Using my Elliott Wave Blog fundamentals can give us an edge on predicting future movement of the financial markets.

I’ve been talking about how weak the rally looks internally the past few weeks and how I’m looking for volume to re-enter the market to give us some momentum in either direction. I didn’t want to take a position randomly because I know how the market can easily just float higher and higher and higher on light volume for several weeks. And that’s exactly what it has done. But now the daily price action is starting to match the weakness the internals have shown the past few weeks. Today’s internals continue that trend with a measly 817 NYSE shares traded, but decliners well exceeded advancers by 1,178; a bearish indicator here.

When volume returns, it should move this market sharply. If it shoots higher with that volume, I believe it would be a capitulation move, not the start of the next rally leg lasting months. So it should be capped and reversed in fairly quick order. I wouldn’t short into the rally, I would simply get out of its way and let it run its course and wait for signs of a top. Then I’ll try shorting against a recent swing high. The other option is that the market just shoots lower from current levels either Tuesday or Wednesday this week. If so, and volume increases on the decline, I’d short into that weakness.

ELLIOTT WAVE COUNT

With a clear 3 wave drop from the high on the year the only accurate way to count this is an ABC decline within a larger correction, most likely a WXY combination. The market should soon be undergoing another 3 wave drop to form wave (Y). Making a new high on the year would negate this count from contention and most likely mean the 3 wave decline was simply an ABC zig-zag correction within a larger 4th wave. But under this scenario, the market would soon top and reverse anyway. So I favor the short side now and am looking for an opportunity to get short.

The daily S&P chart tells a grim picture for stocks. Volume has fallen significantly as the market has risen, suggesting the rally has little teeth to it and that it’s most likely just a correction [which I’m labeling Wave (X)]. Also notice the RSI has already reversed and has been headed lower for days while price has consolidated. I can’t emphasize enough how weak this market looks right now. But without any solid evidence of a top, we have to expect it to float higher….and continue to wait.

The euro count eludes me for the short and medium terms. The larger downtrend count remains intact though so I want to look for shorting opportunities. A reversal day, sharp decline and/or an impulsive move lower would get me to attempt a small short position. Aside from that, I’m on the sidelines here.

PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

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Many experts rely on other experts to indicate a general trend and what then follows is a herd mentality which is then reflected in articles and press reports that you read in your newspapers and elsewhere. Of course there are exceptions to this and some experts really do seem to have an incredible knack for calling the market whether it be for the market to move higher or lower.

Some experts rely on fundamentals which include the underlying strength of certain high profile sectors and companies in order to derive a feeling for the general market direction.

While other experts rely on technical analysis which attempts to predict certain trends believing that once a trend is established it often continues for a considerable time, allowing traders to profit from these trends.

There is no doubt that both approaches have their merits and often they can correlate making both fundamentals and technical approaches appear correct. However which would you opt for?

If you actually start to look at the technical side there is no doubt that history does seem to repeat itself over and over again leading to numerous opportunities to make money from the markets. Next time you take a look at a chart of any market, see if you can find a certain month or period of the year when the market rises or falls on a continuous basis, you may be surprised by what you will find.

One classic example is if you simply invested in the market every November to April period and repeated this year after year you would have truly outstanding returns. Another classic is trading or betting that the market on the first trading day of the month will close higher.

This strategy alone has a remarkable success rate for many markets including the Dow Jones with a total of 4000 points won over the last 13 years on just that single day.

There are a number of products ideal for taking advantage of this type of trading with fixed time periods and fixed amounts to be won and they are simply known as financial fixed odds and binary bets / binary options.

The reason why they are such an excellent choice is very simple. These products deal with a fixed amount won or lost which is known from the outset. This simply means that you will know from the start of your trade the absolute maximum you will lose if things go against you and the amount you will win.

These means protecting your account becomes much easier.

Here’s how Binary Trading is the safer, better option:

Let’s say you wish to day trade and you think that the market on this day is going to rise overall.

You open a binary bet / binary option and are quoted a price of 48 for the Wall Street (Dow Jones) market to close higher for that day, for example. You decide to risk $10 per point. Binary bets work on a price of 0 – 100 which means that if you win, you will earn 52 x $10 i.e. £520. This figure is the 100 points – 48 (cost of the bet) x the amount of your stake, (being £5).

Now let’s instead say we opened a spread bet or futures trade and the market stands at 10200 and again you choose to risk $10 per point, expecting the market to rise. For every point the market moves up you gain $10 and for every point the market moves down you lose $10. Let’s also say you place a stop at 10000, just in case the market should move down, against you.

With the binary bet you need not care how far the market moves one way or another. All you need is for the market to close higher by the end of the day to win.

