Forex Course Trading

Nothing can help you better understand the nuances of the exciting tools and strategies of the forex market than a forex course trading. If you are a first time player or want to start as a foreign currency trader, a course in the forex market can guide you and build your confidence to face the real world.

The foreign currency market is highly developed with some of the most advanced trading systems and features available to make your decisions more scientifically. Whether you are a day trader or a long term player, you need to develop your own strategies to time the market and your entry and exit points. Forex course trading can help you in your understanding of the terms and concepts. As you learn the basic tricks of the trade, you can learn the advances strategies, straddle concepts, technical analysis indicators, charting software and other tit bits to gain your foothold in the forex market.

Forex market demands a fair bit of knowledge about the finer aspects of trading and techniques to be successful consistently. Hence it is all the more important that you are armed with right training. Forex course trading can fill that gap and make even a novice an expert in the field.

While it is true that no forex trading course can make you rich overnight, it is also true that there are no magic formulae to make money in the shortest possible time. It is only patience, hard work and consistency that brings dividend in the long run. A good course will equip you not only with the trading strategies but also how to handle exceptions and time your market moves.

Charting and Technical Analysis are one of the most important tools for predicting the future trends and fluctuations. Forex course trading will help you do that to give shape to your strategies for your good. A good trader does not spend his time and energy trading all day. He looks for 4 or 5 good trading opportunities in a week and place his orders based on that analysis. The timing is very important and so is the correctness of his prediction. This way you can earn better than the expected returns without having to time the market all the times. Hence an understanding of the trading systems and rules allow you to concentrate on exceptions rather than all the currencies and commodities for making an entry in the market.

If you are planning to take forex course trading, never be enamored by all those claims of making risk free profits by trading in currency spot and futures. Remember that there are no free lunches. Currency trading is a specialized field and has its own risk reward paradigm. In most of the cases, you will have to adjust your trading strategies to fit that paradigm to remain within the ranges. One wrong move and all your equity may be wiped out. The forex course trading will also help you to understand that sometimes it is better to cut losses than to cut a sorry figure later.

Thomas D. Houser
The key to successful Forex trading is knowledge.
http://www.bestforexcurrencyinfo.com/

Market Moods And Market Timers

Markets go up and markets go down. It shouldn't matter much, but many new market timers find that their own personal mood fluctuates with the markets, moving from extreme euphoria as the markets soar to new heights to deep despair when the markets plunge to new lows.

Why do market trends have such power over emotions?

They don't need to, but many new timers have difficulty cultivating an objective mind set. They allow fear and greed to influence their trading decisions.

They tend to follow the masses, and when they go with the crowd, they soon find that market trends not only influence their moods but their account balance as well.

Following The Crowd

There's a strong tendency to follow the crowd. There is a feeling of safety in numbers. When you see a steady upward trend, you feel secure. Everyone is buying. They are all doing the same thing.

When other people offer confirmation of your decisions, you feel safe and assured.

In a bull market, it isn't so bad to follow the crowd. When it's a strong bull market, the crowd is often right, and it makes sense to follow them.

However, when the market turns around, feelings of safety and security can turn quickly into fear and panic. Why? One reason reason is that many new market timers don't have the ability or financial resources to sell short, and take advantage of a bear market. But there's a psychological issue as well.

It is difficult to know how to handle falling stock market prices. For example, humans tend to be risk averse. When one is going long and the markets suddenly turn, it's hard to accept losses, and sell off a losing position before more damage is done.

Denial and avoidance set in. At that point, a trader with a losing position panics, hopes that things will turn around, and waits for events that are unlikely to happen.

Usually the price continues to fall, heavy losses are incurred, and as expected, disappointment and despair set in.

Emotions And Decision Making

It's crucial for your success as a market timer to stay calm and objective. Don't let your emotions interfere with your decision-making.

How do you stay detached and relaxed? First, it's important to accept the fact that you'll likely see small losses as a timer and that you should expect to see the markets turn against you. Small losses are an unavoidable part of dealing with the stock market. The trick is, keeping them small.

Follow a trading strategy that is well tested such as those at Fibtimer. And stick with the plan.

Don't allow your moods to fluctuate with the ups and downs of the markets. By trading in a disciplined, methodical manner, you can cultivate an objective, logical mind set that isn't overly influenced by market moods.

Armed with the right mind set, a disciplined trading approach, and a well tested trading strategy, you will be able to realize over time, the profits of successful market timers.

Size Counts!

What the heck am I talking about?

It is often said that to grow mentally, spiritually, emotionally and personally that you have to stretch and move out of your comfort zone. I definitely believe in this concept, however... When it comes to day trading, swing trading or position trading stocks, futures, options or forex, going outside your comfort zone can be dangerous!

