Is Coinbase Safe: Everything You Need to Know

As a cryptocurrency investor, there are some important factors you need to consider when choosing an exchange for your investments. Such factors may include the user interface, method of payment, multiple coin support, fee structure, etc. If you’re looking for a crypto exchange with these features, then Coinbase is one of your best options.

Aside from these factors, one of the major concerns of crypto investors about crypto exchanges is security. So, if you’re considering trading on Coinbase, you may be wondering, “Is Coinbase safe?” In this article, you’ll learn all you need to know about Coinbase and how safe it is for your crypto investment.

Is Coinbase Safe | What is Coinbase ?

Coinbase is an online platform where you can buy, sell, store, or transfer cryptocurrencies.

It was founded in 2012 in San Francisco by Brian Armstrong and Fred Ehrsam, starting as a brokerage service for selling Bitcoin to customers. 

The platform has since then diversified its services to become a full-blown crypto exchange with services like payment plugin for merchants, coinbase index, etc. With more than 56 million users across over 100 countries, Coinbase is one of the biggest online crypto exchanges in the world. It is also the largest Bitcoin broker and exchange in the world.

Services Offered by Coinbase

There are a variety of services that the Coinbase platform offers to its users. What you can do on Coinbase includes:

  • Buying and Selling of various coins such as Bitcoin, Ethereum, LTC, etc.
  • Coinbase Wallet: enables users to store and have access to their crypto funds.
  • Coinbase Merchant Solution: Through a dedicated plugin, the platform enables merchants to accept payments in cryptocurrencies on their websites. This plugin is supported by renowned CMS such as WooCommerce, Magento, and Shopify.
  • Coinbase Index tracks the performance of all the assets listed on Coinbase.
  • Coinbase Custodian Services: stores and safeguards crypto for institutions.
  • USDC (USD Coin): Coinbase stable coin to mirror the USD currency.

I show You how To Make Huge Profits In A Short Time With Cryptos!

Features of Coinbase

Coinbase features many facilities and capabilities that make it rank as one of the best exchanges in the crypto market. Hears are the top features of Coinbase.

User Interface

Is Coinbase Safe -Inside of Coinbase Trading Platform
User Interface of Coinbase

Coinbase has a very user-friendly interface that lets you navigate the platform with ease. The website is mobile-responsive with the home page featuring handy information about the website and ready buttons to get you started in no time. This is part of the reasons why Coinbase is a popular choice among beginner crypto investors.

Supported Coins

Although Coinbase started as a broker for just Bitcoin, it has extended its services to support a host of other popular coins. Today, Coinbase supports over 50 coins in its exchange and 500 tokens in total including NFTs (Non-Fungible Tokens).

Below is a list of some of the popular coins that Coinbase supports.

  • BTC
  • USDC
  • DOGE
  • DOT
  • ETH
  • FORTH
  • FIL
  • LTC
  • LRC
  • LINK
  • MANA
  • MATIC
  • SHIB
  • AAVE
  • ADA
  • BSV
  • And many others.

The availability and processing fees for each of the supported coins depend on factors such as country and payment method. You can find a full list of Coinbase supported cryptocurrencies and their availability on the Coinbase Pro Help desk.

Crypto-to-crypto Trading

Crypto-to-crypto trading lets you maximize the fluctuations of a coin compared to another to make a profit. For instance, you can trade BTC against ETH; if you sell BTC/ETH, you’re predicting that its price as against ETH will fall. If the market goes in favor of your predictions, you make profit, and vice versa.

This method of trading is one of the fastest ways to make profit in crypto. In Coinbase, you have access to more than 40 coins you can trade for BTC, about 11 coins for USDC, and about 7 coins for ETH. In total, Coinbase lets you trade up to 60 pairs for crypto-to-crypto trades.

On Coinbase, the USDC is stable with its price always equivalent to $1. So, you can easily know the fiat worth of your coins by first buying USDC and then using it to buy other coins. Note that crypto-to-crypto trading is available on Coinbase Pro.

Payment Methods

There are different payment options available in Coinbase to suit your location and transaction needs. Fees for transactions using any of these methods may vary. The accepted payment methods include wire transfer, credit cards, debit cards, PayPal (for withdrawals only), and crypto deposit and withdrawal.

Deposits and Withdrawal Transaction Limits

The transaction limits on Coinbase depend on the payment method, type, and level of account you’re using. Your account level depends on the level of verification you’ve done so far.

If you fully verify your account as a US resident, you can deposit up to $25,000 a day via ACH.  If you’re a European user, you may have up to €30,000 in your account per time.

For withdrawals, Coinbase generally does not restrict the amount you can withdraw to your fiat account. However, the time you get your money may depend on the method of payment you use. For instance, ACH transfers may take up to 5 business days before you can withdraw.

Coinbase Pro

This is a Pro version of Coinbase with some advanced features for advanced crypto users. With the Coinbase Pro, you have access to advanced trading options such as margin order, stop order, and limit order.

The system for fees for Coinbase Pro is also different; the higher your balance, the lesser the fees.

Coinbase Earn

This is a special program through which Coinbase lets users learn about crypto and earn at the same time. On Coinbase Earn, you’ll be required to watch some educational videos about cryptos and crypto trading. The videos are usually an average of 4 minutes long.

At the end of each class, the program requires you to write a test to qualify for the earnings. You get your reward deposited in your wallet after each quiz.

Mobile App

Is Coinbase Safe - Coinbase App USer Interface
Coinbase Mobile App

Over 90% of the world’s population of internet users surf the net with mobile phones. So, the Coinbase mobile app helps ensure that the exchange is visible and accessible to mobile phone users around the world.

The Coinbase mobile is available for download at the app marketplaces; Play Store for Android users and App Store for iOS users.

I show You how To Make Huge Profits In A Short Time With Cryptos!

Coinbase Fees

As noted on their website, Coinbase does not charge customers for wallet services.

That means you don’t need to pay a dime for storing your crypt with Coinbase.

You do not also need to pay to transfer assets from one Coinbase wallet to another within the platform.

However, you incur some charges when you transfer crypto from Coinbase to a wallet outside the platform. This kind of charge varies with different transactions and is disclosed at the time of your transaction.

For every time you buy or sell cryptocurrencies on Coinbase, the platform charges you a spread of about 0.5%. Note that the spread may actually be higher or lower because of the fluctuation in market price between the quoted time and the transaction execution time.

Asides from the spread, you’ll also pay a Coinbase fee which is the greater of either a flat fee or a variable percentage fee.

The flat fee ranges from $0.99 to $2.99 depending on the transaction amount as illustrated here. The variable percentage fee may be influenced by the payment type, region, or product feature involved.

Is Coinbase Safe To Link Your Bank Account ?

For many crypto traders and investors, knowing that Coinbase is secure enough for then to link their bank account is a big deal.

Because of the high amount of capital and value that crypto platforms hold, they are often the target for hacking attacks. So, ensuring that an exchange is secure before investing is a top priority for most crypto geeks.

Coinbase employs different security techniques to ensure the maximum security of assets on the platform. First, the exchange notes that 98% of the funds they hold are stored offline. This means it is out of reach for hackers looking for accounts to devour.

Again, Coinbase ensures that all users enforce the 2-step verification security feature on their accounts.

Is Coinbase Wallet the most Secure Crypto Wallet ?

This means that beyond your username and password, you will have an extra means of proving that you’re the owner of an account before you’re granted access.

Also, the Coinbase website is hosted on a secured SQL (https) and user wallets are encrypted with the AES-256 encryption system. To help keep user accounts more secure, the platform checks for password strength when during sign up or password reset.

Very importantly, all crypto funds held by Coinbase are covered by insurance. However, the insurance policy does not cover losses due to individual account errors from the user, such as compromise of password.

How to Get Started With Coinbase

If you’ve chosen Coinbase as your crypto exchange, getting started is easy with just a few steps. You can follow these guidelines to set up your account.

  • Download the Coinbase app for your device
  • Open the app, enter your email to create an account, and click Start
  • You will receive a verification message in your email. Click the link to verify your email.
  • Enter your phone number, and a code will be texted to your number as you continue. Verify your phone number by filling in the code.
  • Fill in other required details such as name, date of birth, Social Security Number, etc.
  • Select your mode of usage e.g investing, online purchases, etc.
  • Enter your income source and click on “Let’s Go”
  • Follow the next set of prompts to link your bank account to your Coinbase account.
  • Viola! You’re good to go on Coinbase.

The Coinbase app is relatively easy to navigate and use. So, you can buy, sell, or withdraw your crypto in few easy steps. Let’s consider some general guidelines for making transactions on the platform.

