By Jeremy Black
A spread betting account is one of the first things that any trader should think about before entering this form of financial investment. However, it is not an easy selection of account. The task of the traders is to choose an account in wisest way possible. This is because this will be their venue to earn profits. If they will not choose the right one for them, there is a high chance of losing money, rather than earning some.
With the foregoing, traders should think about five (5) things when choosing a reliable spread betting account. These are specifically about their legitimacy, range of markets, costs, as well as platforms and even customer support. This article will explain all of these aspects in the subsequent sections.
Legitimacy matters
The value of checking out several options for a spread betting account lies on the benefit of appreciating their legitimacy. This is because it matters to have an account from a legitimate provider. It is, in fact, a common sense. It is quite illogical to open an account from an illegitimate or dubious provider, which traders know that will only cause them some headaches.
Of course, legitimacy is not something that the account providers can prove though words. Legitimacy is from having a solid reputation and history.
Range of markets
On the other hand, another aspect that traders should ponder on when choosing the right spread betting account is the range of markets that they can play. This is because when a trader opens an account, it comes with a price. Hence, traders will be paying for the services that they can enjoy through the account. In this light, the account should be able to compensate for the cost through having a full range of markets to offer.
Costs of trading
Opening an account comes with a price. It is not free at all. Well, traders can open a trial account, but it has limited functionality and features. If traders are serious about this endeavor, then they do not have a choice, but to spend some money in opening an account. Of course, the cost of opening an account should never exceed the benefits and rewards that the traders are expecting from using it. Otherwise, there is no incentive at all for traders to spend for it.
Platforms and functionality
Fourthly, a reputable and reliable spread betting account offers an excellent platform that is functional. It should not be too complicated, to the point that the traders can no longer use it. Aside from that, traders should also choose the one that has the functions that they want to look.
Support and customer relations
Fifthly, but not the least, traders should also look into the customer relations and support of the spread betting account that they are going to open. This is for them to get the assistance that they want.
Visit IndependentInvestor.co.uk to learn more about spread betting and different accounts.
Article Source: http://EzineArticles.com/?expert=Jeremy_Black
http://EzineArticles.com/?Choosing-a-Reliable-Spread-Betting-Account&id=7327059
Hi, Welcome to FXKnight. I am here to share some great information for anyone want to participate in the FX market.
Wednesday, 31 October 2012
Tuesday, 30 October 2012
Getting Into the Day Trading Game
By Norman Rimluck
When choosing a path of a Trader, there will be different strategies one can focus on that will produce the best results. The main common schools of thought when deciding a path is should I be a Trader or Investor? Obviously there are different strategies that use different types of strategies and it's best to find one that is best suited towards your personality style.
We know someone choosing trading over being an investor definitely has a different time frame; this time frame is usually known as being much smaller then what a traditional investor looks at when making an investment. When a trader purchases an investment, his purchase is usually referred to as placing a trade as opposed to making an investment. The minor change as we know is such a small change in vocabulary that it's hardly worse even paying attention to, but the returns and how you go about placing a trade are huge. A trader is left with asking what's better. What works? What makes the most profit? Would I be better off with going with a more long-term approach? Isn't this considered day trading, I've heard nothing but negative things about losing all your saving from day trading.
Let us compare the two methods of trading over investing and hopefully we can offer some advice and suggestion to help you choose a strategy that's best suited for you.
There is a distinct difference between someone choosing to go into trading over someone who looks to investing as a better way to approach the market and making money. After all, isn't that we're all after? We want the financial freedom to do what we want when we want, while having the choice of where we choose to live while we go on these adventures of ours? OK, Sorry, I guess that was a tangent... Back to the topic at hand; the main difference over the two is the time frame and methodology used. Investing requires a much longer time frame than trading, anywhere from days, to weeks, even months to years. It's not been unheard of for people to hold their investments as even for an entire span of their life while passing it on into the wills. Trading on the other hand is more a purchase you make that day with the intention of holding onto it no longer until the end of the day. At the very max, a trader might hold it a few days and this is only if he fell that it's extremely profitable.
