Renting Shares is a term which has been heard a lot lately. There are many that have heard this and are not certain what it means. If you think about buying a house and then renting it the term may be simpler to comprehend.

Covered calls strategy is taught in a detailed course offered by 21st Academy and Jamie Mcintyre called Share Training. This teaches all you need to know about Renting Share Out and making passive profits in a short period of time. This can provide all the details on strategies and techniques needed for success. Taught via a home study course all materials are available in videos, DVDs and CDs.

Covered calls and leaps will open the window for you to make a large change in your monthly income for the better. There are many strategies which when learned and applied can easily alter your situation positively. Make money while you sleep with this system.

The Share Renting Strategy

The 21st century education system has allowed thousands to go to sleep with the peace of mind that they continue to make profits while they sleep. The strategies taught enable an increase in monthly income using the techniques taught which once learnt will never let you down.

How? Using a unique share market cashflow strategy called “”Share Renting”" or “”Rent Out Shares”".

In the Jamie Mcintyre seminar one can benefit from years of experience and research by Jamie which took tens of thousands of dollars to gather and compile.

It will not be that hard for you to learn the necessary strategies for success. All you have to do is use the same strategies that other successful investors have come up with. Once you use the Jamie Mcintyre program and duplicate his actions then you will be on your way. There is no need to be grasping at straws and struggling. Once these strategies are implemented you are on your way.

The Key is to Take Action

If your already using the renting of shares strategy, congratulations on taking action and no doubt you’re probably thinking why isn’t everyone doing this!

If you are yet to start, here is a little motivation. If you look at this a different way, it is costing you around $2,000 to $3,500 per month, every month that you are NOT renting your shares out.

The Jamie Mcintyre seminar will show you that if you are an above average person that you will be throwing away as much as $5000 – $15000 per month by not using this system and implementing some very simple strategies.

For further residual income shares strategies click here: Renting Shares

Technorati Tags: renting shares, share renting

The DayTrading Robot works in the penny stock markets because penny stocks are the ones that have the largest percentage gains in the shortest amount of time. If you want to make a lot of money in a short amount of time then you won’t find much success trading the high priced “blue chip” stocks because they are already near peak levels. This is really obvious when you stop and think about it. Making large amounts of money on the stock market isn’t about picking the stocks with the highest price gain, it’s about picking the stocks with the highest percentage gain. That’s a very important concept you must understand so that you can understand why this software picks penny stocks.

When you go to the official website of The Day Trading Robot Newsletter you will find truly astonishing evidence of the power of this software. On December 16th the software said it was time to pick TLLE at just 13 cents. By the next day that same stock was over 40 cents. It doesn’t take a genius in math to understand that 40 is more than three times as high as 13.

A very simple example of how much money you can make with a 300% gain is to imagine that you put $1000 into a stock that goes from 13 cents to 39 cents. That’s exactly 300%. That $1000 worth of stock would now be worth $4000. And if you sell it at 39 cents then you’ve made $3000 in just one day. You could trade high priced stocks for many years and never make a 300% gain. That’s the logic behind buying and selling penny stocks.

Technorati Tags: day trading, Day Trading Robot, DayTrading Robot, Make Money Online, Stock Pick Newsletter

We once wrote a little piece about keeping your losses to a minimum since letting a losing trade get wildly out of hand will cost you dearly. So we got a question we’d like to share with you:

“I agree with your concept of bailing out of a trade quickly before it snowballs into something ugly. I think that is why we use stops. But I have a question about that. What do you do if you buy a stock on Monday and it ends the day right about where you bought it. But then Tuesday it opens down 50 cents and falls from there, hitting your stop. Do we let the stop take over?”

What a good question and the answer is going to need some explanation. We don’t usually like to get too involved with the first half hour of trading. It’s that first opening 40 minutes of trading where the overnight market orders are getting processed, where the morning’s economic data is getting “knee jerked around” and overall it’s usually a good time to avoid.

So, what does one do when a stock opens the next day and it’s at your stop? In general terms the best thing to do is ignore your stop. Why? Again, the market is at it’s most volatile during that open, and more times than not the first few moves are not indicative of what’s going to happen for the course of the day. Even if it is, we usually see a decent bounce once the initial move takes place.

