New York, NY, United States (AHN) – European stocks rose Tuesday from a two-year low while U.S. stocks showed little change in morning trades as investors look for any signs of progress in dealing with the euro-debt crisis.

Stocks were rattled worldwide Monday on reports that the chance of a Greek default has risen to 98 percent. In addition, most market watchers anticipate a European rescission in the next year, according to Bank of America’s survey of institutional investors in the region. Debt woes continues to push the euro lower.

Stocks in the U.S. were modestly higher before noon on Tuesday. Eyes are still focused on development overseas. Shares of Best Buy fell almost 7 percent on a steeper than expected 30 percent slide in fiscal second quarter sales.

Bank and tech shares gained in early trading and consumer staples slipped. Oil rose for the second day and gold was up about $2.

Uncertainty here and abroad has many investors sitting on the sidelines in a wait and see mode.

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New yorY, NY, United States (AHN) – Plummeting stocks welcomed investors in Wall Street on Tuesday morning after a long weekend amid speculation of a worsening debt crisis in Europe and a weakening United States economy.

Dow Jones dropped 239.61 points, or 2.13 percent, to 11,000.65. The Dow has been experiencing triple-digit losses in the past two trading days. S&P 500 dipped 25.14 points, or 2.14 percent, to 1,148.83, while NASDAQ struggled 45.72 points, 1.84 percent, to 2,434.61.

Banking stocks were badly hit on Tuesday’s opening: Citigroup was down 5.5 percent, Bank of America lost 5.4 percent and JPMorgan Chase fell 4.3 percent.

Steep losses in European bourses on Monday reached Wall Street triggered by worries on Europe’s capability to fix its debt crisis. Also, true recovery of the U.S. economy was in doubt as analysts expressed concern over a disappointing labor report on Friday that no new jobs were created in the country in August.

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New York, NY, United States (AHN) – Steve Jobs’ resignation as Apple CEO, speculation on Federal Reserve Chairman Ben Bernanke’s upcoming economic stimulus plan and rising claims for jobless benefits has weakened the United States stock market during Thursday morning’s trade.

The Dow Jones Industrial Average fell by 54 points, or 0.5 percent, at 11,266. The S&P 500 was down by 4 points, or 0.3 percent, at 1174, while the Nasdaq was minus 17 points, or 0.7 percent, at 2451.

Apple shares dropped 4.7 percent in pre-market trading. The world’s most valuable technology company makes up 3.2 percent of the S&P 500, 9.3 percent of the Nasdaq Composite Index and 15 percent of the Nasdaq 100. Halfway through the morning, Apple shares were losing 2 percent at $368.53, while rivals Google and IBM were gaining 2 percent and 1 percent, respectively.

Chief Operating Officer Tim Cook will succeed the cancer-stricken Jobs, who will become Apple chairman.

TiVo shares were up 13.1 percent to $9.18; Applied Materials dropped 2.7 percent to $11.05; while Diageo improved 3.7 percent to $76.46.

Investors are awaiting Bernanke’s announcement on new policies to pump up the world’s largest economy. He will speak in Jackson Hole, WY, on Friday.

Also impacting the market is a Labor Department report saying that the number of people filing for unemployment benefits increased by 5,000 to 417,000 claims as of August 20. This was the first time that claims rose unexpectedly compared with last week’s 412,000. The increase downplayed forecasts of a decrease of 8,000, to 400,000 claims.

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New York, NY, United States (AHN) – Steve Jobs’ resignation as Apple CEO, speculation on Federal Reserve Chairman Ben Bernanke’s upcoming economic stimulus plan and rising claims for jobless benefits has weakened the United States stock market during Thursday morning’s trade.

The Dow Jones Industrial Average fell by 54 points, or 0.5 percent, at 11,266. The S&P 500 was down by 4 points, or 0.3 percent, at 1174, while the Nasdaq was minus 17 points, or 0.7 percent, at 2451.

