Step 1: 7 Step Process For Building A Profitable Trading Business

Download as pdf or txt
Download as pdf or txt
You are on page 1of 14

thankyou

HOME FOLLOW OUR UP TO DATE TRADING VIDEOS ----> FORUM BLOG FACEBOOK TWITTER YOUTUBE BLOGGER BUZZ MYSPACE

Sign Up To
Thankyou for confirming to join A Traders Universe. You will receive your first email within minutes. A Traders Universe
[FREE Membership]
If you do not receive an email with a link to the members area please click here

7 Step Process For Building a Profitable Trading Business


<>Trading Stocks, Options, Forex, CFD's, Commodities or Futures successfully is a dream for many,
but a realization for a very few. The building blocks for successful trading include the right plan,
system and discipline, but most important the right method to suit you, and all this comes from the
right education. To build a profitable trading system and business requires the right development.

Development of a successful trading business requires a different approach than most realize and the
proper approach is certainly not the way mainstream marketers will have you believe. You wont
become successful trading someone else's system unless you are very similar to the creator of that First
system by way of goals, resources and personality just to name a few. For the most part those that Name
succeed create their own system or adapt someone else's system to suit themselves and their needs. Email
Therefore no two successful trading businesses are alike. Trading is not like a franchise.

Listed below are crucial steps to building a successful trading business: Submit

1. Understanding the markets


2. How to analyze the markets
3. Setting goals and building a business plan Sign up and receive:
4. Self analysis
5. Preparing for success ●

6. Finding or creating a system 5 Trading Systems including the


7. Assessing '4T's EOD Trading System' and 2
'Intraday 4T's Trading
Systems' on instant video....plus+

STEP 1
'7 Step Course - Building a
Profitable Trading System'....plus
+

'Roadmap to Trading Success'


http://www.atradersuniverse.com/thankyou.html (1 of 14)1/25/2011 9:06:42 PM
thankyou

Understanding the markets series...and lot's more

Unless you have been trading a while you probably don't know the mechanics of each market ...a value of $99, but yours free.
available. What's more, brokers nowadays are offering multiple markets from the one account. It is
therefore even more important to become aware of how each market works. Below is a list to get you
started. First
Name
Stocks Email
Options
Futures
CFD's Submit
Forex

Stocks Ebook - Download here a free in depth ebook explaining more about the Stock Market, To find out more click here
companies and what you need to know about Stocks (right click and save - pdf file) - Stocks Ebook

Forex Ebook - Download here a free ebook explaining more details about the Forex market and how
you the trader will interact (right click and save - pdf file) - Forex Ebook

STEP 2
Sign up to our free members area
and receive the Roadmap to Success
How to analyze the markets
series, and our 4 T's Trading System
on online video all for free.
Now that you have a fair idea of each market it's time to get into learning to analyze. The reason it's
important to get a feel for this now because you need to find something that suits you; there is no
Let's get you making money from the
point purchasing some tuition or spending time learning some system that involves analysis you don't
like or feel comfortable with. Below are some links to help you with some forms of both technical markets now!
analysis and fundamental analysis.

Bollinger Bands
Trendlines
Stochastics
MACD
Dean Whittingham
Stock Chart Patterns

"Dean, thanks for all of your time and


Traders White Board Series effort, and I truly appreciate
everything that you do for us. I'm
Elliott Wave Analysis and Market Psychology into the traders universe all of the
way and look forward to your next
lesson..STEVE"

"Good Day, Thank you for the


http://www.atradersuniverse.com/thankyou.html (2 of 14)1/25/2011 9:06:42 PM
thankyou

INO TV informative emails, I enjoy reading


them and find them very informative
and enlightening...Ummar"

FOLLOW US ON
Instant Trading Seminars, On Demand 24/7, Anytime, Any Place, Unlimited Usage, 15 Channels,
Over 500 Titles, FREE Bonuses

Channel 1 - Channel 7 -
Beginners Options Trading

Channel 2 - Charts Channel 8 -


& Analysis Market
Psychology
Channel 3 -
Currency Trading Channel 9 -
Spread Trading
Channel 4 - Day
Trading Channel 10 -
Stock Trading
Channel 5 -
Futures/ Channel 11 -
Commodities Trading Systems

Channel 6 - Money
Management

Zacks Premium FULL ACCESS Membership - 30-day free trial - Profit From Zacks Stock
Investment Research!

