We’re very excited about the arrival of the new MetaStock v11! As most investors know, MetaStock has always been the premier software designed specifically for traders who do analysis after markets close, as well as those who do Real-Time analysis. The new versions include:

• MetaStock End-of-Day is the perfect EOD charting and analysis tool whether you’re an experienced, active trader or just beginning to trade the markets.
• MetaStock Pro For professional traders requiring real-time analysis.
• MetaStock Pro-fx Specifically for foreign exchange (FOREX) traders and powered with QuoteCenter data, MetaStock Pro FX provides real-time analysis of the currency market.
• MetaStock Addons & Plugins Developed by the makers of MetaStock, plugins enhance the functionality of MetaStock.

A Ton of New Features

To see much more about what’s new, visit the MetaStock Store and there are videos, tutorials and datasheets as well.

• 5 new name brand systems
  • Stochastic Pops Expert Advisor – combining a weekly Stochastics Oscillator for trend with a daily Stochastics for signals, this system avoids many of the whipsaw trades common to systems using just daily Stochastics.
  • Conners RSI Expert Advisor – based on formulas presented by Larry Conners and Ashton Dorkins, a 2-period RSI at extreme highs or lows is used for long and short entry signals.
  • Darvas Box – using extreme high and low conditions to form dynamic support and resistance levels, which are captured in the form of a “box,” this system is great for uptrend breakout trading.
  • Turtle Trader (Hybrid) – based on the well-known and widely published Turtle System, this system generates buy signals when the price moves above the highest high of the last 20 days. Short signals are generated when the price moves below the lowest low of the last 20 days. Positions are closed when prices reach the extremes of the previous 10 days.
  • SPYDER Carpe Diem – designed to forecast a single days movement of the S&P’s 500 Depository Receipts (SPYDER), this system is based on a four-bar pattern that has shown predictive ability.
• 43 new adaptive indicators
  • Standard indicators use a fixed look-back period, which makes them less responsive to prevailing market conditions. MetaStock 11 incorporates 43 NEW Adaptive Indicators with dynamic look-back functionality based on volatility, cycle, or a combination of both. This method provides the most responsive and accurate results.
• 6 new RMO alerts
  • The Rahul Mohindar Oscillator (RMO) released with MetaStock 10 has become one of the most popular features of MetaStock. MetaStock 11 offers 6 NEW alerts for the RMO, including: buy above high, sell below low, new blue bar, new red bar, entering bullish zone, and entering bearish zone.
• 2 new stops – The best trading systems will fall short without a good exit strategy. MetaStock 11 provides 2 NEW stops to help your system know when it’s time to get out of the trade:
  • Intellistops – these self-adjusting trailing stops do away with the old static stop systems, which are set at a fixed percentage from price. Intellistops are adaptive and adjust dynamically based on the current price activity of the security. Intellistops adjust according to cycles, volatility, and other conditions.
  • Chandelier Stops – As the name indicates, Chandelier stops “hang” the sell stop from the extreme high reached over a predetermined period. When used properly, in tandem with other trading systems, Chandelier stops have been shown to produce profits even with randomly selected entries on a diversified group of futures.
• 17 new indicators – MetaStock has always incorporated a very robust list of built-in indicators in excess of 150 and counting. The reason why we have so many is to cater to any type of trader. The 17 NEW indicators include the following:
  • Coppock Curve
  • Darvas Box High
  • Darvas Box Lowv
  • Denvelopes
  • Donchian Channels
  • Elder Ray
  • Fisher Transformation
  • Gann Swing Bands
  • Inverse Fisher Transformation of RSI
  • Natenberg’s Volatility
  • Polarized Fractal Efficiency
  • Pring KST (short, intermediate, and long-term)
  • Stochastic RSI
  • Force Index
  • Turtle Trader Bands.
• 4 new FOREX currency pair systems – MetaStock employed the “3-V” approach (Velocity, Verticality, and Volatility) and the notion that balance between different types of indicators offer superior performance to develop the FOREX Currency Pair Systems. The four new systems are specific for the following pairs:
  • EUR/USD
  • GBP/USD
  • USD/CHF
  • USD/JPY
• new features designed for FX trading

Basic Charting with MetaStock

Setting the Standard with Charting

MetaStock creates charts that quickly and easily map a clear profit strategy! You can create charts so revealing, they’ll give you an unfair advantage in the marketplace.

