Prepare Monthly Stop Loss Carrier Billing And Process W Finance Tips for Online Stockmarket Trading

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Tips for Online Stockmarket Trading

Traders in shares, indices, forex or commodities should always have a background in basic rules, which revolve around going with the trend, limiting losses and good money management. In other documents, we have covered these items extensively, how to avoid mistakes and other important factors to look for when trading CFDs. However, there are some general rules that don’t have to be strictly enforced, but add another level of comfort to what can be a very stressful process.

A simple first rule – look at the cost

Market makers and other brokers are not fools, and the setting of prices and spreads (or slippage) depends on many factors, including time of day, volatility and news items before and after. If you have a system that isn’t suited to fast, intra-day moves, and your chosen time frame is to see results in anything up to a month, then minute-by-minute time is less important than getting the overall picture right.

On that basis you need to minimize your slippage costs as much as possible, so place trades when spreads are narrowest. After a while you should be used to the usual minimum spread on most stocks, and unless there is a pressing need to deal immediately (perhaps on a profit warning or takeover news), then it always pays to ensure that the spread is at the minimum. behavior

This means not trading in the first few minutes of the trading day as buyers and sellers position themselves for the session. Sometimes not only may the entire market be marked down, for example a steep fall in Far Eastern stocks overnight, but the spread may widen due to the frenetic nature of early trading. After a while though the spreads should usually return to normal, and you can behave more comfortably.

Example: You have a system using 3% targets and 2% stops, and you normally buy and sell Royal Bank of Scotland shares with a minimum spread of 1p, which represents a spread of 0.05% or 5 basis points. From time to time the spread widens and can be as much as 5p after an external event or early morning. This means that if applied to both sides of the trade, dealing in this wide spread will cost an additional 0.4% or 40 additional basis points and effectively negates almost half of your system’s margin, which is quite serious.

Going forward, it pays to stick to the biggest and most liquid stocks for the majority of your trading and here’s a quick list of the UK leaders and which have the narrowest spreads:

Banks: Barclays, HBOS, HSBC, Lloyds, Royal Bank of Scotland, Standard Chartered

Beverages: Diageo, SAB Miller

Food manufacturers: Unilever

Food Retail: Tesco

Household goods: Reckitt Benckiser

Insurance: Aviva, Prudential

Mining: Anglo American, BHP Billiton, Rio Tinto, Xstrata

Oil: BP, Royal Dutch Shell, BG Group

Pharmaceuticals: AstraZeneca, GlaxoSmithKline

Telecommunications: BT, Vodafone

Tobacco: The BAT Industry

Utilities: National Grid

Rule 2: Learn a few stocks very closely and increase your knowledge

Many market professionals focus on one area of ​​the market, and some trade only a handful or only one issue, be it a specific commodity, Treasury bonds or a stock market index. You will find yourself accustomed to the ebb and flow of certain stocks, and if you feel bullish with these companies, then you have an edge.

If you decide to focus on ten UK stocks, you should know their trading range, average daily volume, the sentiment of their particular sector, previous support and resistance levels, the tone of previous management comments and the reason for the news.

Furthermore, it goes without saying that when trading commodity stocks, including mining and oil companies, you need to be aware of movements in the price and direction of major metals and crude oil. Because there are other factors when organizations buy or sell in the market, such as dividend payments, overall market performance or acquisition expectations, share price movements can sometimes cause an increase or decrease in the underlying commodity, but it is very important for each. The overall profitability of the company. Likewise, overall retail sales figures are important for the retail sector, which is obvious, and the health of the housing market and interest rates affect financial stocks.

A couple of additional rules

‘Trend is your friend’ is a valid theme in swing trading, but it goes long when price offers more upside potential, or there is another volume and/or candlestick signal, otherwise you risk buying at the top. The goal is to ride an established trend, so while it’s okay to miss the first part of the move, you don’t buy when the trend is about to reverse.

Broker upgrades and newspaper tips are a waste of time, as they are usually the turn of the market to trade in advance. Some analysis can be great and thought provoking, but the people giving the advice can sometimes have a different agenda. Price and volume action are key when trading, but of course fundamentals should also be examined for long-term decisions.

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