Category Archives: Featured Articles

Banking sector collapse?

It’s almost impossible to ignore the recent spate of banking “issues”, from Northern Rock and the US Subprime, to the Lehmans Chapter 11, and HBOS/Lloyds Merger – 2008 has been a volatile year for the markets and for banking.

What does it mean?

Well that is the million dollar question.. and what will happen remains uncertain. What can be seen is that past models and assumptions were not correct or had “blind spots”. We’re big fans of the Black Swan phenomenon.. on that one.

So for now.. what should you do?

Well only you can answer that..  but for traders volatility can be a good thing.. if you know your market fundamentals

SaxoWebTrader

SaxoWebTrader has been launched in May 2008.

Saxobank say “It marks a new era in trading. Not only does SaxoWebTrader enable you to trade multiple asset classes, it allows you to personalise your account interface. You can choose from an array of charts, prices, market research, data sources and news feeds. You can also access your Saxo Bank account from your mobile phone or PDA on SaxoMobileTrader.”

Let us know what you think

Remain calm when trading

Have you ever been stressed out while trading? Did it affect your judgement… you bet it did. I remain losing 75% of my portfolio as the dot com bubble burst.. and just thinking why me..

Remaining calm under pressure

There are many ways to deal with pressure and many stressful situations.

  • Stress under fire – in the army or in a war
  • Stress from tiredness
  • Stress in competition

Think about why you get stressed and how you would normally deal with it. Recognise that stress also exists while trading.

We’ve been experimenting with iiYoge Eye Movement therapy, they have a free ebook so check it out if you like.. there’s also UltimateCalm.com

New FX platforms to look at

At the moment there are numerous FX trading platforms being setup.

This is a good thing for many, as there are great offers to be had.

Xforex is a company that we’ve been looking at for a while.. they have a mature platform, and a great offer of a free gift when you sign up..

http://www.xforex.com/ForexTradingTL?tlid=3869

They also have good charts and financial calendars.

You don’t have to add a deposit to register for an account and get the gift.. and you can open an account for as low as $100.

While it does say USD a lot.. they are looking for and after UK customers.. I know.. seemed odd to me too.. but I spoke to Daniel B in their press department and he set me straight.

So .. one to take a look at .. let me know what you think.. we’re keen to help people find platforms that work, easy to use and actually answer their phone.. for me.. Xforex is definitely one to check out.

Ps

I love their graphics..

http://www.xforex.com/ForexTradingTL?tlid=3868 (chart landing page)

http://www.xforex.com/ForexTradingTL?tlid=3869 (gift landing page)

http://www.xforex.com/ForexTradingTL?tlid=3870 (donot work page)

Recommended FX Trading Learning and Study Materials

Recommended Tradining Materials from the Online Trading Academy

Home Study Videos and E-Books

Professional Trader Plus DVD Library Part 1 Online Trading Academy is delighted to announce that the first 3-day section of the famous on-location 7 day trading fundamentals course is now being released. Section 1 of the Professional Traders Series is 16 DVDs containing 24 hours of pro trader education.

Professional Trader Plus DVD Library Part 2 Online Trading Academy is delighted to announce that the second part of the famous on-location 7 day trading fundamentals course. Section 1 of the Professional Traders Series is 16 DVDs containing 24 hours of pro trader education. This second, continuation of the course is approximately 28 hours over the last 4 days in 16 DVD’s.

Introduction to Day Trading Video This award-winning interactive CD allows you to learn trading at your own pace, starting from the ground up. Interactive quizzes at the end of each section allow to test your knowledge and determine what you need to focus on.

E-Book: Electronic Trading Guide for NASDAQ, Level 2 A manual to teach investors how to electronic trade the NASDAQ using the now popular Level 2 screen. This manual is designed to get right down to business and is followed closely in our Professional Trader courses.

