Day Trading Stocks With The 500 E-Mini - Pros and Cons

Day Trading Stocks With The 500 E-Mini - Pros and Cons
By Erick B Carlson
If you want to own your own office, lean back in your own office chair with your feet kicked up on the desktop while you count money, then you should seriously think about trading stock with the S&P 500 E-mini. Risks are involved just like any other gamble you might take in life but the rewards can be life changing. It doesn't take a college education to start trading in today's market. Most trading companies have software and digital access to their trading platforms, so that customers can have a simplified trading experience. It's as easy as setting up a Facebook account and entering your credit card information.
These are the Pros of why you should invest in the S&P 500 E-mini:
• Traded Online in a completely electronic environment, making traders even on most playing fields, whether you are trading 15 contracts or 1500.
• Simplified futures contracts - Decreases the need to track numerous charts
• Cost's less to get started than traditional markets - Buyers can get started for as low as $2500 dollars.
These are the Cons of why you might want to rethink investing in the S&P 500 E-mini:
• Slower Market - If you are someone that likes a lot of action, all the time, then day trading might not be for you. There are limits of how long and how much you can trade in a single day.
• The electronic environment is a pro and a con because there is such a thing as, "trading too fast". If you have even one day where the market doesn't go your way, trading too quickly could also make you lose money quickly.
• Competition - Almost half of all trading that is going on in an electronic environment is run by algorithms. Meaning, computers that can find patterns in the market and matches those patters to turn into dollar signs. The competition is stiff but it is still possible to profit in this market, not all algorithms work according to plan.
Make sure that you are confident that this is the type of business you want to get into. Trading stocks is not something that you can just learn overnight, even with the best teachers in the industry. If you have the extra money to throw around and you're willing to take the risk that comes along with it then, you should definitely think about getting into the stock trading game. While everyone else is waiting to make a decision, take your first step and start trading today. What have you got to lose? It's only money.
Erick Carlson is a contributor to the only website that offers day trading services, education, and 1 on 1 dedicated training, all in one. Visit the site: http://howtotrade-stocks.com.
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Pros and Cons of Self-Taught In The Stock Trading Industry

Pros and Cons of Self-Taught In The Stock Trading Industry
By Erick B Carlson

When it comes to learning to trade stocks there is only two ways this can be done. One, you can get some type of instruction, such as schooling or going through a specific set of classes, or two, you can just learn how to trade yourself. In this article we will be discussing the positives and negatives being self-taught. Both of these types of learning techniques can be successful, the question being, what one is more beneficial to the average person seeking prosperity in the market? Keeping in mind, there is no wrong or right way, however, which way will be better for the end user. You must be the judge!

Here are the Pros of being self-taught

• As one can imagine there are obvious advantages to teaching one's self to day trade. Number one and probably the most important benefit is there is usually very little money spent if you are going to embark on this method.

• When learning things on your own, individuals seem to comprehend the reasons for certain choices that are being presented to them because it is usually explained in greater detail by the teacher. These reasons can make a big difference, especially if the person is not dealing with a lot of capital.

• Also, you retain a lot more of the information if you use it when you need it. A lot of education gets unused if we aren't applying the methods we are learning right away.

Here are the Cons of Self Taught

• Most of the time, we can see them clearly because the negation of an advantage can also be viewed as a disadvantage. For example, many people you have talked to have probably told you that they had a college education but find that they use very little of it in their actual career. This is also true in the learning of how to day trade. If you know all the fundamentals of when and why things should happen but do not really understand completely how to analyze charts and some of the actual daily functions, one can find themselves in a bit of a quandary.

There is a lot to be said of the experience of a veteran. When a doctor goes to school, it is followed by a residency, for the simple reason that you do not want a surgeon who has only read about a heart transplant to perform your surgery without the proper education.

