Thursday, July 24, 2008

STOCK TRADING ONLINE

Online Stock TradingDay Trading It is a unique Web Site and Stock Market Newsletter featuring expert picks and tips that will help you become more successful in your online stock trading and swing trading.
The Stock Trading NewsletterPublished every morning before the Markets open, the Day Trading It Newsletter is geared toward short term stock trading (1-10 days) and intraday stock trading. Every Market evening we analyze the entire market and scan through a large database of stocks separating those with short term trading potential from those without potential. We then present our trading picks to you in our daily Newsletter. Our approach successfully captures volatile stocks that are in place to move rapidly and are well positioned to make substantial moves, typically profiting within 1 to 7 days. Get the stock trading tips and picks your trading needs to succeed!

Learn how to trade stocks like a pro. Professional stock trader, and three-time winner of the classic hedge hog stock trading contest, Tony Oz, shares the methods which made him one of the most respectful stock traders in the world. These are the methods which Tony Oz uses in his trading every day. From beginner to intermediate the knowledge you will gain will pay for this course ten times over! This course is designed to improve your trading skills.
At the Wealth Expo on 3/12/2005, this is what Tony Oz had to say about this course: "I don't hold any live stock trading seminars anymore. I have no reason to do so because my complete stock trading system is now available in a format which gives the end user a great value. The best thing about this Stock Trading Course is that a student can skip and replay segments as he or she wishes. They cannot do that in a live stock trading seminar. And since my approach to stock trading is exactly the same as featured in the course, it's definitely relevant to today's market."
G.N. from Los Angeles wrote to us that Stock Trading Course "is well worth the money and absolutely essential"
In a review, R.T., a professional stock trader from San Diego said, "It is an entire stock trading system rolled up into a little package."
C.M. sent us an update email that said, "I just wanted to let you know that if in the future you get someone else asking the same question that I did, re: Should I purchase the CDs You can let anyone know that someone else wrote in earlier with that question and after several months and watching the CDs several times and learning from them every time, that it is a "YES"
"Once you read one of Tony Oz's books, or watch the course on CD, you are hooked...I personally learned more from Tony's CD course than from all the books and seminars I attended combined. And I've read at least 20 books and attended many seminars before I got my hands on this course." ~ Beth Jackobson at Traders Expo, NY 2/13/2005.
While at the Online Trading Expo which took place in NY, NY in 2005 this is what traders who walked up to us had to say:
"Tony's simple approach becomes contagious throughout the course."
"I strongly recommend Stock Trading Course for beginners who want to build fundamental just like me"
"Each time I watch a segment of any of the four CDs of Stock Trading Course, I get a little more out of it. I'm am SO glad I got this CD course!"
"Stock Trading Course is a useful reference and explains many new, specific techniques that traders will find useful"
"He really does a good job reinforcing the importance of finding support and resistance levels"
"I really like Mr. Tony Oz stock trading system because it is really simple"
"I have to give a strong recommendation to this course."
"This course is worth every penny and much much more. Tony Oz is one of the primary reasons why I now trade for a living" ~ Mikhail at Traders Expo, NY 2/13/2005.
For a limited time only. Save more than 30% off the retail price by ordering directly from us.

Stock Trading Live stock trading captured in real-time. Click to view this stock trading lesson.
Swing Trading Finding a swing trading setup and trading it. Click to view swing trading lesson.
Trend Trading Pattern recognition of support & resistance. Click to view this trend trading lesson.
Day Trading Live day trading scenario captured in real-time. Click to view this day trading lesson.
Trading System Developing a trading plan. Click to view this stock trading system lesson.
Actual layout size of course: 1024 X 768 pixels. Recorded live during a two-day seminar. Two videos play at the same time. Stock Trading Course contains four 90-minutes CDs.

