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Online day trading
Online stock market trading has made it possible for millions of individuals to play the stock market game. Almost anyone, from novice investors to professional traders, can participate in online day trading.
But online day trading has many dangers and you need the right tools to avoid losing all your money.
Online stock market trading allows traders to participate in the financial markets at greater speed. But because of this, it has also become easier to make costly mistakes.
One of the most common problems with first-timers in online day trading is they think they can make a fortune online without much skill or knowledge. This attitude is fostered by stories of traders making overnight riches. New traders should be aware that for every one that makes it good in online day trading there are at least a hundred who lose money.
The biggest mistake that newbie traders make is that they gamble. They get a great hunch, pile in the money and then see it trickle away. But day trading has nothing to do with luck: day trading requires a system which the day trader should follow with an iron discipline.
What potential day traders need to realize is that online day trading is really no different from traditional stock market trading. The web hasn't changed the fundamentals of smart investing: it has only made it easier to invest. Individuals - like most professional day traders - should still have a set of rules and guidelines to help them avoid the dangers of online day trading.
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Economic Calendar With Volatility Expectations
7 Feb 2010 at 7:26am
There are a few news releases from the US this week, and several news releases from Europe and Asia. There are five high volatility news releases from each region. Markets from all three regions will probably experience significant volatility and price movement at some point this week, if not throughout this week.
The US, European, and Asian news releases for this week are as follows (all times are Greenwich Mean Time, which is one hour behind Central European Time, and five hours ahead of US Eastern Time) :
US
Monday: No News Releases
Tuesday: Economic Optimism, and Wholesale Inventories at 3:00 PM
Wednesday: Trade Balance at 1:30 PM, FOMC News Conference at 2:30 PM, Central Bank News Conference at 3:00 PM, Oil Inventories at 3:30 PM, and Budget Balance at 7:00 PM
Thursday: Retail Sales, and Unemployment Claims at 1:30 PM, Business Inventories at 3:00 PM, and Natural Gas Storage at 3:30 PM
Friday: Consumer Sentiment, and Inflation Expectations at 2:55 PM
This week's US news releases that should cause high volatility are shown in bold type. There are only a few US news releases this week, and five high volatility news releases. However, the US markets will probably experience significant volatility and price movement at some point this week.
Europe
Monday : Switzerland Unemployment Rate at 6:45 AM, Switzerland Retail Sales at 8:15 AM, and EU Investor Confidence at 9:30 AM
Tuesday : UK Retail Sales, and House Price Balance at 12:01 AM, Germany CPI, and Trade Balance at 7:00 AM, and UK Trade Balance at 9:30 AM
Wednesday : France Industrial Production at 7:45 AM, Italy Industrial Production at 9:00 AM, UK Manufacturing Production, and Industrial Production at 9:30 AM, UK Central Bank News Conference, and Inflation at 10:00 AM, and UK GDP at ??:?? ?? (Unknown Time)
Thursday : Germany WPI at 7:00 AM, Switzerland CPI at 8:15 AM, and EU Central Bank Bulletin at 9:30 AM
Friday : Germany GDP at 7:00 AM, France Non Farm Payrolls, and GDP at 7:45 AM, Italy GDP at 9:00 AM, and EU GDP, and Industrial Production, and UK Leading Index at 10:00 AM
This week's European news releases that should cause high volatility are shown in bold type. There are several European news releases this week, and five high volatility news releases. The European markets will probably experience significant volatility and price movement throughout this week.
Asia
Monday : Japan Economy Watcher's Sentiment at 5:00 AM
Tuesday : Australia Business Confidence at ??:?? ?? (Unknown Time), China New Loans, Foreign Direct Investment, and Money Supply at ??:?? ?? (Unknown Time), Japan Machine Tool Orders at 6:00 AM, Australia Consumer Sentiment at 11:30 PM, and Japan Machinery Orders, and CGPI at 11:50 PM
Wednesday : Australia Home Loans at 12:30 AM, China Trade Balance at ??:?? ?? (Unknown Time), New Zealand Business Manufacturing Index at 9:30 PM, and New Zealand FPI at 9:45 PM
Thursday : Australia Inflation Expectations at 12:00 AM, Australia Employment Change, and Unemployment Rate at 12:30 AM, China CPI, and PPI at 2:00 AM, and New Zealand Retail Sales at 9:45 PM
Friday : Japan Household Confidence at 5:00 AM
This week's Asian news releases that should cause high volatility are shown in bold type. There are several Asian news releases this week, and five high volatility news releases. The Asian markets will probably experience significant volatility and price movement throughout this week.
