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Day trading is undoubtedly the most exciting way to make money from home. It's also the riskiest. Before you begin, you need three things: patience, nerves of steel, and a well-thumbed copy of Day Trading For Dummiesâ??the low-risk way to find out whether day trading is for you.

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• Plan and research trades carefully and thoroughly
• Comply with regulations issues and tax requirements
• Leverage limited capital
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• Sell short to profit from price drops
• Evaluate your day-trading performance
• Use technical and fundamental analysis
• Find entry and exit points
• Use short-term trading to establish a long-term portfolio

You'll also find Top-Ten Lists of good reasons to go into day trading, or run from it in terror, as well as lists of the most common (and expensive) mistakes day traders make. Read Day Trading For Dummies and get the tips, guidance, and solid foundation you need to succeed in this thrilling, lucrative and rewarding career.

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After decades of trading commodities and options, traders often develop a master list of "Golden Rules" they strictly follow to maintain sustained trading success. Now, Trends in Futures newsletter editor George Kleinman provides access to his private collection of most treasured, most powerful trading precepts. Applicable to a variety of trading scenarios and market conditions, Kleinman shares his weapons for winning which include...
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Forex Trading Setup – Stalking EUR/GBP for Topping - International Business Times

By Fan Yang | September 27, 2010 19:10 GMT

Fan Yang

Currency Analyst, Commodity Trading Advisor

Articles by Author | Biography | Contact

Forex Trading Setup September 27, 2010
Tools:
Simple Moving Average(SMA) 50-period (red), 200-period (bold, gray)
RSI-14 with Simple Moving Average 5-period of RSI attached.
Fibonacci Study
Elliott Wave Principles
Market and Price Action (patterns, candlesticks)
Multiple Time-Frame Analysis Stalking EUR/GBP for Topping

 

Day and 4H: The EUR/GBP may have turned bullish, but it is in a correction decline. The current one is the second swing as we can see in the 4H chart.This swing is projected to 0.8430 area, between 50 and 61.8% retracement of the most recent upswing.Let's take a look at a scenario where the market stays bullish. The rising trendline, and the rising resistance of the Sept13-21 triangle both project near this 0.8430 area, so expect support here.Then, another bullish swing should bring the pair to a very strong resistance zone near 0.86, where a more significant correction may take place.This 0.86 area is a 161.8% expansion, and 50% retracement as well as the SMA 200.If the market is still bullish, the farthest this pending downswing from 0.86 should be projected to is the 0.8400/0.8350 area.A rally from 0.84 can target 0.8730 (61.8% retracement).

Fan Yang CMT CTA
Currency Analyst

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analyses.

All screenshots are made from VT Trader 2.0 and are of actual market data at the time of the screenshot.

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BOJ Gov: To Assess Forex, Global Economy At Next Policy Meeting - Wall Street Journal

SEPTEMBER 27, 2010, 4:50 A.M. ET

OSAKA (Dow Jones)--Bank of Japan Gov. Masaaki Shirakawa said Monday that the central bank will look into the impact of the yen's rise on the nation's economy at a policy board meeting next ...

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