Day trading Lessons, Tips and Tricks from Alertel Buy Sell Signal systems for FOREX and Indian Markets
Quality or Quantity
Yes dreams are big but to make it come true you need to take the road of practicality. Dreams make us live and look forward. All the achievers on this planet had worked hard and worked practically to make their dreams shape up into reality.
Same applies to your trading
Introduction: Why Day Trading?
If you’re thinking about getting into day trading, then you’ve probably got a pretty strong motivation. More often than not, that motivation is money. You want to be rich. No, wait. Let me be a little more specific: you want to be wealthy.
I Just to make sure that we’re on the same page let me touch on the key difference between being “rich” and being “wealthy:”
- “Being rich” means that you have a lot of money.
- “Being wealthy” means that you actually have time to enjoy your money, time to do what you want to do when you want to do it. So, is day trading really the ultimate solution to becoming wealthy? Let’s see.
Here’s one way to become rich:
You work your way up to the position of an executive in a corporation and make hundreds of thousands of dollars a year. Of course, you’ll be working at least 10 hours per day and at least 6 days per week.
Here are three ways to become wealthy:
- Starting Your Own Company or Internet Business
- Investing in Real Estate
- Day Trading Option
Starting Your Own Company or Internet Business Having your own company means that you’ll have to find or create a product, market the product, sell the product, deliver the product to your customers, and collect the payments. These days, there are many “Internet Marketing Gurus” trying to sell you on the idea that you can automate everything, which will allow you to sleep late, do nothing, and cash very fat checks on a regular basis. We both know that this is a dream, nothing more. You can automate the routine, sure, but not the exceptions.
And believe me: there are always exceptions when dealing with people – your customers. Plus, as long as you have computers involved, you need to keep Murphy’s Law in mind: “Whatever can go wrong, WILL go wrong.” Nothing could be truer! Even if you could automate most of the delivery, you still have to find or create a product, set up a website, write sales copy, put the automation in place, and generate traffic. And since the Internet is evolving so quickly, you will constantly have to update your website and traffic generation methods.
Okay, so what if you skipped the Internet part? If you have a “physical” business, the headache might be even bigger: employees, vendors, law – years, competitors, invoices, customers, production problems, office space, equipment, etc. I’ve known a number of small business owners who have simply given up and gotten a regular 9-5 job. Sometimes the reward just isn’t worth the stressful lifestyle.
Investing in Real Estate our second option on the road to wealth is investing in real estate. But with the market slowing down and the current credit crunch, it’s not that easy anymore.
Most lenders these days require a down payment of 10- 20% for investment properties, so you also need substantial capital to even get into the business. Another problem is the cost of a transaction. Whenever you buy or sell a house, you will most likely have to pay a Realtor’s commission and face closing costs.
Because of these factors, it’s not easy to quickly buy and sell houses. A transaction can last several days or several weeks. And on top of that, you always have the possibility of problems with renters (if you are renting out), or with contractors (if you are “fixin’ and flippin’”) or with legal issues if you use those “creative techniques” that some of the late night infomercials are promoting.
It basically boils down to one big pain in the neck! You need an appraisal, too, and you might have to argue with the appraiser about the value of the house; you need a home inspection and might be surprised when you learn of all the things that need to be fixed before you can sell; and, last but not least, your buyer might have to obtain a mortgage.
As you know, the mortgage industry has really become “interesting” in 2007 (to say the least), and buyers that were pre-approved and pre-qualified might learn the day before closing that they won’t receive the promised loan. And all of these problems are just the tip of the iceberg. When it comes to hassle and problems, real estate in – vesting is a flip of the coin, at best. So, what’s left?