• The one thing we would like to shed some light on is if an individual does not have clear knowledge of the why, how is he going to make as good of decisions then if he knew the reasons behind the choice? This needs to be thought in every independent basis in order to come to the proper conclusion. Is the trader making the right decisions all the time and how can we be sure. Does the trader want the trend of the market to tell us? It can probably be assumed we have made the wrong decision if we lose a bunch of money.

• Most people don't want to spend the time and effort it takes to learn things on your own. It takes longer to learn something here and there than it does to learn something all at once in a school or mentor program.

One of the tell tail signs of what is better or worse is performance. In the area of learning to day trade many of these questions once again can be answered according to your level of success. This article was really written to shed light on a very few of the important variables involved when it comes to trading any kind of stock and is meant to help the beginner trader find his way.

Erick Carlson is a contributor to the only website that offers day trading services, education, and 1 on 1 dedicated training, all in one. Visit the site: http://howtotrade-stocks.com/day-trading-tips-day-trading-beginners/.

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3 Tips On Creating Your Brokerage Account - Choosing a Broker

3 Tips On Creating Your Brokerage Account - Choosing a Broker
By Erick B Carlson

Having a brokerage account is absolutely necessary if you are going to start trading. Luckily, there are plenty of different types of accounts that you can start. You don't need a lot of money to start one of these accounts but you do want to make sure that the money you spend goes as far as possible.

Broker Re-sellers

This type of broker typically works as a liaison between the client and the larger broker. Basically, a broker re-seller takes the order of the stock from the client and purchases that stock from the larger broker. This type of brokerage is not the traditional method in which most traders invest in. Only client who know there broker's extremely well should take a chance in hiring an individual to be the intermediary for you.

Full Service Broker

Having a full service broker is your best bet if you want to make the most money, but this money comes at a price. Full service brokers are by far the most expensive in the beginning but the return you get is well worth it. The only thing that differentiates full service brokers from the other 2 is the amount of services that are available. You can get more from a larger broker than you can a smaller one. If you have the capital to hire a full service broker, hire them. They will do most of the leg work for you and give personal insight on the best ways for you to trade in your environment. Also, their customer service departments are usually top notch.

Discount Broker

IF you are tight on a budget or just getting into trading, getting started with a discount broker is usually a good idea. It costs less to get one of these accounts started and it's almost like a beginners trading course. You get to explore all of the different kinds of trading you can do while learning how to trade in a real world environment. Also, a discount broker is helpful when you are not sure what kind of trader you are yet. Developing your own personal trading style is essential in becoming consistent in your trading successes. A smaller broker might be better for you in the beginning stages to help you develop that style.

IF you don't choose the right broker on the first try, don't get discouraged. It is a common thing that traders switch brokers from time to time anyways while transitioning and finding their own trading style. It is important for you to focus on finding one that fits your style or helps you develop one in time.

Erick Carlson is a contributor to the only website that offers day trading services, education, and 1 on 1 dedicated training, all in one. Visit the site: http://howtotrade-stocks.com.

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Successful Day Trading With The 500 E-Mini

Successful Day Trading With The 500 E-Mini
By Erick B Carlson

Trading stocks on any platform can be a very confusing and risky matter. The one thing individuals must realize is there are many things that you can do to mitigate risk and put things into better prospective. We will focus here on matters which will prove to be beneficial advice to people that are looking to excel their trading methodology

Choosing a Platform

The first thing is, choosing a platform and looking at the differences between what products you are going to trade. Again, there are many different ways you can choose whether it be trading on the Dow, Nasdaq, Foreign currencies, Commodities, S&P 500, or S&P 500 e-mini. Instead of explaining all the advantages and disadvantages, let us begin to look at underlying generalizations of trading most stocks. Firstly, in almost all facets of trading there is a huge amount of research typically done on individual companies to see if they are worthy of buying shares. This can be an extremely arduous job. Most people, in order to be proficient, want the path of least resistance and realizing the least variables involved makes the trader's job easier. Also in most stock trading arenas, you are buying stock with the hopes that it will go up. Trading stocks with the S&P 500 E- mini, you can make a profit based on the way you buy it and whether that stock moves up or down. In fact, there are typically so many different variables in stock trading that if one variable is overlooked, you may be in for a bad ride. When trading stocks with the S&P 500 e- mini there is really only one variable that needs to be looked at and quite simply, that is "PRICE ACTION". Price action is really the only indicator on this platform that really needs to be scrutinized. It is much easier following the price trend of a combined number of stocks, as opposed to an unlimited amount of variables in a traditional trading environment.

