Traders and investors in the stock markets often use a variety of tools, both paper based and computer based, that help them to predict, chart and manage their stocks and the progress of the portfolio they hold. The software side of things has really exploded as regards the number of applications that you can utilize to take a good, clear look at the stock market and the fluctuations within it.

Many traders and analysts use a certain type of software suite to help them get a deeper understanding of how the market is performing. This is what is commonly referred to as technical analysis software.

Charting is perhaps one of the more common uses for such software, with traders using a variety of graphical interfaces to help them chart the progress of certain stocks or a spread of stocks. There are various representations that traders use to help them understand the progress of stocks, such as line, bar and candlestick charts, but all of them do the same job, and make it much easier to understand the data.

Traders can use technical analysis software with their charting at interval, to track a stock or stocks over minutes, for example. Long term traders can set their charts to run over weeks and months as regards intervals. This allows for a long view of the growth potential of stocks.

Scanners can also be used via technical analysis software. This kind of application can be utilized to scan the market to watch stocks that are showing signs of being oversold. These way traders can pick the best form stocks and have the confidence of knowing that they have detailed information.

Some technical analysis software is so detailed that it offers alert systems to the user. For example, if a stock price falls below or rises above certain predefined parameters, the software will send email alerts or offer a pop up alert on the screen in real time. This affords the trader a real advantage as regards spotting opportunities when they arise.

There are many uses and applications when it comes to technical analysis software. Traders are now used to utilizing them to bring detailed information as well as market advantage, and investors are able to call upon the traders to utilize such software as part of their customer care package.

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Posted by stockanalysissoftware at 3:35 AM EST

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Day trading comes in several of forms, and we prefer trading the futures contracts because of the extreme degree of liquidity and leverage these contracts offer. We trade primarily the financial indexes because they are firmly traded and well suited for the scalping style trading we have employed during our trading career.

In trading futures financial indexes there is no preliminary research mandatory, as you are basically trading a grouping of stocks. Further, we are sound adherent in randomness in the market and discover that previous ideas about the potential direction of market movement are a hindrance to effectively trading futures financial indexes. On the other hand, many people day trade stock charts, and there is nothing inappropriate with that. Unfortunately, day trading stocks is a capital intensive act and stocks mostly do not have the degree of price activity that the S&P 500 or Dow exhibit on a daily basis.

As day traders, a certain level of volatility, or price movement, is prerequisite for profitable trading. We have day traded both stocks and futures contracts at the professional level, and far prefer the financial futures indexes over the stocks for the reasons we cited earlier .

In order to begin trading futures contracts you must develop or learn a system of trading that will allow you to succeed. Further, since futures trading involve a high level of leverage, futures traders must deploy sound risk management rules in order to remain successful. There are many good futures trading courses available on the internet that teach novice traders to build a sound grounding in trading methodology and risk management. We highly recommend learning a specific trading methodology before plunging into the market.

Futures contracts are traded through futures brokerage firms, and it is important to choose a firm that has been in business for quite some time and with whom you feel comfortable with. Even more important, we would talk to several futures brokerage at a firm to determine which broker you feel is best right to work with you as a client. A good futures broker is a valuable asset in your trading career, so choose your broker carefully.

Most well know futures brokers can make recommendations as to which trading platform and data feed will best meet your needs as a novice trader. There are a number of trading platforms available and some are extremely cumbersome and not suitable for the new trader.
On the other hand there are trading platforms that perform the same functions as the fancy trading platforms and are far easier for a beginning trader to master. Your broker will generally give you a recommendation for the simpler platforms. Remember it is in his best interest that you profit, as his earnings is based upon the commissions generated through successful trading.

You should not start trading a live account without outlay a substantial amount of time trading a dummy account. Trading a demo account, especially as a beginner, is a good way to familiarize yourself with your trading platform and the trading methodology you have learned. You must not begin trading a live account until you can consecutively show a profit from your regular trading results. It is a grave error to plunge into the markets before you are emotionally and psychologically prepared for live trading.

Usually most of the individuals can learn to trade effectively through proper training and study that is augmented by some practical experience using a demo account. You should not jump rashly into the futures markets until you have prepared yourself both intellectually and psychologically to trade.

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Posted by stockanalysissoftware at 3:31 AM EST

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Great day traders do not possess solid trading technique and sound market savvy, they do. Among great day traders there is a sense of self-assurance that suggests a feeling of arrogance. Most individuals find this attitude dismaying and offensive, though we believe this unparalleled attitude absolutely essential to succeed. No, the motivation to keep a day trading at a high level with unvarying results is an emotion that we must sustain on our own. It is not easily done, but it is a key prerequisite of maintaining the essential psychological and emotional approach to trading.

