The Benefits Of Forex Trading Systems

Before you stake your preference on either system, let us take a closer look at the benefits and concerns of It is discretionary because you can choose what factors to use when deciding to buy or sell currencies. The Discretionary Trading System, on the other hand, involves using your experience, intuition, and judgment. First, you have the Mechanical Trading System that works off the premise of technical analysis.

However, there are now two Forex trading systems that can help you with this exciting vocation. Today, Forex trading is a popular form of investment for many people, and many of them do not have experience or training in short-term trading.
each system.

The first major benefit of the Mechanical System is you can automate this system and back test it when you need to. However, it does have rigid rules you will need to follow. This is a great system if you want to keep your emotions in check as you decide on your trades.

On the other hand, the back testing feature is great only if you know what you are doing. This means you can back test and produce wrong information for trading. You can, however, subscribe to a tick data service to ensure you have the correct information. This also means paying for the extra service.

You also have to keep your technical analysis uptodate. Not all the equations will change in a day or two, but in one year, or two years market conditions will have changed many times. If you keep using the old equations, you will get the same results that were applicable when you first bought the system.

But the mechanical system is the one for you if you just want to know when to enter and exit the market with your trades.

Now, let us look at the discretionary system. The great thing about this particular Forex trading system is that is easily adaptable to new market conditions. This works well for the constantly changing Forex market and is a major advantage over the mechanical system. Also, as you use the Discretionary system for some time, you will get to know how to interpret easily the buying and selling signals. This means you have a higher likelihood of profitable trades.

Your concerns would include your inability to either back test or automate the discretionary system. After all, how can you automate your habits, judgments, and aha moments. If you could, you would not trade but sell your system for profit.

Though, in the early stages of trading, you could expose yourself to risk because of ignorance. But once you get it right, you are well on your way to big checks from your broker. Some people have spent many years before they can master this aspect of trading. It also takes time to gain experience, as well as develop a successful trading strategy.

On the other hand, if you prefer using your emotions and experience, the Discretionary System might suit you better. You may have a better edge with the Mechanical system if you can follow instructions well. You need to decide one or the other based on your personality.

There you have a brief analysis of the benefits and concerns of the two Forex trading systems.

7 Elements for BetterTrades

However, it took me years of study, mistakes and the school of hard knocks to get to where I am today - a world known successful trader. The excitement of hope for a better life, the power to control your future at your fingertips, and the awe of finding out you can trade with a strategy is so awesome when you see first see the light. I will never forget what it was like to be brand new!

Lately I have had a lot of new traders in my online webshops.

I am going to break each one down for you, and let you know what I have made available to help you speed up your learning process light years ahead of what it took me. In reviewing what has made me successful, I have come up with seven things I did that were critical elements to me becoming a successful trader.

ONE
EDUCATION


I took the time to educate myself (and I made sure I learned from successful traders). It amazes me how many students say they are serious about trading, but they don't treat it like a business or college education. If they only knew how powerful the market can be financially, they would take the time to LEARN everything they could before they EARN.

I have often used an example of a brain surgeon. A brain surgeon would never get away with saying "let me just do a few brain surgeries and then I when I have made enough money I will go to medical school". No serious income producing profession works this way. You study, practice then do business. Why would the stock market be any different. And here is a secret" the stock market pays so much BETTER than most highly paid professions do!

Please don't put the cart before the horse. Take the time to learn, so you can properly practice, then you will be ready to do real trades. If you have to deal with a spouse or significant other that wants you to make money before this process, sit them down, look them straight in the eye and talk from your heart. Explain this is really important to you, then tell them the benefits (what 's in it for them) once you can make money trading. Explain to them that it is necessary to do this right, and how you need to treat it like a business or a college education. Trading before you are ready is backwards and very costly. Most businesses don't even break even for a profit the first three years, but trading can pay off fast if you study quick and hard, and perfectly practice first. I studied and practiced for two months, before I did my first real trade.

TWO
TRADING TOOLS


Tools are critical! Set yourself up with the right trading tools you need to be successful. Just like starting a business or going to college, there are costs involved. For trading, the costs are so small compared to years in college or opening a new business. There are basically three tools you need to trade properly.

