First and foremost , a new e-mini day trader should check out and choose a well documented and profitable day trading method . This is not necessarily an easy job , because there are an array of day trading systems and some are priced unbelievably high. Spending time on some of the trading chat boards and inquiring about the quality of various trading systems is a wonderful way to get some feedback on which course is considered successful . Even then, you may need to examine each recommended course and interview the owner of the course. Some imperative questions to ask might be:

1. What are the proprietors credentials and trading experience that qualify him or her to instruct others on trading styles ?

2. What is the general success rate for past novice traders of his or her of course?

3. What is the cost of the course and are there continuing charges to remain an active member?

4. Will the course require the new trader to buy proprietary software to trade with the particular system being marketed ?

5. What is the length of time it takes from the onset of the course until a trader can profitably trade e-mini contracts?

There are many trading systems that debate the merit of demo accounts, I highly recommend them. The trouble most individuals have with e-mini day trading demo accounts is that they are inclined to not remain faithful to the trading system they have spent time learning . They generally over trade or develope ideas they have that are not based upon sound methodology. This can result in unsound habits which may carry over to trading with actual money. The solution to this dilemma is an easy one; you should require the trader to trade the demo account exactly as you trade your live account, that is, the account you plan to trade with actual money.

Time tested and profitable methodology and a a great amount of successful practice time on a demo account is an superb method to prepare a potential e-mini day trader to trade successfully and profitably. It is paramount to have a plan before you embark on a career to trade. As I stated at the onset of this essay , day trading e-mini contracts lacking preparation will almost always cause failure and loss of your capital.

Related posts:

1. E-mini Day Trading: Techniques to Learn

Now, market are ruled by extreme volatility as that shown on 6th May 2010 when the DOW JONES crumbled 1000 points and than made a return by the end of the day. New stock trading strategies are needed. In his free report, The PARALYSIS OF ANALYSIS Paul Lemal shows you those news stock selection and market timing strategies that can give explosive returns:

** Why it is crucial for you to understand the DNA of a stock and how it can make a difference between 300% return and 30% return .

** How you can avoid exiting a trade too early and at the same time avoid overstaying your welcome by the market  .

** Little clues that can tell you a lot about the stock fundamentals .

Master killer stock selection and stock market timing strategies with this two FREE Stock Momentum Trading Reports-The Triton Convergence and the Paralysis of Analysis. Watch this weird 30 minutes Stock Trading video. Turn $200 into $100K in just 1 month with this FREE Penny Stock Trading Report that shows how to find killer penny stocks! Momentum trading is the name of the game. In momentum trading, you look for stocks that are about to make monster move in the market. What you need to do is to find those killer stocks on the verge of making a massive breakout either upside or downside and then capitalize on that. This method works!

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1. Best Penny Stock – Choosing Where To Invest Your Money In
2. Stock Investing-Discovering The Best Sectors To Invest
3. Using Risk – Contemplating Taking Way Too Many Risks In Your Stock Portfolio?

Here’s a quick, easy burst of information, to help you start to get to grips with penny stocks. Hopefully this will give you some pointers for further exploration and research, rather than a definitive understanding.

Defining Penny Shares

Penny shares are the well known name, for what’s more formally known as a micro cap equity. In its simplest terms, it’s an inexpensive stock, a share which trades at a lower worth than blue chip, high cap items.

Get more info at penny stocks psychic.

In the United States the SEC define a micro cap equity as a share which trades at a unit value of less than $5.00. That is an official definition, however there are different, looser definitions, which are utilized by investors and penny stock brokers, depending on their place throughout the penny stock market.

In case you are speaking to a broker or investor about penny stocks, they may very well be speaking about shares where the value, per unit, is lower than a fraction of a cent. You might also be taking a look at stocks which are traded on more obscure markets, with caps of $25-$50 million, or less, relying on the definition applied.

Of course, you don’t have to be in the US, to be talking about penny shares, as they’ve parallels, all all over the world, where low-cost stocks and shares operate, in markets that help their trade. Top penny stocks can go on to be big name, blue chip shares, as a company grows and the markets they trade on can change, over time.

