Tag Archives: Trading

Finance

How To Use Excel For Trading

Generating trade signals and managing existing trades are two typical uses of Excel. The everyday trader often just relies on his chart software or canned technical analysis newsletters. Building your own strategies in Excel can give you increased control, efficiency and trading profitability. There are a few things you need to learn, but overall the process is normally fairly smooth.

You should first ask yourself how you might use use Excel for trading. Will you just import prices and volume data into a spreadsheet? Do you intend to generate buy/sell signals? How about tracking positions, profits and losses in a spreadsheet? Do you have an existing trading software platform you’d like to integrate with? Would you consider building a complete Excel for trading system with VBA, formulas, price imports and other features?

Importing price and volume data is one way to implement Excel for trading. This is typically done through DDE links to an internal or external pricing database. DDE links are easy to use and do a good job of updating fast moving prices, but cannot handle huge volumes. Alternately, you can import price and volume data into Excel from the Internet using web queries directly from Excel’s Data from Web functionality. This is good for basic data capture of prices, volume, financial statements, etc. from Yahoo Finance, MSN Money Central, Quicken and other standard websites. Finally, you can import data into your spreadsheet using the Data from Other Sources function which allows you to use SQL Server, MS Analysis Services, XML files, and ODBC connections.

Using Excel for trading is highly dependent on data. Importing prices and fundamental data into Excel automatically is a great first step to implement Excel for trading. In fact, not much else can be achieved until you import data, so this is a basic foundation step. There are multiple ways to do this. DDE links can be used to import data from a data vendor. Your broker’s API can be used to connect to the actual prices your broker uses. Internal or vendor provided databases can be connected using SQL or web queries. How you implement the data import will have a lot to do with your strategy and the data types you want. For automated intraday trading with fast moving prices a DDE link is best. The Data from Other Sources function in Excel uses SQL Server, XML files or ODBC to connect to a database if you have one internally at your office or home. Web queries can work for end of day and fundamental quarterly type data. Economic data comes out infrequently so speed is not an issue.

Implementing Excel for trading requires planning your spreadsheet designs to put everything together correctly. The key things are having accurate and well tested formulas, and being able to find what you need when you need it. Multiple simpler spreadsheets linked together or a single large spreadsheet with multiple tabs are possible. You will likely have a mixture as you build out your spreadsheets. Keep in mind that it’s easier to manage small workbooks with fewer tabs and they take up less memory and run faster. The ideal approach is to design in a modular way with each spreadsheet for a specific purpose. Be careful of external links, however. These can break and slow things down, and are difficult to debug if you have a lot of them. Also, if your spreadsheets have more than 10,000 rows of data, charts, and multiple tabs together then they may slow down. It’s risky to have your whole trading workflow in one Excel file. Be sure to back up your files externally.

These ideas should help you get started using Excel for trading to improve your trade processes and increase profits with less risk.

Want to learn more about Excel for trading? Visit this site for a FREE GUIDE on building trading models in Excel.

Finance

How To Use Excel For Trading

Excel is widely used by hedge funds and professional traders to manage trades, calculate P&L, compute buy and sell signals, and much more. These capabilities are available to the average trader, many of whom already use charting software to help with their trade strategies, often with limited success. Including Excel in your trading workflow process can deliver high value in terms of profitability, discipline and consistency. There are a few things you need to learn, but it is achievable with a little effort and the benefits can be very significant to your bottom line.

One of the first considerations is how you will use Excel for trading. Will you be importing price data into a spreadsheet? Will you track your positions, profits, and losses there? Do you intend to integrate it with an existing trading platform? Do you want to develop a complete Excel for trading system with VBA, charts, order entry, and such?

There are a variety of functional options you can go with. Stock and futures watch lists are popular. These can be quite elaborate with multiple prices, colors, positions, profits, losses, etc. Real time or end of day P&L reports can be built to track your performance across trades. Tracking portfolio performance and attribution is another use. A trading log where you record your trade decision steps, emotions and results on each trade can help develop discipline and consistency. The main uses for Excel in trading include signal generation, risk and trade management. Many of these data points can be charted to provide a “one look” view.