There are several news releases from all three regions (the US, Europe, and Asia) this week. The US and Asia have five high volatility news releases each, while Europe has four high volatility news releases. Markets from all three regions will probably experience significant volatility and price movement throughout this week.
The US, European, and Asian news releases for this week are as follows (all times are Greenwich Mean Time, which is one hour behind Central European Time, and five hours ahead of US Eastern Time) :
US
Monday: FOMC News Conference at 2:10 AM
Tuesday: Trade Balance at 1:30 PM, and Economic Optimism at 3:00 PM
Wednesday: Oil Inventories at 3:30 PM, and Beige Book, and Budget Balance at 7:00 PM
Thursday: Retail Sales, Unemployment Claims, and Import Prices at 1:30 PM, Business Inventories at 3:00 PM, and Natural Gas Storage at 3:30 PM
Friday: CPI, and Manufacturing Index at 1:30 PM, Capacity Utilization Rate, and Industrial Production at 2:15 PM, and Consumer Sentiment, and Inflation Expectations at 2:55 PM
This week's US news releases that should cause high volatility are shown in bold type. There are several US news releases this week, and five high volatility news releases. The US markets will probably experience significant volatility and price movement throughout this week.
Europe
Monday : France Industrial Production at 7:45 AM, and Switzerland Retail Sales at 8:15 AM
Tuesday : UK Retail Sales, and House Price Balance at 12:01 AM, France Budget Balance at 7:45 AM, and UK Trade Balance, and HPI at 9:30 AM
Wednesday : France CPI at 7:45 AM, Italy Industrial Production at 9:00 AM, UK Manufacturing Production, and Industrial Production at 9:30 AM, and UK GDP at ??:?? ?? (Unknown Time)
Thursday : Germany CPI at 7:00 AM, EU Industrial Production at 10:00 AM, EU Minimum Bid Rate at 12:45 PM, and EU Central Bank News Conference at 1:30 PM
Friday : Germany WPI at 7:00 AM, Switzerland PPI at 8:15 AM, and EU CPI, and Trade Balance, and UK Leading Index at 10:00 AM
This week's European news releases that should cause high volatility are shown in bold type. There are several European news releases this week, and four high volatility news releases. The European markets will probably experience significant volatility and price movement throughout this week.
Asia
Monday : Australia Job Advertisements at 12:30 AM, China New Loans, and Money Supply at ??:?? ?? (Unknown Time), New Zealand Business Confidence at 9:00 PM, and Japan Bank Lending, Current Account, and Money Stock at 11:50 PM
Tuesday : Australia Home Loans at 12:30 AM, and Japan Economy Watchers' Sentiment at 5:00 AM
Wednesday : New Zealand Commodity Prices at 2:00 AM, Japan Machine Tool Orders at 6:00 AM, New Zealand Building Consents at 9:45 PM, and Japan Machinery Orders, and CGPI at 11:50 PM
Thursday : Australia Employment Change, and Unemployment Rate at 12:30 AM, Australia Business Confidence at ??:?? ?? (Unknown Time), and China Foreign Direct Investment at ??:?? ?? (Unknown Time)
Friday : No News Releases
This week's Asian news releases that should cause high volatility are shown in bold type. There are several Asian news releases this week, and five high volatility news releases. The Asian markets will probably experience significant volatility and price movement throughout this week.