Zantrio - Trading Community. Zantrio is a trading community for active traders including day traders,
swing traders and active investors of the financial markets. Offering a realm of free services including
our market commentary, charts & quotes, comprehensive market dictionary, message board and our
world renowned free daily stock picks, the focus at Zantrio is to provide quality, market oriented
material and services. For the serious professional day traders we offer Day Trading Picks for Stocks,
Forex and Futures.

http://www.atradersuniverse.com/thankyou.html (3 of 14)1/25/2011 9:06:42 PM


thankyou

Simulation - Wall Street Survivor - FREE TO PLAY - Fantasy Stock Trading Contest

What you get when you sign up


WIN CASH!
Compete in the $100,000 contest and play our daily games

No Delays! Multiple Contests


Compete in our weekly, monthly stock and option contests

Bullseye Jackpot Game


Place your guess on the closing price of the stock of the day and win the jackpot

Guess the Next Tick Game


Bet Loyalty points on whether the stock will go up or down at the next interval

Simulation - Wall Street Survivor - FREE TO PLAY - Fantasy Stock Trading Contest

Learn how to trade with Market Investing 101 E-Course

1. Understanding different investment choices - from Mutual Funds to FX trading


2. How the stock market works and what makes it move - Bulls, Bears and Brokers
3. Making your first trade - stock quotes and order types
4. Building your $100,000 practice portfolio - risk, diversification and buying
5. Now that I own it, when do I sell it? Exit strategies and stop loss orders
6. Fundamental analysis - understanding earnings and cash flow
7. Technical analysis - common charting terms and techniques
8. Current Hot Topics in Trading - from Day trading to Arbitrage
9. Introduction to Options - calls, puts and volatility
10. Survivor’s Guide to Success - developing YOUR strategy

* 10 information packed chapters will give you a solid foundation of investing knowledge
* You’ll learn how the stock market works, what your investing options are, how to analyze
opportunities, craft your own investment strategy and much, much more
* We will help you create your own virtual $100,000 practice portfolio and teach you how to
manage it in our real-time, real-world, stock market simulation
* Each chapter includes exercises, quizzes and reading list suggestions to give you the knowledge
you need to succeed
* PLUS, you can learn and practice at your OWN pace. Go as fast as you want or take as long as
http://www.atradersuniverse.com/thankyou.html (4 of 14)1/25/2011 9:06:42 PM
thankyou

you want. YOU are in control!

Whether your investment goal is to make money right now or save for the future or both. We make it
easy, fun and affordable to take control of your investing future.

Learn how to trade with Market Investing 101 E-Course

Demo Trading - All brokers below offer demo trading accounts and other tools and services
to help you..

Virtual Trade at optionsXpress

Stocks/Options

Download the Demo Virtual Trade


For all your Stocks and Options needs (US and Australia)

Join Easy-Forex
Forex
Forex Gateway. Including Brokerage, Online platform, easy deposit and
withdraw, education on forex, managing and lot's more. An ideal place for
someone who is concentrating on Forex only.

http://www.atradersuniverse.com/thankyou.html (5 of 14)1/25/2011 9:06:42 PM


thankyou

Forex Platform - Get up to $1,000 Free Bonus and start


Trading!

Forex

Options

Forex

STEP 3
Setting goals and building a business plan

Now that you've got some feel for the markets and the various ways to analyze them the next few
steps are absolutely crucial. These are the steps most beginners never consider or balk at. The next
few steps are where you find your edge and what you can bring to the markets. We have given you a
basic look at how to start off with building a business plan however we also highly recommend getting
a copy of the Trading Suit of Armor as this by far the most comprehensive manual for creating a
http://www.atradersuniverse.com/thankyou.html (6 of 14)1/25/2011 9:06:42 PM
thankyou

successful trading business because it also takes care of the next step - self analysis.