Let me explain... Say, a trader is used to buying 100 shares of a stock at a time with the average value of $50/share. He/she is very comfortable with putting this amount at risk. They never experience any anxiety and can sleep well at night at this level. However, watch what happens when these traders decide to up their ante to 200 - 300 shares.

All of a sudden they are worried about every tick against them and start riding an emotional roller coaster based on the current price of the stock. At these levels they become much more emotional and their judgment becomes cloudy at times. Now they start making bad decisions that never occurred at the 100 share level.

A good idea is for you to take a good hard think about "what size trader" you are and where you are completely comfortable at. Write these numbers down and force yourself to never deviate from them. When the time does come to raise your bet size up, do it in increments over time. For example: If you want to go from 100 -200 shares, do 120 on week number 1, 140 on week number 2 etc.

I assure you, that by sticking to the concepts in this article that you will make trading a much more comfortable and profitable experience. Be patient and stay focused and the money may roll in at levels you never thought possible!

Dr. Jeffrey Wilde, a trading veteran with 16 years of experience is a trading coach to over 3500 traders in 63 countries. His new blog http://www.askjeffwilde.com offers free trading articles, tips and advice. He also teaches a variety of courses found at http://www.win-at-trading.com and http://www.fastforexprofits.com

Earnings Season: To Hold Or Not To Hold, That Is The Question

Holding a stock (day or swing) trade into earnings can very often lead to some fairly large profits. However, it can also lead to some very large disastersso large that it just may be the last trade you ever make.

When I was still an active day trader and now as moderator of Daytraders.com, I have witnessed both sides of this phenomenon from each perspective. I have lost big and was lucky enough to catch a few winners. Yet, after years of experience, observation and unscientific analysis of this practice, it is my opinion that I was just thatlucky.

First of all, holding overnight or even a few hours during the day waiting for an earnings report has removed you from a pure day trader status to a swing trader. There are merits of both methods of trading, which is fodder for a future article. Moreover, I will mention, that as common sense would suggest, that the longer you hold a stock as a trader, the more apt it is to move against you.

Most people, including most analysts, dont really knows what is going to happen until the company releases their earnings. Sure, there are a lot of folks that will profess to be a genius at predicting such things, but I havent seen it. In fact, I have yet to see anyone really much more accurate, if any, than that famous sitcom parrot that used to pick stocks using the Wall Street Journal lining the bottom of his birdcage. Yes, I said parrot, as in, Polly wants a cracker!

When someone asks me if they should buy such and such stock because they are about to release earnings, I always tell them the same thing, As a trader, holding onto earnings may be the single most dangerous thing you can do. I suggest that if you are not willing to hold that stock for the next three to four months and into the next earnings period, then you should avoid the trade. If you hold into earnings and it misses their numbers, you may forced to hold the stock until the next reporting period or selling it a big lost. Or it could mean holding into, yet, another earrings report, and the beat goes on. If that be the case, you are not trading now. You are an investor, and as an investor you should have done your due diligence on the stock or not invested!

Too many traders focus strictly on the numbers, rather than what the company made or lost and how their actual numbers compared to analyst and company estimates. However, very often these numbers will have little of no bearing on how the stock will react to other information that is released at the same time. Guidance, where the company sees the future, may be the bigger item to be considered. Beyond that there is often bomb shell news in the reports that is all too often overlooked in the first few minutes or even hours or days after the release. These might be items like investigations by the SEC or some other law enforcement agency. They could be announcements of lost contracts, lawsuits, patent disputes and on and on. Any number of negative factors can far outweigh how the stock will trade as this information is dissimulated and digested by the street.

Adding to the additional risk of trading stocks on earnings is the somewhat questionable practice of some companies. They try to soften the reaction to what they know will be seen as earnings by releasing good news a few days or even a few minutes before releasing the bad.

I have seen companies release news of a huge contract win the day before they report earnings, and I watched the stock move up a considerable percentage. They know darn well that the next day they will be releasing a poor earnings report that will send the stock much lower. These positions can fall 8-10%, and in some cases I have seen stocks lose 25-30% of their value.

Traders that find themselves holding these shares will take a huge loss in their trading accounts, and all too often it will put them out of the trading game.

If you feel you just have to take the chance and try for the big gain on earnings, I suggest you dont hold a very large position. Maybe or the number of share you would normally buy. If the stock moves against you, you can cut your loses with minimal damage or buy in at the bottom and try to average out.

I also suggest you only do this if you have some extra money lying around, money you dont mind losing. And if you do have some extra money you dont mind losing, can you please send some of it my way? I have been around a long time, and I have yet to see any of that money. I have seen a lot of just plain ordinary money, but Ive never seen any money that was extra enough for higher risk behavior like holding into earnings.

My final piece of advice is: Dont Do It!!!

Happy trading!