Apple shares dropped 4.7 percent in pre-market trading. The world’s most valuable technology company makes up 3.2 percent of the S&P 500, 9.3 percent of the Nasdaq Composite Index and 15 percent of the Nasdaq 100. Halfway through the morning, Apple shares were losing 2 percent at $368.53, while rivals Google and IBM were gaining 2 percent and 1 percent, respectively.

Chief Operating Officer Tim Cook will succeed the cancer-stricken Jobs, who will become Apple chairman.

TiVo shares were up 13.1 percent to $9.18; Applied Materials dropped 2.7 percent to $11.05; while Diageo improved 3.7 percent to $76.46.

Investors are awaiting Bernanke’s announcement on new policies to pump up the world’s largest economy. He will speak in Jackson Hole, WY, on Friday.

Also impacting the market is a Labor Department report saying that the number of people filing for unemployment benefits increased by 5,000 to 417,000 claims as of August 20. This was the first time that claims rose unexpectedly compared with last week’s 412,000. The increase downplayed forecasts of a decrease of 8,000, to 400,000 claims.

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New York, NY, United States (AHN) – IT firm Apple became the most valuable company in the world on Tuesday when its market capitalization exceeded Exxon Mobil.

Its market capitalization closed $363.69 billion despite a 2.8 percent drop, while Exxon was at $331 billion, which was the result of a 4.4 percent decline of its shares, which closed at $68.03.

Exxon held the top spot since 2005, which Apple became second in May 2010 when it overtook Microsoft.

One factor in favor of Apple is that it introduces new technology produces at an average of every three years, while Exxon has limited growth prospects because of its heavy reliance on oil prices and new oil discoveries.

Given its record, Apple – which launched the iPad in 2010 – would likely roll out another new gadget in 2013.

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New York, NY, United States (AHN) – The $9.6-billion merger of NYSE Euronext with Deutsche Boerse is one step closer after 96 percent of NYSE shareholders tentatively approved the deal on Thursday.

The stockholders hold a 65.7 percent stake in the American stock exchange. The results are still preliminary. NYSE will release the final tally of the votes on Friday.

Although NYSE Euronext Chief Executive Duncan Niederauer expressed some disappointment with the low turnout of shareholders, he was happy with the approval of the buy-in. However, he acknowledged that more work needs to be done to complete the merger.

It includes convincing Deutsche Boerse shareholders, who have until July 13 to cast their ballot, to approve the sale, and securing the approval of national regulators of the two stock markets.

As of Wednesday, 11 percent of the Deutsche Boerse shareholders have voted, but majority prefer to wait for the result of the NYSE Euronext vote before they cast their ballots.

For the deal to be approved, 75 percent of the outstanding shares in the German stock exchange must give their consent to the merger.

Although Nuederauer said that most of the Deutsche Boerse stockholders he met are in favor of the deal, some German labor unions are against the merger even if the German exchange will control majority of the seats in the combined company. Their opposition is over fears that the interest of the NYSE would be placed ahead of Deutsche Boerse’s.

The deal was proposed in February, although at one point, it appeared that the competing bid from New York rival Nasdaq might prevail, U.S. regulators rejected such a deal because it would be anticompetitive.

A similar buy-in was initiated in February between the London Stock Exchange and the Toronto Stock Exchange, but the planned merger collapsed after operators of the Toronto bourse failed to get the required number of votes, although majority of shareholders approved the buy-in last month.

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Toronto, Ontario, Canada (AHN) – Canada’s TMX Group would no longer merge with the London Stock Exchange Group.

TMX Group Chief Executive Officer Tom Kloet announced on Wednesday the cancellation of the proposed merger because of the failure to get achieve a two thirds majority vote of the TMX board for Thursday.

LSE Chief Executive Xavier Rolet said he was disappointed with the Toronto Stock Exchange’s decision since majority of the LSE board favored the merger.

Kloet added that TMX will instead study a $50 million per share offer from the Maple Group Acquisition Corporation, which is made up of 13 Canadian financial institutions and pension funds. The Maple bid is conditional on the TMX-LSE merger not pushing through.

