Easy Tips To Improve Your Stock Trading Profitability

As a trader you need to understand why it is that you enter a particular position, what is your own specific reason for position entry, the answer can't be "It looks like it's going up". You can't put down money based on a gut feeling; you have to be motivated by a technical reason found in the chart that you are observing. Another factor that will influence your trading is volume. The average daily volume of a stock that you choose to trade should be at minimum 1M shares. Be very cautious when risking your equity, make sure you have spent sufficient time paper trading, otherwise you will pay a lot of money in market tuition... and that can be quite costly.

Something else that will have to be considered is your personal workstation. Keep your work area clean, and uncluttered. A messy desktop will not allow you to think clearly, and will prove to be distracting. You will need a good monitor setup (2-3 monitors minimum) so that you have ample real estate to view charts, level 2, etc. You will also require high-speed Internet connection and a good direct access broker. This is a serious profession based on mathematics and market psychology, so act professional. If you trade with a budget day trading casino mentality, you will quickly gamble away your entire account.

A Few Words About Charts

It took me a few months of experimenting to find my personal g-spot for my own personal chart setup. I'm going to offer up some tips on how you can best manage your own charting.

1. Keep it simple, and uncluttered. Have only the essential information displayed because you will spend a lot of time just waiting for a healthy setup to present itself. If you have a complex window to look at with a lot of flashing colours and numbers, you will only get eyestrain.


2. To reiterate on the first point, don't have too many technical indicators on your charts, especially indicators that conflict signals.


3. Have at least one broad market chart and one sector chart, are they making new highs today compared to yesterday? It is important to gauge the market relative to the previous trading day's range.


4. Have a time and sales window for your stock, is there a buy or sell pressure?

When reading your Level 2 window use it primarily for order routing only. You can't always base a trading decision on what information you see there, because there is a lot of bluffing and intentional manipulation that happens in Level 2. You need to focus on the big picture of the market first and foremost, is it a red or green day? Is it a volatile day or is it very choppy with deadly whipsaw like activity? After you have performed this initial diagnosis, then you can use the individual chart patterns to identify a profitable entry and exit point. A common beginner mistake is just jumping in and out whenever and where ever-an entry and exit point must be determined BEFORE you place the trade.

Read this book to learn more strategies that can significantly improve your trading profitability.

Ashbee A. Bakht is an international best-selling author who holds a degree in psychology from Brock University, Canada and he attained his postgraduate education in minerals and mining at the prestigious Norman B. Keevil Institute of Mining Engineering, at the University of British Columbia, Canada. As a professional commodities trader and arbitrage specialist, Ashbee's strength can be found in taking positions based on economic forecasts of trends and seeking out arbitrage opportunities. Ashbee specializes in trading crude oil, gold, silver, and other base metals.

Ashbee's books can be purchased at Barnes & Noble and on Amazon.

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Technical Analysis - The Most Effective One Among the Share Market Courses

Technical analysis is the way of forecasting or analyzing the price movements of stocks and shares in a share market. This analysis brings about the scope for certain predictions that are totally based on the behaviour and movement of the stock prices in comparison with the market presence and previous moves with respect to the time frame. This analysis depends on the trend of the market and is a pretty essential concept considered by the active investors in the financial markets. An individual who is regarded as a professional in this technical analysis is called as a technical analyst and s/he can suggest the investors about their moves in the share market.

All about technical analysis

Stock markets are the most volatile ones as they come across several fluctuations. These lead to changing trends that are generally transient in the unstable markets. They have a great impact on the values of the stock market and should be analyzed properly in order to achieve success. Therefore the need for some experts in the fields is found increasing thus giving scope to share market courses particularly the technical analysis.

• The technical analysis could be considered as the major and also a basic share market course which allows an individual to study the variations of demand and supply that takes place in the market.

• This specific share market course study helps an individual to know and understand the stock market in detail.

• By studying technical analysis, one can help the investors by suggesting when and where to invest their money to get better profits.

• An individual can be successful as an analyst in the volatile markets only if s/he follows certain fundamental charts, volumes and price scales that can set a trend in the market. These charts are the simple ways to show the entry and exits of the stock values in the market along with the current situation.