MetaStock gives you nine of the most commonly-used price charting styles to choose from:

Bars	Line	Candlesticks
Point & Figure	Kagi	Renko
Three-Line Break	Equivolume	Candlevolume

Templates, Layouts, and Toolbars

• Templates
  A Template lets you apply the same set of indicators and studies to different securities. Once a chart is saved as a template it retains all the settings of your chart excluding the base security. This allows you to quickly rotate through securities while keeping the same indicators and line studies on the screen and will save you hours of work.
• Layouts
  Layouts are a convenient way to manage groups of charts. You can combine your favorite stocks into one easily managed group. Or combine your favorite security with the Dow and several of your favorite indicators. You can save all your on-screen charts together like pages in a book.
• Built-in toolbars
  These let you easily refresh data, change periodicity, rescale the Y Axis, zoom in and out, choose “previous” or “next security” in the open folder, and choose a security to open.
• Object-Oriented Interface
  MetaStock is the only technical analysis program with a complete Object Oriented Interface. That means you can click on the object you’re working with to get an instant menu for that item.

Technical Analysis Tools

The Explorer^TM

Finding profitable trading opportunities starts with scanning the markets for securities that meet your criteria. With how vast the markets are, this is an overwhelming and next to impossible task on your own. However, MetaStock’s built-in search tool, The Explorer, makes it quick and simple.

Tell The Explorer what you’re looking for—say you want stocks that have just crossed above their 200 day moving average. The Explorer searches thousands of securities to instantly find those that match this description. You could then run The Explorer again to drill down further in this list and find securities that match whatever specific criteria you’re looking for.

You can also use The Explorer to generate a list of potential money-makers, find the biggest gainers, the most active stocks, or generate daily buy and sell signals.

The Explorer does the tedious, time-consuming work for you so that you can make informed decisions quickly and with little effort.

The Expert Advisor^TM

The Expert Advisor is an educational tool that helps you interpret technical analysis signals. This compilation of trading styles and rules from experts such as Martin Pring, Gilbert Raff, and Bill Williams offers commentaries and suggestions as to when to buy or sell a security. This tool gives you 60 “experts” to apply to your trading.

The Expert Advisor brings you advice from a team of experts so that you can find out what they would do in your specific trading situation.

The Enhanced System Tester^TM

With The Enhanced System Tester, you can create, back-test, compare, and perfect your strategies before you risk any of your money in the markets. System testing helps answer the question, “If I had traded this security using these trading rules, how much money would I have made or lost?” The surest way to increase your confidence in a trading system is to test it historically. The Enhanced System Tester lets you take a group of stocks and compare them to a group of trading systems to find the best scenario.

Designed to simulate real trading scenarios, the Enhanced System Tester allows you to change the variables such as entry, exit, order sizes, commissions, and more. This tool gives you incredible customization, comprehensive results, and detailed reports so that you can find the most historically successful trading scenario.

The Enhanced System Tester will give you the power to take vast amounts of past data and use it to analyze and predict what trading systems will be the most profitable.

Internet Capability

MetaStock lets you pull up an online, direct-access broker page where MetaStock automatically fills in your stock information for quick and easy trading. With its seamless Internet integration, MetaStock allows you to:

• Collect data from an online data vendor using DataOnDemand™
• Research fundamental information from Thomson Reuters including P/E ratios, Insider Trading, and Financial Statements for the active chart
• Read current company news for the active chart
• Request a real-time quote for the active chart
• Display option chains for the active chart
• Save the active chart as an HTML document
• Email a bitmap graphic of a chart directly from MetaStock
• Get help from Equis technical support

MetaStock’s Indicators

Analyze the market with the insight of the most respected traders in history with MetaStock’s comprehensive collection of indicators and line studies—over 150 are included.

MetaStock’s built-in indicator interpretations even help you understand how to trade each indicator. For advanced users, The Indicator Builder lets you write your own indicators. Here is a list of the indicators.

The Performance Systems

Trade at a higher level of confidence and expertise than you ever thought possible with the 26 trading systems included in MetaStock. Chosen after countless hours of intensive testing and rigorous research, these systems have a highly successful track record of profitable results.