With the binary bet you know your maximum win being 52 x $10 = $520 and your maximum loss is 48 x $10 = $480.

The spread bet is a different story; your whole level of profit or loss is totally dependent on how far the market moves during the day. If the market, for example, dropped in early trading and you hit your stop at 10000, that would be the end of your trade and you would have lost $2000 (i.e.: 200 point drop to your stop x $10 per point.)

Even if the market did close higher without hitting your stop first and closed at 10220 your win would still be less than the binary bet, as your win would be 20 x $10 being $200, whereas the binary bet would win $520.

So it’s easy to see why Binary Trading with binary bets and binary options offer an excellent starting point for new traders.

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1) How will you enter trades? The key to good entries is putting on trades where there is relatively low risk compared to much higher reward. You should also write down a clear catalyst for the expected stock move.

2) How will you exit trades? You should define an initial stop point for your trade, at the point where the trend is invalidated. You will also need a ‘trailing stop’ technique to protect your profits.

3) What type of orders will you use to enter and exit? When entering, I like to use limit orders, good for the day only, while exits are often market orders. Why? Because limit orders allow me to define my risk and reward clearly on the entry of a trade, while when I need to get out, market orders allow immediate exit compared to the risk of missing my exit with a limit order.

4) How much capital will you need to trade successfully? There are economies of scale as you increase the amount of capital you trade with. Costs related to commissions, quote systems and equipment begin to diminish as the percentage of capital invested goes up.

5) What percentage of your capital will you invest in each trade? The amount of capital I typically use is 10% per trade in my own accounts. I know traders who commit anywhere from 5% of their account per trade, to 20% of their account per trade. Your goal should be to keep portfolio risk per trade at less than 2% per trade. For example, if you invest 20% of your portfolio in a trade, a 10% loss on that position would lead to a 2% loss on your portfolio.

6) How many positions will you focus on at once? I like to concentrate my portfolio on my best ideas, plus I like to stay focused on how each stock is acting. If my portfolio is too big (I’d say more than seven stocks is too many to focus on), then I will lose focus and invariably miss an exit on a trade that I should have previously exited.

7) What will your Trading Journal look like? In my Trading Journal, I note daily observations, particularly related to my ability to execute my trading plan. I also commit to doing a post-trade analysis every month. I note what I did right and wrong, and seek to learn from mistakes to minimize future errors in similar circumstances, while also looking for winning patterns where I seek to repeat big successes.

What is your Position Review process? I suggest you have an end-of-day routine to close your day. Review your trades, and assess if you followed your plan. Keep a log of all your trades, and make comments on each position.

9) What is your Preparation process before trading? You need defined time to prepare for the next trading day and build up your trading confidence. I prepare after the close for the next day’s trading, which allows me to formulate a plan of action BEFORE I get into the heat of battle. This keeps my trading proactive instead of reactive.

10) What broker will you use? Most traders mistakenly think that commissions are the number one factor they can control. In reality, commissions are a small cost compared to the broker’s effectiveness at executing your trade. Your focus should be finding a broker who gets you speedy and fair execution of your orders.

Once you have defined these facets of your trading plan, you are in an excellent position to have a strategy to control your emotions when trading. Make sure to review your plan on a regular basis to create effective trading habits.

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1. Options offer the potential for immense returns.

For example, last fall, they had the pleasure of enjoying option trades that realized 400% and 800% returns on our investment in six hours. Most months, they are involved in option trades that bring us 100%-200% returns on our investment.

Options offer the potential to make a 200% or even 400% return on your investment in a matter of days. Though stocks can offer lovely returns, there is no trade in the stock market that has the potential for such immense percentage returns within such a short time period.

However, keep in mind that with this potential for high returns comes high risk.

2. Options can be profitable even when stocks are going nowhere.

When you write an option, stock neutrality can be one of your best friends. So, while everyone else is watching paint dry, you can be making money.

While stocks require movement either up or down to make money, options can pay off when stocks are in a holding pattern or going nowhere in terms of cost.

3. Options can function as insurance.

in case you are holding stocks for an extended time period and are concerned about significant cost fluctuations, you can purchase options to offset any potential losses due to cost drops for a minimal amount of money. Options can give you the chance to reap the rewards of riskier investments while limiting your losses.

in case you are planning to hold a stock for plenty of months, or even years, writing options can be an excellent way to add value to your investment without selling your stock. Of work, you will must select the right option, but in case you do, you can pocket most of the premiums (cash), if not all of them.

4. Options are a lovely add-on.

in case you are fully invested in other areas, options can be a way to invest in stocks without having to fork over lots of money. simultaneously, they limit your losses if the trade goes against you.

