Selecting the Best Day Trading Broker

Day trading brokers are essential to new traders. They do the transactions for you and even give suggestions as to which transactions to make, whether you should sell now or later. Your choice of broker is therefore crucial to your success. But other than this criterion, what other qualities must your broker have and how do you choose the best one in your trading company?

The first thing to consider is the cost. Some really good brokers can charge high rates for every transaction that he does. While this may give you more profit, still you may not earn much because a big chunk of the money goes to the broker. You should therefore be able to weigh the transaction costs and commissions that you will give your broker against the profit that you are supposed to have.

It is also important that you require financial stability from your broker. He must have enough capital or assets. This will lessen the probability of him running away with your money. More importantly, transfer of funds between the two of you must also be relatively quick and easy. See also if he accepts online payments.

He must likewise be reliable and with a proven track record in this field. To know this, you must do your own research. Ask the company for details on the broker's record, such as the number of clients that he had, how many of them lost their money and how many of them actually made profit. Or you can ask fellow traders as to which ones are good and which ones are not. You can also search his name in the net. It is possible that his name may have been mentioned in forums or message boards, so you will have more information on how he works or operates.

Of course, there are other services that he can provide, such as technical support and chart analysis. See also if he uses a trading platform that you are comfortable with.

With the many day trading brokers available, choose one who can provide you with the best service at the least cost. Remember your goal as you ventured into this kind of business, and that is to gain profit. If a big part of your gain goes to commissions, then it is time to look for other brokers who can provide you with the same service at a lower price.

Miodrag Trajkovic is an expert on information related to Day Trading, Day Trading Systems, Day Trading Strategies, Online Day Trading and Day Trading Websites. For more information visit his website http://daytrading.explore-me.com

AFP - Asian and European stock markets rose Friday as investors shrugged off gloomy company results to concentrate on overnight Wall Street gains and a huge US economic stimulus plan, traders said.

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How I Became a Forex Trading Professional

All my friends ask me, "hey how do you always have so much money". I always respond with "I do forex trading from home", which they look at me with such confusion. If you are reading this you probably know what forex trading is already if not, I will quickly go over it.

Forex trading is the stock market for currency. You trade each countries currency the same way you would do it with stocks. Buy low value currency and sell it when it gets to a higher value. When you do this you make an easy profit, and in my case a lot of money.

Now you probably wonder how I became a forex trading professional and the secret is simple. If you want to be the best, at some point you need to learn from the best. You cannot get anywhere in life if you don't challenge yourself or try to get better. It was no different for me when I first started trading forex.

I was frustrated with my slow progress and losing money so I had to look for another way to succeed. I joined a website that was run by forex trading professionals who were looking to teach others how to succeed. Well I felt this was the perfect opportunity so I paid the membership fee and started learning from day 1.

Within a matter of weeks I was making my first profits and had already made enough to cover the costs of my membership. From that point on I kept learning more and more and what would you know - I made more and more money!

So even though my story was short remember this, "if you want to be the best, learn from the best!"

Like I said before, I am now a forex trading professional because I learned from the best.

Want to be like me? Click here and learn from forex trading professionals!

Reuters - The number of U.S. workers filing new claims for jobless benefits hit a 26-year high last week and factory orders plummeted in December, data showed on Thursday, illustrating an economy mired deep in recession.

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5 Tips on UK Forex Trading Success!

Or Should I Say: 5 Tips on what you MUST NOT DO if you want Success Trading the UK Forex market.

Lets begin with the 5 MOST common errors!

1. Do Not Trade With Cash You Cannot Spare: Being reckless with money you can't afford to lose is plain dumb. When panic sets in, recklessness takes over and inevitably, losing money you don't have will cause more panic.

2. Do Not Follow The Mantra Of Buying Low To Sell Higher To Get Pips: This purports that you have to predict where the lows and highs will form. Realistic in the equity market for sure but in the UK Forex Market: Again, plain dumb.

3. Never Rely On Guess Work: Because the UK Forex Markets simply unpredictable, your guess work will swallow all your assets up and inevitably end your fledgling Forex career.

4. Avoid the Day Trading Market At Your Peril: With complex, unpredictable influences you might as well stick your head in the sand. Stay well clear.

