Archive for March, 2009

Futures Trading And Other Ways Towards Financial Success

Thursday, March 19th, 2009

Why do have to fear poverty when you can create ways and means for yourself to emerge a winner despite the downwards path of the nation’s economy? There are ways like futures trading to help you succeed financially. All you have to do is learn more about the tricks and apply what you have learned along the way.

Do You Want to Learn More about the Futures?

Yes, there are many things that you can try to fight the tough financial conditions that you are faced with. But not everybody is lucky enough to succeed in every venture that they try to cope with the situation. That is the reason why many people easily give up. When life seems to be giving you all the reasons to quit, people may find it hard to hang on.

If you think that you have tried it all, think again. What do you know about the futures markets? Maybe this holds the key to your financial growth. It is okay to feel intimidated at first especially if you still are naïve with regards to such schemes. But do not be naïve for too long. It is time to make a change and move on. Here are the basic steps for you to be able to step forward into the field of the futures.

1. Educate yourself about the matter.

You start by researching online about everything you need to know about this kind of trading. You must not be hindered by the technical details that you may stumble upon as you go along in educating yourself. You need to understand such details because once you enter the trade, there is no backing down until you succeed with the project. You can also read books about it to broaden your horizon. You can also ask other people who have tried it for tips and advices. You must also ask them about the common problems that they encounter as they delve deep into this type of trade.

2. Plan for your steps towards commodities trading.

First, you need to have goals. These will guide you as to what you want to achieve. You must not stop until you have reached such objectives. You must play with you mind and think about every strategy that you will undergo in order to attain your goals. Do not get easily distracted by your emotions. This is not the right time to be affected by fear as well as greed. The idea here is that you have to stay focused and determined.

3. Choose the right broker.

Find someone who has a good reputation.

They will place the orders on your behalf. So it is important that you trust whomever you choose. There are Internet brokers who are known to offer lower commissions. You can also find full-service brokers that can perform whatever services you want from them with regards to the trade.

4. You have to find your way through the trends that happen in the trades.

For this purpose, one tool on commodity trading will help you. This charting system is useful for beginners as well as those who are already pioneers in the field. This tool is known as the Japanese Candlesticks.

After following such tips, you are on your way towards a brighter road to your path to futures trading. Do not let anything distract you at this point. You are almost there so hang on it and make everything work out fine and for the best.

Choose to make it an outstanding day,

- Todd

http://my-wealth-coach.com

Recession’s Effects on Your Business and How to Control Them

Tuesday, March 17th, 2009

The impact of recession can be very damaging not only to households but to businesses as well. Learn about these effects of recession and prevent your business from succumbing into its deadly claws.

1. Customer scarcity

When you have too few customers, consequently, your income suffers as well. The rising prices make customers too picky or less interested in giving you business. Existing customers may also be re-assessing their spending, which results in fewer orders for you. So what do you do? How about changing your customer acquisition techniques? Have you tried online marketing? This may not be suitable to all businesses but there’s no harm in considering it. Online marketing has many forms and doing your assignment will prove to be helpful in determining which technique will benefit most your business.

2. Ridiculously high credit card debt

Inflation is likely to happen during inflation, which means your expenses can be higher than normal. If you have been relying on your credit card for payments, you now need to monitor your spending really closely. This is because losing track of your expenses can surprise you one day when you no longer have enough funds to pay off all your debt. You do not want to have problem with your credit card because a bad rating will not be of great help when you are trying to obtain approval for loans.

3. Increase in cost of utilities

The rising price of food, electricity and gas can put a big dent to your business. This can be especially true if you run your business form a physical location. Increase in monthly bills means lower income. So how do you resolve this? There are so many ways to save money on utilities. One is to cut back on non-essentials. It the weather does not need for a full blast AC unit turned on, turn it off. If you can turn off the lights more often without making the business operations suffer, then do so. If you can use less expensive packaging methods or materials, please do take advantage of cheaper alternatives. Re-assess all the nooks of your business. Take a harder look to your books to get deductions. Lessen expenses in every way possible. Make the most out of technology. If you can automate parts of your business, do so. You can also hire contract workers such as virtual assistants to help you be more productive and to allow time for you to brainstorm on how to improve your business.