Home Study Value Packs

The Ultimate Professional Trader Plus CD Library Receive over 38+ hours (24 CD’s) of our highest quality trading education in one package! Order all of our trading education CDs at an astonishingly low price! Get the education you need to increase your trading profits!

Professional Trader Value Pack for Direct Access Stock Traders Receive over 30 hours (16 CD’s) of our best direct access trading education in one package! Our new trading value pack focuses on the core aspects of direct access stock trading. A great place to start your trading education!

Professional Trader Education Value Pack for Emini Traders Receive 15 hours (9 CD’s) of high intensity Emini trading education in one package! From core trading techniques applicable to all types of trading, to Emini-specific training, this 15 hour value pack has what you need to learn Emini trading at it’s best.

Professional Trader Education Value Pack for Forex Traders Receive over 15 hours (8 CD’s) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.

Professional Trader Education Value Pack for Options Traders Receive over 16 hours (9 CD’s) of our best Options trading education in one package! From our beginner to our more advanced courses, this package will work synergistically to increase your trading knowledge and propel you to trading success.

Trading on Target Home Study Course Developed over a 14 year period by an expert Trader’s Coach, this program gives step-by-step solutions to problems that traders have with discipline. Includes CD’s, Videos, Audio Tapes, Workbooks and Hardcover Books.

The Complete Trading Education Package Completely revolutionize your trading education with this combination of The Professional Trader CD Library (24 CD’s / 38+ Hours) AND the Trading on Target Home Study Course! (Includes CD’s, Videos, Audio Tapes, Workbooks and Hardcover Books.)

Professional Trader Plus DVD Library Part 1 Online Trading Academy is delighted to announce that the first 3-day section of the famous on-location 7 day trading fundamentals course is now being released. Section 1 of the Professional Traders Series is 16 DVDs containing 24 hours of pro trader education.

Professional Trader Plus DVD Library Part 2 Online Trading Academy is delighted to announce that the second part of the famous on-location 7 day trading fundamentals course. Section 1 of the Professional Traders Series is 16 DVDs containing 24 hours of pro trader education. This second, continuation of the course is approximately 28 hours over the last 4 days in 16 DVD’s.

EMini Trading Home Study Courses

Professional Trader Education Value Pack for Emini Traders Receive 15 hours (9 CD’s) of high intensity Emini trading education in one package! From core trading techniques applicable to all types of trading, to Emini-specific training, this 15 hour value pack has what you need to learn Emini trading at it’s best.

E-Mini CD 1 – E-Mini Derivative Futures Get more bang for your buck through the leverage of E-minis! Mike McMahon takes you through the ins and outs of trading this highly liquid financial instrument.

E-Mini CD 2 – E-Mini Derivative Futures Once you understand the “mechanics” of the E-Mini’s, you are now ready to step up to the actual trade plans and begin making REAL money! Use these advanced strategies to leapfrog you to the next level!

Technical Analysis for the Professional Trader CD (Part 1) This CD contains critical information to help you learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Trader CD (Part 2) Further refine your ability to use S&R lines, trend lines, candlesticks, continuation patterns and more.

Technical Analysis for the Professional Trader CD (Part 3) Learn how to truly understand and use Indicators for what they were designed for.

Fibonacci CD – Use Mathematical Magic for Better Profits from Each Trade Learn how to use Fibonacci Retracement, Extension and Projection Analysis to maximize your profits and tightly control the losses.

Trading as a Business CD – Trader Tax Strategies Learn to keep your trading profits with this excellent new CD, co-produced by Online Trading Academy and Traders Accounting.

Stress Management CD – Turn Yourself into that Successful Trader That is Inside Learn how to reduce stress in your life as a trader – remain cool under pressure and take the profits as they come.

10 Laws of Risk Management CD This course will take you through the 10 basic laws of Risk Management that will solidify your success as a trader.

Forex Trading Home Study Courses

Professional Trader Education Value Pack for Forex Traders Receive over 15 hours (8 CD’s) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.

