to the trading environment at any given time by using more than one set of rules. Using a system that adapts multiple rules can adapt to multiple scenarios. For Example, a Forex robot that uses a scalping system in a trending market might lose consistently when the market consolidates. Having a system that could detect the change in the market and switch to a consolidation technique would result in exceptional results.

There are hundreds of systems on the market and the best tip we can give to purchasing one is to look at the past results and pay particular attention to the amount of drawdown. A Forex trading system that really works will have a drawdown of less than 20% anything more than this then there is a big danger you will blow your account eventually.

[ad_2]

Source by Adam Woods

Views: 0

December 25, 2019
How to Start Investing Today With the Money You Spend Right Now

[ad_1]

Many people enter a job market right after school and jump right into life feet first. Money comes in from a job, then goes right out to liabilities, food, entertainment… all necessities and pleasures in life. This is often called being stuck in a “rat race”. Every month is the same thing… money comes in, money goes out. Once you’re stuck in it, it’s very difficult to get out. But not impossible.

Now, money you make in your job is dependent on your ability to perform a task or function and amount of time put into that task or function. Essentially, it is trading time for money utilizing a learned skill. But this can’t possibly go on forever, can it? What happens when you get too old to perform these same tasks required for a job?

Unfortunately, for some people it goes on for a very long time. And when people who don’t invest in things that will bring in income whether they work or not can’t work any more, they don’t have anything to help them live as comfortably as they are today.

Until most people get into a career job that offers good benefits (including a 401k), money is rarely put toward investments. Money is made and spent as fast as it’s made, giving a person necessities and comforts of life at the time – and then some, but not allowing much for a prosperous future once job income stops.

Everyone at some point in their life must face the reality that a job is not going to give them everything they want or need in life – especially a life after retirement age. Investing is something best figured out early in life.

To understand how important investing is, you must first understand what investing is. An investment is a method of making money from a one-time effort. Sometimes this effort can be intense and take some time, but it can provide income for many years to come without having to put forth that same effort or time.

If you do a bunch of research to buy a house to use as an investment, you only have to do that research one time. Once you buy an investment, it will make money for you with very little effort. If you write a book and put it on a website to sell, you only had to write a book one time and it will make money for as long as it is active on the website or in a book store. If you research a company stock and find a perfect one, investing some money in it, money then starts doing work and making money without you having to do anything.

These are just simple investment examples that do take some effort. The point is that making money from investments is a lot easier than making money at a job if you know what you’re doing. A huge difference between an investment and a job is how much time and effort someone has to put into making money. Cool thing about investing in the stock market (whether it be traditional buy/hold/sell trading, 401k investing, or options) is that you only have to learn how to do it once, keep repeating what you learned, and let each dollar you invest do all of the rest of the work for you so you can enjoy life as it was intended.

Of course there is one HUGE problem that everybody faces before they can invest. Where do you get money to use to make money? When living life in a “rat race”, you eventually get caught up in an impossible circle that is very hard to get out of.

Don’t worry!

You have money… you just don’t know it yet!

There are ways to make a few changes in your life to start building up “capital” for investing – no matter what type of investing you are looking to start. It will be slow at first, but it will definitely morph into something you won’t believe possible.

One way to build up investment capital fairly quickly is opening a “Round Up” Savings Account. This type of capital growing account actually helps you save and build money based on your every day purchases. You attach your checking accounts or credit cards that you spend money on to your Round Up account and for each purchase you make, this account rounds up to the nearest dollar and deposits that rounded up cash into an investment platform that helps your savings grow faster. Not much work, is it? This special investment account does the rest.

For example, if you spent $20.57 on something, it rounds that up to $21.00. The round up, or $0.43, is placed in your account which is divided among several stocks based on account settings.

If you make 50 purchases from your checking account in a month averaging $0.35 a round up, you will save $17.50 in that month. That’s $210.00 in a year saved just by rounding up these purchases.

Money invested in this round up account goes up and down with stock market movement. At 5% gain in a year, it will go up by $10.50 more. And some stocks that your money is invested in earn dividends that are automatically reinvested into your account.

This doesn’t sound like much, but over time, it will continue to grow. This is an investment in itself and can grow pretty fast if you are consistently adding to it. If you have extra money you’d like to save during a month, you can also make deposits to apply them to your account to grow your account even faster.

A Round Up Savings Account is simply a stepping stone to get you to a higher level of investing, which can be a stock trading, option trading, a retirement investment account, real estate, or anything else you can invest that money in to make more money.

Once you build up some good investment capital in your Round Up account, you can withdraw it whenever you want and use it to purchase assets (things that earn you money – unlike liabilities) or to invest in stocks to make even more money over time.

[ad_2]

Source by Jason Moser

Views: 0

December 25, 2019
How To Make Money Trading Domains

[ad_1]

Domain trading is the buying and selling of domain names and it is a business that has been on for many years. It promises a high yield on investment but can be very risky. You can turn $ 25 into $ 450 or more within a short time and you may buy a domain name without ever selling. It is an interesting terrain to navigate. If you want make money with this business, you need to get as much information as possible so that you will be able to succeed.

One of the benefits of this business is that you only need to register or buy a domain name and not necessarily developing it or pulling traffic to it. You don't even need to put any content. Just own the domain – that's all. You may be wondering where and how to buy domains. You have two options to choose from and you can use both. The first option is to register through registrars and this is referred to as the primary market. Top registrars include GoDaddy, NameCheap, iPage, 1and1, Dynadot and so on. The price for registration varies from one registrar to another and there may be additional products added by each registrar.

The second option is to buy an already registered name and this is referred to as the secondary market. Examples of secondary markets are Sedo, GoDaddy, Flippa, Afternic, just to mention a few. Pricing at the secondary market is a bit on the high side and this is determined by so many factors like the age, category, number or words, valuation of the names and so many other factors. However, it is important for you to note that a domain is renewable every year and you have to factor this into your plan when making purchase and sale decisions.

Furthermore, choosing the right domain name is very crucial to your success in this business. You don't just go ahead to buy a name you can think of. It doesn't work like that. It's not gambling and you need to be able to identify marketable names. You can visit news sites like TheDomains, Domaining, DomainInvesting and so on, to know the latest trend in the market. It is not easy to predict a name that will sell but if you get familiar with information about the industry, you will be better positioned to make the right decision. Typically, the best names are short, easy to remember, easy to spell, easy to pronounce and so on.

[ad_2]

Source by Olushola George Otenaike

Views: 0

December 21, 2019