Free Trading Seminars is a traders resource to learn how to potentially make big profits trading forex, commodities, stock indices & futures
"FreeTradingSeminars" is on a mission to teach commodity futures and stock market traders how to trade the financial markets for profits. We estimate you can ignore at least half of all the trading techniques you learned about in the past, such as Relative strength indexes, oscillators, divergence, elliott waves, time cycles, timing, seasonal trends, astrology, pitch-forks, open interest, volume, stochastics, over-bought and over-sold type of technical analysis.
Examples of how overbought and oversold indicators can fail are charts of Gold futures or Crude Oil over a past several year time period, which looked seriously overbought and topping-out at times but kept on going up anyway. There is no requirement you must use or pay attention to most technical indicators. The technical analysis list of technical indicators is very lengthy. All you need to do is return to basics.
A free trading seminar can teach you some relatively simple chart patterns such as swing-highs and swing-lows, plus a trend-index, support-resistance levels (and more complicated methods like Gann angles, etc and squaring of price and time). Try combining them with trading techniques that can actually work, such as divergence indicators and in-sync harmonic data files, which are in good harmony with the market you are trading.
Trader Tips for Online Trading Success
What You Need to Know About Trading Stocks in Fast-Moving Markets
The price of some stocks, especially recent "hot" IPOs and high tech stocks, can easily soar and drop suddenly. In these fast markets when many investors want to trade at the same time and prices change quickly, delays can develop across the board. Trade executions and confirmations may become slow, while reports of prices lag behind actual prices. In these fast markets, investors can suffer unexpected losses and real quickly.
Investors trading online over the web are used to instant access to their trading accounts and near instantaneous executions of stock trades, consequently, online trading traders need to fully understand how they can protect themselves in fast-moving markets.
For those of you who actively trade (or desire to learn how to trade) the financial and futures markets, there are a lot of other things outside the markets you should be following. But my larger message is for those of you that aren’t in the financial markets, whether you trade them or not, the futures markets have a significant impact on what happens in the other financial markets, including forex, currencies, options and stocks. That’s why you should soak up every piece of good trading knowledge like a sponge in a quest to clearly see the bigger picture.
You can limit your losses in fast-moving markets if you:
- know what you are buying and the risk of your trade; and
- know how trading changes during fast markets and take additional steps to guard against problems investors face in the market.
Online Trading is Fact and Easy but Takes Time to Master
With a click of mouse, you can buy and sell various markets via more than 100 online brokers offering low cost trade executions. Although online trading saves investors time and money, it does not necessarily take the 'homework' out of making trade decisions. You can easily make a trade in nanoseconds, with even one second trades being doable but making smart trades takes knowledge and trade research time. Before you trade, know exactly why you are buying or selling, and the risk of your trade.
Set your Price Limits on Fast-Moving Stocks:
Market Orders vs Limit Orders, Pros and Cons
To avoid buying or selling the market at a price higher or lower than was desired, you need to place a limit order rather than an at-the-market order. A limit order is an order to buy or sell a security at a specific price. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. When you place a market order, you can't control the price at which your order will be filled.
For example, if you want to buy a fast moving commodity, or the stock of a "hot" IPO (initially offered at say $10 but don't want to end up paying more than say $20 for a stock, you can place a limit-order to buy the stock at any price up to $20. By entering a stop limit order rather than a market order, you will not be caught buying the stock at say $90 and then suffering immediate losses as the stock drops later in the same day or the days ahead.
Remember that your limit order may never be executed because the market price may quickly surpass your limit before your order can be filled. But by using a limit order you also protect yourself from buying the stock at too high a price.
Online Trading is not Always Instantaneous
Investors may find that technological "choke points" can slow or prevent their orders from reaching an online firm. For example, problems can occur where:
- the traders high-speed connection, computer, or ISP is slow or faulty;
- a broker-dealer has inadequate hardware or its Internet Service Provider is delayed; or
- traffic on the Internet is heavy, slowing down overall usage.