ONLINE FUTURES TRADING

FEATURES:
React immediately to market ebb and flow with the MD Trader™ vertical market depth display.
Customize the interface to fit your personal trading style.
Execute trades with a single click.
Connect to multiple markets, including CME, CBOT, Eurex, Eurex US, LIFFE, Euronext, Xetra and NQLX. And soon connect to ICAP's BrokerTec, ICE® and IPE.
Access and trade multiple exchanges simultaneously.
Control a group’s exposure to the market with pre-execution credit management controls.
Diagnose problems instantly, and eliminate them from anywhere at any time with Super Guardian™.
Link to Excel® and other analytics.
P/L, Balances and Position tracking
Access both electronic and open outcry markets
Option Spreads
Depth of Market, one-click order entry
Multiple Leg Spread Orders
Different Types of Strategies (Strangles, Straddles, Combinations, Calendar Spreads, etc.)
Account Statements
Monitor account activity
Quotes page
Real Time Profit and Loss
Get E-mini fills in seconds
Access both electronic and open outcry markets
Easy Order Entry Point & Click
HTML Web version available
Make market orders, limit orders, multiple contract orders, calendar spreads, inter-product spreads and more.
Enter specialized order contingencies such as GTC, FOK, IOC, Stops and more.
Define and manage spreads easily.
Easily access dynamic audit trail real-time fill and position details.
View working orders, fills and market depth from a single window.
See at a glance whether open positions are profitable relative to market conditions with average price highlighting.
Make two-sided markets on any tradable instrument with market maker functionality.

FOREX ONLINE TRADING

To say that the great expansion of the internet has had a tremendous effect on the market would be the understatement of the century. Virtually all facets of the economy have been impacted by the internet and nowhere is this more apparent that in the forex trading market. In a way, the marriage between forex trading (the buying and selling of foreign currency for investment and profit) and the online realm is a perfect union. Keep in mind, the forex market is a virtual market that is open 24 hours a day so the ability to tap into the market 24 hours a day is an absolute necessity. This is where the internet comes into play in a big way.
The ability to trade currency on the internet has been greatly expanded by a number of online currency trading companies that have been set up to satisfy investor needs for reliable trading companies. These online trading services provide a safe and reliable method of transferring money online in order to make currency trades. After all, no one wants to deal with an entity that is unreliable particularly when financial matters are concerned. As such, online forex trading companies provide the necessary security to make such trades with confidence. As should be expected, these online forex trading services charge a fee for their use but the value that they offer more than makes up for the costs associated with their use.

Forex Trading - Do not start any Forex Trading before you read this ... Forex Trading is rapidly gaining popularilty and Forex is the largest financial market in the world today. It has an estimated of more than $1.5 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of the New York and London Stock Exchange on any given day.
The forex plays a vital role in the global economy and there will always be a tremendous need for the Forex. It is simply an Exchange where the currency or money of one country is exchanged for another. As long as there is international trade , there will be Forex. It has to exist so a country like Japan can sell goods in the United States and be able to receive Japanese Yen in exchange for US Dollars.
Forex trading needs no further elaboration here. Important thing to note is that when forex was deregulated in 1997 , independent forex traders like you and me , finally had access to the biggest trading market of the world !

