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	<title>Trading System Reviews &#187; Beginner</title>
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	<link>http://tradingsystemreviews.net</link>
	<description>....Real Reviews of Trading Systems</description>
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		<title>INO TV &#8211; Instant Online Trading Seminars</title>
		<link>http://tradingsystemreviews.net/beginner/ino-tv-instant-online-trading-seminars/</link>
		<comments>http://tradingsystemreviews.net/beginner/ino-tv-instant-online-trading-seminars/#comments</comments>
		<pubDate>Mon, 18 Aug 2008 15:52:07 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Beginner]]></category>
		<category><![CDATA[Day Trading]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[Futures]]></category>
		<category><![CDATA[Options]]></category>
		<category><![CDATA[Spread Trading]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Technical Analysis]]></category>
		<category><![CDATA[Trading Plan]]></category>
		<category><![CDATA[Video Tutorial]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[currency]]></category>
		<category><![CDATA[seminars]]></category>

		<guid isPermaLink="false">http://tradingsystemreviews.net/?p=67</guid>
		<description><![CDATA[Read User Reviews of <a href="http://tradingsystemreviews.net/day-trading/ino-tv-instant-online-trading-seminars/" title="INO TV - Instant Online Trading Seminars">INO TV Online Seminars</a>. They say - "At <a href="http://tradingsystemreviews.net/day-trading/ino-tv-instant-online-trading-seminars/" title="INO TV - Instant Online Trading Seminars">INO TV</a>, success is not just a destination, it’s a journey that we will make with you." Do you agree?]]></description>
			<content:encoded><![CDATA[<p><em>Format:</em> online video seminars<br />
<em>Cost:</em> $99.95 per year or $49.95 per quarter (correct as of 18th August 2008)<br />
<span id="more-67"></span></p>
<h3>Their Pitch</h3>
<p>At <a href="http://tradingsystemreviews.net/day-trading/ino-tv-instant-online-trading-seminars/" title="INO TV - Instant Online Trading Seminars">INO TV</a>, success is not just a destination, it’s a journey that we will make with you. As an <a href="http://tradingsystemreviews.net/day-trading/ino-tv-instant-online-trading-seminars/" title="INO TV - Instant Online Trading Seminars">INO TV</a> subscriber, you have unlimited access to our huge digital library of trading seminars and there’s no limit on how many seminars you can watch or listen to. All content is streamed to you and is available anytime, anywhere on a 24/7 basis.</p>
<p><a href="http://tradingsystemreviews.net/day-trading/ino-tv-instant-online-trading-seminars/" title="INO TV - Instant Online Trading Seminars">INO TV</a> has powerful search capabilities that will help you find the authors, subjects and titles you want, quickly and easily. If you want to study a specific trading topic, type a search word or simply surf through the titles in our <a href="http://tradingsystemreviews.net/day-trading/ino-tv-instant-online-trading-seminars/" title="INO TV - Instant Online Trading Seminars">INO TV</a> channels to quickly find what you want.</p>
<h3>The Channels</h3>
<h4>Channel 1 &#8211; <a href="http://tradingsystemreviews.net/category/beginner/" title="Trading for Beginners">Beginners</a></h4>
<p>This is a great channel to learn how to trade and understand how the markets work. We have over a 147 titles playing on this channel. You are sure to find a title that will help you quickly and easily discover different techniques on how to trade in any market.</p>
<h4>Channel 2 &#8211; <a href="http://tradingsystemreviews.net/category/technical-analysis/" title="Technical Analysis Systems">Charts &amp; Analysis</a></h4>
<p>In this channel you will learn everything you need to know about charts and how to analyze them. With over 80 title to choose from, you will be sure to hook up with several videos and workbooks that will show you exactly how charts work in the marketplace.</p>
<h4>Channel 3 &#8211; <a href="http://tradingsystemreviews.net/category/forex/" title="Forex and Currency Trading Systems">Currency Trading</a></h4>
<p><a href="http://tradingsystemreviews.net/category/forex/" title="Forex and Currency Trading Systems">Currency Trading</a> is the biggest market in the world, and is a huge global business. In this channel you will learn how to <a href="http://tradingsystemreviews.net/category/forex/" title="Forex and Currency Trading Systems">trade currencies</a> and understand how profitable they can be. If you are not familiar with <a href="http://tradingsystemreviews.net/category/forex/" title="Forex and Currency Trading Systems">currency trading</a>, here&#8217;s your opportunity to learn from the experts. Over 70 titles to choose from in this channel.</p>
<h4>Channel 4 &#8211; <a href="http://tradingsystemreviews.net/category/day-trading/" title="Day Trading Systems">Day Trading</a></h4>
<p>Here&#8217;s everything you need to know about <a href="http://tradingsystemreviews.net/category/day-trading/" title="Day Trading Systems">Day Trading</a>. We have over 80 titles from many well know experts so you have plenty to choose from. If you are interested in <a href="http://tradingsystemreviews.net/category/day-trading/" title="Day Trading Systems">Day Trading</a> then this is the channel for you.</p>
<h4>Channel 5 &#8211; <a href="http://tradingsystemreviews.net/category/futures/" title="Futures and Commodity Trading Systems">Futures/Commodities</a></h4>