How to Buy a Cryptocurrency on Coinbase

  • Log in to the Coinbase app and click on Get Started
  • Select the crypto asset you want to buy from the list of available assets. Assume you select BTC for instance 
  • Input how much you want to buy. Coinbase lets you buy fractions of assets. So, you just input the amount in USD and the fraction worth of the asset is calculated. Note that the minimum amount is $1.99
  • Preview the buy order. Coinbase takes a certain percentage of the order amount, so notice this charge.
  • Click on Buy Now to confirm the purchase.

How to Withdraw Your Crypto on Coinbase

You can sell your crypto assets directly into your Coinbase fiat wallet from where you can withdraw into your linked bank account. Follow these simple guidelines.

  • On the mobile app, select the Buy/Sell button.
  • Click on Sell
  • Enter the amount you want to withdraw
  • Preview the withdrawal and confirm when you’re ready.
  • Select the account you want to withdraw into and proceed.

However, note that your Coinbase withdrawal takes between 1 to 2 days to arrive in your account. Also, there’s no limit to the amount you can withdraw.

I show You how To Make Huge Profits In A Short Time With Cryptos!

Pros

  • User-friendly interface
  • Wide variety of available cryptocurrencies
  • Wide range of crypto trading and investment services.
  • Low transaction minimum to encourage investments at every level
  • High security and Insurance

Cons

  • Relatively high transaction fees.
2-Minute Video Review of Coinbase

Alternatives to Coinbase

Coinbase is a popular choice among crypto investors, both for beginners and advanced users.

However, you can look up other platforms that offer similar services to compare and figure out which is most suitable for your investment. Such platforms include 

  • Binance
  • Kucoin
  • Kraken
  • Gemini
  • Robinhood
  • Coinmama, and a host of others.

CONCLUSION

As one of the leading exchanges for cryptocurrencies, Coinbase has been trusted by millions of users worldwide.

The security and insurance system it has makes it one of the most reliable platforms for crypto investment and trading.

I show You how To Make Huge Profits In A Short Time With Cryptos!

Nonetheless, the answer to the popular “Is Coinbase safe?” ultimately depends on your opinion of the platform.

You can learn more about crypto investments and what you need to know to become a profitable investor on Successful Tradings.

2021 Matador App Review – Is the Social Edge Worth it ?

Matador is a free stock-trading program that focuses on social media.

You can link your profile with friends so you can see when they add stocks to their portfolio or liquidate current positions by selling out of certain equities when you register and add a bank account to transfer money.

In this 2021 Review of Matador, you will learn all about the insights that makes this trading App a crowd favorite amongst Generation Y.

2021 Matador App Review | What Is Matador /Public App

Public, formerly known as Matador, is a stock-trading app for novice investors that has been open to the public since March 2019.

It’s similar to a lot of other beginners investing applications (like Robin Hood), but with a social component.

People can view the purchases and sales of their friends and other popular users.

You can find stock ideas on Public, but you should consult a financial advisor for help diversifying your portfolio and managing risk.

When Was Matador App Created

The Matador app, which lets users see what stocks their friends are buying, makes it simple to buy and sell stocks and ETFs with no commissions in seconds.

Matador was founded in May 2017 to make investing more accessible to younger generations by making it easy, social, and commission-free.

Who Created Matador App and Why was it Created?

Matador was founded in May 2017 to make investing more accessible to younger generations by making it easy, social, and commission-free.

Jannick Malling, Matador’s CEO, said, “We built a social platform that allows first-time, young investors to make informed investing decisions.”

How Does Matador App Work ?

To get started, iPhone users can download the app and fill out their investment application (the software is not currently accessible for Android users).

Once the information has been validated, users will receive an approval notification, after which they can fund their account and begin investing. Some app reviewers praised the program’s slick and user-friendly UI, which includes tabs for particular stocks and trends.

Users can examine information about the firm they intend to invest in as well as standard trading statistics like the P/E ratio and market capitalization.

But it’s the feed of your personal Matador community (linked to Facebook) where you can see other people’s portfolios and a list of companies they hold that makes this app stand out.

2021 MATADORAPP Review - The APp is available only to iphone USers
iPhone Users Can Download the Matador App on the Apple Store

You can, however, disable the social option if you don’t want to share your portfolio.

Matador’s social tab, in addition to displaying your stocks, allows you to explore the stocks that the Matador community has most recently traded, giving you “a sense of which equities are trending throughout the broader Matador community.”

Concerns about social investing generating an investment bubble that inflates or deflates demand are alleviated by the fact that Matador only shows you what you want to see.

Main Features of the Matador App

Engaging conversations

  • Increases accessibility and allows Matador users to contact anybody at any time.
  • Allows real-time messaging by e-mail, SMS, and chat, which improves customer interaction.

Comprehensive profiling

  • Personalized interactions by maintaining a complete and detailed perspective of each visitor.
  • Provides greater insights into each client’s journey and fills in gaps in customer reviews

Scoring

  • Boosts conversion and brand loyalty by leveraging the power of Business Intelligence.
  • Machine learning to prioritize workflows and locate high intent prospects.

Capture

  • Clients and their teams can use the chat widget to gather and convert anonymous sessions into engaged customers.
  • Increases sales and generates greater value by quickly giving customers pertinent information.

Reviews

  • Increase business and build an audience by converting customers into ambassadors
  • Keep a check on overall user experience and prioritize a good customer experience

How Will You Benefit From Matador App

MATADOR is dedicated to providing simple-to-use, high-performance applications that boost productivity and agility in the workplace. We make certain that: • Industry Standards are met

  • From analysis to design to development to testing and documentation, we use an industry-standard Software Development Lifecycle (SDLC) process.
  • Flexibility & Scalability

To accommodate increasing company demands, we create complete application solutions with the future in mind.

  • Cost Savings

Adopt a hosted software paradigm to avoid making large upfront infrastructure and maintenance investments.

  • On-Time, On-Budget Delivery

Matador app publish milestones regularly to maintain transparency and meet deadlines and budgets.

  • Service Guarantee

Benefit from our customer-centric service delivery and technical support from our 24×7 Regional Service Desk.

What Are Users Saying about Matador App

One of the users says:

 I like how simple the interface is to use. When it comes to initiating initial contact with customers, the automated text setting saves a tremendous amount of time. I routinely qualify 200-300 leads at a time, and Matador was important in ensuring that I was able to do so without the assistance of a team. With all of Matador’s features, one full-time employee could easily do the job of a small B&B.  The Matador team is also amazing to deal with.

Another recent iPhone user of the Matador App declares:

 I like how simple the interface is to use. When it comes to initiating initial contact with customers, the automated text setting saves a tremendous amount of time. I routinely qualify 200-300 leads at a time, and Matador was important in ensuring that I was able to do so without the assistance of a team. With all of Matador’s features, one full-time employee could easily do the job of a small B&B.  The Matador team is also amazing to deal with.

Simple, practical, and user-friendly Matador has only good things to say about it: it’s well-designed and has fantastic customer service. It comes highly recommended! The best features were bulk messaging and tracking my client funnel. It aided me in increasing sales and narrowing down my target market.

How To subscribe to Matador App ?

Begin by downloading the Public app from the Google Play or Apple App Store!

Setting up and completing your investment application through the app takes only a few seconds, and then we’ll take care of the rest. We’ll send you an approval notification and a free stock once we’ve verified your information.

Click the Free Stock button in the top right corner of the home screen to get started.

2021 Matador App Review - MAtador App has been rebranded to Public.com
Matador App Has been rebranded to Public.com

From there you’re ready to rock, fund your account and begin investing! 

To invest in your Matador account, you must meet the same requirements as any other brokerage account:

  • You must be 18 years old,
  • Must have a valid Social Security number,
  • Must live in the United States legally.
  • Be a citizen of the United States, a permanent resident of the United States, or have a valid visa.

In some rare circumstances, you may need to provide more information to complete your application.

How To Cancel Your Subscription to Matador ?

To unsubscribe your account on Matador, you just have to delete your account.

How to Reach Customer Service if you have an inquiry?

If you have any queries and you want to reach customer care, then you just have to visit the matador app site and get in touch with customer support.

All of your customer service needs are in one place.

Questions, comments, product info, they provide all.

Email: CustomerService@MatadorUp.com

Note that email is the fastest, easiest way to get your issue resolved.

Phone: 1-720-242-6437 (M-F 8AM-5PM Mountain Time)

Returns (USA):

Matador’s typical return policy is 30 days from the date of purchase.

Returns must be unopened and in the same condition as when they were shipped. After 30 days, no returns will be allowed.

The cost of return postage is the responsibility of the customer.

To make a return, please email CustomerService@MatadorUp.com and include the name or order number.  Matador asks for 3-5 business days upon receiving the order to process your return.

International Returns:  Matador’s typical return policy is 30 days from the date of purchase. Returns must be unopened and in the same condition as when they were shipped. After 30 days, no returns will be allowed.

To return an item, send an email to CustomerService@MatadorUp.com with your name and order number. Matador will issue a complete refund once the item is received in the same condition as when it was shipped.