DAY TRADING ONLINE

Discover how to combine the power of your computer with the power of your intuitive right brain to run your own emini futures day trading business and achieve financial independence...
regardless of your trading experience.
In our 14th year.A full year course kicked off with 5-days of True One-on-One™ training.Online or In-Person...your choice.Followed up with a full year of mentoring and support.
Visualize sitting in front of your computer. You have two monitors. On your right monitor you're playing a video game, web browsing, checking your email, or doing anything else that's interesting to you. You occasionally glance at your left monitor which has one chart with no indicators. No grid lines. No trend lines. No support or resistance lines. Nothing. Just a raw price chart.
You see a crystal-clear entry pattern. Without hesitation you enter your order. The price goes in your direction. Your order entry software automatically exits a portion of your contracts to lock in some profit and to give you a near risk free trade. You trail your stop and after 14 minutes you get exited. You made money.
You find that making money daytrading is stress-free because you understand how crowd psychology (mass psychology) moves the market. You know how to quickly and effortlessly recognize repetitive patterns that are based upon mass psychology. You are in control of your emotions (something most traders never conquer).
Hi, my name is Paul Quillen and together with Mickey Young, we can train you to daytrade. Here's some comments from Mickey:
"This is my 10th year of full-time trading and my 6th year of teaching DayTradingCourse with founder Paul Quillen. Paul is in his 16th year of full-time trading and in his 13th year of training daytraders worldwide."
You'll learn on-line from the convenience of your home (or in-person if you prefer). True One-on-One™ training. Just your instructor and you — nobody else...for a full week. You get everything that you need to start your daytrading career. After your week, you get a full year of support and mentoring (and if you want, it's extendable).
During the initial 5-days of True One-on-One™ training, you'll see our patterns appear again and again throughout the trading day...even if all you previously saw was erratic up and down price movement.
By the time we start live trading on Wednesday, you'll be surprised at how easily you can recognize the patterns and predict the next move.
Simplified Pattern Recognition Works
We simplified pattern recognition for you because that's what works for us, real-time (hard right edge), trading real money in our own accounts. You will only have to learn 3 Entry Setups in order to trade successfully.
This style of pattern recognition transcends all mechanical systems and trading software (which typically get you into trades late when the risk is higher and when there's less profit left in the move). Mechanical systems are also slow to react to the rapidly changing conditions of the emini futures market in real-time -- they often miss trades that your eye will easily see.
That's because your brain is much more powerful than a computer program. (Take a moment and let that sink in. This is a key point that many indicator/system traders never discover.)
Your brain is perfectly suited for finding high probability trade setups, and properly managing trades. Your brain handles these functions faster, easier, and more reliably than any computer software.
"Man is the best computer we can put aboard a spacecraft."- Wernher von Braun, NASA Scientist
Warning: Mechanical Trading Systems Fail!
Don't be fooled into buying software that promises easy money with the simple click of a mouse. If you hear "fast, easy money" and "trading system" in the same ad, run away fast.
It's not that those ads aren't seductive. They are. "Get rich quick with little or no effort" is designed to seduce you.
The opposite of those ads is what it takes to succeed in the real world of trading. We train you how to:
Recognize reliable, repetitive price patterns.
Be disciplined about your money management.
Follow time-tested, proven trading rules that keep you out of trouble.
Plus we are available to you for a full year to answer questions, keep you updated with our trading advances, and keep you on track to trading independently.
Repeat: Mechanical trading systems fail long-term. They're programmed using old data. This process is called "curve-fitting" or "optimizing."
But... when we're daytrading, we're not trading old data. We're trading new, different data.
If you've ever bought a mechanical trading system, you've noticed it gets "updated" frequently (using newer, but still old, data), in futile never ending attempts to catch up with the current market personality.
Mechanical trading systems just can't keep up. We're full-time traders who are always looking for ways to improve our own trading results. We've been testing mechanical trading systems for 16 years, and are still testing them, and have found that mechanical trading systems simply don't work consistently enough to make a profitable trading business.
What we mean is that mechanical trading systems suffer long term trading losses because periods of profit are followed by periods of deeper drawdowns. These net losses are the cause of emotional distress and financial uncertainty. You feel bad.
Don't be Fooled by Occasional Success
The worst part about mechanical trading systems (other than losing money over the long-term), is that they produce an occasional win which fools you into thinking the system might be working.
Trading this way is like playing slot machines in Las Vegas. An occasional win (called "intermittent reinforcement" by psychologists) is an addictive force. Gamblers keep reaching for more coins and traders keep trying more trading systems.
Learn How to Daytrade Your Way to Financial Freedom
Fortunately there's a powerful alternative to mechanical trading systems: Train with us, the oldest stock-index-futures-only daytrading school in existence. We didn't start out teaching stock or forex daytrading and then switch to futures daytrading like other courses. We've always had a laser focus on daytrading stock index futures exclusively.
Most daytraders that start out daytrading stocks or forex eventually end up daytrading emini stock index futures. (There's a reason for this which we will show you on day two of your initial 5 days.)
It doesn't matter what background or trading experience you have. Since it's just you and your instructor (who will adapt to your needs and skill level), you get far more out of the course than you would in a group setting (even a small group of two).