Forex CD 1 – The Fantastic World of Forex Learn Forex Trading from a pro with this Brand New CD – by Mike Mc Mahon – pips, leverage, which currencies to trade – it’s all here!

Forex CD 2 – Advanced Forex Trading Strategies Learn the more advanced Forex Trading techniques from a pro with this Brand New CD – step-by-step instructions through high probability entries, exits and the necessary stops to give you maximum profitability and capital preservation.

Technical Analysis for the Professional Forex Trader CD (Part 1) Learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Forex Trader CD (Part 2) Learn to use Support & Resistance in combination with proper Trend Line drawing to mark on the high probability Entry/Exit. You learn how to “Stay In” a trade as we explore continuation patterns and the use of Moving Averages.

Technical Analysis for the Professional Forex Trader CD (Part 3) Learn to use Technical Indicators for the trading of Forex. We will explore their proper use and evaluation and dispel many of the bad beliefs many have been given by the “guru’s”.

Technical Analysis for the Professional Trader CD (Part 1) This CD contains critical information to help you learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Trader CD (Part 2) Further refine your ability to use S&R lines, trend lines, candlesticks, continuation patterns and more.

Technical Analysis for the Professional Trader CD (Part 3) Learn how to truly understand and use Indicators for what they were designed for.

Fibonacci CD – Use Mathematical Magic for Better Profits from Each Trade Learn how to use Fibonacci Retracement, Extension and Projection Analysis to maximize your profits and tightly control the losses.

Trading as a Business CD – Trader Tax Strategies Learn to keep your trading profits with this excellent new CD, co-produced by Online Trading Academy and Traders Accounting.

Stress Management CD – Turn Yourself into that Successful Trader That is Inside Learn how to reduce stress in your life as a trader – remain cool under pressure and take the profits as they come.

10 Laws of Risk Management CD This course will take you through the 10 basic laws of Risk Management that will solidify your success as a trader.

Options Trading Home Study Courses

Professional Trader Education Value Pack for Options Traders Receive over 16 hours (9 CD’s) of our best Options trading education in one package! From our beginner to our more advanced courses, this package will work synergistically to increase your trading knowledge and propel you to trading success.

Options CD 1 – Opting for Options Trading Get introduced to the flexible world of Options trading and how to use them to manage risk in your trading.

Options CD 2 – Understanding the Greeks Get the real story behind the “Greek” letters and how they affect options!

Options CD 3 – Mastering Options Volatility Volatility in Options Trading is singly the most important aspect when calculating a high probability profit. In other words, master this concept, and watch your trading account increase!

Technical Analysis for the Professional Trader CD (Part 1) This CD contains critical information to help you learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Trader CD (Part 2) Further refine your ability to use S&R lines, trend lines, candlesticks, continuation patterns and more.

Technical Analysis for the Professional Trader CD (Part 3) Learn how to truly understand and use Indicators for what they were designed for.

Fibonacci CD – Use Mathematical Magic for Better Profits from Each Trade Learn how to use Fibonacci Retracement, Extension and Projection Analysis to maximize your profits and tightly control the losses.

Trading as a Business CD – Trader Tax Strategies Learn to keep your trading profits with this excellent new CD, co-produced by Online Trading Academy and Traders Accounting.

Stress Management CD – Turn Yourself into that Successful Trader That is Inside Learn how to reduce stress in your life as a trader – remain cool under pressure and take the profits as they come.

10 Laws of Risk Management CD This course will take you through the 10 basic laws of Risk Management that will solidify your success as a trader.

Stock Trading Home Study Courses

The Ultimate Professional Trader Plus CD Library Receive over 38+ hours (24 CD’s) of our highest quality trading education in one package! Order all of our trading education CDs at an astonishingly low price! Get the education you need to increase your trading profits!

Professional Trader Value Pack for Direct Access Stock Traders Receive over 30 hours (16 CD’s) of our best direct access trading education in one package! Our new trading value pack focuses on the core aspects of direct access stock trading. A great place to start your trading education!