International Orders, Shipping, Duties, Taxes, Etc.: All charges related to importation to the destination country are the responsibility of the customer. All tariffs, taxes, and brokerage fees related to the order are included. The cost of shipment is not included in the free international shipping offer, nor are customs or taxes.

Matador Warranty

Transparency is important to Matador.

Matador does not provide misleading “lifetime” guarantees that cover “the product’s life, not the user’s life.” Matador, on the other hand, tells you exactly what you can anticipate from their warranty and then delivers. The following are the details of the various warranties offered by Matador:

Matador 1-Year Warranty: Unless otherwise stated, all Matador items come with a one-year warranty against material and workmanship faults. If you have a problem with a Matador product within one year of purchase, Matador will replace, refund, or repair it at no cost to you.

Matador 2-Year Warranty:  Only for devices with a 2-year warranty: If you encounter a problem with a Matador product within two years of purchase, the Matador team will replace, refund, or repair it at no cost to you.

Warranty Restrictions: Purchases made from unlicensed retailers on third-party sites, platforms, or stores (such as eBay or Amazon) may be excluded from warranty coverage. To register a warranty claim, you’ll need proof of purchase.

Warranty Claims: To file a warranty claim, please email CustomerService@MatadorUp.com.

Please include your name and order number, as well as a photo/scan of your original purchase receipt or original order confirmation.

Matador makes every effort to provide excellent service to our customers.

Matador may examine warranty claims that do not match the above standards at its discretion.

If you fit this description or don’t have your original receipt, reach out to CustomerService@MatadorUp.com with your issue and Matador will determine if Matador can still cover the issue under warranty

What Are the alternatives To Matador App

Here are some alternate trading Apps that are competing with the MAtador App.

  • Robinhood
  • Investing
  • Stock Trainer
  • Meta Trader
  • Thinkorswim
  • Protrader
  • Drive Wealth
  • M1 Finance
  • Webull

When it comes to the last one, you will find multiple reviews on how to use Webull App for trading on this blog.

Here is a step by step video on how you can trade Options on the Webull App.

Pros and Cons

PROS

  • Great for Investment Beginners

If you’re new to investing, the Matador app might be the best option.

Many programmers make investing and deciding how to share your assets simple.

Some apps take a hands-off approach, investing extra money from your bank account or change from your purchases without any additional work on your part.

Others provide educational guidance on investing that can be helpful for beginners.

Some apps even use algorithms to help you make investment decisions.

  • Low-Hanging Fruit 

Another advantage of utilizing a Matador investment app is that many of them have little or no minimums and fees. This makes it simple for people with lower incomes to invest, and it can be a smart method to save and build your assets with no work. Some programmers let you spend as little as $5, while others rely on rounding up your credit card purchases to invest leftover change.

CONS

  • MINIMAL PERSONAL FINANCIAL ADVICE

The disadvantage of using the Matador app is that you don’t have the benefit of working with someone who can provide you personalized counsel and direction.

This may be acceptable for folks who are just getting started or have a small amount of money to invest.

However, if you want to start investing substantial sums of money, you should speak with a financial specialist who can help you sort out your objectives and save money.

  • FEES CAN ADD UP

Even if the investment Matador app fees appear to be tiny, they can add up quickly when you consider the returns you’re getting, especially with small sums of money. Apps with flat monthly prices can harm you more than they benefit you.

For example, a $1 monthly fee for a Matador app may appear to be quite affordable.

When compared to an app or investment service that takes a percentage of your funds, the cost is much lower. Assume that the asset-based fee is 1% per year.

Your asset-based charge would be $1 for the year if you invested $100, but your flat cost would be $12. (12 percent instead of 1 percent).

Even if you aren’t ready to start investing, speaking with a financial professional can help you determine which investment strategies are appropriate for you, whether you use a Matador app or a person.

  • No Options Trading as of this time on Matador App

We know that Option Trading provides a good leverage to beginner investorsbecause of the low barrier to entry.

What this means is that you do not need tons on moeny to start investing with options.

Luckily, with the recent introduction on fractional shares trading, users will be able to buy some of the most expensive stocks.

CONCLUSION

Matador (currently known as Public) is a new stock trading platform that does not charge commissions.

An Android app is in the works, and there is a waiting list to be notified when it becomes ready.

Matador is a smartphone app that offers no-fee trading on over 5000 US equities and ETFs.

You select Matador because you want to be a part of a community.

What sets Matador apart from the competition is the ability to connect with friends and see what they’re investing in.

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How To Read Level 2 Market Data on Webull

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Trading stocks on margin entails borrowing money from a broker in order to make a transaction. But is it worth trading on Margin? Let’s find out.  A margin account improves purchasing power while also allowing investors to utilize someone else’s money to raise financial leverage by borrowing money from other investors.  Margin trading has a higher profit potential than regular trading, but it also carries a higher level of risk. Is It Worth Trading On Margin | What is Margin …

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2021 Best Trading Journals – For The Disciplined Investor

best trading journals

The Best Trading journals are important for everyone who is serious about becoming a master of the marketplace. Keeping a trading journal is similar to keeping a diary about your life as an investor.

Many people use journals to preserve thorough notes of their business transactions. These commonly-used materials are extremely helpful to traders of all skill and experience levels.

Trading journals are a very personal resource. Thus the level of detail varies considerably from one to the next. Some traders simply keep track of their entry and exit positions and the outcome of their trades.

Why You Need Best Trading Journals?

Keeping a trading journal is one of the most underappreciated actions by forex traders, both newcomers and seasoned veterans alike. 

It has the potential to be a significant instrument in your trading career. Here are some of the most compelling arguments in favor of using forex journals.

Keep Track of Your Progress

Trading over extended periods of time makes it difficult to recall all of the transactions you made just from memory, making it much more difficult to maintain track of your overall trading performance. 

You won’t be able to see whether or not your selected trading methods are lucrative or whether or not you achieved any of your trading objectives. On the other hand, a trading journal allows you to keep track of your trading actions and progress conveniently.

Increase the Effectiveness of Your Trading Methods

Keeping a comprehensive record of your previous trading actions is important in the forex market. This information is extremely useful since it allows you to identify your own trading strengths and limitations. 

2021 Top 10 Best Trading Journals - Example of Successful Trading Alerts
Successful Tradings Alerts Consistent Performance

Examining your longer-term data can assist you in determining whether or not you are adhering to your trading plan and whether or not that approach is effective. 

Identifying and tweaking the approach that is not lucrative over the long run is simple if your long-term track record is not profitable.

Analyze Trends and Patterns

To ensure that your transactions are secure and safe, it is best to do so as soon as possible after opening or completing your trades. 

The specifics will still be fresh in your mind while you’re writing down the overall market patterns, which will be helpful. What is the significance of this?

2021 Top 10 Best  Trading Journals - Successful Tradings Alerts Show a very curious pattern for 3rd Week Option Expirtion
Third Week Option Expiration has a very Subtle Pattern on ST Trade Alerts

When you gather your notes on the patterns, you may be able to adjust your Risk.

The chart above illustrates just how to Successful Trade Alerts average move per stock tens to dip below their normal average on the third week of options expiration.

Instead of the usual 8% or more, the average move per stock comes down to by a good 25%.

Therefore, we know that on this third week of each month, we can lower our strike price and risk less money as well.

7 Best Trading Journals

TraderSync – Best Trading Journals Overall

2021 Best Trading Journals For the Disciplined Investor - TraderSync Trading Journal
TraderSync Trading Journal

The extensive range of capabilities available through TraderSync has the potential to enhance your trading results dramatically. You may get even more value out of your trading journal using the platform, which analyses your trades and generates informative insights.

When Was TraderSync Launched? 

The platform created in 2014 by a group of programmers who, at the time of its creation, spent countless hours studying about trading and completing courses.

In the end, they realized they needed a tool to assist them in keeping track of their deals.

How Does TraderSync Work?

The built-in trade simulator allows you to experiment with different trading methods without having to lose any of your hard-earned money. This function alone has the potential to save you a significant amount of money over time.

Overall, we believe that TraderSync is a fantastic all-around solution for just about every trader to consider. However, because the free version has some restrictions, you will need to subscribe to the program every month to use its full capabilities.

Because of its arsenal of technical analysis capabilities, TraderSync makes it simple to fine-tune your trading approach as you go. Furthermore, the AI feedback makes it simple to identify and exploit beneficial patterns in your transactions.

Features of TraderSync

The capabilities of TraderSync intended to support the platform’s three primary functions: journaling and backing up your transactions, identifying trading trends, and providing actionable feedback to help you improve your trading results.

Charting Feature

The trade management platform has a number of useful charting capabilities that allow you to keep better track of your inputs and exit points, as well as chart targets, test stop-losses, and other features.

An intraday charting tool is available, which enables traders to monitor price action changes on a minute-by-minute basis and accurately adjust their stop losses.

