Membership Sites for Trading Education
I have a passion for teaching. Some say (I modestly report) that I have a gift for making the complex easier to understand and that I have a way of talking that is neither manipulative nor condescending.
There is so much hype surrounding the topic of trading stocks, Forex, and Options. Much of the media is dominated by the screamers - those who think their words matter more by talking loudly. Others will promise you vast amounts of easy wealth.
What is needed is just some simple guidance about which stocks to look at and how to interpret the technical indicators on specific stocks.
[Note: As of 6-14-14: I am currently creating a new site for traders called FSOPlus. This site will focus on Forex, Stocks, and Options. It will include:
* education (PDFs and Videos)
* online chat
* annotated charts
* swing trade picks and analysis
* a community of traders sharing knowledge
If you want to know more information, then click the "Contact Bob" link at the bottom of this web page.]
Since 2008, I've been leading the MorningHoursTrading chat room. In the chat room, we look at a list of gap up and gap down stocks each day and I make trades in a hypothetical account, announcing which stocks I'm buying for that account. I'll also be discussing the technical indicators that tell me when to take profits.
So, if you're looking for some guidance on when to buy and sell, you want to learn more about trading stocks, or you just want to be part of a trader's chat room, then you're welcome to join us (as long as membership is still open).
Here's the link:
Morning Hours Trading
Starting in June 2014, the MHT and FHT chat rooms were combined into one chat room. The new format allows me to share live charts, 3-5 day trading stock picks each morning, and live voice analysis of each trade. This is an exciting new development and allows members to execute better trades while also being a huge source for education on day trading stocks.
For four years, I led a service called Ichimoku Swing Trading. This site will be part of the new FSOPlus site mentioned above.
So why so many membership sites?
The fact is that trading by yourself is not easy. The attrition rate among new traders is high and one reason is that new traders make the mistake of thinking that trading is easy. So they begin trading with their hard-earned money and lose it quickly because they lack the strategies, education, and experience necessary to make a successful career of this business.
Membership sites allow you to learn from those traders who might have more success and experience than yourself. You can piggy-back off of their expertise.
So, rather than trying the Lone Ranger approach to trading, you might find that the expense of a membership site actually increases your net profits.
Most of the above membership sites offer risk-free trials so you can test the waters and see which one works best for you.