Day trading courses

Day trading courses

There are loads of day trading courses, and it's impossible to review them all. But these are some of the best day trading courses out there, and while the list is never complete, it at least offers a few courses to consider. These courses are good because they are taught by traders with lots of trading experience (more than 10 years) and offer a great education you can take with you for the rest of your life (bang for the buck).

When considering a day trading course, be wary of people with little trading experience trying to make money off subscriptions or courses. There are loads of junk day trading courses out there, so make sure to do your research before starting your education.
What to Look for In a Day Trading Course

As a general rule, only consider a course offered by someone with at least 10 years trading experience. That way you know they have been through the ups and downs and are a better trader for it. Many courses you find online--offered by people with only a year, or even several years, of experience--likely won't be there a couple years from now. Most traders don't last, so stick with courses and traders that have been around a while. All the best day trading courses discussed below meet this criterion as well as provide valuable trading information (just because a trader says they have traded for 10 or more years, doesn't mean they are a good teacher or offer a good course).

Day trading courses

The best day trading courses also teach you to trade for yourself. They don't hide things from you so they can take money from you month after month. Strategies and information should be offered in such a way that you can eventually trade on your own. You may choose to take part in monthly programs or chat rooms they offer, but you don't have to. The best day trading courses make you self-sufficient, and don't keep demanding fees month after month, or require you to buy course after course to find missing pieces of the puzzle.

The best day trading courses, discussed below, will make you a self-sufficient trader; while you do pay initially for the education, that fee buys you an education you can use for the rest of your life.
Be Realistic About What You Expect, Based On Your Work Ethic

Keep in mind that most day traders fail. Even with the best education, most want-to-be traders will still fail, because they don't practice what they are taught, or simply choose to ignore the advice provided. Trading is a difficult task, and people (especially unsuccessful traders) aren't going to blame themselves for their failure, they are more likely to blame the teacher or the market. That means you'll see negative reviews on all trading schools and courses--and pay attention to those--but also pay attention to the positive things people say.

Being a professional trader is like being a professional in other careers...it takes a lot of work and time! You can have the best education, but ultimately it is you who is responsible for your own success. If you are an athlete, you may have the best running coach in the world, but until you actually start practicing and putting in more work than everyone else you are competing against, you won't win. Day trading is a battleground. In order to win, your skills need to be better than most of the other traders in the marketplace, you need to be less affected by your emotions than those around you, and you need to practice a reliable strategy for hours a day, for months, before you can expect to see consistent, profitable results.

All that said, here are some great day trading courses to consider if you're starting your day trading journey (or have been trading for a while but need help). These are courses I have personally tested out, or that close trading friends (also successful traders) have vouched for based on their experience.
The Day Trading Academy

The Day Trading Academy (DTA) focuses on futures trading, primarily E-Mini S&P 500 (ES) futures. They teach a method of trading based on price action, so you learn how to read and anticipate market moves, allowing you to adapt to all types of market conditions. Some indicators are also used to help new traders see how the price action is unfolding.

The curriculum includes an online course with reading and loads of videos highlighting each point. The course starts with the basics, and then builds until you ultimately learn an adaptable trading strategy.

Exercises are provided throughout the course to get you practicing the concepts you learn. These exercises can be submitted for review to the DTA.

Daytrade course

The course is $2,997 and includes (all online) access to the course, 3 months of one-on-one mentoring, weekly webinars/live trading classes, review classes, and video recaps showing the main opportunities (based on the strategy) each day. Packages with additional mentoring time are also available.

Personal mentoring takes a lot of time and is an invaluable resource. You get to address your specific trading issues with a professional trader who has been through what you are going through and has successfully navigated past those issues.

If you are interested in learning to day trade with the Day Trading Academy, check out their website and sign up for their free day trading newsletter (click "Start Now") for trading insights and information on how to get started on the course.

