Product Description
Getting Started: Self-Traders
Trading Tips
Rule #2. Use Low Leverage
Rule #3. Only Use Risk Capital
Choosing a Broker
Managed & Semi-Managed Investments
Look for a reputable broker
Live to trade another day… More >>

Getting Started in Forex or For The Experienced Trader

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Have you ever heard important stock news after the closing bell and wished you could buy or sell before the morning gap? Now you can. Using ECNs or an online broker that offers extended-hours access, you can trade stocks at night after the major markets have closed and in the morning before they open.

Trading before or after the bell is a convenient option, but it can be risky without the right education. In After-Hours Trading Made Easy, market experts Joe D… More >>

After Hours Trading Made Easy: Master the Risk and Reward of Extended-Hours Trading

Brussels, Belgium (AHN) – Britain is at risk of being fined up to $1.5 billion (GBP 1 billion) by the European Commission, the National Audit Office said Wednesday. The fines are part of financial corrections mandated by the regional authority.

The NAO said $597 million (GBP 398 million) had actually been paid and another $901.5 million (GBP 601 million) set aside for future payments.

When the EC sees financial management of European spending is not adequate, the commission slaps penalties by withholding money. In the case of U.K., the fines are mostly in connection with EU farm subsidy payments and regional development funds handled by the Department of Communities and Local Government.

Because of the hefty fines at a time when the United Kingdom is imposing austerity measures to reduce its budget deficit, a Conservative critic questioned Britain’s continued membership in the EU and suggested a referendum on the matter.

In late September, the EC announced a stiff new regime of fines and penalties for 16 eurozone nations to prevent a repeat of the sovereign debt crisis that battered the zone and almost caused the collapse of the powerful currency.

Among the national government acts that would be fined by the EU equivalent to 0.2 percent of a country’s gross domestic product are consistent violation of the euro rulebook, excessive levels of national debt or budget deficit and failure to control public spending.

The new fines would take effect in the middle of 2011. EC Commissioner for Economic Affairs Oli Rehn added he would propose a parallel system of sanctions on all 27 EU member-states.

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When annual health permit mailings go out to San Francisco restaurants next month, they’ll include something new: an explainer about disability access laws and tips on reducing the risk of being sued. The notice is part…

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Tired of getting no interest on your bank deposits? Well, there is an alternative. It will require moving your bank account. It won’t require taking any risk.

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Day trading systems, everywhere I look I see them on the internet. They offer huge profits with little or no risk but the fact is day trading simply loses money.

Ask any e-book seller for a track record to support their claims that their day trading system makes money and you will normally be met with a deafening silence.

They can’t produce one, because day trading is doomed to failure.

In theory, day trading sounds exciting and profitable:

Hopping in and out the market, taking a few pips here and there and overtime your day trading will make you huge profits with low risk.

This however is not the reality for the following reasons.

1. Currency price trends

Currencies are subject to supply and demand and are a reflection of the underlying health of a countries economy.

If you look at any price chart you will see that over the longer term trends can last for weeks, months or even years.

Shorter term moves tend to be random.

2. The shorter the data the less reliable it is

Let’s take an insurance company when they calculate your life insurance premium.

Ask yourself this question:

How much data do they use?

Do they calculate premiums based upon when say 10 people?

Of course they don’t.

They use hundreds of thousands or more, as the more people they use the more reliable the data is for their calculation.

It’s the same in currency trading:

You can’t anticipate what is going to happen in a day because you simply don’t have reliable data.

It’s common sense really.

Let’s look at another problem.

3. Volatility

Consider a snapshot day in currency trading

Trillions of dollars are traded – that’s a lot of money!

Traders are all trading for different reasons and it is literally impossible to calculate what volatility or price movement will be in a specific day.

Day traders make the mistake of thinking they can.

Stops take them out the market when they least expect it, as volatility rears its ugly head.

Day trading creates risk

Day traders like to talk about restricting risk, but they actually create it for themselves, by trading with stops that are to close guaranteeing they will lose.

On the other hand, they restrict their profits.

The idea is to take profits quickly and move on.

Let’s look at the day trading equation:

High chance of being stopped out + never run profits = loses

The way of course to make money in forex trading is:

Run your profits to cover your inevitable losses.

This is a fundamental rule of trading!

The acid test

Finally, day traders remind me of the old Burger King advert.

When they were looking at McDonalds burgers and insinuating they had less beef than theirs.

“WHERE’S THE BEEF?”

Was the memorable phrase and to be fair McDonalds burgers, at least they had some!

Ask a day trader:

“WHERE’S THE PROFIT?”

And you won’t find any!

Thinking about it

That e-book I was going to buy offering me huge profits for just $99.00 – Might have a Big Mac and fries instead its better value and I get change to.

Do you want to Discover How To Safely Average $643 a Month For Every $10,000 Invested?

Join me This Thursday, January 7th at 9pm EST, join me for a free session with an ex $50 Million dollar fund manager when he reveals the secrets professional money managers use to:

- Risk 1-2% per trade and still make great returns.

- Instantly remove 95% of your trading emotions (as you know, fear and greed are the successful traders’ enemy) with two simple tricks.

- He’ll also show you how to reduce risk using his unique position sizing technique:

- A combination of a percentage risk stop and a technical stop.

- Plus an advanced tip using this concept that can instantly double your returns regardless of what system or markets you trade.

- He explains why trading is not a “zero sum game” and what this really means for you.

- How you can make profitable trades in only 10 minutes per night.

- Plus how Warren Buffett, Jim Rogers and others became great traders and investors.

- And, what the “gurus” selling hype trading courses are hiding from you and an easy way to spot a counterfeit “trading teacher” from a mile away.

- Much more.

Sound like a good use of an hour of your time? I hope so… in fact, since this invitation is going out to over 232,322 people and we’ve only got 700 seats, I’m sure it’s going to “sell out” even though it is free.

So, if you think you can make it, go ahead and click here to reserve your spot.

==> http://www.etftrendtrading.com/cmd.php?af=1114687

He will share a little of his story, but most of the hour will be spent showing you how to improve your trades. I like to share valuable information with my subscribers and this is a great opportunity to learn from a pro – for free.

He told me the other day that he could take even an average breakeven system and turn it into a profitable one by changing the money management and position sizing of the trades.

Now, what if you do that, on top of having a great system? You get long term consistent results; that’s what.

To hear it straight from the expert, go ahead and click here to register.

==> http://www.etftrendtrading.com/cmd.php?af=1114687

I look forward to seeing you Thursday night.

Rob Trader – Forex Expert
http://tradingtoollist.co.cc/

Article Source:http://www.articlesbase.com/day-trading-articles/how-the-pros-make-more-money-with-less-risk-1666943.html