Archive for August, 2009
Author: admin
The Forex Executor Pro is not only an essential tool but also a highly effective information package for today’s traders and business minded people. A set of new rules and regulations related to NFA has binded the traders from many sides. These traders have become somewhat scared. With the help of Forex executor Pro a new level of flexibility is provided to the traders.
If you are headed towards the big game of business and if your focus is profit earning then you must get your copy of Forex executor Pro at once. According to the new NFA rules many if your powers to make orders have been taken away which would otherwise made you a lot more successful. Moreover you loose your faith and confidence about the capability of the brokers who work with you. Hence Forex executor Pro has devised a trading platform who allows you to make orders like OCO’s stops, Trailing Stops, Break Even Stop Loss orders.
The Forex executor Pro is in total match with the new FIFO regulations. This is beneficial to the traders since it hides the orders from the broker’s knowledge which prevents “stop hunting”. Traders on using this Forex executor Pro tool get the power to place orders which were pending from before. The financial state of the traders has been affected post NFA regulations implementations. They have started to scare and panic. The Forex executor Pro brings a relief to their minds.
However not everyone has been using the Forex executor Pro as this platform was not compatible with the other brokers. Only people who work on a MT4 or Metatrader 4 Platform can only use Forex executor Pro. The Forex executor Pro is designed and developed to be used in a very easy installation process and setup that is understandable by all.
The Forex executor Pro also provides cell phone text messaging service. This acts as an instant messenger for deals no matter where the trader is located. Hence business booms as communication increases the flow of money. Traders are now free of the worries and concerns to open an overseas account. The Forex executor Pro gives you the power to place orders legally.
Forex Executor Pro comes directly from the house of Forex Impact, lead by Jason Fielder and his crew who produced the Triad Trading Formula earlier this year.
Forex Executor Pro is software that you can run on your MT4 trading platform and is fully compliant with the new NFA FIFO regulations.
In a nutshell the Forex Executor Pro lets you trade like you use to without having to worry about what your broker is up to or regulations that have been put in place. Plus, it comes with an assortment of other trading treats that give you access to functionality that only programmers and high end users had access to in the past.
Here’s an overview of what you can get access to with Forex Executor Pro:
Create Pending Orders
It’s better than MT4 because brokers won’t see these orders. This means the broker won’t know when you plan on getting in and out of trades.
Breakeven Functionality
This is really cool and quite unique. It allows you can move your Stop Loss to your Entry Point after you reach X number of pips profit, which means you will not loose money on that trade.
Trailing Stop Functionality
This allows you to set a Trailing Stop after you reach a predefined number of pips profit
Pair OCO Orders
Pairing Pending Orders, so for example, if you were wanting to hedge (which is not allowed in the US due to NFA regulations) Forex Executor Pro will not only allow this trade but delete the pending order that doesn’t hit, meaning you can avoid having two trades open if the market turns and goes against you.
Super Scalp
Allows you to place orders as little as 1 PIP away from the market.
Modify & Delete Orders
As per normal.
Alerts
Get Email and Text Alerts updating you as to the status of your trades. Text alerts work by way entering your phone numbers associated email address. Also includes, audio and visual alerts at Order Open, Close and Breakeven.
Here’s a quick summary of what you’ll get with Forex Executor Pro:
- Compliant With New FIFO Regulations
- Prevent “Stop Hunting” by hiding your orders from Brokers
- Enables you to place OCO orders (regardless of any new NFA changes)
- Enables you to place Pending Orders / Targets (regardless of any new NFA changes)
- Enables you to place Stop Loss Orders
- Enables you to place Trailing Stop Orders
- Provides a “Super Stealth” Trailing Stop Order (Not Available in MT4)
- Provides “Mobile Phone Text Messaging” so you can be alerted of any triggered order anytime!
- Avoids the hassles of opening an overseas account!
Rob Trader - Forex Expert
http://tradingtoollist.co.cc
Author: admin
Is it Day Trading Or Something Else?
