Money Forum World

Wilfredo h. · Joined: 08 Nov 2007 Posts: 2149

I need some info on day trading classes room, website, anything that may help to make money on market
i lost 30 000,00 around four year ago but I know that I can make money day trading I just need the knolege . could you some information

Chris Black · Joined: 08 Nov 2007 Posts: 2207

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MsDillard · Joined: 08 Nov 2007 Posts: 2086

Visit genphn.com they have a complete training program for professional traders. This link cme.com/edu/etrans/mem/etcres. will take you to the Chicago Mercantile Exchanges educational resource page, you may be able to find good training programs there also.

Corrine Lane · Joined: 08 Nov 2007 Posts: 2056

I am not in favor of recurrent trading, since I think the people that benefit most from it are the brokers who get paid the commissions. I think they attempt to make it seem really cool, but studying have shown no advantage to recurrent trading.

The best approach is to study the market. Look carefully at stocks that are devaluated, that are growing their business. Then you purchase and hold. You watch the stock for some months. As long as the company continues to look good you hold, otherwise you sell. But you're generally looking for the stock of the future. attempt to understand what our future needs will be, and invest in the businesses that will meet those future needs.

I think a good way to find great investment ideas, is to see what the best investors are purchasing and selling. you may be able to find this info at top10traders.com this is a free site that allows you to create a portfolio of stocks with $100,000 in play money. Each day the site ranks the best performing portfolios, so you may be able to see how your picks perform in comparison to other investors. You may also read posts on investing from the best traders, also as share your investing ideas. there's also a charting feature, so you may be able to see how your portfolio performs in comparison to the S&amp,P 500.

Here are this months best traders:

top10traders.com/Top10Standin.

Good luck.

RoyalM · Joined: 08 Nov 2007 Posts: 2111

attend ICICIDirect training. +

Tips and Tricks for Day Traders

Day traders purchase or Sell Stocks some number of times every day and close out all positions before the market closes.

The expectation of Traders is making small profits with as little risk as possible and they simply look for possible price motion depending on Technical Analysis.

Plan your trade. Trade as per your plan.

Select your Stock, choose the Quantity, choose the entry and exit price and choose the amount of money you may be able to loose if the trade goes against you.

Trading in Opening and Closing hours of the market is high risk but Rewarding.

Use a Stop Loss

Always trade with Stop Loss. Set Stop Loss Sell Order just below the low of the day or Support level and Stop Loss purchase Order just above the high of the day or Resistance level.

Never Trade too many stocks now

Always trade in High Volume Index established Shares.

Select Three or five stocks for Trading.

Get the price motion between the bottom and top

It isn't possible to purchase at the Bottom and Sell at the Top.

Try to trade between the Bottom and Top.

Buy a stock

Always purchase a stock that's going Up. purchasing level is just above the last closing price.

Short the stock

Always sell the stock that's going down. Selling level is just below the last closing price.

Dont average Your Position

One common mistake by Traders is averaging Loss making position. you have to exit if the trade goes against you.

Take control of your greed

Book Profit and leave the trading hall and enjoy the day.

Take control of your fear

Cut your loss Relax – Forget your loss quickly. Wait for next Opportunity. you may be able to Win.

Keep records of your trading results.

Always record details of your trades and mistakes. Accept failure as a step towards victory.