1.
A charting program I use TRADE NAVIGATOR
2.
A research site I use THE DEDICATED TRADER
3.
Real Time Data I use REAL TIME MARKETS
(intra-day charts, stock & news alerts)


It is easy to make an excuse and short change yourself to skip a tool or two, but it only comes back to hurt you. Practicing without the right tools makes for bad practice, and this is one situation where I see a lot of "wanna be traders" mess up. They skip the tools to cut costs, but they can't trade right without them. What often happens is they lose their money and quit trading permanently. If you really want to make trading work, invest in yourself and set yourself up to win with the right tools. Trust me - YOU ARE WORTH IT!

THREE
Pick one strategy and Perfectly Practice


You must pick one strategy, and PERFECTLY PRACTICE it before you use real funds. I just wish, for all of you new traders, that you did not have a dime to trade with. Why? Because then you would be forced to PRACTICE! I know many of you are cheating and trading real money right now and you are not ready too!

Here is what I know, and have witnessed over the last 7 years of teaching students how to trade. If you practice trading with real money, you will likely lose it learning, and lose it FAST. When you are new, you think you know what you are doing but you DON'T and you are DANGEROUS! At this point most people who have lost their money just give up and go back to working hard for a living.

If instead, you practice perfectly first, you should get to the point that you are so excited you can't stand it. Bottom line, when you know you know it works" because you win all the time, it will drive you crazy. It is just not fun spending pretend money, so at this point, you will find a way to get money! You will sell something, get a second job, whatever it takes, because you know beyond a shadow of a doubt trading does work! It is at this stage you are actually ready to start trading with real money and not a minute sooner! Get the proper education, perfectly practice first and then you will have the solid ground critical to become the successful trader you want and deserve to be. All I can say, is make it work, because you WANT my lifestyle!

FOUR
Use a PROVEN TRADING SYSTEM


A strategy alone is not enough! You must have a proven system to trade a strategy successfully. The system must:

Record your trade in writing
Be your back up brain
Alert you to entrance and exits points in real time data
Have safety nets in place
Include insurance for any trades you stay in overnight
Keep you on track with your trade, al all times and in all places
Must be easy to use



I teach you this POWER SYSTEM in my LEAPS two day class, also available on DVD'S. This system is my simple secret weapon, to powerful trading. Call 1-800-346-9039 for details and pricing (or for anything I mentioned).


Here is what Normal Griffin of Weimar, CA had to say about my system after years of struggling with trading:

From using Darlene 's
SIMPLE SECRET WEAPON
her proven system from her LEAPS CLASS

I went from
one out of five
to
four out of five
winning trades
And it gets better" I now make
four times as much money
on each trade"
[and my trades that cost money
cost so much less then they use to!]


FIVE
LEARN HOW TO TRADE THE MARKET


It is critical that you learn how to actually trade the market. It is not enough to just pick a strategy, and have a system. You also need to understand how to trade the market itself!

This may be a new thought process for many of you, but basically the market in and of itself is an amazing animal. Understanding how the market works will allow you powerful entry and exit opportunities. There are tips that you need to learn and use for profitable entries and exits in and out of your trades. Things I teach in my Q 's class such as the first and last hour secrets, and trading indicators. These are trading opportunities you can't afford to miss. They help you to see when a trade is not good to enter, how to know when there is no need to panic on a trade you are in, and to fine tune your trigger finger to exit fast when it is critical turning point in your trade. I have had seasoned traders who have been trading for years tell me that they can't believe they ever traded before without this information. They basically said they were trading blind and didn't even know it.

My LIFESTYLE TRADING THE Q 's class live (or DVD 's ) is all about teaching you how to trade the market. I just wish someone had taught me this when I was learning. It took me over 8 years to learn this, and now you can learn it in one day and be up and running for huge profits light years ahead of what it took me.

SIX
PROSPERITY


Take the time to study prosperity. If you want to be financially solid, and you are not' take the time to find out what has been holding you back and fix it fast! A great place to start is reading the book:

THE DYNAMIC LAWS OF PROSPERITY

It does not matter how great your strategy is, how useful your trading system is or how good you are at understanding the market" if deep down inside you feel you don't deserve to be wealthy, you are not going to be able to be successful at anything, including the stock market. This type of a program running in you will sabotage your success every time. This book was a major turning point in my life and success came so fast after I realized I DID DESERVE TO BE WEALTHY!

