Thursday, July 21, 2011

How to make money day trading with colours

How to make money day trading with colours

Have you every considered trading on the stock market, as a way of making extra money?
I am thinking of day trading, spread betting,  swing trading and online currency trading or foreign exchange trading, more commonly known as forex trading or fx trading.
You may laugh, but I am not joking.
I used to think finacial trading was something you could only do in a financial institution, or as a broker. I thought you had to work for a bank or with stock broker. Perhaps I was naive.
I also thought that you would need specialist tools. I imagined trading on your own, was a stupid idea. I thought you could only lose money.
Well, since then, I have learned that trading can be a very good way of making money.
I have learned that trading is open to anyone. Anyone can be a trader, all you need is to learn how to do it.  Although trading looks difficult, and complicated, it really isn't if it's taught correctly.
This may sound a bit wild, but it's not.
After all, commercial traders, the career traders (men and women) who work for banks and stock brokers, have to learn how to trade. They aren't born as traders. And they are no more a genius than you or I.
To be a successful trader you just need is to learn how to apply some basic rules.
Learning to trade is just like learning anything else. Just think how complicated and impossible some things seem until you realise that other people have learned how to do it - riding a bicyle, diving, hang gliding, or learning a language. There are skills you need to learn in order to master. Some people do better than others, but most people can survive. Of course, you need to manage some risks too.
But, the most exciting thing about learning any skill is, once you have learned it, you can use it whenever you like, and you can get better.
Well, it's the same with trading. Once you have learned to trade successfully, you can continue to trade forever. You can trade as much, or as little as you like. You can put a trade on first thing in the morning, and finish work by 11.00 am. You can trade from the beaches of Mauritius or Greece! All you need is an internet connection, and an account with a trading platform.
Swing Trading or Day Trading could enable you to massively improve your lifestyle. If you knew how to make money day trading, you could change your life.
I came across Less Stanford, the founder of Trading College, at an event in London a couple of years ago. He used to be an internationally successful competing rubgy player. When he retired as a rugby player he took up trading and became extremely successful at it.
He was so successful at trading, he started his own school to teach others how to become successful traders. He started Trading College based in London, and it is now one of the most successful trading schools in the UK, and runs regular courses on day trading, swing trading and forex trading, and training people to manage the money markets.
His whole approach is to make trading simple, and to remove the mystique. He has developed a range of unique indicators to simplify the process - Trading with Colours - green for go, and red for stop!
He has thought the process through really well.
When you enroll for the Trading with Colours beginners course you get send some precourse stuff: four introductory videos to get you started, including (1) how to open an account, (2) charts, (3) trading strategy and (4) money management.
This course is over several days and includes a very compreshensive introduction to trading, placing a trade, setting up your charts, managing trades, when to enter a trade, trigger pullback and entry, markets to trade and those to avoid, trading psychology, understanding trends, technical analysis, and automating your trades, and a lot more besides.
I you are looking for the right work at home opportunity, online trading may just be what you are looking for.

By:- Graham Halstead

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