Analytics and feedback

TraderSync is home to a plethora of analytical tools that may assist you in improving your trade management and identifying crucial moments in a variety of circumstances.

If you wish to do a manual analysis of the trade, you may submit screenshots and make notes to help you remember the facts of the transaction. 

It will also be possible for the trading journal to create automatic trade-specific statistics, such as a depiction of critical insights such as return per share/contract, total return, risk, and so on.

Sharing Feature

It is entirely up to traders to submit their trading results, ideas, custom data (returns, trade size, screenshots, notes, and so on), performance reports, and other information.

In this approach, you can easily provide access to your mentor or trading peers to the features of your trading style and receive feedback on areas where you may improve or where you stand out from the crowd.

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Is it worth Trading on Margin?

Is it worth Trading on Margin? – Easy Step by Step Guide

Trading stocks on margin entails borrowing money from a broker in order to make a transaction. But is it worth trading on Margin? Let’s find out.  A margin account improves purchasing power while also allowing investors to utilize someone else’s money to raise financial leverage by borrowing money from other investors.  Margin trading has a higher profit potential than regular trading, but it also carries a higher level of risk. Is It Worth Trading On Margin | What is Margin …

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Reporting features

TraderSync can create reports that are easy to comprehend and visually appealing, allowing you to get valuable insights from your trading activities. 

There are over ten distinct reporting tools available in the trading journal, allowing you to have all you need to assess your performance from any perspective at the tip of your fingers.

How To Subscribe to TraderSync?

The pricing, which is the crux of our TraderSync review, let’s discuss it. TraderSync has one of the most flexible pricing plans in the niche of trading journal software, and this is a key differentiator.

Which of the four trading account tiers you select determines the fee that you will pay. In order to determine which is the ideal option for you, it is necessary to evaluate how each matches your trading requirements, style, and preferences. 

The following are the TraderSync offerings from which you can choose:

  • Basic Account – free
  • Pro Account – $29.95 per month
  • Premium Account – $49.95 per month
  • Elite Account – $79.95 per month

All paying accounts are eligible for a seven-day free trial period. Here is a comprehensive overview of the features available on each account to assist you in making your decision. 

The gist of it is that you may add an infinite number of trades for each of the payment account types you choose.

How to Cancel Your Subscription for TraderSync?

To cancel your subscription for TraderSync, go to your Profile, select Account Plan, and then select Cancel Subscription from the available options.

Pros

  • All plans are eligible for a 7-day risk-free trial
  • It is possible to trade stocks, futures, currencies, and options
  • Interactive charts and artificial intelligence capabilities

Cons

  • Elite subscriptions are subject to higher pricing

Edgewonk – Best Trading Journals for Beginners

This is, without a doubt, the best-designed digital trading journal currently on the market right now. We appreciate the fact that it is simple to use and quite useful.

2021 Best Trading Journals For the Disciplined Investor - Edgewonk Trading Journal
Edgewonk Trading Journal

When Was Edgewonk Launched?

Edgewonk first launched in 2015. More than a trading journal, Edgewonk, a sophisticated data-driven trade analysis tool that you can use to make better trading decisions. 

All of your trades in all currencies and markets across the world are kept track of by you.

How Does Edgewonk Work?

EdgeWonk is a pretty simple program that works extremely well. First and foremost, you must import your trade data. 

There are virtually all trading software programs, including cTrader, Interactive Brokers, MetaTrader 4, NinjaTrader7 and 8, Saxobank, generic Excel imports, and many others. cTrader is the most popular trading software.

The first feature we’d like to highlight is the simulator that comes pre-installed. It is possible to determine how future-proof your trading technique is with this tool. 

And, of course, this may go a long way toward ensuring that you are prepared for various scenarios.

When it comes to using trade journals, one of the most common difficulties users have is that there is simply too much information being transmitted at any same moment. 

Because EdgeWonk comes with filters, you won’t have to worry about how your journal responds to you.

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Apart from that, we are completely smitten with the overall style and layout of this specific journal. 

Additionally, it provides you with the opportunity to attach screenshots to each one of your entries, which you may use to visualize your trading performance.

Features of Edgewonk

The features of EdgeWonk are now the focus of our EdgeWonk review, so let’s get to it. Beyond being a well-organized trading journal, the site is also fully loaded with sophisticated features. Let’s have a look at some of the more intriguing examples:

Entry and Exit Optimization

The program will begin evaluating your trades as soon as you have uploaded the necessary information. It will then come up with a better plan for timing your entry and exits in order to maximize your profits. 

It will also provide you with recommendations on the sorts of orders to employ, as well as where to place your stop orders, among other things. The aim of this is to assist you in increasing your success rate.

Trade Simulator

Our EdgeWonk review would not be complete without mentioning the trading simulator function. It is quite beneficial when performing backtests. 

As soon as you enter a sample of trades that is statistically significant, you may run simulated scenarios and portfolios. 

You will be able to observe what outcome you would have obtained if you had traded on specific signals, time periods, and other factors in the past. 

Testing your approach in a variety of circumstances can assist you in determining how resilient it truly is. This will assist you in staying updated about whether or not it will be able to resist market shocks or operate well in various circumstances.

Trading Classifiers with Advanced Technology

The Advanced Trade Data tab, as well as its classifiers, are two features that significantly distinguish the EdgeWonk journal from the competition. 

Once your transaction information has been entered into the system, it will search the data for macro events and other potential patterns that have happened in the time period around the trade. 

The President of the United States or the Chairman of the Federal Reserve, the Governor of a central bank, corporate earnings, global trade wars, and other such events are examples of market-moving events.

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How To Subscribe to Edgewonk?

It costs $169 for a yearly membership, and there are no other subscription options available. Visit www.edgewonk.app/register to subscribe to Edgewonk.

How to Cancel Your Subscription for Edgewonk?

It is possible to manage your subscription and even schedule cancellations using the customer site.

Please keep in mind that once you cancel your pro journal, you will no longer have access to any of the features available. You will also lose access to any and all trade screenshots and notes that you have made. You will not be able to retrieve the journal that was canceled.

Pros

  • Keep track of your trading results.
  • Make use of your trade data analytics to your advantage.
  • Increase the effectiveness of your trading activity.
  • Backtest your approach to see how it would have succeeded in a variety of different situations.
  • A cost-effective option that requires only a single payment

Cons

  • Long-term investors may find this investment unsuitable

Trader Vue – Best Trading Journals for Experts

Best Trading Journals - Trader Vue Trading Journal
Trader Vue Trading Journal

Our next best trading journal is moving on quickly, none other than Trader Vue, which comes up at number three on our list. It has been in existence since 2011 and appears to be growing in strength over time.

One of the things we appreciate about this platform is that it allows you to start without paying anything. 

Yes, you read that correctly. You may use their free tier to make up to 100 stock transactions each month without having to worry about being charged a penny.

When Was TraderVue Launched?

Founder Greg Reinacker established the company in 2011, developing it to a platform that supports 100,000+ traders. 

Over the course of 2020, growth in trading was turbocharged — both in terms of active trading activity, and new trading accounts established — and things haven’t slowed down this year.

How Does TraderVue Work?

We believe that TradeVue represents the best value for money among our building’s budget-conscious consumers. The long-term development potential of EdgeWonk, as well as the comprehensive features of TraderSync, remain our top picks.

Even though TraderVue is still in business, their daily journal summary report is as good as ever. Yes, they do present you with a performance report at the end of the day, which includes information on trading statistics and a profit/loss graph.

Tradervue makes it easy to keep track of your trading history by allowing you to import trades automatically from your brokerage account. 

If you want to improve your trading skills, having all of your trading histories in one place and being able to look through them is handy and beneficial. 

You may even post the deals you’ve made with other traders in order to obtain feedback, or you can use them as a model for giving advice to others.

Features of TraderVue

We’ve arrived at one of the most crucial sections of our Tradervue review: the platform’s features and capabilities. It is possible to categorize them into three types: journaling, analyzing, and sharing. Let us take a look at each of them individually:

Journal Features

It is possible to import trades for a variety of asset classes into Tradervue, including stocks, futures, and foreign exchange. You may make use of a number of different capabilities provided by the program. 

Take, for example, the automated price charts that are generated. In your trading diary, once you’ve entered a transaction, you may produce and examine charts on a variety of periods (ranging from 1 minute to weekly intervals), along with the buy and sell points. 

Also, you may write trade and daily notes to make it simpler to analyze a particular transaction when you come back to it in the future. You may also tag and filter your deals to better organize your history and keep everything in chronological order. 

Once you’ve completed this step, you’ll be able to quickly organize, filter, and evaluate your transactions with a few simple mouse clicks.

Analysis

The report and analysis capabilities on the Tradervue platform are the cherry on top of the cake. 

Tradervue automatically generates charts with all of the trade inputs and exits highlighted based on the data that has been supplied. 