SEVEN
FORM A MASTERMIND TEAM


A very important proven factor that financially successful people do, is they set themselves up with a team of like-minded people.

You need a mastermind team to be successful at trading.

This is a group of people you keep in contact with, that trade and can be supportive (versus friends that laugh at you and think your stupid trading, and tell you that you will lose your money).

I have a group called Darlene 's TRADER TALK that meets twice a week, we talk about trades, market conditions, and everything about the market. It is very powerful. I can hand hold and help you in these classes until you are ready to be on your own, but even then many students stay for the mastermind team of it.

I hope you use this information for direction you need to take in your trading. If you are lacking in any of these seven areas I encourage you to step up to the plate and dare to make trading work! I think one of the hardest things about trading is just to commit. Once you have decided you are serious about trading, it become easy to treat it like a business and the results will follow fast!

I look forward to seeing you soon in one of my live or on-line classes. Hang in there, and never give up. If you need help reach out and get it and learn from your mistakes. Remember though"

EXPERIENCE IS A GREAT TEACHER"
AS LONG AS IT'S SOMEONE ELSE'S EXPERIENCE



Happy Trading,

Darlene with BetterTrades

Forex Trading - Should You Invest?

Forex trading does involve other assets along with money, but because you are investing in other countries and in other businesses that are dealing in other currencies the basis for the money you make or lose will be based on the trading of money. Forex trading is all about putting your money into other currencies, so you can gain the interest for the night, for time period or the difference in trading money all around.

What happens in one market will have an effect on the other countries forex markets, but it is not always bad or good, sometimes the margins of trading are near each other. Constant trading is done in the forex markets as time zones will vary and the markets will open in one country while another is near closing.

A forex market will be present when two countries are involved in trading, and when money is traded for goods, services or a combination of these things. Currency is the money that trades hands, from one to another. Often times, a bank is going to be the source of forex trading, as millions of dollars are traded daily. There is nearly two trillion dollars traded daily on the forex market. Should you get involved in forex trading? If you are already involved in the stock market, you have some idea of what forex trading really is all about.

The stock market involves buying shares of a company, and you watch how that company does, waiting for a bigger return. In the forex markets, you are purchasing items or products, or goods, and you are paying money for them. As you do this, you are gaining or losing as the currency exchange differs daily from country to country. To better prepare you for the forex markets you can learn about trading and purchasing online using free 'game' like software.

You will log on and create an account. Entering information about what you are interested in and what you want to do. The 'game' will allow you to make purchases and trades, involving different currencies, so you can then see first hand what a gain or loss will be like. As you continue on with this fake account you will see first hand how to make decisions based on what you know, which means you will have to read about the market changes or you will have to take a brokers information at value and play from there.

If you, as an individual want to be involved in forex trading, you must get involved through broker, or a financial institution. Individuals are also known as spectators, even if you are investing money because the amount of money you are investing is minimal compared to the millions of dollars that are invested by governments and by banks at any given time. This does not mean you can't get involved.

Your broker or investment advisor will be able to tell you more about how you can be involved in forex trading. In the US, there are many regulations and laws in regards to who can handle forex trading for US citizens so if you are searching the internet for a broker, are sure you read the print, and the information about where the company is located and if it is legal for you to do business with that company.

For more information and resource links on FOREX visit:Free Forex Training

You Can Make Money With Penny Stocks

I will now outline for you what you need to know about penny stocks and how to find the best one in which to invest. I, on the other hand, think that investing in a penny stock before that company becomes profitable company is the best way to invest, because you can make a lot more money with penny stocks than would ever be possible with blue-chip stocks. Most people consider penny stocks to be a poor investment.

But, generally speaking, a penny stock is any low-priced security that trades on one of two exchanges; the Pink Sheets or the OTC Bulletin Board. Regulatory agencies sometimes classify them as a stock with a price below $2. Stockbrokers define them as any stock that trades below $5 per share.

Penny stocks are defined differently depending on who you talk to.

The Pink Sheets are an exchange where most startup companies first get listed. There are no listing requirements to be traded on this exchange. A company does not have to have any sales, nor does it have to reveal how many shares outstanding it has to qualify for the Pink Sheets.