4. Funds gone kapoot

If you started your business using a loan, you might find yourself out of savings to fall back on if you need funds to survive the recession. To control this, have a suitable savings plan, wherein you can put in some of your income. This allows you to have a backup plan whenever the current downturn happens.

5. Low staff morale.

Slow periods mean sadder employees. Why not add incentives and create contests to boost the morale of your sales team? This is the best time to get your creative juices flowing to help motivate your employees. Having motivated employees means increased sales. So, don’t be too stingy with incentives and praises.

Have you felt any of these yet? If so, what are you waiting for? Try out the suggestions on how to control the effects of recession.

Choose to make it an outstanding day,
- Coach
http://my-wealth-coach.com

Are You an Achiever or are You an EXCUSIOLOGIST?

Monday, March 16th, 2009

It would be a fairly safe bet that if you are reading this article then you are on the lookout for something more in your life than what you already have.

Whether you are searching for a new business, a new opportunity, a part-time income or even a lotto system it all stems from one source – dissatisfaction of present circumstances.

Now you might already be quite successful at what you do, so you might be coming from a position of boredom. Nevertheless, what you are seeking is change. Let me tell you a little secret…

There will be NO change in your life until there is a change in YOU.

Heraclitus, the Greek philosopher said, as far back as the sixth Century BC, “It is in changing that things find purpose.”

Do you want to change or do you want to keep driving a Volkswagen and pretending it is a Porsche? You are the only person who can make it happen.

Basically, if you want more out of life you have to put more into life. A fundamental way to do this is to start educating yourself.

How can you expect more in the ensuing years when the operating system in your brain is the same one that you left school with?

Everything changes all the time.

Maybe you need to change also. Re-invent yourself. Start a new exciting phase in your life. Time waits for nobody.

There are many people who I speak with who have never read a single book or attended any sort of learning experience since they left school. I actually think that’s rather sad but some of them are even proud of it. Yet when the conversation continues out pours all their problems, all their hard luck and “woe-is-me” stories.

If you’re still with me I want to ask you three questions but I would like you to think a little bit before you answer. It will probably take you a short while to answer the first question with a degree of accuracy.

So here it is, the first question: “How much time did you spend last week feeding your stomach?” Your answer doesn’t have to be exact but you should be able to work out some sort of reasonably accurate figure. Jot the answer down somewhere.

Second question: “How much time did you spend feeding your brain?” Most people will not need anywhere near as long to answer this question. Unfortunately, for many, the answer to question two will be ZERO.

So here is my third question and it’s a pretty simple one. “Why? Why do you spend so much time feeding your stomach and so little time feeding your brain?”

These questions are not meant to belittle anybody. Rather, I just want you to think about the issue.

Thinking intensely about things will often lead to action and when action is taken your world can change. That is what you want, isnt it?

Non-achievers are the excusers of society. By default they become excusiologists. They spend a lot of time and effort making excuses for poor performance. The crazy thing is that all that time and effort which was wasted on achieving nothing could easily have been used doing something positive.

You can easily recognise an excusiologist by their language.

“I’m not smart enough!” Rubbish. You don’t have to be a genius to achieve. You just have to be willing to learn. Are you willing to learn?

“Nobody in my family has ever been successful.” Great. Here’s a chance to show them something new. Break the family trend.

“I’ve never had any luck.” Really? Maybe God thinks you don’t need it. The harder you work the luckier you will get.

Be careful about what comes out of your mouth. What do most people say when you ask them how they are?

Question – “How are you?” Answer – “Not bad.” When you think about it, isn’t such a reply rather negative and silly? Not bad compared to what? It’s trash. Get rid of it. Try something innovative. Try this: “Outrageously well. Thanks so much for asking!” That will surely raise a few eyebrows.

So, getting back to what this article is all about. How much longer are you going to waste the most precious commodity you have? – TIME.

Stop making excuses and start taking action. Do something. Do it now. You could easily start educating yourself.

Good knowledge will give you potential power. Acting on good knowledge gives you power.

Try reading some good books. They can really make a change. Not sure where to start? Easy. Try try your local bookstore. Look in the “motivation – self help – personal development – success” area. There you will find dozens of books literally packed with good earthy, positive information. Most of them will contain references for even more information on these subjects. You could even enrol in a course.

