For a person who likes to lead a relaxed time with his or her profession, the trading business is the best. It also lets the traders use their decisions properly with each trades. For that more and more traders are joining this profession each year. You will not find more good results about the trader’s performance. Some of them may not have to right mindset for this profession. Or some may lack in trading knowledge. There can be also in biasing issues. No matter what it is, you will have to get rid of it. Like those problems, the trading time is a massive issue for the traders. We are talking about traders not knowing when to close a trade or how to set the target for their position sizes. In the following, we are going to talk about it with more detailed information.
Get the proper trading knowledge
For making the right targets of trades, traders have to know how to analyze the market's condition. It is the first things which will let you select a position. You will also have to make a position size based on your analogy and the targets. For positioning the traders to have to know about using the simple and affecting terms of the price charts like the support the resistance points. Then they will also have to learn about using the tools like the Fibonacci one. Then you can also do with just the price trends and key swings. Then after dealing out with the positioning, the traders will have to think about targets with the help from risk to profit ratio. With all things covered you will be able to design your whole trading process.
Take logical decision
Give your trade enough time and space. If you place a tight stop or close your trade early, you will miss many good trades. The experts of the UK trading community always play safe in their online trading account. They never close their profitable trades too early as it kills the risk-reward ratio. As a new investor it’s very hard to find great trades but if you follow the basic rules of investment, you are going to become a successful trader within a short period of time. Think smart and you won’t have a tough time with this profession.
Concentrate on the edge growth
Alongside the trading, a trader will also have to concentrate on the trading edge. Everything required for the trading business comes from an edge. When a trader is not even thinking about it and maintaining the business, there will be an edge in his or her head. It is not that difficult for a trader to continue trading process without the trading edge. For your own good in this business, it is necessary to think about the trading edge. When you learn about any kind of defect in trading process, you will have to change the edge accordingly. Doing so, your trading edge will be a profound one from time to time. When a developed trading edge is used for the trading process, the profits will be glooming in your accounts. You will be able to know about trades better.
Preplan your trade setup
Just like finding the positions and estimated position sizes for trades, a trader should also plan the whole trading process through. It will help your trading business a lot with proper control over the situation. When you will be controlling the trades, no problems in the road to success will pass by your eyes without being caught. If there is any kind of problem seen in the market, immediate actions can be taken. Your trades will be safe and it won’t require any kind of random observation. So, think about that before every trade from your account.
Sony's PlayStation 2 will start trials for its online gaming service this March. Gamers wanted to take part will need a Broadband connection and will have to fill in a questionnaire about the service.
This is all to rival Microsoft's Xbox live which has been on trial in Europe for some months now. Sony and Microsoft have both launched online gaming in Japan and the US and hundreds of thousands of gamers have signed up for the services.
Unlike Microsofts subscription service Sony will let the individual games developers decide how much to charge for online games and Sony will do provide a lot of the infrastructure like the Xbox Live service does. While this may give game developers more freedom in setting up an online game it does mean a lot more work in putting in what can be an expensive gaming infrastructure.
Sony's service will require people to buy a network adapter for ?39:99 so that they can connect their PS2 to their broadband connection. The starter kit also includes a headset and an online only version of the game SOCOM: US Navy Seals, which pits a team of soldiers against a group of terrorists.
Sony has been trying to get deals with all the major ISPs so that gamers will be able to play games through their existing broadband connection. So far the biggest market for online gaming is South Korea, will Europe be as gaming mad?
[Last edited on March 9, 2003 at 10:09:47am by pwhite]
Last week Roxio's Napster(here) launched in the UK for the first time as a legal music distribution service. Napster is one of many legitimate music site entering into the increasingly crowded market.
The most popular legal on-line music company currently is called On Demand Distribution (OD2) (here). This service is behind some of the big on-line music brands including My Coke Music, Ministry of Sound digital downloads, Virgin downloads, MSN music and HMV downloads.
I subscribed to the HMV (here) download site just over a month ago to check out the content and quality of service available. I choose HMV over the others at the time mainly because the site layout was the best, for instance the Ministry of sound site uses an awkward frame and the My Coke Music site seemed to cluttered. Other than they they all follow a similar design and serve the same content.
There are two different ways to purchase music through HMV, the first is through buying individual tracks similar to the way Apples iTunes (here) works, tracks start at about 99p and increase in price depending on the song. The second way to purchase tunes is through a subscription which is what I chose. The subscription offered is ?4.99 a month which entitles you to 500 credits per month.
The credits then let you do various things for instance to ? stream ? a song (listen to it once) normally costs 1 credit (roughly equivalent to 1p), to download a song costs 10 credits and to be able to permanently download a song so that you can burn it to a CD costs about 100 credits. Songs that are downloaded for 10 credits can only be listened to while you are subscribed to the service.
In my view the payment model is not very flexible, its certainly not over priced but say I wanted to purchase some extra credits one month I would have to order a second ?4.99 monthly package. There is no way to purchase an extra number of credits or choose my own monthly number of credits.
Some people may be more than happy just to pay for extra credits when needed (in blocks of say 500) when they ran out instead of the monthly charge. Currently only credit cards are accepted (Visa and Mastercard etc), no debit cards (Switch Solo etc) are accepted which does limit the audience to only people with access to credit cards.
For a music site to be successful clearly what is important is the content rather then the pricing model. I have looked quite carefully into various different on-line download sites including E-music (here) and Napster for the music I'm interested - dance/trance.
E-music does the annoying thing of classing dance under the more American title of ?Electronic? music while Napster classes Usher and Beyonce as their most important dance artists which probably also shows the lack of research for the European market.
