Investment World Today

It is very often that people ask if is possible to become a day trader, and day trade for a living.. The answer:: “Absolutely yes you can!” However, you must receive professional  training to become skilled in online day trading.

There are many pretty good websites about Day Trading that offer pretty good information about training. Just type day trading training into the Google search engine.

How much do you need to take in day trading every week to start to day trade for a living? How much would you need to replace what you make from your current job?

Most people need to know what they need to earn in order to trade full time.You must know exactly what you need to make each week and plan accordingly.

Let’s use an example and say you need to make 100,000 dollars a year to leave your current employment. Let’s look at whatyou must do to earn this kind of money day trading.

Forex Trading Robot – IvyBot  

I don’t know about you, but I remember when my father used to work double shifts at his job in a synthetic rubber factory, trading shifts, working stock, putting himself on autopilot, working like a robot.  He worked way too hard to make better futures for his 4 children, wife and himself.The currency he was trading his time for wasn’t what we wanted, we wanted him at home with us.  He’d be exhausted but couldn’t wait for that pay check and when that check came it was quite a disappointment.  All he did was get broker and broker and broker.

All that work and sometimes when he worked extra, extra shifts, he’d come home with less money than normal because it put him in a bigger tax bracket.   My mom tried to be his expert adviser and explain to him that this was what happened every time he did this. 

Hoping and praying that the stocks that you just bought will go up is not the best strategy to use, however it is the one very often used by the average Joe stock trader who is stock trading internet. The only salvation they have is that in bull markets most stocks will go up.

Statistics show that in a bull market approx 75% of the stocks will follow the general trend and go up, and in a bear market 75% will also go down. Trading with the trend is the best way to trade as 8 out of 12 stocks will follow the trend and give you the best chance of making gains on your stock purchases.

One of the most popular technical analysis indicators is the simple moving average also known as SMA, if you learn how to use these correctly they can be a very useful tool to help you to make good trading decisions.

The 200 simple moving average, or 200 SMA, is simply the sum of the last 200 values for each period, divided by 200, this is a moving window, as time moves on so does the average. Notice that I used the term period because this indicator works on any time period in exactly the same way.

It can be used on monthly, weekly, daily, hourly, 30 minutes, 15 minute and on whatever time period you want to monitor and trade. Although the SMA is the most commonly used there is also the exponential moving average or EMA. This is a weighted version of the formula using the mathematical exponent function to give more weight to the more recent values, this has the effect of making it a much faster average that many traders like.

Contracts in the futures market are between a buyer and seller. The contract states that the seller must provide the buyer a very specific quantity of a certain item, such as cotton, oil etc, for a price agreed today, but at a date in the future.

It is important not to get confused about what the word future refers to. Futures traders are not day trading futures prices, we are trading today’s prices, but the settlement is taking place in the future. So we buy if we think prices will increase and we sell if we think prices will drop.

If I buy (or sell) a futures contract today, I don’t have to hold it until the contract expires, I can simply choose to sell it (or buy it) in the market at the prevailing price. Futures contracts are bought and sold in the controlled environment of a futures exchange, such as the Chicago Board of Trade (CBOT) in the U.S. and the London International Futures and Options Exchange (LIFFE) in the U.K.