Even though the time frame is different, the general strategy of choosing the right thing to put your money into remains the same. It's pretty obvious you usually you want to select a good company that will not go bankrupt the next day you purchase it. You will also want to analyze the fundamentals of the companies, make sure it is in good financial health and has a competitive advantage relative to other companies in the industry. While they both may make money over time, a trader can make a lot more money in the long run, because he is taking advantage of the ups and downs, if he is doing it correctly, where the investor is in it for the long term, and rarely gets in and out of the market. Traders use a slight different analysis when choosing their investments that investors usually don't pay too much attention to. Their main tool is referred to as technical analysis. If you've ever been to a arcade and all the kids seem to line up to get their chance to play the big, shinny, noisy game, well a traders arsenal of technical analysis can closely compare.
On the other hand, an investor is one who buys and holds for the long term. People such as Warren Buffett and Peter Lynch are investors. Their stock selection is based more on the company's financial condition rather than the price momentum used by the traders. Investors focus on analyzing companies' balance sheets, income statements, and cash flow to determine if a company is worth investing in. Their main analysis is referred to as fundamental analysis.
Is all this too much to take in? We hope not. We wanted you to just get your toes wet with all the concepts someone going into trading has to be prepared for. In our next article, we'll go into a deeper look of what really separates technical analysis over fundamentals.
Learn more about the various aspects of the market at http://finance.yahoo.com/ and at https://www.fidelity.com/
Norman Rimluck has been an active trader in the markets for over 30 years and holds a MBA in Mechanical Engineering. He worked for over 20 years as an Engineer. He started looking into trading the Market with the use of [http://priceactiondaytrader.com/]Price Action after a good friend of his invited him out and gave him his first trading book. The book 'Trade the Markets,' which made him quit his job 2 years later and never look back. He just started his own website where he discusses various aspects of the market. You can read more by visiting http://priceactiondaytrader.com
Article Source: http://EzineArticles.com/?expert=Norman_Rimluck
http://EzineArticles.com/?Getting-Into-the-Day-Trading-Game&id=7306801
When choosing a path of a Trader, there will be different strategies one can focus on that will produce the best results. The main common schools of thought when deciding a path is should I be a Trader or Investor? Obviously there are different strategies that use different types of strategies and it's best to find one that is best suited towards your personality style.
We know someone choosing trading over being an investor definitely has a different time frame; this time frame is usually known as being much smaller then what a traditional investor looks at when making an investment. When a trader purchases an investment, his purchase is usually referred to as placing a trade as opposed to making an investment. The minor change as we know is such a small change in vocabulary that it's hardly worse even paying attention to, but the returns and how you go about placing a trade are huge. A trader is left with asking what's better. What works? What makes the most profit? Would I be better off with going with a more long-term approach? Isn't this considered day trading, I've heard nothing but negative things about losing all your saving from day trading.
Let us compare the two methods of trading over investing and hopefully we can offer some advice and suggestion to help you choose a strategy that's best suited for you.
There is a distinct difference between someone choosing to go into trading over someone who looks to investing as a better way to approach the market and making money. After all, isn't that we're all after? We want the financial freedom to do what we want when we want, while having the choice of where we choose to live while we go on these adventures of ours? OK, Sorry, I guess that was a tangent... Back to the topic at hand; the main difference over the two is the time frame and methodology used. Investing requires a much longer time frame than trading, anywhere from days, to weeks, even months to years. It's not been unheard of for people to hold their investments as even for an entire span of their life while passing it on into the wills. Trading on the other hand is more a purchase you make that day with the intention of holding onto it no longer until the end of the day. At the very max, a trader might hold it a few days and this is only if he fell that it's extremely profitable.
Even though the time frame is different, the general strategy of choosing the right thing to put your money into remains the same. It's pretty obvious you usually you want to select a good company that will not go bankrupt the next day you purchase it. You will also want to analyze the fundamentals of the companies, make sure it is in good financial health and has a competitive advantage relative to other companies in the industry. While they both may make money over time, a trader can make a lot more money in the long run, because he is taking advantage of the ups and downs, if he is doing it correctly, where the investor is in it for the long term, and rarely gets in and out of the market. Traders use a slight different analysis when choosing their investments that investors usually don't pay too much attention to. Their main tool is referred to as technical analysis. If you've ever been to a arcade and all the kids seem to line up to get their chance to play the big, shinny, noisy game, well a traders arsenal of technical analysis can closely compare.