Economic Calendar With Volatility Expectations originally appeared on About.com Day Trading on Sunday, February 7th, 2010 at 14:26:12. Permalink | Comment | Email this
Japanese Candlestick Patterns - Bearish Thrusting
31 Jan 2010 at 9:16pm
The last of the Japanese candlestick patterns that require two candlesticks is the bearish thrusting. The bearish thrusting candlestick pattern is similar in appearance to the bearish on and in neck patterns, and is therefore also relatively easy to identify on a price chart (as long as it is not confused with the bearish in neck pattern). Japanese Candlestick Patterns - Bearish Thrusting originally appeared on About.com Day Trading on Monday, February 1st, 2010 at 04:16:02. Permalink | Comment | Email this
Japanese Candlestick Patterns - Bearish On Neck and Bearish In Neck
26 Jan 2010 at 9:43pm
At first, the next pair of Japanese candlestick patterns appear to have very odd names, but once you understand why they are so called, the names actually make sense. The bearish on neck and bearish in neck candlestick patterns are very similar, but once their underlying concept is understood, they are relatively easy to identify on a price chart. Japanese Candlestick Patterns - Bearish On Neck and Bearish In Neck originally appeared on About.com Day Trading on Wednesday, January 27th, 2010 at 04:43:15. Permalink | Comment | Email this
Economic Calendar With Volatility
24 Jan 2010 at 8:14am
There are several news releases from each region this week (the US, Europe, and Asia). The US has nine high volatility news releases, while Europe has six high volatility news releases, and Asia has six high volatility news releases. Markets from all three regions will probably experience significant volatility and price movement throughout this week.
The US, European, and Asian news releases for this week are as follows (all times are Greenwich Mean Time, which is one hour behind Central European Time, and five hours ahead of US Eastern Time) :
US
Monday: Existing Home Sales at 3:00 PM
Tuesday: HPI at 2:00 PM, Consumer Confidence, HPI, and Manufacturing Index at 3:00 PM, and Central Bank Vote at ??:?? ?? (Unknown Time)
Wednesday: World Economic Forum Meeting at ??:?? ?? (Unknown Time), New Home Sales at 3:00 PM, Oil Inventories at 3:30 PM, and FOMC News Conference, and Federal Funds Rate at 7:15 PM
Thursday: World Economic Forum Meeting at ??:?? ?? (Unknown Time), Durable Goods Orders, and Unemployment Claims at 1:30 PM, and Natural Gas Storage at 3:30 PM
Friday: World Economic Forum Meeting at ??:?? ?? (Unknown Time), FOMC News Conference at 1:15 PM, GDP, and Employment Cost Index at 1:30 PM, PMI at 2:45 PM, and Consumer Sentiment, and Inflation Expectations at 2:55 PM
This week's US news releases that should cause high volatility are shown in bold type. There are several US news releases this week, and nine high volatility news releases. The US markets will probably experience significant volatility and price movement throughout this week.
Europe
Monday : Germany Consumer Climate at 7:00 AM
Tuesday : Switzerland Consumption Indicator, and Germany Import Prices at 7:00 AM, UK HPI at ??:?? ?? (Unknown Time), France Consumer Spending at 7:45 AM, Germany Business Climate, EU Current Account, and Italy Retail Sales at 9:00 AM, UK GDP, Mortgage Approvals, and Index of Services at 9:30 AM, and UK Central Bank at 9:45 AM
Wednesday : Germany CPI at ??:?? ?? (Unknown Time), World Economic Forum Meeting at ??:?? ?? (Unknown Time), UK MPC News Conference at 9:30 AM, and UK Realized Sales at 11:00 AM
Thursday : World Economic Forum Meeting at ??:?? ?? (Unknown Time), Germany Unemployment Change at 8:55 AM, and EU Consumer Confidence at 10:00 AM
Friday : UK Consumer Confidence at 12:01 AM, World Economic Forum Meeting at ??:?? ?? (Unknown Time), EU Money Supply, and Private Loans at 9:00 AM, EU CPI, Unemployment Rate, and Italy Unemployment Rate at 10:00 AM, and Switzerland Economic Barometer at 10:30 AM
This week's European news releases that should cause high volatility are shown in bold type. There are several European news releases this week, and six high volatility news releases. The European markets will probably experience significant volatility and price movement throughout this week.