At best, day trading is a solitary profession where the trader learns to depend solely upon his own experience and expertise. Even more disturbing, day trading can be a lonely and dispiriting experience; but it does not have to be that way. It appears that day traders seek out this singular life view for a host of reasons.

1. Many day traders guard their trading secrets zealously and refuse to let the other traders trying to their trading style.

2. Many traders are reluctant to disclose their trading failure with other traders for fear they will be judged. Of course, the exact opposite is true, as most traders are more than conformable to look in another trader’s style and make positive critique as to how it may be improved.
In the final analysis though all of these failures results in a mindset of disgrace for the trader and the result is silence.

3. While many day traders are successful, some apply highly unusual day trading methods to reach their goals. Again, this class of trader is loath to disclose his or her trading methodology because of its unorthodox nature. Once again, shame is the operant mover in this behavior.

4. And finally, many day traders are by nature shy and trading with anyone, (other than them) triggers this shy response and finds the trader reluctant to trade for anyone beside himself or herself.

These are just a few of the many reasons that some day traders are unwilling to share the success they enjoyed to beginning and intermediate trader. It is essential to understand that not all day traders are of this mind-set, and many are more than willing to showcase the trading technique that has been so successful for them in their trading. 

One thing is for sure though, and the phenomena is easily understood; all good day traders have unspoken and intangible assets which cause them to be successful. Whether it is confidence, great technique or just plain old skill, certain day traders excel at what they do. More often than not, they are willing to share their “not so secret” secrets with new traders who are struggling to establish themselves in the trading business.

Most great traders realize there are no secrets to trading. The secrets are actually the intersection of diligent study and hard work; and this thread of success seems to run through all great traders.

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Posted by stockanalysissoftware at 5:56 AM EST

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One of the most well-liked investment options existing is the Forex trading market because there is a high potential for good returns. People, as well as large institutions from all over the world can freely sell and buy currencies. The Forex market was started in the 1970s and has steadily grown to include more countries. It is possible to earn very high profits by trading in the Forex Market as long as you have the proper Forex training. 

You can learn it with a Forex trading course: It is necessity to understand how the Forex market works if you want to do well and there is not a better way to learn then through a Forex trading course.
Not all courses are created equally, so you want to make sure you use a good one. The course should teach not only the basic concepts but the advanced strategies as well. A trade in the Forex market involves two currencies. To buy a currency from one country you trade the currency of another. Typically the exchange is shown this way: JPY/USD when comparing the value of the Yen to the US dollar.

There are two values to any trade, the selling rate and the buying rate.
The buying rate should be less than the selling rate. The difference between the buying rate and the selling rate is called the spread. The spread will change due to a variety of circumstances and this change is referred to as PIPS, or percentage in points. Generally speaking PIPS are shown in values of 4 decimals with the exception of the USD and the YEN which are shown in 3 decimals. 

The basic principles that are associated with the Forex trading market is the economic picture of the country, which a good Forex trading course will teach you. You need to know this because it is the economic picture that drives the currency rates. The course should also cover the theoretical aspects as well which include the Consumer Price Index, Retail Sales, the Gross Domestic Product and the Industrial Production. 

Benefits of Forex trading videos and online Forex trading:

Online trading allows you to trade in the Forex market in real time through the use of the internet and the help of a broker. The easiest way to learn how to do this is through Forex trading videos that walk you through the process step by step. In fact, videos are very effective tools for explaining the concepts of trading in Forex online and make it much easier for you to learn.

The Forex trading videos will not only explain what you should do, they will also tell you the most common mishaps that people have and how to avoid them. Through the use of charts, graphs and current market trends Forex trading videos also make it easier to understand. The Forex trading market can be very complicated for those just starting out, unless they are using a Forex trading video. Using a Forex trading video is similar to having your own personal teacher that is there to explain things to you and show you how to use the concepts that are being instructed. They can even make the complex topics such as technical and fundamental analysis and economic indicators easy to understand. 

There is another benefit to Forex Trading videos, you can watch them as many times as you want or need to. You can also watch them when you are ready to watch them. This makes Forex trading videos more beneficial than a live seminar because you can learn on your time table, not someone else's. 

The preferred way to learn the Forex Trading market has become Forex trading videos.

Learn more about stock investing software or stock charting software? Start here: http://www.vectorvest.com

Posted by stockanalysissoftware at 3:04 AM EST

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Customarily Forex has not been the most famous target trade due to the fact use of this currency exchange market seemed to be mostly limited to hedge money, Commodity Buying and selling Agents which take care of huge amounts of money, major businesses, and institutional investors caused by legislations, cash specifications, as well as technological know-how.

On the list of key reasons why this currency exchange market possesses typically recently been industry of preference pertaining to these kind of substantial gamers is really because raise the risk a dealer usually takes is thoroughly easy to customize. That is, one speculator is able to use hundreds of period’s power though yet another may want to stop utilized by any means. However, in recent years a lot of firms have became available this currency exchange market to help retail merchants, offering utilized buying and selling as well as cost-free fast setup websites, graphs, as well as real-time announcement.