The HMV site does a bit better here by having a ?Dance? section but doesn't go as far as splitting this category down more into its sub sections. Napster does split the categories down into more detail but still seems confused as to what should go where. It almost seems as more of an attempt to fill an empty category then to insert good content.
To test the content on the HMV site and Napster I took this weeks top 10 (from the BBC's website here) and searched for these tunes on both sites. From the HMV site (OD2) I found 6 out of the top 10 songs of the week while on Napster I found 8 out of 10.
Napster certainly seemed better for HipHop and other more American music while the content provided by OD2 did have a lot more dance but had a certain amount of the content Napster had. In a way deciding which service to use goes hand in hand with the type of music you enjoy. When searching for music I found that the HMV site came with better results for what I was searching for than Napster, though both services have to go a long way to get better library's of music.
Napster had a better way of cataloguing their content then OD2 and searching was significantly faster, both services I didn't think were good at helping you discover new artists. Something simple that showed you what new content had been added in the various sections that week would be more than enough to help you discover new music.
iTunes is the only service to offer a client for an alternative operating system to Windows, Napster installs its own client and the HMV site will only work in Microsoft's Internet Explorer which is restricting for people who use alternative browsers.
Personally I found the HMV site to be better overall for what I wanted, its not as polished and sleek as Napster and isn't a big a brand as iTunes for on-line music but for content it was the best in my opinion. The service is far from perfect and until you can find any chart song, whether it be from the pop chart or dance chart then people will still use the illegal downloading sites.
Planetside is the new massive multiplayer online first person shooter game from Sony entertainment. It incorporates thousands of players fighting it out on gigantic maps trying to take over as many bases as possible.
The game is set in the future on a world cut off from the rest of man kind from the collapse of a wormhole. Over time 3 factions formed the Terran Republic, the New Conglomerate and the Vanu Sovereignty, each race with its own specific vehicles and weapons.
As you progress through the game you get experience points which lead to certifications, with these certifications you can learn various skills from hacking to sniping to flying to combat. These skills help to make your character more individual and specialized.
You play the game over a enormous map of over 100 square kilometers, which is split up into smaller islands with a number of bases on. One of the best ways to get experience points is to take over a base by hacking its central computer. When playing you normally join a squad which can be up to 10 players of the same team, the advantages of being in a squad are that you get each others experience points when they are earned and you can keep better track of people on the map.
Playing Planetside is unlike any other first person shooter or multiplayer game, it has similarities to Half Life in that is it a first person shooter but it also has similarities to older games such as delta force with its larger maps.
While combat plays a large part of Planetside it is not the only side of the game, you can quite happily play the game without even shooting a weapon by learning to fly drop ships or hacking which is why Planetside is a very broad game. The game makes it very easy to learn new skills and forget old ones when you get fed up. The other day my squad didn't have any means of transport to the battle zone so I learn't how to fly a Galaxy dropship and soon enough my squad were fighting away.
Planetside does however still suffer from a few bugs, one the other day wouldn't let me do one of the training mission and I have had the game crash on me twice since I have had it which can be very annoying when in the middle of a battle. Not all the bugs are annoying, earlier today I managed to flip my ANT vehicle and it landed so it looked like it was hovering, I got some very funny screenshots of my squad hailing me while upside down.
The graphics are another bonus, they might not run on lower spec machines but they are lovely on my Pentium 4. The effects are nice such as the weather and light levels, trying to fight a battle in the rain can be especially hard giving yet another aspect to the game.
The single thing that makes Planetside for me is that you are playing against real people and not bots, it makes the whole team effort a lot more fun when you are chatting through the game or on voice chat to other people around you trying to coordinate attacking or defensive maneuvers. However with multiplayer games there does come in the increased costs and at about ?7 ($12(US)) a month a lot of people may be put off but in my view its a lot more satisfying to play.
So do I think its a gaming revolution? Well no I don't think it is but it will certainly change the way people think about first person shooters. A lot of people will be put off by the subscription charge like they have with other massive multiplayer games but its what is needed to support the expensive server setups. I do think that Planetside will be very popular and I doubt there will be any direct competition giving the costs of setting up a online game such as Planetside.
All in all Planetside is a great game that you will spend hours playing, if you love playing CS or TFC then you will most likely love Planetside as it varies the game so much more making it more fun.
Reviewers PC Spec:
Pentium 4 ? 2 gig
120gig Hard drive
GForce 4 MX 420.
The Internet being a big place has lots of acronyms this article should help you understand a lot of them.
LOL - laughing out loud
wb - welcome back
nn - night night
ofc - of course
nm - nevermind
gb - good bye
gg - good game
afk - away from keyboard
asl - age/sex/location
bbiab - be back in a bit
bbl - be back later
bbs - bulletin board system
bf - boyfriend
gf - girlfriend
bfn - bye for now
brb - be right back
btw - by the way
atm - at the moment
cya - see you later
fubar - ****** up beyond all recognition
gtg - got to go
hth - hope this helps
html - hypertext markup language (the basic computer language all webpages are made up of)
irc - internet relay chat
icq - I seek you
iow - in other words
isp - internet service provider
j/k - just kidding
l8r - later
m8 - mate
msg - message
newbie - a newcomer to the net, or a particular area of it.
Ppl - people
Re: - with reference to
Lo - hello
Rofl - rolling on the floor laughing
Ttfn - ta ta for now
Wb - welcome back
Wtf - wot the ****
www - world wide web
Of course this isn't a full list but should be helpful next time you try to have a conversation with someone you might be more aware about what they are going on about.