In other words, let’s use an example. You buy XYZ on Friday. You pay 20 for it. But Friday night it closes at just 20.02. You had set a tight stop at 19.70 . So, Monday morning we see the market’s in a bit of a funk, the futures are a bit red, and sure enough XYZ opens at 19.70 and starts inching lower. In 5 minutes it’s 19.60. If you honored your stop, you just lost 30 cents.

Now let’s say it’s going to be a bad day. After trading down to 19.60 XYZ bounces and gets to 19.90 but then starts fading. The market is soggy. It’s now 10:10 am and XYZ is sliding back down. If it hits 19.70 we’d take it off the table and bail. Yes, you took a loss, but it’s just 30 cents and at the end of the day GLXX is at 19.50. You did well.

Now let’s say that instead it’s the kind of day where the morning’s funk wears off. Again, you bought at 20 its opening at 19.70 it trades down to 19.65 and then “levels out”. By 10:10 the market is perking up. The DOW just went green. The NASDAQ is perking up. XYZ is now 19.85 and inching higher. You hold it and find that when the final bell rings, XYZ is at 20.15. You won.

The key was to not get stopped out at the open in either case. When a market opens sour and we’re already underwater at the opening bell, we take the mechanical stops off. We want to see if it’s really going to be a bad day, or if it’s just morning funk, and you cannnot know that until some time passes. Certainly you don’t want this to get out of hand! We mean if it opens at your stop and then ten minutes later it’s down to say 19.40, we’d probably sell the first meaningful bounce and wonder what the heck went wrong! But you understand what we are saying. We rarely if ever will sell out at the open. You can usually “do better” by waiting for a bounce, and there’s always a bounce. If the bounce holds and the market is warming, chances are you’ll end up back in the green or at least, down just pennies. It’s not easy to watch, but getting taken out on a gap down will usually find yourself kicking yourself.

Its also great you have a lot of time, but regardless if you had one week, or one century, the worst mistake you could make would be jumping in with real money first. You'd have more fun lighting the money on fire and having the same result. Practice, paper-trade, play accounts, do it once and beat out the indexes and inflation, and you're off to a great start. Do it again, and again, and again. Read everything you can about which ever investment you decide upon, or your $1000 will be tuition for the markets and what you learn. Trust me, ask any trader and the majority jumped right in with real money, lost it all, and learned what they could have learned without losing the money. Don't believe the hype and scams about "stock systems." Develop your own, formulate your own rules, and live and die by them.

But back to your request for advice, to sum it up. Practice with play accounts/demo accounts/paper-trade over and over again until you are 100% comfortable and have a good understanding of what it is you are investing in. That is the easiest and best way to get into online investing. Google search for some FOREX play accounts, these sites usually also have options for real accounts when you're ready with great leverage, 100:1, even 200:1 I can recall seeing.

Best of luck.

The Foreign Exchange market (Forex) is truly the largest exchange in the world. The amount of dollars traded on the Forex market on a daily basis is in the trillions. Most of this currency trading takes place between between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. However, individual traders are starting to get in the mix, using internet discount brokers such as Etrade to participate in the currency exchange market.

There is no central exchange or meeting place for the Forex. All trading is done over computer networks between traders in different parts of the world. Also, unlike the stock market, the foreign exchange market is open 24 hours per day, because it is a global market. A trader in Hong Kong may be exchanging currency with a trader in Australia while an American trader is sleeping.

There are several different markets within the Forex exchange system. First, there is the spot market. The spot market deals with trades that are based on the current values of currencies. One person trades a certain amount of currency with another trader in exchange for an equivalent amount of a different foreign currency. Spot trades take two days for settlement.

The other two types of foreign exchange markets are the forward and futures markets. In the forward market, the buyer and seller agree on an exchange rate and a transaction date is set for a specific time in the future, at which point the trade is executed regardless of what the rates are at that time. On the futures market, futures contracts are bought and sold based upon a standard contract size and maturity date. Futures trades take place on public commodities markets.

A currency quote is listed differently from a stock quote. Stocks are quoted in terms of price per share. Currency exchange prices are listed as either a direct quote or an indirect quote. A direct quote uses the domestic currency as the base and the foreign currency as the quote. An indirect quote works the exact opposite way.

So, if you were to view a quote in an American newspaper that said USD/JPY = 75, that would be a direct quote and would mean that $1 of U.S. currency is equal to 75 Japanese yen. If that same quote appeared in that same American newspaper and was listed as JPY/USD = 0.013, that would be an example of an indirect quote.