We added state-of-the-art exploration tools to 10 of these systems. These explorations perform system testing – on not just one security – but over an entire database of securities. Plus, you’ll get buy/hold vs. buy/sell comparisons, and buy/sell alerts to further assure your trade has the highest probability of success.

“Systematic trading has dramatically improved my returns and drawdowns. I’m easily beating the indexes and not taking an inordinate amount of risk. Prior to MetaStock I tried one trading concept after another, and was essentially break-even – not without many gut wrenching moments though. Trading is now objective and simple for me. I just follow the signals, and through extensive back-testing, I have confidence that my system will be highly profitable in the future.”
Kevin Campbell

Day trading stock online is real seat of the pants stuff for all participants, but none more so than for the novice trader. The casualty rate is high enough amongst experienced professionals, but for the raw beginner it can be an absolute minefield if basic day trading principals aren’t rigorously adhered to.

Just because you’ve made a few successful mid to long term trades in your time doesn’t ensure that you’ll be the next talk of Wall Street when you try your hand at day trading stock online. Far from it!

Not surprisingly, day trading irrespective of the asset class involved has been likened to extreme sports, with the only difference being that the thrills and spills are confined to the minute by minute fluctuations of your trading account. Perhaps the only saving grace for those who fail to plan their trades in advance is the fact that no positions are held open, i.e. carried forward, to the next day. If nothing else, this limitation helps prevent further erosion of capital when a trade turns sour.

So what motivates investors to become involved in day trading stock online?

A primary motivation of day trading stock online is understandably the lure of quick money. Another motivating factor is that it isn’t necessarily any riskier than other forms of trading activity. However, unless thoroughly tested and proven trading strategies are put in place with each trade, the risk of incurring substantial losses within a frighteningly short period of time is all too real.

Basic Strategies:

There are six basic strategies day traders use to make a profit:

1. Spread covering
2. Technical trading
3. Scalping
4. Range trading
5. Playing news events
6. Trend following.

Spread covering refers to buying at the BID price and then selling at the ASK price. The spread is the difference between these two prices.

Technical trading is simply the action undertaken by a technical analyst. He or she evaluates securities by relying on the assumption that market data, such as price charts, volume, and open interest, can help predict future, usually short term, market trends. Unlike fundamental analysis, the intrinsic value of the security is not considered. Technical analysts believe that they can accurately predict the future price of a stock by looking at its historical prices and other trading variables. Many technical analysts are also market timers, who believe that technical analysis can be applied just as easily to the market as a whole as to an individual stock.

Scalping refers to an extremely quick trade for a small profit. For example, if you bought 20,000 shares in XXX Inc. @ $1 per share, i.e. $20,000 invested, then sold them 45 minutes later for $1.03 per share, $20,600 gross return, you would end up pocketing a cool $600 less brokerage.

NB: Remember that when you are day trading stock online, the round turn brokerage fees are minimal.

Range trading is a little harder and inherently more risky, but the returns can be proportionately greater, too! If you are canny enough to be able to pick the intra day market swings and either BUY at or near a low, then SELL at or near a high you can often make substantial profits using this method. But you do have to be wary, because if you buy into what you think is an intra day low point, only to discover that the market sentiment has changed and that a severe sell off is in progress, you could get badly burnt!

Playing news is the realm of the adrenaline seeking day trader. The technique refers to buying a stock which has just announced, for example, a short sell on bad news, the contrarian traders love this sort of play as they will be standing in line to BUY the stock at the end of a short, sharp sell off in the belief that most if not all the bad news is already factored into the market and therefore there wont be any further downward pressure. The sheer volatility offered by unexpected news announcements can provide the diligent day trader with huge potential for quick profits, or losses if they call the market incorrectly.

Trend following assumes that if a stock have been rising steadily it will continue to rise. Admittedly, this technique is better suited to position traders, i.e. where stocks are held for a number of days, weeks or even months, but in strong bull markets some stocks will rise steadily for days on end, making the intra day trend follower a very happy chappy.

Live Coaching

When trading on an intra day basis you need to take into account many factors including: time of day; liquidity; pending announcements such as corporate profit reports, interest rate movements, currency fluctuations; macro and micro trends; market sentiment, in fact, almost anything at all that may have an impact on your trading results.

