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Trading for a living

Trading for a livingDay trading is at times referred to as active trading. This is basically the practice of buying and selling financial instruments within the same trading day such that all positions are usually closed before the market close for the trading day. Traders that participate in day trading are called active traders or day traders.

Remember not to take this similarly as making an investment. Price variations in a day not only occurs in good stocks. Good experienced traders can make huge profits by trading in a down market. If you are trading for a living, it's all about picking the right ones, to open the buy or sell position on that, at the right times.

Some of the more commonly day-traded financial instruments are stocks, stock options, currencies, and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures.



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Day trading used to be the preserve of financial firms and professional investors and speculators. Many day traders are bank or investment firm employees working as specialists in equity investment and fund management. However, with the advent of electronic trading and margin trading, day trading has become increasingly popular among casual, at home traders.

While there are many books out there that say they can teach you how to trade, there is no substitute for experience. The problem is, its a very expensive way to learn. The key is in keeping a stop loss, regardless of the methodology you decide to follow. Successful day traders, swing traders and even value investors use a stop loss to help minimize the amount of downside risk they are exposed to. A stop loss is a set price at which you will automatically exit your position. Its up to the investor to decide if its at a specific percentage of the trade value, a percentage off the share price, or a certain level that is deemed to be support / resistance. Other options for the beginner trader is to use online services that will teach you how to trade in a simulated market environment. This allows you to gauge not only how good of a trader you are, but also how well you deal with risk.

  1. Buy day trading software. To day trade stocks, you need three kinds of software. Data software provides price feeds. Charting software charts prices and offers technical analysis indicators. Trade execution software allows a trader to execute trades.
  2. Open an account with a direct-access broker.
  3. Research a company before you buy its stock. You should review historical charts to learn about its past performance and look at its earnings report to find out if it is profitable.
  4. Join a stock pickers' group. Stock pickers are investors who pick stocks or mutual funds based on supposed mismatches between the current market prices and their hypothetical real values.
  5. Decide on a trading theory, such as Bollinger Bands. To make it simple, Bollinger Bands are average price levels above and below the current price. When the stock price crosses these levels, you should either buy or sell the stock.
  6. Keep abreast of business news. Daily factors can influence the movement of any stock you are considering trading. Company news, press releases and national news are all good sources of information.

The daytrader

Share prices charts

  1. Trading for a living
  2. Short term trading strategies
    Gaining knowledge is the first step to trading.
  3. Price action trading
  4. Range trade
  5. What is a swing trader?
  6. Follow the trend
    1. Trend following strategy
      Traders violate it surprisingly often!
  7. Initial public offering
  8. Options contract
  9. Advanced option trading strategies
  10. Futures market
  11. Exchange traded funds
  12. New fund offer
  13. Commodity trade finance
  14. Trade network
  15. How to be a successful trader?
    For those who do not know about day trading, ...
  1. How to read share price charts?
  2. Candlestick charting
  3. RSI chart


Make money with MySpace

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Do you have a MySpace Account? Enjoy hanging out on MySpace or Facebook? You can also earn money from this! Get Free Followers provides you nice and easy way to cash in on your MySpace Account.

MySpace and Facebook are both powerful marketing tools that aren't exploited at their full potential. Even they have hundreds of millions users, only a very small part of these users know they can earn thousands of dollars using MySpace or Facebook.

There are 2 ways you can make money with MySpace in Get Free Followers :

  1. Add MySpace Connections to your account.
    You add your account for others to connect it in Get Free Followers and increase the MySpace Connections. This will boost traffic to your pages that you hve posted on your MySpace stream. You only have to host some advertisement in your pages now, which will convert that MySpace traffic to a sizeable revenue.
  2. Earn Coins sending MySpace Connections request to other users!
    Even if you don't have others to connect you and see your stream, you can still make some bucks daily by just sending other MySpace users Connection requests - with the help of Get Free Followers tool.

    Very simple! When you connect other users' accounts in Get Free Followers, you get some coins. Then you can convert these coins to REAL money from the Coins to Cash section and withdraw that whenever you want - minimum amount required for withdraw is only $1!

Above 2 sections will take you through a detailed how-to article to explain how you can make money with MySpace. Sure, it's easy to get frustrated by the overblown bells and whistles that go along with a typical MySpace visit, but there are many reasons why it's still a useful tool for musicians looking for gigs, fans, and exposure.

  1. Fans are taken right to the music

    - Pretty much everyone looking for music on the web knows this, so MySpace is one of the first stops when looking for a particular song. It's a no-frills way to hear the latest single from a band.
  2. Standardized site for clubs/press to link to

    - Regardless of how fancy and flashy your official website might be, Myspace makes it relatively easy to access all your basics. Many clubs and press outlets still prefer to post links to MySpace over the band's official site.
  3. It's an actual web presence

    - Sure, Facebook is a bit cleaner and has more buzz in the social media world, but MySpace does not require users to sign up in order to access the content. This makes for a quick and easy web presence that anyone can check out.

FREE MySpace

 

Social sharing

  1. MySpace Music Like
    MySpace has a high value because of it's massive userbase, making it potentially rich source of advertising income. Given the audience is a young demographic it's a very lucrative market for advertisers.
  2. Make money with MySpace
  3. MySpace Music Play
    Let people know about your MySpace Music. Create a widget or a song, or a video or an image and attempt to 'infect' the MySpace community with it - using Get Free Followers.
  4. Reverbnation music
    Need comments / download / subscribers for your tracks in Reverbnation?
    1. Reverbnation Plays increaser
      Get on the Reverbnation Trending Now list with the help of Get Free Followers!
    2. How to get Reverbnation Fans?
      ReverbNation has over 2.62 million users in the music industry - artists, managers, labels, venues, festivals / events - with powerful technology to promote and prosper online.
 
  1. Get your URL posted to more than 18 networks for FREE - without much hassle.
    1. BizSugar
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    4. Design Float
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    7. Blog Engage
    8. How to earn money from Facebook Likes?
    9. Get FREE Facebook Shares
    10. How to make money on Google Plus?
    11. How to make money on LinkedIn?
    12. NewsMeBack
    13. Get paid to Pin on Pinterest
    14. Post on Reddit
    15. How to get traffic from Twitter?
    16. Stumbleupon marketing
    17. VK marketing
    18. XING
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