A capacity problem or high-speed bandwidth limits at any choke points can cause a trade delay or failure in an investor's attempt to access an online firm's automated trading system.
Know your options for placing a trade if
you're unable to access your trading account online
Most online trading firms offer alternatives for placing trades. These options may include cell phone trades, faxing your order, or doing it the low-tech way which is talking to a broker over the phone. Make sure you know whether using these different options may increase your costs. And remember, if you experience delays getting online, you may experience similar delays when you turn to one of these alternatives.
If You Place An Order, Don't Assume It Didn't Go Thru
Some investors have mistakenly assumed that their orders have not been executed and place another order. They end up either owning twice as much stock as they could afford or wanted, or with sell orders, selling stock they do not own. Talk with your firm about how you should handle a situation where you are unsure if your original order was executed.
If You Cancel an Order, Make Sure The Cancellation
Really Worked Before Placing Another Trade
When you cancel an online trade, it is important to make sure your original transaction was not executed. Although you may receive an electronic receipt for the cancellation, don't assume that that means the trade was in-fact canceled. Orders can only be canceled if they have not been executed. Ask your discount stock broker about how you may verify a trade cancellation order really worked.
If You Purchase In A Cash Account,
You Must Pay For It Before You Can Sell It
In a cash account, you must pay for the purchase of stocks before you sell. If you buy and sell a stock before paying for it, you are free riding, which violates the credit extension provisions of the Federal Reserve Board. If you free ride, your broker must "freeze" your account for 90 days. You can still trade during the freeze, but you must fully pay for any purchase on the date you trade while the freeze is in effect.
You can avoid the freeze if you fully pay for the stock within five days from date of the purchase with funds that do not come from the sale of the stock. You can always ask your broker for an extension or waiver, but you may not get it.
If You Trade On Margin, Your Broker Can Sell
your Securities without Giving You A Call
Now is the time to reread your margin agreement and pay attention to the fine print. If your account has fallen below the firm's maintenance margin requirement, your broker has the legal right to sell your securities at any time without consulting you first. Sometimes traders are surprised that "margin calls" are a courtesy, not necessarily a brokerage or exchange requirement. Brokers are not mandated to make margin calls to their trader clients.
Even when your broker offers you time to put more cash or securities into your account to meet a margin call, the broker can act without waiting for you to meet the call. In a rapidly declining market your broker can sell your entire margin account at a substantial loss to you, because you did not use any trading account.
No Regulations Require a Trade To Be Executed Within A Certain Time
There are no Securities and Exchange Commission regulations that require a trade to be executed within a set period of time. But if firms advertise their speed of execution, they must not exaggerate or fail to tell investors about the possibility of significant delays.
What To Do Assuming You Have a Valid Complaint
Act promptly. By law, you only have a limited time to take legal action. Follow these steps to solve the problem:
1. Talk to your broker and ask for a full explanation. Take notes of the answers you receive.
2. If you are dissatisfied with the response and believe you have been treated unfairly, ask to talk with the broker's branch manager. In the case of an online firm, go directly to step number three.
3. If your are still unhappy, write to the compliance department at the brokers main office. Explain your problem clearly, and tell the firm how you want it resolved. Ask the compliance office to respond to you in writing within 3 weeks or sooner.
4. If you're still dissatisfied, then send a letter of complaint to the NASD, your state securities dept or Office of Investor Education at the U.S. SEC along with copies of all correspondence regarding the issue with your online brokerage firm.
Websites of Interest
» Gann and Elliott Wave Trading
» Traders Organization and futures trading website
» Bookmark Webtrading - we are continuously adding new trading products and trader services for your benefit and also upgrades to existing trader and investing information
» There's a potential traders golden pot-of-treasures for you trading and day-trading commodity futures, options, commodities and stock markets. Read all about the trading information and services we offer financial market traders so you may get on the Long and Narrow Road to Profitable Trading!
