Defining your goals and making a plan is probably the most important task a trader can undertake.

Many traders refer to their day trading plan as a trading system. That’s absolutely ok; since a trading system is nothing else than a structured day trading plan.

Let’s take a look at the elements of a good day trading plan:

Financial Goals

How much money do you want to make?

How much money do you need to get started?

What can you expect when trading a system?

In this chapter you’ll learn the answers to these questions. Defining your financial goals is extremely important, since the outcome of the next steps all depend on YOUR goals.

Selecting a market

You need to determine whether you want to trade Stocks, Options, Forex or Futures. It really doesn’t matter WHAT you trade, as long as you’re successful.  Each market has advantages and disadvantages which we will discuss here.  This will make it easy to find the right market for YOU.

Selecting a time frame

In this section you will learn the differences between daytrading, short-term trading and long-term trading and how to find the best approach for YOU.

Selecting a trading style

Trend-following, Swing-trading or Trend-fading? In this section you’ll learn which trading style is the best for YOU.

• Detailing the daytrading plan

By now you know how much money you want to make, how much you are willing to risk, what market you are going to trade in which timeframe, and what trading style you’ll use. In this section you will learn how to detail your plan by adding specific rules for entries and exits. But don’t worry: It’s easier than you think, and I already have two ready-to-use trading systems for you.

Let’s get started.

Financial Goals

The most frequently asked question of aspiring traders is “How much money can I make?”   Unfortunately there’s no easy answer, because it depends how much you are willing to risk.

Day Trading is a function of risk and reward:  The more you risk, the more you can make. Here’s an easy example: Let’s say you start with a $5,000 account and you’re willing to risk $1,000. Now you could place a trade to go long at the opening, set a profit goal of $1,000 and a stop loss of $1,000. Let’s say you investigated the market behavior in the past couple of months and realized that your chances of achieving your profit goal are 60%.

Unfortunately the trade you just placed is a loser, and you lose the whole $1,000. Since this was the amount you were wiling to risk, you close your account, transfer the remaining $4,000 back in to your checking account and that’s it for you.

Now let’s assume you wanted to risk only $100 per trade and you adjusted your profit goal to $100, too. Now you can make at least 10 trades, because only if all 10 trades are losers you’ll lose the $1,000 you are willing to risk.   I don’t want to become too mathematical, but statistics says that the probability of having 10 losing trades in a row is less than 1%. Therefore it’s highly likely that you will have a couple of winners within the 10 trades. If your trading system shows the same performance as it did in the past (60% winning percentage), you should make $200: 4 losing trades * $100 = -$400 + 6 winning trades * $100 = $600. Make sense?

Compare these two options:

• The risk of losing your money in scenario 1 is 40%. But if you won, you would have made $1,000.
• In scenario 2 the risk of losing your money after 10 trades is less than 1%, but you have a fair chance of making $200.

Therefore you need to define first how much you are willing to risk, since the amount you can make is a function of that risk. Make sense? I’ll give you more specific examples later in this chapter.

Keep in mind that there’s a difference between the amount you need to trade and the amount you’re willing to risk. Your broker is always asking your for a “margin”, and you need to fund your account with that margin requirement + your risk. In our previous example you funded your account with $5,000, but you only risked $1,000. More on that later.

What to expect when trading a system.

There’s a common misconception about what to expect when trading a system:

Trading a system does NOT mean having an ATM in your front yard.

There will be months when your trading system is over performing, making more money than your expected, and there are months when your trading system is underperforming. Don’t assume you’ll get a check at the end of each month!

Here’s an example:

The performance report of our e-mini S&P Trading System Coin Collector shows an average profit per trade of $36 over the past 733 trades:

In between March 14-21, 2005 the system was over performing and we realized $963 in profits with 17 trades. These yields to an average profit per trade of $57, way above the “expected” average profit of $36 (see below):

When daytrading system you have to keep in mind that you are working with averages:

If your back testing shows an average profit per trade of $36 then you can be almost sure that the system will not suddenly jump to $57 average profit per trade.

In trading we have good weeks and bad weeks. Losses are part of our business. After a slow week there might be an extraordinary week. After a winning streak we will realize a loss.

Looking at the performance of that week a correction was inevitable. And it happened: Tuesday, March 22nd, we realized a loss of $712.50.

