Market Traders Review

The Way to Trade

Short term or intraday trading can seem like an exciting game. It is certainly never boring because you’re watching your online charting screen continually, just waiting for the right moves.

Whether you’re buying and selling actual stocks, or trading derivatives such as options, futures or CFDs with a smaller bank account, the adrenalin levels are always high.

But this is how it gets dangerous. You’re under pressure and when you’re feeling it, the decision making process can become a little hazy and mistakes are easily made. Believe me, I’ve been there.

So you need a plan which you can execute mechanically and without any emotion – one which you have tested and at least know in theory will work – and you need to stick to it like your life depends on it. This is particularly the case when the stock price moves against you.

So here are some rules which I have found useful. Most successful traders will tell you, that it’s not about getting the majority of trades correct. It’s about “position sizing” (i.e. how much of your entire capital you risk on any one trade) and the discipline to work your trading plan without deviation.

1. Never let emotion, particularly the feeling of “needing to do something today” influence your decision to take a trade. Over-trading is a killer.
2. Keep a balance between your trading and personal life and don’t let any problems from one interfere with the other.
3. Trade with the trend. This includes lining up the intraday expectations with the overall daily trend. It is wise to sometimes wait until the market has been open for 10 – 15 minutes before entering the trade.
4. Never risk more than 10 percent of your overall capital on any one trade. An even better guide, particularly if you’re trading derivates, is 4 percent.
5. Better not to aim for the exact highs and lows of the market, but accept something short of each. This way, you are less likely to miss the profit you could otherwise have taken. Better to take a smaller profit than turn it into a loss.
6. Work a proven system that aims to make two to three times as much profit on your wins as you accept on your stop losses on  trades that go bad. Combining this with position sizing will ensure you don’t blow your capital and will allow you to make more mistakes and still make an overall profit.
7. When your position is running at a profit, raise your stop losses to at least break even level (include brokerage fees), to lock in what you have achieved.
8. When in doubt, if you have a gut feeling that you’re not 100 percent sure, always stay out – or if you’re already in, get out.

How to Invest in the Stock Market

The Way to Trade

How to Invest in the Stock Market – The Way To Trade by John Piper is simply dynamite.

No matter if you’re:

• Trading indices, stocks, e-minis, commodities, options or forex
• A beginner or fully experienced trader
• Day-trading, swing trading, position trading, trend trading

Whether the market is up or down… How to Invest in the Stock Market – The Way To Trade will revolutionize your trading. As you study every word of this 273 page e-book, you’ll be astonished you survived without it.

Market Traders Institute is first and foremost about FOREX education. They have 22 offices in 11 countries and over the past decade, have trained over 12,000 Foreign Exchange clients worldwide. Their forex courses teach traders proven technical analysis techniques, together with effective risk management. Students who follow their guidelines become very successful traders in what has become one of the most popular markets available today.

The foreign currency market trades 24 hours per day and is the most liquid in the world, which is why it has become such a sought after investment vehicle. It has no overnight “price gaps” which are the constant fear of share traders. The FOREX market is big, it’s stable, it’s not going away and if mastered, can provide you a secure lifetime income.

The attractive feature about forex trading is that it offers leverage. Each one unit of your investment currency buys 100 units on the forex market, the other 99 units being financed by the market maker. This leverage can work for you or against you, which is why it’s important to have a good risk management system in place. The reality of currency trading is that 90% of all novice traders lose.

Market Traders Institute founder is Jared Martinez, who is recognized worldwide as a leader in forex education. He is the author of several trading courses, his most recent being “The 10 Essentials of Forex Trading”. You get this publication free when you join MTI.

MTI has produced what they have called the “Ultimate Traders Package”. Its aim is to empower students to become world class forex traders. The course is divided into four phases.

Phase One consists of a 16 CD and workbook trading modules. This provides the foundation of your forex training.

Phase Two is about online forex classes in virtual classrooms, using live interactive prices. You participate in these from the comfort of your home via the internet. There is no limit how many times you participate.

Phase Three is about mentoring. You get 60 days access to a professional forex trader and access to live minute by minute analysis of the four major currency pairs.

Phase Four is a two day live onsite training in a real classroom with real people. You can participate in this class as many times as you like.

If you choose to stay with Market Traders Institute after your training, they have partnered with MTI Client Services to provide you a broker service for real trading. You can also access their proprietary software, MTI Advanced Charting, which gives you powerful analysis tools, including backtesting capabilities, chart alarms and email alerts, together with a wide range of indicators and drawing tools, which the MTI professional traders use themselves.

If you have a genuine interest in the popular forex market and you are willing to devote the time and energy to learn the secrets to successful Forex trading, Market Traders Institute has an offer, where you can watch the first of the 16 CD lessons for free.

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