Making Money from the Markets !
Once you learn to Trade successfully, Trading the Markets (Stocks or Currency) is not just about making Money. There are several other reasons why Trading the markets is so attractive to most people. The main ones are :-
- The ability to Trade from Home, via the Internet.
- The ability to see your earnings (Trading profit) placed in your account Immediately, no invoicing, no wait, no complaints or returns.
- Trade when you want, Take a break when you want.
- No need for employees, premises, or physical inventory.
- There is No limit to what you can earn.
- With the right system, Trading can be Automated.
There is also an added incentive, being successful at Trading is absolutely the most fun you can have with your cloths on ... !
So why do most people Fail ?
This is a much misunderstood area of Trading. Statistically 95% of Traders who Trade the markets (Stocks or Currency) actually lose money, to the point where they stop Trading. Why?
There are a multitude of reasons, but the main ones are :-
- Lack of Patience, leading to a scattergun trading approach
- An expectation of making money immediately.
- An undisciplined approach to Trading.
- An assumption that shorter trading time frames are better.
- An assumption that all knowledge to be successfully can be gathered for FREE.
- By projecting the size of the potential win, instead of the size of the potential loss.
The final point of which leads to the biggest reason for most people quitting the markets, running out of Trading margin, usually caused by placing Trades that are too large for the account size.
Failure should be factored in on a Trade by Trade basis. In other words, concentrate on how much you may lose, not the potential winnings ....... adopt this approach, and you will start to succeed.
Finding the right Formula
Trading the Stocks and Currency Markets can be a tricky business for veterans, never mind beginners. But with the right advice, you can shorten the time to success, and avoid the pitfalls most people make.
Fellow Traders are geared to shortening the learning curve, with practical advice along with access to systems that have proven successful. The site consists of three basic functions :-
- Education via free or cheap E-Books.
- Recommended Trading system reviews.
- A newsletter covering newly discovered systems.
The site has been simplified to a single page containing all of the information you will need to decide which markets to trade, what time frame to Trade, as well as what systems are suited to your chosen market and where to get them.
What do I need to learn First ?
The first things you need to know as a new Trader are :-
- How often can I be expected to Make money ?
- How much Money do I need to get Started ?
- What do I Trade?
- When do I Trade ?
- What process do I Trade ?
- How do I place a Trade ?
- What safe guards do I use ?
- System Trading.
To learn all about the above, Fellow Traders have gathered together a set of E-Books that cover more than just the basics. Some are free, some are not. These are listed below, with either download links (if they are free), or a site link if they are not. Fellow Traders suggest that you download and purchase the lot. A small investment at this time, will reap huge rewards once you start risking your own money on actual Trading.
Trading is just like any other business, when you are starting out, you need to invest in the tools that will help shape your business, and eventually make you Money. If you assume that everything to do with Trading the markets can be gathered free, you will FAIL ... !
Don't rush to start Trading. The markets will always be there.
So, lets look at a collection of educational material that will help you answer the above :-
E-Books to get you started :-
Mantra
Written by Douglas E. Zalesky, this ebook covers the mental attitude you need to succeed at Day Trading. Written in a simple but profound style, the Mantra covers the need for discipline and patience. Most of the rules described can be attributed to any trading style or time frame.
This e-book is free to download you just need to subscribe to the Fellow Traders newsletter by providing a valid Name and email address to receive download instructions.
Click here to Download Mantra FREE here
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Money Management
Written by Bennet A. McDowell, this free PDF report covers the simple truths about how important money management is (ie how much to risk on each Trade) as well as giving true insight into how to calculate how much to risk on each Trade. This e-book also covers what mental attitude to adopt to succeed too. Between this and the Mantra above, you will see a pattern immerging. This pattern is what is required to succeed at Trading your own money.
This e-book is free to download you just need to subscribe to the Fellow Traders newsletter by providing a valid Name and email address to receive download instructions.
Click here to Download Money Management FREE here
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The quickest way to make money Trading the Markets
Written by Peter Parsons, this E-Book covers the basics of Trading, and leads the reader through which markets to Trade and why, as well as how to choose a broker, and finally talks about algorithmic Trading systems, and why they are so useful to beginners.
This e-book is free to download you just need to subscribe to the Fellow Traders newsletter by providing a valid Name and email address to receive download instructions.
Click here to Download "The Quickest Way to make Money Trading the Markets" FREE Here
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What is a system, and why are they so important ?
