Make money trading Using The Best Education, tools and software

Here is a great free gift from Top Dog Trading, they have just finished creating a new course that gives you the most important things that turned Barry Burns own trading.

At first they were going to charge for it … but they have decided to start
the New Year by giving it away to all of their students, subscribers and readers.

Ot is just their way of saying “thank you” for your friendship, and to help you make this your best trading year.

There are no strings attached and you don’t have to “opt-in” to anything. Simply go to the site, download the PDF outline and then follow along with it as you watch the 3 videos (there is about one hour of training in all).

It’s there for you at the Top Dog Trading Blog

To access the course, just go to the front page of the blog and you’ll see the most recent post at the top of the page gives a quick introduction and then gives you the link to the course.

The post is entitled: “Top 20 Daytrader Secrets for Day Trading Stocks, Emini Day Trading, Forex and Other Markets.”

Just go to  Top Dog Trading Blog

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I’m sure that you have already heard about ETF’s (Exchange Traded Funds) but did you know that you can trade them in a conservative manner and still make 6-12% per month?

This is ideal for trading GOLD ETF and OIL ETF

Quick link for busy people >> Free ETF Trading Course

If you would like to learn:

* How to safely average 6.43% per month trading only 5-10 minutes
per night, which equals over 100% per year with monthly compounding

* How to safely average 12.86% per month day trading.

* A simple system that is easy to learn and works in all types of
market enviroments.

* How to make serious profits in your IRA, 401k or investment
accounts in 2009

* How to Double Your Money Safely

* The when, what, where, how and why of which ETF’s to trade

* How to make 2009 your best trading year

* How to save your portfolio and explode your profits

Then this newsletter is for you

I subscribed to it a while ago and can confirm that you will receive a lot of great no fluff articles and videos on what it takes to make it as a trader, all written by a former professional fund manager and now full time retail trader

click this link and subscribe now

Free ETF Trading Course

Trading blogs are one of the best ways to get good trading tips, education and advice related to trading, and of course the best part is that it’s usually all free!

But some caution is required because it only takes a few hours work throw up a blog and start posting trading information, make sure the person that you are reading knows what he or she is talking about before acting aggressively on what you may have learnt.

One of the best blogs that I have found, and refer to often is the Top Dog Trading Blog, written by expert trader and trading educator Dr Barry Burns.

On this blog you will find a lot of high quality content:

• Trading Articles
• Trading Videos
• Access To A Free Video Trading Course
• Trading Tips
• Commentary on recent market conditions and topics
• Insights as how a professioanl trader thinks and trades

The blog is relevant if you are interested in trading:

• Stocks
• Futures
• Forex
• As a day trader
• As a swing trader
• As an investor or swing trader

Check it out here:

Best Trading Blog

Best ETF Trading System – Part 1

There are many misconceptions about money management, most think it means trading with stops, but that is only a small part of it.

Below is a short part of the complimentary report you can download instantly called How to Safely Double Your Profits in 2009 Trading ETFs.

Get the full details here >> Best ETF Trading System

This little tip alone could save your trading account.

Why use risk controls?

Every trader and investor must guard himself against drawdown’s, which refers to the percentage drop in his account size after one losing trade or consecutive losing trades. For example, imagine that after losing a few trades in a row, your $20,000 account is reduced to $12,000, that would be a drawdown of 8,000/20,000 = 40%. 

That is a big loss!. If I were to ask some new traders, “In order to be back up to $20,000, what percentage return do you need to generate?”,  the correct answer may surprise you.

Many would answer, “Since I lost 40%, I have to make back 40%!” This couldn’t be more wrong! Note that after losing 40%, the trader now starts with a lower base, i.e. to undo the $8,000 loss, the return he needs to generate is 8,000/12,000 = 66.6%! That is why these free training videos are so important to help dispel some of the myths of trading.

The more severe the drawdown, the harder it becomes to undo the damage, as shown in the numbers below.

Drawdown %         % Required to get back to break even

10%                         11.1%  (This is easy to make up in one good trend)
20%                         25%  (This is also fairly easy to make up)
30%                         42.8%
40%                         66.6%
50%                         100%
60%                         150%
70%                         233.3%
80%                         400%
90%                         900%

That is why all professional money managers only risk 1-2% per trade. It’s because no matter how good your trading system is at some point it is a statistical fact you could have 10 losers in a row. Based on risking only 1-2% per trade this is only a 10-20% drawdown and easily recovered.

99% of the hype trading and investing courses in existence don’t say or do this. They say risk 5-10% per trade. It is wrong and will cause you serious financial pain if you follow their advice.

Many of them also use arbitrary stop loss advice. For example, they say, “Place your stop at $100.10 because that is on the other side of a major support or resistance, trend line, MA, etc.”

This makes your risk based on the size of the stop. That is also wrong because the risk can be too large and it’s not the same risk on each trade.

Others reverse this and say risk only 2% total period and let that determine your stop. This is also wrong and will hurt you because it is important to have the correct technical stop.

The answer is to do both. Use a percentage and technical stop together. It works like this. Let’s say the technical stop is $100.10, but based on your entry price that is a 3% risk.

Since your plan calls for a 2% risk you simply lower the number of shares you are trading. This lets you stay within your 2% risk and have the correct technical stop. This is exactly what most professional money mangers do.

Some say that this will lower their profits because of trading fewer shares. So what! Study the numbers above again. You know the old quote, “More risk equals more reward.” Well it’s not always true.

Sometimes more risk equals more risk! If you lose your money you have no chance to make a profit. Even losing 50% is disastrous because you would then need to make 100% to get back to even.

Like Warren Buffet says, there are only two rules in investing. Rule #1: Don’t lose money. Rule #2: Don’t forget rule #1.

I’d like to add a third rule. Correct money management and position sizing must be mastered to insure your long term success.

The good news is that it is easy to have correct money management and position sizing. I just explained how to use a combo of a % stop and a technical stop.

If you want more of an explanation please watch this set of free trading videos, visit my free video area on the homepage and click on the “Why have risk controls” video.

The system of entries, stops and profits taking is only half of your key to success. The other half is money management. If you get this part wrong you will lose your account every time regardless of how good your system is.

If you are interested in learning how to safely average 6% per month trading Exchange Traded Funds then click on the lick below:

Best ETF Trading System

Please note, in order to access the full set of free ETF trading videos you must first opt in for the complimentary report.