Following the decision to cancel the merger, TMX said it will pay LSE a termination fee of $10.3 million and another $29.8 million if the Maple merger is completed.

Despite the cancellation of the LSE merger, Kloet said TMX’s business remains strong and will enjoy continued success.

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Makati, Metro Manila, Philippines (AHN) – New board members of the Philippine Stock Exchange sought the extension of trading hours into the afternoon to provide more opportunities for investors to participate in the local bourse trading.

PSE Chairman Jose Pardo said that the new board members agreed at the Wednesday board meeting to have afternoon trading to make local stock trading markets align with global markets. Pardo said rules governing the proposed longer trading hours will be drawn by a PSE committee in the coming weeks.

Current PSE trading begins at 9:30 a.m. and ends at 12:10 p.m. The proposal is to have two more trading hours in the afternoon, from 2:30 through 4:30 p.m.

The PSE actually approved in 2008 a resolution to have longer trading hours, but the stock exchange set aside the proposal because of the unfavorable business climate at that time. Three years ago, oil prices started to soar and in 2009 the global financial crisis hit Wall Street and spread to other financial hubs.

The 2008 proposal slightly differed from the current plan. The board then proposed resumption of trading at 2 p.m. until 4 p.m. The proposal included a 10-minute run-off period from 3:50 to 4 p.m.

It was initially set for implementation by June 30, 2009, at the latest. The afternoon transactions, however, were to be considered off-floor trading.

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There are many day trading strategies you can use to trade the forex market with. Strategies like scalping on 5 minute charts, trading breakouts, and relying on indicators are among the various strategies available too day trade forex with. There are literally hundreds of other strategies you can use as well, the hard part is finding one that works effectively and that you can learn without much confusion or frustration. The easiest and fastest way to learn a great day trading strategy is to learn one that has been used by a professional day trader to achieve consistent profits for a significant period of time. There is no sense in spending countless hours banging your head against your keyboard trying to invent a new trading method when there are already numerous ones in use by professional traders and mentors who are willing to teach you their own highly effective trading strategy.

The best way to learn how to effectively profit as a forex day trader is to get direct instruction from a forex trading mentor. If you go about learning how to day trade without the help of an experienced and professional trading mentor you will no doubt lose a lot of money in the process and experience significant amounts of confusion and frustration. A trusted trading mentor brings years of experience in using a consistently profitable trading strategy to profit in the markets. You can skip over almost all of the trial and error that generally goes along with finding or developing a profitable day trading strategy by obtaining instruction from a professional.

A good live trading room will allow access to the head traders trading screen and you will be able to see the trades they are taking in real time, as the trades setup and unfold. This is the most efficient and effective way to spend your time learning to day trade forex. Trading forex in a live forex trading room can be full of frustrating situations that you cannot foresee until you actually start trading. You can avoid most of these unforeseen frustrations, which usually lead to losing money, by learning a high quality strategy from a qualified and trusted professional day trader.

There is absolutely no substitute for being able to virtually look over a professional day trader’s shoulder as he or she explains what they are doing and the concepts behind their specific day trading strategies. You are getting a window into the brain of a professional day trader when you learn from a professional day trading mentor in a live forex day trading room. If you wish to set out on the proper path towards fulltime forex day trading success than it is highly advised you learn a profitable trading strategy from a highly qualified professional day trader that shows you their own personal trading screen and explains their strategies in real time trading situations. This is really the only way to ensure that you don’t lose thousands of dollars by making all the common trading mistakes that nearly every trader makes when attempting to learn how to day trade on their own.

Author: Sterling S
Article Source: EzineArticles.com
Provided by: Programmable Multi-cooker

Day trading has become a popular vehicle for (attempting to) create or maintain wealth. Every single day, thousands of new Day Traders emerge from the sidelines, primed and ready for action. They eagerly seek to learn day trading success strategies used by the Master Traders.

However, when a new or a struggling day trader begins to investigate and explore the world of Trading, in an effort to make their own dramatic entrance or to improve on their results, they are confronted by a world full of seemingly insurmountable challenges and obstacles.

