Make money,We learn to make money.

by ERROL SPENCE

There are many of us who would like to know how to become a day trader. Nowadays, becoming a day trader is not as difficult as it once was. As long as you have access to a computer with internet, you are pretty much set.

You’ll also need a brokerage account and need to pick up some of the terms which are used in the industry.

It may help to get a day trader training program or trading software package which is easy for newbies and more seasoned traders to use.

So here are 10 top tips on how to become a day trader:

Tip 1 - Learn the skills. There are numerous companies both online and offline which provide training sessions which sould help you to master the skills.

Tip 2 – Get a training program which suits you. When selecting any day trading training program, try and select one that will grow with you as you transform from a learner to an active trader.

Tip 3 – Learn from the best. If you are lucky enough to know of someone who is a successful day trader, see if that person will let you watch them for a day as they trade.

Tip 4 – Don’t use the rent money. Only trade with money you can afford to lose. I know this does not sound positive but lets be real for a second. As with aspects of life, some days are great and some days are not. If the worst happens and you lose all your money, it’s just a lesson learnt.

Tip 5 – Start with no money. You should always start your trading career by ‘paper trading’. This is a way practice trading following the market using your skills but not using any money. This will let you build confidence and learn before commiting cash to the pot.

Tip 6 – Record your actions. Keep a record of what works and what failed. From this, you can design your own game plan.

Tip 7 – Look for a discount broker. Some brokers will offer incentives for you to trade with them. This could be in the form of a reduction of their fees and sometimes a credit into your brokerage account.

Tip 8 – Hold your stock longer. At the start of your career, it may be beneficial to hold onto your stock for up to a week or so before selling. This will give you a chance to watch your stock without the pressure of the fast sale as there is in normal day trading.

Tip 9 – Understand the reasons. Don’t just follow all the other traders and buy just because they are buying, take the time to understand why it is the right moment to buy and sell. There will be a time when you will have no one to follow so you will need to understand the reasons behind your trades.

Tip 10 – Stay strong. Some days, you will feel like it has all been a waste of time and nothing has gone right. Don’t worry. Tomorrow is another day to start a fresh.

If you are starting out and looking to purchase a training program, system or software, the choice can be overwhelming. So what do you buy?

On our website, we report on different trading software, trading systems and programs so you can compare them . When you get the chance, come over and have a look.

And thanks for reading 10 tips on how to become a day trader.

How to become a day trader

There is a lot of trading software, trading courses and trading sytems, all claiming to be the best.

On our website, we have independent reports of the better ones. See if we can help you over at Stock Market Software.

by YOUSEF JULAIDAN
Online trading has been around for years now. Before the power of internet emerged, stock trading was limited to the halls of stock exchanges or dealing with brokers who charge expensive commissions to make transactions and manage a portfolio. All of this has changed; millions of people nowadays buy and sell stocks online not only in the U.S. market, but they buy and sell stocks all over the world markets.

As convenient as online stock trading is, not many people utilize it correctly to make money from stocks. On the contrary, it was believed for some while that the ease and convenience of online stock trading made people even lose more money than before. This doesn't always have to be case because successful stock traders use online trading to easily make their transactions, manage their investments and take advantage of every profit opportunity they might find. Here are a couple of tips that will help you use online stock trading to your advantage.

1- Learn how to control your transactions: - This is the most important step that you have to take before you do anything else. All of the top trading accounts like E-trade or Ameritrade provide valuable and useful tools to help the online investor control their transaction. You can actually place buy and sell orders at defined price points and leave the whole thing to be automated! Not just that, you can place buy and sell orders to be executed on certain conditions or if the stock behaves in a certain way. For example, you bought a stock at $10 and you know that if it goes below $8 it will never stop falling. You can place an order to sell if the stock price reaches or drops below $8. Or you can place an order to sell the stock once it price reaches or rises above $13.

