Category Archives: Tips

Day Trading Tips: Helping Intraday Traders Make Decisions

With the sudden interest of more people to work at home, there is also a surge in interest on how to become a day trader. Day trading, which was previously done exclusively by banks and large brokerage firms, is a type of financial instrument trading where intraday traders buy and sell financial instruments in one single trading day. It is highly profitable but involves a lot of risks. Because of the popularity of the internet, anybody can now do intraday trading.

There are a lot of tips on how to become a day trader. One of the very first tips for new players is to educate one’s self on how day trading is done. The internet can be a very rich source of information regarding day trading. There are a lot of websites offering strategies and tips to help new and even experienced day traders make decisions. It can be helpful if the new day trader can find somebody experienced to mentor him/her because day trading is very risky. The mentor can suggest which of these numerous strategies and tips are more commonly used and more reliable. A day trader can establish one’s own strategies and styles as he/she learns the ropes of intraday trading.

A new day trader must also look for an online broker to utilize for his/her day trading transactions. There a lot of online brokers available online. There are also review sites available regarding online brokers to find out which of these brokers offer the best services and most acceptable commission rate. The mentor can also make suggestions in choosing an online broker. Once the new player has chosen his/her online broker, he/she must open an account with the online broker.

A charting account program is needed to aid in identifying trading opportunities. The charting software can be installed and a chart must be setup for every financial instrument that one plans to trade. The chart can also be used to back test one’s chosen trading methodology.

The online broker can also give the new player a practice account in order to test his/her chosen trading methodology. A practice account doesn’t use real money. It uses play money instead. The chart application is used to monitor the financial instruments market in session. The new player can now practice day trading using the play money. Once he/she is comfortable with the practice account results, the new player can now use his/her real account in actual day trading.

To make a great improvement in day trading, one must analyze his/her successes and failures not only in the real account but in the practice account as well. The player must realize why his/her strategies worked or why the strategies failed. It is through realization that one learns impressively. The player can also develop his/her own strategies by analyzing his/her mistakes and successes.

With online trading, quick returns are possible but it is very risky. Any decision made can be very profitable or very unprofitable. Money must be managed competently and one must be disciplined in order to succeed in day trading. There are a lot of tips available on how to become a day trader but these tips and strategies are worthless if the individual do not put to heart all his/her learning.

Golf Swing Plane Tips – Do You Really Understand What This Means?

It is important to understand what the term ‘the plane of the swing’ actually means. These golf swing plane tips will help clarify this.

The plane of the swing refers to the angle that the club swings around your body. Obviously every golfer will have a different swing plane and this is determined by your stance. Where it becomes tricky is when you begin your swing because you are not in the right plane, and you must learn how to swing into it once you are halfway into your backswing.

These golf swing plane tips will give you an idea of how to accomplish this. The first tip is to place a quarter on your left shoe. As you play the shot, attempt to keep the coin there. This has all to do with your balance. If the coin falls to the inside of your foot, you have rolled your front foot whilst on the backswing. This indicates that you have transferred too much weight backwards.

If the coin happens to land in front of your foot, then you have lifted your foot too high off of the ground. This is an indication of too much weight being transferred onto your back foot.

If the coin falls to the outside of your foot, then you have rolled your foot too far towards the outside.

All of the above can be solved by working on your balance during your swing. Attempt to keep your balance even and finish with your weight over the arch of your leading foot.

Another good golf swing plane tips is learning how to cock your wrists when your swing is half way back. This is also called the hinge. What this entails is practicing to rotate your hands and forearms so you find the right plane. Perfecting the rotation of your left arm is the secret to building a good swing. You will end up with a swing which you can easily repeat as often as necessary.

Try out these tips:

1. Stand facing the ball normally.
2. Do not let your shoulders move, rotate your left forearm 45 degrees.
3. If done properly your body will have not moved.
4. As you turn your body to start the backswing, look at your clubface, it should be pointing towards the sky.
5. Your arms are ready to swing to the top of your golf swing plane.

When practicing, concentrate on not having too much tension in your stance and work at the speed of your backswing. Both of these can mean that your arms will either over rotate, or just not rotate enough.

By following these golf swing plane tips you can learn how to develop an effective golf swing plane. Nothing comes naturally in the game of golf; practice is the only way to develop the perfect swing.