The vast majority of successful Traders use a 'system'. So what is a 'system' ? put simply, system Trading is the use of a predefined rules set that covers various aspects of each Trade.
In its simplest form, this could be nothing more than how to decide to Enter a Trade, and where to put a protective stop.
In its most complex, a 'System' could consist of several entry rules and filters, as well as trailing stops based on such things as volume and price movement, as well as additional exits based on time in market, Pre determined profit take etc etc.
Ultimately, more Traders are looking to algorithmic systems to help them Trade. An algorithmic 'System' uses historic price data, along with technical indicators such as Moving averages, relative strength Indicator, stochastic etc to calculate entries, trailing stops and exits for the user. A really good system can even calculate risk management.
For the beginner, a trading 'System' is almost a must. Why? because the use of a Trading 'System' will instill discipline. Discipline is one of the most important traits a new Trader has to learn.
Trading 'Systems' come in all shapes and sizes. try several, until you find one that you are comfortable with.
Start with a paper based system, described in an E-Book, these are usually very reasonable, and consists of a one off fee. Later, when you have gained some experience, you may want to look for an automated algorithmic system. These tend to be more expensive, and may be priced on Monthly subscription.
Recommended systems listed at Fellow Traders
All Systems recommended by Fellow Traders have been purchased, and back-tested tested. All have been forward Traded for 60 Trades (or 3 Months) as a minimum. Some have been coded into an eSignal algorithmic Trading system, for in depth analysis.
To Date 227 systems have been tested, and only the 7 listed here have made it to recommended Status.
Recommended Systems that Trade FOREX (Currency Markets) :-
All the systems listed here are designed to Trade FOREX. Most of the E-Books describe which currency pairs the system is designed for, and may even show back tested results
Forex Daily Swing System
This system written by Dean Saunders, is geared to Trading Forex on an end of Day basis. It should be named 'Pin Trader' as this is more apt. The system is simplicity itself to Trade, and uses a very easily recognizable bar pattern to trigger a trade. It works, and it is FREE
Fellow Traders have actually coded this system into MetaTrader, and it does work. It produces approximately 3-5 Trades a month when looking at the main 6-8 currency pairs.
This e-book describing the system is free to download you just need to subscribe to the Fellow Traders newsletter by providing a valid Name and email address to receive download instructions.
Click here to Download The Daily Swing System E-Book
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The Forex Machine E-Book
A chargeable E-Book written by Avi Frister, the Forex Machine covers three algorithmic Trading systems that are geared to Trading certain currency pairs, and time frames.
The systems described in this E-Book have been used world wide, and there is good reported success.
Fellow Traders own eSignal plugin of cashcow has produced good Trades over the last 6 Months.
The End of Day system called 'CashCow' is particularly good and has been converted to an eSignal plugin by Fellow Traders which is available as a subscription. More information on the CashCow Subscription is available here :-
Fellow Traders Forex CashCow plugin detail
More information from Avi Frister is available here (you can purchase it here too) :-
Click here to view the Forex Machine E-Book website
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Forex Trading Strategies
Written by Ken Marshall and Robert Moubray, the main systems are described in an E-Book called "More Wealth from Short Term Trading". There is also an additional E-Book for Forex beginners that is also pretty good, covering all the basics and more.
What is unusual about the main system these guys have detailed is that it is geared to Trade 30 minute and 1 hour charts. This gives a relaxed feeling to Trading. The system is geared to give a high percentage of winners, and I have found this psychologically to be one of the easiest FOREX systems to Trade to date.
This is the first intraday system Fellow Traders have seen that allows you to trade comfortably, without having to rush at stops and trade entries and exits. You get the buzz, but also have the time to learn as you Trade.
One of my guys here at Fellow Traders has seen returns of more than 112% in one Month Trading a FOREX Mini account (with $3k lodged in the account before he started trading this system)
To say we are all surprised and delighted is an understatement.
Although the website is nothing fancy, the information within the two E-Books provided as part of the system are good. Aimed at the shorter term trading time frame, the techniques described do work. Certainly well worth a look.
Click here to see Forex Trading Strategies Website
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Forex Killer E-Book and Standalone Software
Written by Andreas Kirchberger (a known Forex Trader) this is more than just an E-Book. It is a total system. There is an E-Book covering the basics of Forex Trading, but the 'gem' of the system is a standalone piece of Software that is market data independent. You simply decide which time frame you want to Trade, and enter the last 10 bars worth of data into the system, the system will then tell you whether to take a trade, and in which direction.