Asia
Monday : Australia PPI at 12:30 AM, and Japan CSPI at 11:50 PM
Tuesday : New Zealand Credit Card Spending at 2:00 AM, Japan Monetary Policy, Overnight Call Rate, and Central Bank News Conference at ??:?? ?? (Unknown Time), Australia Leading Index at 11:30 PM, and Japan Trade Balance at 11:50 PM
Wednesday : Australia CPI at 12:30 AM, Japan Central Bank Report at 5:00 AM, World Economic Forum Meeting at ??:?? ?? (Unknown Time), New Zealand Cash Rate, and Central Bank Rate at 8:00 PM, and Japan Retail Sales at 11:50 PM
Thursday : World Economic Forum Meeting at ??:?? ?? (Unknown Time), New Zealand Building Consents, and Trade Balance at 9:45 PM, Australia Leading Index at 11:00 PM, Japan PMI Manufacturing at 11:15 PM, Japan Household Spending, CPI, and Unemployment Rate at 11:30 PM, and Japan Monetary Policy, and Industrial Production at 11:50 PM
Friday : Australia Quarterly Business Confidence at ??:?? ?? (Unknown Time), Australia Private Sector Credit at 12:30 AM, Japan Central Bank News Conference at 3:30 AM, Japan Housing Starts at 5:00 AM, and World Economic Forum Meeting at ??:?? ?? (Unknown Time)
This week's Asian news releases that should cause high volatility are shown in bold type. There are several Asian news releases this week, and six high volatility news releases. The Asian markets will probably experience significant volatility and price movement throughout this week.
There are several news releases from all three regions (the US, Europe, and Asia) this week. The US and Asia have five high volatility news releases each, while Europe has four high volatility news releases. Markets from all three regions will probably experience significant volatility and price movement throughout this week.
The US, European, and Asian news releases for this week are as follows (all times are Greenwich Mean Time, which is one hour behind Central European Time, and five hours ahead of US Eastern Time) :
US
Monday: FOMC News Conference at 2:10 AM
Tuesday: Trade Balance at 1:30 PM, and Economic Optimism at 3:00 PM
Wednesday: Oil Inventories at 3:30 PM, and Beige Book, and Budget Balance at 7:00 PM
Thursday: Retail Sales, Unemployment Claims, and Import Prices at 1:30 PM, Business Inventories at 3:00 PM, and Natural Gas Storage at 3:30 PM
Friday: CPI, and Manufacturing Index at 1:30 PM, Capacity Utilization Rate, and Industrial Production at 2:15 PM, and Consumer Sentiment, and Inflation Expectations at 2:55 PM
This week's US news releases that should cause high volatility are shown in bold type. There are several US news releases this week, and five high volatility news releases. The US markets will probably experience significant volatility and price movement throughout this week.
Europe
Monday : France Industrial Production at 7:45 AM, and Switzerland Retail Sales at 8:15 AM
Tuesday : UK Retail Sales, and House Price Balance at 12:01 AM, France Budget Balance at 7:45 AM, and UK Trade Balance, and HPI at 9:30 AM
Wednesday : France CPI at 7:45 AM, Italy Industrial Production at 9:00 AM, UK Manufacturing Production, and Industrial Production at 9:30 AM, and UK GDP at ??:?? ?? (Unknown Time)
Thursday : Germany CPI at 7:00 AM, EU Industrial Production at 10:00 AM, EU Minimum Bid Rate at 12:45 PM, and EU Central Bank News Conference at 1:30 PM
Friday : Germany WPI at 7:00 AM, Switzerland PPI at 8:15 AM, and EU CPI, and Trade Balance, and UK Leading Index at 10:00 AM
This week's European news releases that should cause high volatility are shown in bold type. There are several European news releases this week, and four high volatility news releases. The European markets will probably experience significant volatility and price movement throughout this week.