<p><a href="http://tradingsystemreviews.net/category/futures/" title="Futures and Commodity Trading Systems">Futures and Commodities</a> have been huge in the past few years. In this channel you will learn how to trade in <a href="http://tradingsystemreviews.net/category/futures/" title="Futures and Commodity Trading Systems">Futures and Commodities</a> markets and how to use leverage to your advantage. This channel is our biggest with over 230 titles to choose from.</p>
<h4>Channel 6 &#8211; <a href="http://tradingsystemreviews.net/category/trading-plan/" title="Money Management and Trading Plans">Money Management</a></h4>
<p>Learning to trade is one thing, learning how to manage your money is another discipline altogether. We have over 130 titles in this channel with many different experts to teach you how to manage and grow your money no matter what happens to the economy.</p>
<h4>Channel 7 &#8211; <a href="http://tradingsystemreviews.net/category/options/" title="Options Trading Systems">Options Trading</a></h4>
<p><a href="http://tradingsystemreviews.net/category/options/" title="Options Trading Systems">Options Trading</a> both in <a href="http://tradingsystemreviews.net/category/stocks/" title="Stock Trading Systems">Stocks</a> and <a href="http://tradingsystemreviews.net/category/futures/" title="Futures and Commodity Trading Systems">Futures</a>has been growing in popularity over the last few years with many investors and traders incorporating this asset class into their portfolios. With over 82 titles, this channel will teach you everything you need to know about how to <a href="http://tradingsystemreviews.net/category/options/" title="Options Trading Systems">trade in options</a>trade in options.</p>
<h4>Channel 8 &#8211; Market Psychology</h4>
<p>This is perhaps the most important part of trading and perhaps the most misunderstood. In this channel with over 60 titles, you will see how psychology plays such an important role in trading. We recommended that every <a href="http://tradingsystemreviews.net/day-trading/ino-tv-instant-online-trading-seminars/" title="INO TV - Instant Online Trading Seminars">INO TV</a> member view this channel.</p>
<h4>Channel 9 &#8211; <a href="http://tradingsystemreviews.net/category/spread-trading/" title="Spread Trading Systems">Spread Trading</a></h4>
<p>In this channel you will learn from some of the world&#8217;s top experts in the art of <a href="http://tradingsystemreviews.net/category/spread-trading/" title="Spread Trading Systems">Spread Trading</a>. <a href="http://tradingsystemreviews.net/category/spread-trading/" title="Spread Trading Systems">Spread Trading</a> allows you to take advantage of market differences. This investment discipline is heavily used by the pros and one you need to be familiar with. With 8 titles in this category, you will learn everything you need to know about this professional approach to trading.</p>
<h4>Channel 10 &#8211; <a href="http://tradingsystemreviews.net/category/stocks/" title="Stock Trading Systems">Stock Trading</a></h4>
<p>Most everyone at some point of their life either trades or invests in the stock market. In this channel we have assembled over 180 titles to make sure that you can learn everything you need to know to successfully invest and <a href="http://tradingsystemreviews.net/category/stocks/" title="Stock Trading Systems">trade in stocks</a>.</p>
<h4>Channel 11 &#8211; <a href="http://tradingsystemreviews.net/" title="Trading System Reviews">Trading Systems</a></h4>
<p>Here&#8217;s a channel that you can view to learn about different <a href="http://tradingsystemreviews.net/" title="Trading System Reviews">Trading Systems</a> and how they work in different markets. You will also learn how you can create your own <a href="http://tradingsystemreviews.net/" title="Trading System Reviews">Trading Systems</a> to best suit your personality. With over 40 titles in this channel, it has proven to be one of our most popular categories.</p>
<ul></ul>]]></content:encoded>
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		</item>
		<item>
		<title>Michael Covel&#8217;s Classic System and Trend Trading Courses</title>
		<link>http://tradingsystemreviews.net/beginner/michael-covels-classic-system-and-trend-trading-courses/</link>
		<comments>http://tradingsystemreviews.net/beginner/michael-covels-classic-system-and-trend-trading-courses/#comments</comments>
		<pubDate>Tue, 24 Jun 2008 21:48:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Beginner]]></category>
		<category><![CDATA[Trend]]></category>
		<category><![CDATA[michael covel]]></category>
		<category><![CDATA[trend following]]></category>

		<guid isPermaLink="false">http://tradingsystemreviews.net/?p=51</guid>
		<description><![CDATA[Want to know how great traders make their decisions, what rules they use for buying and selling, how they control risk and use it to their advantage? We have researched and assembled some of the most profitable, unique and proprietary trading systems and rules available. Additionally, Michael Covel's books have broken new ground by allowing beginner to advanced to see behind the curtain how millions are really made.]]></description>
			<content:encoded><![CDATA[<p><em>Format:</em> Books and optional CDs.<br />
<em>Cost:</em> $999 one off fee (price correct as of 24th June 2008) or $1299 with Audio CDs<br />
<span id="more-51"></span><em>Guarantee:</em> Conditional 1 year money back guarantee (see site for details)</p>