Because the definitions used are reasonably versatile, in lots of circumstances you’ll typically discover that there are some contradictions to be found, in the way that these shares are defined. For instance, you may have shares that trade in obscure markets, with high unit costs. Similarly it’s possible you’ll discover companies with high market caps, buying and selling at costs well under $5.00 per share.

What Markets Trade Penny Stocks?

Penny shares may be traded on all kinds of markets. In the United States, this will mean anything from the NYSE and NASDAQ to the OTC-BB and Pink Sheets. Penny Shares are more likely to be found on the OTC-BB and Pink Sheets, because the larger exchanges are likely to concentrate on higher market cap companies.

Small cap shares are usually found where the rules and fees for exchange listing are lower. The Pink Sheets have fewer restrictions than the OTC-BB, so you’ll discover them in greatest numbers there. You’ll discover that some brokers desire to not deal with the Pink Sheets, however you’ll discover loads of OTC-BB Brokers, with a complete record of OTC shares available.

This should be enough to get you started but be aware that trading these shares will take further reading and implementation if you intend to become an active trader. There can of course be a lot of risk involved and you should be following a proven system if you hope to make it work.

Also visit http://pennystockspsychic.org/

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1. Best Penny Stock – Choosing Where To Invest Your Money In
2. Are Penny Stocks a Sound Investment?
3. Using Risk – Contemplating Taking Way Too Many Risks In Your Stock Portfolio?

Wheat Market Review Report for 7/26/2010

September Wheat finished down 6 3/4 at 589 1/2, 6 3/4 off the high and 5 up from the low. December Wheat closed down 6 1/4 at 621. This was 5 1/4 up from the low and 6 off the high.

December wheat traded lower today following a lower start in Europe. Traders said that the negative weather situation in Europe and the Black Sea region remains in place with the exception of cooler weather in Kazakhstan, but one analyst noted that this is no longer fresh news. Traders said that the lower start in Europe generated profit taking in Chicago, but they noted that losses may have been limited today by a lower dollar. Chicago wheat lost ground to KC wheat in the December contracts today, but Chicago mainly kept pace with losses in the December Minneapolis contract. This week’s export inspections for wheat were 15.409 million bushels, down from 23.512 million last week. Inspections need to average 19.491 million bushels each week to reach the USDA’s export projection for the 2010/11 marketing year.

December Oats closed down 2 1/2 at 262 1/4. This was 5 3/4 up from the low and 4 1/4 off the high.

Soybean Complex Market Commentary for 7/26/2010

August Soybeans finished down 18 3/4 at 998 1/4, 17 1/4 off the high and 4 up from the low. November Soybeans closed down 15 1/2 at 966. This was 5 up from the low and 15 3/4 off the high.

August Soymeal closed down 6.7 at 293.2. This was 1.4 up from the low and 6.4 off the high.

August Soybean Oil finished down 0.27 at 38.8, 0.39 off the high and 0.13 up from the low.

November soybeans closed sharply lower on the session and closed at the lowest level since July 14th as a less threatening weather outlook and talk of steady to improving crop conditions helped to pressure. Meal also traded substantially lower on the day, posting a significant loss versus soybean oil in the process. Traders said that today’s weakness stemmed from a favorable weather forecast and ideas that the US soybean crop may have remained steady or slightly improved in quality over the past week. Last week’s good-to-excellent rating in soybeans stood at 67%. Traders noted that the market shrugged of potential support from a lower dollar and a fresh sale of soybeans to China. The USDA announced this morning that 226,000 tonnes of US soybeans were sold to China for delivery during the 2010/11 crop marketing year. This week’s export inspections for soybeans were 6.595 million bushels, down from 9.667 million last week. Inspections need to average 12.105 million bushels each week to reach the USDA’s export projection for the current marketing year.

Corn Market Commentary for 7/26/2010

September Corn finished down 7 1/4 at 364, 7 3/4 off the high and 2 1/4 up from the low. December Corn closed down 6 1/2 at 378. This was 2 1/4 up from the low and 7 1/2 off the high.