Excel for trading depends on data. Once that’s imported, what will you do with the data? Good options are watch lists, blotters, P&L statements, portfolio trackers, trade logs and heat maps. These can be used for intraday or historical analysis, trading performance, risk and trade management. Analytics like delta, drawdown, maximum adverse excursion, maximum profit realized or stop loss points can be calculated and displayed. There are unlimited uses of Excel for trading so feel free to let your imagination flow.

Best practices of Excel for trading involve planning your spreadsheet workflows and relationships so everything works together correctly and you can find what you need when you need it. You have a choice here of building a multiple spreadsheet environment or creating a single workbook with lots of tabs. The prior approach is modular and tends to work well because each separate workbook is for a specific purpose, small, and easy to manage. The downside is you may need to manage lots of links and Excel links have a tendency to break and get corrupted. Big workbooks with lots of sheets can be useful in Excel for trading since you have everything in one place. However, Excel tends to bog down and the files get huge when you start using more than 10,000 rows of data, charts, and multiple tabs together. It can also be a bit risky to have your whole daily trading operation in one file. Just make sure you back up your files in an external location every day!

Hopefully these concepts will be useful in kick starting your Excel for trading.

Want to learn more about Excel for trading? Visit this site for a FREE GUIDE on building trading models in Excel.

Finance

Learn How Stock Trading Can Help With Financial Freedom With A Las Vegas Stock Trading Class

When it comes to investors who have little experience or knowledge, classrooms and educational programs can make a world of difference. With the best stock trading classes Las Vegas has to offer, much can be learned. Ensuring that your efforts are able to be met with a greater degree of success is never a matter that should be taken lightly.

The financial markets where trades take place are very complex. Without the right resources, understanding your investment decisions and discovering the most valuable opportunities can be a far greater challenge. Programs that are designed to provide novice investors with an easier and more effective way to learn can be a very valuable resource.

Learning about financial markets and investment opportunities may make a great deal of difference in terms of your future efforts. Poor investment decisions and missed opportunities can prove to be very expensive missteps. Possessing a better understanding of how stocks are traded may keep you from making many of the most common mistakes.

With plenty of resources and educational options to choose from, selecting the right option may seem difficult. Discovering the best options often requires you to conduct a little research. Comparing different programs and learning more about any classrooms or courses you may be considering will help to ensure the right choice is able to be made.

Enrolling in a class that teaches everything from basic information to complex theory can provide investors with a superior understanding. Poorly made investment decisions are not a misstep that should be treated lightly. Lacking insight into the markets could leave your investment at greater risk than you may have realized.

For those seeking quick and easy ways to learn about future investment opportunities, the right class is often an important resource. Programs that teach novice investors basic and advanced techniques could make a substantial difference in your efforts to create a brighter future. Learning how to trade stocks could be easier than you might have expected.

Find details about the advantages you get when you attend stock trading classes Las Vegas area and more information about the MacdMastery training course at http://www.macdmastery.com now.

Finance

Las Vegas Stock Trading Classes Eliminate The Hassle Of Learning Stock Trading

Investing in stocks can help you generate more wealth and get ready for a stable and strong financial future. Before you get started, however, you may want to take advantage of the stock trading classes Las Vegas businesses provide. This will help you to devise investment strategies that are low in risk and high in profit potential.

Stocks allow you to purchase shares of developed businesses. When these companies gain value, your stock will rise in value as well. This makes it important to look for investment opportunities with companies that are primed to succeed.

It can be challenging for new traders to determine how companies will perform over a long period of type. They will need to carefully analyze important data and background information on businesses. Solid research is a vital part of making sound and profitable investment decisions.

Risk tolerance is something that you will learn more about in class. This determines how well you can tolerate the risk of loss in terms of your finances and your emotions. If this tolerance happens to be very low, you will often end up making choices due to fluctuations in stock prices that cut your profits short or that may even create loss.

Learning how to allocate your assets wisely is vital as well. This is how you choose to split your investment monies over different funding instruments or markets. It can help you limit risk, given that diversification can prevent any single event or action from devastating your finances.

Learning how to spot effective research and investment tools is one of the many things that you will do when taking these courses. These things can assist you in the creation of investment goals and plans. Good planning will lead to success in both your short and long-term trading goals.