<h3>Their Pitch</h3>
<p>This <a href="http://tradingsystemreviews.net/" title="Reviews of Trading Systems">system trading</a> course is designed to do one thing: let you learn the techniques and psychology needed to make potential millions in all markets across the globe. Our <a href="http://tradingsystemreviews.net/" title="Reviews of Trading Systems">system trading</a> course will help every investor or trader regardless of their background, home country, or net worth. </p>
<p>We have researched and assembled some of the most profitable, unique and proprietary trading systems and rules in existence that every trader or investor can apply to their portfolio to try and make above average returns. So, if you want a unique educational offering that teaches the techniques and psychology of the greatest traders of our time, shows how they make their decisions to buy and sell with confidence, shows how they control risk and use it to their advantage to make millions, then this is a <a href="http://tradingsystemreviews.net/" title="Reviews of Trading Systems">system trading</a> course for you. Whether or not you have no experience or lots of experience our <a href="http://tradingsystemreviews.net/" title="Reviews of Trading Systems">system trading</a> course is suitable for you.</p>
<p>Who are some of the top traders/investors bestselling author <a href="http://tradingsystemreviews.net/beginner/michael-covels-classic-system-and-trend-trading-courses/" title="Reviews of Michael Covel's Trading Systems">Michael Covel</a> has either interviewed or spent time with in person to create this offering? Who are the people who have influenced the curriculum we teach to all of our clients? Boone Pickens, Bill Miller, David Harding, Salem Abraham, Larry Hite, Ed Seykota, John W. Henry, Harry Markowitz, Michael Mauboussin, Kevin Bruce, Toby Crabel, Jerry Parker, Eric Bolling, Jon Sundt and many other top traders have spent time with <a href="http://tradingsystemreviews.net/beginner/michael-covels-classic-system-and-trend-trading-courses/" title="Reviews of Michael Covel's Trading Systems">Michael Covel</a>.</p>
<p>This list doesn&#8217;t mean we promise you their exact techniques, no one can, but we do aim to teach the lessons of their success and answer the 5 critical questions of any <a href="http://tradingsystemreviews.net/" title="Reviews of Trading Systems">Trading System</a> with step by step rules, namely:</p>
<ul>
<li>What market do you buy or sell at any time?</li>
<li>How much of a market do you buy or sell at any time?</li>
<li>When do you buy or sell a market?</li>
<li>When do you get out of a losing position?</li>
<li>When do you get out of a winning position?</li>
</ul>
<ul></ul>]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Motley Fool&#8217;s Hidden Gems</title>
		<link>http://tradingsystemreviews.net/beginner/motley-fools-hidden-gems/</link>
		<comments>http://tradingsystemreviews.net/beginner/motley-fools-hidden-gems/#comments</comments>
		<pubDate>Fri, 20 Jun 2008 04:33:55 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Beginner]]></category>
		<category><![CDATA[Fundamental Analysis]]></category>
		<category><![CDATA[Newsletter]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[motley fool]]></category>

		<guid isPermaLink="false">http://tradingsystemreviews.net/?p=48</guid>
		<description><![CDATA[Warren Buffett, the world's greatest investor, says you can earn you 50% profits per year. And if what he says is true you could essentially double your retirement nest-egg every 20 months for the rest of your life. But of course, there's one condition...]]></description>
			<content:encoded><![CDATA[<p><em>Format:</em> eMail Newsletter, Online Community<br />
<em>Cost:</em> $199 per year (price correct as of 13th June 2008)<br />
<span id="more-48"></span><br />
<em>Guarantee:</em> 30 day free trial.</p>
<h3>Their Pitch</h3>
<p>Dear Investor, Step back with me a moment to 1999. It&#8217;s the peak of the greatest bull market in history, and Wall Street is abuzz. Why all the commotion? Because Warren Buffett, the world&#8217;s greatest investor, says you can earn you 50% profits per year. And if what he says is true you could essentially double your retirement nest-egg every 20 months for the rest of your life.</p>
<p>But of course, there&#8217;s one condition&#8230;<strong>You must have LESS than $1 million to invest!</strong></p>
<p>I know, that sounds crazy. After all, the big money on Wall Street has all the advantages, right? In fact, that couldn&#8217;t be further from the truth. In fact, the man called the world&#8217;s greatest investor would love to be in your shoes.</p>
<p>A big player like Buffett has massive amounts of capital to put to work. It&#8217;s simply not practical for him to take positions in small-cap stocks — no matter how undervalued or how much he loves the business.<br />
This is the single most important advantage we have over the professional investors on Wall Street. It may be the secret path to building the wealth of your dreams&#8230;faster than you ever thought possible.</p>
<p>Surely, there will never be an easier way or a better time to explore the profitable world of small-cap investing than with &lt;a href=&quot;&#8221; rel=&#8221;bookmark&#8221;&gt;</a></p>
<ul></ul>]]></content:encoded>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>PipHolic.com Pivot Point System</title>
		<link>http://tradingsystemreviews.net/beginner/review-of-pipholiccom-pivot-point-system/</link>