The reason why a company tries to get listed on the Pink Sheets, even though their stock will not go up in price because they have no sales to speak of, is because it gives their company more substance and credibility; it is typically easier to attract additional capital, obtain financing, and execute contracts and agreements if a company is publicly traded, even if it is on the Pink Sheets.

Also, it is easier to get transferred from the Pink Sheets to one of the larger exchanges than it is to go from being a private company to hopping directly on to one of the major exchanges, such as the NASDAQ or NYSE. Companies listed on the Pink Sheets trade as ridiculously low as $0.00001 per share, all the way up to $500 per share and sometimes beyond. Foreign companies often have some of their shares sold in the United States by listing them on the Pink Sheets.

The OTC (Over-The-Counter) Bulletin Board is similar to the Pink Sheets. This exchange consists of relatively young companies either with no sales or a small amount of sales. Companies listed on it are sometimes fully reporting (meaning that they reveal how many shares they have outstanding and what their balance sheet looks like). Often, companies go from the Pink Sheets to the Bulletin Board once they are ready to become fully or semi-reporting.

Most publicly traded companies that are now listed on one of the major exchanges (NASADAQ, AMEX, NYSE), at one time or another, were penny stocks listed on the Pink Sheets or Bulletin Board. Rarely does a company go from being private directly to one of the 3 major exchanges. Google is a rare example of a company that was able to do that, because they were so successful so quickly. But, most companies have to pay their dues and edge their way up from the penny stock exchanges to the bigger ones.

So, investing in penny stocks can be an excellent investment because some of these young companies will one day be worth a fortune. The hard part is finding the right company to invest in, because for every successful startup company, there is also one that fails within the first year or two.

To find the right company, there are a few things you need to look for. Number one, you need to do some research and try to find out how many shares the company has in its float. The float is the number of shares that are currently being traded. Companies listed on the Pink Sheets usually do not officially report this number to the public, but with a little research, you can usually find out. It is usually contained in articles written about the company, or in TV or radio interviews with company officials that are sometimes archived on certain websites.

You can also look for the information on message boards or forums where stock traders chat with each other. Simply do a search on Google and read every article ever written about the company, and you will likely find out about their float. This is important because you do not want to invest in a company that already has something like 500 million shares in its float. Companies with this kind of share count are likely having problems moving forward, so they have issued more and more shares to raise money just to stay alive. You want to look for companies that have approximately 5 to 100 million shares in their float.

Other things that you should look for in a new company are barriers to entry, patents, and consumer demand. Here are the questions you need to ask yourself when analyzing the probability that a company will be successful:

1) Barriers to Entry: Are there are obstacles that will make it difficult for the company to sell its products or services?

2) Patents: Is the product that the company is going to sell patented? A patent will prevent other companies from producing the exact same product.

Sometimes a company has a great new invention or an exciting technology, but if it is not something practical that consumers are going to want or need, then it does not matter how great it is. 3) Consumer Demand: Will there be a demand for what the company is selling?

Just make sure you do your homework before you invest and you should do extremely well. The earlier you get started, the more money you can make in the long run. Try to set aside some money for investing in penny stocks and start while you are still young.

How To Trade Successfully In The Forex Market

This article talks about the Forex (Foreign Currency Exchange) Market and lists key elements needed to make money effectively. Some have done their homework and still received the short end of the stick, but the vast majority who turn what looks like a good investment into something that a savvy investor can smell a mile away, more times than not haven???t done their homework. The investors and speculators I???m referring to have sunk good money into investments and lost it within days, weeks or months. There are a lot of investors who have made some really questionable trades when everything looked so good.

To trade successfully in the Foreign Currency Exchange (Forex) Market, there are certain principles that must be adhered to at all times.

Liquidity is Key:

Believe me; I know from personal experience how to lose good money after bad???as do many in my family. I keep telling myself it must be genetic. One way to really get yourself in deep is to play the pink sheets, also known as penny stocks. These are the stocks which typically have very low trading volume each day and if you have enough shares it is nearly impossible to trade them without severely affecting the price of the stock. And the more volume you trade the more you begin to affect your own price whether you are buying or selling. Needless to say, I have crossed those investments off my list as of a few years ago. They just don???t have the liquidity you need to give yourself an advantage. Sure, you can find a needle in the haystack, that one in a million stock, but for every successful penny stock, thousands go under or don???t return much if any on your investment.