5. Options are affordable.

While stocks can only be bought at the current market cost, options offer a variety of packages based on different strike prices and expiration dates. Because of this one of a kind feature, you can implement plenty of different strategies and tactics to generate income.

6. Options offer flexibility.

When you buy an option contract, you have bought the ability to control 100 shares of stock. It’s a kind of leverage, and it gives you the potential for significant returns.

7. Options are leverage.

I don’t have any secrets or special insight in to what the markets, stocks or options are going to do. basically, I’m a math geek at heart. Patterns and probabilities are my comfort zone, as analyzing charts opens up my trading account to endless possibilities.

The more you know about the securities you’re trading, the better your returns will be. Understanding how they’ve traded historically, what their trigger points are, what the classic chart formations mean and the time they take to play out, and which signals mean a stock is going to plummet or soar mean that there’s no reason to guess where a stock’s heading next.

and when you’re anticipating a significant stock move in a short time period, well, what better way to play it than by leveraging your gains by 5-10 times by purchasing options in lieu of spending tens or hundreds of thousands of dollars on the shares?

As an investor, no doubt you have a handful of favorite stocks that you can’t cut loose-whether they’re great performers or whether you’re “hanging in there” till they do what you expect them to.

in case you think about option trading, then you ought to select your investment tool cautiously and generate a broadly diversified portfolio so that you can minimize your risk.

As a trader, though, you never require to get “attached” to a stock. You’ve got to be prepared to funds out quickly when you’ve made your gains, and you’ve got to cut loose those under performing positions to keep your capital intact for those trades that will behave-and pay off!

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3 tips to create zap as a beginner to money trading.

Tip 1: Choose a trusted trading broker who can provide you with a reliable trading platform.

It is not easy to huddle a good Forex broker. Normally I choose a trading broker which is well established and also allows severe leverage, such thanks to Forex.Com, MIG or Interbank Fx. I prefer Forex.com due to, you can enjoy minimum champion entries for the live account for as depressed as USD250. Forex.com provides a lot of different trading platforms and tools near as Forex Trader, Wireless Trading or MetaTrader 4. Personally, I prefer to use Metatrader 4, thanks to it is user generous besides has a stable connection.

Tip 2: Drive your Forex demo account to start your currency trading.

Demo account allows the user to gravy “play money” to practice trading mask active intelligence. This is very important to a beginner to Forex trading in consequence that they can practice trading without losing real chief. Seeing a beginner fame online foreign currency trading, you fault start a demo account with grease 1:200. Leverage is a rate numeral of finance that you can borrow from the Forex broker. Deposit demo amount should epitomize similar to the future live account amount. thanks to example, we are encourage you to use as low because USD250 to start your demo trading.

After you have downloaded the MetaTrader 4 means leisure activity your computer, you can go to “File” further wavelength on “Open an Account”. You can inaugural in your relevant information to set up the report. Dwell upon your need to enter a valid email inscription so that your account will be cordial. You can get your login id and password immediately after you have created your demo account.

Tip 3: Get your basic Forex knowledge.

It is not any problem for a beginner to know how to trade. You can go online and look into on currency foreign exchange by searching on Google or reading some books or ebooks on fx trading and get some opinion regarding fundamental analysis and specialist analysis. Able are many articles and blogs on this. You must be a constant learner and don’t give up in case you fail. Consistency is a must in order to succeed in any endeavor in life.

However, ultimately, a fitting Forex trading course blame second to accelerate your learning curve, and an experienced coach would embody able to remedy you also lead you towards Forex trading mastery. Terminate what you are doing relevant due to and get your Life energetic Forex racket Brokers Program. It’ll alter your Life Forever! Have a full time income from forex trading.

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You’ve heard the buzz surrounding FAP Turbo Automated Forex Trading Robot and it’s ability to turn $5,100 into $25,100 – In 30 Days – Is FAP Turbo A Scam? I take a look at the software’s claims and it’s deliverable proof.

Forex Robot
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What is an Automated Forex Robot? Basically it is an “Expert Advisor” or EA that plugs into the MetaTrader 4 platform run by most online forex brokers. The EA controls the market analysis and buying and selling of foreign currencies also known as currency pairs eg GBP USD (British Pound/US dollar, GBP CHF (British Pound / Swiss Franc).

There are several Forex Robots for sale on the internet but Is FAP Turbo the Best Forex Trading Robot out there? or is it just another means of putting huge holes in you pockets. I personally use the software with the Metatrader platform and wondered if this was just a re-hash of the old Forex Auto Pilot (FAP) script.