2- Learn the tools of the trade: - it isn't enough to open an online trading account, which is as easy as opening a PayPal account! All of the top trading accounts like E-trade or Ameritrade provide valuable and useful tools to help the online investor achieve maximum results. The tools you can find are like analysis tools where you can plug in some financial numbers concerning a certain stock like the price of stock, earnings per share, debt, equity, assets etc. After plugging in the numbers the analysis tool will calculate for you a number of ratios and financial indicators that will help you in making a decision like the debt to equity ratio, P/E ratio and book value of the stock. Another valuable tool that you can find is a real time tracking tool! Whenever you buy a stock, it goes into a table where real time data of the stock are displayed. Real time data like, stock price increases or decreases, selling or buying transactions and on what volumes and other indicators. This tool will actually instantly in real time calculate for you whether you are at loss or profit and the amount.

3- Use the speed of online trading to your advantage: - When you issue a buy or sell deal online, it will be executed in a matter of seconds. That's how fast it is nowadays. It could lead to a disastrous mistake for beginners who are new to the stock exchange. On the other hand, for the experienced traders, it is a blessing. You might have heard about day trading and actually the name help such in explaining it. Day trading is about stock traders who buy and sell stocks on the timeframe of one day. For example, a day trader can buy a stock on market opening at 9 a.m. and sell it anytime at the same day. This has only become possible because of the power of online trading. In order to use this method successfully, first determine your entry and exit points before hand and then place your orders. Very few stocks move big to give you big profits on the same day, but some do. In order to take advantage of these small ups and downs of the stock, you should invest larger amounts of money than usual.

4- Use the power of online research: - Nowadays, you can get any kind of information online. Suppose you want to invest in a company and need to make a decision fast. You can pull up the company history, financial annual and quarterly reports, insider's activity, any news on the company's business deals or new projects and much more online. Just type in the company name or stock symbol and download endless PDF reports and find dozens of links all about this company. This is a distinguishing feature of the internet age that you should harness to the fullest. This same research used to take weeks or even months before information started to be syndicated online. Do your due diligence to the fullest degree possible before you click your mouse to buy a stock!

As can be seen, stock trading online has a lot of advantages. A lot of tools and gadgets are available to empower you to become a better investor. My advice is first to set up a fictitious portfolio at the beginning and practice buying and selling like you are doing it in real time. Once you think you are becoming better doing it and made at least 3 profitable transactions, then start investing real money. I think it is an opportunity that everybody should explore regardless of the dwindling economy because there are many sectors in the economy that are still doing well like energy, alternative energy and precious metals and resources. Just practice enough and then go for it.

Check out Yousef's website http://www.internet-business-and-money.com

Yousef is an expert writer in business and money making topics and issues. His insights combined with his clear and informative style of writing has attracted a lot of attention lately. To subscribe to his free and valuable newsletter send a blank email to=> ibm-newsletter@aweber.com

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Author: Money Manager
Here are my weekly money savings tips:

1. Maintain a good credit score! It will save you thousands of dollars in the short and long term when you need to borrow money to buy a car or a home. Creditors will give you an interest rate and the loan amount based on your income and credit score.

2. Large sums of money should NEVER be left in a checking account or even a low-interest bank savings account. Rather, put the money into a high interest savings account (like an ING savings), money market fund, or other forms of short term high interest investments with a fixed return.

3. If you have an employer matching 401K plan, maximize your contributions, so that you double your money!

4. Set aside 10% of your paycheck towards some form of long term savings account, like a money market account, mutual fund, retirement plan, or 401K. As you pay amount increases, your contribution will also increase automatically. 10% will also ensure that you stay ahead of inflation.

5. One of the best investments you can make is to first pay off all your high credit card debts. Credit cards typically carry a high interest rate and by paying off these debts, you get one of the best returns available which also is tax-free.

6. If you are losing sleep over an investment, whether its a stock, mutual fund, or retirement plan, its not worth it! Your lack of sleep is probably a good indication that it may be too risky, too good to be true, or just not the right invesment for you.

7. If an investment is projecting returns that are just too good to be true, they probably are. Unless you are intimately involved in the investment or are an insider, an investment that sounds too good to be true is probably too ambitious, too risky or just a scam.

8. Before you invest in something, always do your own research. Consulting with others and getting a second opinion is good, but you need to investigate for yourself. The internet is typically the best source for lots of information but make sure you read enough or get relevant data.

9. Always negotiate for commissions or fees paid for financial or real estate advice. Don’t be misled by standard commissions and “non-negotiable fees”. It is your money and the experts work for you.

