Get introduced to the exciting world of foreign exchange currency trading, also known as Forex, FX or currency trading. OTA Lead instructor Mike Mc Mahon will teach you all aspects of the Forex trading world using the latest tools and software. You will learn how the professional traders control their own order flow and how you can too by using the state-of-the-art ECN for Forex Trading. You will learn how the pros make money and learn the differences between Forex and equities trading. Decide for yourself which is the best instrument for you. Don’t be surprised to find that you can use BOTH in harmony. Forex offers 50 to 1 leverage and 24/6 trading hours. Learn to trade with discipline, a plan and the technical tools that the World Currency Traders use. Topics covered include: Trading Instruments Which currencies and Why –Pips - How to make money –Leverage - Use of Margin at 50:1 –Overhead - Cost of Doing Business –and much, much more…! (This is a CD–Rom based product and is intended for use in computers equipped with CD-Rom readers only. This product is not intended for use with DVD equipment or Automobile-CD players.)

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Jacket Description:
Discover powerful new techniques in swing trading that are sure to improve your trading experience - and your trading profits. Let the CNBC/MSN Money columnist and best-selling author of Swing Trading guide you seamlessly through his personal and proven secrets for swing trading success.

Swing traders tend to do their best when they have a clear “campaign” that can identify major and intermediate trends, unearth strong and weak market sectors and concentrate on the most volatile stocks. Now, learn to build a campaign and spot the perfect “swing period” for your trades using the same “campaign tools” Markman employs regularly.

Markman’s “campaign rule book” reveals the essential elements needed to craft programs that consistently enhance your advantage and increase your rewards. Step-by-step Jon explains how to:

· Develop a “campaign” for making precise buy/sell decisions.
· Select volatile stocks for profits in reversal and continuation patterns.
· Devise strategies using fundamental and technical analysis.
· Gauge the “mood of the market” with 3 key checklists.
· Make the most of his own favorite technical tools for swing trading - and more!

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Get introduced to the flexible world of Options trading. Options trading means choices. Options trading gives you the power to enhance your equity positions or options can be traded solo. We will teach you all aspects of the Options trading world using the latest tools and software. You will learn how the professional traders hunt, find and evaluate the best Options Strategy with the least risk. You will learn the professional side of options and learn to make money. You will understand the difference in directional plays, spreads and hedges. Learn to trade with discipline, a plan and the latest technical tools.

Topics covered include:
–Options Fundamentals
–Risk Profiling and Options Valuations
–Income Strategies
–Spread Strategies
–Understanding Volatility
–Introduction to the Greeks
–Risk Management
–and much, much more…!

(This is a CD–Rom based product and is intended for use in computers equipped with CD-Rom readers only. This product is not intended for use with DVD equipment or Automobile-CD players.)

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Get introduced to the exciting world of foreign exchange currency trading, also known as Forex, FX or currency trading. OTA Lead instructor Mike Mc Mahon will teach you all aspects of the Forex trading world using the latest tools and software. You will learn how the professional traders control their own order flow and how you can too by using the state-of-the-art ECN for Forex Trading. You will learn how the pros make money and learn the differences between Forex and equities trading.

Decide for yourself which is the best instrument for you. Don’t be surprised to find that you can use BOTH in harmony. Forex offers 50 to 1 leverage and 24/6 trading hours. Learn to trade with discipline, a plan and the technical tools that the World Currency Traders use.

Topics covered include:

Trading Instruments Which currencies and Why
Pips How to make money
Leverage Use of Margin at 50:1
Overhead Cost of Doing Business
and much, much more…!(This isa CD-Rom based product and is intended for use in computers equipped with CD-Rom readers only. This product is not intended for use with DVD equipment or Automobile-CD players)

Visit merchant

Lines of trends, support and resistance Posted By : Tomas Anderson A trendline is a main initial element for the price chart analysis. While the market moves in any direction not along a straight line but along a zigzag, the mutual placement of upper and bottom points of those zigzags permits to plot a line connecting the significant highs (peaks) or the significant lows (troughs) of an appropriate zigzag using technical tools of the computer program. Forex Trading

In Forex trading many traders are increasingly using ‘Pivot Points’ as one of their key technical tools. While you should never reply solely on just one indicator it is a fact that pivot points are one of the best tools out there and you should learn how to use them in your trading.

A big reason for their popularity is the relative ease of calculation and application. Unlike some deep math indicators such as Parabolic SAR or Exponential Moving Averages the average trader with school level math can use them with ease after a bit of practice.

Pivot Point Calculation
To calculate pivot points is simplicity itself. The formula is: (H+L+C)/3 - where C is the currency pairs’ closing price for a given day, H is the high for the previous 24 hour period and L the low. In short, the pivot point is simply the arithmetic mean (the ‘average’) of the three prices.

Choosing the time for C is rather arbitrary as currency markets trade 24 hours per day. It’s often taken at the New York Forex market closing time, 4 p.m. EST. This number, usually denoted P, is used in conjunction with several others - called resistance and support points - in order to form the basis of a trading strategy. The resistance and support points are calculated like this -

R1 = (P x 2) - L
S1 = (P x 2) - H
R2 = P + (R1 - S1)
S2 = P - (R1 - S1)

How to choose a price for the resistance and support levels is central and traders differ. Some strategies use the pivot point itself as a key point of support or resistance, depending on the direction of recent price movements. Others use the closing price of the previous day.

If the price breaks above the pivot point, trending up, the market is tending bullish and vice-versa. In the first circumstance the pivot point would be a point of resistance, since prices ‘resist’ moving above that level. In the latter case, it’s a support point.

As well as evaluating trends, pivot points can be used as part of an entry and exit strategy. You might choose to place an order to buy or sell if the price breaks through a certain point. Similarly the point can be used to help select a stop-loss level in the event it moves below a support level.

Remember that no one indicator can be used as the sole input to a good trading strategy but pivot points do perform well as part of an overall approach involving other indicators such as Moving Average Convergence/Divergence (MACD)

Many trader analysts hold that pivot points achieve their useful status as a result of two tendencies.

Tactics
Sometimes called ‘trading between the lines’, is one popular approach. Traders wait for the reversal of the trend off a resistance point, then sell. Similarly, when the price trends upward after bouncing off a support point, a buy order can be triggered. If the market trades near R2 or S2, prices will tend to move back toward the pivot point.

Of course, this approach has to be viewed with some skepticism, as most strategies should be. Resistance and support points are broken all the time, otherwise they’d be no market! So, one has to wonder what makes those particular numbers resistance and support points.

The extent to which pivot points create good trading decisions varies according to many factors e.g., the market conditions and trader skill. But, that they do so to some degree beyond question.

The central problem is that it’s always hard to know when a price movement is a temporary blip or bounce as opposed to a serious shift (oh if I could know that…!) And as any trader knows by the time the trend is definite it’s often running out of steam and too late to profit. As ever there’s no substitute for experience over time to increase your rate of good calls on moves.