5. Never Go It Alone: ALWAYS Have Help From THE HIGHER ONE: In order for every novice trader to gain experience you need to start of trading with PLAY MONEY. That's right, you need software which lets you play the Forex game for Free.

Get a practice account, set up your Stop losses and Take Profit margins, and get your feet wet. You can also get Forex Autopilot software which once you've tried, tested and retested on your Demo Account, the automated robot will set your SL TP margins and will then lock in the profit and revert to a trailing stop for maximum gains.

You can put this system to the test on a Demo account. You can do that here at http://www.forextracertrading.com which allows you to trade with play money, so you won't be risking a penny. After you've tried, tested and retested, you can then open your real account and collect $100 and start trading on Autopilot immediately. STAY FOCUSSED and YOU WILL SUCCEED.

Reuters - General Motors Corp and Chrysler LLC on Monday began offering a new round of retirement incentives including vouchers for cars as the automakers move to reduce workers and inventory.

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Forex Trading Information And Tips

I'm going to share with you some of my forex trading information and tips. This is a great market to expand on a second income. With the economy in a downturn, lack of jobs and the expensive price tag on gas, it makes sense to work from home trading forex.

What is margin trading and how does it benefit me?

This is an interest concept of forex trading. One which makes it exciting for small traders that don't have a lot of money. A typical broker account will allow you to deposit your money and you trade that money. This is different. You put a deposit on your account and your broker allows you to trade anywhere from 10 up to 100 times more than your original deposit. It's not free money though.

If you deposit $100, you could trade up to $10,000. Now you have the capability of really making some money because you have more money to leverage. This also makes the broker more money because you're making more money. That's the positive side of this. The negative side is losses. The broker won't let you lose their money. If your losses get anywhere close to the original deposit, they'll cut you off. The best way to avoid this is to not trade all the money. Instead of using all $10,000 use $1-2k. That's a lot more money than you deposited, but it also protects you from losing your original $100 very fast.

What is the best trading software on the market?

I recommend Forex Killer. It has all the makings of an employee rolled into a software package. We've all experienced being in a trade and having to leave the computer for a significant amount of time. During this time anything could happen: you could miss out on an opportunity to make a good profit or lose out on a lot of money. Forex Killer will automate the trading process, so it will act in the most profitable way while you're gone. It may not have to even do a trade, but it will be watching to make sure the most profitable act is done.

The automated software of Forex Killer will give you an immediate edge in the market. Make trades that work for your profit line. For more information on the Forex Killer software, check out Forex Charting Software.

Reuters - The Federal Reserve on Wednesday inched closer to buying U.S. government bonds in a new front in its fight against the credit crisis and signaled unease over the risk of deflation with the economy weakening.

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Marcus Leary's Forex Auto Pilot - Scam Or Does It Work

Forex Auto Pilot created by Marcus Leary is one of the most renowned and popular forex trading softwares on the market today. It has been used by thousands of people who wished to become better forex traders. But is the forex auto pilot a scam or does it really work?

As with any other software or product on the market, this software doesn't have a 100% success rate. But forex autopilot isn't a scam. It has worked for many people who have taken their trading skills and income to another level. And it will likely work for you as well, if you treat it the way it's supposed to be treated: a software which can help you make better decisions, not some magical artifact which will instantaneously give you a million dollars.

What I mean by that is that there 2 mistakes you can make with Forex Autopilot which may hinder your income with it:

1. Use it without knowing how - Forex autopilot is a tool you can use, but you need to know how. The software comes with detailed instructions. Make sure to study them. Even if this means you'll start using it a week later than you wish, it's worth the time.
2. Don't fail to get a regular forex education. This software can work for you even if you have little or no prior experience, but if you do become more informed about the market and how it works, you will have a much better chance of making more money with ForexAutopilot.

Marcus Leary didn't create a scam software and it's easy to see this since his software comes with a money back guarantee. So make the most of this software and make sure to give some of the money you'll earn with it back to the community. That way you'll make something good with the money for a lot more people and still have enough to enjoy yourself.

To read more about this software, click here: Forex Autopilot Review. John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Forex Trading Software.

Reuters - Freddie Mac , the second-largest provider of funding for U.S. home loans, on Friday said expected fourth-quarter losses may force it to draw up to $35 billion from the U.S. Treasury to maintain a positive net worth.

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