Category Archives: Forex and Trading

Making Money From Scrap Metal Trading

Making Money From Scrap Metal Trading

Trading scrap metal is like trading any other commodity. Buy low, sell high and make your fortune. The difference with scrap metal is that people will often pay you to take it off their hands, despite the fact that you eventually trade it on at a profit a win/win situation. Having said that, making money from trading in scrap metal isn’t an easy business, and there are plenty of pitfalls awaiting the unprepared, or inexperienced trader. It’s a competitive market, and you really have to know what you’re looking for in order to have any real success. In this article, we will look at how you can set yourself up for making money from scrap metal trading, and what you need to learn in order to guarantee success.

Making money from scrap trading starts with a sound investment. What this means is that you’ve got to invest in scrap metal first of all, before you can get started. Fairly obviously, you need to hold scrap before you can sell scrap, and that’s where the initial investment stage comes in. Whilst it would be unwise to recommend investing beyond your means, it may be necessary to borrow money from family or friends in order to fund your first purchase. Once you’ve done that, you should aim to quickly sell your bulk lot, in order to refinance your loans and give yourself some starting capital to play with. This kind of graduated selling tactic will not only provide you with investment capital, but also with the chance to learn and develop the vital skills necessary to make a success.

In order to make money from scrap trading, you also have to have access to a marketplace. Much of the commodity trade in scrap metal is now done online, and there are plenty of different ways to shift your scrap. One of the most common is through forums, or market sites, that allow you to trade in the virtual environment with traders from around the world. This gives you the opportunity to market, and buy, from all corners of the globe, in order to expand the reach of your business and your eventual customer base. By going online, you can also benefit from instant communications with suppliers and customers worldwide, to enable smoother, cheaper transactions.

Making money from trading in scrap metal isn’t easy if it was, everyone would be doing it. If you know what you’re doing, it can be profitable, but to think that it is any easy route to wealth is nave at best. It takes time to learn the ropes, and you’ve got to be willing to put up that investment in the first instance before you can begin to reap the rewards. Provided you take the time to learn the skills, you have money to invest, and you do business prudently and wisely at all times, you should be able to realise a profit from your scrap trading and ultimately, build up a sustainable commodity business.

Day Trading – Is Forex Easier To Trade Than Stock Market Indices

Day Trading – Is Forex Easier To Trade Than Stock Market Indices

There are many professional day traders out there who focus all their efforts on trading a particular instrument, whether it’s a currency pair or a stock market index. I personally have attempted to trade both in the past so I can speak from experience when I say that in general it is much easier to trade forex.

The main reason why is because when you trade one of the major currency pairs you can usually concentrate purely on technical analysis. In other words when you trade the intraday charts you can trade the forex pairs around pivot points and areas of support and resistance because the price movements can be quite predictable. However when you trade stock indices such as the FTSE 100 or the Dow Jones, for instance, the price movements are not always so predictable.

That’s obviously because these indices are made up of various different stocks and they don’t always rise and fall in tandem with each other. Yes you may get some days when all the constituents trade higher or lower, but most of the time certain sectors will be strong, whilst others may be flat or trading lower. Plus there are often occasions when individual stocks release some news concerning their company and as a result the share price moves independently of the wider market.

As a result of all this, you don’t always get as many predictable bounces off key support and resistance levels, for example, as you do when you trade the major forex pairs. Therefore they are much harder to trade with any confidence because you can never be sure of how the price will react around these key levels.

Another point worth making is that when you trade forex you can pretty much guarantee that you will have a large trading range for many of the most popular currency pairs, such as the GBP/USD, EUR/USD and GBP/JPY pairs, for any given trading day. The same cannot be said for the various stock market indices, however, because there are some days when the FTSE 100, and even the Dow Jones, will trade within a very narrow trading range.

So the point I want to get across is that on the whole it’s a lot easier to day trade the forex markets than the stock market indices. They respond very well to technical analysis, whether it’s fibonacci levels, pivot points, or simply trend lines and basic levels of support and resistance, whereas the same cannot always be said about the indices because of how they are derived.

Options Trading Tutorial

Options Trading Tutorial

Options Trading tutorial

An options trading tutorial is helpful in giving knowledge to individuals who are relatively new in the world of options trading. It is extremely helpful to get the aid of a good mentor or use online options trading forums to assist you in trading options. Options trades are not that simple, so you need all the help you can get to understand and get a feel for the various elements of options trading. There are two major choices for you when looking for an options trading help. Either you can choose to get a FREE online options trading dvd and report or you can grab yourself an experienced mentor from an online options trading forum

Getting a Mentor

Getting an actual options trading mentor gives you the opportunity to learn the options trade through another person. It provides you with a head start in your options trading education, since it allows for a more specialized approach. An options trading mentors experience in the field of options trading can have a huge bearing on what you will learn. He or she can give you insider tips on what to do and what not to do and what scenarios or instances you should be on the lookout for. His or her real life experiences can make your learning much faster and more direct.