Advantages of Direct Access Trading with NASDAQ Level II CD This CD is a must if you want to understand the New Tools of the Trade and the problems the common investor or Online Electronic Trader are faced with.

 

Fibonacci CD – Use Mathematical Magic for Better Profits from Each Trade Learn how to use Fibonacci Retracement, Extension and Projection Analysis to maximize your profits and tightly control the losses.

8 Key Times of the Market Day CD You will learn when to be in the market and when it is more profitable to stay out.

Technical Analysis for the Professional Trader CD (Part 1) This CD contains critical information to help you learn to use charts and technical indicators in a clear, simple and concise manner to improve your trade entries and exits.

Technical Analysis for the Professional Trader CD (Part 2) Further refine your ability to use S&R lines, trend lines, candlesticks, continuation patterns and more.

Technical Analysis for the Professional Trader CD (Part 3) Learn how to truly understand and use Indicators for what they were designed for.

Trading as a Business CD – Trader Tax Strategies Learn to keep your trading profits with this excellent new CD, co-produced by Online Trading Academy and Traders Accounting.

Stress Management CD – Turn Yourself into that Successful Trader That is Inside Learn how to reduce stress in your life as a trader – remain cool under pressure and take the profits as they come.

Learn To Think Differently CD – How to Profit from Market Trend Changes Profit with contrarian indicators by identifying market tops and bottoms.

Short Positions – How to Trade Profitably by Going Short Most traders go long quite often – but in a flat or bear market, knowing how to go short will spell the difference between success and failure!

10 Laws of Risk Management CD This course will take you through the 10 basic laws of Risk Management that will solidify your success as a trader.

6 Psychological Biases CD – Who are you really? One the biggest causes of trading failure is a lack of understanding of what drives each of us to act in certain ways. This course will help you explore why, what and how to overcome these “pitfalls of the mind”.

Mastering Nasdaq TotalView Data System CD (Part 1 & 2) Learn how the new cutting edge TotalView system can help you enhance your trading results.

Power Trading in Globalization 3.0 CD This excellent CD will show you a true perspective on the chaotic world of finance, debt bubbles and how to protect yourselves, loved ones and finances.

Broad Market Analysis With Fernando Gonzalez Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez and Mike Mc Mahon in a key educational CD that will show you how to analyze the big picture of the market and how to continually adapt yourself and your trading to it.

Mind, Method and Market With Mike Mc Mahon Discover how to overcome personal characteristics and “hard-wire” successful responses in your trading. Controlling your emotions is a huge part of trading success!

Start Trading FX Financial Trading Center

We’re proud to be able to offer you access to some great financial training materials. We’ve been talking with the Online Trading Academy, who run free seminars and have great free resources.

They’ve set up some information for our readers here:

How to Trade without losing any money ever

Trade Online.. and never lose money they claim..How can this be possible? Let us show you the only way we know how..

We all read the stories of people losing millions trading the markets (or recently the Socgen losses in the billions) and in recent times (2007 Oct – the losses in the “Credit Crunch” are Billions of pounds.. it boggles the mind. Ok so it’s clear, you can lose a lot of money if you don’t know what you’re doing.

On the flip side, we hear of traders earning vast sums, and the excesses of the city. So what is reality? and how can you get the good without the risk. Well here’s one solution.

So are you ready now to let us show you the how you can learn to trade without losing any money.

The secret is simple: Don’t trade with real money!! We told you it was simple.

Most only trading companies have great free games and trials where you can trade, with all the fun, excitement, and experiences of the real world onlne trading platform. They are often a 100% free, and don’t usually require you to send in any paperwork or give you credit card details (if they do we’d recommend you check the fine print very very carefully – after all why would they need these details?) So then you can learn to trade and all without risking any real world money.

As with many things in life, you can only become better through hard work and practice, (unless you’re a natural genius, which many of us aren’t) so “Practice Makes Perfect”.

