Recommended Ebook: "The Forex Trading Course - A Self-Study Guide To Becoming a Successful Currency Trader" !!

A pioneer in Currency Trading Shares his Vast Knowledge!

The Forex Trading Course is a practical, hands-on guide to mastering currency trading. This book is designed to build an aspiring trader's knowledge base in a step-by-step manner-with each major section followed by a thorough question-and-answer section to ensure mastery of the material.

Written in a straightforward and accessible style, The Forex Trading Course outlines a practical way to integrate fundamental and technical analysis to identify high probability patterns and trades; and reveals how to develop a trading plan and appropriate strategies for different size trading accounts; how to control emotions and use emotional intelligence to improve trading performance; and much more.

Filled with in-depth insight and practical advice, The Forex Trading Course will prepare readers for the realities of currency trading, and help them evolve and achieve success in this dynamic market.

About The Author:

Abe Cofnas (Orlando, FL) has been the forex trading columnist for Futures magazine since 2001. He formed - one of the first Web-based interactive training sites devoted to forex trading in 2001 as well. Cofnas is also founder of, a forex education and entertainment company.

From The Back Cover:

"In addition to satisfying those with a healthy obsession to work on improving their professional skills, The Forex Trading Course will force readers to think outside the box and to develop an appetite for the pursuit of knowledge about trading."

- From the Foreword by Dr. Steve H. Hanke, Professor of Applied Economics Johns Hopkins University

"Abe Cofnas puts his outstanding credentials to work as he shares with readers a solid educational program in The Forex Trading Course. He delivers a straightforward explanation of the fundamentals that drive FX markets. He gives a detailed description of vital technical analysis tactics, including what set-ups to look for, trend line breaks, Fibonacci analysis, and my favorite, pivot point analysis. He ties it all together to teach traders various trading styles, from a scalper to a position trader, who want to capture longer-term trends for maximum profits. His strategies on stop-loss placement and profit targets are mandatory components that all traders will benefit from . . .immensely. Study this book. Read it and practice these principles. This book delivers the steps to success for all serious FX traders."

- John Person, author and President,

"I believe The Forex Trading Course is the best single resource available if you are serious about learning how to be successful in the forex market, whether you are a short-term trader or a long-term speculator. In this book, Abe Cofnas does what few can, he fuses together the key fundamental and technical analysis tools into an understandable framework that will allow you to develop and apply a comprehensive trading methodology that works over time. And as most real-life traders will tell you, that's the best you can do."

- Jack Crooks, President, Black Swan Capital

...Download The "Forex Trading Course - A Self-Study Guide To Becoming a Successful Currency Trader" FREE Now! ($45 Value!). CLICK HERE.

To Your Online Trading Success,
A Professional Forex and Stock Market Trader
Dan A.

P.S: If You Want to Learn More About Successful Ways for Trading In Forex, Take The First Step!...By Visiting HERE.


Stocks Trading: Finding Solid Companies to Invest In !!

Before You Start Reading Stock Charts Upside Down -- to determine which are accumulating or distributing, and when to buy or sell them – there is the issue of finding solid companies to invest in.

You may have heart about "Fundamental Analysis", which just like technical analysis could be made so overwhelming that you rather give up than start taking investing seriously…Some investment managers and writers about investing would argue that it is essential to learn to read the balance sheets and income statement of companies; to assess the quality of management; to call or meet with management, to correctly estimate the intrinsic value so as to know when a stock is undervalued…Tons of books on fundamental analysis could put you back into study mode for years.

Fortunately, a lot of that has become unnecessary since the publication of "Investors Business Daily". In the newspaper that William O’Neil pioneered you can find a lot of analytical data (notice I wrote "data", not "intelligence") that narrows down the number of companies you should investigate. In fact, the IBD 100 list, published every Monday in IBD, reduces some 10,000 companies listed on the exchanges down to one hundred worth your time.