After undertaking these measures there will be no excuse for being an excusiologist. I have just offered you some suggestions which will allow you to change.

Of course, you can always stay as you are. That’s your choice. But if there is dissatisfaction in your life and you want to make improvements, for heaven’s sake, do something about it!

You only get one chance at the life you are living. Make it grand. You don’t have to accept what has gone before as the template for what is to come.

Change your operating system. Gather knowledge. Expose yourself to new ideas and ways of thinking and doing things.

You have probably heard this before but it is so pertinent I will put it before you again…

There are basically three types of people in this wonderful world of ours.

1 – There are people who make things happen.

2 – There are people who watch things happen.

3 – There are people who say “what happened?”

If you have traditionally placed yourself in groups 2 or 3 by not being willing to learn new techniques and obtain the knowledge that successful people seek, then there is a very simple remedy. But you have to be prepared to do three things:

1 – invest in yourself

2 – learn some new knowledge

3 – apply that knowledge

You can make a decision today to better yourself or you can ignore my advice. It’s your choice.

Remember, there is nothing so important in your life than investing in yourself. Even if a book or seminar can teach you only one thing out of the hundreds of ideas and special pieces of information they present, it will be worth it for you. Don’t you think so? That one thing might be just the piece of knowledge that can make such a huge difference to your future.

Are you worth investing in?

If, in the past you have been prone to making excuses you have the opportunity right now to do something about it.

If you read the newspapers, watch the TV and listen to the radio you will see how much negative permeates our senses. We are flooded by it every minute of every day. Studying success principles has the power to block all that negative out of your life. It can teach you how to concentrate only on what you want.

When you learn how to shield yourself from negative you will then be free to concentrate on all the good that can come into your life.

Just look around you – this world is in desperate need of more achievers. Heaven knows we have enough negative thinkers and excusiologists. They are everywhere. My advice to you is “don’t add to their growing number.”

Join the achievers who have success thinking as their power base.

Excusiology is a chapter you will find in a subject called Failure 101. Make the decision today to become an achiever.

Whatever you decide I wish you all the best for your future.

Choose to make it an outstanding day,

- Coach

http://my-wealth-coach.com

Pssst… Have you HEARD? No Kidnapping Necessary…

Sunday, March 15th, 2009

You might not hear about it much, but there are people out
there… marketers… who are very quietly making seven figure
incomes as affiliates.

You’ll never be told the names of most of these affiliates. They
don’t do seminars, they don’t write ebooks, and they don’t teach
anyone how to do what they do…

…they just quietly go about their business of sucking cash off
the Internet with a giant King-Kong sized vacuum.

Now, if you’re like me, you want to know what they know.

You want to suck cash off the Internet like a giant Hoover, too.

So how do we find out what they know?

Kidnap one of them!

Hold him hostage ’till he tells us EVERYTHING.

If he won’t speak, torture him with rap music and force feed him
fast food till he bursts.

;-)

Okay, the jail time might not be too fun.

So, here’s another idea…

We’ll CLONE him.

We’ll make an exact copy of his brain, and then we’ll be able to
earn six or seven figures with affiliate marketing, too!

Sound nuts?

:-)

Not as nuts as you think…

There is a guy named Chris who is making SEVEN figures with
affiliate marketing and Adwords right now.

And he’s hired a software team to duplicate the process he uses
to make this income.

His software does what he does, automatically.

It allows ordinary people to create extraordinary incomes…

…and in far less time than you and I thought possible!

==> Google Assassin

There is a catch, however.

You’ve got to be disciplined enough to follow the step-by-step
instructions.

Don’t try to “do your own thing.”

Simply do what the software tells you to do.

I know for some of us, that’s difficult.

We want to plunge in head first on a whim or hunch.

But the software is designed to hunt down REAL profit
opportunities, not whims or hunches.

When it finds one, it alerts you and THEN you jump in and profit
big time.

You don’t need to be brilliant, or even smart.

You just need to follow directions.

Now, even I can do that!
;-)

==> Google Assassin

Choose to make it an outstanding day,

- Todd

P.S. Skeptical? No worries, you get a full 56 days to decide if
what I say is true… that if you can follow directions, you can
make big money with this software.