On the other hand, an investor is one who buys and holds for the long term. People such as Warren Buffett and Peter Lynch are investors. Their stock selection is based more on the company's financial condition rather than the price momentum used by the traders. Investors focus on analyzing companies' balance sheets, income statements, and cash flow to determine if a company is worth investing in. Their main analysis is referred to as fundamental analysis.
Is all this too much to take in? We hope not. We wanted you to just get your toes wet with all the concepts someone going into trading has to be prepared for. In our next article, we'll go into a deeper look of what really separates technical analysis over fundamentals.
Learn more about the various aspects of the market at http://finance.yahoo.com/ and at https://www.fidelity.com/
Norman Rimluck has been an active trader in the markets for over 30 years and holds a MBA in Mechanical Engineering. He worked for over 20 years as an Engineer. He started looking into trading the Market with the use of [http://priceactiondaytrader.com/]Price Action after a good friend of his invited him out and gave him his first trading book. The book 'Trade the Markets,' which made him quit his job 2 years later and never look back. He just started his own website where he discusses various aspects of the market. You can read more by visiting http://priceactiondaytrader.com
Article Source: http://EzineArticles.com/?expert=Norman_Rimluck
http://EzineArticles.com/?Getting-Into-the-Day-Trading-Game&id=7306801
Monday, 29 October 2012
How to Be a Successful Trader in Spread Betting
By Bryan Rollins
Visit IndependentInvestor.co.uk to learn more about spread betting and how to be successful.
Article Source: http://EzineArticles.com/?expert=Bryan_Rollins
http://EzineArticles.com/?How-to-Be-a-Successful-Trader-in-Spread-Betting&id=7329369
There are so many things that traders can do in order to be successful in the world of financial spread betting. However, most of the tips and strategies out there are time-specific. In other words, they might be applicable to a certain instance, while they might also be inappropriate to use on a different case. It is in this light that this article will not talk about these at all. Instead, what this article will discuss are the general things that any trader can employ when trading. These are specifically on four (4) key things, which are about getting the best broker, doing what traders know, as well as having a plan or discipline and even knowing the right timing.
Get the best broker!
The first and foremost thing that any trader should do in order to be successful in this field of the financial spread betting is none other than, to look for the best broker. However, there is a dilemma in achieving this. If traders will look for the best one, then it will be extremely costly. Hence, they need to be ready for its price. After all, it is the best option available.
Nevertheless, it does not mean that traders needs to get the most expensive in order to have the best. As a matter of fact, there are some affordable options that have comparable services with those expensive ones. This means that traders can find accounts that will not compromise their finances. This can be in accordance to the features, functionality, platforms and many more.
Know what you do, do what you know!
Secondly, on the other hand, another rule to be successful in spread betting is for traders to know what they are doing and then do what they know. It is like being aware of what they are currently doing. This requires the presence of mind during the trading day. In other words, they must not lose their focus along the way. Aside from that, it is also about playing on the fields that they only know. It is alright to venture into something new once in a while. However, abruptly entering into something that traders are not familiar with is not advisable at all.
Have a plan and strict discipline!
Thirdly, traders should always have a plan before entering the world of financial spread betting. Aside from being the guide along the trading day, it also inculcates discipline to the traders. This is because whenever there is a plan, it reminds the trader to stick to it and never deviate. This is in order to finish the day with the result that they are expecting.
Enter or exit at the right time!
Fourthly, but not the least, some traders fail in spread betting because they were not able to know the right timing to enter or exit. Knowing this is, in fact, a key element in order to be successful here.
Visit IndependentInvestor.co.uk to learn more about spread betting and how to be successful.
Article Source: http://EzineArticles.com/?expert=Bryan_Rollins
http://EzineArticles.com/?How-to-Be-a-Successful-Trader-in-Spread-Betting&id=7329369