ONLINE STOCK TRADING

Online stock trading is very old concept for big institutions who tradethru private networks owned by Reuter's "Instinet" and a system called"Posit" since 1969.
But It become internet based for lay men only in late 90s.
Funny, that actually idea was first time used by a company making Beercalled "WIT beer" to help its shareholders trade its shares. Thats how "WITCapital" was born which is considered pioneer of this concept. It was mademainstream and household name by a offshot of Charles Schwab & Co called eSchwab which is used by millions of people in USA. Lot of NRI's i know playin US stock market even when they come to India for holidays via websiteof eSchwabe.
There are other serious players like E*trade, DATEK online etc. All thiscompanies ask you to start account with US $5000 and you can buy and sellstock using this funds. They also issue you a check book which you can useto make payments from this account. Or use their ATM card to withdraw cash from your stock trading account.
Today practically every big name brokerage firm offers online strock tradingas it reduces their costs. Earlier they had army of brokers on phone withclients executing trade, now that is done by computers accepting orders fromclients directly. This firm now offer human access to high networth accounts, and to rest at charge per trade. (e.g if web based trade will cost you $10per 1000 shares, human assisted trade will set you back by $40 or more).
In last 2 year in India we have seen lot of developments in this, good andbad, successful and not so successful. ICICI webtrade, Sharekhan areconsidered biggest brands in this arena. ICICI webtrade is particularly veryattractive to users as it combines 3 segments of transactions , i.e., bankaccount , demat account and stock trading account. ICICI being the owner of all the three services they are all very well integrated.. Other player's have tieups with Banks and Depository's but its not same as seeing all three in one webpage.
Frauds in this area were non existant in 2000 as it was still new for most ofindians. But in year 2001 and now 2002 we have been seeing perils of webbased stock trading and banking.
One thing which potential client should pay attention to is, agreement withbroker, how it defines risks of hacking and who bears it. In USA for webbanking and online stock trading risks are usually borne by company/bank andnot client. Companies have insurance coverage and that helps consumers moveon to online trade (companies save lot of money by not having human talkingto you, compared to this, fraud insurance cost is almost negligible).
But in India, because of tendency of consumers of not looking at agreementscarefully and companies also believe in passing all costs/risks toconsumbers and retain profits for themselves. Hence most online bankaccounts and stock trading accounts agreements clearly mention thatbank/broker is not liable for any loss leading from hacking of the account.In this situation smart person would avoid using this services. Brokers andBanks benefit tremendously when you use them via web and not call them onphone, but most people are not aware of this, they try to create impressionas if they re doing "favour" to us when offering us web based bank/brokerageaccount access.
In 1997 when ICICI BANK launched web banking they were charging Rs.1000 foraccess thru web from their account holders and new accounts, and "waiving"this charge for select few customers. Common sense would tell you that everytime 30 people access web for ICICI banks, ICICI BANK has to employ one lessperson in its call centre. Now this kind of charges don't exist but stillthey make it sound as if its "free" as favour.
Hacking on stock trading account happens in two ways.
1) When server of stock broker is hacked into by outsider or employee andthey insert trades of shares/security on account of clients, there byexposing client to loss of his balanace in his/her account. To prevent this, broker has to implement state of art security policy and security measureslike best available firewall, keeping main database computer behind firewallnot accesible from outside internet and having only one or two key senioremployees access to this database. And their verification should not be justby password but use of biometric authentication is must.
Also having outside experts doing ragular audit of system and network isgood idea to find out weaknesses before hacker finds them. Lot of young CAs in India nowspecialize in IT audit and have CISA certification apart from being CA.
2) Keylogger. If hacker installs a software called "keylogger" on client pc,it copies to a file , every keystroke typed on that pc. And at regularinterval without clients knowledge that file is sent via email on internetto hacker. Hacker learns all username/account id and passwords of clientwhen client uses this pc for accessing his bank, demat and stock tradingaccounts.
Once this is done, hacker can go to any cybercafe and use this accounts toempty balances (cybercafe so that authorities can't track him down via IPaddress which will reveal his identity if he does from his home or officepc).
There are ways to prevent this from happening. One should not use computersto access accounts which are not trusted (like don't use cybercafe, or otherpeople's computers for accessing net based bank/brokerages). When you buy apc, buy it without Operating System and install OS (windows 2000 or XP) onyour own. If computer comes pre loaded with OS it may have Keyloggerinstalled by engineers of supplier.
Use OS like WinXP or Windows 2000 which will not allow anyone to access pcwithout proper authorization. Don't use Windows98 or 95 which doesn't haveany security measures built into it.
Use firewall like "Zone Alarm Pro" to detect any suspiceous software sendingout data to outside world (like keylogger sending out email to hacker).
Keep antivirus software (like Norton Antivirus 2002) updated everyday todetect new trojon viruses which do job of keylogger. Viruses now routinlycome as attachment to email and don't need use to click on attachmentanymore. They just execute themselves from outlook express email software.
All above are best one can do today, but in few months in year 2002 you willsee banks and brokers using Biometric security features which cannot behacked by hackers. It will use your thumb print or retina scan of your eyes asmethod of establishing your identity and not require you to use anypasswords on keyboard. One may have to look in lense of scanner provided orput thumb on small device which will transmit thumb impression to brokerssystems over net and verify if its really you using that account.