Be sure and check out the proof on the site, too… $146,706 in
32 days.

What if you made just 1% of that to start?

And you made maybe 10% of that after a few months?

Could that be a wonderful thing?

:-)

==> Google Assassin

Importance Of A Correct Mindset In Trading

Saturday, March 14th, 2009

Having the right mindset is crucial in any kind of undertaking. And market trading is just one of the many examples of career paths where having a clear and focus state of mind can make the difference between disaster and success. Market trading is a risky business and not knowing more about the ins and outs makes success even more difficult to attain. But with the right attitude you get ahead. But what are the right attitudes in trading the market?

One of the more important tips in market trading is to keep your emotions at bay. There’s no need to be emotional in a business where facts and numbers are all that matters. For example, you need not invest on stocks or trade stocks based on personal estimations. You based your decisions on known facts and calculated projections. You don’t decide because you hope the stocks will improve or you hope your investment will be a good one. Stick with the facts.

Some will argue that instincts play a great deal in making decisions in market trading. To some extent it is indeed true. However, what will help you make the correct decisions are the instincts that you developed through your time and experience in the market. But instincts alone will not make you a great and successful trader.

If you have been experiencing a streak of good luck, it would be a good thing to learn to slow down since it is not really a good idea to keep relying on your instincts or good luck. You can become so full of your self that you began to expand and trade on higher payoffs. This of course is a very common mistake and I’m telling you now that you need to avoid these kinds of decisions. Organize and develop your own set of trading rules to follow. This will allow you to step back if you find yourself in a pool of good luck and a string of successes.

Also look or cook your own recipe for success. Sure, a sound financial and educational base is needed to make a big start. Learning from others is imperative but relying on them is a mistake. And eventually, you need to accept loss. Remember that the best traders learn to lose and learn a Thoughts become actions, actions become habits and habits give you the results.
lot when they loss. Trading push you to your limit and capabilities.

Being pushed hard, traders need to maintain focus. A focus mind comes only with a clear head.

The best traders think like a winner. Thinking like a winner turns you into a winner. Identify the thoughts that you want to strengthen and focus on them regularly.

Even with pressures, you still need to go easy on yourself. There are traders who tend to be tough on themselves. A positive self-criticism is different from slapping your face too hard whenever you make mistakes. Learn from you mistakes and then let them go. Self-inflicted psychological damage is difficult to overcome, so it is best to avoid it totally.

Trading is a tough and serious business. But never be too hard on yourself. Relax. The best traders still know hot to laugh, they even laugh on themselves. Having fun and relaxing your mind also keep your mind clear and focused. Having the correct trading mindset can give you immense results and at the same time have fun while you earn your bucks. Certainly, you deserve it.

Choose to make it an outstanding day,
- Todd
http://my-wealth-coach.com

Options Trading in a Flash-The General Concept Behind Options Trading

Friday, March 13th, 2009

Perhaps among the most complicated and maybe the riskiest type of trading is option trading. Most seasoned traders realize that option trading is not for all traders. It selects its own type of people, usually the risk takers. And the trade itself demands skills and knowledge unique only to people who won’t fold under extreme risks. Most experts recommend this type of trading only to those people who have enough risk capital as it carries with it substantial risks.

By nature, it is also speculative. So if you are a person who doesn’t want to speculate too much, you should find another type of security which will work best for you. However, rejecting the idea of entering this trade right away is as risky as not knowing anything about it. It carries with it risks, that’s true,for sure, but it is also a very rewarding venture. You might as well try to understand something on it such that you would be able to decide whether to try you luck on options trading or not.

Since it is inherently risky, option trading also puts forth advantages that may not be had with other types of trades. Some of its wonderful advantages is the flexibility it gives its investors. Each lender has the option to trade at a specific price within a specific period.

It is also, when comparing the two, a more advantageous kind of trade due to its high leverage it offers. Depending on the location, each option may encompass a number of underlying assets. In the United States, for example, each option may represent for 100 underlying assets. Thus, this principle lends the holder the ability to profit from several assets within a single option.

So what is an option?