December corn moved below its 100-day moving average overnight for the second trading session in a row before extending its losses into the day session. This was followed by another minor new low for the day in early afternoon. December corn traded at its lowest level since July 1st today with traders crediting the losses to an improved weather outlook for the US corn crop. This included ideas that last week’s weather was more favorable than initially expected, and traders are looking for today’s Crop Progress report from the USDA to show the good-to-excellent quality rating of the US corn crop to be unchanged to slightly higher than last week. Last week’s good-to-excellent rating was 72%. This week’s export inspections for corn were 42.421 million bushels, up from 40.760 million last week. Inspections need to average 50.785 million bushels each week for the remainder of the 2009/10 crop marketing year in order to meet the USDA’s current export projection.

September Rice finished down 0.105 at 10.17, 0.13 off the high and equal to the low.

After reading ï»¿today’s recap,traders might want to take a peek at the commercial traders momentum.  The Commercial Trader momentum can be tracked by using the Commodity Futures Trading Commission Commitment of Traders reports.  Our idea is that, in a value driven commodity futures market no one knows fair value like the people who produce it or, have to use it.  In fact, it is precisely their sense of value that provides the commodity market’s rhythmic meanderings that swing traders love so much.  Let’s face it, producers know when their product is overvalue and it should be sold just as well as end line users know when they should be stocking up at low prices.  Therefore, trader should be able to incorporate this valuable information into their future market education.

The daily commentaries provide a review of each commodity’s traded price activity, an analysis of the factors that influenced price activity, a summary of any reports released that day, and a look ahead at the schedule for the next day.  CME Group provides market commentaries for corn, wheat, soybeans, gold and silver.   The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

Andy Waldock circulates this blog.  Andy Waldock is a financial advisor, broker, asset manager, trader, and analystfor Commodity & Derivative Advisors, located in Sandusky, Ohio.  Therefore, Andy Waldock may have positions for himself, his customers, or his family in any commodity future market discussed. The blog is meant for educational purposes and to develop a dialogue among those with an interest in the commodity future markets. The commodity markets employ a high degree of leverage and commodity trading  may not be advisable for all investors.  There is considerable risk in investing in commodity futures.  If you are interested in reading other published articles, commenting  on his writings or subscribing to Andy’s blog, please visit http://blog.commodityandderivativeadv.com, or if you have any questions, please call 1-866-990-0777.

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First and foremost , the majorioty of traders traders should concentrate on the chart price movementt . It is crucial to identify areas of primary and secondary support and resistance. While many traders ignore the price movement and stick with trading primarily with indicators and oscillators, they are ignoring the most helpful primary indicator, the price of the e-mini contract being traded.

Oscillators and indicators are another crucial tool in the e-mini day trader’s trading skill set . But often traders are inclined to use too many oscillators and indicators and find themselves with too much info to understand . I advocate using two or three oscillators to substantiate the price movement noticed on the chart. In my trading, the commodity channel index is of prime importance and a very exact indicator of both market noise and potential trade set-ups . My secondary indicator is the slow stochastic, which I alter with some untraditional settings. With the commodity channel index as my primary indicator, I use the slow stochastic to confirm potential trades shown by the commodity channel index. It’s really simple stuff, but it all is initiated with observing the price movement on the chart.

I trade mainly with the trend, as countertrend trades can often be very low probability trades. This is a very difficult technique for many beginning traders to learn , as the oscillators and indicators often show very tantalizing trades against the trend. Learning to maintain the discipline to avoid these counter trend trades is a definite skill to be learned. Which is not to infer that all countertrend trades are always losing trades, but probability proscribes that a greater number of countertrend trades are losing trades. As you can see, probability is an important component for all traders to utilize . You will not be able to take every profitable trade, but should be able to pick out enough potentially profitable trades to profit handsomely.