10. Can’t get out of debt? If you are having problems meeting your debt payments each month and feel like you are digging a deeper hole, go talk to your creditors and banks to find a solution to get out of the mess. Beware of debt consolidators as they could charge higher interests in the long term and get you even deeper into debt.

If you like any of these tips, have questions on some, or have some feedback, I would like to hear from you. Visit this article by clicking on http://www.financialresource.org/blog/10-money-saving-tips/ and Post your comments. Look for more money saving tips each week!

Happy Springtime and be Money Smart!

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By Walki Arisme
There are four ways that will certainly allow someone to reach their goal of becoming rich. First remember, whatever vehicle you choose to reach your goal there is always plenty for everyone. Second the old cliché is true, if your mind can conceive it, you can achieve it. Third you must have faith and that faith must be coupled with action. Last but not least, be ready for success. Speak as though you already have what you are seeking.

Rich people become rich by choosing a vehicle they can use. This vehicle is usually based on a certain talent that they posses, love to do and they can market. Two examples can be calligraphy or internet marketing. It is common to think...well, why should I start this endeavor, I'm sure there are many out there doing the same thing. The problem with this type of thinking is you may be the one person to take this talent into new heights. It is true that some ventures may have more competition that some others. However, no one can do it like you do.

Rich people make the old adage real "If the mind can conceive it can achieve. Any idea can be developed to the point where it produces some kind of income. The world is full of those examples such as: The Handy Man, and Web MD, The Eifel tower, the Empire State Building, and the pyramids of Egypt. If your idea of success is becoming rich, "firing your boss, or simply making some extra money, you must believe it can and will be done.

Riches come to those who have strong faith. The Good Book reads faith without works is dead. It is one thing to have conceived an idea. It is quite another to bring it to fruition. Each good idea that was carried to completion was done with faith. That faith was coupled with the work that had to be done and viola! One must also note, no work that requires faith was ever met without some type of resistance. Let's take Thomas Edison as an example. He had a vision, applied some faith added some work with the faith (ten thousand tries worth of faith) and he reached his goal did he not?

Nature seems to work in the sense that it doesn't allow success to reach us very easily. However, if we apply a dash of faith, a spoonful of tenacity and cup of work, success becomes something that we cannot avoid, whatever the endeavor.

Those who are successful have the common denominator of substituting the word if with when and they speak as though those goals have already been met. Instead of saying if I finish school or if I make a million dollars; they instead say when I finish school and when I make a million dollars. Words plant a powerful impression on your mind. The words you speak will determine whether or not you reach your goals. Choose your words wisely.

Rich people become rich because they have a plan. Know what you're going to do when the money starts to roll in. Write these goals down. Either you are going to pay this bill or that. Start that education fund for the kids, or pay off the house. Whatever it is, a goal is a dream if it is not written down.

Finally take action! If becoming your own boss or making supplemental income is your goal, click the following link and start working on your own home business now.

Apply the above advice and you will find success cannot be avoided. The Profit Lance system has taken the bugs out of starting a successful internet venture. All you have to do is follow instruction.

Walki Arisme is a Registered Nurse looking to answer the age old statement, there must be a better way. There must be a better way to bring in some income without jeopardizing family time.

Visit the following website for details.

successwithprofitlance.com

Article Source: http://EzineArticles.com/?expert=Walki_Arisme

By Banjo Smyth

By: Carol Carroll
Do you feel like it is too difficult, even impossible, to make the amount of money you would like to make? Are you frustrated thinking that there are no opportunities because the current economy is too volatile and has too much risk? Perhaps you just never get any ‘breaks’ in life, and that good things always happen to ‘other’ people. Have you ever wished you knew someone who understood the principals of wealth building, and financial independence, who would assist and coach you to achieve the success for which you are inherently capable?

The purpose of this article is to assist you in understanding some of the fundamental principals of building wealth – the same principals used by those individuals and families who have already achieved great success and wealth.

The first, and most important, thing for you to understand is that you already have within you the capabilities to achieve whatever you desire. This knowledge, together with the principals we will discuss will serve as a blueprint, and starting point for you to design the life you want and to really obtain financial independence.