The ultimate goal of FAP Turbo forex software is to provide a tried and tested method for ordinary people who want to trade the global forex markets without having to understand all the charting and technicalities of the market. The robot operates automatically, the investor just needs to leave their computer turned on 24 / 7. If leaving you PC switched on permanently is not possible, a remotely hosted VPS Server solution is recommended.

The design is such that the trader needs no previous knowledge of forex trading – a simple installation process is all that is required. The 3 “nerd” programmers have made FAP Turbo forex trading software really easy to setup just a simple single file download is required – then the EA is “plugged-in” to the host trading platform Metatrader (provided free by several brokers) takes over all the trading activities, all automatically controlled by the FAP Turbo EA.

You can use this software simply to get real-time forex prices and place manual trades or, to automate all your trading activity simply “plug in” your copy of FAP Turbo forex robot then active “Auto Trading”. Once you are happy with the performance of the robot trading your dummy cash account and your balance is looking healthy, it’s time to open a live account.

Seems simple heh, you just leave your PC switched on and the robot software, in conjunction makes you a boatload of cash! as they say “BIG Money Is Made NOT By Working Hard But By Working SMART!”

BUT HOLD on! as I mentioned earlier, there are several trading robots available for sale on the internet and depending on the configuration of these trading robots it is VERY easy to lose a lot of money too!
I have tested many and lost entire deposits – don’t worry these were just dummy cash deposits which you can easily set up inside Meta Trader’s Control panel.

FAP Turbo is different, it shows the forward live trading. This is conclusive evidence as the accuracy can be proved by the software’s back test report. The makers are so confident of the profit pulling power of this EA that they provide a LIVE! trading account statement showing all of their FAP Turbo trades on their website.

Programmed by 3 IT geeks, Ulrich Mike and Steve, they took Marcus B. Leary’s original FAP (Forex Auto-Pilot) coding and totally re-engineered it to create a much more stable solution with a built-in anti loss mechanism – a unique feature when compared to legacy forex trading robots.

The new self contained rules have been fully tested using back test data to ensure profitability over a given time period. Further proof is demonstrated by the geeks by testing forward live trading.

Take a look at their cash multiplication report:

* $370 Turning Into $7,300- In 2 Short Months
* $2,500 Turning Into $8,700 – In 45 Days
* $10,000 Turning Into $31,400 – In 90 Days

Once you have installed the downloaded package you can open a demo account with dummy cash, (eg $5000 or $10,000 – all deposits are in dollars) in order to test your various robot’s performance with various foreign currency pairs before risking real cash, BUT with FAP Turbo, the above figures were obtained using a LIVE account with REAL money, they have certainly put their money where their mouths are. YES! this is LIVE data and you can check out the live online trading account statement . The results refreshed every 15 minutes, see FAP Turbo Forex Robot in action, this will show live proof of both back testing and live trading.

But always remember regardless of a robot’s previous success there is no guarantee of future success and bearing this in mind ALWAYS use a good money management strategy, this is essential to ensure that you “live to fight another day” and not blow all your hard earned cash. FAP Turbo authors recommend that you test the EA on a dummy account as results differ from borker to broker. Once you have proved for yourself which currency pairs work best with your broker, it’s time to go live.

A clever addition is the “stealth” option that can be switched on or off, it hides all your “stop losses” and “take profits” form the broker so that they will never know when you plan to enter or exit a trade thereby ruling out any underhand tactics used by cheating brokers. FAP Turbo can also fake the actual stops and TP values visible to the broker again providing another level of safety to the trader – a nice safety valve.

To conclude, this is the only robot I know of, trading and displaying live real-time proof of the EA making REAL money, so therefore in my opinion this is the best forex trading robot, how many other trading robot vendors are willing to show you their bank balance, you might see some fake Photoshop’d screen shots – but how many live?

In the membership area, the authors are planning to change FAP Turbo from purchased software to a monthly membership model, it has already gone up $50 in price and is still fantastic value – I got in early and paid the launch price which includes lifetime updates and support. Remember when you buy FAP Turbo you can evaluate it risk-free for 60 days. If you are not happy for any reason you can request a no-questions refund so you are not risking any money just for trying it out. Once a refund has been issued your activation code will become invalid and your forex robot will stop working – so you really have nothing to lose.

Happy trading!

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In the early days in the UK where CFDs started out they were referred to as SWAP contracts. It wasn’t until approximately 2001 that CFDs grew to become popular with retail investors. It was CMC Markets and IG Markets, two large spread betting providers based in London that bought CFDs to the forefront in the retail investors arsenal. CFDs suddenly grew to be well-liked in the United kingdom as they didn’t attract any stamp duty.