So, if you want to radically improve your day trading stock online skills, live coaching or even online mentoring with a recognized industry professional can be worth a hundred times the price paid. Coaching can take place in different forms including: in person coaching; online coaching session; or over the phone.

If you’re hell bent on being successful, but you’re still new to the game, you’ll be tossed to the lions unless youve acquired the necessary physical and mental skills to survive and profit from day trading stock online. Do yourself, your pride, your career and your bank manager a big favor by making the commitment to learn as much as humanly possible about this fascinating and potentially very rewarding form of investing, and secure the services of a live coach to see over your trading.

After you`ve set your initial stop loss, chosen your method for calculating your trailing stop loss, and implemented all your money management rules, there is one last thing you should do; you should begin back testing your system.

With out back testing you will be headed in the right direction, but you won`t know what to expect from your system. Back testing will also give you the confidence to keep going when you begin to experience the doubt that every trader faces at some time.

Back test your system by applying the rules and conditions of the system to the stock`s historical market data. However, this is only possible if you`re trading a system that is entirely mechanical and does not require any human input to place the trades. How do you know whether or not your system is completely mechanical for back testing? Can you take down your trading plan, the set of rules and guidelines that you follow, and hand that over to someone else, who could then trade the same system and receive the same results as you would if they followed the system carefully?

If you can do this, you have a mechanical system that is ready for back testing. If you can`t, you should look at implementing a completely mechanical system. Perhaps one of the hardest parts in trading any system is to have the confidence to stick with your system. In fact, a mechanical system almost forces you to make decisions that are in direct conflict with what your gut feeling might tell you to do.

Remember, our gut feeling tells us we should hold on to losing stocks until they get to the break even point, and our gut feeling would tell us to sell shares as soon as we`re a little bit in profit. Obviously, a mechanical system goes against these human tendencies, and that is one of the reasons why it`s psychologically difficult to trade. However, back testing a mechanical system, will tell if you it your plan will work or not.

While back testing will not tell you with 100% accuracy what the profitability of your system will be once you start trading it, it will give you a very good sense of what you can expect. All prices are driven by the same two factors, supply and demand, in the present and in the past. So, even though price movements are never going to be exactly the same, in your back testing you will see the patterns, and similar movements that show up over time. With back testing you can discover the how profitable you system is likely to be, and how often you are likely to have a loss rather than a profit.

Back testing your system over different market conditions, it can be reasonable to draw parallels as to the performance of your system historically to its performance trading it in real time. Knowing this, because of back testing, will make it much easier to stick with your system, and the profits you can realistically skyrocket.

If you’re looking for a good piece of technical analysis software to do the back testing for you you should have a look at MetaStock End-of-Day or MetaStock Professional (for day traders).

-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=- David Jenyns is recognized as the leading expert when it comes to MetaStock and designing profitable trading systems. His MetaStock website offers a huge free collection of trading related tips and tricks. Gain free access now. Click Here ==> http://www.meta-formula.com/subscribe -=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=- Article Source: http://EzineArticles.com/?expert=David_Jenyns

]]> http://www.financialmarketplace.com/the-idiots-guide-to-back-testing-trading-systems/feed/ 4 http://www.financialmarketplace.com/wonder-which-charting-software-is-the-most-popular/ http://www.financialmarketplace.com/wonder-which-charting-software-is-the-most-popular/#comments Mon, 03 Nov 2008 16:49:10 +0000 admin http://www.financialmarketplace.com/?p=193 I recently came across the following blog post that ranked (based on an internal survey) the most popular charting software was. Note that the sample size is unknown (although it’s stated that it is in the 100’s) but interesting nonetheless. Nice to see MetaStock in the top 10!

The Most Popular Charting Software is …

Posted by: Barry Burns

Recently I took a survey of my students asking which charting software they use.

This is only a small sample, and therefore not necessarily representative of which software is the most popular in the world, or even the US. It only reflects the responses I received from my students who responded to the survey.