Such a loss hurts. You quickly forget all the nice profits of the past week and focus on the loss. You may start questioning your system and think that it stopped working, and so you stop trading. You start looking around for the next system. You don’t give the system a chance to come back to “normal”. You see an extraordinary week like the week from March 14 – 21, 2005 and think that you will continue making profits like this forever.

When reality hits you, you stop believing.   But take a look what happened after the loss.

Here’s the performance report of the 2 weeks combined: The “good” week and the “bad” week with the loss of $712.50:

Now take a look at the first graphic with the performance the system is supposed to make.

We are right on target!

The average profit is back to normal, and so are the winning percentage and the profit factor.

Within two weeks the daytrading system normalized itself. That’s exactly what you should expect from a robust trading system.

The next step is finding a market that’s suitable for you.

Selecting a market

You can trade stocks, forex and futures.

Depending on your account size “stocks” might not be an option for you, since you need at least $25,000 in your account to daytrade stocks.

Forex trading is very popular, but if you are new to trading I must warn you:

The Forex markets are extremely volatile, and you can easily make (or lose) thousands of dollars in a day. Many Forex brokers offer “free quotes and charts” and “no commissions”, but keep in mind that nothing is for free: You are paying a spread, i.e. you can NOT buy a currency and immediately sell it for the same amount. It’s like at the exchange booths that you know from your holidays: You exchange $100 into 80 Euro, but when you change the 80 Euro back into dollars, you only receive $96.

Same when trading Forex: You are paying at least 2 “pips”. This amounts approx. $20, depending on the currency pair you’re trading. Another disadvantage of Forex trading is that you are NOT trading at an exchange: There is no “Foreign Exchange”. You are trading against your broker: If you are selling, then your broker is buying from you and vice versa. And that’s why your broker is giving you the quotes for free: He can basically give you *any* quote since there are no regulations. Scary, isn’t it?

Let’s take a look at futures trading:

Futures markets are regulated and you pay very low commissions. They are highly leveraged, since you can trade the whole index worth $66,500 with an account as small as $500. So you can achieve an enormous leverage of 130:1. There are many advantages, especially if you’re trading the index futures:

• Index Futures are traded electronically and you can enter the orders through your computer, without ever calling a broker.

• You are getting very low commissions. That’s important to keep your costs down and increase your bottom line.

• You have a high leverage of up to 130:1.

• You are trading some of the most liquid and popular markets in the world, hence you will experience little or no slippage.

• Depending on your broker you might get quotes and charts for free.

My recommendation:

If you’re new to trading I strongly recommend starting with the futures markets. It’s way easier than you might think, and if you follow this guide then you’ll have no problem getting started in futures trading.

Selecting a time frame

Let me be brief on selecting a time frame, since you’ll figure this out very soon:

When you select a smaller timeframe (less than 60min) your average profit per trade is usually relatively low. On the other hand you get more trading opportunities. When trading on a larger timeframe your profit per trade will be bigger, but you will have fewer trading opportunities.

Smaller timeframes mean smaller profits, but usually smaller risk, too. When you are starting with a small trading account, then you might want to select a small timeframe to make sure that you are not overleveraging your account.

Most profitable trading systems use larger time frames like daily and weekly. These systems work, too, but be prepared for less trading action and bigger draw downs.

My recommendation:

Therefore I strongly recommend that you stick to smaller time frames like 60min and below. In addition you shouldn’t hold any positions overnight in your first couple of weeks of trading, so stick to day trading.

Selecting a trading style

Basically there are 2 different trading styles:

Trend-following

When prices are moving up, you buy, and when prices are going down, you sell.

Trend-fading (or counter-trend-trading)

When prices are trading at an extreme (e.g. upper band of a channel), you sell, and you try to catch the small move while prices are moving back into normalcy. The same applies for selling.

Most indicators that you will find in your charting software belong to one of these two categories: You have either indicator for identifying trends (e.g. Moving Averages) or indicators that define overbought or oversold situations and therefore offer you a trade setup for a short term swing trade.

So don’t become confused by all the indicators and trading approaches that are out there. Make sure you understand what the indicator is measuring and what category it belongs to.