• The technical analysis acts as security analysis for understanding the movement of stock prices and thus it supports the investors to invest at the correct time to receive a heavy gain on their investments.

Whom and How does it help?

For those willing to stay in touch with the stock trades and enjoy a career in the finance sector, many colleges and institutes are offering several share market courses. These courses are highly useful for market makers, traders, active and small investors along with the students aiming to become technical analysts. The successful study of these courses can be beneficial in several ways and there are few such advantages.

• As price rate in the stock market is highly volatile some good predictions allow the investors to gain money they invested even at the downfall of the price value. Here in this situation, only the predictions form an analyst can be found valuable.

• Completion of these share market courses allows an individual to get a good and also a desirable job as the demand of these financial professionals is always high.

The Ultimate Guide to Binary Robots

What should you know about such trading robots?

Given how popular they are with scammers, who will take every opportunity to blow their true capabilities out of proportion, it's safe to say that binary option robots have been overhyped lately. From the tracking of weather satellites, to using AI and various intricate trading algorithms, not to mention bare metal servers, everything has been ascribed to binary trading bots as the concept on which they're based. Of course, none of these far-fetched tales are true. Every trading robot out there is based on a more or less intricate combination of technical indicators, and that is the source of their limitations too.

Binary option robots are indeed quite limited when it comes to long-term success and consistency, and that can be attributed to the fact that they're unable to perform fundamental analysis. Technical analysis, with its charts and chart patterns, coupled with various mathematical artifices, is extremely easy to automate. Fundamental analysis on the other hand, does not lend itself well to automation. Not even systems endowed with rudimentary AI can handle proper fundamental analysis, and that explains why experienced robot users' best answer to fundamentals-induced volatility is to just unplug the whole thing.

What types of trading robots will you find out there?

Based on how they are "sold", there are two basic types of binary option robots. There are scam robots and there are legitimate ones. When it comes to intricacy, the sky is the limit really. One can combine as many technical indicators as he pleases and he can place filter on top of filter to refine the results. The money management module can be twisted and turned into all sorts of shapes and sizes too.

How do you recognize a binary option auto trading scam?

The clues/signs are quite numerous and obvious indeed. Scam auto-traders are advertised everywhere these days, and most of them are built on the same blueprint. The scammers set up a 2-3 page site on a recently acquired domain and they upload an elaborate promotional video to YouTube or to another video-hosting site. Even the scripts of these videos resemble one another. They're all about fabulous promises of thousands of dollars per day without any work required on the part of the trader and they usually say very little about how their software is supposed to secure such results. If they do talk about the mechanics behind their traders, they usually concoct some sort of far-fetched story in which they hype up some kind of rather mundane technology, hoping those less knowledgeable will buy into it. Another common denominator of such videos is the fact that scammers make a big deal about offering their software for free. It always turns out though that victims have to make a $250 deposit with one of their "trusted" brokers to get things going. Needless to say, victims then never see a single cent of their money afterwards.

What happens is that the scammers give traders access to a low-grade robot, which uses some technical analysis to generate signals and to trade. They then pick up their commission from the broker they're partnered with and they stop caring. Users then have their deposits traded away by the software. They might even get subsequent phone calls from the broker, through which they're encouraged to make additional deposits.

Legitimate auto traders never hype anything. They just state the facts about their products, including their limitations.

One of the most interesting platforms traders can use to create their own trading robots, is hosted by one of the most popular CySEC brokers, IQoption. Through this platform, traders can use a wizard to create robots, using a number or ready-made modules. Sharing these robots is also possible through the same platform. The creation of more advanced robots requires advanced technical analysis knowledge. Everything is free at IQoption's Robots platform. What this means is that traders without any kind skills and inclination towards technical analysis, can simply log in and use the robots created by other traders. What's more, apparently there are robot trading competitions taking place at IQoption too, which allow traders to put their creations to the test.

The bottom line is that trading robots are always limited by the nature of the technical indicators they use. If you hear stories about an auto trader capable of doing fundamental analysis, you're probably looking at a scam. Be realistic in your expectations. This way, you may actually find the robot trading game an enjoyable one.

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