1. Draw up a business plan - simple business plan

2. The Trading Suit of Armor - Give 10 people the same trading system and the one who
owns 'The Trading Suit of Armor' program is guaranteed to out-perform the other 9

STEP 4
Self Analysis

Self analysis is where you find your edge, your resources, your strengths, and also your weaknesses.
During school we were taught to improve on our weaknesses as if success came from being balanced
intellectually, however this is the wrong approach with regards to basically anything to do with
business and wealth creation. Those that succeed in business and trading specifically build on their
strengths thus creating their edge, and they manage their weaknesses, they don't try and change
them into strengths.

A perfect example is math; you're either good at it or you're bad at it, and you either love using
numbers of you hate it. Nothing will change that so if your hate numbers you'll need to ensure you
have ways to minimise mistakes regarding risk and money management such as creating
spreadsheets or simple software, or using a calculator and a simple formula - this is how you manage
your weaknesses but you need to be aware of them. Imagine finding out after it's too late that you've
been risking way too much money per trade because you didn't have a simple method of working out
how much to trade because mentally you're incapable without the assistance of a tool of some sort to
do the calculations for you!

Determining your resources and strengths is how you determine what you are bringing to the markets
and what trading system and style will suit you. Even more important, doing this exercise will stop
you from creating or purchasing the wrong trading system or style. It's easy to get sucked into
promises of riches and highly successful trading strategies only to find you can't trade it because it
operates during your working hours or your capital doesn't allow you to trade the instruments it
trades (i.e. Crude Oil, Bonds etc).

Once again, The Trading Suit of Armor is an amazing manual for assessing who you are, your
resources and your strengths, and a way to use all of this to your advantage and how to also manage
your weaknesses. However we also have a free analysis page to go through.

1. Self Analysis - simple self analysis

2. The Trading Suit of Armor - Helping traders find their edge in the market place

This is also the time at which you could go broker shopping. They need to offer the markets you plan
on trading and also demo or virtual trading. If you don't feel ready for this just yet don't worry as
http://www.atradersuniverse.com/thankyou.html (7 of 14)1/25/2011 9:06:42 PM
thankyou

we'll bring them up again, but I have two brokers I use which when combined offer me all I need by
way of stocks, futures, options (US and AUS), forex and CFD's.

STEP 5
Preparing for success

In 1998 my parents won half a million dollars through the Lotto. It was over 10 times their combined
annual income so do you think they were happy or what? Well within 4 years they were bankrupt,
separated and forced to live in government housing, and the most depressed I'd ever seen them....it
was tough to watch. However it was also probably one of the most important events I have ever
witnessed because upon researching their demise I found out that 90-95% of Lotto winners end up
exactly the same way. In fact the statistics are spooky as they resemble those of failing traders,
businesses and also the number of people who work all their lives and retire with almost nothing, i.e.
above 90%. There was obviously more to this than first meets the eye - it was not a coincidence.

I spent a lot of time researching my parents fall from riches, the reason over 90% of traders and
businesses fail, and in general it all comes down to one thing - the self image. We have a very
powerful tool called the human mind, and it is so powerful that whatever image is imprinted on one's
sub-conscious (i.e. how you see yourself deep down and not necessarily how you act outwardly), it
creates this image in our environment by influencing the decisions we make. Basically my parents had
lost all that money the minute they had won it.

There is a lot of information available on how to change your self-image. Go to your favourite search
engine and search for 'changing self-image', 'reprogramming the sub-conscious', 'reprogramming the
mind for success' and so on.

We have a free 6 part program by Dr Robert Anthony 'Know How To Be Rich' that you'll receive by
email which helps explain in more detail the mind and how to use it to create success.

I also put together a very comprehensive program that goes through the plight of my parents, and
another story of a trader who was able to turn $10,000 in $250,000 every year but would always end
up at $10,000 again, and how both of their problems at the sub-conscious and self image level were
identical. What's more I give you a complete program to 'Reprogramme' your mind, your self-image,
your sub-conscious for success. I do charge for this as it took me many months of research and work
to put together, however it is risk free because if you don't like it I'll be more than happy to refund
your money.