This brings us to the Forex Market. What better market to get the best liquidity possible. With my days of trading penny stocks, complete with their thin trading volumes, over, I am naturally attracted to trading which takes place in an arena where the definition is liquidity. When a trading arena is liquid, you can always trade your investment without affecting other positions you want to buy or sell. You don???t have the problem like you would trading penny stocks where a small move here or there dramatically affects the price of the stock you are trading. The Forex Market is too big and too many governments, organizations, funds and individuals participate.

Perfect Your Strategy:

Some of the most successful Forex Trading occurs when a person perfects their strategy and executes it to perfection each and every time based on the core belief that their strategy is the best for them. It takes practice to perfect a strategy, but most successful Forex Traders have one. They don???t simply jump on every new ???potential strategy??? or ???tip??? that comes along. From time to time it is good to try new aspects of other strategies to see if you can improve on a good thing, but to know your strategy inside and out and be able to duplicate it makes all the difference. A good rule of thumb to use is when you aren???t sure of a trade, do nothing. Don???t trade if you are not positive it fits your strategy. It also helps if you concentrate on one market at a time. Like the old adage, you literally don???t want to be a ???Jack of all trades and a Master of None???

Go Long:

Trading successfully in the Forex is about longevity. The longer you can keep trading the Forex, the longer you have to perfect your strategy and the longer you can stay in the game. It reminds me of craps when I occasionally have time to play. I have friends that can blow through $1,000 in an hour or two and then they have to take the rest of the day off so they can have enough funds left to try it again another day. I take a different approach. I can survive all day long on $500 and most of the time I can double or triple that amount and be able to stay at the table all day if I want. It is both entertainment and profit that I am after. If I stay entertained longer, I have the chance to make more money.

It can really get in the way of successful trading. Many of us don???t want to admit defeat, but it is necessary to be successful. You should always check your pride at the door when trading any market. Getting out of a losing position takes brute courage, but you will thank yourself for getting out quick if the position is not going the way you would like.

Fight the urge to get out of a position when it makes you a quick profit. Let your profits ride and you will be more successful. And speaking of profit, you will want to remember to keep your profitable positions for a longer time than you keep your losing positions. to increase your education and perfect your strategy, the more you will profit from it. The longer you can ???hang in there???

The point I am making is this: Staying power is key with any investment. strategy and I don???t try every new one that comes along in the multitudes of craps books that my friends read. The reason I can last longer is because I have perfected ???My???

As long as you stick to your strategy and make sure you let your profits ride and cut your losses, you will become successful in Forex Trading. With the tips and thoughts above, hopefully you will feel right at home trading the currencies of the most powerful nations in the world. Foreign Currency Trading (Forex) Trading is exciting.

Forex Trading Psychology

First fatal psychological mistake.

In such situation, most Forex traders seem fearless, not fearing making losses and only worry that others are making profit and worrying that they must enter or lose money. As new financial data is published, most Forex traders will rush to be first to enter the market. Following blindly is the most Forex traders' fatal psychological weakness.

There are many Forex traders who watch the Forex chart closely, and will enter a market when the chart show a steep movement. They don't even take time to understand what are the forces causing movement. It may be too late when they finally realize that it is a false alarm because they are already in the losing position.

When it comes to trading, one of the most neglected important subjects are those dealing with trading psychology. Most traders spend lots of time trying to find that perfect system. But having a good operating system is just a small part of the game. It is very important to have a system that well suits the trader, but it is as important as having a money management plan, or to understand all the psychology barriers that will affect the trading decisions. In order to succeed in this business, there must be an equalness between all important aspects of trading.

When you lose a trade, what is the first thought that pops up in your mind? It would probably be, "There must be something wrong with my system", or "I knew it, I shouldn't have taken this trade".

FOREX trading is pure volatility and 80% of all trades do not last more than 2-3 days. Most of them become daytrades. It is easy to accept that conditions can and will change in a heartbeat, rendering most trade plans obsolete.

One principle is about cutting your losses at an early stage. Some traders want to believe that their losses might do well after a lenghty waiting time. More than likely the market moves against these non-profitable positions and make them lose hundred of points. Even if they rise again they will be unprofitable. Do not be caught up in the thought that every trade should be profitable. If you can profit from half the number of your trades you are on the right track. If you would like to get even and profit if only half of your trades are winners is to allow your winners to run and to minimize your losses.