Here are some examples of popular trading approaches:

• Trend-following
• Crossover of Moving Averages
• Turtle Trading
• Parabolics (e.g. SAR)
• Trend-fading
• Overbought/Oversold Oscillators
• Bollinger Bands and Channels
• Turtle-Soup Trading

My recommendation:

In my opinion trend-fading is actually one of the best trading styles for the beginning trader to get his or her feet wet. By contrast, trend trading offers greater profit potential if a trader is able to catch a major market trend of weeks or months, but few are the traders with sufficient discipline to hold a position for that period of time without getting distracted.

Detailing Your Trading Plan

By now you know how much money you want to make, how much you are willing to risk, what market you are going to trade in which timeframe, and what trading style you’ll use. In this section you will learn how to detail your plan by adding specific rules for entries and exits.

Entry Rules

Entering the market is easy. You have the following possibilities:

You can enter the market based on certain conditions, e.g. prices move above the previous day high or prices cross the 100-day moving average.

You can enter at a certain time,e.g. you are ALWAYS entering the market at the open oryou are entering at noon.

• A combination of both, e.g. you are entering if prices cross above the 100-day moving average, but only between 8:30am and 12:00pm.

There are dozens of books, magazines and websites that offer you countless entry techniques. But as a famous trader once said: “The exit is more important than the entry”. So let’s take a look at exit rules.

Exit Rules

Lets keep it simple here, too: There are two different exit rules you want to apply:

• Stop Loss Rules to protect your capital and

• Profit Taking Exits to realize your profits

Both exit rules can be expressed in four ways:

• A fixed dollar amount (e.g. $1,000)

• A percentage of the current price (e.g. 1% of the entry price)

• A percentage of the volatility (e.g. 50% of the average daily movement) or

• A time stop (e.g. exit after 3 days)

I usually don’t recommend using a fixed dollar amount, because markets are too different. For example, natural gas changes an average of a few thousand dollars per day per contract; however, Eurodollars change an average of a few hundred dollars a day per contract. You need to balance and normalize this difference when developing a trading system and testing it on different markets. That’s why you should always use percentages for stops and profit targets (e.g. 1% stop) or a volatility stop instead of a fixed dollar amount.

A time stop gets you out of a trade if it is not moving in any direction, therefore freeing your capital for other trades.

Other Elements

Entry and Exit Rules are the basic elements of your trading plan, and if you have a rather small account then that’s all you need to get started.

Later you want to add additional elements like

Money Management

How much money are you going to risk per trade?

When do you increase the contract size?

Diversification

How many contracts will you trade with ONE day trading strategy?

When will you add a second strategy? What kind of strategy?

In which markets will you diversify?

Payouts

When will you start withdrawing money from your trading account?

How much?

All these elements are becoming important when your account size grows, but in the beginning you can omit these elements to make it easier.

Author’s name

Markus Heitkoetter

Author’s Info:

Markus Heitkoetter is a 19 year veteran of the markets and the CEO of Rockwell Trading. For more free information and tips and trick how to make consistent profits with online daytrading, visit his website www.rockwelltrading.com.
Article Source: uberarticles.com

Not everybody can make money online day trading but if you have the inclination and potential, this trading simulator software from Ensign, properly entitled “Simulation Broker” will develop the temperament and skill set needed to help you realize your dream without risking any money in real market.  ‘Practice makes perfect’, so the saying goes.  A valuable teaching mechanism has always been practice, practice, and more practice.   Ensign Windows has a powerful feature called ‘Play Back’ that helps you practice your trading skills with real market data.   A live data-feed is not required to use this feature.

The Play Back feature allows you to open a chart and watch the tick-by-tick trading that occurred for a symbol on a specified day.  The file can be Played anytime, just like a tape recorder can play its recordings.  The played file will duplicate the trading day in actual time as if you were trading the markets in real-time. You can optionally increase the Play Back speed up to 10 times faster than the actual speed. This feature is a fantastic tool that allows you to practice your trading skills with real market data.

What I really like about Ensign Windows is the play back mode.  You can down load months of data and trade it just as if it was real time.  It has the ability to speed up the market to over 10 times the normal speed to sharpen your trading skills.  It will add commissions and slippage of ¼ point in both directions for you.

Give this a free try!  Ensign offers a free 7 day trial period.

Get real. IF systems like that really were available, or if day trading really was that easy, wouldn’t everyone be a rich day trader instead of being a statistic in the 90 percent of all day traders fail club? IF you can’t be truly realistic regarding this, truly believing and understanding the odds against you THEN you do not have a chance. You would really be best off ‘giving up’ on this idea about day trading, and, save yourself a lot of pain and money.