An option is a kind of security, perhaps closely comparable to bonds and stocks. It is, in itself, a binding contract, that is monitored by and through strict terms and conditions. Basically, options are contracts that owners could buy or sell at a specific price before or on a certain date. An option is usually an additional price tag to a certain asset or item because it is a reservation for the purchase or sale of a specific asset.

Options are also occasionally called derivatives. This is because the value of an option is derived from the value of the underlying asset.

To give light on this topic, consider the example below:

Say you have considered purchasing a real estate property which is worth several hundred thousand dollars. However, when you originally negotiated with the owner, you did not have sufficient money to buy the property right there and then. So you made a deal with the owner to pay an additional $5, 000 to reserve the deal for you for the duration of two months. The extra money you shelled out is referred to as the options.  In case you don’t want to continue with the sale, the owner of the real estate is not allowed to force you to purchase the property nor can the law impose the sale on you. However, you would still have to pay the price of the option.

In summary, when considering buying a property with an enclosed option, you will have the right to pursue with the sale or to discontinue the sale. You are not mandated to do either of the two. But be aware, you may lose 100% of your total investment in options trading which is the value of the option itself.

Choose to make it an outstanding day,

- Todd

http://my-wealth-coach.com

You Can’t Stop It, Even If You Want To…

Friday, March 13th, 2009

Would you believe…

…A system that sends you non-stop cash, even if you don’t want
it to?

When I was a kid, computers were great big things hidden deep in
the recesses of large corporations.

Whenever there was any kind of error, employees always blamed the
computer.

“It’s a computer error, so sorry, we’ll get it fixed!”

One time I heard of a guy getting a check from his phone company
for $1000, a huge sum of money to a kid.

He wasn’t owed this money, and when he contacted the company
about it, they said they would fix it.

So they sent him another check…

…and another check…

…and another check…

This went on everyday for two months before it finally stopped.

WOW! I was so excited!

Maybe some big company would start sending ME big checks for no
reason!

;-)

I checked the mailbox everyday for months after hearing about
that guy.

No, I never did receive those fre^ebie checks from the big
computer in the company basement.

But that didn’t stop me from dreaming. :-)

I forgot all about that guy and his non-stop checks until today,
when I visited Ewen Chia’s site.

Check out his headline…

“The Turnkey Money Machine That Prints Non-Stop Profits For You
Automatically, The Lazy Way…”

“Once You Turn On This Plug-And-Play In-A-Box Money System, It
Can’t Stop Sending You Cash…Even If You Want It To.”

:-) )

The stuff of fantasy, right?

But then he goes on to show proof.

Really BIG proof.

This is no computer error.

Ewen really is making this kind of money.

He spends minutes per day on his system.

Minutes!

And he’s making money hand over fist, as we used to say.

To top it all off, he says it’s so easy, a MONKEY could do it.

Well, I’m not sure about the monkey. But I guarantee you and I
can do it.

Imagine a system that makes you money day in and day out. Real
money, that you get to keep.

Here are the details of Ewen’s system…

==> AutoPilot Profits
If you think it sounds to good to be true, wait till you see the
price. You might faint.

It’s that LOW.

And with an 8 week guarantee, you’ve got plenty of time to figure
out if it’ll work for you (hint: it will :-)

==> AutoPilot Profits

Choose to make it an outstanding day,

- Todd

P.S. That guy who was getting all the checks when I was a kid
went to town once a week to try to give them back.

They wouldn’t take them!

Finally, when the phone company got their “computer” straightened
out, they knocked on the guy’s door and demanded he return all
the checks.

I always thought he should of hidden in the dark recesses of HIS
house, but he was honest and gave all the checks back…

…except one.

He said that was for his trouble. :-)

With Ewen’s program, no one will be knocking on your door.

It’s 100% legitimate, legal and honest.

And your earnings can make those $1000 checks look like chump
change.

==> AutoPilot Profits

Anti-Recession Tips For Effectively Shoring Up Your Portfolio

Wednesday, March 11th, 2009

The economy can be hard on your portfolio.  This has happened before and it could happen again.  Now that we’re officially in a recession, what better time to pump up your resources and shore up your portfolio than to make it recession-proof now or at least weather the tough economic times?  Here are some anti-recession tips you might want to consider:

Aim for quality.