Another principle is playing smart by not letting your emotions rule in trading. Be objective with your decisions. While in the market,be sensitive enough to see the factors that may have influenced the changes that worked against the original analysis you had worked out.

Expect the unexpected,both good and bad. Understand these happings, be prepared, and take the appropriate actions. A good psychology plan takes into consideration that you can not predict what is going to happen in the market.

Unless you're trading in short positions, only increase your position when prices goes up, not down. Generally, when a price starts to move it usually continues in that direction for a while.

How to Handle a Losing Streak:
|
Plus, your trading account won't be drawn down so quickly.If you trade less you may discover why you are not successful. Follow those fewer trades more closely and document your success or failures more easily. If you are trading several currency markets and not having any success, cut back to trading one or two markets. Don't overtrade.

Research those programs and your money will probaly go further. There are many automatic Forex Trading Programs available.

Where To Find A Good Forex Trading Education

Exchanges are done through electronic network and the whole world participates in the trade. Unlike other financial market, the Forex market doesn???t have a centralized location. Forex or Foreign Exchange is the most liquid and the largest financial market in the world.

As with most trades, to make a profit in Forex, you need to consider in order to successfully make some profit out of this very liquid financial market. Forex trading involves buying and selling of different currencies.

Forex trading can really give you a chance to earn large amounts of money. In fact, people who traded in Forex became instant millionaires almost overnight. However, you need to realize the fact that aside from the earning potential you can get when trading Forex, there are also risks involved and many people suffered huge financial losses trading in Forex.

This is why it is important for you to get an education on Forex trading. You have to get a proper education and not just a crash-course-read-articles kind of education.

In most business schools in the United States, there are courses that specialize in trading in the financial market such as Forex. These schools can really give you that proper skills and knowledge you need in order for you to successfully trade in the Forex market. Not only that. Getting a proper education from good business schools about Forex prepare you when you enter the Forex market to trade.

A good Forex trading school will educate you on how to read charts effectively and how to spot trends. Since knowing how to read the Forex market charts can give you an idea on where a particular currency is heading, you will have an idea on which currency you want to buy and sell. Knowing how to read the charts is one of the most important skills you need to have when you enter the Forex market. This skill will substantially minimize the risk of losing money and maximize the chances of earning.

As much as possible, you should look for a school that offer real-time trading with dummy accounts and real accounts. Since the best teacher is experience, schools should require you, as their students, to set up dummy accounts for practice and also real funded accounts to trade currencies in the actual Forex market. However, the real funded accounts should be in mini Forex accounts to avoid risking and losing a lot of money in case you made a mistake in the trades.

Another benefit that you can gain if you trade in real or dummy accounts for practice is experience. Once you enter the Forex market, you will have a better idea on how Forex markets work. The school should also have different trading systems to allow you to choose which trading system you are most comfortable with. Also, you will get a first hand feel on how to use these systems and avoid making mistakes in the real world.

Since trading Forex today is widely available for all kinds of people with a computer and an active internet connection. Most people don???t realize that Forex requires you to have skills and considerably, a high amount of money to invest. Forex doesn???t guarantee that everyone will win; you should know that Forex is a very risky financial market to invest in and having the proper knowledge and skills is essential for your success in trading in the Forex market.

You should know about the risks involved in Forex and you should also know that many people have suffered financially because they entered the Forex market without having the knowledge and skills required to be successful. Therefore, it is very important for you to get the proper education first before you enter the Forex market.

Always remember, with the proper knowledge about trading Forex, the better your chances will be to profit in this financial market.

Look for the things mentioned above and you can be sure that you will obtain all the things you need in order to start trading in the Forex market. There are different schools available that teaches all about the basics in Forex and allow you to experience trading in Forex with a trial account.

Portfolio Sabotage and Better Tardes

It sure makes me grateful for my many blessings and how every day is such an incredible gift to never take for granted. It is just unbelievable to see what these people have been through and how much it is still effecting them today. I am writing this as I am sitting here at the airport in NYC, after an incredible private tour of GROUND ZERO, from someone who experienced it first hand.