FOREX ONLINE TRADING


Forex
The Cash Foreign Exchange MarketTrading the Foreign Currency Market for Greater Investment Opportunities
What is Forex?
The Forex market is a cash inter-bank or inter-dealer market established in 1971 when floating exchange rates began to materialize. The simplest definition of foreign exchange is the changing of one currency to another. In comparison to the daily trading volume averages of $300 billion in the U.S. Treasury Bond market and the less than $10 billion exchanged in the U.S. stock markets, the Forex market is huge; in September 1992 The Wall Street Journal estimated the trading volume at $1 trillion per day. Today, it is believed to have grown in excess of $1.5 trillion per day.
The most important foreign exchange activity is the spot business between the dollar and the four major currencies (British Pound, Eurodollar, Swiss Franc, and Japanese Yen). Participants in the market consist of five main groups: central banks, commercial banks, other financial institutions, corporate customers, and brokers.
But Forex is not a "market" in the traditional sense. There is no centralized location for trading activity as there is in currency futures. Trading occurs over the telephone and through computer terminals at hundreds of locations worldwide.
Cash Forex versus Currency Futures
As a potential investor it is important for you to understand the differences between cash Forex and currency futures. In currency futures, the contract size is predetermined. Futures traders exercise leverage by utilizing Margin to control a futures contract. (Margin is money deposited by both the buyer and the seller to assure the integrity of the contract.) Leverage without proper risk management, this high degree of leverage can lead to large losses as well as gains.
But with liquidity in mind, the futures market may seem limiting because the data flow comes to a stop at the end of the business day (just as it does with the stock market) thus disrupting your perception of the market. For some traders this could lead to a certain level of anxiety. For example, if important data comes in from England or Japan while the U.S. futures markets is closed, the next day's opening could be a wild ride.
In contrast to the futures market, the spot forex market is a 24-hours, continuous currency exchange that never closes. There are dealers in every major time zone, in every major dealing center (i.e., London, New York, Tokyo, Hong Kong, Sydney, etc.) willing to quote two-way markets. The size of this market, over one trillion dollars per day gives you near perfect liquidity. Because of the advantages of sheer volume and daily volatility, we feel that the excitement of this market is unparalleled.


