How To Buy A Trading Seminar
Mar0
If you are about to start, or are already in the process of learning how to trade, or day trade, you may have already been searching the internet using Google or Yahoo for day trading training education, tools, software or seminars, and have found that there is a lot on offer.
For example “trading course” brings up 758,000 pages in Google and “trading seminar” another 109,000 pages, the question is what should you be looking for when selecting a trading course or seminar. In this article I’ll point out some of the things to check before spending your hard earned money on your trading education.
1. Becareful of the hidden costs involved in a trading seminar that is away from home, account for the expense of hotels, meals travel and car rental?, it may be a lot more than you expect.
2. What is the return policy, this can vary widely between trading education companies, for some you only have a 3 day cooling off period while for others you may have up to 12 noon or the end of the 1st day to ask for refund if you decide this was not right for you.
3. For a live seminar are you also given DVD’s of the same or similar content?, so often live seminars fail to cover all the very important details involved in day trading. Having a set of DVD’s enables you to watch the content over and over again at home until you get it. Beware that some companies will charge you extra for the DVD’s even though you have already paid for a live trading seminar.
4. Check the internet for positive and negative feedback on the company and trading seminar. Use search terms like “company name review”, “company name refunds” or “company name scam”. Often reviews are posted in trading forums, these can be found by searching for “trading forum”.
5. A head of time try and find out exactly who will be presenting the seminar. The last thing that you want is a professional “teacher” giving a seminar on trading, what you want is a “trader” who makes his living by trading and only does a few seminars a month out of interest and for personal reasons, not because they need the money.
6. If you are buying an online day trading or investing course where the content is 100% viewed online you should get at least a 30 day 100% cash back guarantee, if not stay away.
7. If you are buying a course or trading seminar in which DVD’s and manuals are being shipped to your house, again you should expect a 30 day 100% money back return policy, less shipping and handling, again if not stay away.
8. It’s very likely that you will have questions after watching either the live or online course or watching the DVD’s, make sure that you will be able to ask questions and have them answered, either one on one or in a forum setting.
9. Last, but certainly not least, before buying do a lot of window shopping. The price for trading seminars, either stocks, options, Forex or futures varies widely from $50 for an ebook to over $25K for a comprehensive set of training. You may be able to find the same education much cheaper at a different company.
Also be aware that day trading education and seminar companies are always running specials and offering discounts, before you buy search the internet carefully for any deals and also call the company directly and ask for a low price guarantee. In other words make sure that you are paying the lowest price that they are offering the product for.
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Is Trading Options Right For You?
Mar0
There is a lot of hype surrounding options trading, and for good reason, it’s a good way make a lot of money fast, or can be used to grow your capital consistently month after month.
There’s also a lot of hype about how complicated it is and why you need to spend thousands of dollars on options trading education before you get started. Needless to say this last statement usually comes from trading seminar companies trying to sell your their trading course on options.
Lets cover a few of the basics about options and set you straight about a few important points. Firstly yes it is true that you can make a lot of money trading options, but of course you can also lose money just as fast.
When trading stocks your leverage is 1:1, if you go full out on margin you get get 1:2 leverage, but thats about it. With options it is not as straight forward to calculate the leverage but generally speaking you can get between 1:5 and 1:10 when you buy an option on a stock, or ETF.
So with 1:10 leverage, when the stock increases by 5% your option can increase by approx 50%, and this can happen in just a few days, this is why swing trading strategies using options on stocks is so popular.
However the downside is that the reverse can happen, if the stock drops by 5% your option can also drop by 50%, at which point you may want to close the trade and save some of your option value, it really depends on what your stop loss and risk management plan is.
What I’ve just described is called directional option trading where you are betting on the getting the direction of the stock movement correct, this is highly speculative. Options can also be used in option strategies which are much more non-directional, such as covered call trades, credit spreads and Iron Condors. In these trades there is much less dependance on getting the stock direction correct, but it still matters.
So should you trades options?, in my opinion you should not do directional option trades until you become an expert stock trader 1st. This is because you really need to be very precise with your entry and exit strategy and trading plan, and be very good at technical analysis.
Whereas if you want to do non-directional option trades you don’t need to be such an experianced stock trader to be successful, but of course it does not hurt either.
Learning how to trade options is a very useful skill you have, but don’t rush into it and blow out your account. Make sure that you get a good options trading education before you start, and also make sure that you have a very solid stock trading education as well, such one from Top Dog Trading Review.
