- The Parallel trading course has 200 pages filled with secret hints and tips for day traders.
It consists of 200+ colour charts to illustrate every small detail that a trader needs to become profitable.
Parallel day trading course is based on a simple; easy to follow most effective system .World most successful traders are using this system.
This course is designed for beginners but experienced trader can get more profitable if they follow the system. This course will help you to make money faster but safely.
This course also offers three hours free online one on one class.
Complete money back guarantee if it can not produce the success rate it calimed.There is no doubt that you will make money if stick to the system.
Saturday, September 27, 2008
Why you should buy this course?
Saturday, September 20, 2008
Why you need a trading plan?
• What instrument (stock, forex, options, future, CFD etc) you want to trade and why? I trade stock and forex not because I like stock or forex market I have definite reasons to trade those, you need to know why you are trading individual stock not index?
• Which market (NYSE, NASDAQ etc) you want to trade?
• What is best time for you to trade why? (Suppose for forex London open is the best time to trade)
• How you will select a stock or a currency pair that will give you the best result.(I have 12 specific rules to select a stock that helps me a lot to avoid over trading)
• The maximum percentage you will risk on each trade. This most important for new trader to learn risk management. I follow three golden rules to manage my risk.
• How many lots/share you will trade per trade (position size).I always follow two different rules to know my position size.
• Which time frames you will look at. Time frame is very important aspect to any trading. I follow 5 and 15 minutes chart for equity .Any good set up will appear in any time frame but the point is exit will be different in different time frame.
• A trading plan will give you clear-cut entry strategy, where should you enter and why .My trading plan has eight specific entry strategy.
I think exit is the key to a successful trading plan. An exit strategy will show you where to exit and why. I use three different exit strategies.
Saturday, September 6, 2008
Course outline:
Course outline
Part 1
1. Study basic business skill
a) Money management
b) Time management
c) Writing your own business plan
d) Setting realastic goals
e) Achieving goals
f) Record/Journal keeping
g) Bookkeeping
2. Business management setups and planning
a) Business structure
b) Capital preservation
c) Capital allocation
3. Business taxation
4. Business management resources
a) Office setup
b) Computer setup
c) Internet provider setup
d) Backup data provider
c) Choosing Broker
d) Choosing charting software
e) Choosing scanning software
f) Choosing news provider
5. Business development period
a) Monitoring performance
b) Changing plan - depending on your performance
6. Business psychology and trading mindset
7. Pre-market
a) Analysis
b) Toolkit
c) Preparation
8. Open market activity
a) First reversal period
b) Second reversal period
c) Dead zone
d) Bond market close
e) Last moment rush
Part 2 (Stock and forex)
1 The market dynamics.
2. Who are the players in the financial market?
3. How does the financial market work?
4. Pattern day trading margin rules.
5. When can we trade? Time zones and trading session for equity and forex trades.
6. How tape reading (time and sale window) can help you to make the right decisions.
7. What is level 1 and level 2? What does it mean to day traders?
8. Order types and how to use them.
9. Money management: Why this is the most important element of our trading?
10. Position sizing: Why this is the key to money management (two methods explained).
11. Stop loss: Where to put stop loss and why (three methods explained).
12. Trailing stop and partial exit strategy.
13. Risk and reward ratio: How this can be critical to the system.
14. Probability: How high probability trading system can change your account
15. Basics of chart reading (candlestick chart, bar chart, line chart)
16. Candlestick charting (Most important candlestick chart pattern, how to use them to your advantage)
17. List of all indicators available
18. What is Support and resistance? Why they are so important and how to use them in day trading.
19. Trend line analysis: How can we say which one is valid?
20. Technical analysis, why we only use technical analysis.
· Head and shoulder pattern: How to trade them (two methods)
· Cup with handle pattern: How to trade them
· Double top/bottom
· Triangle: Why triangles are so popular
· Flag: How to identify flags and trade them
· Channel: How to use this in day trading
· Consolidation: Three/four month breakouts
21. Indicators I use, how they can help you to trade
22. Volume analysis: Why and where we need to look for increase in volume
23. Psychology of trading: Why some traders will always make money and some don’t .
· How to select a winning stock every morning.
· Entry strategy
· Exit strategy
Grade A set ups (Success rate 70-80%):
· Parallel set up 1
. Parallel set up 2
· Parallel set up 3
· Parallel set up 4
· Parallel set up 5
· Parallel set up 6
· Parallel set up 7
Grade B set ups (Successes rate 50-60%):
· Parallel set up 8
Grade A set ups (Successes rate <50%)>
. Parallel set up 9
. Parallel set up 10
.Parallel set up 11
Part 3 (Forex)
1. Benefits of forex trading
2. Forex economic indicators
3. What to look for in a forex firm?
4. Forex set-ups (successes rate :60-70%)
a) Support and resistance bounce and breakout (4 hours time frame)
b) Traditional Triangle pattern with new edge
c) Traditional Wedge pattern with new edge
d) Channel bounce and breakout
e) The flag consolidation breakout
g) The broadening formation-consolidation before the reversal
h) The pin bar reversal
i ) Fibonacci reversal
5.Advanced forex trading set up(success rate :70-80%)
A. Pivot magic with exponential moving average: Only for short term trading (15 minutes and 1 hour time frame). If you don’t know pivot levels and how to use them, you might be missing a big tool in your short term trading. I have only explained in brief what you need to know to start with the tools with some real trading charts pictures.
B. Pure price action foot print: Short/swing trading (4 hour and 1 hour time frame) system. This is what every trader should learn, no matter what indicator you use you have to have clear understanding of the price actions. I have tried to explain this as easy and clear as I could.
C .Average true range stop price projection: Short/swing trading (4 hour and 1 hour time frame) system. This system is only based on one indicator and price behaviour. All three systems are the three best performing systems I have ever used in my last two years in real trading with real money. They show you exact entry and exit levels; money management is not included in the advanced system.
6. Why every trader should have a trading journal
7. General trading rules
8. Most common mistakes
9. Most important websites: More then 100 financial websites
10. Brokers and software: top 20 brokers
10. Free scanner: five free scanners
11. Most important books: 10 best books on trading.