Take time to study and understand each of the principles discussed below. Also understand that for you to master any sustained level of financial success you must master each of the principles. Mastering these principles in an ongoing journey which will take time, initiative, resources, and action on your part. In fact, the better you become at each of the principles, and the more success you achieve, the more you will realize that there are still higher levels to achieve. The process of success truly is a lifelong journey of joy and achievement.

You need to know that your life really can change overnight! It certainly is possible for you to have sudden financial breakthrough. There are a million ways to make a million dollars. You only need to have one of them to change your life forever. Your job is to find that opportunity and be ready to take action when you do find it.

There are many wealth building, life changing opportunities, out there. Find one that is good for you, have trust and belief in yourself, and take action.

The first principle of success is the mindset for success. This is the most critical principle. Development of the millionaire mindset allows you to manifest all of your desires with ease and efficiency. This is the principle which allows you to properly manage, and grow, your wealth once you have obtained it. If you want to be wealthy, you must think the same way as the wealthy.

Take time to study those who have created fortunes for themselves. Andrew Carnegie, Bill Gates, Warren Buffett are just a few but they are great examples of those who developed a mindset of success. How do they think differently than you and I? First of all they have a complete faith in themselves and a knowing that they will attract success, and wealth, effortlessly. Success is their only option!
The second principle of success is your external environment. This includes the physical environment you create for yourself. This also includes the people you surround yourself with. Your income will become the average of the ten people you associate most closely with. Do you surround yourself with wealth building materials, books, and ideas? Do you study and surround yourself with information from and about those individuals who have achieved what you want?

The third principle of success is wisdom. Take advantage of, and use wisely, all of the opportunities which you have. Manage wisely the assets you already have so that as you obtain more, you will be able to grow that asset into even more wealth. Wealthy people spend and invest wisely. Just because they can afford something doesn’t mean that they buy it. They always spend much less than they earn. They invest in sound investments which provide an acceptable return based on their investment goals, and they are usually contrarian investors. What that means is that they do not follow the masses. If the masses are buying they are usually selling and vise versa. The wealthy are not afraid of taking risk. They use wisdom by analyzing the risk and then make good decisions based on that analysis, but they take risk.

Using the above principles it is possible for you change your life and create the life of your design.

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Carol Carroll Life Style Mentor and Successful Entrepreneur, is helping many become the next success story. Whether you're looking to create an extra few thousand dollars per month, be an ex-corporate executive, or the next millionaire Mom, Carol can assist you to create a second stream of income and greater peace of mind. For more information visit : Build Wealth
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By: Monica Hendrix
Everyone wants to make money fast but most people simply dream about it and don't turn it into action. Here we will outline a simple proven method that works which could make you money fast in about 30 minutes a day - Lets look at it.

The method is becoming a financial trader from home and before you say I Can't do that! Let me tell you a rather inspiring story...

In 1983 trading legend Richard Dennis decided to prove that traders were made not born and he got a diverse group of people together all who had never traded before and in 14 days taught them to trade.

The Result?

They made $100 million dollars and many went on to become trading legends.

Dennis proved his point in just 14 days he taught the group all they needed to know to succeed.

These people learnt trading so why can't you?

You don't need a university education and you don't need a lot of money, you can start small on the net with under $1,000 and ALL The information you need to learn is freely available.

Is it really that easy?

The answer is yes and no - anyone can learn the method but you need to learn to trade with discipline. One of the main advantages of trading financial markets and the forex is probably the best is the opportunity to leverage your money.

If you put down 500 you can trade on a leverage of 200:1 - that's 200 x 500 or $100,000!

Now if you can run your profits and cut your losses this leverage will help you make money fast and build wealth quickly - but you need to have the right mindset.

Today you can set up an account online and trade from your computer and you dont need big bucks a few hundred dollars will get you started.

The amount of money you can make in forex trading is life changing and when those amounts are on offer its not easy - but its possible, providing you have the desire to succeed and a willingness to learn - the road to success is open to you.

The question is:

You know it's possible and you know there is nothing to stop you trying but are you up for the challenge?

If you are then the exciting and lucrative world of forex trading can help you make money fast and achieve your dreams.
--------------------------NEW! PROFESSIONAL FOREX COURSE AND FREE TRADING PDF's For free trading guides and an exclusive Forex Trading Course visit our website at: http://www.learncurrencytradingonline.com/index.html
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