		<comments>http://tradingsystemreviews.net/beginner/review-of-pipholiccom-pivot-point-system/#comments</comments>
		<pubDate>Wed, 04 Jun 2008 00:54:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Beginner]]></category>
		<category><![CDATA[Forex]]></category>

		<guid isPermaLink="false">http://tradingsystemreviews.net/?p=47</guid>
		<description><![CDATA[The forex signals are aimed to help those who don’t have a trading system but can’t help jumping into a trade. Instead of trading blindly, they can follow my forex signals.]]></description>
			<content:encoded><![CDATA[<p><em>Format:</em> Blog<br />
<em>Cost:</em> Currently free<br />
<span id="more-47"></span></p>
<h3>Their Pitch</h3>
<p>The <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex</a> signals are aimed to help those who don’t have a <a href="http://tradingsystemreviews.net" title="Trading System Reviews">trading system</a> but can’t help jumping into a trade. Instead of trading blindly, they can follow my <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex</a> signals.<br />
There are many reasons why I give <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex</a> signals and trading tips for free and will keep it that way:</p>
<p>   1. The <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex</a> signals is based on a renowned daily pivot trading techniques. So, as for the <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex Trading</a> signals, there is basically nothing special despite I use my own daily pivot trading approach. Everyone can generate it their self, be it using my pivot calculator or manually calculate the pivot.<br />
   2. Providing a paid <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex</a> signals will obviously give me another nerve-wracking and time-consuming work. I don’t want that, not only because I don’t have enough time but also because it likely to decrease the optimum quality of the previously run service. This is also the reason why I stopped both intraday <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex</a> signals and <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex </a> swing signals .<br />
   3. I got help from many experienced <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex</a> traders, for free. That is true, there were many traders who gave me their hands when I was in my early time learning <a href="http://tradingsystemreviews.net/category/forex/" title="Forex Trading System Reviews">Forex Trading</a>. This is a sentimental reason, of course.</p>
<ul></ul>]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Motley Fool Stock Advisor</title>
		<link>http://tradingsystemreviews.net/beginner/motley-fool-stock-advisor/</link>
		<comments>http://tradingsystemreviews.net/beginner/motley-fool-stock-advisor/#comments</comments>
		<pubDate>Mon, 02 Jun 2008 03:02:29 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Beginner]]></category>
		<category><![CDATA[Fundamental Analysis]]></category>
		<category><![CDATA[Newsletter]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[motley fool]]></category>
		<category><![CDATA[stock trading]]></category>

		<guid isPermaLink="false">http://tradingsystemreviews.net/?p=46</guid>
		<description><![CDATA[Read User Reviews of Motley Fool's Stock Advisor. Two renegade brothers are irritating the Wall Street establishment by telling it like it is. They're brash, irreverent and they have clobbered the market for the last 6 years]]></description>
			<content:encoded><![CDATA[<p><em>Format:</em> eMail Newsletter, Online Community<br />
<em>Cost:</em> $149 per year (price correct as of 3rd June 2008)<br />
<em>Guarantee:</em> 30 day money back.<br />
<span id="more-46"></span></p>
<h3>Their Pitch</h3>
<p>2 renegade brothers are irritating the Wall Street establishment by telling it like it is.</p>
<p>They&#8217;re brash… irreverent… and FOR 6 YEARS:</p>
<p>Right on the Money!<br />
To celebrate <em><a href="http://tradingsystemreviews.net/newsletter/motley-fool-stock-advisor/" title="Review of Motley Fool Stock Advisor">Motley Fool Stock Advisor</a></em> clobbering the market for 6 years running — we&#8217;d like to give you a bundle of timely investment reports, valued at more than $170 (and a FREE TRIAL to our flagship newsletter, <em><a href="http://tradingsystemreviews.net/newsletter/motley-fool-stock-advisor/" title="Review of Motley Fool Stock Advisor">Motley Fool Stock Advisor</a></em>)…</p>
<p>Because if you want to build real wealth — <em>by investing early in America&#8217;s best up and coming companies</em> — the time to act is NOW. And the place to be is with us…</p>
<p>You see, <em><a href="http://tradingsystemreviews.net/newsletter/motley-fool-stock-advisor/" title="Review of Motley Fool Stock Advisor">Motley Fool Stock Advisor</a></em> Co-founders David and Tom Gardner have a <em>proven</em> track record of picking winning stocks…</p>
<p>According to <em>Hulbert&#8217;s Financial Digest</em>, which rates the performance of over 180 <a href="http://tradingsystemreviews.net/category/newsletter/" title="Reviews of investment newsletters">investment newsletters</a>, Since inception in April 2002, <em><a href="http://tradingsystemreviews.net/newsletter/motley-fool-stock-advisor/" title="Review of Motley Fool Stock Advisor">Motley Fool Stock Advisor</a></em> portfolio has gained 20.02% annualized — far outpacing the Wilshire 5000 Index&#8217;s gain of 12.85% annually.</p>
