best ways to make money trading

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Best Ways to Make Money Trading By www.ProfitableTradingTips.com

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Page 1: Best Ways to Make Money Trading

Best Ways to Make Money Trading

By www.ProfitableTradingTips.com

Page 2: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

What are the best ways to make

money trading?

Page 3: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

The first is to pick something that you

know about.

Page 4: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

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Before We Continue…

Page 5: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

The second is to develop a strategy.

Page 6: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

The third of our best ways to make

money trading is to develop the skill

set needed to buy and sell profitably in

a volatile market.

Page 7: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

What Do You Know About?

Page 8: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

If you work in the health care industry

you probably know about

pharmaceuticals and devices used to

treat ill people.

Page 9: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

If you work in import and export you

know about currencies and how their

values fluctuate.

Page 10: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

If you work in the auto, transportation

or restaurant industries you know

about the products and services

unique to that sector.

Page 11: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Pick what you know about as the first

of our best ways to make money

trading.

Page 12: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

What Is Your Approach Going

to Be?

Page 13: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

If you have a sound appreciation of

the fundamentals that drive stock

prices in a given sector your stock

trading strategy will likely be swing

trading.

Page 14: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Swing trading is when you buy and

sell a few day, weeks or months apart

to take advantage of market changes

based on movement of fundamentals.

Page 15: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Another approach is to trade the daily

fluctuations in the market which

commonly requires technical analysis

of market price patterns.

Page 16: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

In this case you do not care so much

about fundamentals as the herd

mentality of the market.

Page 17: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Learning How

Page 18: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Learning how to day trade is one of

the best ways to make money trading.

Page 19: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

In point of fact markets repeat

themselves.

Page 20: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

You can trade currencies in the Forex

market, stocks on the NYSE or

commodity futures on the COMEX.

Page 21: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

In each case there will be market

events that will drive prices up and

down in specific patterns.

Page 22: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Technical traders know that these

specific signals lead to specific end

results.

Page 23: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Traders learn specific signals, practice

them in simulation trading and use

them in trading stocks, commodities or

currencies that they know.

Page 24: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Technical cues such as Japanese

Candlestick signals are accurate in

various time frames from minutes to

hours to days to weeks.

Page 25: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

However, the best way to make

money trading with technical signals is

to stick to one time frame and typically

to use your knowledge of

fundamentals to verify the results of

your technical analysis.

Page 26: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Volatility Is Your Friend

Page 27: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Markets are eventually efficient. That

is to say, fundamentals will eventually

set prices of stocks, commodities and

currencies.

Page 28: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

However, in the short term markets

are inefficient and this is where profit

lies in trading.

Page 29: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

The last of our best ways to make

money trading is to look for volatile

markets.

Page 30: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Ideally you are doing this in a stock,

currency pair or commodity that you

are familiar with.

Page 31: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Long term investors use the concept

of intrinsic value to determine if a

stock will prosper over months and

years.

Page 32: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Technical traders use statistically

derived signals to predict very short

term market moves.

Page 33: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

In either case profits are best in

markets that are inefficient and

volatile.

Page 34: Best Ways to Make Money Trading

http://profitabletradingtips.com/trading-investing/best-ways-to-make-money-trading

Those who are the best prepared and

possess the highest skill set tend to

be the winners.