How do you then pick out of these 100 a watch list of 10 to 12 stocks from which you select two to four to buy when your Chart Reading tells you it is time to buy them? I’ll spell out my approach, which does not entirely follow what Mr. O’Neil wrote in his books or tells in his workshops, but as any guru in the field he has a tendency to make things more complicated than necessary. Why else would so few women attend his workshops?

Let’s start with Earnings Per Share (EPS). IBD provides a ranking of companies based on EPS. If a company does not rank in the top five or ten percentile (meaning a score or 90 or higher), it should not belong in your watch list. The EPS rankings of all stocks can be found daily in IBD.Next, look at relative strength (RS) and group RS ranking. The RS should be bigger than 80 and increasing and the group RS ranking should be at least 85.

Next look at sales growth and earnings growth per quarter. Without sales it is impossible for a company to make earnings; so both sales and earnings growth better be growing more than 25% quarter to quarter. Earnings growth over time and return on equity should at least be 20% or higher. Management should still have a significant stake in ownership (20% or more), and an increasing number of institutional shareholders is also something to look out for.

Finally, my personal preference goes to companies that produce a product or service you understand. As I am not a chemist, biologist, pharmacist, material specialist....I shy away from companies that produce services or products that I do not understand. This does not mean I stay away from all technology. For example, I understand what a GPS system is, how useful it is for navigation and many other applications, so Garmin (GRMN) is a stock that fits in my criteria.
If you apply these simple criteria to the IBD 100 list you will quickly reduce the list down to a watch list of a dozen or so. Out of these the ones the two or three to buy are the ones that are accumuatling and come within 5% or less of their buy point, which you find through your chart reading, When there is a spike in volume and a significant price increase you buy the stock right at its Buy Point.

In spite of all the efforts by Bill O'Neil and company, not many people following this approach. Lots of investors who are just starting out take the IBD 100 list, pick the Top Ten Stocks and invest in several stocks from that shortlist. This is the worst possible use of IBD 100. Remember, IBD provides "data", that only you can transform into intelligence for your best advantage.

To Your Investments Success,
A Professional Stocks and Forex Market Trader
Dan A.

P.S: I hope that 2009 is a breakthrough year for you in every aspect of your life - including trading! Sign up for your FREE trial to our Stocks Trading Newsletter and see if you aren’t closer to reaching your goals in 2009! Go Here.

Investing In Gold! How To Go About It?

GOLD continues to be a popular form of investment right for a very long time. People prefer to invest in gold because the returns are usually high and above all gold is a very famous ornament. Even if they don't get good returns they wont face losses because their cosmetic purposes will be served. Some tend to posses gold even as a matter of prestige. It is regarded to be a good source of investment as it controls inflations and even helps you to raise finances in the future.

Gold Markets!

Gold is traded in many markets around the globe. London and New York are supposed to be large markets for gold and they function through the day. It is worth mentioning that Kong Kong and Zurich market are also open to trading for 24 hours. The gold market functions like a stock exchange in l aspects of buying selling and determination of prices though the fact remains that different factors influence the price.

World Gold Council!

World gold council is a forum of gold producers around the globe. The basic objective of this body is to disseminate information regarding investing in gold and also to create an awareness among the masses. They also lay down lot of guidelines for small scale producer's traders, consumers and other stakeholders. The association is headquartered in Geneva.

Is Investing in Gold a Good Idea?

If you are thinking of returns or results in the short term then gold is probably not the right option. Investing in gold is no doubt a profitable option as it can be quickly converted to cash. It is a convenient as you can carry it easily wherever you go unless the quantity is very high. Since the performance of gold market s directly proportional to stock market it becomes easy to make calculations.

Gold - A Precious Metal as Investment!

Gold enjoys innumerable advantages over other metallic forms. Platinum investment is very risky and moreover it is not easily convertible to cash. If you take the case of silver, it does not enjoy huge prospects in terms of financial gain. Moreover silver occupies lots of space when compared with gold and so you it can cost you more for transporting. This should sound out to be worthless propositions given the monetary benefits are not promising.