Day Trading In my opinion, it’s the perfect way to become wealthy. Here are ten reasons why:
- It’s the total “equal opportunity” job your race doesn’t matter. Your skin color doesn’t matter. Your education doesn’t matter, whether you’re a Ph.D. or a college drop-out. Your sex doesn’t matter. Your origin doesn’t matter. Your age doesn’t matter. Your background and history don’t matter. Even if you’ve been in jail for years, you could still make money with trading. Your language doesn’t matter. Your looks don’t matter. And your social status doesn’t matter, as long as you have sufficient funds to trade.
- No employees to hire -You don’t have to hire any employees, which means you don’t have to worry about job interviews, payroll, and employee evaluations, holidays, sick days, or employee performance. Your only “team member” is your broker, and if he doesn’t perform, there are 10 others waiting in line for your business.
- No inventory, office space, or other equipment (besides your phone and your computer) You don’t have to buy or rent expensive office space, and you don’t have to stock any products, which means you don’t have to worry about expiration dates, damaged goods, shipping, handling, insurance, or displays and promotions of goods.
- No vendors, no customers, no invoices, and no accounts receivable you won’t have to deal with any face-to-face contact. You don’t need any vendors, you don’t need to satisfy any customers, you don’t need to provide any customer support, and you don’t need to worry about any invoices, bounced checks, fraudulent credit card charges, returns, or charge-backs.
- The time required is minimal whether you have a regular job or run your own business, the chances are that you’re working at least 40 hours per week. With day trading, you can trade either part-time or full-time. You can start trading for as little as one hour per week, or you can go for the maximum of 2 hours per day. It’s your choice.
- Low capital requirement you don’t need a lot of money to get started. This is not like buying property, for example, where you’re on the hook for a monthly mortgage and other cash-draining expenses. In trading, you can start with as little as $1,000! (We’ll talk about how a little later.)
- Returns are almost instantaneous I’m talking “fast cash” in the sense that trading allows for quick liquidation. You can convert trades for cash within seconds. Where else in the world can you make money this fast and comfortably? You can buy and sell and buy again in minutes. You don’t have to wait to see your profits. Try this with real estate or physical goods, where you might have to wait weeks, or even months.
- Low transaction cost you pay less than $10 per transaction in trading. Compare that to real estate transactions, in which you have to pay several thousand dollars in closing costs, not to mention a 3-6% commission to your realtor.
- It’s simple to learn how to make money with day trading you don’t have to go to college for years. And unlike most other professions, years of experience are not necessary either. After teaching hundreds of people how to make money with day trading, I firmly believe that everybody can learn how to become a successful trader.
- You don’t need much to get started In fact; there are only six things that you DO need:
- A computer
- An Internet connection
- A charting software
- A broker
- A properly funded trading account
- A good trading strategy
I could go on and on, but I think you get the picture. Throughout this book, we’re going to cover a lot of material that will help you get started with trading successfully. Here are a few of the essentials:
- What exactly is day trading
- Who should be day trading
- Is it really possible to make a living as a day trader
- What you need to get started
- How much money you’ll need to begin trading
- What markets are out there and which ones you should trade
- How to develop a profitable day trading strategy
- How to ensure that your day trading strategy actually works In short: you will learn everything you need to know to start making money with day trading. Ready?
To be continued —- Chapter 2
The best buy sell signal software for daytrading
Lots of buying and selling or daytrading Software that is available on the market is the same software that men and women had been utilizing for 10 years. What surprises most men and women is that the majority reputable day traders don’t use day trading software and even automated day trading software. Fibonacci program may be very heavily advertised as distinctive and propriety when that you could virtually use free Fibonacci extensions and retracements that are offered by most day trading systems.
What’s foremost to realize is that the market is dynamic, it changes always.
After I first began buying and selling or daytrading I Instantly started searching for daytrading software. 10 years later, I’m journeying all over the world and instructing individuals the best way to day alternate on account that what’s fundamental is to learn how the market works and learn the way it moves the way it does. That thought is the high idea that I train in my coaching software.