The Day Trading Academy was founded by Marcello Arrambide. He began trading in 2002 and started the DTA in 2011.
The Stock Whisperer

If you're interested in day trading stocks, the Stock Whisperer offers a number of different courses and services. Stefanie--the stock whisperer--provides a free daily "whisper of the day" which include stocks and ETFs to watch that day, along with important price levels. Check out recent "whispers" on Scutify.

For live trade signals, and to watch Stefanie trade, join The Java Pit. It's $9.95 for the first month, and then $69.95 per month after that. You'll learn a lot, but it isn't a course, it's a trading room.

For courses, you have a number of choices. The courses teach you the strategies Stefanie uses, along with lots of examples. After taking a course you can join The Java Pit to see more examples, or you can continue trading on your own with your new found knowledge.

Counting Cards on Wall Street is one of the main day trading courses offered, via three parts ($99, $249 and $249 respectively). You can also get all three courses (along with What's Inside the Candle, which is $299) in the Rudy Education Package for $623. The package deal offers significant savings over buying the courses individually.

The Stock Whisper focuses on tape reading (time and sales), spotting big buyers and sellers (prints), volume analysis, support and resistance and dark pools. The Stock Whisperer also offers a number of other courses, including swing trading courses, boot camps, and one-on-one coaching. Check current prices and availability on the Stock Whisperer's Courses page.

Stefanie Kammerman is The Stock Whisperer. She began trading in 1994, and in 2010 began teaching in the online chat room.
TradePro Academy

If you are interested in trading options, TradePro Academy has a number of different courses and services available to you. Options aren't typically day traded, although, based on the strategies you will learn you can take short-term options trades, for both day trading and swing trading.

The Path to Profits course introduces traders to the options market and then teaches a reliable options trading strategy where risk and reward are fixed on each trade.

Day trading course

The course includes an options refresher (available for free), assessing volatility, picking the best options to trade, building a trading plan, placing orders, capital management, managing trades, assessing profit/loss scenarios, part-time trading and a full day of living trading.

The course is $147 as a stand-alone product, or, receive the Path to Profits Course (along with all courses offered by TradePro Academy) for a subscription of $79 per month.

$79 per month is the "Pro Package" giving you access to a success coach, all trading courses (Path to Profits, Foundations Course and Options Course) as well as additional courses which may be offered, weekly analysis webinars and live trade alerts.

George Papazov is the founder of TradePro Academy. He began trading in 2001 and started TradePro in 2012.
Final Word on The Best Day Trading Courses

Day trade course

There are loads of day trading courses, and some great ones may not be included on this list. But when it comes to futures, stocks and options, the Day Trading Academy, The Stock Whisperer, and TradePro Academy do a great job of teaching traders how to be successful in that respective market. These traders have taken the time to build a course, as well as give up their time to mentor students and create webinars/forums for traders to discuss what they are learning and pose questions. That is why there is a fee, but when you consider the rewards that trading offers--lots of free time and an income--the fees for these courses are actually quite low.

Remember to temper your expectations, though, and realize that your ultimate success is up to you. If you don't put in the work and the time, you won't be a successful trader, period, no matter how many courses you take. If you opt to participate in one of these day trading courses, make you sure you make the most of it by engaging yourself in the process of learning, working hard and practicing what you are shown.

These recommendations are unsolicited. The author is not a part of any of these organizations and has not received financial compensation for writing this article by any of the organizations mentioned.

How to trade currency

How to trade currency How to Trade Forex

Currency prices are constantly fluctuating against each other, offering multiple trading opportunities daily.

Trading Forex

Unlike most financial markets, the OTC (over-the-counter) foreign exchange market has no physical location or central exchange and trades 24-hours a day through a global network of businesses, banks and individuals. This means that currency prices are constantly fluctuating in value against each other, offering multiple trading opportunities.

At City Index, you can speculate on the future direction of currencies, taking either a long or short position depending on whether you think the currency’s value will go up or down. The below video shows you how to trade the EUR/USD currency pair with CFDs.