Both intraday and multiday reports may be generated by the platform using various parameters.

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Feature for Sharing

Last, but certainly not least, you have the option of disclosing your trading history and performance information to other members of the trading community. A number of options are available through the social networking platform function. 

The first step is to decide whether or not to publish your transactions and inform others more about your strategy, including whether or not you followed through with it and what happened as a result. 

It’s important to disclose not just your profitable transactions, but also your unsuccessful ones. Not every trader is a winner, and you will always gain more knowledge from your lost transactions than you would from your winning deals.

How To Subscribe to TraderVue?

Our Tradervue review would be incomplete without discussing the financial aspects of the platform. The Tradervue journal is available in three different pricing options: free, silver, and gold. Here’s a little additional information about each of them:

Free Plan

Includes a basic journal with 100 stock or ETF trade entries every month for the duration of the subscription. You have the ability to produce both summary and comprehensive reports on your trades, as well as to share your trading history with others. 

You may also benefit from automated price charts that are shown on different time periods. It takes only a few seconds to activate using your email address and password.

Silver Plan

Aside from all of the features included in the free plan, the silver plan adds unlimited trade entries, more than 100 advanced reports, MFE/MAE statistics, multiple trading accounts, and a host of other services for a monthly fee of $29 (plus taxes).

Gold Plan

This package contains all of the capabilities of the free and silver plans, as well as risk tracking and reporting features, exit analysis, liquidity reports, and other useful tools and information. The gold plan has a monthly cost of $45 dollars, which is a good deal.

How to Cancel Your Subscription for TraderVue?

You can easily cancel your subscription to TraderVue, by logging into your account. 

However, keep in mind that terminating a membership will result in a subscription credit being credited to your Tradervue account for the unused portion of your paid subscription. Moreover, it may then be used to purchase a new subscription in the future if you so choose.

Pros

  • Trading journal and trading social networking tool that is simple to utilize
  • Advanced capabilities to assist you in analyzing your trade history are available
  • Flexible price choices are available, with a free plan for 100 stocks included

Cons

  • The monthly subscription amount accumulates to a higher amount

Trademetria – Budget-Friendly Best Trading Journals

Although Trademetria has a large number of functions, the monthly fee is extremely cheap. It is a particularly appealing choice if you trade with more than one broker since it allows you to integrate with numerous brokers simultaneously.

Trademetria may not be the ideal option for day traders due to its delayed quotations, but it provides everything most traders want to be successful.

When Was Trademetria Launched?

The Trademetria was launched in 2016. The platform offers all of the important features, ensuring that you have everything you need to analyze your transactions and enhance your online trading performance at your fingertips.

Best Trading Journals - Trademetria Trading Journal
Trademetria Trading Journal

How Does Trademetria Work?

The Trademetria trading journal ticks many of the most essential boxes when it comes to being an inexpensive trading journal with a comprehensive feature set.

To improve your trading strategy, perform better trade analysis, and keep more structured trade notes, you may make use of Trademetria’s tools and features.

Furthermore, the free edition of Trademetria includes a robust feature set, allowing you to get a lot more out of this trading tool without having to sign up for a premium membership.

There are certain limitations to Trademetria, but it is an excellent all-around solution for many traders.

Features of Trademetria

The platform offers a wide range of features and capabilities that may be beneficial to both novice and experienced traders and investors. The trade notebook provides you with the ability to:

Maintain a record of your trading activities

Users can take advantage of a beautifully designed and simple-to-use trade history monitoring tool that includes everything from individual and daily trade entries to image attachments. 

To better represent the circumstances surrounding a particular trade to adding trade remarks and descriptions to the trade history database.

Examine the results of previous projects

You may sort and filter your trades by a variety of criteria, including date, instrument, applied strategy, instrument rankings, and more. 

Additionally, you may watch the increase of your equity over time and produce sophisticated reports on your intraday performance and trading outcomes.

Multiple accounts are being monitored for a variety of metrics

The diary includes over 30 critical indicators that, when taken together, help provide a full picture of your trading habits, goal monitoring, and how it influences your trading performance, among other things.

For example, if you want to track your open PnL or compute risk factors such as profit factor or R-ration of your portfolio, you don’t have to log in to the platforms of all of the brokers with whom you trade. 

Trademetria consolidates all of your positions into a single screen and generates a summary of your overall performance for you to review.

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How To Subscribe to Trademetria?

The most appealing feature of the solution is the variety of payment options available, which makes it a universal tool for all sorts of traders. The platform costs are separated into three categories: free, basic, and professional.

It costs $19.95 per month for the Basic option and $29.95 per month for the Pro option. Annual payments are eligible for a 30 percent reduction, which reduces the rates to $169 and $249, respectively, if made in advance.

All you have to do is visit Trademetria and subscribe to the package you like.

How to Cancel Your Subscription for Trademetria?

Customers have the option to cancel their subscriptions at any point. You may cancel your subscription by logging into your account and clicking on the Cancel Subscription option in the Account Plan section.

Pros

  • Tracking the performance of your trading operations
  • A platform that is web-based and can be accessed from anywhere in the world.
  • Functionalities for advanced analytics are available.
  • Included are real-time quotes.
  • Supports equities, options, futures, FX, cryptocurrencies, and contract for difference (CFDs).
  • API and PnL Simulator

Cons

  • Recurring costs

Edgesheet – Best Trading Journals for Forex

In addition to being a crypto-only trading journal, Edgesheet will instantly import your transactions from BitMEX, FTX, Binance Futures, and Bybit through API integration.

Edgesheet is a straightforward and straightforward user interface that allows you to monitor numerous accounts, see your trades with all essential statistics, open charts that show your exact inputs and exits, and do a few other things. Edgesheet is free to use.

When Was Edgesheet Launched?

Edgesheet was launched in early 2020. Comparing Edgesheet to Coinmarketman, which I will discuss in more detail later, which is arguably the most significant competitor to Edgesheet in the cryptocurrency trading arena, Edgesheet has less functionality. 

It is designed on the principle of simplicity, which is reflected in the pricing, which is only $19.99 per month.

2021 Best Trading Journals For the Disciplined Investor - Edgesheet Trading Journal
Edgesheet Trading Journal

How Does Edgesheet Work?

Edgesheet, in my opinion, is a fantastic journal for anyone who wants to have a fundamental understanding of their or her crafts and industries.

Those who deal in cryptocurrency will find Edgesheet to be an excellent choice because it allows them to keep a journal that automatically imports all of their transactions and tracks crucial data.

In addition to being a crypto-only trading journal, Edgesheet will instantly import your transactions from BitMEX, FTX, Binance Futures, and Bybit through API integration.

Features of Edgesheet

The following are some of the features of Edgesheet:

All of your trades in one convenient place

Check your open positions and trading history to see how you’re doing. With full-featured charts, you can analyze any trade. 

Statistics and performance metrics may be used to keep track of your trading strategies. Formulate, test, iterate, and refine your competitive advantage.

Support for Multiple Accounts

Binance Futures and Bybit accounts may be linked together so that you can keep track of your whole portfolio in both USD and BTC modes. Prepare your data for individual analysis by filtering it. Trades, accounts, and exchanges should all have labels assigned to them.

How To Subscribe to Edgesheet?

You can easily subscribe to Edgesheet by visiting their official website. You will get the free 14-days trial and afterward, it will be $19.99 per month.

How to Cancel Your Subscription for Edgesheet?

To cancel your subscription, go to your Edgesheet account and cancel your subscription. If you face any difficulty, you can contact their customer support as well.

Pros

  • All of your trades in one convenient place
  • Support for Multiple Accounts
  • Affordable in terms of pricing

Cons

  • Limited features as compared to other trading journals
  • Not suitable for professionals

Coinmarketman – Best Trading Journals for Crypto

Our next Trading journal is Coinmarketman, which is likely to be a more popular alternative among traders owing to their more active marketing approach, attempts to elevate the concept of journaling to a completely different level.

When Was Coinmarketman Launched?

Coinmarketman was launched in mid-2017. This sophisticated crypto tracking program can help you take your bitcoin investment to the next level.

How Does Coinmarketman Work?

As with Edgesheet, they are a crypto-only journal, although they provide a few more exchanges when compared to the latter.

You can import trades from Bybit, Bitmex, Bittrex, Deribit, Coinbase, and Binance, among other cryptocurrency exchanges.

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A simple journal like Coinmarketman is not what it claims to be; it is actually a platform that performs much more than simply integrate your trades through API.

All of your metrics are meticulously monitored; you get real-time price tickers, a grade for your performance, and more.

The fact that they are quite active and continually improving their product, which is already extremely strong, can be seen by their activities.

Best Trading Journals - Coinmarketman Trading Journal
Coinmarketman Trading Journal

Features of Coinmarketman

The following are the features of Coinmarketman:

Trade auto-sync

Coin Market Manager’s main benefit is that it allows you to quickly import deals from popular crypto exchanges with the press of a button, thereby giving you the opportunity to track all your coins in one location.

