Candlestick Trading Blog
May 16, 2008
Online Investing Education
Invest in Yourself First Through an Online Investing Education If you are new to online investing and want to learn how you can make money through the use of the internet, you must first invest in yourself through acquiring an online investing education. Maybe you already have online investments but you are losing money instead of making money? If this is the case, then you may need to take a step back and revaluate your investing strategy or your trading methods. Whatever the case may be, you must ensure that you receive the proper investing education and that you continue to educate yourself so that you are on top of new trends and new information that may potentially change the way you invest. It doesn’t matter if you are day trading, forex trading, or investing in mutual funds, you must have the proper education and training. You can find a lot of information on the internet to help get you started. Due to the vast number of vendors available on the internet, there are many vendors who offer free online training or free demos of the investment software that you may be interested in using. Other vendors offer an online investing education for a course fee providing you with software that you can install and download. This is typically offered to those investors who are interested in learning to trade stock via a trading platform. It may also work the other way around in which you research and find an online stock trading software that you want to buy. Perhaps it was recommended to you by a peer and then you take the training associated with that software. Just be sure that whatever system you decide to use that you research, review a few vendors, and get advice from your peers or and investing mentor. Another route that investors can take in order to acquire an online investing education is to join online investing forums that pertain to their type of investing. Through the use of online forums, investors can interact with a large of number of people who can potentially provide expert opinions about the different investment options. They can also possibly interact with experts themselves in their specified niche of investing, who can teach about fundamental and technical analysis in relation to the stock market, for instance. Another benefit of online forums, in relation to providing an online investing education, is that members can post questions to discussion boards. They are then able to read multiple answers given by different members and then act accordingly. Another reason that online forums are useful is that you can obtain relatively unbiased information, as opposed to going through a stock brokerage source. In the past you had to solicit the services of a stock broker and he or she would do your investing for you. With the advent of the internet, online investing has taken on an entirely new face. You no longer have to put your money in the hands of someone else, but now are faced with the reality that you have to know more about investing. With that in mind, it is imperative that you invest in yourself through obtaining an online investing education. Some of the courses available to you are not cheap, but the cost is minimal when compared to how much you could potentially lose with out the proper education and training. The best investment advice one can give is to invest in yourself to ensure your success. Online Stock Market Reviews presented live via the internet by Stephen Bigalow |
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posted by Stephen W. Bigalow at 10:41 AM
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May 13, 2008
Forex Trading Platform
Now that you know how to trade forex and are comfortable with the forex markets, you must decide on a forex trading platform to use. Having a great foreign exchange trading platform and understanding how to use it can produce a significant difference in your profit margin. These trading platforms are software through which online forex brokers and investors perform their daily forex trading. They can do this from anywhere is the world and the idea is to choose a platform that will assist the investor to execute trades the most effectively maximize returns. How to you pick the best platform? First of all, the best platform should be profitable in relation to your trading style. You must see a demo of each platform that you are interested in and then you must review every inch of it. This will assist you in determining which forex trading system will work best with your trading plan. The second thing you must establish is what profit you expect to gain over a specific period of time by using the forex trading platform you choose. There are formulas that can assist with this second piece that will give you the average profit per trade. Other things that a good trading platform should offer include the following: • Position monitoring and real time margin Online Stock Market Reviews presented live via the internet by Stephen Bigalow |
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posted by Stephen W. Bigalow at 6:07 PM
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May 9, 2008
Investment Software
Investment Software When Forex Trading Forex trading is becoming increasingly popular among investors as it provides an alternative method to achieving financial security. Investment software is a must for investors looking into fx trading so that they are able to trade their money through a demo account and eventually an active account. The type of software needed to trade forex includes a computer application that coordinates all of the currencies available to trade in the world market. It is available 24-hours a day and it can be done from anywhere you can get an internet connection. When deciding which forex software you should use there are a few resources that you can utilize. You can reach out to a forex broker or a dealer to get recommendations, or you can ask your fellow forex investors. You can also of course research different types of investment software online. Your fellow investors should be able to not only offer recommendations, but they should also be able to tell you the trading software to stay away from. If you prefer to search the net, try out software packages that offer free downloads for you to sample before making a final decision. Keep in mind when deciding which type of investment software you would like to use, that the main difference between them is the platform. Some platforms are client-based while others are web-based. Either kind of platform will work for forex traders but each also has their advantages and disadvantages. For instance, client-based software is only available for use where you work or at home, but you are less susceptible to viruses. With web-based investment software, you are more prone to viruses, but you can trade the forex markets from anywhere you would like. Also, when forex day trading, investors must keep in mind that you may get information when it is too late to take action. This is often due to the issues that your trading company may have with their servers because of a virus or other technical problems. Considering the above issues it is very important that you not only choose a forex investment software that you like, but you must also research the quality of customer service that the company provides, the quality of the trading software itself, and the quality of the company in general. You also must ensure that the forex company you are utilizing offers an online trading course that meets your needs. The systems are very complex and the system that you choose should offer many tools including charts and technical analysis tools. You should also have someone on point that you can speak with in the event you have an issue or a question when completing the course. Lastly, one you have decided on the investment software to utilize when trading forex, open up a demo account. This account will allow you to trade just as you normally would, but not with real money. Once you have practiced enough and you understand the trading software and the forex markets, you are ready to begin trading with real money! Online Stock Market Reviews presented live via the internet by Stephen Bigalow |