FX Trading steps
1. Choose a currency pair

Decide which currency pair you wish to trade. With over 65 currency pairs to choose from, picking a trading opportunity that’s right for you is important.
City Index’s technical and fundamental research tools can help you spot currency trading opportunities to suit your trading style. We recommend that you take your time to understand the amount of price volatility associated with the currency pair to help manage your risk.

2. Decide on the type of FX trade

There are three ways to trade forex with City Index Spread Betting, CFD or Forex Trading. Each has its particular stake size:

    In spread betting you trade pounds per point movement
    In CFD trading you trade a quantity of CFDs in the unit of the base currency (currency on the left). For example if you trade GBP / USD your stake would be in Pounds, while in USD / JPY your stake would be in US Dollars
    In Forex trading you buy lots, in the unit of the base currency (currency on the left)
    For example if you trade GBP / USD your stake would be in Pounds, while in USD / JPY your stake would be in US Dollars (the minimum stake size is 1000)


3. Decide to buy or sell

Once you have picked a market, you need to know the current price it is trading at, which you can do by bringing up an order ticket in the platform. All forex is quoted in terms of one currency versus another. Each currency pair has a ‘base’ currency and a ‘quote’ currency. The base currency is the currency on the left of the currency pair and the quote currency is on the right. Put simply, when trading foreign currencies, you would:

BUY a currency pair if you believed that the base currency will strengthen against the quote currency, or the quote currency will weaken against the base currency.

Your profits will rise in line with every increase in the exchange price.

Every fall in the exchange price below your open level, will net you a loss.

SELL a currency pair if you believed that the base currency will weaken in value against the quote currency, or the quote currency will strengthen against the base currency.

Your profits will rise in line with each point the exchange price falls.

Every increase in the exchange price above your open level, will net you a loss.

Spread - FX pairs have two prices.
The first price is the sell price (known as the bid) and the second price is the buy price (also known as the offer).  The difference between the buy price and the sell price is known as the spread, and is basically the cost of the trade.

4. Adding orders

An order is an instruction to automatically trade at a point in the future when prices reach a specific level predetermined by you. You can utilise stop and limit orders to help ensure that you lock in any profits and minimise your risk when your respective profit or loss risk targets are reached.

While not compulsory, given the volatility in FX markets using and understanding risk management tools such as stop loss orders is essential.

A stop loss order is an instruction to close out a trade at a price worse than the current market level and, as the name suggests, is used to help minimise losses. There are two types of stop loss orders - standard and guaranteed.

A standard stop loss order, once triggered, closes the trade at the best available price. There is a risk therefore that the closing price could be different from the order level if market prices gap.

A guaranteed stop loss however, for which a small premium is charged upon trigger, guarantees to close your trade at the stop loss level you have determined, regardless of any market gapping.

A limit order is an instruction to close out a trade at a price that is better than the current market level and is used to help lock in price targets.

Standard stop losses and limit orders are free to place and can be implemented in the dealing ticket when you first place your trade, and you can also attach orders to existing open positions.

Learn more about risk management here.
5. Monitor and close your trade

Once open, your trade’s profit and loss will now fluctuate with each move in the market price.

You can track market prices, see your unrealised profit/loss update in real time, attach orders to open positions and add new trades or close existing trades from your computer or app on your smartphone and tablet.
6. Closing your trade

When you are ready to close your trade, you simply need to do the opposite to the opening trade. Supposing you bought 3 CFDs to open, you would sell 3 CFDs to close. By closing the trade, your net open profit and loss will be realised and immediately reflected in your account cash balance.

Please note that City Index Spread Betting and CFD accounts are FIFO - to read more about this please visit our help and support section.
Forex trading examples

Carefully look through the Forex trading examples here to ensure you understand how forex trading works.

How to Start investing with only $1,000

How to Start investing with only $1,000

Let's say that you have $1,000 set aside, and you're ready to enter the world of investing. In this article, we'll walk you through getting started as an investor and show you how to maximize your returns by minimizing your costs.
Opening an Account: What Are the Minimums?