Multi-cryptocurrency tracking

Never make the same mistake again. Gain unparalleled insight into the turbulent cryptocurrency market in real-time.

Use the FIAT watchlist to monitor your preferred FIAT/crypto pairings across various crypto exchanges. The net worth that you have shown on connected exchanges and wallets is increasing.

Better understanding your crypto-investment

For each exchange, there’s no longer a requirement to log in in order to see your cryptocurrency. 

You can keep track of your whole crypto assets using Coin Market Manager. You can examine your whole portfolio balance, including your profit and loss, as well as the number of coins you have in both BTC and USD.

How To Subscribe to Coinmarketman?

Simple Portfolio overview, Real-time pricing, 1 account per exchange, and live browser tab balance are all included in the free Basic Plan. Sign up from their website to start using it.

Active traders may profit most from their premium subscription plans:

Pro Plan: Break-even data, unlimited trade updates, automatic trading diary, and in-depth account analytics are included in the Pro plan. Every month, it costs $41.66

Enterprise plan: For $49.99 per month, get everything in the Pro plan plus CSV downloads and reports.

You may try out Coin Market Manager for 7 days for free before committing to their plan.

How to Cancel Your Subscription for Coinmarketman?

To cancel your Coinmarketman subscription, log in to your account and cancel your subscription. You can also contact their customer support in case of any difficulty.

Pros

  • The user interface is intuitive and straightforward.
  • Keep track of all of your cryptocurrency in one spot.
  • Techniques for refining your methods through the use of journals
  • Advanced analytical techniques
  • Uncomplicated to comprehend a chart of performances
  • Keep track of all of your exchange deposits, withdrawals, and account balances.
  • Balances in real-time, as well as total gains and losses

Cons

  • There is no mobile app.

Journalytix – Best Trading Journals for Stock and Crypto

Jigsaw has developed a platform called Journalytix.

If you are familiar with Jigsaw, you can be confident that Journalytix will be a genuine experience.

Their systems, which mostly focus on futures (but also allow you to record forex, CFDs, stocks, and cryptocurrency). Moreover, provides a comprehensive performance tracker with a built-in calendar and audio news feed.

When Was Journalytix Launched?

Journalyix was launched in 2018 by Jigsaw. The tools highlight trends in trading data that assist traders determine what is working and what isn’t for them.

How Does Journalytix Work?

Leaderboards, group discussions, group analytics, and a management dashboard are all features that are exclusive to the Journalytix software platform.

Aside from that, they collaborate with a number of legacy futures brokers and futures funding businesses. So if you are involved in the futures trading industry, you may find yourself utilizing the Journalytix platform.

They are a good option. However, as a classic retail trader, I would look at either Edgewonk or Tradersync as a next step on list.

Best Trading Journals - Journalytix Trading Journal
Journalytix Trading Journal

Features of Journalytix

The following are some of the features of Journalytix:

Dashboard for Trader Assistance

“Day Overview” combines a real-time audio news feed, economic release warnings, real-time economic news announcements, profit, risk and P&L charting. 

All in one place to ensure that you are always aware of how your day is progressing, how it compares to your typical day, and what events are shaping the days’ action. 

Journalytix “Day Overview” combines a real-time audio news feed, economic release warnings.

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Tagging and Journaling in the Workplace

Trade information is immediately transmitted to our computers within seconds of opening or canceling a position on your trading platform. 

A pleasant, unobtrusive notice will provide you with 1-click access to the journal for that position, where you may – voice dictate notes (130 languages allowed), classify the trade, add free-format hashtags and attachments such as screen images or videos, and much more!

Dashboard with Advanced Analytics

Analyze your trading history to understand what is truly affecting your profit and loss – both positively and negatively.

Trade types and free-format hashtags you added to positions may determine which instruments, when the open positions, and what trading habits are truly driving your bottom line.

Playbook

Because nothing is guaranteed to perform all of the time, your playbook serves as a store for knowledge about your trading rules as well as which market circumstances are most appropriate for each setup.

How To Subscribe to Journalytix?

You can easily subscribe to Journalytix packages by visiting their website. Moreover, you will come across the following packages:

  • 14 DAYS FREE, then $47 per month
  • First 14 Days Free, then $399 per year
  • $47 per month
  • $399 per year

How to Cancel Your Subscription for Journalytix?

During the first 14 days, you won’t have to pay anything. Alternatively, you may cancel the recurring payment via Paypal before the 14-day period expires if you do not wish to proceed. 

If you want assistance in canceling your plan, please contact them and they will assist you.

Pros

  • Dashboard for Trader Assistance
  • Advanced Analytics
  • Tagging and Journaling in the Workplace

Cons

  • Limited features as compared to TraderSync

Best Trading Journals Conclusion 

There is no question that keeping a decent trading journal may help you move from being an average trader to becoming a top-tier trader overnight.

However, in order for this to occur, the journal must offer you with the tools and functionality necessary to complete the task at hand.

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The seven selections discussed above are all excellent, but you should take the time to examine their essential characteristics in order to choose which one is the most appropriate for your trading style.

Options Trading Excel Template – Free Downloads

Looking for free Options Trading Excel Templates, you have come to the right places. You will be able to easily download our proven Excel Template to help you with your options Trading. Options Trading Excel Template #1 : ATR Excel One of the most common question I get from traders I coach in my discord room is the following: How To Calculate The Strike Price of an Option ? ATR Template To Calculate The Strike Price Of an Option If …

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How To Read Level 2 Market Data on Webull

Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers. In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level. What Is Level 2 Data On Webull ? Level 2 market data in trading is a view of buyers and sellers intend through their respective orders. It provides the depth of how many shares traders are buying and selling as well as …

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2022 SPY vs QQQ – Which Is Best For Options Traders

I have been trading SPY Options for more than 7 years. Then in May of 2021, something happened to QQQ Options that changed my mind from that point forward. Today I will be sharing my experience trading SPY vs QQQ Options so that you can learn from it in order to Take your Options Trading to the Next Level. SPY vs QQQ – The Popularity Contest If you have been trading US stocks or options for awhile, chances are you …

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Is it worth Trading on Margin?

Is it worth Trading on Margin? – Easy Step by Step Guide

Trading stocks on margin entails borrowing money from a broker in order to make a transaction. But is it worth trading on Margin? Let’s find out.  A margin account improves purchasing power while also allowing investors to utilize someone else’s money to raise financial leverage by borrowing money from other investors.  Margin trading has a higher profit potential than regular trading, but it also carries a higher level of risk. Is It Worth Trading On Margin | What is Margin …

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Fractional Shares Trading On Webull – 2021 Easy Guide

Trading Fractional Shares on Webull - How to Buy Fractional Shares

Google CEO recently announced that the company is not looking to split their stock because Fractional Shares are available to investors.

A week later, we now can officially trade Fractional shares on the Webull App trading platform.

This article will give you a step by step tutorial on everything you need to know on fractional shares trading on Webull.

What Is Fractional Shares Trading

A fractional share is less than a whole share of a stock.

That is a partial share between 0.00001 and 0.99.

Instead of investment in a full share price, an investor can just purchase a small piece of the entire stock.

It has been a long time coming for retail investors to get access to this feature.

Finally, Webull has made the wait for fractional shares trading worth a while.

Why Do People Trade Fractional Shares

The valuation are getting so high with some of the US stocks that it has gotten more and more difficult for small investors to get into some of the big name stocks.

The likes of NFLX, ROKU, NVDA, APPL (before the Split), TSLA (even after the split) may just be too expensive for some beginner investors.

Lets not even bring the ones above $1000 into this conversation.

AMZN, GOOG are too good examples of stocks that a great deal of traders and investors cannot have access to without fractional shares trading.

Now with the introduction of fractional shares, anybody with a small account has the opportunity to invest in the same stocks as the big institutions.

With just $50, you can purchase 0.014 fractional shares of AMZN .

Or you can elect to go with GOOG fractional shares and the same $50 will allow you to own 0.02 shares.

Fractional Shares and Dividends

Assume you hold fractional shares of a Dividend paying stock.

You will be able to earn dividend on your fractional shares proportional to your fractional shares holdings.

As an example, if a dividend pays $1 on a full stocks and you hold 0.33 fractional shares, you will receive $0.33 as a dividend payou.

This represent 33% of the dividend because you hold 33% of the whole stock.

Legal Impact of Fractional Shares

As a shareholder of a fraction shares, you are not entitled to proxy voting.

However if you own some whole shares and fractional shares, the whole share portion of your investment gives you the rights to proxy voting.

This may no matter for most retail investors because they own so little of the shares that their voting does not have a great great of impact.