But these new and/or struggling Traders don’t realize that MOST of these obstacles are myths.

And because they fail to recognize this, these new or struggling Traders typically fall prey to one of the 5 Great Myths of Trading:

1. Day Trading always requires massive capital accounts, both to learn, and then to execute a Day Trading Strategy.

It is true that in many cases you do need massive capital up front in order to step into the Trading arena, depending on where you learn trading, and what investment vehicle you choose to trade. But it certainly doesn’t HAVE to be.

In fact, it’s possible to secure an excellent Trading education AND fund a trading account with as little as $3000.

This is a little known fact among newbie Traders – they assume they’ll need to have at least $25,000 to open a trading account, on top of the $10,000+ they paid an “expert” to learn a trading system.

2. Day Trading always requires countless hours spent chained to your computer, staring at stock charts.

The stereotype of a Day Trader is someone who spends ALL DAY LONG glued to their computer screens, staring at stock charts, waiting for indicators to tell them its time to make a move.

And in large part, this stereotype is justified, because this is true of most Traders. These Day Traders will literally spend HOURS, if not ALL DAY LONG at their computers trading.

They use Trading as a means to escape the corporate rat race… only to find themselves in a J-O-B of their own creation.

But it doesn’t have to be this way. In fact, it is entirely possible to be an incredibly efficient and successful Trader while trading for just a few minutes a day – if you know how.

3. It takes months (or even longer) to learn and fully grasp a “successful” day trading strategy

Like the other myths, this one CAN be true, and IS true of many (most?) traders. The reason for this is most traders use technical trading systems and strategies.

The primary problem with these technically strategies is actually the topic of Myth #4 (to follow) – but suffice it to say that technical trading systems will take months to learn, and involved hundreds if not THOUSANDS of “practice trades” before you can possibly be ready to start trading “live” (i.e. with real money).

And when you DO go “live”, that doesn’t mean that you’ve fully grasped the trading strategy. In fact, it will be months or even years after going “live” before you likely have a firm handle on your technical trading strategy or system.

But like the other Great Trading Myths, it doesn’t HAVE to be this way.

In fact, it is possible to learn certain trading strategies and be ready to successfully implement them in a matter of weeks, or even DAYS.

If you know what these ultra-efficient strategies are, and where to find them.

4. You need a PhD in Advanced Statistical Theory in order to trade successfully.

This myth is a little bit “tongue in cheek”, but you no doubt understand the concept here. Many day traders typically employ a Technical trading style, which involved the use of statistical probability formulas and other highly complex technical indicators.

New traders see the level of complexity often involved with technical trading or “trend trading”, and are so intimidated by it that it keeps them from ever trying learn day trading.

Also, most people who try to learn technical analysis will struggle and eventually fail, because it IS so complex, and the technical indicators can often be very ambiguous.

The extreme complexity of technical trading systems may be the single biggest factor that prevents new traders from entering the Trading Arena.

5. You don’t need to learn how to trade from a professional – you can just teach yourself.

Of all of the 5 Great Trading Myths, this one runs the most rampant, and is responsible for destroying the overwhelming majority of trading accounts.

If there is one thing that new Traders need to understand, and that struggling or failed Traders understand all to well, it’s this:

You are going to have to pay for your trading education, one way or another. You can either pay to learn how to trade from a Professional, OR you can pay the Market.

And the market is a much more cruel, and a much more expensive instructor than nearly any Trading professional that will teach you how to trade.

Those Traders who want to try to “figure out how to trade” all on their own, with maybe the help of a book or two, will quickly discover that this is absolutely true.

The Market loves to dine on the trading accounts of inexperienced and uneducated day traders. Don’t let YOUR trading account become an afternoon snack for the Market.

When you are finally ready to learn day trading, explore the various options available to you before settling on any specific day trading system or strategy.

Author: Christopher Call
Article Source: EzineArticles.com
Provided by: Electric Pressure Cooker