1. Dr Robert Anthony - Free 6 part e-course

2. Reprogramming the Mind for Success - Comprehensive program for reprogramming your
sub-conscious and self-image to achieve success

http://www.atradersuniverse.com/thankyou.html (8 of 14)1/25/2011 9:06:42 PM


thankyou

STEP 6
Finding or creating a system

By the time you get to this point you should now be familiar with the various markets available and
how they generally operate. You should have taken a look at some of the various technical analysis
tools a large number of traders use and hopefully gained an appreciation for their existence. You may
also have a good idea on how you want to analyze the markets. You should have a clear idea of your
goals, where you are now and where you want to go, and how you the trader can get you there. This
is of major importance. You should also be preparing your mind for success as any success you
achieve will be short lived if your self-image is not aligned properly.

Now comes the point where you take everything from above and create or find a trading system or
style to suit. The information and knowledge you gather and learn from the above helps you avoid
those systems that wont help you just as much as help you find what will help you.

"Trading" and "using the markets to achieve a goal" are two completely different things.
90% of traders are just "trading"!

There are generally four ways to create or find a trading system.

1. Approach some successful traders who are now selling their systems and ask them if their systems
can provide you with what you need by way of returns, if they can be operated with your list of
resources, if there is support to help with the learning curve, and if there is a money back should you
find it does not suit you.
2. Purchase some books by some well known successful market traders that have made a name for
themselves in the markets.
3. Approach some traders on forums etc. with some basic questions on their ways of analyzing the
markets to see if their analysis not only suits your resources but if the tools or indicators they use
suit you personally.
4. Browse through some recent and historical charts and see if you can find some way to determine
any repetitive behaviours that occur.

Of all four above, the 1st is by far the quickest in terms of not having to study charts, or indicators
(the latter is hopefully explained in detail by the course author), however it can also be the biggest
trap in not being the right fit for you. In other words, there is no point spending thousands of dollars
on someone’s system if you then find out you have to pay for a direct data feed, charting software
that costs money every month, you have to spend more than a few hours a day to trade the
system, you find it has to use leverage and so on, if none of these situations suit you and your
resources. This is why it's important to get clear on what you bring to the markets.

The 4th is by far the longest road, but at the same time, you are not going to begin learning about set
ups and indicators, and then methods to trade them if they are not going to suit you anyway. For
example, if you don't want to be a swing trader because you simply don’t have the time, then why
would you even be looking at intraday charts (this is not to say you can’t swing trade using the daily
charts but many a swing trading system involves intraday analysis also)?
http://www.atradersuniverse.com/thankyou.html (9 of 14)1/25/2011 9:06:42 PM
thankyou

The reason for employing all four methods above to find a suitable trading system is because you
have already made it clear what you want from your trading and the terms in which you plan to
operate. By employing all four methods, you are giving yourself every possible chance to find the right
system for you. If you plan to use only one method, you are severely limiting your chances, and
severely increasing your learning curve.

Starting from method 1 let's look at the options.

1.
Alert service
2.
Mechanical systems
3.
Discretionary systems

1. Alert services are a great way to get decent returns in the markets early on, however they are also
a huge trap. Stay away from anyone promising to make huge returns (those normally achieved by
traders with many years of experience who know if they shared their system their results would
diminish) because they are either lying or they are unsustainable. The great George Soros said in an
interview, it's amazing how quickly you get rich if you make 30-40% consistently every year. There is
nothing wrong with these sorts of returns, in fact for someone new they are exceptional.

If you're new and your goal is to make a higher return than 30-40%, then a good alert service is a
great way to start because it gets you in the markets confidently while you spend the rest of your
time creating your own system and looking at ways to improve yourself as a trader so you can get
those higher returns.

Mechanical systems are those that involve simple rules for entering and exiting a trade. The benefit is
they remove much of the emotion involved with decision making; the drawback is they rarely perform
well all the time and as such require patience and generally a long term view compared to how often
it is traded.

Discretionary systems may involve some form of decision making from you that is beyond what
your indicators can tell you. For example, trends are probably the hardest thing to mechanically
determine, whereas a simple glance at a chart can usually tell you the trend. A lot of systems will
require discretion in determining the trend but then become mechanical for entering and exiting the
trades.