No permission is needed to reproduce an unedited copy of this article as long as the About The Author tag is left in tact and hot links included. Send all comments and questions to: floyd@TraderAide.com.

Floyd Snyder has been trading and investing in the stock market for three decades. He was on the forefront of the day trading craze that swept the nation back in the late 1990's, both as a trader and as the moderator of one of the Internet's largest real time trading rooms, http://Daytraders.com He is the owner of http://www.TraderAide.com and Strictly Business Magazine at http://www.sbmag.org

Wall Street to Main Street: News, Views and Commentary: April 12, 2006

Political Front

On Tuesday Iranian President Mahmoud Ahmadinejad said that Iran has joined the club of nuclear countries by successfully enriching uranium for the first time. Iran claims that their venture into the nuclear arena is purely a peaceful energy program. Now if they expect the world to believe that their intentions are noble then they have another thing coming as the United Nations is sending their nuclear watchdog to Iran. Keep in mind that Uranium enrichment can be used to produce fuel for a nuclear reactor or an atomic warhead.

It looks like China, ahead of the United States visit from Chinese President Hu Jintao, may lift the ban on U.S. Beef imports as a goodwill gesture. China has been making deals from airplanes to technology, they are gearing up to be a player in global business.

Movers and Shakers

Some major movers in yesterdays trading session include Brilliance China Auto (NYSE: CBA) trading up $2.64 to close at $18.94, Piper Jaffray (NYSE:PJC) trading up $5.90 to close at $61.10, Advanced Medical Optics (NYSE: EYE) getting a boost from Bausch & Lombs (NYSE: BOL) woes, the stock traded up $3.01 to close at $48.48, Blue Dolphin Energy (NASDAQ: BDCO) trading up $2.03 to close at $7.09, Green Plains Renewable Energy (NASDAQ: GPRE) trading up $3.50 to close at $49.02, Mexco Energy Corp (AMEX: MXC) trading up $1.24 to close at $9.99, Hi Shear Technology (AMEX: HSR) trading up $1.67 to close at $5.45 and Columbia Sportswear (NASDAQ: COLM) trading up $3.53 to close at $56.60.

Genentech

Genentech (NYSE: DNA) reported net income of $421 million, or 39 cents a share, which included the expensing of stock options. This compared with $284 million or 27 cents a share a year ago. But sales of Rituxan, its non-Hodgkin's lymphoma drug, which recently won approval to also treat rheumatoid arthritis, were down from the previous quarter and Genentech shares slipped almost 1 percent in after-hours trading.

Nasdaq and the LSE

The Nasdaq (NASDAQ: NDAQ) may have left the table but they are not out of the game, in a bold move to leap ahead of the New York Stock Exchange (NYSE: NYX) and any possible bid from them, the Nasdaq acquired the 13.8% stake in the London Stock Exchange that was held by the U.K fund manager Threadneedle Investments, along with another 1.2%, for 1,175 pence a share, or $781.7 million. This pushed the value of the LSE to $5.2 billion, if you recall the Nasdaqs bid for the LSE was in the $4 billion range.

According to U.K. takeover rules once the Nasdaq withdrew their bid they were banned from issuing a new bid for a period of at least 6 months, unless a rival bidder would come to the table. But snapping up 15% of the LSE would be a big deterrent to a bid from either the Euronext, the NYSE Group or the American Stock Exchange..

Google to expand in China

Ahead of the U.S. visit from Chinese President Hu Jintao, Internet giant Google (NASDAQ: GOOG) expects to see substantial revenue growth in China.

Google CEO Eric Schmidt said in a news conference in China that they expect to have over 100 software engineers in China by mid 2006 and eventually thousands as they solidify their position in the Chinese market. As we said in other segments we see Google to have continued growth and possibly trade as high as $550 to $600 in 2006 and at that point you may see a stock split.

Stocks to Watch

The following are companies that you should know about, we are just making mention of them on Wall Street to Main Street and will have a more in depth profile on these companies, along with our outlook. Remember that only subscribers to the NAMC Newswire will be able to read the Investors Corner segment in its entirety, so go to www.namcnewswire.com to subscribe, its fast and free.

Abercrombie & Fitch Co (NYSE: ANF) the stock closed at $56.55 on Tuesday and in the upcoming Investors Corner segment well give our take on the company and their direction.

American Eagle Outfitters (NASDAQ: AEOS) the stock closed at $29.38 on Tuesday.

Las Vegas Sands Corp (NYSE: LVS) the stock closed at $59.88 on Tuesday.

China Medical Technologies (NASDAQ: CMED) the stock closed at $25.66 on Tuesday.

Investors Bancorp (NASDAQ: ISBC) the stock closed at $13.03 on Tuesday.