Having a mentor means that he can direct you whether it is a good time to buy or sell and the reasons and explanations behind it. He will not just be giving you instructions blindly. When considering a mentor, check the person’s background first. Find out if he is credible and if he has ample experience to assist you in the equity options trading market. One of the best things about a mentor though is the feedback you receive from them.

FREE online DVD and report

You can go for online options trading DVDs and reports to help you become familiar with the world of options trading. These DVDs and reports will help you understand and learn options trading for dummies to advanced traders. When choosing an options trading dvd and report, make sure that it is legitimate. Some of these online options trading tutorials can be expensive so choose one wisely. Check their track record as well as the services and more importantly the support they offer before buying.
Without decent education and experience, your chances of becoming a successful options trader are slim. However, with the help of options trading tutorials, you now have a way to gain an advantage over everybody else.

The Best Tactics For Short Term Forex Trading

The Best Tactics For Short Term Forex Trading

In terms of being the best tactician in short-term forex trading, we recommend momentum trading and for good reasons, too. Its main aim is to achieve the profit target as soon as possible with as little risk possible under the volatile circumstances that surround each forex transaction. Basically, you take advantage of the momentum when it is on your side by entering the forex market either on a long or short basis.

You will require three kinds of moving averages to accomplish your purpose, namely, the moving average convergence divergence (MACD), the 100-day simple moving average (SMA), and the 20-day exponential moving average (EMA). You will see why later.

For the MACD, be sure to use the default setting on the 5-minute chart. Said default setting is: Signal ENA=9, First EMA=12, and Second EMA=26. To start on this short-term forex trading strategy, open the 5-minute chart and look for the right currency pair. This means the pair trading below the SMA and EMA. Take a look at the MACD histogram. You will enter into a long trade when the MACD starts turning positive but stay within 5 candles. Your stop loss margin must be positioned at the candles low point, which should be above the EMA and SMA.

You will exit half of your position the moment the trade changes in your favour but be sure that it is still within the amount risked. The other half of your position will follow a trailing stop within a -15 pips on the 20-day EMA. This forex trading tactic should pay off handsomely under the right circumstances.

Now, lets assume that that your chosen currency pair is trading in the opposite direction above the EMA and SMA that is. In this case, you must be patient and wait until such time that the currency pair is trading below both the EMA and SMA by 15 pips, minimum.

In reverse of the first situation, you will enter into a short trade with the MACD turning negative within 5 candles. (The first situation was go long on positive turn). Your stop loss is at the high point of the first candle breaking through the EMA and SMA. (In the first, it was at a low point). You will also exit half of your position with the other half set for a trailing stop at +15 pips on the EMA. Again, this forex trading strategy should be in your favour when you can closely monitor the charts.

There are other strategies for short-term forex transactions, of course. Two examples are the use of 2 charts, namely, the hourly and the 10-minute charts as well as the 200-bar MA. You can also explore these options but we recommend trying the momentum trading strategy first.

Forex Strategies for Maximum Profit

Forex Strategies for Maximum Profit

I think it is important to have forex strategies that help maximize your profit margins. I’ve been in this business for many years now and it took me the longest time to learn how to do things properly. I’ve made a lot of mistakes and learned a lot of lessons. Through this I was able to learn a few things.

1. Don’t Diversify

I’m not a person that follows trends and this is definitely one of the worst pieces of advice you’ll ever hear. You’ll notice you’ll hear it from people that are middle class. If you hear it from a rich person, they are just giving you a hypocritical answer, just to save themselves from hearing you whine from losing your money.

Put all your eggs in one basket, but put it in the basket going up. You can’t be lazy with your money. Watch it constantly and make sure you’re making the right moves. Once the profit is gone, take them out and put them in another profitable basket.

2. Follow the Pareto principle

The 80-20 rule is a great rule to apply to your daily tasks. You’re going to have a process develop for trading and making money in this business, but you’re going that just 20% of what you do will yield you your 80% of profit. That means all the other stuff really gets you nothing. Just stick with that small 20% that makes you a lot of money.

3. Forex Killer Software

Getting software is a profitable tool for this business. The carpenter has their hammer, so the forex trader needs their software. My profits almost tripled in the first month after using this.

is the best tool you can get to increase your profit margins and decrease the amount of time you have to watch over trades. It is definitely a smart move.

For more information on the Forex Killer software, check out .