Finally the time frame you wish to trade should have become apparent to you earlier in your plan and
self analysis, however there are generally three classes, long term, medium term and short term
trading. This is too general, but to give you an idea, long term traders can vary from around 3 months
to years holding positions. Medium term traders can be from a few days to a few months, and short
term traders can be many trades a day (never holding overnight) to swing traders who may hold for
a day to a couple of weeks. It all depends and in reality, I don't believe labels should be given to time
frames in trading; what's important is that the time frame used helps you meet your objectives and
suits you and your resources.

Below is a list of links to other pages on our web site containing services (alert) and courses that we

http://www.atradersuniverse.com/thankyou.html (10 of 14)1/25/2011 9:06:42 PM


thankyou

have researched through personal use or from owners contacting us to endorse their product. We
have been able to take what we see as the better courses and list their attributes. It's important to
ensure the courses attributes match your own needs in a trading system. If you see a course that we
have not been able to research (there will be no attributes listed), please ensure you contact the
owners to make sure their course will suit your needs.

If you start with an alert service, because there is a few to choose from you need to consider the
following:

● Do you have the capital


● Do you have the time
● Is it trading your preferred market
● Does it require additional tools, and if so do you have them or are you prepared to acquire
them.

Alert Services - A list of alert services for all most markets

Peter Bain Forex Mentor - For day trading the Forex. Mentoring comes with the course.

Dr Cooper Online Options - For trading options and stocks

Stocks and Options courses - more courses

Futures courses - more courses

Forex courses - more courses

Courses for any market - more courses

Trading Plan Template - We have put together some questions you might want to ask if
creating your own from scratch

Books - A Collection of Books on Amazon

Ino.com Instant Free Trend Analysis - Trend Analysis will send people a nightly html email
with their CUSTOM portfolio of symbols (stock, futures, forex) with full charts and Trend
Analysis scores!

Our free 2S4H system - this is one we created which can be tweaked to suit your own needs.
The purpose of giving this system away for free is to demonstrate that a lot of the time when
purchasing an e-book, this is what you'll get. The system works but it is by no means a magic
bullet and it does have some discretion involved also. It's important you get clear on what
you're actually buying when you purchase courses and tuition.

http://www.atradersuniverse.com/thankyou.html (11 of 14)1/25/2011 9:06:42 PM


thankyou

Market Club Trade Triangles - A proprietary method created by Market Club offering signals
and lot's more

Trading Solutions - TradingSolutions is software that allows you to analyze almost any type
of financial data including stocks, forex, futures, mutual funds, options and many more, so that
you can determine the best times to enter and exit the market.

It does this by combining traditional technical analysis with over 250 built-in functions and
technical indicators with state-of-the-art artificial intelligence technologies including neural
networks and genetic algorithms. Building on these functions, you can even create your own
custom functions and systems using a point-and-click formula editor!

It also features flexible charting tools and customizable spreadsheets, plus the ability to work
with entire portfolios of stocks at one time. It can be used with almost any date or time-based
financial data, including daily (end-of-day), weekly, monthly and real-time intraday data. You
can use TradingSolutions to gain a trading edge with a variety of financial instruments, such as
U.S. stocks, international stocks (in Canada, UK, Australia, Italy, Germany, etc.), commodities,
currencies, and even mutual funds.

TradingSolutions makes it easy to get started right away using the FREE TradingSolutions
Solution Service.

TradingSolutions is a sophisticated trading tool built on a powerful neural network engine.

Beginning users can use the Solution Service to get started right away. Then, they can use
handy wizards and built-in functions to quickly create signals and predictions using optimized
default values.

Intermediate users can build from this by writing their own custom formulas and using
advanced tools such as the Correlation Analysis Wizard. Plus, they can look under the hood to
fine-tune the neural networks - selecting any of over 50 built-in neural network topologies, each
with completely adjustable parameters, such as
number of hidden units, memory depth, and learning rates.

Advanced users wanting more flexibility can use the TradingSolutions Suite, which makes it
possible to build your own neural network topologies. This option includes our graphical neural
network building environment, NeuroSolutions, as well as several popular add-ons to make it
easy to further analyze your data and use your custom networks in TradingSolutions.

Want to find out more?

The best way to find out more about TradingSolutions is to download the FREE evaluation
version. The evaluation version includes all of the functionality of the full version so that you
can try TradingSolutions for 30 days for free.