Find an overview of the advantages of attending stock trading classes Las Vegas area and more information about the MacdMastery training course at http://www.macdmastery.com now.

Finance

Stock Trading Classes Las Vegas Provide Locals With Trading Strategies

Working in the stock market can prove rewarding for many traders. This is especially true among those who are knowledgeable about the ins and outs of the market and able to navigate it. Those who have interest in this occupation or industry are encouraged to get training and information through educational resources. This includes stock trading classes Las Vegas, which are available to locals who want to become involved.

Courses might be offered through many different sources. People should look into local sources to compare ratings and reviews, prices and lessons. Experience is beneficial and important, but knowing the fundamentals can also be important to success.

Individuals are encouraged to figure out what role they want to have in this industry. Traders may be hedgers, speculators, investors, arbitrageurs or agents. These things may involve knowing different practices and information to being successful. Some of the results of trading are left to chance, but that does not mean that proper techniques and strategy are useless. In fact, this often what separates the successful traders from the non-successful ones.

Topics covered by these classes will differ. People who are just beginning in this should look into starter courses that tackle the basics of this process. It is essential to know and understand how the market functions in order to be successful at working within it.

Not one technique is successful for all. Still, there are some strategies that are known to be more effective. The job itself comes with ups and downs. Uncertainties are to be expected, as the market can be hard to predict.

Cost for these classes will vary. In addition to these educational courses, there are also many helpful online, and offline, resources available. People should always check the information they are given against multiple sources before accepting it to be true. What works for some may not work for others and so it is always a gamble. The best thing a trader can do is be knowledgeable about the stock exchange, market, investors and basic trading principles.

Find a summary of the benefits you get when you attend stock trading classes Las Vegas area and more information about the MacdMastery training course at http://www.macdmastery.com now.

Finance

Why Are Technical Charts Important In Finance Trading

The currency of the world is bought and sold in the market called Forex. It ordered to be a success at this market you have to know the indicators that show you what’s going on at any time. These indicators are so vital and are not to be neglected or you will lose money.

Someone who looks at a graph of the Forex market should be able to determine a few things. They will know if the particular currency pair is going up in price, down in price or moving sideways. This information will tell you should listen to buy or sell and is the best forex trading system. Even if you make the right decision, you will not always be right. There will be times when you will lose money. This is just the cost of doing business in this market. No one is 100% successful also time. The good thing is you’ll be successful 70 to 80% of the time if you are a skilled trader. This is only if you know what you’re doing.

If you will be successful for you must know how to read graphs or charts. This will be one of the first things you will learn. If you put in the time to learn it, you will eventually become very successful at it. You just have to realize that these tools are so vital that you cannot ignore them. There are also many other things to learn too. If you’re willing to put in the time and the effort to learn these things and take advantage of forex trading tips the you will be very successful. It can take quite a while to learn these things. Some people take years before they master it, but that’s okay as long as you master it. Once you master it fully, you will be a success and will make money at it.

Rhab Hendrik is an author who, when not trading forex, likes to write online forex tutorials. In his many articles you can learn forex trading.

Money

Making Money From CFD Trading

The topics of projected targets and entries for shorter term CFD trading are covered by two experienced traders, Stuart McPhee and David Jenyns.

David: We have been asked the question: ‘Do you use projected targets such as Fibonacci expansion to anticipate price projection?’

Stuart: No. I don’t like the idea of targets because of that whole idea of forecasting. It’s the idea of, I think the index will be at x in three months’ time. As a technical analyst, I want to identify high probability trading opportunities. There’s no certainty. If it only goes up x percent or if it goes up y percent which is a lot greater, then that’s just the way it happens. I’ve never tried to determine what that might be, I’ve just got mechanisms in place that when the price does certain things I get out when I have to, or I stay in.

David: There are points where you have control over the market. That’s obviously just when you get in and when you get out. What you do not have control over is what the market is going to do. By picking a point where you are going to get out, I feel as if you are trying to gain control over something you can have no control over. I like the idea of, you have to cut your losses short and let you profits run. Setting a price projection is not letting your profits run because you’re capping your price potential. For most people letting your profits run is more powerful, and that’s done by setting trailing stops.