So what to to look for:

  • Using real world price feeds for the trading game
  • Ability to run a position for a long time, (weeks, months)
  • The ability to have multiple demo accounts
  • Don’t put in any bank details to play the game

There’s a great one here

Paddy Power Trading

Things we’ve found help when you’re learning/practicing:

  • Try and behave as if the money is real (losing £100k, shouldnt’ just mean you reset the account as if nothing went wrong, in the real world that would not be the case)
  • Come up with your strategy, and trial it over a steady piece of time. Test it, and re-test it.
  • Do research different markets
  • Do research trading strategy, regulations, laws and taxes.
  • Do enjoy learning.. it is a game, and you can’t lose any money as you’ll be trading in a simulation, also you learn better when the mind is stimulated and having fun. (for getting the mindset try nlp).

Summary: Learn to trade in a Game/Simulated Environment

So it’s fairly clear, that by learning to trade in a simulated “game” environment, where you use real market data and the same online platforms, you can build up experience and learn how to start online trading.

So just like when you learnt to pass your driving test, you didn’t first go onto the motorway in rush hour by yourself, so it is with learning to trade online.

How about winning real money.. without risking any

There are also competitions out there that pay real world money to the winners of their trading games. Now that is a great trade! You can find a list of current competitions here

Paddy Power Trading

Essential News and Information Sources

Keeping up to date, with the latest news in general, currency movements, economic indicators and other factors which can impact the markets, and traders views is essential.

General News Sources

The BBC website is very useful, and is a well established news source. This covers a large variety of content, the business section is more specialised.

The Financial Times is a good website for financial and general news, as well as assessing sentiment.

Reuters and Bloomberg are good information sources but to get up to date information you need to pay for a feed, which isn’t practical for most traders.

Forex , FX, Currency News

Forex News Macroeconomic views how the the economic calendar and central banks can affect the currency markets.

FX Street – daily listing of major daily currency analysis and forecasts with support and trading suggestion forecasts.

Currency Pro – A Forex Portal with strong analysis on the Major Currency pairs.

Euromoney – Lottery – you could win millions

It may not be an fx trade, but a possible £95million seems to good an opportunity to miss. In this article we’ll highlight a key question to ask yourself.. are you gambling or trading?

Play EuroMillions Online


Play EuroMillions Online

So did you gamble, did you trade, did you bet? There is a question of when a trade becomes a gamble, when logic gives way to sentiment, and when the idea of something becomes more attractive than the real statistical probability would suggest it should be.

Me personally I like the lottery from time to time, ensure I only play a small amount that I really am prepared to lose, and look at it as entertainment. Where as my fx trading, well that is something much more serious.

Why and How to Start Trading Forex

In this article we’ll set out the reasons to start trading forex, and how you can go about it.

When you’re ready you’ll be able to open your first trading account, and start trading, and have learned to trade the currency markets for free, and be part of an exciting vibrant trading community

  • The fx/forex markets are rapidly becoming the most popular market in the world for people to start trading. They have low entry costs, very competitive offerings.
  • If you’re in the UK .. you can trade the FX markets for free using platforms like PaddyPowerTrader (Winner of our 2007 Award for Best Platform)

Paddy Power Trader

Why trading the fx markets makes sense

  • The markets are mature
  • Millions of people trade the markets every day
  • Currency is used by people across the globe in their daily lives

Trading Games?

  • There are lots of free demos and trading games, where you can practice trading before ever risking any real money
  • These often have real world financial prizes

FX Trading Platforms

There are many online trading platforms, which means you can chose the one which most appeals to you. You should consider:

  • The costs
  • The service you receive
  • The times of trading
  • The number of underlyings
  • The location and regulatoiry background (e.g. FSA registered in the UK)
  • Their extras – training activities, newsletters, advice
  • Their current customer feedback
  • Revies / Ratings
  • The advice of your independent financial advisors

Paddy Power Trader