I received hundreds of responses and thought you may be interested in the results. So here they are, rounded to the nearest whole number (you’ll notice that they total more than 100%, and that is because many people use more than one software for charting):

1. Ninja Trader: 42 %
2. Tradestation: 30 %
3. Meta Trader: 27 %
4. Interactive Brokers: 21 %
5. eSignal: 18 %
6. MetaStock: 16 %
7. Think or Swim: 14 %
8. GFT: 13 %
9. Ensign: 12 %
10. Telechart: 12 %
11. FXCM: 12 %
12. TD Ameritrade: 8 %
13. Fidelity: 6 %
14. MultiCharts: 6 %
15. E Trade: 4 %
16. Schwab: 4 %
17. NeoTicker: 2 %
18. QCharts: 2 %
19. Other: <2 %

What charting software do you use?

One of the cardinal rules of Forex trading is to keep your losses small.

With small Forex trading losses, you can outlast those times the market moves against you, and be well positioned for when the trend turns around. The proven method to keeping your losses small is to set your maximum loss before you even open a Forex trading position. The maximum loss is the greatest amount of capital that you are comfortable losing on any one trade. With your maximum loss set as a small percentage of your Forex trading float, a string of losses won’t stop you from trading. Unlike the 95% of Forex traders out there who lose money because they haven’t applied good money management rules to their Forex trading system, you will be far down the road to success with this money management rule.

What happens if you don’t set a maximum loss?

Let’s look at an example. If I had a Forex trading float of $1000, and I began trading with $100 a trade, it would be reasonable to experience three losses in a row. This would reduce my Forex trading capital to $700. What do you think those 95% of traders say at this time? They would reason, “Well, I’ve already had three losses in a row. So I’m really due for a win now.”

They would decide they’re going to bet $300 on the next trade because they think they have a higher chance of winning.

If that trader did bet $300 dollars on the next trade because they thought they were going to win, their capital could be reduced to $400 dollars. Their chances of making money now are very slim. They would need to make 150% on their next trade just to break even. If they had set their maximum loss, and stuck to that decision, they would not be in this position.

Here’s a perfect illustration why most people lose money in the Forex trading market.

Let’s start out with another $1,000 float, and begin our Forex trading with $250. After only three losses in a row, we’ve lost $750, and our capital has been reduced to $250. Effectively, we must make 300% return on the next trade and that will allow us to break even.

In both of these cases, the reason for failure was because the trader risked too much, and didn’t apply good money management.

Remember, the goal here is to keep our losses as small as possible while also making sure that we open a large enough position to capitalize on profits. With your money management rules in place, in your Forex trading system, you will always be able to do this.

-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-
David Jenyns is recognized as the leading expert when it
comes to designing profitable stock trading systems.

Discover the “secret formula” of trading that anyone can use
to consistently generate BIG profits from the market by
downloading your FREE copy of David’s new Ultimate
Stock Trading Systems course.

Click Here To Download ==> Stock Trading Systems
http://www.ultimate-trading-systems.com/forex.html
-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-

Article Source: http://EzineArticles.com/?expert=David_Jenyns

Sign Up For Instant Access & Receive Your FREE Buyer’s Guide Right Now!

You Will Discover …

1. The version of MetaStock that’s perfect for you based on the type of trader you are.
2. How you can quickly scan through multiple securities to find that “diamond in the rough”
3. The easiest way to create your own custom formulas
4. The most effective way to license the software based on your budget
5. The most reliable data sources for developing informed trades.

Why waste your valuable time trying to figure out which version of MetaStock is right for you?

Download a copy of our MetaStock Buyer’s Guide and discover “The 8 Vital Questions You Must Ask Before You Purchase Technical Analysis Software” today!

P.S. – MetaStock is one of the best selling technical-analysis software tools in the world – and the 16-time winner of the Stocks and Commodities Readers’ Choice Award. Find out now if MetaStock is right for you!

What are you waiting for? Really this is all about you finding the right technical-analysis software tool so you can trade with confidence! Let us help guide you.

They point out that while software (such as Tradecision or MetaStock) can help you with your trade decisions, there are some key rules that you must follow in order to ensure that you trade with a profit.