Asia
Monday : Australia Job Advertisements at 12:30 AM, China New Loans, and Money Supply at ??:?? ?? (Unknown Time), New Zealand Business Confidence at 9:00 PM, and Japan Bank Lending, Current Account, and Money Stock at 11:50 PM
Tuesday : Australia Home Loans at 12:30 AM, and Japan Economy Watchers' Sentiment at 5:00 AM
Wednesday : New Zealand Commodity Prices at 2:00 AM, Japan Machine Tool Orders at 6:00 AM, New Zealand Building Consents at 9:45 PM, and Japan Machinery Orders, and CGPI at 11:50 PM
Thursday : Australia Employment Change, and Unemployment Rate at 12:30 AM, Australia Business Confidence at ??:?? ?? (Unknown Time), and China Foreign Direct Investment at ??:?? ?? (Unknown Time)
Friday : No News Releases
This week's Asian news releases that should cause high volatility are shown in bold type. There are several Asian news releases this week, and five high volatility news releases. The Asian markets will probably experience significant volatility and price movement throughout this week.
Economic Calendar With Volatility originally appeared on About.com Day Trading on Sunday, January 24th, 2010 at 15:14:39. Permalink | Comment | Email this
Japanese Candlestick Patterns - Bullish and Bearish Separating Lines
18 Jan 2010 at 11:11pm
A recent pair of japanese candlestick patterns were the bullish and bearish meeting lines, so it seems appropriate that the next pair are the bullish and bearish separating lines. The bullish separating lines and the bearish separating lines are slightly more complicated than their meeting counterparts, but they are still relatively easy to identify on a price chart, and in the appropriate context they can be used as trade entry and trade exit signals.
Japanese Candlestick Patterns - Bullish and Bearish Separating Lines originally appeared on About.com Day Trading on Tuesday, January 19th, 2010 at 06:11:28. Permalink | Comment | Email this
EUR to USD or Eurodollar?
16 Jan 2010 at 9:38pm
The Euro to US Dollar futures market and the Eurodollar futures market have similar names, but they are completely different markets. This can cause confusion for new traders, or even experienced traders that simply do not know what Eurodollars are.
I recently received an email questioning the tick size and tick value of the Euro to US Dollar futures market, and it turned out that the trader was reading the contract specifications for the Eurodollar futures market by mistake. So, I will explain what Eurodollars are, and clarify the contract specifications for both the Euro to US Dollar futures market and the Eurodollar futures market.
What Are Eurodollars?
Eurodollars are US Dollars that are stored outside of the US (such as in Europe, and therefore the name Eurodollars). The reason that Eurodollars exist is that US Dollars that are stored outside of the US are out of the jurisdiction of the US government, and are therefore not subject to any of the regulatory control that normally applies to US Dollars.
Eurodollars have absolutely nothing to do with the Euro currency (the currency of the European Union). Eurodollars were originally stored in Europe, but Eurodollars can be stored anywhere outside the US, and the name Eurodollars equally applies to US Dollars that are stored in Asia or anywhere else (except the US).
Euro to US Dollar Contract Specifications
The Euro to US Dollar futures market (usually known as the EUR futures market) is based upon the Euro to US Dollar currency exchange rate. The contract specifications for the Euro to US Dollar futures market are as follows:
Symbol: EUR or 6E
Expiration date (as of January 2010): March 15th 2010
Exchange : GLOBEX
Currency : USD
Multiplier / Contract value : $125,000
Tick size / Minimum price change : 0.0001
Tick value / Minimum price value : $12.50
Eurodollar Contract Specifications
The Eurodollar futures market is based upon the interest rate offered on Eurodollars. The contract specifications for the Eurodollar futures market are as follows:
Symbol: GE
Expiration date (as of January 2010): March 15th 2010
Exchange : GLOBEX
Currency : USD
Multiplier / Contract value : $2,500
Tick size / Minimum price change : 0.005
Tick value / Minimum price value : $12.50
Note that the tick size and tick value of the Eurodollar futures market will change to 0.0025 and $6.25 respectively when the March 2010 contract becomes the next expiring contract (i.e. on February 15th 2010).
EUR to USD or Eurodollar? originally appeared on About.com Day Trading on Sunday, January 17th, 2010 at 04:38:13. Permalink | Comment | Email this
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