Over the last nine years, I have known and worked with many traders, and over this time have seen the unrealistic expectations, and problems with their approach towards trading, where people who possibly had a chance to be successful were actually done before they started. I have thought about writing a book about this. The book would not be about how today trade, but instead, it would be about how to learn how today trade – the key word being learned NOT trade.

It Can’t Just Be About The Money

How can learning any new skill start with a total focus on the result, instead of how you plan to achieve that result. That would be no different from trying to put the roof on a house before you built the walls, or expecting to receive your college degree the day that you begin classes. Talk about unrealistic expectations – these are impossibilities – as are any get rich quick trading schemes. Yet many come into day trading as what I term a job replacement ‘trader’, this is a ‘trader’ who tells me the following: I know I need to spend the time making a trading plan and ‘properly’ paper trading it before I start trading real money, but I can’t, I just got laid off from my job and need to trade now to make some money. There is another statistic for the 90 percent club.

When I meet a new trader who has some interest in what I am doing, this is probably the most frequently asked question: how long is it going to take me to be profitable with your method? This ‘trader’ has never traded real money yet, or has been losing at whatever ‘trading’ that they have done, yet what they want to know is how long will take to be profitable with a new method. My answer for questions like these is too first asking my own question: what are you planning to do to learn this method, how can you possibly become profitable with any method before you learn it? I can remember one specific ‘trader’ that I talked to 2-3 times before joining our group. In the conversations this trader told me how many thousands of dollars he had spent on trading systems, methods, and trading groups – it was almost like he was ‘bragging’ about it? He never learned how to trade, and he had never traded profitably. BUT once again the same question came up – how long is it going to take? I told the ‘trader’ my thoughts regarding this, while also saying that if this was the major concern that they would probably never learn it, and they really shouldn’t join the group. The ‘trader’ assured me that this time it would be different BUT it wasn’t – they never studied the training materials, but I would get an email every couple of days asking me when I thought they should start trading real money. And there is another statistic for the 90 percent club.

Trading just can’t be about the money, especially from the beginning, but really at any point in your trading career. Trading is about the process; that process being learned a method and the related trade setups, the creation of what I term a base setup plan. Does it seem logical, that you actually need ’something’ to trade before you get rich trading it? Next, start paper trading this plan to gain enough screen time and repetition that you can make adjustments – learning your mistakes and misreads that you make in real time execution. Accomplish this, and then begin to keep profitability records of your paper trading, first trading for profitability, and then trading for proficiency where you concern yourself with the percentage of profit potential you are gaining, not simply whether you make a profit.

How long is this going to take to do? Who knows, but there sure aren’t any shortcuts. Actually, it probably won’t ever happen. Paper trading to a proficient level really is a very difficult thing to accomplish, as ‘traders’ aren’t willing to work hard enough, and with the necessary commitment, as there is no financial reward from paper trading. Furthermore, since there is also no financial risk, paper trading is quite often turned into a game and becomes of a waste of time, and creation of bad habits that become to hard to change. Nevertheless skip the process altogether, because you want to start making all that money that caused you to decide to become a day trader to begin with AND – another statistic for the 90 percent club.

Introduction to Trading Psychology

I would guess that most, everyone has had experience with some kind of real time performance stress before. Maybe it was a college final, or maybe it was related to athletics, maybe you had to give a speech, or maybe you were in a theatrical performance. Whatever the case may be, for me, as well as anyone else I remember talking to, nothing was even similar to the ‘feelings’ that were ‘brought on’ by day trading real money real time. My background included athletics, and I can remember pitching in a state final baseball game, and I can remember last second free-throws in tournament basketball games – it was a piece of cake when compared to start to trade real money. Nothing could prepare you for risking your money on an unknown outcome, of which you have no physical control, while watching price bars that suddenly have seemed to start ‘ticking’ at the speed of light – with your heart racing and the inability to sit still and the dry mouth and the sweaty palms and the feeling like you are going to puke – etc etc. Doesn’t that sound like fun – I will bet that get rich trading scheme didn’t mention any of this?