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Protect Your Stocks Using Put Options
Feb0
Hoping and praying that the stocks that you just bought will go up is not the best strategy to use, however it is the one very often used by the average Joe stock trader who is learning how to trade. The only salvation they have is that in bull markets most stocks will go up.
Statistics show that in a bull market about 75% of the stocks will follow the general trend and go up, and in a bear market 75% will also go down. Trading with the trend is the best way to trade as 9 out of 12 stocks will follow the trend and give you the best chance of making gains on your stock purchases.
The most important thing that you can do is learn to trade from a good trading mentor, and also learn about other startegies such as swing trading.
But what if you own some good stocks and don’t want to sell when the market is clearly going down, or about to go down?. There are a couple of tactics that you can consider, both of which involve the use of options, CALL options and PUT options. There is the well known strategy called Covered Calls, and the much lesser known one called the Married Put.
If you are going to trade options it is essential that before you start trading you get the best option trading education that you can. You should also practise until you are comfortable with the process. This is a very important point that must be taken seriously, if you don’t understand the terminology and theory then you should not be trading options. If Put option, Call option, Married Put and Covered Call are new to you then don’t trade until you have studied sufficiently.
Selling call options against your stock in 100 share increments is the basis of the covered call strategy and it can provide about a 2-7% buffer against the loss in stock price. However a bigger drop in stock price will not be compensated for using the covered call strategy, in general.
Stocks in a bear market, and even in a bull market, can drop quickly on news or earnings releases, as much as 15 to 40% within a month. Using covered calls to protect your stocks will only provide limited protection of less than 7% at best and so will not save your account if the stock takes a 40% tumble.
The better solution to providing down-side stock protection is the option strategy called the Married Put. As the name suggests the PUT that you buy is used to provide protection when the stock goes down because Put options will increase in value when the stock decreases in value. The term married is used because the option that is selected has to be a good fit with the stock, in other words a good match, if the strategy is to work.
The selection of the best Put option is not straight forward and involves several criteria which are listed below:
1. The strike price of the option
2. The current stock price
3. Choice of options, in/out of the money
4. Put expiration time
Even though the married Put protection only has a limited life span if offers much more protection than the covered call. It can provide as much as 95% loss recovery in the event of a significant drop in the stock price.
The downside of the good protection is that you have buy the Put which is a cash debit whereas the covered call is a credit. But there are ways of offsetting this expense and there is much more to this strategy when executed correctly. The Married Put can be made to pay for itself and used to generate very good gains if the market, or stock to be specific, moves a lot.
The basic idea of the Collar Trade is to combine the covered call and married Put strategy into one, this is what is called the Collar Trade. In effect you put a collar around the stock, sell a call and buy a PUT. If you do this correctly most of the cost of the Put can be offset by the credit from the covered call so you can protect your valuable stock at almost no cost. Yes this is a great strategy which the general public is unfortunately ignorant of, and most brokers don’t understand.
The strategy that I have outlined above is unknown to the average stock market trader but is one of the best trading systems you could have, along with momentum trading.
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Free Stock Trading Education – Learn How to Trade Stocks and Stock Trading Advice Watchout for Stock Trading Newsletter Stock Picks and Stock Tips
Jan0
Stock traders are always looking for free stock trading education. There are a ton of them out there and they are generally free for a reason. Many times traders find themselves in a fancy hotel attending a 2 hour free seminar where many attendees have told me they are provided a lot of fancy charts and sales pitches but they lacked the educational building aspect of the free stock trading education being offered.
The real goal of these programs is to get you to sign up and start and continue paying long term education fees to them while they have no financial interest in your success outside of you having more money to pony up for their stock trading programs. The truth is, anyone can teach you a trade after it’s already happened. Think about it. You could say, “Hey you should have bought down here and now that it’s bounced I can draw you a support line.” and “You should have sold up here because now that I’ve seen the stock has dropped I can draw a resistance lines and show you how the indicators followed.” The bottom line is there are plenty of free stock trading educations being offered on the internet, but they lack the expertise needed to successfully make you money consistently over time.
Stock Market Volatility has a funny way of shaking out even the best stock market traders. Sure, people get catch a trend on a stock or option and get lucky a few times, but the strategies that worked well in one month suddenly are terrible in the next. At the StockMarketFunding.com Pro Trading School we teach our students using precise mathematical dollar price formulas that are designed to keep you 1 step ahead of the market maker and the long term moves before they happen.