The next part of the question is: ‘You talk much about the entry strategy on the medium to longer term trading but you didn’t really expand on the entries used for shorter term CFD trading. Could you please indicate these?’

Stuart: I focus on the medium term because it is a very simple methodology that everyone can understand.

David: When everybody’s new and starting out in trading they are somehow lured into CFD trading and trading the forex. People trade these exotic instruments because of the high chance of reward, forgetting that there is a high chance of risk as well. Unless you are successful trading stocks unleveraged you probably shouldn’t look at CFDs.

Stuart: Too many people lose money trading these shorter term instruments. It happens all the time and it’s because they have not mastered the fundamentals by trading simple stocks. Stocks are the easiest.

I use a very simple approach for my short term trades and it’s just short term reversal signal, using basic individual bar analysis. It’s short term reversal signal, as long as the parent, the medium term trend is also heading in that direction. It’s a very simple approach for my CFD trading.

Need To Hone Your CFD Trading skills? I’ve Got Loads Of Expert Advice And Useful Tips For Your Trading Career.

Finance

Winning In The Forex Market Requires Excellent Knowledge

Individual traders can earn substantial profits on the forex market. Through research, effort and following good advice, someone can make a good return on their investment. Those who are new to the markets should employ the help of a trader that has some experience when they are learning to trade on the forex market. The following pointers on successfully executing forex trades are essential for beginners.

Learn the truth about forex markets. Every trader experiences losing trades throughout his entire trading career. Most traders quit the market before they even make a profit. If you can take losses in stridge, then you can progress to the point of profiting.

If you have grown complacent in your forex trading, consider a scalping approach. Scalping is a method that makes a lot of small trades in a short span of time.

Never have more than 5% of your account tied up in trades at any one time. This makes it easier to deal with it if a trade goes bad. Even if you implement a poor decision, you retain the ability to rebound. Watching the market for long periods can lead to heavy trading. Always keep in mind that discretion is the better part of valor.

Avoid forex robots and ebooks like the plague if they have any language that claims to have a system that will make you very rich. These products offer you little success, packed as they are with dodgy and untested trading concepts. Therefore, the sellers of these products are likely the only ones that will make money from them. If you wish to educate yourself further in the field of Forex trading, consider hiring a professional trader for some individual tutoring on the ins and outs of successful trades.

You will lose capital if you do too much and you will also stress yourself out. You may make less if you are doing more trading.

Share your positive and negative experiences with traders, and take advice from experts; however, follow your instincts to be successful in Forex trading. It is a good idea to listen to ideas from experienced traders, but you should ultimately make your own trading decisions because it’s your own money that could be lost.

Moving a stop point will almost always result in greater losses. Following an established plan consistently is necessary for long-term success.

Thanks to the internet, you can learn about forex trading anytime you want. In order to prepare for your trading career, read as much as possible about the subject. To help you sort through confusing information you should consult qualified professionals via online portal like forums.

Do not trade with your emotions. Greed, anger and desperation can be very detrimental if you don’t keep them under control. Create long term goals and plans so you can succeed in trading.

It is very important that your software has the capacity for analyzing the market. If your software lacks this ability, you won’t know what currency to use for exchanges. You can read many reviews online to help you chose the best software.

It is impossible to guarantee that you will make money with forex trading. There are no robots, videos, podcasts, software or other kinds of media that can deliver guaranteed results. The best method is to dive in and learn from the mistakes you make.

New traders are often anxious to trade, and go all out. A majority of traders can give only a few hours of their undivided attention to trading. You should give yourself breaks from trading, keeping in mind that the market isn’t going anywhere.

You should put stop losses in your strategy so that you can protect yourself. If your goal is to trade on forex, balance the technical side of things with a bit of gut instinct for best results. To properly use stop loss, you need to to be experienced.

After reading these tips, you are much better informed about currency trading, and can make smart decisions. You know much more than you did before. Ideally, these trading suggestions will aid you in trading currency more professionally.

It’s time to reach your dreams with the best and most helpful information on making money from forex. Act now and Follow the link to start living your dream now!