IF you are going to get through these emotions known as trading psychology, and all the different fears and forms that it can take on, it is going to be involved with your preparation, repetition, and understanding of that base setup plan, along with the knowledge that you have been able to paper trade it proficiently. No, it’s not the same as real money, and you will still have to become using to executing real time BUT at least you do have the confidence in knowing that what you are going to trade does work, and on a level more than simple profitability. It will take time for these emotions to leave you, and maybe some never will, but that is all right. It is not necessary to eliminate all emotion to be able profitably to trade, it is necessary to control them, and being able to have the self trust that although you can’t ‘know’ what is going to happen, you can ‘know’ what you are doing and that you will act as closely as possible to the intended ‘plan’. Does go through a learning process that includes paper trading still sound like a waste of time? No problem – there is still plenty of room in the 90 percent club.
Work Ethic and the Fear of Failure

Again I think about that question – how long is it going to take profitably to trade your method? I don’t know, are you really going to work you’re hardest? The fear of failure can take on many manifestations. What I have seen quite frequently, is how this fear is related to the ‘traders’ sense of self esteem and self worth – that failing at this, failing at anything, will make them ‘less’ of a person, and they can’t risk allowing this to happen. Consequently, they never work their hardest at learning to trade. They won’t put it all on the line, they always hold something back. Why? Because by doing this there will always be a ‘built in’ excuse for failing – IF I had really tried my hardest THEN I am sure that I could have done it. The result is obviously the same, but at least they don’t have to blame themselves or take a ‘hit’ on that precious ego. Is failing at learning to do something, and being a failure really the same thing? In my way of thinking, trying your very hardest and not being able to do something is just the way it goes sometimes. We aren’t going to be able to do everything we try, no matter how hard we work at it. Failure on the other hand is what I described – failing because you didn’t ’step up’ and try you’re hardest, instead you ‘held back’ trying to protect yourself. You want to learn today trade, check your ego at the door before you start – or you too can join the 90 percent club.

Do You Still Want To Make Your Living Day Trading?

Have I talked you out of becoming a day trader – do you still think this is a great ‘get rich quick’ way of making your living? Although it wasn’t my intentions to change anyone’s mind, if this is what has happened, then I am glad. Yes, trading can be ‘lucrative’, and yes, you can get ‘rich’ trading, but you have such a long road to travel before this can occur. Many people ’say’ they know this, but they don’t really ‘believe’ it. They think that they will be different, they think that they will be the one that ‘bucks’ these odds BUT then they won’t go about it differently. If nothing else, it should be very clear, that if 90% of all day traders lose, then to have a chance at being successful, you obviously are going to have to approach this differently than the vast majority does. Go for it BUT focus on the process, have reasonable expectations of what is really involved, and then do what is necessary to learn how to trade – that 90% club is far too big.

Barry Lutz has been trading, as well as teaching others to trade, since 1997 through his firm Tactical Trading, LLC. Http://www.tactrade.com.

If you do a Google search on “How To Make Money Online Trading” you will come up with thousands of offers to purchase courses.  How do you decide which course to purchase?  My first answer in none.  I always opt for the free information first.  If the information on how to make money online trading is really that good, most course sellers will offer something for free.  It’s a great way to try before you buy and gain your trust before they sell you something.

If you are really serious about making money online trading, check out these Free E-mini Futures, Forex, and Stock LIVE Trading Videos Now!

When you see a day trader who claims to have made money longer term check the small print and look at the disclaimer. You will normally see one like the one we have printed below, or a very similar one which, just means the track record has been made up and the system has never been traded – here it is:

“CFTC RULE 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown”.

When you read the above, you will see that a track record that has this message has no supporting evidence of making any money at all.

There is a huge difference between making money online trading when you have all the prices at your disposal and trying to make them when you don’t. It’s the fudge factor. Or BS factor. You cannot use old results and tailor them as what to expect in the future.

There is not money made trading online with hindsight!

Most day trading systems are sold by marketing companies and not traders – if they were traders and they had confidence their system worked, they would present an audited track record of real time profits.

The question you need to ask yourself is – if the traders doesn’t have the confidence and doesn’t want to trade it, then why should I trust it?

Day trading is a great story – it does not always work. It often works better for the marketing company. Do your home work!
The time period is to short and all the volatility is random in short time frames – longer term your odds on to lose.

Online day traders are attracted to day trading because they think its low risk but the opposite is true its very high risk.

