Hi, My name is Madan. I am novice to stockes and share trading. Especially intra day trading. 2n any one tell me how do I get started in intra day trading.Your guidence will be appreciated.

Hi Madan,

I would suggest you create a simple trading system that can help you to make the decision when to enter and exit the market quickly, since with intraday you need to make a decision in a relatively quick time.

It also depend you what time frame you want to trade.

There is a free book for intro to intra day trading by Markus from rockwell trading, http://www.rockwelltrading.com/free-ebook
I am not affiliated with rockwell trading, I chat with Markus a couple of time during their trading room session as well as Brian. My impression is they are very good, they answer any questions I have and very open.
I only try their trading room for $1 trial for 1 week.

you may want to check the free book out to give you some idea.
I use their simple trading system combine with my trading system to improve the accuracy.

there are a lots of info about intra day trading on the net if you google, I would caution that there are lots of intra day trading room on the net which try to sell you expensive courses or free course but expensive monthly trading room, since you may find the same information from the net which is free in most cases. you can check them out as well and see if they are right for you. since trading need to trading system should match with you risk profile as well as the time need to suit you as well.

I found the simple trading system is still the best

Hope it helps.

Regards
- Max -

i trade and know how to calculate pivots but i am kinda new to forex. i was just wondering what inputs for pivot calculation to use? London session, tokyo or US? is there a specific time frame that everyone uses? do i use US market times to calculate the pivots if i trade in the US session and tokyo session pivots to trade tokyo time? does every trading session use different pivots?

The best periods to calculate pivots are the daily and weekly periods. If you trade with daily charts, use the weekly pivots. If you trade intraday, use the daily pivots.

Good luck

I’m 19 years old and I want to start trading stocks online. I was wondering how much money I should save to start trading and also which online company would be the best for me to use. Any useful tips are also appreciated ( ;

As for where to go, I personally like Scottrade. They are inexpensive, and have always been very good to me.

As for how much to save, here are some things to help you decide:

Think about transaction costs. Even if you can put in a trade for $7, that ends up costing you $14 for a buy and a sell later. If you only have $100 in your account, and you buy one stock, and sell it after a 10% gain, you will still end up with only $96 (a loss of 4%) when all is said and done, due to the trading fees. But if you buy $10,000 of that stock, get a 10% gain, and then sell it, you end up with $10,986 (a gain of 9.86%).

Think about diversification. If you only own one stock, you have a lot of exposure to risk, and are in a lot more danger all the time. If you want to diversify to say 10 stocks, that’s great, but each one will have its transaction costs, as outlined above. So the more stocks you own, with a decent position in each one, the more money it takes.

What is the best fantasy stock trading game or site where you can win prizes? Do you play it? Hopefully it’s live trading.

Updown.com

you start with 1,000,000 play dollars and you can earn real money if your profile does well. they also have contests for college students where the best portfolio after 3 months wins 1,000 real dollars. it’s fun!

I am currently using iforex.com but it doesn’t give the option to trade in Indian rupees…What FX platform can I use to trade in Indian rupees…Thanks

Indian Rupees is not currently one of the major currency pairs traded online so most likely you will not find one, however, you can use your credit card to fund your account and your money will simply be converted at the current rate. you may check out also this site for more options.

what chart period should i look at in swing trade. i usually look at 1 month chart with macd,rsi,stockastic,volume and also support.

i like the 90 charts it helps me back test and predict, take a look at some technical analysis techniques, it might help you be a better swing trader, good luck my friend and make lots of money

I’ve heard of people who are trading options for a living and wonder if it’s possible for regular people who aren’t professional traders to do the same?

Hi James,

Trying to make money in the stock market is risky and trading options is no exception. With that in mind, you should learn all you can about options and how they work before even considering making any trades.

I have friends who have lost a lot of money because they jumped into it without much knowledge, and even with good information, there’s no guarantee.

However, I also know of people who are making good money by following sound trading strategies and managing their risk.

Personally, I’ve found the site below very informative and helpful in learning how to trade options and reduce the risk as much as possible. I’m not saying it’s for everyone, but for me, it did give me insight into the strategies that can be used.

http://www.stockoptionstradingsystem.com

This is for information only and to let you know that it is possible to make money trading options, but please don’t stop there, you really must continue to learn all you can before getting started.

Arming yourself with the right information will be the best thing you can do for yourself if you’re really interested in playing the options trading game, and to see if it is something you really want to do.

Good luck!

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Does not look easy.

i wanted now if there any one who make a full time living trading in forex, im not necessarily asking if your rich, just if u make day by day, im been seeing decent profits and looking to make a living my self, only one thing concerns me, forex doesn’t have a lots of laws related to it, and i dnt want to do anything to get in trouble, is there any thing i shouldn’t do when trading, im looking to use a forex robot for assistance, is that ok. plz U.S. traders only

Hi, people are making a full time living with forex trading. Recently I attended a webinar by Craig Harris. Craig Harris was a Texan construction worker who learned forex trading on his own and now makes daily 50-70 pips. 1 pip is equal to $10. 50-70 pips mean $500-700. This translates into a monthly income of more than $10,000.

Trading with a forex robot without learning forex trading basics will not help much. Many people make this mistake of buying a forex robot. But they don’t know how to optimize it. If you learn forex trading and understand how the market works, you will be in a better position to use a forex robot.

Has anyone heard of, or used, hindsight trading? If so, how was your experience? would you reccomend the course?

www.hindsighttrading.com

day trading is not smart ! Remember you have to have 25K in account at all times to be a pattern day trader. Day trading IS GAMBLING… Trend following and trading trends is a much smarter way to make money. You should seriously consider changing your strategy..