As an aside, I also employ the NYSE tick indicator. This is a phenomenal indicator, and is a set up for the sole countertrend trade I utilize . Oddly enough, it seems the NYSE tick is a lightly utilised indicator for most traders, yet it is one of the most effective indicators and supplies a wealth of information for traders who are trading the financial index e-mini contracts.

All of these techniques are part of the E-Mini Trading Professor System. The system is designed primarily for beginning traders and traders who would like a fresh start on their current system. Often times, e-mini day trading systems vary in technique and some systems resonate more intelligibly for traders than others. The E-Mini Trading Professor System is a comparatively simple system that can be mastered with diligent study and practice on a demo account.

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1. How do You Learn to Day Trade E-mini Contracts?

People need income. Each of us all work hard for the funds we obtain, several people today tend to turn around and have their cash work for them. Probably the best way to do this will be by investing the income into some kind of investments so that the income could get bigger. You will discover lots of unique techniques that you may put your cash to perform for you, but it’s vital to complete a couple of elements to make sure the very best conceivable end result. Retain these basic steps in mind if you want to succeed at all of your wealth creation efforts.

Probably the initial thing that you must do, no matter what, is research the various investments selections that are available for you. You are able to easily investigate various topics on the internet, such as the best and worst investments of 2010. By simply exploring on the web, you’ll find which options are earning the a large amount of return and which opportunities that you need to avoid by any means. There are websites which describe several benefits and disadvantages to many unique tactics, and just how you are able to break into the arena. Be certain to take notes during this stage so you can return and compare factors down the road.

The next thing that you should consider when you’re taking a look at investments is asking inquiries. Since the financial industry is often baffling, it is beneficial you get responses to all your inquiries before starting the operation. Having a specialist working for you might make the difference on earth with regards to determing the best strategies to making money. Having the capacity to ask these questions will also save you from making pricey blunders someplace down the road too.

Finally, it is vital you certainly not make any investing choices with just fifty percent of the info that you actually need. There are actually a lot of options and each of them might be baffling. Be certain that when you really take that last move, you do this with all of the knowledge of what you will be carrying out. Making a knowledgeable judgment will make the process simpler and can help you rest straightforward during the night. No sleep deprived evenings will bother you should you be sure about the picks that you’re making.

Regardless of what you eventually decide to do, make certain to follow these tips to invest prudently. The very last thing that you need here in time would be to throw money away rather than making it. Maintaining these elements in mind will help you invest with no difficulties, but overlooking these helpful hints can only make your economic worries greater. In the end, take heed of this information and find out just how large you may make your money increase.

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The Greatest Investment for Doubtful periods
We all haven’t observed economical anxiety as substantial as we have for countless decades.  Gold is quite simply the very most desirable safe-keeping device for money regardless of whether the earth was to break up into political and monetary chaos.  For 1000′s of decades Gold has been the standard of riches through the earth, and will certainly continue to be for thousands of years in the foreseeable future.

Gold is Far more than a Safe Haven of wealth
In contrast to many assets which have a tendency to have fundamental value in an intangible way such as fiat money, Gold isn’t just a storage of riches, but additionally a commodity that is vital in a spectrum of goods from desktops, to automobiles, to necklaces, to the production process of a variety of technological innovations.  This indicates that the interest for gold is numerous and varied.

Easy to invest in
Gold is not hard to buy.  People can purchase actual physical gold coins or bullion and store them in a bank box, or you are able to invest in eft’s, Gold bullion stocks, or undelivered gold bullion.  The convenience of the obtaining and selling method makes the asset much much more liquid, and thus much less difficult to get rid of if you ever desire to transfer it to money.

A lot of portfolios should have in between ten-15% invested in the yellow metal.  Don’t go overboard simply because that can place a damper on your investment portfolios growth.

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3. Gold Trade

Chilean government plans to increase investment in lithium mining exploration sector by opening up opportunities for foreign companies to invest in lithium mine in Chile.

Lithium mine in Chile included a strategic resource, so closed to foreign companies to participate in exploration activities lithium mine in Chile. Therefore, the Chilean government will send to Congress a proposal that lithium mining exploration in Chile can be done by foreign companies.