Because of this, foreign exchange trading offers increased throughout recognition, growing the appeal as an alternative resource school to industry.

Much collateral in addition to commodity dealers have begun to provide money into your mix of goods that these people business or include also switched to help trading currencies specifically. The key reason why this craze is actually rising is simply because these kinds of traders are beginning to understand that we now have many beautiful characteristics for you to dealing Forex around stocks as well as futures.
The volume as well as assets present in the particular Forex trading marketplace, essentially the most fruit juice market segments on earth, include allowed professionals gain access to a new 24-hour industry with lower exchange expenses, excessive leverage, to be able to profit in the half truths along with bear markets, reduced mistake charges, minimal slippage, without buying and selling curbs or perhaps uptick rules.
Professionals can implement inside Forex industry identical strategies that they use in examining the value promotes. Regarding standard merchants, countries could be reviewed including stocks and options.
For technical traders, your Forex companies are suitable for specialized examination, because it is currently by far the most widely used investigation software simply by professional professionals. Phone connection, and for taking a closer look with the particular person attributes of this Forex sell to actually understand why this really is this interesting market to buy and sell.

One of several major main reasons why the particular Forex market is favorite is simply because for effective professionals are it doesn't suitable sell to buy and sell. Its 24- hr character gives merchants access immediately towards marketplaces in any respect hrs during the day for immediate reply to worldwide enhancements. This specific attribute also offers traders the added mobility involving deciding their own exchanging evening.

If you have accessibility to digital camera interaction communities (ECNs) for instance Instinet regarding premarket exchanging, the market might have gapped in place or gapped decrease against an individual. All of the professionals can have without a doubt listed in cases where before the common investor can even entry this market.

Learn more about stock chart analysis and stock trading software. Start here: http://www.vectorvest.com

Posted by stockanalysissoftware at 11:58 AM EST

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Much has been discussed about the stages that a typical trader will encounter as they progress on their journey to profitability. In this article we will explore the some key phases that every trader goes through as they develop as a trader. At every stage along the way (until you reach final stage), there is a likelihood that your journey will end. If anyone sustains in these stages, their chances are bright to become one of few that can proudly state that they are a consistent, professional trader.

Stage 1 – Trading on hearsay:
This is where most traders/investors start, and end, their journeys. They are totally dependent on what they have heard and seek for advice from friends and people into the same field.  These Traders have little or no understanding of the concepts of risk or money management. Sadly these tips cannot go on forever and the journeys of these traders will invariably end in 1 of 2 ways. Now, rest of the people who decided not to quit will move to second level.

Stage 2 – Information overload and the Holy Grail:
By enter into a wonderful and exciting stage 2, people will consume as much trading material as they possibly can. Here people focus more on getting some great trading systems which allow them to win the race.
They will purchase some trading systems to help them with solutions and suggestions. They will constantly search for the Holy Grail – that one system that delivers consistent profits. They will have number of success to feel great about. In fact there is no such thing as the Holy Grail, until you yourself do not know about the basic of trading. Many people who lose hope will now quit, as they think they have tried everything in their control in order to make money in the stock market.
Those that don’t quit will move to a different and even more challenging stage in their trading journey

Stage 3 – Profit and Loss (Large P/L and emotional swings):
One day thinking you have made it, the next thinking that you have not. If anyone can makes it this far than they have a great chance of achieving the success. They have learned some great lessons on the way to this stage like, do not completely follow what other people are saying, there is nothing called Holy Grail if you are not clear with your basics of trading.

At this stage people have started developing the mind of a knowledgeable trader. They have learned what kind of trader they are and there concept about themselves as technical or fundamental, trader or investor, short and longer term trader is clear. They will know what is important in trading. Few traders will actually give up at this point, many will continue to trade with a modicum of success.

Stage 4 – Consistency:
The early stages of being a consistent trader can be like sitting on a knife edge. There are periods when you suddenly believe you are back at Stage 3, a series of losses can still occur and you begin to doubt your ability and your system. This is not unusual, but most traders at Stage 4, will have begun to develop a traders mindset.  This Stage can last for years. Understanding and dealing with emotion can take many years. Until such time as wins and losses do not affect your mindset you will remain at this stage.

Stage 5 – Professional:
Stage 5 traders are the rock stars of the Industry. They are sat in their home offices totally comfortable in their ability to make a living trading the financial markets. They have experienced periods of profitability and periods of loss and are agnostic to both. They accept that trading is simply about probability and being consistent in their approach of finding and trading edges. They will also likely have sizable trading accounts as they will be risking 1% or less on each position and looking to make 2-3% per trade.

Understanding the journey and the Stages in that journey will help us all to plot our paths to Stage 5.