As with stock prices, currency exchange prices have a bid and ask spread. The current bid is the amount of foreign currency that someone is willing to spend in order to buy $1 U.S. base currency. The ask is the amount of foreign currency that someone is demanding in order to be willing to sell $1 U.S. base currency.

The Forex markets are generally considered to be less volatile than then stock market because within the course of a trading day, it is highly unlikely for the value of a single currency to move all that much. With equities, it is not uncommon for a trader to buy a stock, and then a negative press release causes the stock to lose considerable value within a day or even a couple of hours. Sometimes, however, the Forex can be volatile. If there is a significant economic or political development with a certain country, the currency of that country can lose value quickly.

There is a higher degree of liquidity on the currency exchange then there is on the stock exchange because the currency exchange is open 24 hours per day and because the very nature of currency exchange is to bet on when certain currencies will go up or down; so, it is easy to sell your position in a certain currency even when the value of that money is going down. A plummeting stock is more difficult to unload, but not impossible.

If you want to begin currency tranding, try to set aside some money and open an account with an online broker. Start slowly, then as you get the hang of it, work your way up to larger trades and higher volume. However, do not gamble your nest egg on currency trading because inexperienced traders can lose everything they have rather quickly in spite of the relative safety of the Forex market.

Thanks

There are no real "best" contracts it depends on:

1. Contract specifications – how much is 1 tick, what's the typical range, can you 'afford' to trade the contract based on your account and trading system rules (margin, position size, stops etc.)

2. Your trading style and preferences, such as speed of instrument movement.

3. Whether your edge will work on that contract, not all edges make money in all markets/instruments.

People make, and lose, money in any of the contracts.

I suggest you try 1 at a time, for 3 months at least, and then at the end of a year or two you'll (hopefully) be able to know the answer to the 3 points above.

I guess my question is- is day trading a profitable, long-term, occupation? As a previous poker player, who's had to rely on logic, expected values, math, and so forth; will his skill sets give him a leg up? At 27, is this an ideal career option?

Day Trading is much more than gambling, in fact holding for the long term is real gambling, you have a paper profit that may or may not be there when you are ready to sell. A good day trader is well informed, a studier of the markets, understands risk and that he hasn't made money when something has gone up, but when he has closed out the trade. Every Day Trader should read "REMINISCENCES OF A STOCK OPERATOR". He should also learn Technical analysis. This is the indicator to help find stocks that may have breakouts. He must also follow the news on several companies. It is not easy, but can be lucrative.

Is forex as risky as everyone thinks? One way to measure risk is to compare a financial product’s risk relative to its return. If you take the time to compare an investment in forex to common investments such as equities and fixed income, you will find that from a risk/reward standpoint, forex investments provide respectable returns and should be considered viable portfolio diversification tools.

The spot forex market is unique to any other market in the world, as trading is available 24-hours a day. Somewhere around the world, a financial center is open for business, and banks and other institutions exchange currencies, every hour of the day and night with generally only minor gaps on the weekend. Essentially foreign exchange markets follow the sun around the world, giving traders the flexibility of determining their trading day.

Although forex trading can lead to very profitable results, there are risks involved. When it comes to trading forex, you’ll need to worry about exchange rate risks, interest rate risks, credit risks, and country risks – things you may not consider when trading stocks.

The foreign exchange market is unique in that central banks intervene from time to time to affect the price movements of their respective currencies. On the surface, this may disturb those who use fundamentals to make investment decisions, trusting that the “invisible hand” guiding free-market behavior is not being manipulated. However, it has been proven time and again that central banks can only influence currency values for short periods; over time, the markets adjust to the changes. This leads to the formation of trends, which your trend-following strategies will help you trade.

Since most currency trading is short-term in nature, speculators can cause erratic fluctuations in the exchange rates. So, when considering trading currencies, you cannot ignore fundamental factors. These include relative interest rates, economic stability, political stability, and relative trade deficit/surplus.

These fundamentals or market forces should be strong enough to initiate the formation of discernible trends in order for you to apply profitable technical trading strategies. Further, the length of the trends needs to be sufficient for you to recognize them and be able to take advantage of market swings.