Finding The Right Tools

There are so many tools out there that can help traders make a better more informed decision, thus mitigating risk even more. There is a plethora of different chart and trending software tools that can help make the trader's job much easier. Our advice is simplicity and your full understanding of how the software is used. Just like anything else the more clearly you understand something, the better the performance is.

Following The Rules

It also needs to be understood that, when trading stocks on the S&P 500 e-mini, the more robotic the approach the better. In other words, developing a set of rules, while following them with the absence of emotions will prove to be a trader's key to success. The less speculation and the more you deal with facts the better off you will be. Following a set of rules and not deviating from your plans is an extremely hard thing for most traders to accomplish. Rules are probably the one of the most difficult aspects of trading: however, keeping your emotions out of the game will prove to be your biggest nemesis.

Throughout history, "Gut Feelings" have been used to guide us and help us, however, in trading, keep your emotions at bay, deal with facts and figures and you will be safe and successful.

Erick Carlson is a contributor to the only website that offers day trading services, education, to help you learn how to day trade, and 1 on 1 dedicated training, all in one. Visit the site: http://howtotrade-stocks.com/how-to-get-started-day-trading/.

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Day Trading Companies - Top 3 Places To Trade Stocks Online

Day Trading Companies - Top 3 Places To Trade Stocks Online
By Erick B Carlson

Are you finding it hard to decide what trading company you should go with? They all are fairly similar when you look at them from an online standpoint, but what about performance? What can you really expect to get from the top companies in the industry? This guide will help you decide what companies you should consider if you are thinking about trading stocks in the near future.

#3. American Trading Consultants LLC

Advantages of using American Trading Consultants LLC
• Free 1 on 1 training and education to help you learn how to invest in stocks better
• Technical Support offered 24 hours a day
• Software available on all mobile devices including Android smart phones
• Best Education for Beginners - Step by step guides on how to start today

Disadvantages of using American Trading Consultants LLC
• Newer Company - New to most players on the online market
• No Pricing Listed on Website - you have to call to get a quote or send an email using their contact form
• No video tutorials - On the site it says they will have "videos coming soon"

#2. TradeKing

Advantages of using Trade King
• No account maintenance fees
• Free Broker Assistance
• Offers Fee Option Trades

Disadvantages of using Trade King
• Ranks last in usability - Platform does not perform like some of the other competitors
• Mobile Version does not work on Android devices, if you want to trade with Trade King, you must have an IPhone
• Doesn't offer 24/7 technical support - There support team is only available during regular business hours

#1. Options Express

Advantages of trading with Options Express
• No account maintenance fees
• Technical Support offered 24 hours a day
• Easiest trading platform to use
• Has the most investment options and tools

Disadvantages of trading with Options Express
• Market, Limit, and Option Fees are about $4.00 higher per trade than both other companies
• Does not allow fee option trades
• Retirement Investing is not offered - Retirement investing is important to most traders. Although, they don't offer retirement, They Do offer a lot of alternative investments that the other don't

All 3 companies have their own advantages and disadvantages; it is up to you to decide which company has the perfect fit for you and what you need out of a firm. If you a night trader, you want 24/7 support and if your trading frequently, you want lower trade fees. Make sure the company that you choose to go with, you can grow with.

Erick Carlson is a contributor to the only website that offers day trading tools, education, and 1 on 1 dedicated training, all in one. How To Trade Stocks: http://howtotrade-stocks.com/day-trading-tips-day-trading-beginners/.