Learn more about trading, stock management software or stock chart analysis from - http://www.vectorvest.com

Posted by stockanalysissoftware at 4:47 AM EST

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The rising stock market condition comparing to the previous few years have opened vast opportunities of investment and saving money by that. The open market, recent economic and financial policies have transformed the investment industry into a more flexible and approachable area for all class of people.

Those with moderate earning can now think of buying and selling stocks and make it as an avenue for income. This revolution has set trends for wide spread investments in stock trading by all types of people from various backgrounds. Sometimes, they do not even have enough idea how to handle a stock portfolio or a single stock. For this often they end up with huge loss. But if you can proceed sensibly with a prior knowledge on stock management and a little awareness on the basics on stock trade, you can save lots of money.
Here are few tips on sensible stock management process to save money

• Before you start buying a stock analyze the market condition and the prospects of various industries including different companies. There are many risk factors that you always should be aware of. There can be market risk, credit risk, interest rate risk, inflation risk, currency risk, liquidity risk etc.

• Calculate the beta of the market. As you will know the beta value, you can easily apprehend the forthcoming changes in stock market.

• Estimate the correlation. It will help you to presume the change of an index with the time series considered.

• Acknowledge the volatility of the stock. This is the ultimate help to determine the behavior of a stock.

• The return and risk ratio of a particular stock market can guide you on where to invest and how much to invest.

• Also calculate the value at risk to measure the risk of a single stock or a stock portfolio.

• To neutralize the risk, consider the option for hedging. Hedging is the complete process of analyzing and determining the necessary steps to be taken on a single stock.

• Consider the drawdown option to save money. A drawdown at the correct time can fetch you huge amount of money. Also the amount of drawdown affects on the profit value.

• There are different options of position sizing. There are fixed amount model, baseline model, equal leverage model, percent volatility model etc. Choose the most suitable one to save maximum amount of money.

• As you buy the stocks, determine alongside how much money you are prepared to lose. Then set a stop loss level to save money.

• Along with stoploss level, calculate the cutloss and takeprofit levels. Also test the liquidity of the stock to determine the characteristics of your stock.

• Do not forget to raise the stoploss level as your stock starts to get profit.

• Along with these basic financial and market analysis procedures, you must enhance your own personal character to suit with the changing stock market. You need to be very careful, organized, analytic, patient and a strong ability to take decision sharply and implement them completely.

By following these basic tips for sensible stock management process, you can save money and earn huge profits at once.

Learn more about stock management software and technical analysis software. Start here: http://www.vectorvest.com

Article Source: http://EzineArticles.com

Posted by stockanalysissoftware at 7:17 AM EST

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Stock Trading Software is a powerful tool to make money doing day trading. However, it should be used with proper care and guidance.

Stock trading dates back to the 17th century when the joint stock corporation was first invented; stock trading has several emergent behaviors from the way it works. In particular, there are advantages to having the information you need before everyone else gets it, and there are advantages to being able to execute your trades faster than anyone else can. Stock trading software attempts to put those advantages into the hands of a typical investor with a computer.

In its core precepts, stock trading software really got its start in the 1970s, when mainframe computers came down in price that they could be used to aggregate data and put it in front of traders in scatter plot and graph forms. When the PC revolution happened, this capability got more widely spread, and as the network revolution of the Internet came about, the amount of data available grew exponentially, as did the number of financial vehicles trying to use it.

Modern stock trading software tries to not only give graphical plots of the data it's gathering, but tries to match it against a database of billions of successful trades from highly trained professionals. This tries to use logical statements about what trades were made and why. Thus, it's trying to not only gather and present the data; it's trying to interpret it for you as well.

This makes modern trading software much more fluid and easier to use than it's ever been before. That means it's a much more powerful tool, with an easier learning curve.

However, since stock market trades run from plays on daily - even hourly - volatility, analysis and recommendation isn't enough - it also needs to be able to manage automated buy and sell orders. And with this, we run into a conceptual gap.

With software that's this easy to use, it makes it possible to sell it to people who are desperate to make money fast, but have no formal training in day trading or how stock markets work. It's entirely possible for someone to get in over their head, doing leveraged trades, without really understanding what this means.

In the end, stock trading software is a tool. It's not an expert stock trader in a box, no matter how much its marketers say it is. You can use it (and we recommend stock trading software to anyone who wants to work the markets), but we insist that you get a good education about what it does, how it does it, and how markets actually work before putting your trust blindly in it.

Just remember - to succeed at stock trading, stock trading must be your job. You must treat it like a job, take the time needed to research your positions and exercise judgment to be successful at it.

You can do the same by choosing great software that can help you. Tackle the issues surround day trading by letting professional software find the next big penny stocks for you.

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Posted by stockanalysissoftware at 8:00 AM EST

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