To the inexperienced investor, investing may seem simple enough – all you need to do is go to a brokerage firm and open up an account, right? What you may not know, however, is that all financial institutions have minimum deposit requirements. In other words, they won't accept your account application unless you deposit a certain amount of money. Some firms won't even allow you to open an account with a sum as small as $1,000.

Stocks

Stockbrokers come in two flavors: full-service and discount. As the name implies, a full-service broker provides much more in the way of service, but it only deals with higher net-worth clients. It's common to see minimum account sizes of $25,000 and up at full-service brokerages.

This leaves the $1,000 investor with the option of a discount broker. Discount brokers have considerably lower fees, but don't expect much in the way of hand-holding. Fees are low because you are in charge of all investment decisions – you can't call and ask for investment advice. With $1,000, you are right on the cusp in terms of the minimum deposit.  . You'll have to shop around.

You may also purchase shares directly from a company through direct stock purchase plans (DSPPs). Some of these plans have a minimum initial investment amount restriction, which often ranges between $100 and $500.

With the advent of online trading, there are a number of discount brokers with no (or very low) minimum deposit restrictions. You will, however, be faced with other restrictions and see higher fees for certain types of trades. This is something an investor should take into account if he or she wants to invest in stocks.

Mutual Funds and Bonds

If mutual funds or bonds are investments you would like to make, it is simpler in terms of minimum deposit amounts. Both of these can be purchased through brokerage firms, where similar deposit rules apply as for stocks. Mutual funds can also be purchased through your local bank, often for less than $1,000 when you have an existing relationship with the bank.

If you want to purchase government bonds, this can be done straight from the government through TreasuryDirect. The only restriction here is the minimum purchase amount of the bond, which costs $100 for most treasury securities and programs.
Learn the Costs of Investing

Commissions

Before you open an investment account, you must also consider the costs that you will incur from purchasing investments once the account is open. In most cases, every time you purchase an investment, it will cost you money (through commissions.) With a limited amount of funds, these transaction fees can really put a dent on your $1,000.

Investing in stocks can be very costly if you trade constantly, especially with a minimum amount of money available to invest. Every time that you trade stock, either through buying or selling, you will incur a trading fee. Trading fees range from the low end of $5 per trade, but can be as high as $10 for some discount brokers. Remember, a trade is an order to purchase shares in one company – if you want to purchase five different stocks at the same time, this is seen as five separate trades and you will be charged for each one. You can review major brokers' fees at Investopedia's list of best stock brokers.

Now, imagine that you decide to buy the stocks of those five companies with your $1,000. To do this, you will incur $50 in trading costs, which is equivalent to 5% of your $1,000. If you were to fully invest the $1,000, your account would be reduced to $950 after trading costs. This represents a 5% loss before your investments even have a chance to earn a cent!

If you were to sell these five stocks, you would once again incur the costs of the trades, which would be another $50. To make the round trip (buying and selling) on these five stocks would cost you $100, or 10% of your initial deposit amount of $1,000. If your investments don't earn enough to cover this, you have lost money by just entering and exiting positions.

Mutual Fund Fees

There are many fees an investor will incur when investing in mutual funds. One of the most important fees to focus on is the management expense ratio (MER), which is charged by the management team each year, based on the amount of assets in the fund. The MER ranges from 0.05% to 0.7% annually and varies depending on the type of fund. But the higher the MER, the worse it is for the fund's investors.

It doesn't end there, however. You'll also see a number of sales charges called "loads" when you buy mutual funds.

In terms of the beginning investor, the mutual fund fees are actually an advantage relative to the commissions on stocks. The reason for this is that the fees are the same, regardless of the amount you invest. Therefore, as long as you meet the minimum requirement to open an account, you can invest as little as $50 or $100 per month in a mutual fund. The term for this is called dollar cost averaging (DCA), and it can be a great way to start investing.
Reduce Risk with Diversification

Diversification is considered to be the only free lunch in investing. In a nutshell, by investing in a range of assets, you reduce the risk of one investment's performance severely hurting the return of your overall investment. You could think of it as financial jargon for "don't put all of your eggs in one basket."