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Thinking Outside of The Stock Box: An Alternative Perspective

Thinking Outside of The Stock Box: An Alternative Perspective
By Erick B Carlson

The world of numbers and money is an inherently logical, black and white world. However, we live in an age where the days of black and white ruling effectively in the modern world are quickly fading. The world is shifting over to the once dreaded "gray area" and creativity and ingenuity are becoming to new black and white in many ways. That said, why not ride the wave of change in your stock trading world? Getting outside of the box to build a new perspective is imperative in times such as these. Here is one alternative perspective.

Stock trading is a mental sport

Stock trading is a lot like a sport in that nobody has ever won a championship (Or been a stock market king) by never taking risks. However, no person has conquered the stock market by taking wonton, uncalculated risked. The same can also be said of championship athletes and teams. Understanding the terrain on which the "game" is being played and the nuances will help to assess risks and potential awards of different levels. At some point you have to take your shot, but keep in mind that luck is merely when opportunity meets preparation.

It's all in the execution

Execution and adherence to a sound game plan is key to success in both realms. Once you have an effective plan that is built around your strengths (whether individual or organizational) stick to it. It may not always be pretty or work the way you foresaw, but If a team built to run the football abandons the run are they going to see much success? History will prove that "no" is the answer exponentially more often than the rare "yes" in that scenario. It may seem like a shallow or trivial relation, but stocks and sports are both HUGE money generators. With money changing hands at such a high rate and certain people raking in huge profits, it is inevitable that there will be strategies in place, financial and otherwise, to maximize the money making opportunities in both worlds i.e. "game plans." Some stock market moves fall flat, just like some teams fall flat on game day. Going "undefeated" is very rare in the professional world. Everyone takes a loss at some point, the timing of the loss and how you bounce back is what is most vital. Don't lose faith too quickly. That said, if you realize you have a losing game plan, the drawing board is right where you left it.

It goes beyond you

Make sure your "team" is full of players that are a good fit for what you want to do. Personnel compromises, both in business and sports, are something that I don't see championship teams and the leaders of the business world make. You need people who are capable of executing your philosophies and plans because of their aptitude, willingness, and ability to dynamically function as part of a unit. One mind can be amazingly powerful and effective, but a meeting of several like minds can move mountains, even the planet in this day and age.

Don't be afraid to focus your eyes on the top, just be aware of the steps you need to take along the path heading up there and don't get ahead of yourself. Stay aware of the competition, but at the end of the day you should be focused on being your best self, day in and day out. If you feel that you are building something strong and transcending, try viewing yourself as your competition that you need to be better than each day. If you try to be better today than you were yesterday, EVERY DAY, then your climb up the ranks is an inevitable reality. I just hope that you aren't afraid of heights. Happy trading!

Erick Carlson is a contributor to the only website that offers day trading software, education, and 1 on 1 dedicated stock trading training, all in one. Visit the site: How To Trade Stocks Online.

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How To Trade Stocks Online for Beginners

If you have ever wondered how to trade stocks, well, this is the blog for you. This blog is dedicated to offering stock trading education and helpful tips and tricks to help you learn how to trade stocks online or on any virtual platform.

Where can I find Day Trading Software?
There are various forms of day trading software online. Finding the right one can be pretty tough if you do not know what to look out for. What should I look out for?

• Simplicity
• User Friendly 
• Fast Set-Up
• Easily Customized
• Versatile

For More Info About Software for Day Trading Visit

http://howtotrade-stocks.com/day-trading-software/

How Do I Get Started Day Trading?

1. Set up trading environment
2. Set up brokerage account
3. Set up data feeds
4. Set up charting software
5. Start simulated training

For More Information about How To Get Started Day Trading Visit

http://howtotrade-stocks.com/how-to-get-started-day-trading/
or watch our Youtube Video How To Trade Stocks

Do I need a lot of money to start Day Trading? http://ezinearticles.com/?Do-I-Need-A-Lot-Of-Money-To-Start-Day-Trading?&id=8114574

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