What Moves the Foreign Exchange Market?
The primary factors influencing exchange rates include the balance of payments, the state of the economy, implications drawn from chart analysis as well as political and psychological factors.
Ebb and flow of capital between nations, otherwise known as Purchasing Power Parity (PPP) is the central factor that determines market momentum. In addition, fundamental economic forces such as inflation and interest rates are constantly influencing currency prices. Faith in a government's ability to stand behind its currency will also impact currency price. This is done in two ways: controls and intervention. Controls restrict citizens from doing things, which have a negative effect on the exchange rate (such as sending money abroad). Intervention takes two forms: changing the interest rate on the currency to make it more or less attractive to foreigners, or buying/selling the currency to raise or lower its market value.
Any of these broad-based economic conditions can cause a sudden and dramatic currency price swing if such conditions are seen to be changing. This is a key concept because what drives the currency market in many cases is the anticipation of an economic condition rather than the condition itself.
Activities by professional currency managers, generally on behalf of a pool of funds, have also become a factor moving the market. While professional managers may behave independently and view the market from a unique perspective, most, if not all, are at least aware of important technical chart points in each major currency. As major support or resistance levels approach, the behavior of the market becomes more technically oriented and the reactions of many managers are often predictable and similar. These market periods may result in sudden and dramatic price swings as substantial amounts of capital are invested in similar positions.


How Can I Participate in the Spot Currency Market as a Trader?
From 1971 until recent years the virtual owners of this market were the banks, multinational corporations and large brokerage firms. If an individual wanted to invest in this market, he could invest with a bank with a one million dollar cash deposit backed by the requirement of a 5-10 million dollar net worth. A slightly better option was provided by the brokerage firms, which asked a lower minimum deposit on average of a quarter million dollars.
But now the forex market has been opened up to Individual investors. *Unlike the huge sums of money previously required by the banks and brokerage firms, comparatively far lower margin requirements are finally available that now allows virtually any individual to trade along with the professionals and institutions. In addition, individual investors have the opportunity to take advantage of the growing boom in computer and communication technologies that has made this market accessible in ways previously exclusive only to large players.
*Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

TRADING ONLINE

CNBC's raging bull
An article about Jim Cramer's Mad Money (thanks to for the link).CNBC's raging bullcalendarlive.comBy Matea Gold, Times Staff WriterAugust 29, 2005
ENGLEWOOD CLIFFS, N.J. — Stumble across Jim Cramer's show on CNBC and you may think you've come upon a music video featuring a balding, manic businessman.It's "Mad Money With Jim Cramer," the former hedge fund manager's high-octane hourlong take on the world of stocks.His fans track his advice with cult-like devotion, jumping to place orders for stocks as soon as he mentions them. Professional day traders have taken notice as well.The result is a Wall Street phenomenon now known as the "Cramer effect:" The day after a stock gets a mention on "Mad Money," its price shoots up, at least temporarily, and its trading volume soars."It's amazing," said Damon Southward, manager of trader content on Briefing.com, an investor news service that began reporting Cramer's picks to subscribers a few months ago. "You see stocks that literally trade several times their average volume in reaction to Cramer."

"Hurricane Monday" gave traders their most volatile session since the London bombing in early July. Going into the morning, I started a diary to illustrate how I measured the risks and opportunities triggered by the event. This exercise will show you my thought processes when a quiet Monday gets turned upside down by bad news.7:14 a.m. EDT: I'm at my trading screen. Katrina is down in size overnight. My weather graphics show the eye headed straight toward New Orleans. Crude oil opened Sunday near $71 and dropped off to $70 immediately, It's now hovering about 50 cents below this "round number" as traders gauge the storm's impact to the supply chain....9:44 a.m. EDT: Halliburton (HAL:NYSE - commentary - research - Cramer's Take) is showing the biggest jump (up almost 4%) of all the energy stocks I'm watching. That's makes sense. Globex futures are trying to fill the opening gap. This isn't the right time for a big reversal, so I'm looking for renewed selling pressure once the market shakes out the short-sellers.

ONLINE TRADING

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