Readers Speak

We received an email from one of our readers/listeners Jerry from Massachusetts, he wanted to know why we havent mentioned Alanco Technologies (NASDAQ: ALAN) on WSMS for a while.

Jerry, our mission is to introduce our readers/listeners to companies that we feel represent value and have potential to excel in their industry. We like the technology system that Alanco Technologies has but the slow movement in regards to additional contracts limits their growth. We understand that this is partially due to legislation but the company needs to venture out of prison facilities and perhaps look at the other uses for their system as they await approval for additional prison contracts. So until they either get a major contract or venture into other areas they are at a standstill. However we will expand on that thought in an upcoming segment of the Investors Corner this month.

We cannot stress enough that investors need to do their due diligence, call the companies, get the information, consult with your investment advisor and if you do not have one consider getting one. Put the same time into investigating these companies as you do when you go to purchase a new television, its only for your protection. When it comes to thinly traded securities stagger your orders or put a limit order in to avoid a run up.

NAMC Newswire Note

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NAMC Newswire
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Disclaimer:
None of the information contained on the NAMC Newswire constitutes a recommendation by the NAMC Newswire, its journalist, nor its parent company that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific investors or person. Each individual investor must make their own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy featured on the NAMC Newswire or NAMC Radio Any past results are not necessarily indicative of future performance. The NAMC Newswire, its journalist nor its parent company does not guarantee any specific outcome or profit, and all investors should be aware of the real risk of loss in following any strategy or investments featured on the NAMC Newswire or the NAMC Radio. The strategy or investments discussed may fluctuate in price or value and investors may get back less than you invested. Before acting on any information featured on the NAMC Newswire website or the NAMC Radio segment, investors should consider whether it is suitable for their particular circumstances and strongly consider seeking advice from their own financial or investment adviser. Investors are also urged to do their own due diligence before investing in any security.

All opinions featured on the NAMC Newswire or NAMC Radio are based upon information that is considered to be reliable, but neither the NAMC Newswire, its journalist, its parent company, affiliates nor assigns warrant its completeness or accuracy, and it should not be relied upon as such. The statements and opinions featured on the NAMC Newswire by its journalist are based on their outlook at the time of the statement or opinion, and are subject to change without notice. NAMC may at times hold a position in the companies that it features, in these cases appropriate disclosure is made.

Forex Trading - What's It All About Then?

What is this, I ask myself. It is short for foreign exchange trading it would seem. It sounds complicated and deeply involved, and probably mathematical. No, Im sure it is not so scary that I need scratch my head every time someone utters a mention of Forex.

Forex Is simply the abbreviated name for the market where currencies are traded between nations, since an Englishman will probably find it somewhat difficult to purchase a magazine or umbrella or tooth brush if all he carried in his pocket were South African Rands. So therefore a lot of the time money will move between countries as industry & commerce must function & thrive. So how much trading occurs within this market? The answer is a lot, as it is the biggest trading market in the world one hundred times larger than the New York Stock Exchange. An estimated 1.5 Trillion United States Dollars get traded over the Forex market every day. There is no central governing or managing body that controls this mega entity; it occurs on a natural course all on its own. The forex market runs 24 hours a day - very nearly the entire week - simply because of the nature of the worlds industrial & commercial fervency.

Trading on the forex market has proven preferable for many, for a series of reasons. It is easy to buy currency, and unlike most other markets, it is also very easy to sell currency. This immense fluency makes it incredibly safe to trade and on top of this one can start trading with a very small amount of collateral. There is also the fact that brokers on the forex market dont take commission, the profit from the bid/ask spread. Since the selling of currency is not at all difficult, one can abandon ship on a falling market before the take on too much damage.

Its not as simple as counting beans, however, to trade and profit on the forex market. In order to make money, one must have formulated a trading plan, and tested it thoroughly, as to avoid losing a significant portion of ones trading capital. Also very important, a throughout understanding of the way the market works, flows and changes is absolutely essential to the success of an individual on the forex market.

Basically one can list the major currencies that are traded on the forex market. They are the US Dollar, the British Pound, the Australian Dollar, the Canadian Dollar, the Japanese Yen and the Swiss Franc. These are just the main ones - not all that are traded. It is easier to trade on the forex market than on the stock exchange, since one can focus on a small portion of the currencies at a time, as apposed to the thousands of stocks one must disperse their precious time and concentration on when playing the stock market. Just where do you invest in a situation like that? That is what I would like to know. Does it even make sense? Why do people even bother to learn the stock market when the Forex Market Is right there, inching its nose around the corner, slowly, whispering into your ear, begging for you to go and catch it and ride it to financial completion.

So I hope this is a start to those who want to get more involved. I certainly learned something highly valuable in writing it, so good luck with your trading journey!

Phil Smulian is a reviewer for currency trading experts who can help you understand more about the forex seminar, Euro Forex Trading System