Then on the other end of the spectrum there are students that have lost all of their portfolios in this bear market, taking themselves out to the game altogether. I was honored to spend a little time with a group of traders on Long Island recently, and I was sad to see how many people are paralyzed to trade and have pulled their money out of the market just plain scared to trade.

It just amazes me how students seem to unconsciously sabotage their trades by avoiding the simple tasks that can protect their portfolios. I have been listening very carefully to students, trying to see what it is that is stopping them from trading or causing them to let a trade go too far the wrong way that the end result is a loss of all their trading funds. From the last few months of gathering these comments and pondering them, there seems to be a number of issues around this thought process and I would like to address some of them in this newsletter.

First, my old basic comes to mind, that when in doubt go back to practice trading. Even though I do real trades with money, I daily track and do practice trades. What I have discovered is that serious traders are always doing practice trades. It seems only the new and not quite committed traders tend to avoid this important work - work that pays big benefits.

No matter how much money you have, there always seems to be more trades you can do.

What I have been able to enjoy, is to practice all the trades I would like to do, and follow the stock and the option to see how the prices are working. Then when I come out of a trade and have the cash for the next trade I know the heartbeat of the stock (and the option) to better trade that stock. This is very powerful, and leads to some great trading. The problem is that even though practice trading is easy to do, it is just as easy NOT to do! NOT practice trading is what stops people out of the game, and it is the one thing that can build back your confidence to put you back in the game. Once you see the real value for practice trading you should come to the conclusion that is does have incredible benefits and power.

Practice trading is very simple, just pretend you are really doing the trade, write it down, but do not place a real order. Set a price to exit at a profit and at a cost, and follow up with the trade to see how you did. Assume you buy at the ask and sell at the bid.

The easiest program to use for practice trading is the ETA software with Chart Navigator. It actually allows you to pull up the option chain and transfer the option (or stock) right into a practice portfolio. The neat thing is every time you download your charts it downloads your practice trades to see if it met either of your exits, forcing you to complete it. You can order this program at 1-800-346-9039.

One of the biggest problems I feel, is many students want to practice trading with their money. They are so eager, but this is a critical error in judgment. Practicing with money has not been a good choice in most stories I've heard. If you lose your money from practicing with it, and don't have the knowledge to trade properly when the money is gone then you have nothing left and most will give up and go back to the very thing you desperately wanted out of your job, or whatever is stealing your time freedom!

Bottom line, I wish people did not have a dime to trade with when they are new to the market or have lost their confidence trading! If you were forced to have to practice trade, because that is all you can do, I truly believe that once you have practiced to the point that you really know what you are doing - so bad you can taste it you will find a way to get the money to trade. You know the saying "when the student is ready the teacher will appear"? Well, when the student has practiced so hard that they really know what they are doing and they want to trade so bad - I believe the money will appear!

Next, I really think that it is impossible to be successful trading, if you have any issues with wealth. No matter how good you are at practicing, analyzing and picking trades, if you feel you don't deserve to be wealthy (conscious or subconsciously) than you will find a way to sabotage your success. A lot of students do this by not using simple stops to protect their funds if a trade goes wrong.

It seems we all know to use stops, but I think a large percentage of traders just plain old don't do it! They get busy and don't write it down, or write it down and ignore it. Perhaps they used a real stop loss, and got stopped out needlessly so refuse to use stops because of that but if you had a car accident, you wouldn't quit driving would you? Then don't do that here. I use alerts instead of real stop losses to overcome needless stops out of trade. Anyway, back to this wealth thinking, for whatever we might think the reason is I feel the reason could be deep seeded and have to deal with our self-esteem and ability to realize our right to be wealthy.

I use to have a CD series out called ATTITUDE IS EVERYTHING about trading in the stock market. It has since been retired, but I got so many incredible comments and results of students being able to turn around their trading that I will be completing my update in book form within the next 6 weeks to help speed up the process of turning this around for those in need. In the mean time, you can download a copy of THE SCIENCE OF GETTING RICH for free at www.scienceofgettingrich.net . I highly recommend getting THE DYNAMIC LAWS OF PROSPERITY by Catherine Ponder and reading it as fast as you possibly can. It can be ordered on Amazon or other book sites.

The other thing that is a killer is not having the proper tools to practice or trade for real. This is a serious income producing business to me, and without the proper tools it would be like an attorney with no law research abilities or an accountant with no tax law references - their ability to be successful would be confined so much that it will be destined to fail. So would our trading if we shortchange our need for critical tools.