Webull Guidelines On Fractional Shares Trading

Before you get too excited at the prospect of building your portfolio of fractional shares on some of the big name stocks, here is what what you can and cannot do on Webull fractional shares trading.

Can you Trade Fractional Shares on All Stocks ?

As of this writing, Webull has opened fractional shares trading on only certain stocks and ETFs.

The main stocks on the S&P500 are available for fractional trading.

Fractional Shares Trading On Webull - How to Recognize a Stock Eligible for Fractional Shares trading ? A green diamond is displayed on the details page of that stock
How TO Recognize a Fractional Share Eligible Stock on Webull App

How to find out that your stock of choice is eligible for fractional shares trading on Webull ?

You will see a green diamond icon on the details page of your stock as displayed on the view above for QQQ.

I ran my entire watchlist to check for availability and all of them are enabled for fractional trading.

The only stock without fractional shares trading activated is SOS.

This is a less than $3 stock that came on my radar recently as a potential meme stock.

Can You Buy Fractional Shares of Bitcoin ?

Yes, all major cryptocurrencies are eligible for fractional shares trading.

A single bitcoin can be sliced as low as you desire.

This enables investors to manage their exposure to this awfully volatile asset.

When Can you Trade Fractional Shares on Webull

You can only trade fractional shares during regular market hours.

Which means that you have the window of 930an Est to 4PM Est each weekday.

That is tough luck for pre-market and after hours traders who may be looking for bargains outside of the intraday trading.

What Are the Order Types Supported on Fractional Shares

There is one and only one order type for buying and selling your fractional shares on Webull.

You will need to set your order type as a MArket Order.

This means that you will be buying the fractional shares at the going price in the market.

Therefore it precludes you to place limit orders that are often used by traders.

How Much Do Money Do You Need to Trade Fractional Shares

There are two restrictions on the minimum number of fractional shares you can buy and sell.

The minimum number of fractional shares you can buy on Webull is 0.00001 shares with is one divided by 100 thousands.

The other requirement is that you order must be at least for $5.

Let’s use Berkshire Hathaway Inc (Ticker: BRK-A) as an example to illsutrate this.

The BRK-A whole stock is worth $417600. That is 417 thousands dollars and some change for just one share.

If you divided this per 100000, you end up with $4.176.

This is not greater than $5 so you will need to buy more than 0.00001 share of BRK-A.

0.0002 shares will cost you $8.35 therefore that is the absolute minimum of shares you can start with.

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Is Short Selling allowed with Fractional Shares?

At this time, Webull guidelines do not support short selling on fractional shares.

I am not sure if in the future this feature will be enabled.

However, it goes against the spirit of fractional shares which is mainly to allow small investors to buy high price stocks.

Can You Transfer Fractional Shares From Broker to another

You may be limited on where you can transfer your fractional shares to.

Webull can only transfer your fractional shares to brokers that are also using Apex clearing as the clearing house.

Some examples of Apex clearing brokers are: M1 Finance, SoFi, Stash, Wealthsimple, Beteerment, Firstrade, Stockpile.

What can yo udo if your brokerage is not Apex Clearing?

You will have to liquidate the fractional part of your position and transfer the moeny as cash.

How To Start Fractional Shares On Webull App

Trading Fractional shares on Webull can be a little bit intimidating for the first time.

However, it is not that complicated by following the simple steps below.

  1. Select your stock of interest and insure that it is eligible for Fractional shares trading.

A green diamond icon should be displayed on your stock details.

2. On your order ticket, change the order type to Market (from your default LIMIT) and the following display confirms if your stock is enabled for fractional shares Trading.

fractional Shares Trading On Webull -Changing the Order type from Limit to MArket order enables Fractional Share trading
Change the Order Type to Market Order For Fractional Shares Trading

3. Click on Whole Share to switch to Fractional Shares as shown below

Fractional Share Trading on Webull - Ho w to Switch from Whole share trading to Fractional Share trading
How To Switch From Whole Share to Fractional Share

4. Finally, Click on Buy to Get Order Confirmation screen showing the quantity and cost of your fractional share trade (if buying)

Fractional Shares Trading on Webull -Order Confirmation Page for verification before execution
Fractional Share Order Confirmation on Webull App

After you hit confirm, some error message may appear if you try to trade like 1.2 sahres.

this is not a fractional share at this point.

Your number of fractional shares is always less than 1.

So you will need to buy the whole share separately.

The other message you may encounter is if your total order is less than $5.

I have a good illustration of that in the short video at the bottom of this article with the above steps fully depicted.

How To Calculate How Many Fractional Shares You Can Buy

You may be wondering how many fractional shares you can get for your specific budget allocation.

In order to help you with that, I am providing this table for some of the major stocks.

How to use this table.

Look for your budget on the top row starting from $ through $75 and your stock of interest on the first column.

The intersection gives you the number of fractional shares you can purchase with that money.

$5$10$15$20$25$30$40$50$60$70$80$90$100$110$120
AAPL0.030.070.100.140.170.210.270.340.410.480.550.620.680.750.82
MSFT0.020.040.050.070.090.110.140.180.210.250.290.320.360.390.43
AMZN0.0010.0030.0040.0060.0070.0080.0110.0140.0170.0200.0220.0250.0280.0310.034
FB0.0150.0290.0440.0590.0730.0880.1170.1470.1760.2050.2350.2640.2930.3230.352
GOOG0.0020.0040.0060.0080.0100.0120.0160.0200.0240.0280.0320.0350.0390.0430.047
NFLX0.0090.0190.0280.0380.0470.0570.0750.0940.1130.1320.1510.1700.1890.2080.226
NVDA0.0070.0140.0210.0280.0340.0410.0050.0690.0830.0960.1100.1240.1380.1520.165
TSLA0.0080.0160.0230.0310.0390.0470.0620.0780.0930.1090.1240.1400.1550.1710.186
JPM0.0330.0650.0980.1310.1630.1960.2610.3270.3920.4580.5230.5880.6540.7190.784
V0.0200.0400.0600.0810.1010.1210.1610.2020.2420.2820.3230.3630.4030.4440.484
JNJ0.0300.0600.0890.1190.1490.1790.2380.2980.3570.4170.4760.5360.5950.6550.714
PYPL0.0170.0340.0510.0680.0850.1020.1360.1700.2040.2380.2720.3060.3400.3740.408
Fractional Shares Table | How Much You Can Buy per Budget Allocation

Download Our Free Fractional Shares Calculator

Fractional shares calculation can become tricky.

Therefore, I ma providing my free Fractional Shares calculator for download for any stock.

Just the current price of the stock and the calculator gives you an idea at different price of how many fractional shares you can purchase.

Also, the calculator will enable you to modify your initial investment if the suggested numbers do not match your desired investment.

Just change how much money on the first row and you automatically get the answer to how many fractional shares you can afford to buy with the money you have.

CONCLUSION

We provided a step-by-step tutorial on how to trade Fractional shares on Webull App.

As of this writing, I am still waiting to see if the feature will be deployed on the Desktop App as well as on Paper trading.

This is a big step towards leveling the playing field between the big institutions and small retail traders.

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How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill to master.

Hopefully, Webull platform introduces very intuitive stock charts.

This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account.

How To Read Webull Charts | Webull Charts Settings

Whether you are using the Webull App or its desktop version, setting up the Webull charts for stock analysis follows the same steps.

The main difference is that on the mobile App, you will have the luxury to choose between advanced chart and simplified chart.

The simplified chart as its name suggest provides less indicators than the advanced ones.

I am of the mindset to keep the number of indicators quite small on a stock chart.

The reason is because many beginner traders get distracted quite easily with too many indicators.

Despite this approach, I often see many traders confused with my charts on Tradingview which only show a handful of indicators.

How To Access the Chart Setting on Webull App

In the new Webull App interface, after you select a stock, the first icon on left s the stock chart.

The view below may be different for you the first time if you have not set up your chart settings yet.

How TO Read Webull Chart - A view on how to Access the Chart settings on Webull App
Accessing Webull App Settings

On the bottom right hand side of the above view, click on the tiny chart icon.

This will take you to a menu similar to the one below.

The displays is the chart Toolbox with multiple menus we will be using later on.

How To Read Webull Charts - How To Access Webull Tool box on the App
Webull Chart Toolbox

How To Setup Your Webull Stock Charts

Next step is to click on settings to gain access to the chart settings.

On this page, you will be able to easily and quickly select different items.

The first of which is advanced vs simplified chart we introduced earlier.

I am always using the advanced chart.

How To Red Webull Charts - Charts settings menu on Webull App
Chart Settings Menu on Webull App

The main items to choose from the menu are as follows:

  • Indicators on Main chart: I have this one turned on so that i can see detail about any stock on the main chart
  • Sub-Charts: You can determine if you want sub-chart to match the main chart on the full screen
  • Chart Height: I selected High because most stocks in 2021 are going up and down
  • Including Extended Hours: I am hiding this one because a simple quote reading is enough for me in pre-market.
  • Corporate Actions Display: By selecting this, you will be able to see indicators on your charts about Dividends, splits and Earnings.
  • Keep Drawings on all Time Frames: you will have the ability to draw on your charts no matter the selection of timeframe
  • Candle Style: I always use solid candles in all my charts. The other choice is hollow candles if you would like to try them.