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posted by Stephen W. Bigalow at 3:25 PM
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May 6, 2008
Market Analysis
Why market analysis should be your first step for deciding your stock portfolio allocation. Many, but certainly not all, stocks will move with the market. For this reason alone it is well worth your time to perform your own analysis, and more specifically the analysis required to determine a bull or bear market. The old adage of ‘running with the trend’ translates into ‘don’t fish upstream’. Making money in the markets is challenging enough without going against the crowd. Market analysis does not need to be overly complicated. The main goal is to become comfortable with your personal analysis until you can recognize when a change is coming. One example for a quick analysis could be the evaluation of Volume and Price. A general observation can be easily made when witnessing a spike in volume; which indicates a larger than normal number of buyers/sellers. We all know that Price tells you which direction the buyers/sellers are going. There are several websites which provide a plethora of free stock market analysis tools. Market analysis requires common sense (which is not so common). Simply stated; nothing goes up or down in a straight line. As you become more comfortable doing your own analysis you will appreciate the differences between healthy ‘profit taking’ and severe ‘sell offs’. Candlestick charts provide a huge advantage in your market analysis. Unlike bar charts, which tell you what price movements did during a specific timeframe, candlestick charts unfold secrets before your very eyes by telling you the investor sentiment and what to expect in the future. Market analysis with candlestick signals can be done by only learning 12 Major Candlestick Signals. Determine the overall trend by viewing the DOW and the NASDAQ. Let the market tell you what the market is doing. The same analysis used for individual stocks can be applied to the market indexes in general. There is a wealth of free information available over the internet to assist you in your analysis of the markets. (Everyone wants to know which way the market will go) This is why we choose Candlestick Signals and Candlestick Charting for this type of analysis. Even the most basic of candlestick charting methods provides its user with a valuable technical analysis tool giving you a head start on other traders. (Read more in our article ‘Market Analysis Systems - Seeing the Market Move; or ‘Market trend analysis with candlestick signals’) If all of this talk about market analysis has confused you, may I suggest you join us on Thursday evenings for our free live stock chat sessions. Additionally, you may wish to review Stephen Bigalow’s personal CD on Trend Analysis; a 90-minute training video outlining the steps Steve personally uses each evening to perform his own analysis. Online Stock Market Reviews presented live via the internet by Stephen Bigalow |
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posted by Stephen W. Bigalow at 2:48 PM
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May 2, 2008
Buy Gold
Should you Buy Gold? Investors interested in investing in gold must first understand what gold funds are. When an investor wants to purchase gold, he or she can purchase it in units at a set gold price and the profit/loss of the investment is reflected in the movement of the unit price. Investors may purchase gold funds in the form of mutual funds or exchange traded funds (ETF). This form of gold investing is popular with the business people who do not want to spend time figuring out where they will store physical gold coins or bars after they buy gold. Mutual fund investing includes a group of investors who pool their money together and a fund manager directs that money to invest in various investment vehicles such as stocks and bonds, money market accounts, or other securities. Those investors who have pooled their money make capital gains and collect the dividend or interest income. For those investors who want to buy gold funds, they can also invest in and ETF, as mentioned above. A gold investment such as an ETF takes place when an individual invests in gold, but does not invest money into a pool with other investors. Instead the money is invested individually and the ETF investor is actually buying and amount of gold which is represented in an account. Additional ways to buy gold include the purchase of gold coins, gold bars or bullions, gold in escrow (digital gold), investing in gold producers (miners), and even gold futures. Those that invest in gold coins or bullion bars have the advantage that gold value tends to remain stable or increase over time, and you own it physically. The downside to this type of gold investing is that if you have a lot of gold, it can be hard to transport it, unlike gold stocks of course! Also unless you ship it from another company, it is heavy and hard to get through customs. Small coins of course are not hard to transport, they are very easy to sell and they attract less tax problems. Gold bullion and gold coins are perhaps the most popular with gold collectors and investors. Traditionally in circumstances such as high inflation, or currency inflation, investing in gold offer investors safety and security. Historically, the gold markets have provided the best protection against financial disaster and instability in the economy. The way this works is that in the event of a financial catastrophe, paper assets would be converted into gold. This explains why some investors just skip a step and buy gold bars or gold coins. It is interesting to note that when you have only paper in your investment portfolio, gold tends to move in the opposite direction of those paper investments. Troubled times typically increase the amount invested in gold. Investors opt for long-term protection of their portfolio through buying and investing in gold. These days, people continue to buy gold to protect their strong portfolio from a currency crisis, inflation, or recession, while gold investing should be based on macroeconomic consideration and the investment atmosphere. Online Stock Market Reviews presented live via the internet by Stephen Bigalow |
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posted by Stephen W. Bigalow at 10:04 AM
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