<p>Today, tens of thousands of <em><a href="http://tradingsystemreviews.net/newsletter/motley-fool-stock-advisor/" title="Review of Motley Fool Stock Advisor">Motley Fool Stock Advisor</a></em>  members rely on the Gardner brother&#8217;s passion for superior returns, their commitment to sound business research, their brotherly rivalry, and their combined 40 years of investment experience. The results speak for themselves. Since the inception of our service in April 2002, they&#8217;ve rewarded <em><a href="http://tradingsystemreviews.net/newsletter/motley-fool-stock-advisor/" title="Review of Motley Fool Stock Advisor">Motley Fool Stock Advisor</a></em> members with the following gains versus the stock market&#8217;s average return as measured by the S&amp;P 500:</p>
<ul>
<li>David Gardner: + 87.07%</li>
<li>Tom Gardner: + 52.12%</li>
<li>S&amp;P 500: + 26.71%<br />
<span class="smalltext"><em>(results as of December 18, 2007)</em></span></li>
</ul>
<p>Those returns are translating into real wealth for <em><a href="http://tradingsystemreviews.net/newsletter/motley-fool-stock-advisor/" title="Review of Motley Fool Stock Advisor">Motley Fool Stock Advisor</a></em> members.</p>
<ul></ul>]]></content:encoded>
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		<slash:comments>2</slash:comments>
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		<title>So, what makes a good trading system?</title>
		<link>http://tradingsystemreviews.net/beginner/so-what-makes-a-good-trading-system/</link>
		<comments>http://tradingsystemreviews.net/beginner/so-what-makes-a-good-trading-system/#comments</comments>
		<pubDate>Mon, 26 May 2008 23:14:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Beginner]]></category>
		<category><![CDATA[Information]]></category>
		<category><![CDATA[advice]]></category>
		<category><![CDATA[beginners]]></category>
		<category><![CDATA[Trading Plan]]></category>

		<guid isPermaLink="false">http://tradingsystemreviews.net/?p=45</guid>
		<description><![CDATA[So you are looking to get into the markets or you have just started getting into the markets? So what is your opinion on how to invest? Do you like the sound of day-trading with it's manic buying and selling or perhaps you really like the idea of buying a bargain to see it's true value emerge later? Do you devour the words of Warren Buffet with zeal or are you more into reading tomes on Technical Analysis like Candlestick Patterns and Donchian Breakouts? Or perhaps every word I have just said is all mumbo jumbo and you just want to know what you should be buying right now?]]></description>
			<content:encoded><![CDATA[<p>So you are looking to get into the markets or you have just started getting into the markets? So what is your opinion on how to invest? Do you like the sound of day-trading with it’s manic buying and selling or perhaps you really like the idea of buying a bargain to see it’s true value emerge later? Do you devour the words of Warren Buffet with zeal or are you more into reading tomes on Technical Analysis like Candlestick Patterns and Donchian Breakouts? Or perhaps every word I have just said is all mumbo jumbo and you just want to know what you should be buying right now?<span id="more-45"></span></p>
<p>This article is designed as an overview of the elements you need to develop a trading system that will allow you to become a successful trader, and to point out some common misconceptions and mistakes people make along the way.</p>
<p>OK, so which style is the best for trading? Well that really depends, there are people out there making money from short term trading and from mid-term trading and from long term trading and every increment in between. However, the thing to remember is there are far more people losing money regardless of the investing style.</p>
<p>So, what separates the winners from the losers? That is quite simply that the good traders are the ones that have a trading system or style with an edge and are disciplined enough to exploit it. Now just to make sure we are all on the same page, for the purposes of this article an edge is the amount you will make on each trade on average allowing for expense such as the cost of executing your trade and tax. This edge is what your trading system is built around so you need to understand exactly how your edge works to design your trading system.</p>
<p>However, when most people start trading they only consider the entry. I cannot remember how many times I have been asked for stock tips, but unless the person understands how much to invest, when to sell etc. this is useless information. In fact in the excellent book Trade Your Way To Financial Freedom there is a trading system that makes money based on randomly picking a stock and buying it but due to the exit criteria and position sizing, over the long term it will make money. You need to remember it is the entire trading system that gives you your edge and must describe what will happen at every point of your trade &#8211; how you enter a trade, how much you put at stake and under what conditions you exit the trade.</p>
<p>As an analogy lets do a comparison between a supermarket and a jeweller. Supermarkets have very low margins, usually only a few percent on each item, whereas a jeweller can have margins of 100% and more. So, if that is true how do supermarkets survive when their margins are so much smaller than those of a jeweller? You’ve guessed it, supermarkets sell many more items in the same time that the jeweller sells one.</p>