If there’s one thing that markets abhor, it’s uncertainty.  This is especially prevalent in the way investors behave when faced with companies that produce predictable figures.  This is also the reason why investors are loathed to take chances on companies that don’t perform as expected.  These companies are usually the small ones, ones that need investors’ faith the most.

To start shoring up your portfolio, try to avoid companies that will rely heavily on you, the investor.  It will be easier for you (and safer for your investment) to rely on companies that more or less show predictable growth because this points to better earning quality.  Opt for these companies instead – these are usually large firms, big players in an industry that have proven staying power regardless of the economy and have plenty of money to continue to run, do business, pay debtors, produce and make their investors happy.

Invest in health care.

Take your pick: drugs, medicines and pharmaceuticals or health services.  Whichever way you go, you have a better means of shoring up your portfolio if you put your faith on this sector that continues to enjoy a healthy performance.

And it shouldn’t surprise you one bit: what the health care industry can offer is a staple among consumers – good health and a means to cure.  Unless someone comes up with a miracle cure soon, the health care industry will continue to thrive.  Until then, this is one more segment of the market that you might consider putting your faith on.

And yes… the fact that certain segments such as pharmaceuticals pay a lot in terms of dividends doesn’t hurt.

Stick where the crowds are.

By crowds, we mean consumers.  Consumers are the lifeblood of economies.  Without their support and willingness to spend, economies can crash and burn so easily.  As an investor looking to shore up your portfolio, here’s an anti-recession tip for you: invest where consumers bloom.

This means putting your money on industries that cater to the most basic of consumer needs, such as food and beverages, personal care and household needs.  Other than the fact that consumers have been proven to continue spending for basics even during a bad economy, these industries have also performed well during less-than-ideal economic times in the past.  You’re less likely to experience disappointment if you go where consumers go.

Diversify.

Recession always brings out the worst – and best – in people, especially investors.  Which way you wish to take is really up to you.  However, wouldn’t it be better to view the recession as an opportunity to find other means to make money?

If you want to shore up your portfolio and avoid the negative effects of a recession, consider diversifying.  But do so only by carefully considering the pros and cons of the industries that you wish to invest in.  Focus on industries that have behaved so well under pressure, particularly those that continue to stay steady even during a recession.

Choose to make it an outstanding day,

- Todd

http://my-wealth-coach.com

Discover the Stock Investing Strategy That Allows You to Buy Low & Sell High Again & Again & Again

Tuesday, March 10th, 2009

Stock investing can be as simple or as complex as you want it to be.

There are many stock investment strategies out there – many that are extremely complex and just as many that are so simple even a fourth-grader could use them.

But it seems that investors today are too often made to believe that stock investing must be complex and must take a tremendous amount of hard work and research if you really want to make big profits.

But the truth is many of the simplest stock investment strategies work just as well or better than many of the complex stock investing strategies.

For example, there is a little-known, yet highly effective stock investment strategy that is extremely easy to use – in fact,  this stock investment strategy even goes so far as to tell the investor at what price he should buy and at what price he should sell!

That’s right, this stock investment strategy actually eliminates one of the biggest roadblocks to stock investing success that exists – and that is the guesswork/uncertainty that surrounds the buying and selling decisions stock market investors must make.

So let me ask you, are you growing frustrated watching your mutual funds make tediously slow incremental gains?

Or are you tired of making small stock investing gains one month only to give them, and more, back in losses the following month?

If so, then channeling stocks may be the perfect stock investment strategy for you.

What is channeling stocks?

It is a stock investing technique that is extremely accurate and reliable and which provides investors with exact entry and exit points for their trades.

Here’s how channeling stocks works:

The channeling stocks investment strategy relies on the market’s natural tendency to “trend.”  You see, there are some stocks that will trade within a certain range between high and low price points for a period of time and during this time they become highly predictable.

These stocks, which repeatedly move up and down in waves between the two parallel price point lines, are said to be “channeling.”

The upper trend line, or high price point, acts as resistance, and the lower trend line, or low price point, acts as support.

The area between the two trend lines is the “channel.” There are basically three types of channels:

  • An ascending or a rising channel that makes consecutive higher highs and higher lows.
  • A descending or falling channel that makes consecutive lower highs and lower lows.
  • A horizontal channel or a rectangular channel that makes horizontal highs and lows.