Chilean government also held talks with lithium industry representatives to discuss the government proposal.

Mining Minister Laurence Golborne said “Opening up exploitation has advantages for any industry. The government will meet with industry participants who have raised “objections” to the plan”

Development of mining exploration projects being conducted by the Nevade government and lithium mining companies. Lithium mine expansion and development is expected to lift the economic development around the mining area. One of the areas are targeted by lithium mine development is Esmeralda County. This area has the potential to be explored lithium mine in sufficient quantity lots. Chemetall Foote is one of the mine operator who has conducted exploration in the Silver Peak mine lithium. Nevada project is part of the expansion of U.S. $ 56,800,000 by Chemetall Foote’s parent company, Rockwood Holdings Inc.

Rockwood Holdings, Inc. has announced that its Chemetall Foote subsidiary has begun expansion of its lithium production operation in Silver Peak, Nevada. The project is funded in part by a $28.4 million grant from the U.S. Department of Energy to expand and upgrade the production of lithium materials for advanced transportation batteries.

The Chemetall Foote operation, which is the only operating domestic lithium resource in the US, extracts lithium salts by brine evaporation in the Clayton Valley. The brine is pumped from salt-rich aquifers beneath the desert and evaporated in large ponds on the desert surface.

American Lithium Minerals, Inc. is pleased to announce that Japan Oil, Gas and Metals National Corporation (JOGMEC) has agreed to invest $4,000,000 in the Borate Hills Project to be a Joint Venture Partner in the Project. The OGMEC investment will be instrumental in advancing the Borate Hills Project through the economic pre-feasibility stage.

Stated Mr. Hugh Aird, CEO of American Lithium Minerals, “We welcome JOGMEC as an experienced and strategic partner for the verification process of the Borate Hills Project.”

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Does this make any sense whatsoever?

What does this have to do with the ultimate gold trade?  Plenty, but we need to develop some background first.

Most good investment ideas are really rather simple, yet many investors get lost in the day-to-day ups and downs of the markets.  Would you like to utilize an investment strategy that could maximize your profit opportunities, minimize your risk, and take very little time or effort?

Would you believe that you could have invested in a decade-long strategy that could have been used to maximize your investment returns, produced gains far in excess of the average investor, and allowed you to spend virtually no time checking your investment returns?

If an investor had bought into the Japanese markets in the early eighties, had ridden all of the ups and downs, and then cashed out in 1990, the investment gains could have been fantastic.  That investor could have sold at the top of the Japanese craze, bought into technology stocks at just the right time in the early 1990s and, again, could have ridden them all the way to the top in the year 2000.  Again, the gains in that decade could have been truly spectacular. 

Since early in the year 2000, I have been advocating a different decade-long investment strategy, one that I believe has the potential to produce even greater returns than the examples from the 1980s and 1990s.  That strategy is to move largely out of paper assets . . . and into commodities.  I believe that commodities are now in a bull market and that this bull market could last ten years and perhaps longer.

The top-tier of all the commodity markets is money, real money—gold and silver!  During times of economic uncertainty and during the final days of currency destruction, gold and silver rise to the occasion; neither has failed the way every fiat currency throughout history has.

Right now some are having doubts about this precious metals bull market!  You must be made aware that it is the function of a bull market for the “bull” to shake off as many people as possible on the move up to the final climax. We who invest in precious metals are now experiencing one of those times.

However, had you invested in this sector when I was pounding the table in the year 2000, when the financial markets were inundated with the next great technology stock, you would now have the luxury of a large cushion of profits when these corrections take place.

Although the ride is tough, if you start at the beginning, it is easier to hold on to the bull. Is there still time to get into the precious metals? Yes, but few will be willing to jump onto the bull’s back, because the mainstream will be calling gold and silver dead.

The Ultimate Trade—plainly, Buy low hold on through all the dips and then –Sell High!

David Morgan

Mr. Morgan has followed the silver and gold market daily for over thirty years. Much of this Web site, www.silver-investor.com, is devoted to education about the precious metals.