<p>So let us consider two trading systems, one that makes 10% per trade and the other that makes 100% per trade. Now let us assume we can make one 10% trade per day and a 100% trade every 10 days and start both trading systems with $1000. At the end of 10 days our 100% trade has taken our account to $2000, a 100% gain. However each 10% trade will make us $100 and we can do one of these each day. This means we have made 100×10=$1000, so both accounts have $2000 at the end of the 100 days?</p>
<p>In fact this is not the because we have the power of compounding working for us in the second example. Compounding is the ability to use your gains as part of the investment on your next trade to increase your gains. So for example if we do our first trade we now have our initial $1000 plus the gains from the first trade, which is $100, so we now have $1100. If we now use this for the next trade we will make 10% on this, which is not $100 but $110 (10% of $1100) If we keep doing this we do not end up with $2000, but actually nearer $2600&#8230;quite an improvement! This is an example of what I meant about understanding your edge &#8211; at first glance the two trading systems appear to be equal, but we now see that the second has a distinct advantage.</p>
<p>Now this all looks very simple, this edge thing &#8211; your percentage multiplied by the number of trades you can make, easy? Not quite, remember I mentioned that your edge was your average gain per trade. this means some will lose and others will win. So we can assume that getting a high percentage of trades ‘right’ will make a more profitable trading system than one that gets a lower percentage of trades ‘right’? As you’ve probably guessed already this is not always the case.</p>
<p>To ease the confusion let us consider a game with a 6 sided dice in which you and your opponent have 100 pebbles. Let’s say you are the thrower and on each throw of the dice you can bet as many or few of your pebbles as you like. On each throw the non-thrower keeps your stake, but if you roll a ’six’ they must give you 10 times your stake back. So who will usually get all the pebbles? If you are the thrower you will lose 5 out of every 6 times on average, so this must mean you will lose?</p>
<p>OK, you are probably already ahead of me, but let’s do a quick piece of math to test it. Let’s say you bet 1 pebble on each throw, so over 6 throws you will lose 6 pebbles, but on average you will hit one ’six’ during that time in which case the non-thrower will give you back 10 pebbles. This means that over 6 throws you will win 10-6=4 pebbles. So even with a failure rate of 5 in 6 you are a winner and the non-thrower, with a success rate of 5 out of 6, is a loser!</p>
<p>This is great, so we have a winning strategy for this game, bet one pebble and wait for the other guy to go bust. But wait, the market doesn’t go bust, so if we play against the market and bet more than 1 pebble at a time we will win more on each throw. Say we bet 10 pebbles and win, then we get 100 back. If we bet all 100 of our pebbles then we will get back 1000 and just imagine what you could do with 1000 pebbles… OK, not too much unless you find yourself under siege from an army of Goliaths! Where were we, yes betting all 100 pebbles &#8211; that was a dumb idea! We know that 5 times out of 6 we will lose all our pebbles and then we cannot play anymore. However if we bet just one, we aren’t making as much as we could.</p>
<p>So how many should we bet each time to make sure we do not go bust, but still make the best return we can? This is actually a hard question to answer and in trading system terms this is called your position size. So how about we bet 10 pebbles, this means we can make 10 bets before we go bust and since we will win one in every 6, this is fine? Well we know that if you roll a dice 6 times it is very rare you get 1,2,3,4,5,6 &#8211; in fact this is just as rare as rolling 6,6,6,6,6,6. So the chances of getting exactly one of each number in your 6 throws is very low. This means there are going to be some long runs where you do not roll a six. So it might be that most of the time you get away with betting ten pebbles, but if you roll a string of ten losses you wipe out completely.</p>
<p>Now let&#8217;s say you did get some winners under your belt and that you have been successful and made it up to 1000 pebbles and you are still betting 10 pebbles &#8211; this is in fact the same proportionally as betting 1 pebble when you had 100. So if we always bet 10% of our pebbles, will that work? How will that perform against betting 20% of our pebbles? See what I mean about this being hard to answer?</p>
<p>So your trading system is all about your edge and how it actually works right down to your position size.</p>
<p>There is one last component of your trading system, which is often the hardest to nail, it’s the discipline to follow through and execute your trading system. It has been shown that human beings take losses far harder than gains, in fact almost twice as badly, so if you win one and lose one you will usually feel worse than had you not done anything at all! Going back to our dice game, although we know this is a winning trading system, can you really put up with a 1 in 6 win rate? We know that sometimes you can easily roll twenty or thirty times and not see a six, but if you are trading this system, at what point do you think your trading system has stopped working and give up?</p>