In terms of diversification, the greatest amount of difficulty in doing this will come from investments in stocks. This was illustrated in the commissions section of the article, where we discussed how the costs of investing in a large number of stocks could be detrimental to the portfolio. With a $1,000 deposit, it is nearly impossible to have a well-diversified portfolio, so be aware that you may need to invest in one or two companies (at the most) to begin with. This will increase your risk.

This is where the major benefit of mutual funds or exchange-traded funds (ETFs) come into focus. Both types of securities tend to have a large number of stocks and other investments within the fund, which makes them more diversified than a single stock.
A Small Step Toward a Large Future

It is possible to invest if you are just starting out with a small amount of money. It's more complicated than just selecting the right investment (a feat that is difficult enough in itself) and you have to be aware of the restrictions that you face as a new investor.
The Bottom Line

You'll have to do your homework to find the minimum deposit requirements and then compare the commissions to other brokers. Chances are, you won't be able to cost-effectively buy individual stocks and still be diversified with a small amount of money.

Given these restrictions, it's probably worth starting out on your investment journey with mutual funds. However, like all aspects of investing, it's up to you to do the research and figure out the strategy that suits you best.

If you are looking for more information about how to make small investments, Investopedia's Advisor Insights page tackles the topic.

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Read more: Start Investing With Only $1,000 https://www.investopedia.com/articles/basics/06/invest1000.asp#ixzz5QTk7S0bv

Comments RSS feed address after turning on HTTPS for a blog with a custom domains

This article documents the change the Comments RSS feed associated with blog, when you switch on the HTTPS option for a blog with a custom domain.

If your blog has a custom domain, you now have an option to switch on HTTPS to make it more secure.

If you do this, then the RSS feed address for your blog's comments changes.

This may be handled graciously by your template.  But if you use a service like Feedburner to display recent comments in an HTML gadget, then the gadget will break unless you update.    Well - mine did anyways.   Maybe your settings are different.

What was your blog's RSS comment feed address

Articles published by various people, including Google, say that your blog has various RSS feeds, including  2 site comments feeds.

Atom:   http://yourCustom.Domain/feeds/comments/default
RSS:     http://yourCustom.Domain/feeds/comments/default?alt=rss

(substituting your actual custom domain   eg myBlog.com   for yourCustom.Domain)

However after switching HTTPS on, I found that these were simply re-directing to the homepage - and this was causing any gadgets which used the comments feed to fail with a message like "the RSS feed is no longer available for display".    (I forgot to take a screenshot before fixing it - and now it's fixed I cannot un-fix it because Feedburner won't let me save an invalid feed address!)

What is your blog's RSS comment feed address

After trying various options, I have found that for my custom-domain blogs with HTTPS enabled, the correct RSS address for comments feeds is

RSS:     https://www.yourCustom.Domain/feeds/comments/default?alt=rss

(Again - substituting your actual custom domain   eg myBlog.com   for yourCustom.Domain)

This one may work also - I haven't had a need to test it properly, so don't want to say for certain:
Atom:   https://www.yourCustom.Domain/feeds/comments/default 

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Finding the RSS feed address for your blog.

The Follow-by-Email gadget:  a very simple way to give your readers access to blog-updates by email

1. What is Forex? TriumphFX Forex Educational Series

 1. What is Forex?

What is Forex? Forex known as Foreign Exchange is the largest market where currencies are traded. Currencies are traded in pairs in the forex market. This means that the trader is selling another currency when they are buying a currency at the same time. The forex market has high liquidity due to an elevated supply and demand rate. Transactions in the Forex market takes place in many different forms 24 hours a day 5 days a week through different channels all over the globe with no central location.







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