It’s true that online day traders only take small risks. On the other hand, most online day traders never run their profits and they can never cover the huge percentage of losses they take.

Day trading will make you lose and if you don’t believe me, try and find a real time track record supported by the brokers statements over the longer term – say, 2 years and you will never find one.

So the truth about making money day trading is it is likely to see you wiped out not make regular profits over time that the vendors who sell systems claim.

If you want make money online trading you need to study, practice, document your trading. Concentrate on this, get the right day trading  education and you could enjoy  trading success.

Online  trading can be a risky business; everyone accepts this, except the few who choose to delude themselves into believing otherwise.  Therefore, a trading plan must be put into place before one begins to trade online to make money.  Shares can go up as much as down, which means you must have the self-discipline to buy and sell at appropriate times without relying on emotional triggers.   It does not pay to be greedy; go in with a plan on how much money you will make or loose in any given trade and stick to it.  After locking in profits, with protective stops, it you can let a trade ride, but be aware even with protective stops in place, the market can and will turn against you without warning.
Trading websites are easy to find: your computer and your Internet connection, for instance, are one gateway to the stock,FOREX, and futures market.  You can buy and sell shares all at the click of a button, and all these buying and selling transactions are executed within one second on most websites.

Making money by trading online is not easy; it takes a lot of skill and determination to get anywhere in the  trading world.  If you have that skill and determination, then you can make money trading online.  You could be buying and selling like a skilled broker in a matter of months.

Many people see trading as a risky business, and that is correct: it is a very risky business; however, it is no different than buying real estate or any else that is speculative in nature.   Know your risks and let your profits ride when making money online trading.

That s why this book is essential to your business of making money online trading.   Jean Folger and Lee Leibfarth present an organized, top to bottom look at what it means to start, run, and ultimately succeed at the business of trading. As active traders with over 15 years of teaching and coaching experience, Jean and Lee wrote this book specifically to give you unlimited access to all the tools and skills necessary to becoming a profitable, self-sufficient trader.  Inside you ll find information that will turn you from a spectator to a full-time pro!   Gold mines and pitfalls of the Business of Trading: Learn what gears turn the market to take money right out of the markets, essential risk management techniques to protect your gains, and detailed information on how to harness the power of  technology so you can make money online trading.

Come discover what Jean and Lee already know the joys of being an independent trader.  Make Money Trading: How to Build a Winning Trading Business .  If you are serious about how to make money online trading the stock, futures, and FOREX markets, then this book is for you!

Discover simple and powerful day online trading strategies.   Start making money online with confidence and consistency.

If Day trading is Right For You And You Are Looking At How to Get Started,  Then This Bestselling Book On Day Trading Can Show You A Way To Achieve Your Financial Goals By Making Money Online Trading.!

How would you like to get this best seller, “The Complete Guide To Day Trading” as an eBook written by Markus Heitkoetter for free?   It’s the same book that Amazon sells for $15.95. You can get it by clicking here:  Rockwell Trading Free ebook.

Here’s what the book covers:

• Day trading is NOT for everyone – how to find out if it is right for you (Page 5)
• Is it really possible to make a living as a day trader? (Page 9)
• How much money you need to get started (Page 23)
• What you need to begin trading (Page 29)
• How to develop a profitable day trading strategy (Page 47)
• Stocks, Futures, Forex, Options – Which market is the best market to trade?
  (Page 51)
• Fundamental vs. Technical Analysis – Which approach is better? (Page 87)
• Bar charts, Line charts or Candlestick charts – Which one should you use?
  (Page 93)
• Chart reading and how to easily identify the direction of the market (Page 103)
• How to use Moving Averages, MACD, Turtle Trading, RSI and other popular trading approaches (Page 135)
• When to exit a trade and how to use stop losses, trailing stops, profit goals and time stops (Page 151)
• How to read and understand a performance report (Page 176)
• How to improve your trading strategy (Page 183)
• The 10 Power Principles – making sure that your trading plan works (Page 191)
• A good trading strategy is the key to trading success, or is it? (Page 203)
• The seven mistakes of traders and how to avoid them (Page 209)
• The three “secrets” to day trading success (Page 221)
• How to start trading without risking a single penny using a paper trading account (Page 235)
• PLUS: Ready-to-use trading plan templates, checklists, resource directories & more. (Page 243)

If you are serious about how to make money online trading, hurry up and grab your copy now!