Archive for February, 2010
about the stock market?
i have always wanted to learn how to play the stock market… but dont know where to go to find information..is there a site i can go to that will show me how it is done .. i need something easy kinda like stocks for dummy’s
You might be interested in http://www.top10traders.com – this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month’s best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
What kind of people make automated trading system?
I’m in need of someone who creates software for FOREX commodity and stock trading, are they called programmers?
Typically it would take a team of people to create an automated trading system.
You would have at least one industry specialist who would determine what the system should do.
You would have at least one systems analyst who would determine what hardware and software would be required to do it. He would also write up the specifications for the software.
You would have at least one programmer who would actually write and debug the programs according to the specifications.
Best in person Trading Course in the country?
I work at a trading firm and my boss wants to put me through a comprehensive trading course to be a prop desk trader. The course I enrolled for at the local university has me as the only enrolled individual so I am afraid it may not happen.
Are there any comprehensive or a list of trading courses in person that I may be able to enroll for?
That doesn’t sound that good. How about some trading courses with the CME, which is the trading exchange in Chicago. That would be comprehensive or specialized in the areas you need the education.
Can someone suggest a book that will teach me what company I should buy stock from?
I’m looking for a book (not Stock Investing for Dummies, because I already have it), that will teach me how and why I should buy stock. When to invest and so on. I basically am looking to invest in the stock market, and want to know how I can find the companies that I should invest in. THANKS!
For awhile I read a lot of such books and found most didn’t cut it. I simply taught myself a good deal–from reading those books, magazines (like Forbes, Money, Fortune, Smart Money, Fast Company, etc.), listening to shows such as the Saturday morning Fox block–The Cost of Freedom–which is 4 half-hour shows back-to-back. (BTW, my favourite for investment advice is Wayne Rogers. Seriously.) I also just did it. Turns out I had a knack for it, but it involves a lot of work.
Anyway, I still read some books, and I liked Mary Buffet’s The New Buffettology. In an interview I saw with Warren Buffett (and I prefer results to degrees, so I am happy with his results), he said he doesn’t read any of the books about him. However, as that’s a former daughter-in-law I think she had the inside track.
BTW, Buffett puts some interesting stuff on his site:
http://www.berkshirehathaway.com/
You will do worse than to read that.
You also need to understand, especially now as things are particularly wild, that you do NOT invest money you can not afford to lose. You don’t go in with a negative attitude, but no one has any business borrowing money to invest in the market. If you’re that good at it, you’ll run up value from savvy trades and dividends; if you’re not that good, you’re going to default.
I highly recommend Scottrade when you decide you’re ready to open an account. I think people should be able to manage their own affairs. I’ve known too many people who handed their money to "experts" who messed up. The experts were paid, the person whose money was lost was SOL. Personally I get better returns on my investments than most of the fund managers I hear about, but not as good as Buffett 
And NO I am not soliciting to do any advising for free or for a fee because I’m not appropriately licensed for that. I manage my father’s pittance and get him more in dividends per month than his pension. I advise my brother and recouped the quarter-million plus his "experts" lost for him. My main income is dividend income. I could do more if I’d get more sophisticated and do options and such but I don’t have the energy for that (I’m ill. I use my time as best I can and sometimes I do something completely different–like these answers–to try to distract myself from pain OR to not get into a rut on my financial thinking. THIS is a "break" activity for me.)
You should be sure to understand things like basics:
difference between market and limit orders
stop-losses
what an ETF is
Personally I don’t like mutual funds–had a couple in the early days, but I do better on my own.
You need to decide how much risk and volatility you can handle.
You need to decide if you’re going to value DIVIDENDS or not. I do. Not only is that my main source of income, BUT it is harder to cook the books and pay regular dividends. Capital appreciation of dividend paying stock does NOT suffer either. I see NO downside to dividends.
You also have to decide if you’re an investor or a trader. Traders can literally sit there for hours buying and selling to catch a profit. I did a little of that for my father as he started with an investment of $2K. I don’t waste my time and energy on that now. I am an investor–in it for the long-term (which also tends to be good for tax purposes as well. And I don’t give tax advice other than to say to FILE and if you need help, hire a pro.)
Stock market investing is interesting and can make you rich or poor–it will take time to learn what you NEED to give yourself a decent chance of making this an investment instead of a gamble.
Is there any Automatic Stock Trading software / service provider in India?
I would like to setup Auto Trading System here in India, can any one tell me the company / software that are working in India.
Automatic Stock Trading software/service has been used by high end users like investment bankers, top mutual fund houses.
There is rare case of such providers.
Which forex trading courses deal with Risk Management?
Here are three online courses that will discuss risk management:
FX Powercourse run by FXCM’s education department. The cost is $19.99 but it is interactive compared with self-help for the free courses.
http://www.fxcm.com/forex-power-course.jsp
BabyPips. Free online course.
http://www.babypips.com/school/money_management.html
Informed Trades. Free online video course.
http://www.informedtrades.com/trades.php?page=freetradingcourses
Stock Market For Dummies / A FREE Step-by-Step Guide to Stock Market Basics
Http://www.apextrading.webs.com Stock Market For Dummies has FREE Step-by-Step Videos to Stock Market Basics. Before investing in stocks, you should know the functioning of the stock market
Duration : 0:5:6
A Simple Trading System Using Stock Options
Here’s a simple trading system using stock options during earnings season
Duration : 0:8:33
Forex Profit Accelerator Review | Trading Course
http://www.forextradingdominance.com/forex-profit-accelerator-review: Learn about Bill Poulos’ Forex trading course, Forex Profit Accelerator. Is it his best trading method or is it a waste of time and money?
Duration : 0:6:52
Stock Investment for Dummies?
I wanted to invest some money in the stock market since everything is down and I have hopes that things will over time get better. So, I have a few different stocks that I’m interested in investing in but I’m not sure how to go about it. I was wondering what a good broker site is for small transactions. I see most sites you have to open an account with a minimum $500.00 to invest…I’m not quite ready to do this yet. Is there a good site to recommend?
There are many cheap online sites, all are relatively simple. TD Ameritrade will let you open an account for $500.00. Their software, (free) has trading tools that will help you. Here are some things to consider:Do you have a strategy? What rate of return are you expecting? (not hoping) Do you have at least 5 active web sites to do your strategy check. I liked the strategy of short term trading, vs day trading. Short term trading I would execute 1 trade every 5-8 trading days. I set up to make a profit of 8-15% every trade. I developed my strategy over years of trading then found out that Wade Cooke used a similar but refined strategy. He invests in rolling stocks. Finding a stock that rolls 8-12% over a short period of time, alway repeating the highs and lows. I would average 40 -55% a year in good trading years. Stocks are volatile, but in a bear market right now, and that is good and bad for this strategy. I suggest buying the book on Amazon.com "Wallstreet Money Machine" by Wade Cooke. The work comes in finding the stocks that roll. YOu can buy a hard cover for less than $1.00 used.