These include:

1. Maximize your profits, not the number of trades
2. Don’t risk more than 1-3% of [your] capital
3. Be patient enough to wait for good trades
4. Be patient enough to avoid closing a profitable position too early
5. Don’t tie yourself down with your “first-blush” opinion about a position
6. Immediately close your position when the initial conditions are disrupted
7. Make a decision about the stop level before entering a position
8. Cut losses early, protect profits with trailing stops
9. Return to a trend if your previous assumptions turn out to be wrong and the trend is progressing
10. Focus on big market moves. Don’t try to catch small, noisy fluctuations
11. Focus on price patterns and formations rather than the price levels or support-resistance levels
12. Make your own trading plan
13. Your trading method should be in sync with your personality
14. Maintain discipline to be able to strictly follow your plan and manage risks
15. It is only you who is responsible for your trading results. Don’t try to blame the market, your friends and brokers and so on

There are two cardinal successful stock market trading rules that I am sure you are quite familiar with by now.

The first of the two most common stock market trading rules are to cut your losses short. The second of the two most common successful stock market trading rules are to let your profits run. However, you can take it one-step further by fine-tuning your trailing stop losses, and becoming more risk seeking once your stock is in profit.

Increasing your risks, at the right time, can allow you to get all the profit you possibly can out of your system. You may wish to test the effects of these successful stock market trading rules by having a wider trailing stop loss than your initial stop, and see how this is reflected in your system.

For example, you could set your initial stop loss at two ATR (Average True Range) but set your trailing stop loss as three ATR. This allows the stock, once it`s in profit, a little bit more room to move. You`re still limiting your risk at the beginning of the trade by keeping a tight stop loss; however you`re going to become risk seeking in a profitable situation. That is to say you`ll be willing to risk more once you`re already in profit.

Personally, I think this is one of the many successful stock market trading rules you can use to take it a step further than most people are willing to go. With this strategy, I also mix and match my stop loss methods. For example, in one of my stock market trading rules, I set my initial stop loss at 2.5 ATR, but my trailing stop loss is calculated using a completely different method. I use what`s known as the lowest low stop. The way this stop loss works is you find the lowest low in the last X number of periods, and base your trailing stop loss on it.

Now, for that trend following system, I actually find the lowest low in the last 40 days. I then position my stop one cent below this low. It`s almost as though it`s consulting the price action itself by identifying where the lowest low is, and this can be highly effective. Many times my stop has been set one cent below a support line.

The way this trailing stop loss works is that on each day a new trading day is added to the chart, and one of the old days drop off. I then find the lowest low in the last 40 days, and reposition my stop at that point, if it needs to be repositioned. This stop has been extremely valuable for me, and it may be a stop loss that you may want to consider testing.

But, before you go looking for that perfect trailing stop loss, realize that in it`s own way, it`s very similar to the initial stop. There is no perfect stop that will guarantee to get you out of the stock at the perfect time, and save you the most profit.

Sometimes it will work for you. Other times it won`t. The real key and secret of having a stop loss and an initial stop do their best for you is not how you calculate it, it`s just having them in place.

You need to find an initial and a trailing stop loss that you`re comfortable with. You also need to understand how they work so that the actions they direct you to take makes sense to you. How do you find a stop that you`re comfortable with?

Test them. Pick out a whole lot of charts of stocks that you`ve been looking to trade, and marking where you would receive an entry signal, set various initial stops and trailing stop losses. Progress through the trade, revaluing your trailing stop loss and see which one works the best.

Often successful stock market trading rules are designed with simple concepts that works best at this point. When you base your system on understanding, rather than optimization, you are more likely to stick with it. If you can come up with a good, straightforward set of your own stock market trading rules, you will be able to apply it across a number of markets on most trading instruments. Really, when designing any system around a set of stock market trading rules, all components should apply to this same principle. You want to keep things as simple as possible, that way it`s robust and can be applied to any market. As long as you follow this underlying principle, you`ll be on the right track.

Forex Stop Loss | Forex Trading Tips

Free Forex Trading Tips: http://www.forexstrategysecrets.com I do not set my stop loss by a set number of pips, or at a pivot point, or a Fibonacci line. I set my stops where the Forex market tells me to set them. This forex tip has helped me improve my trading tremendously.

How to Trail a Stop Loss

Trailing your stops in commodities, futures, stocks and forex markets. From “Traders Helping Traders“.

