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Learning Technical Analysis…

14 Jul

I never thought that I will reach a point in my life that I will find charting totally interesting. You see, I am a self-proclaimed lover of the arts and not a lover of sciences and math.

You are probably aware how people often find sciences and math daunting as subject matters. And charting is very much associated with math. So how in the world did I suddenly find charting and figures interesting?

First, it is the association in math that makes charting a very reliable tool in gauging the action happening in the stock market. Since the market is basically communicating in numbers and figures, charting has made me understand the market more.

Secondly, I never really realized before that almost everything that are going on in the market, the price movements, the fluctuations, the highs and lows, the trends are there in my charts. Yes, the indicators are there and all I have to do is read them.

Finally, charting has made me more vigilant in my share and CFD trades. While I would rely on what others are saying about the market, I now have the ability to know myself through my charts.

As a newbie in trading…I say learn technical analysis and profit more. .

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What are CFDs?

10 Jun

You have probably heard or read about CFDs in netopia. I mean, it is the buzz now a days. With CFDs getting more and more popular, people are opting to invest on it aside from shares of course.

So, what are CFDs?A CFD is a contract between you and the company that you are using to make the purchase. You trade the same shares as those listed on the stock exchange, but in a simulated market environment. For example, if you were to buy 1000 National Australia Bank Share CFDs, you would have a contract with the CFD provider for that trade. A shareholder, on the other hand, actually owns a stake in the company. In short, a CFD offers the benefits of trading shares by mirroring the performance of the share or index, without the need to actually own them.

The increasing demand for CFDs as another mode of investment has paved the way for continued growth and they are now being offered by many different providers in the market place. There are companies that specialise in CFD trading only to brokers that have added CFDs to their current range of trading instruments. And they all offer their own platforms, strategies, perks and range of CFDs you can trade. Making it harder to choose a good CFD provider and you need to spend time researching all the different choices each provider has to offer.

The good news is there is an exclusive deal accessible through Smart Trading with trading CFDs…know more about this in the next blog.

Do you have a trading plan?

8 Jun

Think about this, if you are on your way for a trip to a foreign place, what is the most important thing that you should not forget to bring?

I would bring cash and my map and I am ready to go.

If you are thinking of investing or trading the stock market, your road map in such a world is a trading plan. You heard it right, you need to have a trading plan.

If you think this is a new term, no this is not. In business, you have your business plan. Like any business, trading is a business so you need a trading plan.

However, do you know what constitutes a good trading plan? Do you want a trading plan template that you can customize along the way of your trading journey? Do you know the steps?

There are a lot of things to consider in making a trading plan. If you are new to trading, you will be needing to educate yourself with the important terminologies that people use in the stock market. Believe me, they use a different language. You will find yourself wondering if you were in Alice in Wonderland rather than the stock market.

You need to acquaint yourself with the tools in trading. With the advent of new technology, software in trading is very much accessible. You need to decide whether you will be needing these trading instruments or not.

You also need to establish what kind of trader or investor you want to be. Would you base your trading decisions by looking at stocks through the company or will you be using charts.

Whew! These are but a few things to consider in making your trading plan or trading plan template.

If you want help, grab a copy of the book Smart Trading Plans by Justine Pollard. It is all there.

CFD Trade or Invest?

18 Mar

CFD Trade or Invest? I read an article that says trading and investing are not the same. In the business of trading, you have a goal in mind as part of your trading plan. You may have the plan to increase your income and grow your wealth through the stock market.

Well, you may either trade or invest. Or you may do both. Trading has something to do with actively buying and selling shares in a short-term or middle-term trading of shares or CFDs. Investing has something to do with just buying and holding on to a share for a longer time and re-investing on it. And voila! You may find out that after years of reinvesting on the same shares and holding on to it, you have produced a large number of shares already with hopefully a higher yield.

Well, it is up to you whether you want CFD trade or CFD investment; share trading or share investment. Be wary though that you trade or invest smartly.

Setting Up Your DATAHQ

15 Mar

For the Cfd trade enthusiasts who are using DATAHQ, I would just like to share this video from the best-selling author, Justine Pollard. I know you can learn a lot from this video in setting up your DATAHQ.

May you be profitable in your journey to trading Cfd and share trading.

Cfd Trade Update

11 Mar

Here’s your latest Cfd trade and share trading update. I just picked up these tweets again from the best-selling author and trader Justine Pollard. She tweeted:

# ASX Market is in indecision. Two inside Doji days in the ASX200 chart indicates that it does not know if it wants to go up or down

# There has been no lead from the major US indices – only had small rises. FTSE has bucked the trend & broken to new highs last night

I hope these updates help in your decision to trade, hold, sell, buy or whatever your decision will be. As a trader though, I am just here to hold still.

If you have your own Cfd trade updates and stock market latest trends, please do not hesitate to share.

Tweeting about CFD trade…

10 Mar

The market seemed to be following a flatliner. Nothing interesting seem to be happening the past few days. Just as well, for people who are into CFD trade and share trading, you can relax for now, although do not let your guard down.

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I would just like to share a few tweets I gathered from one of my favorite authors, Justine Pollard. She is also a successful CFD and share trader.

* Remember the market is open 5 days a week, so if you are not confident, sit, watch & learn – anything can happen & be open to what does
* If your plan tells you to continue to trade but you are hesitant, then you could consider halving your risk & portfolio heat
* Daily system bringing up an abundant of long trades again today. So what do you do, do you take them or sit and wait for a break?

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I chanced upon this new site, although I do not know if it has officially been launched already. Try to visit www.smartcfdtrading.com.au and you can discover a lot about CFD trade and share trading.