Here at the Income Mentor Box Day Trading Academy, we know that leverage & margin is a big part of trading. This is a very important topic to be familiar with when trading Forex, CFD, and indices. Let’s take a closer look at his leverage & margin topic right now!
What Is Leverage?
When you want to trade Forex, CFD, and indices, knowing both leverage & margin is very important. First off, let’s talk about what leverage is. When it comes down to it, leverage is borrowed capital to increase your potential returns. In other words, this means that you can trade with more money than you actually have in your account. For example, if you leverage a trade by 10:1, it means that you can make a $10,000 trade with just $1,000 of your own capital.
If you win, it means that you will get 10 times the profits. You can make money trading with money that you don’t actually have. However, of course, this is also very dangerous. The reason for this is because when leveraging, if you lose the trade, you are on the hook for the full amount leveraged, not just for your part of the cash.
In other words, going back to that other example, if you leverage a trade for $1,000 by 10:1, if you lose, you will be on the hook for the full $10,000. So when it comes to leverage & margin, leveraging can be extremely profitable for you, but also very risky. Unless you are a professional trader, here at the Income Mentor Box Day Trading Academy, we would not risk leveraging for the time being. It can be very dangerous, but yes, of course also highly profitable if trades are winners.
What Is Margin?
When it comes to leverage & margin, you do also need to know what the margin is. Well, going back to the example we covered above, the margin is the money you put into a leveraged trade. For instance, if you leverage a $1,000 by 10:1, thus effectively trading with $10,000, the margin there would be the $1,000 of your own capital.
When leveraging, the margin amount of money is needed to open a leverage trade. In terms of leverage & margin, this is an important topic to be familiar with, one that will help you become a better and more profitable trader. Just keep in mind that leverage & margin trades can be very dangerous if not done right, but also very profitable if you do it right.
Take a look at the short video which we have included here. Andy from our own Income Mentor Box Day Trading Academy explains what leverage & margin is, how to use it, the possible benefits, and the potential risks of it.
Leverage & Margin – Final Thoughts
When all is said and done, to learn more about leverage & margin, and the ins and outs of trading in general, you should definitely check out our Income Mentor Box Day Trading Academy. For the low price of $299, you will gain access to a huge plethora of course materials that will turn you into a highly profitable day trader.
We here at the Income Mentor Box Day Trading Academy want to teach you to be the best day traders you can be. One fundamental and crucial piece of knowledge you need to be successful has to do with PIPS. You need to be familiar with the PIP, you need to know what this means, and you need to know how to calculate PIP too. Let’s take a closer look at this subject right now.
What Is A PIP?
Technically speaking, PIP stands for “percent in point” or alternatively, “price interest point”. This is a unit of measurement, or specifically a unit of change in an exchange rate or in a currency pair. In other words, a PIP signifies the difference between the price of an asset, or the difference in value in a pairing, from one point in time to another.
A PIP is most often used to measure gains or losses, and is calculated using the last decimal point in the currency pair listing. A PIP is usually measured in the equivalent of 1/100th of 1%, or in other words, 1 PIP is usually a change in the value of the numeral which sits in the fourth spot past a decimal point. This is how you measure exactly how much money was made or lost through currency pair, Forex, trading.
How To Calculate PIP
Of course, if you are going to be a professional and successful day trader, you need to know how to calculate a PIPS. This is very important if you want to be a true day trader that knows that you are doing. So, calculating PIP is actually very easy.
First, let’s take a currency pair such as EUR/USD. If The price of this pairing right now is 1.0001 (it usually will not be like this, but we are keeping it simple, hence the “1.0001”). At any rate, if the value of the EUR/USD pairing then changes to 1.0011, you would have a PIPS increase of 10 PIPS.
As we noted before, one single PIP is the fourth numeral after the decimal place, ie, 1.0001. Yes, this can be a bit complicated to understand at first, but once you have calculated PIPS difference a few times, it should become fairly easy for you.
For a lesson on calculating PIPS in full, please check out the video which we have embedded here. Andrew from our Income Mentor Box Day Trading Academy does a really great job at explaining it. However, if you want a truly comprehensive lesson on the subject, it is recommended that you join our Income Mentor Box Day Trading Academy. In this lesson, you will also learn how to calculate PIPS value, or in other words, how much the PIP value change actually reflects a change in the overall price of a trade.
Calculating PIP – Final Thoughts
Folks, we haven’t covered everything here, but we have outlined the basic in terms of what PIPS are and how to calculate it. For a more in depth lesson on this particular subject, please join our Income Mentor Box Day Trading Academy! Keep in mind, we here at the Income Mentor Box Day Trading Academy also provide free Forex, CFD, stock, and indices signals for you to trade with. Just copy them into your trading platform of choice and you are good to go! We even do a monthly $500 giveaway with 3 lucky winners every single month!
