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Multi-Million Dollar Job Opening: Educating Traders to Become Millionaires

NexGen
By : NexGen
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Published : Feb 18, 2008
Length : 9
Type : White Paper
 
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Overview :

Every new trader has thought about it, making a million dollars or more trading from the comfort of their own home as their primary business. The thought is appealing and the rewards are endless but there is a catch. You must have a methodology. If you do not own one or have not developed one you must buy a proven methodology.

Download this paper and read how the T-3 Fibs ProTrader by Nexgen is a complete package of every indicator you will need to call trades on any market any timeframe you wish to trade at the highest level.

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Job Description: You must be able to work for 3-4 hours per day, you must be disciplined and have a great work ethic, be able to work with others and above all endure a short and intensive training process. Computer skills are a plus. Benefits: Vacation time whenever you want, unlimited salary potential, no boss, no inventory, and no set hours of operation.Every new trader has thought about it, making a million dollars or more trading from the comfort of their own home as their primary business. The thought is appealing and the rewards are endless but there is a catch.The catch (and question) for everyone is the same, “CAN I do it?” The answer is simple, YES you can, but the more intriguing question is this, “How to”? What I am going to do is walk you through the steps that in my opinion you will need to take in order to become a successful trader and seal your job interview for the multimillion dollar position of a trader.You must have a methodology. If you do not own one or have not developed one you must buy a proven methodology. The T-3 Fibs ProTrader by Nexgen is a complete package of every indicator you will need to call trades on any market any timeframe you wish to trade at the highest level. The software works on Stocks, Bonds, Funds, Commodities, Stock Index futures and almost every tradable market. You can use any methodology you wish as long as they have several simple components. The methodology you must break down into three simple to use aspects. This is the process that I have found that has been very successful when teaching traders how to trade.The 3 components you must address to be successful are as follows:1. You must know WHERE are the areas that may turn the market2. You must know IF the areas are anticipated to hold or breakYou must have EXACT entry and exit timing.You must have some type of method that calculates accurate support and resistance areas. Selling the top or buying the bottom will provide you with the lowest risk, highest reward trade setups. We use Fibonacci areas generated by the T-3 Fibs ProTrader software. You may use whatever you wish but to give you a simple example this is what the software looks like and your levels may be different depending on the type of analysis you use. You will see that the levels that are generated by the software do a great job of predicting in advance where the market will have the highest potential to bounce and turn. Step number two in the process is to have a momentum type indicator that you can use to determine if your areas are going to hold or break.We use Macd lines to determine strength or weakness into an area. Here are a couple of examples that show how we use the Macd lines.This first example shows a divergence that is bullish and if at a key Fibonacci support you would have a high probability of the Fibonacci support areas holding. Once you know your areas and that they are anticipated to hold you must then define a set of SIMPLE and EASY to implement rules for trading these areas.Any type of simple entry can be use but we have found that price will typically make reversal bar at a key area that is expected to hold.Reversal bars are simple to see and easy to trade and the rules are simple and we will teach them to you here so you can see the simplicity.In this case which is a bullish reversal, price must make a lower low, then close inside the prior bar’s range. This will complete the reversal bar pattern which is a well known price patter.Below is an example of a bullish reversal bar that could be used to buy a key support area that is anticipated to hold.
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