Products for Institution

The following are some of the products for institutions (banks, funds, money managers, portfolio managers and their traders). What is unique about these products that they are tailored for the word of currencies. While there are literally thousands of products, most - if not all - fail to address the real needs of institutions and professionals working with currencies. Examples of such failures are many:

• No news feed that are relevant for currency traders. E.g. economic news completely missing.
• Incomplete or missing calendar of important events.
• Even the premium-rate data feeds missing vital data and indices about future markets, or gold markets, or options, etc. and the list is very long.
• While a platform might provide 100+ technical indicators, their relevance to currencies are not considered.
• Vital forms of technical charts missing from charting software.
• No support for back testing currencies with leverage, interest rates, currency-related money management or portfolio back-testing is even completely missing.

Training Products


Money management




To train the benefits (how to protect capital) and drawbacks of stops (e.g. how they reduce profit or even cause losses with working strategies) a money management education package can be used. Other subjects are: high probability trades, risk-reward ratios, etc.


Currency Trade Simulator using Fundamental Data





Learning currency trading is not possible without the use of fundamental data. Uniquely providing historical fundamental data, the currency trade simulator can "back-test" and "optimize" the trader. Testing, educating him or her on proper use of both technical and fundamental data as well as other forms of analyses correctly use.



Currency Trade Simulator is a sort of time machine. It takes the trader back in time, and he must make his or her trading decisions using technical data and fundamental data without being able to cheat (and look at the next day news or charts).


The only better way to train traders is to let them trader in the present time with real money, however, that is a bit time consuming and sometimes expensive. It is much less time consuming option to take the trader back to the past in a "time machine" and show him the news, charts and other information as it was in the past on that day.




Carry Trade Portfolio Tester


While carry trades are very popular among hedge funds and other institutions, there are practically no testing tools exist to verify currency portfolios covering also interest rate changes and their impact throughout the history of the portfolio.


The Carry Trade Portfolio Back Tester combined with Currency Trade Simulator might be the best tools for some hedge funds to invest their money to verify their trading decisions and educate their traders, portfolio managers, money managers for such a sophisticated trade set up.

What to invest?

Invest into something you understand.

It is easy to get pulled into foreign stocks, foreign real-estate, close-end ufnds, low-price stocks, market hypes, penny stocks, options, futures, golds, bonds, junk bonds, tax-free securities, real estate, spread betting, neighbour's business, commodities, lottery, pilot games, etc.

The basic idea is this: there are always opportunities.

Do you really understand the area you are getting into? If the answer is no, you should not!

Objective on Money

Your purpose is not to be right at all time.

But not too loose when you are wrong, and win when you are right.

This requires getting out early.

The purpose number one: protect the investment capital. Opportunities come and go. There will be always a new one.

Money, emotions

Whenever your money is on the line, you will loose "cool". It is emotional.

People, hope that the price turns around instead of getting out.

People, fear that the price turns around so they get out instead of waiting their profit grows.

People are funny. Average people at least, realy funny. They hold the stocks when it is loosing value in hope it goes back, and they want to sell when it is going up in fear of loosing the profit they made.

Let's state it different: fear of making profit and hope while you are loosing?

Learn these emotions well. Fear, hope. They should not be listened to, they give wrong advice at the wrong time. It is part of human nature. When you have something like a house, you fear of loosing it. When you have nothing, you hope life turns better. Unfortunatly, it does not work in trading.

Being afraid of letting your profit grow, will limit profit. Hoping that losses go away, will stop you from action... the action of making profit instead of the loss.

The road out?

Don't trade for money - which is very emotional. But trade to trade well.

Information

In the good old days, we said "not enough information".

That excuse, is no longer the truth. It is a stupid excuse.

All information about companies published on the internet in governemnt webiste. All economic statistics are published. We all have access to the "trading floor" of stock exchange thanks to Internet and the latest trading softwares. We all can have access to all the news that is travelling around the world e.g. by Reuters.

Reading blogs, working with social networking websites, we can be directly exchange e-mails, chat or whatever with major leaders of companies or their friends.

Not enough information? Wow! The guy must be blind or stupid or what? The problem is what informatin to use from the sea of data?

Courses

The following are on one or other recommended list:

1. www.pristine.com. They have a 6-month coaching program. Recommended by them and by Toni Turner
2. Conernerstone Secuirities, Inc. - One of the First Companies to Specialize in Electronic Trading. Recommended by Pristine above
3. Trader's Edge Net, www.daytrading.com run by Marc Freidfertig and George West. Recommended by Pristine above.
4. Daily Trader, www.dailytrader.com by Toni Turner
5. Daytraders On-line, www.daytraders.com by Toni Turner
6. Online Trading Academy, www.Tradingacademy.com by Toni Turner
7. Ttrading Markets.com, www.tradingmarkets.com by Toni Turner

Too Much Information

It is not possible to trade without knowing enough to trade well.

However, information, reading books, articles, newspapers, newsgroups, etc. will not put money into our pocket. Only actual trading will.

According to George Andrea's research it took 1500 years to double the amount of human knowledge a few hundred years ago. Today, the available information doules with each year. (Think of Internet just as an example.)

So how can you keep up?

Who is the right person?

When you are reading books, listen to lectures or attend courses. Be sure to understand that you might need a different training.

The most successful fund manager, might not be the right choice teacher. Why?

First, of all, managing a fund with millions or billions is different from managing an account with 5.000. In fact, it might be easier to double a 5.000 in a few days than even to invest millions into a single share.

Banks and fund manager are trading with different purpose in mind and with different strategies than us.

Specialization is also part of the game.

NASDAQ works differently than New York Stock Exchange. US stocks work differently than others. Different financial products respond differently to news or to various indicators. The world of trading is so large that you can get easily lost in it.

Find an area for your-self that you would like to master and concentrate on your own niche. Don't start all strategies at once, but build your knowledge slowly.

Coaching

There are dozens of good financial newspapers. There are hundreds of useful trading tools, and thousands of strategies.

But information in itself will not make us money.

One useful advice: find a mentor. Or even better, a coach to train you to be a good and profitable trader.

Most people who fail at trading, fail because they did not find the right teacher to learn from.

How to find him?

But how to find the the right teacher?

There are money false prophets out there.

There are brokers who only teach you how to use their software so that They can make money on you.

It is interesting to note, that these brokers somewhat think backward. Their interest would be actually that you make lots and lots of trades. If you sink fast, their income also disappear fast.

Money is a powerful force to wake up greed in us. With greed we are ready to pay for any preacher who tells us we are going to be rich. There are endless number of preachers who know "the game" of telling us what we would like to hear.

So choose a teacher, who is successful himself. And choose wise.

Second, make sure he is indeed a teacher, a trainer or a coach and that he is good at training you.