This download includes animated demonstrations that introduce the features and concepts of
TradingSolutions. You can also perform the annotated step-by-step tutorials to see exactly how
the software is used.

Plus, the evaluation version gives you the opportunity to try out the TradingSolutions Solution
Service, which provides you with trading signals and commentary after every trading day.

Click here to download TradingSolutions now


http://www.atradersuniverse.com/thankyou.html (12 of 14)1/25/2011 9:06:42 PM
thankyou

http://www.atradersuniverse.com/TradingSolutionsFreeDownload.html

or for more information visit


http://www.atradersuniverse.com/TradingSolutions.html

EZTrader.com - binary options trading platform

DashBoard FX - Real-time Forex buy/sell alerts with entry/exit points. Download Free
Software Now.

STEP 7
Assessing, management and other helpful tools

Ongoing Development - We have put together a few things to consider

Any course owner worth their salt will advise you to back-test and paper trade their system. If they
offer a risk free trial period (which they should), this is the time to do this. It gives you a heads up on
how the system works and if it will work for you. But even more, you need to ensure the system is
paying you what your worth. You wouldn't want to leave your job to get into trading only to find that
you're working for less money per hour trading!

We offer a free tool that helps you to track any back testing and paper trading you do, including
commissions and interest resulting in a running balance and equity curve graph.

Trade Tracker - For back-testing and paper trading

An even more powerful tool created by Brian McAboy (who featured on the Chicago Board of
Trade) called the Trading Performance Analyzer is a must for traders. It takes the fear and uncertainty
out of any system by analyzing its performance for you. It will let you know where your system can
be improved, and it can help you plan how much you'll make over a certain period. A tool that tells
you what your trading is worth.

Trading Performance Analyzer - Check out his videos too to see how it works

Emotional management is inevitable, simply because we are humans. To trade without emotions, or
to simply say, one must trade without emotions is easier said than done. We're all different and I will
admit, what appears easy for me is just plain hard for someone else, and the opposite is also true.

As a member of A Traders Universe you'll receive newsletters from time to time which are mostly
aimed at trying to improve the trader from within, to try and get them to see the trading arena from
an angle that is not usually made obvious, especially by those who want your money. We also
have an archive of our previous newsletter articles.

Archived Newsletter Articles


http://www.atradersuniverse.com/thankyou.html (13 of 14)1/25/2011 9:06:42 PM
thankyou

The Traders Guide to Emotional Management was put together once again by Brian McAboy to help
traders with the emotional and psychological aspect of trading; as mentioned before, it's not as simple
as saying 'don't trade with emotions'. This guide is a tool the covers just about every bad habit,
mistake and emotional reaction that has occurred to a trader. Nothing has been left out because the
mistakes traders make are the same over and over again. The emotion behind each mistake is always
the same. This is not to say one emotion is to blame, many are, but there isn't a mistake you'll make,
nor and emotion you'll experience that hasn't been felt by another trader before.

The Traders Guide to Emotional Management - Be prepared for any obstacle you'll face

Congratulations if you have made it this far. Trading is a liberating business if you get it right, but
unfortunately 90% wont. I hope the list above will help you in getting yourself on the road to financial
freedom. If you are the sort of person who needs ongoing support with regards to the whole process
outlined above, we have a program called 'Pentagonal Trading'. It's not cheap, however it is not
expensive either when you consider the longer term benefits and the time, money and emotional
heartache you'll save by having experienced traders by your side.

<>

Home Members Contact Us Bollinger Bands Trendlines Stochastics Macd Pivot Point Stock Chart Patterns Peter Bain Forex Mentor
Stephen Cooper Online Options Affiliates RSI Stock and Option Courses Forex Courses Futures Courses Most Markets Store
Traders White Board Bill Poulos - Profits Run Bill Stacy - OneDayWealth Market Club Alert Services Elliott Wave Articles
Subtle Trap of Trading The MIND Trade Tracker Antispam Copyright Disclaimer Earnings Disclaimer Privacy Site Map FORUM
Directory MEMBERS LOG IN

http://www.atradersuniverse.com/thankyou.html (14 of 14)1/25/2011 9:06:42 PM

You might also like