Online Stock Trading Tips

One of the most recommended things that a beginner trader will do before trading real money is joining stock market trading games (http://www.howthemarketworks.com/). Because this is just a game, people or starters in trading will take advantage of this.

The following are the serious mistakes of those people joining stock market trading games:

1. Thinking virtual money as fake money. – remember that the best attitude when you join any of these stock market trading games, is to think virtual money as “real money” you owned.

Allow yourself to be hurt when you lose and be celebrating if you win.

2. Joining stock market trading games without any game plan – again, if you join these types of market simulators without any game plan, you are doomed. It is because you need a concrete plan or a system before you consider yourself as “ready” in stock trading.

Your trading plan should accurate tell:
a.) When to enter your trade
b.) How to compute your stops
c) How to exit your trade or grab profits
d.) What type of stocks will you buy
e.) How do you manage the risk of your portfolio?
f.) What is your trading system expectancy? (more…)

You might be reading this page because of your need to trade E-mini. I assume you are a complete newbie with absolutely zero background in futures trading and contracts. If that is the case, you are certainly in the right page.

I was one of the person who luckily learned how E-mini trading works. It is very confusing and troublesome to learn especially if no one sits besides you to answer all your trading related questions IMMEDIATELY.

OK let me help you. First, you need to ensure if you are on the right frame of mind:

1.) Are you the type of person who is very willing to learn all by yourself?
2.) Are you really convinced you want to be a trader despite encountering a loss?

If all of your answers are a sure YES, then proceed: (more…)