If you’re involved in trading, or technical analysis these are names we’re sure you’re familiar with.

The experts listed above all use MetaStock for making their trading decisions. You have an opportunity to join them in Las Vegas on October 16th for 3 days of Intense MetaStock Training.

This includes a day of Live market trading which will be conducted by Rahul Mohindar!

The Experts

Rahul Mohindar, creator of the RMO and RMO ATM trading models, will teach how and when to incorporate the classic indicators into your everyday trading strategies. You will also learn how to master trading with the RMO and RMO ATM and how to detect counter trend “reversal” modes. Lastly, you will get to put everything Mr. Mohindar teaches you into action on Monday during the live market training session he is hosting!

Greg Morris, who manages $3.5 billion in assets using MetaStock, will discuss a phase of technical analysis rarely reached by most traders: money management. Decades of experience have convinced Mr. Morris that his methods work. You’ll be convinced too when you attend this powerful session.

Martha Stokes, co-founder of TechniTrader, will give you an intensive, hands-on training session to help you hone your skills at entering and exiting fast-paced trades. You will be actively involved in a simulated trade that will show you how to enter earlier and exit later for higher profits and lower risk.

Jake Bernstein, internationally known commodities analyst, author, trader, and financial consultant, will reveal the truth about trading, profits, and discipline. You will learn why so many traders fail due to the dangers of vague rules, the tyranny of “looks-like,” and the lack of clarity and discipline.

Kevin Nelson will kick off the 2010 MetaStock Conference, revealing new tips, tricks, and systems in MetaStock. Mr. Nelson will also teach you how to build your own custom indicator

For information on the experts, the event, hotel information and the schedule visit MetaStock.ca

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.

Online trading can be an easy, cost-effective way to manage investments.  However, online investors are often targets of scams, so take precautions to ensure that you do not become a victim.

What is online trading?

Online  trading allows you to conduct investment transactions over the internet. The accessibility of the internet makes it possible for you to research and invest in opportunities from any location at any time. It also reduces the amount of resources (time, effort, and money) you have to devote to managing these accounts and transactions.

What are the risks?

Recognizing the importance of safeguarding your money, legitimate brokerages take steps to ensure that their transactions are secure. However, online brokerages and the investors who use them are appealing targets for attackers. The amount of financial information in a brokerage’s database makes it valuable; this information can be traded or sold for personal profit. Also, because money is regularly transferred through these accounts, malicious activity may not be noticed immediately. To gain access to these databases, attackers may use Trojan horses or other types of malicious
code.

Attackers may also attempt to collect financial information by targeting the current or potential investors directly. These attempts may take the form of social engineering or phishing attacks. With methods that include setting up fraudulent investment opportunities or redirecting users to malicious sites that appear to be legitimate, attackers try to convince you to provide them with financial information that they can then use or sell. If you have been victimized, both your money and your identity may be at risk.

How can you protect yourself?

1. Research your investment opportunities – Take advantage of resources such as the U.S. Securities and Exchange Commission’s EDGAR database and your state’s securities commission (found through the North American Securities Administrators Association) to investigate companies.
2. Be wary of online information – Anyone can publish information on the  internet, so try to verify any online research through other methods before investing any money. Also be cautious of “hot” investment opportunities advertised online or in email.
3. Check privacy policies – Before providing personal or financial information,  check  the  web site’s privacy policy. Make sure you understand how your information will be stored and used.
4. Make sure that your transactions are encrypted – When information is sent  over  the  internet,  attackers may be able to intercept it. Encryption  prevents  the  attackers  from  being able to view the information.
5. Verify that the web site is legitimate – Attackers may redirect you to a malicious web site that looks identical to a legitimate one. They then convince you to submit your personal and financial information, which they use for their own gain. Check the web site’s certificate to make sure it is legitimate.
6. Monitor your investments – Regularly check your accounts for any unusual activity. Report unauthorized transactions immediately.
7. Use and maintain anti-virus software – Anti-virus software (such as F-Secure) recognizes and protects your computer against most known viruses. However, because attackers are continually writing new viruses, it is important to keep your virus definitions current.
8. Use anti-spyware tools – Spyware is a common source of viruses, and attackers may use it to access information on your computer. You can minimize the number of infections by using a legitimate program that identifies and removes spyware.
9. Keep software up to date – Install software patches so that attackers can’t  take  advantage  of  known problems or vulnerabilities. Enable automatic updates if the option is available.
10. Evaluate your security settings – By adjusting the security settings in your browser, you may limit your risk of certain attacks

The following sites offer additional information and guidance:

• U.S.  Securities and Exchange Commission – http://www.sec.gov/investor/pubs/cyberfraud.htm

• National Consumers League – http://www.fraud.org/tips/internet/investment.htm

_________________________________________________________________

Author: Mindi McDowell
_________________________________________________________________

Produced 2006 by US-CERT, a government organization.

Note: This tip was previously published and is being re-distributed to increase awareness.

Terms of use:  http://www.us-cert.gov/legal.html

This document can also be found at:  http://www.us-cert.gov/cas/tips/ST06-004.html

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“.

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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.

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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,

It’s weekly interactive forum for MetaStock users to meet and exchange strategies and ideas. The meetings discuss topics ranging from stocks, futures, FOREX, and options to any other current trading topics. The online users group will be hosted by various MetaStock and trading professionals.

It is held each Tuesday @ 6:30 pm MST (8:30 pm EST)

You can find out more by going to: www.Equis.com/customer/resources/usergroups/

Don’t miss this opportunity to learn from true industry professionals. This users group is a rare opportunity to learn from other MetaStock clients, as well as MetaStock experts… and it’s Completely FREE.

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Harness the power of the world’s most innovative trading platform with Nirvana Systems’ new VisualTrader Boot Camp Seminar.

This intensive three day VisualTrader training course will empower you to engage the market like never before. Whether you are a beginner or an experienced trader, this guided tour of VisualTrader will improve your trading skills immediately.

Day 1 – VisualTrader Orientation
Learn the mechanics of the VisualTrader interface and go for a test drive in the powerful VisualTrader Simulator. After a hands-on tour, you will hone your skills with a chart pattern session and learn best practices in money management. The day ends with a one hour live trading session where you can apply what you’ve learned.

Day 2 – Refining our Methods
We will dive right in and trade the markets live for the first two hours, using signals, patterns, transforms and trade plans. We’ll explore the fulcrum tool in this session and observe the phenomenon of Group Rotation. Apply what you’ve learned in a second live trading session, followed by a short review and progress report.

Day 3 – Graduation
It’s you vs. the Market on Day 3 – put your knowledge to work in a morning live trading session, followed by a mid-day review and course summary.

To see the complete seminar agenda go to www.visualtrader.com/VTBootCampAgenda

Seating is limited – REGISTER TODAY!