You choose where to get your market data from (free sources such as Yahoo finance) or chargeable sources such as eSignal.
Fellow Traders have placed more than 70 Trades using this system, and currently have a 56% profitable Trade ratio. The use of proper money management has seen our account earn 3.4% per month average.
Andreas's site has a vast amount of information and feedback from users of the system. You can access this information, as well as purchase the system here :-
Click here to view the Forex Killer System website
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Forex Blade Systems
Written by Dean Saunders, this E-Book covers 3 systems that are geared to Trade Forex. The three systems range from a 5 minute scalping system through a 4 hour breakout system to a final Divergence system.
All three systems are simple to Trade, and use precise rules sets. that are easy to follow.
We particularly like the 4 hour breakout system.
More information on the systems can be read about here :-
Click here to view the Forex Blade systems website
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Recommended Systems that Trade Stocks or Futures:-
The systems listed here are designed to Trade Stocks, Futures (which may include INDICES)
60 Minute Trader
Written and operated by Chris Kobewka, this system is a combination of E-Book, and members website that covers how Chris Uses his system to make money Trading futures indices.
With a reported Trading record of 90% successful Trades, and only 2 losing trading days a Month, Chris's system has proved very popular with beginners.
Chris also provides a real-time email service where his Daily Trading summary is summarized each day, giving the system user an idea of how he trades his system. More information is available here :-
Click here to view the 60 Minute Trader Website
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Kiss Futures Trading System
Written to allow set and forget trading, the kiss futures system is an excellent E-Book, AND a free Month's use of the metatrader EA plugin. This alone is worth the cost. The system includes full money management, and a host of additional systems all included in the price.
There is even an 83% accurate Forex betting system that uses forex options to make money.
Click here to view the Kiss Futures Website
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Algorithmic Trading systems
eSignal Plug-ins
In this section there are links to fully automated algorithmic Trading systems. All of these have been written in house by Fellow Traders for either eSignal. This means you have to subscribe to eSignal to be able to run this plugin.
The cost of the most basic eSignal service is End of Day and costs $295 per annum. This will give you access to most US stocks, and although the name implies you only get end of day data, you actually get intra day data too, but only outside trading hours. If you want to Trade intra day using eSignal, then you will have to subscribe to the premier service.
More information can be found here :- http://www.esignal.com
The Fellow Traders 2007 MA System
Written as an eSignal EFS plugin, this system uses two moving averages to gauge entry and then uses a simple point based trailing stop to exit.
The system also has the ability to optimize all parameters against historical price data for the symbol and time frame loaded.
Providing full alerts on all Prospective Trades, as well as stop movements, this system is simplicity itself to use.
More information on the system as well as purchase options are available here :-
Click Here to view more about the 2007 MA System
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The Fellow Traders Forex CashCow System
Written as an esignal plugin, this is a conversion of Avi Fristers Forex CashCow system, and is designed to Trade the $ / GBP currency Pair. The system has some unique features, such as the ability to optimize parameters using end of day charts, but still allow trading to occur on intra day charts.
More information, as well as subscriptions are available here :-
Click here to view more about the Fellow Traders Forex CashCow System
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MetaTrader Plug-ins
The following system has been written as an Expert Advisor (EA) for MetaTrader 4. MetaTrader 4 is fast becoming the de facto standard for Trading Forex Trading accounts. More and more Forex Brokers offering the ability for customers to use MataTrader 4 as the default Trading platform.
The beauty of MetaTrader is that it is user friendly, has built in trading system development support, but is also easily setup to offer demo accounts to customers.
This means that most supporting brokers offer a free demo account, with live Forex data, and so a MetaTrader EA is easily tested on a demo account before going live.
The other advantage is that MetaTrader's system development language supports FULL autoTrading, allowing a well written EA to become truly black Box.
The Fellow Traders Forex RangeTrader (Phase-Three)System for MetaTrader
Written as a MetaTrader EA, this system has to be the easiest to Trade.
Fully automated, all you have to do is install and run. The system has full money management built in, and will automatically calculate Trade size based on Account Balance. If you leave the profits in the account, the system will start to compound the Trades over time. Currently Making placing an average of 5 Trades a Day, the system has returned an average of 3 - 15% per Month for the better part of the last 3 Years.
More information, as well as a purchase link is available here :-
Click here for more Information on RangeTrader
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Disclaimer
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.
All information on this website or any e-book purchased from this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold FellowTraders and any authorized distributors of this information harmless in any and all ways.
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