To use the Pivot Point Calculator, simply enter the previous days Open, Close, High and Low prices into the relevant text boxes and press the Calculate button. You will then get the Pivot Point, and Support and Resistance levels for the days trading.

You can read our Pivot Points Article if you would like to know a little bit more about Pivot Points.

To use the Downloadable Pivot Point Calculator, you need to be running Microsoft Windows with the MS .Net Framework 2.0. You can download the MS .Net Framework 2.0 here if you do not have it.

Please leave any comments and suggestions for the calculator.

Download Pivot Point Calculator Here.

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The book is a thinly disguised biography of the great stock trader Jesse Livermore, but also documents the time of financial speculation during the early 20th century.

Reminiscences of a Stock Operator tells how Livermore started his amazing career when he was a teenager working in one of the bucket shops that were common during this time. He had a head for numbers and noticed how stocks reacted during times of heavy buying or selling.

He became smart to the fact that he was able to trade successfuly on what he had learnt and went on to create and destroy several huge fortunes.

Even though Reminiscences of a Stock Operator is an old book and tells a story of a time that is largely removed from todays computer controlled markets, there is a lot of wisdom that you can take from this book to help you with your trading.

Also, take note that this is the one book that is pretty much required reading for most of the traders that are interviewed in Jack Schwagers Market Wizards – Interviews With Top Traders.

Each chapter covers different aspects of how Livermore ran his trading affairs, and it is interesting to take specific note of how Livermore managed to lose such massive fortunes with uncharacteristic moves – and not do the same yourself!

Finaly, if you are still in any doubt that an ‘old book’ will not be of any use, then just check out the reviews that Reminiscences of a Stock Operator gets at Amazon.com.

Where to buy Reminiscences of a Stock Operator

If you are keen to buy the book, I would recommend the following websites for getting a better deal than buying at a shop:

• Reminiscences of a Stock Operator @ Ebay – You can often find a good deal on used items here, and I often pick up useful books for low prices.
• Reminiscences of a Stock Operator @ Amazon – Amazon.com allways has this book in stock and can deliver it quickly.

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Traders Secret Code has been a popular source of information for new and professional traders for some time now and is constructed with the high quality that readers will know is indicative of other books that Mark has produced.

Mark also provides a number of really useful (and free) bonuses with Traders Secret Code v2. These include:

• Downloadable Risk Probability Calculator
• Trading For Beginners ebook
• Money Management ebook
• Bonus Secret Trading Tactic to Predict Market Moves!
• Email Newsletters

You can visit the Traders Secret Code v2 website here.

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Within its 10 chapters (split into 2 sections), Secrets of Successful Traders will guide you through what you need to know and what you need to do to become a successful stock trader .. i.e. one that is making a good net profit from trading stocks on the stock market.

The 1st chapter contains some really good advice on how to lay some solid foundations to set yourself up for success. It’s all about creating a game-plan and making some decisions, setting some goals and following through. In my opinion this is great advice on what you should really be doing before starting to trade in any markets.

The following chapters build on this advice until the author imparts his Secrets of Successful Traders – giving you a strategy that you can use to become a successful trader yourself.

Remember, If there is 1 single thing that is the cause of failure for traders, then I reckon it would be a failure to construct a trading plan.

This path to failure could be expanded in the following 4 points:

1. Lack of good reason to trade – e.g. I just want to get rich quickly.
2. No goals – e.g. I’m going to buy and sell stocks that I read about from time to time.
3. No strategy or road map to achieve goals – e.g. I’ll just buy and sell stocks until I’ve got a heap of money and then retire.
4. No following through on strategy – e.g. What strategy?

And that’s exactly what Secrets of Successful Traders sets out to fix.

If you are planning to start trading stocks, or just can’t seem to make a profit, then you should consider taking a look at Secrets of Successful Traders now. Before you start losing money and confidence in the stock market.

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Dirk du Toit is a successful trader who specializes in the Forex Market and imparts his knowledge in this popular 236 page book.

The fundamental message of Bird Watching in Lion Country is that you should not automatically place your trust in trading systems that are sold without a knowledge of how the system works.

Instead, Dirk lays down exactly what he has learned from experience about the Forex Market to give you a solid foundation of knowledge of how it functions so that you can take this knowledge to make informed decisions on how to go about making your profit.

To start with you need to have a professional attitude towards your forex trading. This means that you need to set out with a goal and a map of how you will achieve that goal.

Bird Watching in Lion Country also dispels some of the common misunderstandings of the Forex market and reinforces some fundamental trading ideas – one of these being the importance of information and how to act upon it.