Finance

How Latest Finance News Can Help In Stock Trading

The stock market is influenced greatly by changes in financial conditions that affect it. As such being aware of the latest finance news from any convenient source is a very effective tool if you want to enter the stock trading and earn money. Financial conditions regulate economic activities and due to the volatility of the financial world, it becomes essential to be aware of the latest finance news in order to plan your strategy for stock trading. It is also important to keep track of the latest stock updates.

There are many external factors that have a direct bearing on the movements in the stock market, such as political unrest, terrorist attacks, natural disasters, civil uprisings, fluctuations in oil prices and diplomatic failures. These stimulating happenings affect the stock market and ultimately the financial conditions of a company or a country get affected. In order to speculate and invest in the stock market effectively, it becomes important to keep in touch with finance news so that you are abreast of the latest developments and how they are affecting the financial world, particularly the stock market.

The prices of shares keep fluctuating all the time based on the market situation and several other factors. However, if you find that the latest finance news is indicating certain signs that the share prices of the stocks that you are holding might change drastically, it would be advisable to take immediate action in selling the stock to escape a bigger loss. Being aware of the business news and latest stock news would help you sense when a particular stock is likely to go down.

The Internet is the best and the quickest source for finance news. Sites, such as Google Finance and Yahoo Finance, have the latest news on stock market and finance news. They also provide information regarding most active stocks, live market updates and the latest stock market updates which will be of immense use in making your strategy for buying or selling of stock.

Dedicated news channels on the TV are a good source for finance, market and business news. These channels are completely dedicated towards business and market news and they also provide opinions of experts in the stock market, which can be of great help in making right decisions.

Business newspapers also contain pertinent information about stock movements, the finance markets and expert advice regarding stock trading. The other sources for finance news and latest stock updates are business magazines and business portals. They provide the latest news regarding acquisitions and mergers, stock forecasts, market news, economic predictions and corporate initiatives. You can find information regarding a company’s performance that will enable you to get a fair idea of the future movement of its stock.
 

Farrel Dsouza is a finance and business consultant. He worked a lot for FinanceEnquiry.com. FE is a place for tracking all stock quotes . Readers can also find latest stock ratings and articles on “Best stocks to buy now, Best stocks to buy in 2012 .

Money

Earn Money from Forex Trading

FOREX is the abbreviation for the Foreign Exchange market. FOREX is basically an international exchange market where currencies from all over the world are bought and sold for profit. The market today began in the 1970’s. FOREX is a very unique market because it is not based in any particular place, and it also has very few qualifications for investing. FOREX is also free of external controls, and the investors (participants in the market) largely determine how much a currency is worth based on demand. Almost anyone can invest in FOREX, and there are strategies for investors who want to have long-term gains, and strategies for investors who desire short-term gains. The vast array of investors makes FOREX quite unique in the financial community.
The Workings of FOREX

FOREX is not centered at one place like the NYSE. The specific hours for FOREX trade are 24 hours a day from Sunday afternoon to Friday afternoon. FOREX transactions can take place at almost any time, anywhere, all over the world. There are FOREX dealers in almost all of the time zones, and it is simple to find them. Many dealers can be found online. All an investor does is decide what currency he or she wants to purchase, contact the dealer, and then makes the purchase. Many investors purchase using a credit line (money they do not have). This is called marginal trading.

Benefits of FOREX
FOREX can be very beneficial to a variety of people. FOREX trading can gain investors a large amount of money either over a long period of time, or in a short period of time. Investors who choose to invest in FOREX are generally well informed about the market and understand the current situations in many countries of the world. Investing in FOREX is simple and highly recommended for anyone who wants to enjoy profits from top-notch investments.FOREX, and there are strategies for investors who want to have long-term gains, and strategies for investors who desire short-term gains. The vast array of investors makes FOREX quite unique in the financial community.

A portal for women which contain Beauty Tips in Urdu, Dress Designs, Fashion Tips, Mehndi Designs, Makeup Tips, Fashion Games and much more.

A portal for women which contain Beauty Tips in Urdu, Dress Designs, Fashion Tips, Mehndi Designs, Makeup Tips, Fashion Games and much more.