I knew from day one, if I was going to trade, and make this my livelihood for income, not to overlook important tools needed to set myself up to win trading. I have been able to narrow it down to three critical tools: A research site : The Dedicated Trader This one speeds up my research time Alert System: REAL TIME MARKETS Gives me time freedom Charts: ETA with CHART NAVIGATOR Saves money on taxes, plus reduces time to do practice trading

I do a free webshop once a week to show these tools. For any questions or prices on these three tools call 1-800-346-9039 for details. After almost 6 years in the market, I find these three to be the best for value, time saving, cost and ease of use.

Last, it is best to not put all your cash into trades at one time. Otherwise, when a hot opportunity comes by you don't have the ability to take advantage of it. Unfortunately, I see a lot of traders put every cent they have in trades all the time, as if it is wrong not to. They seem to think that if the money is not always in a trade it can't be profitable, but some of the biggest profits come from those serious buying times when a stock hits an incredible low or high. Jumping into a trade just because your money is available is does not always lead to good trading. It is better to pass on a poor play, then to end up poor playing!

If you find yourself out of the game, get back in. Start with practice trading. When you do begin to trade again with money, make sure you start small. Learn how to trade both directions, up and down and use alerts (like REAL TIME MARKETS) to make trading simple and give you time freedom.

If you can find a way to get to my next LEAPS class, I will teach you how to use the safety net alarms and more - such as bringing in 3 -4 times more income than writing normal covered calls. Come find out why they call me THE BEST COVERED CALL WRITER IN THE USA!

I hope this gives you some confidence to start trading again you deserve to be back in the game and make this work! Believe me, you want the lifestyle that trading can give to you!!!

I am excited to be able to offer you the direction you need to get back in the game and on the right track. Please call 1-800-346-9039 to take advantage of current discounts on classes, DVD 's , VIDEOS or other products...

Happy Trading!

Darlene with BetterTrades

Online Stock Trading - Stock Trading Strategies

However, before getting carried away, investors should look into the basics of stock trading strategies to help protect themselves from what can be a very tempting albeit confusing world of internet stocks. With little more than an account and a mouse fortunes can be made or lost from the privacy of one?s own home. The ease of online stock trading draws the attention of new investors and investors looking for an alternative to the old methods of trading.

Online stock trading need not be a random roll of the dice. Planned, precise, and well thought out decisions make for strong trades. Investors that make decisions based on desperation will only do about as well as they will at the casino.

The only consistent notion about stocks is that they are inconsistent.

Regardless of any pre-planned strategy that an online investor approaches the online trading world with, there are two basic entities that need to built into any strategy. All trading is based on maximizing the profits while minimizing the risks. These two factors also tend to cancel each other out. The greatest risks usually turn the greatest profits while the smallest risks typically turn tiny but long term profits. This means that an individual investor needs to find their individual risk tolerance while building their strategy.

There will be losses. There?s no strategy in the world that can guarantee online stock trading without loss. Loss is part of the game no matter how serious the player. The most successful online stock traders in the world have one basic rule implemented into their trading strategy. They all have their stock portfolio divided into percentages. They have a predetermined percentage seeking high risk, high return stocks, a predetermined percentage seeking medium risk, medium return stocks, and a predetermined percentage seeking low risk, low return stocks. The predetermined percentages vary from investor to investor and some have the bulk of their percentages in low risk while others have the bulk in medium risk. Placing the bulk of the available funds in high risk stocks is a sign of either gambling or desperation, neither one is considered a very sound strategy.

Keeping the emotional trading to a nonexistent minimum is very difficult for many online traders, but it is also on of the best laid online stock trading strategies there is. Online stock trading can become emotional, and when it does online traders start making bad decisions based on their emotions. If there is a set amount of the available funds doing predetermined job, then the emotional windfalls and shortcomings are incapable of moving the percentages around. The reason that these percentages are predetermined for the vast majority of successful online investors is to help maintain unemotional investing.

However, having a basic strategy before the account is even opened is a vital key to online stock trading can become a very healthy form of secondary or even primary income, but the investor has to start with a plan. Every individual investor?s strategy will vary to suit their needs, their risk tolerance, and their individual style.