<p>Each one of those losers is your money going down, when do you throw in the towel &#8211; after 10 losers, 20 losers, 30 losers? Of course if you understand your trading system and should therefore plough on, but it is hard to take mentally. The best traders appreciate this and admit they are human. When things go against them and make them feel bad they simply walk away for a while to recharge their batteries. They know their trading system is still there and they can come back to it. The psychological element is at least as important as the other elements in your trading system. If you construct a trading system with an edge, but one that you are not psychologically able to trade, then it is not a successful trading system for *you*</p>
<p>So a good trading system gives you an edge which you can exploit and understanding this edge is vital to give you the confidence to trade it, even when things are going against you. Understanding this edge means you can build your trading system, defining your entry, exit and position sizing criteria, which ensures you know what will happen at each point of each trade. These criteria will allow you to thoroughly test and optimize your trading system. Finally you should consider the psychological elements during the testing &#8211; can you execute this in the same manner as a model portfolio? For example let&#8217;s say your trading system states you need to do something everyday just before market open &#8211; can you do this reliably? If you know your trading system will regularly generate draw-downs of 33% &#8211; so a $100 000 portfolio, this means you might loose $33000 &#8211; can you mentally handle loosing this amount of money?</p>
<p>This article may have made you go &#8216;oh no&#8217; but the simple fact is that all good things need work. If you are looking to get some $97 eBook from the internet that will make you millions for doing nothing, then you are probably better off replying to those e-mails from Nigeria promising to transfer millions to your bank account.</p>
<p>Sure you can make large amounts of money making big bets on penny stocks, but you can also loose your money and if you have no money you are out of the game and you cannot make anymore. Warren Buffet has made himself one of the richest people in the world with an annual compound growth rate of far less than the 100%+ promised on each trade by many stock tipping newsletters.</p>
<p>Chasing gains with no attention to the risks will destroy your chances of making good returns as losses affect your performance far more than gains. To demonstrate, the US Stock Markets return somewhere around 10% compound growth over the long term. So let&#8217;s say you take an aggressive strategy to beat these returns. You take your initial $1000 and gain 100% in one year, then lose 50% the following year. Another person just puts their money into an index tracking fund and gets the 10% returns, who ends up with the most? A quick bit of math shows us that after the first year we made 100% of $1000, which is $1000, so we now have $2000. The second year we lose 50% of $2000, or $1000, so we have a total of $1000, we are back to where we started! Compare this with the person that just put their money into an index tracker and got the average returns from the market. They now have $1000 plus the $100 from the first year, which is $1100, then the 10% on this from the second year, which is $110, so they have $1210!</p>
<p>In fact if you can&#8217;t construct a good trading system of your own, you can do worse that just following this strategy as at this rate you will turn $1000 into $2593 over ten years. However, if you can design a trading system that returns 20% then you will end up with $6191 over the same period. If you can find a trading system that lets you mix it with the likes of Warren Buffet and return 30% then you will have $13785 over ten years &#8211; over 1200% gains in ten years! So as you can see a trading system that can improve your returns by even relatively small amounts will make your long term gains vastly superior.</p>
<p>In the often quoted words of Thomas Edison &#8220;The reason a lot of people do not recognize the opportunity is because it usually goes around wearing overalls and looking like hard work.&#8221; But the hard work in building you a good trading system will repay your efforts many times over.</p>
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		<title>Secrets of Successful Traders</title>
		<link>http://tradingsystemreviews.net/beginner/secrets-of-successful-traders-from-2stocktradingcom/</link>
		<comments>http://tradingsystemreviews.net/beginner/secrets-of-successful-traders-from-2stocktradingcom/#comments</comments>
		<pubDate>Sun, 04 May 2008 20:22:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Beginner]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[stock trading]]></category>

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		<description><![CDATA[Read User Reviews of Secrets of Successful Traders from 2StockTrading.com - Guaranteed Money From The Stock Market, Step By Step]]></description>
			<content:encoded><![CDATA[<p><em>Format:</em> eBook<br />
<em>Cost:</em> $49 (price correct as of 3rd May 2008)<br />
<em>Guarantee:</em> 56 day money back guarantee plus $50<br />
<span id="more-38"></span><br />
<em>Bonuses:</em> The following eBooks are included</p>
<ol>
<li>Think And Grow Rich</li>
<li>The Buffet Report</li>
<li>As A Man Thinketh</li>
<li>The Way To Wealth</li>
<li>The Art of Money Getting</li>
<li>Acres Of Diamonds</li>