Factors to be Considered Before Investing in Gold!

You need to be very careful about investing in gold because unlike stock or other markets you don't have the option of investing a small amount. You must do lot of research and have a strong knowledge about the market information. You must decide how you are going to allocate it in the portfolio. Some investors choose to invest only in gold and not in any other sources. However this practice won't be suitable for all. Therefore you must first check up if you are falling under this category. Some other issues that are to be considered are as follows:

Factors that Influence Gold Price!

Like any other resource the supply and demand constitutes to be an important factor in determining the price of gold. Since gold is a precious asset people even hoard it and its demand and price could increase drastically during inflation and even when there are wars. The price of gold shows an upward trend in most cases irrespective of the consequences due to the sentiment which people owe to the metal. They are prepared to pay any price for it.

Gold Investment Strategies!

Some of the investors prefer to buy gold when the price increases because of the popular belief that it will increase further more and they can make profits by selling them thereafter. Other investors choose to buy gold when prices decline so that they can sell them at a higher profit when the prices increase. Another group of investors will make their decisions by testing if the current trend in pricing changes or not.

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To Your online Investments Success,
A Professional Stocks and Forex Market Trader
Dan A.

Stocks Investment: What Is a "Retained Earnings" Account?

A Special kind of account, called "Retained Earnings" is an interesting and important account. Most business people know it better as "Net Profit". Net Profit is, of course, your total income less your total expenses. For example:

Sales: $1600.00 USD

Cost of stock: $1200.00 USD

Operating expenses: $300.00 USD

Net Profit: $100.00 USD

So, after this series of transactions $100 profit is made. Since net profit is usually the same as retained earnings (they are not always exactly the same and this point is discussed later) and retained earnings is a liability, then it would seem net profit is actually something we don't want...Of course, this liability is a special case. It is not money owed to our suppliers, but money owed to "us" (since the company must issue its profits to its owners). In this case, from our perspective, this is a "good" liability. In reality of course, the company may decide to keep the profit as a reserve because its managers are expecting additional expenses next month, and so on. The Net Profit or retained earnings may be eaten up before the firm gets a chance to issue it to its owners.

From an accountant's perspective, operating a general ledger involves shuffling numbers between sets of asset and liability accounts. Obviously, the higher the numbers on the assets side, the better. These types of accounts are referred to as balance sheet accounts.

One of the key concepts that accountants use to ensure that they don't miss anything when updating account totals is that of balance. Every monetary transaction involves the interaction of at least two accounts. Let's write the above example out again in a form that an accountant would be slightly more happy with:

Sales: $1600.00 + (increase by)

Stock levels: - $1200.00 (decrease by)


$400.00 -

Operating expenses $300.00 (deduct expenses)


Net Profit: $100.00

In the above all the amounts that make up the transaction have been accounted for. Sales have been increased by $1600. We therefore need to offset this $1600 against other accounts that balance to $1600 also. This was achieved by deducting $1200 worth of stock (or increasing the cost of the sale by $1200 depending on how you look at it), increasing operating expenses by $300 and Net Profit the remainder. The principle of balance will be discussed in greater detail in the next section when we get to debits and credits. For now, lets continue to look at retained earnings.

The major problem dealing with only asset and liability accounts is that while they tell us how much we owe and how much we own, they don't tell us how we arrived at this situation. If the retained earnings account holds $10,000 what did we do right to arrive at this figure or if the balance is negative $3000 what did we do wrong?

In order to determine how the final total was made up, it is common accounting practice to expand the retained earnings accounts into income and expenses. Income, revenue or sales are usually thought of as assets and expenses, overheads or costs are thought of as liabilities. However, they are not quite the same thing. We don't really owe money to the "vehicle maintenance" expense account, we owe it to Joe's garage, for example. Likewise, we don't strictly speaking, get money from a sales account, we get it from a customer's account when they pay their bills.

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To Your Online Trading Success,
A Professional Stocks and Forex Market Trader
Dan A.