This new edition includes more information about preparing your mind for the mental rigours of trading as well as more guidance on how to develop your own trading plan that you will implement with confidence.

** Includes a bonus CD with over 10 hours of multimedia training **

The foreword has been written by Daryl Guppy.

Click HERE to download an excerpt (PDF) NOW!

Review from Your Trading Edge

It is easy to understand why this book by Stuart McPhee is now in its third edition. Aimed at share traders, it is a great reference manual on the various aspects of operating a share trading business. There are specific chapters on many facets of trading shares, which need to be read and understood by every serious trader.

Two chapters on technical analysis and the use and understanding of charts and indicators provide useful explanations and interpretations of many of the more common of these trading tools. The book works through many of the concepts covered in most trading books. The big difference is that discussion is supported by many practical examples of the use of these concepts. They include entry and exit techniques, and the setting of stops, which is always important. The chapter on money management and risk is relevant and well presented, and provides a great introduction to these all too often neglected topics.

Click Here To Buy Now!

Chapter 10, “Developing your Mindset”, is very pertinent. It presents its material in a very readable and useable format, unlike the psychobabble of a number of other books that try to explain this extremely important topic.

The book is a great overview of the many aspects of successful share trading and should be read by everyone setting out on their trading career. The chapters on money management and developing your mindset are well worth reading by all traders, regardless of their level of expertise. It is a great reference book for those launching their trading business, and a healthy refresher for more experienced traders. True to its name, the book provides a great overview of the realities of trading ‘in a nutshell’.

As Seen In:

To claim your copy go to: www.TradingInANutShell.com,

By David Jenyns

When free is your idea of value for money, chances are… you`re either `dead broke` and too proud to admit it… or you`re an exceptionally resourceful type who hates their day job and could well be suited to a career in online stock trading.

For starters, you DON`T have to be in the Fortune 500 list in order to become wealthy from online stock trading. In fact, apart from your starting capital – which can be as little as `a few hundred dollars` – it`s entirely possible to build a sizeable stock portfolio on a shoe-string budget.

In today`s `Internet driven` world, you`re able to access vast quantities of data relating to every conceivable aspect of online stock trading… and a great deal of it`s FREE!

You`ll find discount commission brokerages, charting resources, technical trading tools, free market news sources and free analysis packages available. You can also register for free data feeds offering `up to the minute` pricing information about almost any given stock in the world – as long as it`s currently listed and currently trading.

You`ll note that I didn`t include trading forums or message boards amongst the range of resources available. Believe me…there`s a very good reason for this.

Over the past six to seven years, online stock trading fraudsters have infiltrated the forums and used them to post either false or misleading information about hundreds of stocks. This has led to unjustifiable price surges (often enabling the fraudsters to `sell out` and bag their ill-gotten gains before the prices falter and then plummet back to their previous levels). Not surprisingly, tens of thousands of shareholders have been financially burnt as a consequence.

In short… stay away from online stock trading forums and message boards. I liken them to a `toxic dumping ground for emotionally crippled small-time traders and shareholders who`ve little or no concept of what really determines price.`

Now, on a brighter note…it`s worth mentioning that major investment banks tend to house big stock research teams that cover stocks and their economic performances in great detail. In fact, investment banks are often your best choice when it comes to acquiring accurate and current online stock trading data.

If you`re interested, you`ve got nothing to lose by contacting (by email or phone) a representative from one of these investment banks and asking to be included in their mailing or newsletters lists. Not all such reports and newsletters are available for open online access.

Recommended Resources:

Technical Analysis of Stocks & Commodities  – http://www.traders.com

Ameritrade – http://www.ameritrade.com

E*Trade Financial  – http://www.etrade.com

Knight Capital Group – http://www.knight.com

Instinet – http://www.instinet.com

Stratasearch  - http://www.stratasearch.com

Big Charts – http://www.bigcharts.com

Chart Advisor  – http://www.chartadvisor.com

MSN – http://moneycentral.msn.com/investor/home.asp

In Summary:

With all the information you can find on the Internet relating to online stock trading, you shouldn`t have any problems keeping your initial costs down to absolute rock bottom. As your experience grows – along with your trading capital – you can always look to invest in select state-of-the-art trading resources. But for now…keep it lean and mean…and your online stock trading career will get off to a flying start.