As a day trader that has been in the enterprise for ten years I need to help you recognize that lots of the automated day trading software that you in finding in the marketplace today you’ll discover on the internet without cost. This goes for all of the fancy day trading indications as good. Don’t bother spending 1000s of bucks on indicators that don’t work. Alternatively, focus on discovering a confirmed method and any person that knows what they’re doing in the market.
Most day buying and selling software comes with a knowledge feed alternative and the major factor to realize about information feeds is whether they’re unbounded or bundled. Have an understanding of that after data is being delivered you doesn’t want it to be dispatched to your platform in a packaged structure. That’s like pronouncing you eat five or six rolls of sushi all of sudden rather of one by one. We need to have the data unbounded to ensure that we are seeing every element.
Alertel V series Platinum works well with real time data for the following segments.
- FOREX (International)
- MCX SX (INR against International currencies)
- MCX SX
- NSE F&O
- NSE Cash
Real time data feed for MCX Commodity, NSE and FOREX
We furnish real-time data for mt4 in unique segments; we are the leading mt4 data supplier for MCX, NSE, NIFTY, FOREX and Commodities. Our data are most safe considering we get live data from the world’s best servers used by the banks. We charge affordable fees for mt4 data. Mt4 will help the traders to add many templates, so as to support to grasp the development of the market of specific conditions.
- How to trade MCX and NSE
- 100% accurate if you follow this system
Features of Alertel Commodity Buy sell signal software
- 36 Awesome features of Alertel Buy Sell Signal Software
Language support – Our Able customer support can support you in the following languages
Free Re-Installation, free future updates and USB installation of commodity buy sell signal software
Time to time you may have to format or install the software into a new computer and may be you want to trade in office. We will re-install the software free of cost and we can install MT4 with Alertel commodity buy sell software into your USB where you can connect at your home as well as office.
Have a look at our reports
Abstractct report :http://www.alertelsystems.in/reports/
Detailed report : http://www.alertelsystems.in/reports/detailed.html
Alertel buy sell signal software for online MCX commodity trading offers Live Charts with Auto Buy Sell Signals and technical analysis software for daytrading in FOREX, MCX and NSE, Text and Voice Alerts for Intraday stock Trading in MCX Commodity, Nifty Stocks, Nifty & Bank Nifty Future, NSE Stock Futures, Nifty Put Call Options, NSE Currency Forex and NSE 100 Stocks for Positional Trading with Charts & Alerts.
Secret of finding best stocks
Do not be brainwashed
Getting rich in stock market
Investing in Gold
Be it intraday daytrading trade or position trade Alertel buy sell signal software provides accurate buy sell signals for both forex and Indian stock market like MCX , MCX SX , NSE and nifty stocks, making it the best buy sell daytrading signal software in Indian and the world.
Experience it for free.
Some good reads
- The one thing new traders need for daytrading
- An open letter from Conrad Dagobert – CEO of Alertel Systems
- How to make money quick
- Total Freedom for you
- The Best scalping software in the world
- How can a student invest in stock market
- Choose your trading style
- How to Invest and trade in stock market using Alertel V series Platinum Buy Sell Signal Software
- Advantages of Metatrader 4 (MT4) and Alertel buy sell signal software for MCX, NSE and FOREX
- Online currency trading (Forex) – Advantages and How to make profits
- How to trade MCX and NSE
- The K.I.S trading style from the world’s best daytrading buy sell signal and support system
- Why is Alertel the World’s best automatic buy sell signal software
- Why do most traders fail in trading?
- Trader’s health tips from the best buy sell signal software and support system
- 10 Reasons why you should start trading
- An open letter to you from Alertel daytrading support buy sell signal ssytems
- 36 Awesome features of Alertel Buy Sell Signal Software
- Three rules to follow to be rich if you are using Alertel buy sell signal software
- Top 5 cool things you can so with Alertel buy sell signal system for FOREX, MCX and NSE
- How to make money in stock market by daytrading
- How to make 50% of your investment as profit in just 30 days of daytrading
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