There is this misconception about day trading that need to be cleared up. I ‘ve always thought of day trading as trades opened and closed in the same day. This may seem very obvious to most of us, however, there are so-called experts who lump all online traders into the bag of day trading. For the sophisticated observer it is plain to see the obvious differences. A day trader rides the rush of the asset, while a swing trader diagnosis the trends and holds onto it as long as the momentum last. So where does that leave you? I don’t know if the term “day trading” ever existed before we had access to the internet. My definition is that of a person who might be trading at the speed of light. You might laugh, but this is the life of a day trader. They do not care about fundamentals or even for that matter what the company does. They are riding the trend, up or down it doesn’t matter, as long as the asset is behaving the way they have projected it would. Day traders don’t care what markets they are in, be it stocks, options, currencies, or futures, they get in and out with a fast profit. A transaction may last a few minutes, an hour or so, but never more than that day. They also must adhere to a set of strict rules and regulations, including maintaining an account that doesn’t fall less than twenty-five thousand. For complete details on all the rules, please refer to the SEC web site.
So now you can determine what type of a trader you are thinking of pursuing. Are you a real day trader, or perhaps, swing trading is more what you were intending to research? Swing traders can do a limited amount of intra day trades without incurring any penalties. A great way to determine which strategy is best suited to your needs, is to first decide if your plan is to pursue this on a full time basis. You cannot be a day trader part time. With the proper software you can swing trade while keeping your job or enjoying your retirement. Swing trading is traditionally considered a low risk venture, especially for those who trade the large cap stocks. But is there really such a thing as low risk in these volatile times? Some experts will tell you that swing trading only works in a stable market, where the prices don’t fluctuate, but I feel that if you are properly trained you can make money no matter what the market is doing.
I think most regular folk always saw the market as a playground for the big cats. That was until the influx of trading companies to the internet. So how much investment capital should you have? To quote the investment companies disclosure, and I’m paraphrasing; “never invest more than you have to lose.” It is like gambling, make no mistake about it. However instead of just rolling the dice, putting your chips all on lucky 7, or hopelessly watching the little pea spin around, you can learn what is the equivalent of counting cards. There are three basis fundamentals, I believe that every foundation for sound trading should be built upon. Knowledge Training Software
Knowledge Leads to Training
Training Leads to Knowledge
Let us assume that you have some knowledge or you wouldn’t be researching the market. Any training you receive should be for technical analysis, or you are just wasting time and money. As far as software platforms, the following suggestions I strongly feel are necessary for any software to be useful.
1. It must be able to offer live streaming technical data. (Otherwise the program is merely educational)
2. The platform should defiantly include candlestick charting.
3. Visually it has to be large enough for all the data to be seen easily. (Many of the online brokerage’s technical data is to small to be useful)
4. It must be cost effective. (Most good systems can be purchased for between one to two hundred dollars)
It is No Longer a Simple Stock Tick
Candlestick Charting Will Light the Way to Profits
For those of you not yet familiar with candlestick charting, I will
try to give a brief but accurate explanation. The Chinese invented the market concept, and the Japanese perfected charting techniques with the use of the candlesticks. It is easy to understand this complex system, if we simply break it down to the ticks on the chart you follow every day. We know that the lower tick is where the stock opened and the higher is where it closed. Now if we made the two lines parallel and connected them, what would we have? A candle. However, during that movement, the stock might have gone lower or higher then where it opened or closed, so our candle has formed a tail and a wick. Is it starting to make a little sense to you? Can you see the advantage of knowing this information, for getting in and out, and setting a stop loss?
I don’t profess to being an expert, but I do know of some. I obviously don’t have the time to go into all the details now, but at my site Market Mentalist you will find all you need to know about investing online. There is access to some of the top trading systems available including software, books, newsletters, and Forums. Whether you are an inquisitive novice or a seasoned pro Market Mentalist offers the online investment resource you just might be seeking.
At 57, I consider myself to be a Jack Of All Trades And Master Of Nothing. I was a struggling actor for 25 years. During that time I learned a little about a lot of things, and would like to pass along some of that knowledge. I live in California with my beautiful wife and a menagerie of pets. Article Source:http://www.articlesbase.com/day-trading-articles/what-to-know-about-day-tradingstrategies-that-ensure-profits-1170269.html
