Commodities Expert Provides Game Plan to Charting Your Financial Destiny. You Don't Have to be a Professional Trader to be Successful at the Game
Dallas, Texas (PRWEB) December 07, 2011
Commodities expert Phil Storer, Director of Commodity Trading for Dillon Gage, Inc., in Dallas, TX and author of “Chalk Talks For Traders: Easy Xs and Os From A Proven Pro”. Says, “You don't have to be a professional trader in order to be successful in the financial markets.”.
The secret is in the plan and the plan can be found in his book “Chalk Talk for Traders: Easy Xs and Os From A Proven Market Pro”. (Brown Books Publishing Group).
An expert at predicting direction as well as the duration of time and distance that markets travel, Storer teaches readers how to identify a particular momentum in the markets then shows them simple ways to create a trade around that core.
Elwood, Victoria, Australia (PRWEB) December 12, 2005
At the end of the trading day it all comes down to the numbers and tracking those numbers is probably the #1 headache of every trader. Not only are there tax consequences for not keeping accurate record of buy and sell prices, but the success of entire trading strategies rest on the ability to see both the big picture and the minute details. Spreadsheets just aren’t up to the task of providing visual and in-depth reporting and, up until now, professional trading software was out of the price range for the average trader.
People who trade using one or more strategies or systems can’t afford to find out after the fact that their logic was flawed. They need to be able to see straight away whether their method is viable in the market and if they should continue trading it or not. This is the type of information that can save any trader thousands of dollars and years of heartache; this is the type of information that Stator – Advanced Finance Management provides.
Version 1.6, just released, provides a unique portfolio management solution that isn’t found in other software applications in this price range. The relationship between Owners, Systems, Sub-Consolidations and Consolidated gives the trader total freedom to structure and analyze a portfolio using any method that suits them best.
Using the built-in charts, graphs and reports, the user can safely determine the amount of risk they are willing to accept for each trade, set stop losses to adhere to their money management and risk settings, and track the open trade moving forward to better understand how you they can do it better the next time. The sole purpose of Stator – Advanced Finance Management is to give the trader a clearly defined edge...
Storer spells out the very basic principles to market decision-making in clear and simple language.
Readers will learn great trading tactics at a variety of levels:
- Market Direction
- Market entries and exits
- Protecting equity
- Money flow
“Chalk Talks for Traders”. Provides easy-to-understand explanations for the essential techniques and analysis used by successful traders.
For many people, it's too hard to learn day trading so they stay away from it all together. But in actuality, anyone with the right qualities in combination with day trading training and day trading courses could find success. It's not for everyone, but if you have the drive to succeed and willingness to learn, you can most definitely make things happen and make some money. If you tend to have a highly analytical mind that is very capable of problem solving, you will more than likely find success in day trading. If you're on the more left-brain side, you may have to work a little harder, but it is possible to learn day trading.
Here is a list of common characteristics of successful day traders that can help you decide if you're willing and able to learn day trading.
- Discipline: Much like many of the other skills that are challenging to master, day trading can be an attainable ability if you have discipline. Discipline in day trading means executing control and knowing your limits. A disciplined person understands that in stocks, you can win big or lose big. By having a plan and sticking to it and not letting your emotions get the best of you, you are more likely to find day trading success.
- Passion: As previously stated, those who want to learn day trading need to use analytical thinking and have a thorough understanding of the market. In order to obtain that understanding, aspiring day traders need to be up on the latest business news and really immerse themselves in that world. It's also equally important to be able to interpret business charts and statistics. And all of this must be done at a fast-pace. Everything is constantly changing and stocks wait for no one. Without...
“Individual investors can succeed in the stock and commodities markets just like professional traders do if they'll consistently apply these very basic principles to their market decision-making,” says Storer.
Before you know it, readers will be able to easily spot potential trades and know immediately what the likely potential is and how much to risk. The exuberance that comes from that confidence will confirm they can look at a chart of your mutual fund. Example. Recognize when to enter and when to step aside.
Storer simplifies the process while maintaining integrity and credibility. If readers understand the proper methods and techniques to trading. Are disciplined enough to know when to pull out then they're half-way there.
To learn more visit: http://www.chalktalksfortraders.com
Chalk Talks For Traders in available online and bookstores everywhere
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