Dirk also states that only one person is responsible for the outcome of your trading actions – and that person is you. This means that you need to make your decisions, and they had better be based on a firm bed of knowledge if they are going to be the right decisions. With what you learn from Bird Watching in Lion Country, you should have the knowledge to make these decisions profitable.

You may find that Bird Watching in Lion Country doesn’t appear to promise the immediate riches that many other Forex teachers do. However, if you take a look around and find the people who are losing in the Forex market, you will soon see that the main reason for their failure is a basic lack of knowledge. What Bird Watching in Lion Country sets out to address is to fill this knowledge void so that you can be confident and profitable in your trading decisions.

Click here to visit the Bird Watching in Lion Country website.

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I love to read first hand accounts of how traders begin by failing in the markets and then instead of just giving up, they take a step back and look at how their trading system fails to make profits and then tweak their system to go back into the markets to become a successful trader.

How To Trade The Futures Market is a great example of this type of story! Within the pages Malcolm Robinson gives an indepth account of how he went from losing £60,000 (currently about US$120,000) in his first year as a futures floor trader to turning himself into a successful and profitable professional trader.

How To Trade The Futures Market is basically split into 2 parts.

The first part explains all about Futures Trading – What it is, how it works and how to trade them. Malcolm Robinson explains exactly what the futures market is and gives a good account of the history of the futures markets. He goes on to explain the difference of being a floor trader on a futures exchange and what it is like to trade using direct access (he has experience of both).

He goes on to give an introduction to the worlds main future exchanges and explains different ways in which these exchanges are used by different types of investors to make a profit. Things then get fairly technical as he goes on to explain exactly how futures contracts work and how the trader can greatly benefit from this knowledge.

The next part of How To Trade The Futures Market takes a look at the practicalities of futures trading and covering topics such as contract size, delivery, last trading days, settlement, and the all important tick size and margins. All of this can be fairly confusing, but Malcolm explains it simply and concisely.

Malcolm then goes on to cover the mechanics of futures trading – taking a look at different order types and how to use them (and not use them) to your advantage. He also takes a very in depth look at how a direct access trading platform works (with plenty of screenshots to avoid confusion).

The second part of How To Trade The Futures Market goes into the skills and knowledge that is need to trade futures successfully.

This section begins with a chapter called Market Forces and explains about different things that affect the price of futures contracts. The aim of this is to show how to get a feel for the way the prices constantly change on the futures markets.

Then there is a fair amount of material that covers bar charts and how to read them. Malcolm goes into quite a bit of detail about this topic and explains a lot about bar charts that I was not familiar with.

The next topic is the all important issue of Volume. This again is something where I learned a lot of new tricks from reading How To Trade The Futures Market. A lot is covered about how volume interacts with its corresponding bar chart and of course how to make a good profit from it!!

How To Trade The Futures Market then covers Trends – a topic that is close to my heart. This was an interesting chapter for me, and Malcolm provides a few effective methods where the futures trader can make money from understanding how trends work.

Next, Malcolm goes onto explain how to read the current price of a futures contract. I thought this was a pretty straight forward topic, but with all his experience Malcolm is able to go into the psychology of price behavior and what affects the rising and falling price.

Reading the Depth of Market is also covered here. This was also a topic that I previously did not know enough about and was glad to be informed about.

On the topic of psychology, How To Trade The Futures Market then covers a bit about executing your trades and common problem traders have with this seemingly simple task, and simple steps that can be taken to overcome them.

The final chapter of How To Trade The Futures Market covers another very important topic – Money Management. In my opinion this is the 1 issue that can really make or break a successful trader, and I don’t think that I can ever learn enough about this topic.

If you are thinking of buying How To Trade The Futures Market, then please bear in mind that there are some great extra freebies that come with it. The first of which is a piece of software called Market Master – a trading simulator that you can use with historical or live data to practice your trading. Malcolm makes good use of this software in explaining some of his trading techniques.

You also get the following eBooks for free:

• Day Trading Mind – Covering the psychology of Day Trading.
• The 123 System – A simple trading system that can be applied to any market.
• The E-Book Of Technical Market Indicators – A guide to just about every technical indicator that exists.
• Introduction To Forex – a beginners guide to Forex.
• A Practical Guide to Swing Trading – A how, what, when, why guide to Swing Trading.
• The Pocket Book of Economic Indicators – A handy little book to enhance your knowledge of indicators that effect your investments.

I will review these books in the future. You can sign up for the Trader Knowledge Newsletter if you would like to be notified of these reviews.

Also, you can Click Here to visit the How To Trade The Futures Market website.

