Michael Parness
October 22, 2008 by Ron · Leave a Comment
Michael Parness runs Trend Fund which is known as "The Premier Online Community For Serious Traders".
Unlike many who offer training products today Michael does not claim to be a trading guru. He doesn’t have to claim to be a trading guru because he walks the talk. What I’m saying is this man is actually made money in the market and not just some money, but real money as in boatloads of cash.
Michael Parness is a true life rags to riches story. Now worth millions, Michael was once actually homeless.
Michael’s business, Trend Fund, is designed to help traders at all levels, from those who are struggling to those who are already successful and want to become even more successful.
In his analysis he looks at historical trends and searches for those that can lead to explosive long and short-term profits.
When I say that Michael walks the talk he turned a $33,000 account into an account worth over $7 million in a little over two years. That’s impressive by anyone’s standards.
Click here to visit Michael’s site
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Stock Trading Systems
October 7, 2008 by Ron · Leave a Comment
One of the best ways to improve your stock trading results is to use stock trading systems. stock trading systems are simply sets of rules designed to help you trade the stock market profitably.
Systems designed to trade stocks can be either very simple or very complex, but the most important thing is that the trading system be profitable.
Many of the stock trading systems in use today are designed using technical analysis. Technical analysis basically takes a historical stock data and analyzes it hoping to find repeatable price patterns and tendencies which will allow the trader to more accurately predict future stock price movements.
A stock trading system has a number of distinct advantages for the trader. One advantage is is a trading system may be tested in the test analyze to see how it would have performed on past data. The trading system also eliminates guesswork and thusly helps to control emotions in any uncertainty within the trade.
As much as trading system helps to control the trader’s emotions it is very common for inexperienced traders to second-guess their trading system. I, too, have fallen victim to this when I was a beginning trader and is a costly trap to fall into.
When you have a trading system that you can rely on you have to understand that you must take action on every trading signal in order for your real-time results to more accurately mirror the results of your analysis.
Those who are successful in stock trading already have a thoroughly researched stock trading system and methodically take action on the trading signals it generates. As in any other business that key to long-term success is having and exercising the discipline to follow a well-thought-out plan.
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Stock Market For Beginners
October 7, 2008 by Ron · Leave a Comment
The stock market for beginners may seem very overwhelming at first. Many beginners have said that they have suffered from information overload and that is completely understandable.
While knowing everything there is to know about the stock market is impossible learning stock market basics can go a long way towards helping you build profits and long-term wealth.
The first step you must take to understanding the stock market is to start learning about the stock market. You will find that learning how to do your own stock market research will prove beneficial to helping you become profitable and stay profitable.
When it comes to stock market research and stock market education there are basically two schools of thought. There is stock research based upon fundamental analysis as well as technical analysis.
Fundamental analysis includes such factors as analyzing the financial health and financial statements of the company as well as its management team, position within the marketplace, growth potential of it’s market in general, etc.
Technical analysis uses time, price, volume, etc. to analyze a stock’s past data in hopes of predicting future movements. This type of analysis has become increasingly popular as the availability of stock data, the speed of personal computers, and access to the Internet have all increased.
We will be providing you with some great stock market education material as well as cutting-edge stock market research. We will also keep you informed as we review the latest stock trading software and stock trading systems.
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Stock Trading Software
Stock trading software can help you be more organized and be a better, more profitable stock trader.
Stock trading software comes in a number of categories.
Stock Trading Platforms
A stock trading platform is a software that you use for Stock trading online with your online broker. Your broker supplies the software and often times it is complete with a host of other capabilities such as stock charts, stock quotes, and in some cases stock market news.
Stock Market Trading Analysis Software
Software specifically designed for those who wish to perform their own analysis of the market. This can range from a basic Stock charts package, to a stock screening package, to a full-blown stock trading technical analysis package.
Stock Trading System Software
The most common packages that fall into this category are the types that has already been predesigned to generate stock trading signals for you. Stock trading system software may be either leased or purchased from the vendors who have already done the research into creating a profitable stock trading system which generates signals. The trader then takes action and places trades based upon the signals.
Here are several examples of this type of software:
Stock trading system software comes in several varieties. Some may be actually in the form of a simple spreadsheet in which you, the user, input certain values and have the spreadsheet calculate a signal in the form of a price level at which to enter and exit a trade. More sophisticated and typically more expensive software may actually interface with real time stock price data and generate the necessary signals without any user intervention.
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