<li>The Science of Getting Rich</li>
<li>The Magic Story</li>
</ol>
<h3>Their Pitch</h3>
<p>I don&#8217;t know how to tell you that you can also make money and beat those so called &#8220;Expert Traders&#8221; using my proven strategy without it sounding like some shoddy &#8220;rip off&#8221; artist. I am not a professional copywriter and I really don&#8217;t know how to convince you that the testimonials you&#8217;re going to read on the <em><a href="http://tradingsystemreviews.net/stocks/secrets-of-successful-traders-from-2stocktradingcom/" title="Reviews of Secrets of Successful Traders from 2StockTrading.com">Secrets of Successful Traders from 2StockTrading.com</a></em> site are not fake and I&#8217;ve not paid anybody to write them for me. So here goes -</p>
<p>I’ll Teach You How To Safely &amp; Easily Turn $1000 Into $1 Million In 5 Years Or Less&#8230;Guaranteed, or I’ll Refund Your Money &amp; Pay You $50 For Wasting Your Time!</p>
<p>Now, please don&#8217;t Expect Me To Teach You Some Sort Of Boring <a title="Reviews of Technical Analysis Systems">Technical Analysis</a>, <a href="http://tradingsystemreviews.net/tag/fibonacci/" title="Reviews of Fibonacci Systems">Fibonacci</a> Curves, Bollinger Bands etc. Because My Strategy Is So Simple That Even A 10 Year Old Kid Can Understand &amp; Implement It Easily To Make Guaranteed Money From The Stock Market. </p>
<p>I Will Show You How To Make Guaranteed Money From The Stock Market, Step By Step With The Help Of Pictures, Examples And Whatever Is Required To Make You Understand Everything </p>
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		<title>Trading For Beginners</title>
		<link>http://tradingsystemreviews.net/beginner/trading-for-beginners/</link>
		<comments>http://tradingsystemreviews.net/beginner/trading-for-beginners/#comments</comments>
		<pubDate>Mon, 28 Apr 2008 03:00:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Beginner]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[beginners]]></category>
		<category><![CDATA[stock trading]]></category>
		<category><![CDATA[surefire-trading.com]]></category>
		<category><![CDATA[Technical Analysis]]></category>

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		<description><![CDATA[Read User Reviews of Trading For Beginners by SureFire-Trading.com Stock Trading Tutorial]]></description>
			<content:encoded><![CDATA[<p><em>Format:</em> eBook<br />
<em>Cost:</em> $49.95 (price correct as of 3rd May 2008)<br />
<span id="more-25"></span><em>Guarantee:</em> 30 Day Money back<br />
<em>Bonuses:</em> The following eBooks are included</p>
<ol>
<li> 1-2-3 System</li>
<li> A Practical Guide To <a href="http://tradingsystemreviews.net/category/swing-trading/" title="Reviews of Swing Trading Systems">Swing Trading</a></li>
<li> Breaking the Broker Myth</li>
<li> The Pocketbook Of Economic Indicators</li>
<li> <a href="http://tradingsystemreviews.net/category/day-trading/" title="Reviews of Day Trading Systems">Day Trading</a> Mind ebook</li>
<li> Introduction To <a href="http://tradingsystemreviews.net/category/forex/" title="Reviews of Forex Trading Systems">Forex</a></li>
<li> The eBook Of Technical Market Indicators</li>
<li> The Art Of War</li>
</ol>
<p>Please note <a href="http://tradingsystemreviews.net/trading-plan/surefire-trading-plans/" title="Reviews of Surefire Trading Plans">Surefire Trading Plans</a> includes <a href="http://tradingsystemreviews.net/category/beginner/" title="Reviews of Beginner Trading Systems">Trading for Beginners</a> for free.</p>
<h3>Their Pitch</h3>
<p>So, if you buy this ebook you will solve all your financial problems &#8211; not a chance! It&#8217;s a sad part of life that trading has more than its fair share of B.S. If you have been trading for some time or you are new to trading, the hard fact is you need truth, not lies when it comes to this game.</p>
<p>The simple fact is I don&#8217;t know you, so I have no idea of what you are capable of. But here&#8217;s what I do know, I have been where you are! I have made the mistakes, spent countless thousands of dollars on books, courses and seminars.I even flew to different parts of the world to meet the so-called &#8221;Gurus&#8221;. Did I discover the secret of trading from them? Nope!</p>
<p>Still reading, so what you really want is to learn how to trade properly &#8211; right? That my friend will keep you busy for many years to come. But here&#8217;s what I can do. I can teach you:</p>
<ul>
<li> How to kidnap those Trading Profits</li>
<li> How to trade three different <a href="http://tradingsystemreviews.net" title="Reviews of Trading Systems">trading systems</a></li>
<li> How to manage your risk</li>
<li> How you can be right only 50% of the time and still make money</li>
<li> The basics of trading that every trader has to know</li>
<li> How to use <a href="http://tradingsystemreviews.net/category/technical-analysis/" title="Reviews of Trading Systems utilising Technical Analysis">technical analysis</a> to power your trading</li>
<li> How to use probability to give you the edge</li>
<li> Why 90% of all traders fail</li>
<li> Why of those 90% who fail: 10% go bankrupt</li>
<li> What really makes a good trader</li>
<li> What you should trade</li>
</ul>
<p>This isn&#8217;t some mamby-pamby flimsy ebook. This is 103 pages of hard hitting, shockingly honest scientific facts. This book is so revealing&#8230; and&#8230; so provocative&#8230; it will literally take your breath away.</p>
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