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The Doubling Stocks newsletter started out as a creation of John Cohen (Michaels father). When John died, he had taught everything he knew to his son who has kept the newsletter going strong.

Now it is Michael who works hard producing the Doubling Stocks newsletter. With all the hard work that he has put in, along with the tuition from his father, Michael has developed a real sense for being able to apply a trading system to consistently pick winning stocks.

According to the website, the Doubling Stocks newsletter has chalked up quites some success. Here are some of the achievements that can be found at the website:

1. 84% of stock picks are profitable.

2. Allthough most stock picks only return about 4% to 6% some are real “Home Runs” returning in excess of 300%.

So if you have been thinking about how to start investing in Penny Stocks, you may want to visit Doubling Stocks to see if it is suitable for you.

Doubling Stocks comes with an 8 week money back guarantee, and be sure to contact Tom Hunter at the phone number or address on the website if you have any questions about the newsletter. And remember to do your research before diving into a new trading system.

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The Pivot Point Calculator is very simple to use.

To start, you need to retrieve the OHLC (Open, High, Low, Close) prices of the financial instruments last day of trading.

Then type these prices into the relevant boxes on the Pivot Point Calculator, and then simply hit the Calculate Pivot Points button.

You will then be given the Pivot Point and support and resistance values.

Click Online Pivot Point Calculator to start using the calculator now.

Also, remember to take a look at the recent Pivot Points article if you want to refresh your memory.

You can also sign up for our newsletter to be notified of any modifications … I’d eventually like the Pivot Point Calculator to automatically retrieve the previous days prices for any stock symbol that you type into a text box. But that’s for another day.

Update : We now also have an Online Compound Interest Calculator that is free to use to. You can check it out here.

UPDATE : You can now download the free Pivot Point Calculator Software here.

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In fact, the nature of Pivot Points would probably dictate that they would only be of any real use to the day trader as they are dependant upon the previous days prices and are therefore good for only 1 day of trading.

Pivot Points work by indicating points of support and resistance for the price of a financial instrument that is being traded.

When the price reaches a pivot point, it will either bounce back from it (indicating support or resistance) or continue beyond it.

If the price continues beyond the Pivot Point, then the trader can enter the market with the knowledge that the price will statistically continue to rise or fall beyond the price indicated by the Pivot Point.

So how do we work out how to find where the Pivot Points occur? Well there are several calculations for calculating the price of Pivot Points, one of the most common being:

R2 = P + (H – L) = P + (R1 – S1)
R1 = (P x 2) – L
P = (H + L + C) / 3
S1 = (P x 2) – H
S2 = P – (H – L) = P – (R1 – S1)

Where:
P = Pivot Point
R1 = 1st Resistance Level
R2 = 2nd Resistance Level
S1 = 1st Support Level
S2 = 2nd Support Level
H = Previous Days High
L = Previous Days Low
C = Previous Days Close

So the Pivot, Resistance and Support lines can now be plotted onto the day trading chart and acted upon when the price reaches them.

If you are thinking of giving Pivot Points a try, be sure to test and plan how you are going to use them before implementing them into your trading.

UPDATE : You can now use the free Online Pivot Point Calculator here.

UPDATE : You can now download the free Pivot Point Calculator Software here.

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That’s good news if you are an institution (i.e. a Bank or Corporation) – But if you are an individual trader, then 19 in 20 of you will be handing over your cash to these institutions.

Enter the Institutional Forex System – a method of trading that claims to show you 3 trades every month to earn 10-30% with over 90% accuracy!

DC Bonta, a professional currency trader with over 10 years experience, is the author of the Institutional Forex System.

With this experience, he aims to teach the retail forex investor to trade as an individual investor and reap the financial rewards with the institutions.

Bonta says that the failure of retail forex investors to win is a basic misunderstanding and lack of education about what the Forex market is and how it works. With the knowledge layed out in the Institutional Forex System, gained from first hand experience, the average retail investor should rise above the crowd and start to make trading decisions that will show consistent profit.

Here is a list of the benefits of using DC Bonta’s Institutional Forex System:

• Small Initial Investment – After the small cost of the course, traders are able to get into the Forex Market with a relatively small initial investment.
• Inside Information – Learn from the knowledge of an experienced trader on how to take advantage of financial news reports to make your money.
• Professional Money Management – One of the cornerstones of a successful trading plan.
• Freedom – the Institutional Forex System is not a day trading system, so will not take up a lot of your time.
• Professional Trading Experience – DC Bonta has over 10 years of professional trading experience.
• Money Back Guarantee – The Institutional Forex System comes with a full 8 week money back guarantee.

Click Here to find out more at the Institutional Forex System website.

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