Of the more than one trillion dollars a day transacted in the foreign exchange markets, an estimated 95% comes from speculative trading. While large international banks are responsible for the majority of this volume, there are retail investors all over the globe trading forex on a daily basis.

Without a doubt, investors in the US are behind the curve with regard to learning about and participating in this market. Active equity and futures traders who appreciate liquidity, strong technical indicators, and a multitude of short-term trading opportunities will find the forex market especially appealing.

But at the very least, trading the foreign exchange market deserves serious consideration as a diversification strategy in anyone’s portfolio.

The foreign exchange market is the largest and oldest financial market in the world. It is the biggest and most liquid market in the world, and it is traded mainly through the 24 hour-a-day interbank currency market – the primary market for currencies. The forex market is a cash (or ’spot’) interbank market. By comparison, the currency futures market is only 1% as big.

Foreign exchange simply means the buying of one currency and selling another at the same time. In other words, the currency of one country is exchanged for those of another. The currencies of the world are on a floating exchange rate, and are always traded in pairs: Euro/Dollar, Dollar/Yen, etc. In excess of 85 percent of all daily transactions involve trading of the major currencies: Australian Dollar, British Pound, Canadian Dollar, Japanese Yen, Swiss Franc, and the U.S. Dollar.

Unlike the futures and stock markets, trading of currencies is not centralized on an exchange. Forex literally follows the sun around the world. Trading moves from major banking centres of the U.S. to Australia and New Zealand, to the Far East, to Europe and finally back to the U.S.

In the past, the forex interbank market was not available to small speculators due to the large minimum transaction sizes and often-stringent financial requirements. Banks, major currency dealers and the occasional huge speculator used to be the principal dealers. Only they were able to take advantage of the currency market’s fantastic liquidity and strong trending nature of many of the world’s primary currency exchange rates.

Today, foreign exchange market maker brokers such as FX Solutions are able to break down the larger sized inter-bank units, and offer small traders the opportunity to buy or sell any number of these smaller units (lots). These brokers give virtually any size trader, including individual speculators or smaller companies, the option to trade the same rates and price movements as the large players who once dominated the market. Market makers quote buying and selling rates for currencies, and they profit on the difference between their buying and selling rates.

Forex trading has enjoyed exponential growth and widespread popularity over the past few years. It is only now that online foreign exchange trading is starting to get noticed. Until recently, large international banks were the big dogs in the foreign exchange market, selectively allowing access via telephone trading to Fortune 1000 companies, large funds, high-net worth individuals, etc.

But now, there are online trading firms that provide individual traders like you and I with direct access to the largest, most liquid financial market in the world. A lot of traders seem oblivious to this market. This unfamiliarity is the root cause of misconceptions about this exciting market.

Spot foreign exchange is the ideal market for active trading – more leverage than equities/futures/options. The market is highly volatile, has a tendency to trend strongly, and actively trades 24 hours per day. There are no limitations on when one can short a currency. Currency traders can make money when a currency is becoming stronger or weaker.

Another advantages of forex trading:
– Large returns – Currencies trend well – There are no commissions. Overall, FX has much lower transaction costs than equities or futures – an important point for active traders. – The forex is a very efficient market – High leverage: Each pip is worth US$10 – There is lots of movement in this market – You can trade 24X5 from home or anywhere – Little capital is required, as little as US$500 – You can easily start out by taking 20 pips a day – You can trade whether you have a day job or not – You can hedge. Not all market makers allow this – All you need is an Internet connection; charting/dealing software is free – This is real-time trading; 2.5 – 4 second response time; rare re-quotes – Low lot size: 100 to one ratio; US$100 controls US$10,000 (1,000 = 100,000) – Traders benefit from the ability to respond to breaking news immediately, day and night. – More than one trillion dollars are traded every day in the FX market. The sheer volume of this market helps ensure price stability, as well as less gapping and price slippage. – Normal bid/ask spreads are five pips or less, much tighter than a typical stock transaction. – No uptick rule. It’s easy to establish both short and long positions. – Firms offer traders a 2% margin, compared to a 50% margin for equity markets.

Several common misconceptions of forex trading:
– Forex has a higher risk component than other investment alternatives. (It doesn’t.) – Technical analysis does not translate well into forex. (It does.) – Fundamental analysis is ineffective due to central bank intervention. (Fundamental analysis is very effective.)

So, what are you waiting now?