This is why we were able to tell the world in 2007 to expect 3 consecutive downward corrections of 15% in the S&P 500 before the trading year started. For this same reason we were able to call the March 2009 Stock Market Lows and positioned our traders in some excellent long term options and equities.
Have you ever seen a stock gap up only to buy the breakout and have the stock drop $1.50 after you buy it? Have you ever seen a stock disappoint on it’s earnings and the stock goes up? There are many confusing things that happen in these markets and how stock market trading formulas are designed to provide you with accurate entries and exits on both stock and options trades.
Be sure to visit us at www.stockmarketfunding.com and sign up for our stock trading newsletter where we will give you stock trading video lessons free daily!
Visit the SMF Pro Trading School to learn more about stock trading. Learn how to trade options
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Forex Trading Education: Preparing yourself for Profit and Risks Involved
Dec0
Many Americans or even other foreign nationalities are interested in getting involved on Forex trading. Who on Earth will decline to the wealth offered by the Forex market, which is the largest market around the world—a whooping $2 trillion U.S. dollars worth of daily turnovers. Anyone inside the Forex clan has the opportunity of getting a big slice of that huge wealth. Aside from the huge possibilities for its traders, Forex market provides an extensive list of benefits—round the clock financial transactions, extreme liquidity, real-time and efficient trade executions—and the list goes on.
However, before taking home the “bacon”, you need to get a Forex trading education. Just like any other investments, you should never step on the Forex ground without knowing what you are stepping into. With proper education regarding Forex trading, you are assured that you are on the right track and you are on your way in making substantial profit.
So, what are the things that you will learn when you undergo a Forex trading education? You will understand the real nature of Forex trading. As you probably knew initially, Forex stands for foreign exchange or the simultaneous exchange of a pair of foreign currency to another pair of foreign currency. By learning the nature of trading foreign currencies at the right time, you are assured of gaining profit, although expect that it is not huge enough like the profits earned by professional and experienced Forex traders. And getting a Forex trading education will teach you how to do it.
The first part of your Forex trading education will focus on studying the Forex market background. Remember that the Forex market is a volatile market—conditions are frequently changing, most especially the foreign exchange rate. Through getting a Forex trading education, you will know how to examine such market changes and make appropriate decisions.
After studying and learning the whereabouts of Forex market, the next part of your Forex trading education is about risk control and management. It is important that you understand the risks involved in Forex trading. You need not to over invest or be overconfident at the thrill of opportunity of making huge money. Also on this part, you will learn how you will cut potential losses or getting out of a deal before your losses reach and even exceed your limits. It is natural that you will lose money when you start Forex trading. It is the most crucial part of your Forex trading education because it will determine whether you will end up making your way to riches or to a black hole.
Once you learn how to control the risks, you will learn how to start and manage your Forex trading account. You will be involved in practice Forex transactions using a demo account and virtual money. Through this way, you will be able to get the grip of your trading account before getting into real trading transactions. With a Forex demo account, there is no risk involved yet the nature is just as realistic as the real Forex trade. Moreover, your Forex trading education will also let you know whether you are ready to do the real thing or you need more practice. Only then will you be able to start and manage a real Forex trading account.
There are various ways to obtain a Forex trading education. One of the best resources to get a Forex trading education is through the Internet. There are different free sites that allow you to open free Forex demo accounts to practice your Forex system and trading strategies. There are also free e-books where you can read essential information about the Forex market and its attributes. Free webinars (web-based seminars) conducted in real time are available at random schedules. You may also seek some valuable advice from different active Forex traders. These individuals can provide you some insights and important advice regarding the subject of Forex trading.
Now that you know a little about Forex trading, it is time for you to get some good Forex trading education. Take your time and do not rush things. With an average daily turnover of $2 trillion U.S. dollars, there is just a lot of money involved in Forex trading. Prepare yourself to grab a slice of that wealth as well to the risks involved.
Click here to be mentored by A Professional Forex Trader. No matter what your level of forex experience… no matter if you’re still demo trading… no matter if you still haven’t turned the corner to consistent profits… We will get you on track in no time!
Article Source:http://www.articlesbase.com/day-trading-articles/forex-trading-education-preparing-yourself-for-profit-and-risks-involved-1637542.html
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