Any of the above channels are considered “trade-able” if they consist of at least two lows and two highs. There are three ways to trade channeling stocks:

  1. You can trade in the direction of a channel. Here you would take a long position in an ascending channel and you would ride the price upward until the support line of the channel is broken. An alternative approach would be to take a short position in a descending channel, selling once the price has broken through the resistance line.
  2. You can trade within a channel. Here you would take a long position as the stock price bounces off the support line and you would sell when the price draws close to the resistance line. An alternative approach would be to take a short position in a stock as it bounces off the resistance line and you would cover when it draws close to the support line.
  3. You can trade channel breakouts. With this approach, you don’t have an automatic exit point. Longs are entered when a stock’s price breaks through a resistance line and shorts are entered when a stock’s price breaks through the support line.

One of the biggest benefits of using either or both of the first two trading approaches mentioned above is that you will have precise entry and exit points.

I’m sure I don’t have to tell you that greed and fear are two of an investor’s worst enemies and to be truly successful in the stock market you need to be able to keep your emotions out of it.

These approaches help investors do just that by giving them strict buy and sell signals to follow.

Investing in channeling stocks is also a great way to reduce the risk often associated with stock investing.

With channeling stocks, you’ll know going in at what price you should buy and at what price you should sell, eliminating the often costly mistake so many investors make of holding onto a stock for too long.

In fact, the channeling stocks strategy is a stock investment strategy anyone can use to start immediately booking long and short-term profits while minimizing risk and preserving capital – even if they have no investing experience whatsoever!

To learn more about channeling stocks and the profits that can be made from using this stock investment technique, please visit: Stock Killer

- Coach

http://my-wealth-coach.com

Trading Indicators-Too Much Is Not a Good Thing

Monday, March 9th, 2009

There are literally hundreds of technical indicators out there and thousands of technical indicators combinations that can be used. But the problem lies on the premise. Since there are lots of technical indicators available at your disposal, you risk yourself of having too much of everything which can lead you with mastering nothing. This begs the question: “can you use too many technical indicators?”

Probably, you have asked the same question too and are trying to find the Holy Grail of combinations that will catapult you to immortality, at least in the trading world. You may test several technical indicators or technical indicators combinations that are suggested by some writings on the internet. But the thing is, there is no single technical indicator combination that is 100% successful. Because if there is, everyone will be using it and everyone will be rich right now. Right?

I am not saying, however, that the internet cannot give you something you can use or the internet is just a virtual world full of crap in terms of information about trading indicators. We cannot deny that the internet has given us the ease of access on several technical indicators and charts, which have made some investors knowledgeable in the field and have actually make others real fortune. What I am saying is that investors should not rely on suggested technical indicator combinations and expect to become successful. What you should do is to learn as much as you can and identify which indicators are suited to your trading style, which in turn, can yield to higher profit or positive curve in the long run.

With that said, you don’t have to use several indicators at once. Experts agree on this. Using several indicators at a time will only create confusion. It will only create conflicting information, which is not good if you want to have certainty in your decision.

A good example is using 7 indicators when deciding on your entry and exit positions. Four of them are telling you to enter a long position but 3 are indicating a future downward movement. While majority of your indicators are giving a green light, the other 3 can become a factor. Statistics may be on your side to pursue the trade but you are more likely to abandon it because you still see the risks.

It does not end there. Using multiple time frames can give you different conflicting information which can become a major factor in your decision. More likely, you end up not trading at all because you are afraid to take a position.

To become successful, you really do not have to have several indicators. This is quite ironic but the most effective indicators are those that have been around the longest. Experts suggest that you stay away from complex set-ups and stick on the basic like MACD (Moving Average Convergence/Divergence), Rate of Change (ROC), Relative Strength Index (RSI), Price and Volume Oscillator, and stochastics.

Even with these examples, you have to identify which indicators are suited to your trading style. Do not overcomplicate things. To become successful, you don’t have to constantly tryout new indicators in order to find the best combination. All you need to do is to use and master few and simple ones.

Choose to make it an outstanding day,

- Coach

http://my-wealth-coach.com