You can get his Ten Rules of Silver Investing — click here

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1. Gold Investing Prospects
2. Think You’ve Missed the Gold Rush?
3. Why Gold should Still Be Considered as an Investment

Stage 1 –  Trading on Hearsay  . Most traders start and end their journey at this stage  . They act on hearsay and advice from ‘professionals’ and friends. These traders/investors do not understand money management or risk . They have probably never heard of a stop loss or a profit target and have certainly never thought about writing a trading plan. Instead they will pile their cash into a company because ‘Joe in accounts gave them a hot tip’ . Sadly these tips can not go on forever and the journey’s of these traders will invariably end in 1 of 2 ways. Most likely after a series of devastating losses, then will simply close their accounts and believing that trading is tantamount to gambling they will vow never to return to the markets. Those whose journey does not end at this point, will move quickly into Stage 2.

Stage 2 – Information overload and the holy grail. Those traders who do not give up at Stage 1 will likely enter into a wonderful and exciting stage of their journey. They will become learning sponges, absorbing every piece of trading literature they can find  . Their focus will be on finding trading systems that guarantee victory! They may even purchase a couple of systems (NO NO NO!!). They will skip from one system to the next constantly searching for the holy grail – that one system that delivers consistent profits. They will tweak settings on Stochastics and RSI  , each time thinking that they have found the holy grail  . They will have periods of success that makes them feel great. They will believe they have made until, until one day, their system simply stops working and they enter a period of losing trades. They will scratch their heads and maybe even tweak a few technical aspects of their systems. But the reality is,  it has now dawned on them that there is no such thing as the holy grail  . Despondent, many will now quit, convinced they have tried everything in their power in order to make money in the stock market. Those that don’t quit will move to a different and even more exciting  stage in their trading journey

Stage 3 – Profit and Loss (Large P/L and emotional swings). One day thinking you have made it, the next thinking that you have not. If a trader makes it this far, they have a great chance of going all the way . They now understand two great lessons. 1 do not listen to other people and 2, there is no such thing as the holy grail. Traders at stage 3, may now be developing the mind of a trader. They may already begin to understand the emotional and psychological aspects of trading and how vital these elements are. They will certainly have figured out what kind of trader they are (technical or fundamental, trader or investor, short and longer term) and they will now understand what is important in trading. They will likely enjoy sustained periods of success, only to be followed by depressing periods of drawdown. They will one day believe they understand how to make money, only for the next day to believe that they do not. This period of the trading journey can be a long and emotional one and requires significant perseverance and belief in one’s self. Few traders will actually give up at this point, many will continue to trade with a modicum of success. Perhaps it will become a hobby, that every now and then pays for a holiday or car insurance. It’s not a bad place to be. Traders at stage 3 are unlikely to lose all their money. But unless they move to Stage 4, they will not be able to take a shot at the title.

Stage 4 – Consistency. The early stages of being a consistent trader can be like sitting on a knife edge . There are periods when you suddenly believe you are back at Stage 3, a series of losses can still occur and you begin to doubt your ability and your system. This is not unusual, but most traders at Stage 4, will have begun to develop a traders mindset.  . It may be that they simply take time away from the markets, or they revert to low risk mechanical (technical) systems that can remove these emotions. They will totally understand that trading is a percentages game and that they only way of winning is by protecting their trading capital and by being disciplined in their approach. This Stage can last for years. Understanding and dealing with emotion can take many years. Until such time as wins and losses do not affect your mindset you will remain at this stage.

Stage 5 – Professional. These dudes are trading for living . They are sat in their home offices totally comfortable in their ability to make a living trading the financial markets. They have experienced periods of profitability and periods of loss and are agnostic to both. They accept that trading is simply about probability and being consistent in their approach of finding and trading edges. They will also likely have sizable trading accounts as they will be risking 1% or less on each position and looking to make 2-3% per trade.

Getting to Professional status is the dream of many (if not all) self-directed traders. Understanding the journey and the Stages in that journey will help us all to plot our paths to Stage 5.

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