Here at the Income Mentor Box Day Trading Academy, we know that people want to make fast and easy short term profits. After all, there really is nothing better than making a pile of money in a limited amount of time. However, of course, this is a bit easier said than done, and as a newbie, you might not know how to achieve these short term profits.
Well, this is what we are here for today, to teach you how to make fast short term profits. Specifically, today we are here to help you make fast short term profits through indices trading. We are going to tell you about the best indices to trade with, as well as how to find the best indices for short term profits. Let’s learn, trade, and profit!
Favorite Securities & Indices For Short Term Profits
When it comes to making good short term profits, you do need to have the right securities, indices, and indices to trade with. Today, Andrew and the Income Mentor Box Day Trading Academy wants to teach you how to make great short term profits using indices. The first thing that you need to do is find the right and best indices to trade with. As an experienced day trader, Andrew knows some of the best securities and indices to choose for trading.
For example, as he notes in the video which we have included here, one of his favorite indices to trade with is DAX. As you can see in the video, Andrew just placed a DAX indices trade, and it turned out to be quite profitable. Generally speaking, DAX is a great option to trade with if you want to make quick short term profits. In terms of short term profits, Andrew made over 350 Euros in pure profits with this specific DAX trade.There are some other really good indices to trade with, ones that are usually quite volatile. These include indices such as S&P, Dow Jones, FTSE, and NASDAQ.
Please do keep in mind that here we have really only scratched the surface in terms of making great short term profits with indices. If you want a full lesson on this subject, please join our Income Mentor Box Day Trading Academy for a more comprehensive lesson. It’s a low onetime payment of $299, and you will gain access to all course materials including over 50 video tutorials on day trading, including ones such as this short term profits indices lesson.
How To Find The Best Trades For Short Term Profits
When it comes to trading indices, of course, you have to be able to find the right securities to trade with. Then, the question becomes how do we find the best indices to trade with to achieve great short term profits? Well, as Andrew of Income Mentor Box Day Trading Academy notes in this video, one of the best ways to find the right securities to trade with is by going to tradingview.com. This website is completely free to use, which is nice.
To find indices for short momentum trades and short term profits, go to “markets” and go to the indices section. Keep in mind that tradingview.com offers all kinds of asset types to analyze. One of the reason why using indices is great for generating short term profits, is because many of them are highly volatile, and therefore offer great short term profits opportunities.
Anyway, when looking at the indices on tradingview.com, you can rate them from strong buy and strong sell. In other words, if the website lists DAX as strong sell, you know that it is a surefire way to make short term profits by selling DAX. This is exactly what Andrew did in order to make big profits the other day. Most brokers will all have DAX, so this should not be a problem for you.
Keep in mind that in order to find the best indices trades, Andrew will use support and resistance, usually in combination with 5 minute charts. Ideally, before you hit the buy or sell button, for short term profits, you should always look at the 1 minute chart as well. It’s a great way to find the best trades to make. On a side note, here at the Income Mentor Box Day Trading Academy, we have a great video tutorial on support and resistance trading. Once again, for full and comprehensive lessons on this matter, there is no better place to learn than through our Income Mentor Box Trading Academy.
Income Mentor Box – Free Copy Signals & Giveaway!
There is also another great way in which you can make short term profits through our Income Mentor Box Day Trading Academy. Here we offer a free signals provision service. If you join our academy, you will gain access to our Facebook page where we post around 12 trading signals per day. If you want to make short term profits, these are trades you want to place.
We provide indices, stocks, CFD, and Forex signals to trade with. Moreover, trading using our signals could really not be any easier. The signals we provide come complete with entry prices, take profit levels, and stop loss levels too. All you have to do to make short term profits is to copy and paste these signals into your own trading platform as they appear. It really does not get any easier than that.
Furthermore, when it comes to short term profits, it really does not get any easier than enrolling in our Income Mentor Box Day Trading Academy free giveaway. Every single month, we do a $500 giveaway where 5 lucky winners get $500. We do this every single month, and every month there are 3 lucky winners. Now, this might not qualify as short terms profits through trading, but it certainly is free money that you can put in the bank.
Income Mentor Box Short Term Profits – Final Thoughts
As you can see, making fast short term profits through indices trading really is not that hard, as long as you know what you are doing. If you want to become a professional day trader and trade indices like a pro, our Income Mentor Box Day Trading Academy is hands down the best place to perfect your skills.