In 2002 both CMC Markets and IG Markets opened offices in Australia and started to actively market CFDs to Australian traders, the popularity of CFDs peaked in 2007. Because of their popularity amongst Australian traders and investors many offshore CFD providers saw the potential in Australia and opened up offices. There are over 13 CFD providers operating in Australia and an estimated 35,000 retail CFD traders.

In recent times CFDs have received much negative exposure because of traders incurring losses due to overexposing themselves to the market during volatility. This combined with the recent collapse of CFD provider Sonray Capital Markets has led to increased scrutiny by the Australian financial Services Regulator ASIC relating to how CFD providers handle client money.

At present CFDs remain by far the most widespread financial product for retail traders in Australia, although unconfirmed it’s estimated that CFD volumes account for around 35% of ASX exchange turnover. As CFDs are an over-the-counter product it is hard to verify this number.

CFDs in Australia are largely traded online through a selection of proprietary CFD trading platforms offered by the major companies. A lot of of these platforms were initially developed for forex CFD trading however due to the similarities between share CFDs and forex CFDs the platforms have be tailored to suit share CFD traders.

As Australia has the highest proportion of share ownership in the world on a per capita basis it’s not unexpected that almost all CFD traders have experience trading shares online. The historical growth of the Australian share market has made share and CFD trading a common pass-time for Australians.

Before you run out and join the 35,000 CFD traders in Australia you must ensure that you’re completely aware of the risks involved in CFD trading. Like all leveraged financial product CFDs offer sizeable benefits however these don’t come without risk. You must make certain that before you jump into CFD trading you understand the Product Disclosure Statement (PDS) obtainable from your CFD provider that outlines the disadvantages and benefits of trading CFDs.

The spread of equity CFDs are often the same as the spread of the underlying security on which the CFD is derived however when trading shares this is known as the bid and ask price. Many CFD providers may widen the spread of share CFDs when there is a lack of liquidity in the underlying instrument over which the CFD is derived, others may factor their commission rate into the spread. When choosing a CFD provider it’s imperative that you make sure the spreads of the share CFDs offered emulate the spread in the underlying equity. Often CFD providers that widen the spread of CFDs over liquid shares as well as charging a fee are earning extra revenue by making the most of their client’s lack of awareness of the price of the underlying instrument on which the CFD is quoted.

Spreads are also often applied to Index CFDs. The spreads applied to index CFDs work very in a different way to the spreads applied to equity CFDs in that some CFD brokers offer CFDs over index futures contracts even when the exchange on which they are traded is closed. Often the price of an index CFD is based on the fair value of the futures contract or cash price, CFD providers will take the price of the index and add a spread which is often wider than the spread in the underlying index futures contract. When the exchange on which the futures contract is quoted is closed CFD providers will often widen the spread as they’re not capable of hedging their customer orders. The spreads applied to index CFDs will vary depending on the exchange and liquidity of the underlying futures contract.

The spreads applied to forex CFDs work in a similar manner to the spreads applied to index CFDs however as the forex market is the largest market in the world, there is a vast amount of liquidity and spreads are often very tight. It is important to be aware that some CFD providers will take advantage of forex traders by quoting tight spreads for small trade volumes or during quiet market periods, but widen the spread during busy periods or when the trader becomes more active. It is not uncommon for CFD providers to differentiate themselves from by quoting variable or fixed spreads, however both have their advantages and disadvantages.

When trading forex CFDs with fixed spreads traders don’t have to worry about being re-quoted or spreads widening over periods of high volume, they are also able to calculate their profit or loss accurately without being at the mercy of the CFD provider. Trading forex CFDs on fixed spreads can be advantageous over variable spreads especially in periods of volatility where providers offering variable spreads will show enormously wide spreads, however trading during periods of low volume will cost more. Fixed spreads are often suited to forex scalpers or day traders who trade frequently during volatility.

Dealing in forex on variable spreads also provides advantages in that customers are often able to enter the market during quite times at better prices, however all traders should beware that variable spreads are not always beneficial in that should the trader wish to exit the position the CFD provider may show a wider spread than the spread shown when the trade was opened. Variable spreads are suited to longer term strategy traders who do not trade during volatile periods.

In conclusion it’s vital that as a newbie trader you understand how CFD companies can use the spread to their advantage. As always it is important to make sure that you opt for a CFD broker that is able to offer you CFDs which will fit your trading system as the incorrect choice may well be an expensive learning experience.

Before you start trading Contracts for Difference you should understand how CFD spreads can impact your CFD trading profits, it is imperative that you consider this prior to choosing a CFD provider.