Online Stock Trading Tips

E mini S&P 500 is one of the hottest futures contract to trade with. This is a short tutorial on how to get started:

Tip 1: The most important is how you will be able to interpret the charts data and how it translates to making money.

Visit this website: http://finance.yahoo.com/q/hp?s=^GSPC
It shows the daily stock indexes data of the S&P 500; an example of a trading situation would be:

On November 6, 2009, the closing price is 1069.30, assuming you enter trade on this price using your favourite trading software and go long (buy at low price and hoping the price will go up, then sell it to make profit).

Finally, it seems that the price did go up and finally on December 7, 2009 you sell it , and the price is trading at 1103.25.

Futures contract is traded in indexes(points) rather than the actual price in dollars as you will see in stocks. Therefore the profit in points will be:

Profit in points = 1103.25 – 1069.30 = 33.95 (more…)

I lived in a poor country, By 2009 still Philippines is one of the Asia’s poorest nations with completely poor governance and economy. I believe that living in frugal ways can save you a lot of cash not only in poor nations but for those developed nations as well.

Below are realistic advice I learned as I journey in life to have a frugal living (it may not work for everyone as we all know living frugally needs some heart, strength and dedication):

a. Eat only once a day:

Discipline and persistence is the key. When I know in 2004 that cost for food is expensive, I trained myself to eat once a day. But I eat very heavily on a single meal. I compute that it saves me a lot of cash. For example, on the average I spend $1 dollar ( 46 pesos) a meal, multiply by 3 you will have 3 dollars a day meal. Eating a single heavy meal like $1.5 dollars saves your half. Not only this saves money but prevents you from being overweight. (more…)