Blow is a view of the difference between the hollow candles and the solid candles.

How To Read Webull Charts - Hollow Candles vs Solid Candles
Hollow Candles vs Solid Candles on Webull Charts

Webull Technical Indicators

If you are into technical analysis, Webull App technical indicators will not disappoint you.

On the contrary, Webull bring a slew of fancy indicators to technical analysis lovers on its main chart as well as on the Sub chart.

Just in case you may be new to stocks charts reading, the main chart is the one with the candlesticks usually on top while the sub charts are below it with key indicators.

Lets explore what is available in each category.

Webull Main Chart Indicators

On my main chart, I like to keep three main indicators.

These are the Exponential Moving Averages or EMA, the Bollinger Bands and the Volume Weighted Average price also known as VWAP.

How To Read Webull Charts - List of Main Chart vs Sub Chart Technical indicators
Webull Main Chart vs Sub Chart Technical Indicators

I know you may have seen other traders use the Simple Moving Averages.

The difference between the two is that the Exponential Moving Average reduce the lag of this indicator by giving more weighting to the most recent prices.

For instance if we are calculating EMA8, the last 3 candles have more importance than the first five.

A good analogy I like to use when teaching traders is that if you want to know your future, the most recent history ( let’s say 3 years or 3 months or 3 days) is more telling than what you did many years ago.

How To read Webull Charts - How to setup moving averages
Setting Up Moving Averages on Webull Charts

In order to setup your moving averages, just enter the number of period for each either manually or using the slider as shown above.

Then select your desired color for each.

I like using yellow for my EMA8 and green for my EMA20 in case you were wondering.

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Why I Use EMA8 and EMA20 on my Webull Chart

I set up all my charts with 2 EMAS: EMA8 and EMA20 meaning the 8-period (understand candles) and 20-period.

This is true regardless of the timeframe at which I am studying the chart.

The reason for this because it helps me identify momentum changes quite easily.

You see the EMA8 is the recent momentum while the EMA20 is the older momentum.

Therefore, the EMA8 direction is always telling me what the immediate future may be.

Hence, when the EMA8 crosses the EMA20 in either the bullish or bearish direction, there is a strong conviction in that direction.

Consequently, we can then trade that direction with great confidence.

How To Read Webull Charts - How ToTrade Crossover of EMA8 above EMA20
Crossover of EMA8 above and below EMA20 on PINS Daily Chart

In the above PINS daily chart, I highlighted 5 recent occurrences of EMA8 crossover of EMA20.

Three of such instances were bullish (EMA8 crossing above EMA20) and two were bearish (EMA8 crossing below EMA20).

Should you be wondering how often this happens, the answer is more often that you may think.

This strategy of EMA8 is known as the cross of death (bearish scenario) or the golden cross (bullish scenario).

You can use this in your day trading as well on lower timeframes.

I use the 15 minutes timeframes for day trading.

The only difference is that stocks will tend to have multiple directions throughout an intraday thus several of these crossovers may be false positives.

Here is a nice homework for you.

Please use the Live dynamic chart below to study any stock of your liking and try to identify how many crossovers of EMA8 an EMA20 you could have capitalized on using your new learned trading strategy.

The above chart is interactive so that you can change the stock to analyze.

Modify the styles of the Bollinger Bands and EMAS Lines to match our PINS chart from above.

I provided you a watchlist of stocks the right you can start analyzing today.

Feel free to leave me your comments with the results of your Sandbox experience.

Drawing on Webull Charts

Yes you can draw on Webull charts and it is quite easy.

The choices range from basic trendline, horizontal , vertical , extended and ray lines.

Patterns and Fibonacci lines are also available.

As you may know from my YouTube videos, those are my personal favorites.

To make it an all around great experience charting on Webull App, you will be able to add Text annotation to your charts.

How To Read Webull Charts - How To Draw Fibonacci Retracement on Webull Stock Chart
Fibonacci retracement on Webull PINS chart

Above you can see the Fibonacci retracement of PINS stock between the High of $87.46 and the Low of $53.94.

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How To Include Multiple Chart Layers

Displaying multiple layers on the charts is a very nice convenience to avoid going back and forth to look for needed information.

To do so, simply select from the view below which layers you would like to see and hide the ones you rather not have on your chart.

How To Read Webull Charts - How To Use Webull Charts Layers
Webull Charts Layers Selection

Corporations actions are Earnings, Dividends or Investors days when the company is providing updates to analysts.

How To Setup Dual Charts On Webull App

Dual charts on webullprovide you will the abilityto see twocharts simulatenously.

This can be advantageous when trading two stocks and following their progress on their chart.

I used this feature during the writing of this post as I was making nice profit on PINS ( over 100% gain on 71 JUL16’21 71 PUTS) and AMC29 PUTS. These ran from 26 cents to over $1.

Here is the what the dual charts for these two stocks look like on my Webull mobile App.

How To Read Webull Charts - View of Dual Charts for PINS and AMC stocks
Dual Charts View for PINS and AMC

Are Webull Stock Charts better than TradingView’s ?

Most brokers do not put enough emphasis on their charts.

I know several ones who leverage the advanced charting capability of TradingView.

Hence the question, how does Webull charts measure the the standard ?

The Replay Button on Webull Charts

Just the presence of the awesome Replay feature on Webull chart puts its above 99% of the other brokers.

Therefore, Webull Replay matches what TradingView has been providing to traders for years.

One main difference in favor of Webull is that this feature is free whereas you will need a paid version of TradingView to enjoy it.

How To Use The Compare Feature on Webull Stock Charts

Not to be outdone by the Tradingview high standard, Webull charts provide you the ability to compare up to three stocks on the same chart.

The reference stock (PINS in the view below) is charted and the compared one moves is shown as a % for the selected time window.

As you move your time window, the reference date change and the % change adjusts automatically.

How To Read Webull Charts - How TO USe the compare ffeature on WebullCharts
Webull Compare Feature Showcasing PINS vs AMD

CONCLUSION

We shared an in depth scrutiny on how to use Webull intuitive and innovative charts.

Having the ability to quickly perform technical analysis is key for traders either on the GO or behind their desktop.

I encourage you to take advantage of the strategy we outlined within this discussion to take your trading to the next Level.

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Is Bio Forum By Bill Spetrino Legit or Scam -Full Review

Bio Forum By Bill Spetrino

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What is Bio Forum By Bill Spetrino?

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Is Bio Forum By Bill Spetrino the Right Fit For You?

Is Bio Forum By Bill Spetrino the Right Fit For You?
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When Bill Spetrino decided to start this BIO Forum, he’d already established himself as one of the most reputable and famous traders and investors in the world. 

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“First time since I took management of my IRA that I’ve made cash. The discussion board discussions are nice.”

MD of Albuquerque, NM, USA

“Invoice posts his trades in actual time, he says what he does and does what he says. His cash is on the road.”

KK of Pennsylvania, USA

“As a latest subscriber to the B.I.O. Discussion board I acquired my first star as a NEWBIE member a couple of days in the past. 

I do know this can be a new starting for me and am excited to be right here. Invoice and his “Band of Merry Males & Ladies” are loaded with investing/buying and selling expertise and are prepared to share their experience with everybody. 

From portfolio creation/upkeep, to commerce concepts, to market overview they cowl all in full and trustworthy method. 

I’m nonetheless rising my wings right here and am assured that that is the place to be. Requested “What do you want finest about B.I.O. Discussion board?” I confidently say… EVERYTHING”

MH of Chicago, IL, USA

“The benefit to a BIO website is: there are extra eyes on the market.  A market is not only a bunch of numbers transferring randomly however individuals with completely different views of the market place.  It retains an open thoughts to search out new alternative for investments.”

TC, El Dorado Hills, CA, USA

“The BIO Discussion board is FANTASTIC! The place else are you able to brainstorm with different buyers and merchants every day and get invaluable funding data and methods? I’ve realized extra on the BIO Discussion board than with all different funding companies COMBINED. That is for actual…do not miss out.”

JC, Toronto, Canada

“Invoice is the true factor – trustworthy, skilled, market-savy, and profitable. He calls the pictures precisely as he sees them and trades them himself. His document of success is posted for all to see. 

I’ve made superb cash since I’ve began following his trades, strategies, and recommendation. His discussion board members are hand-picked and contribute to full of life discussions about shares, trades and the market normally. 

An glorious and pleasant website for superior buyers and merchants, as effectively as for inexperienced persons.”

SG, Chicago, IL, USA

“What the BIO Discussion board provides me is a devoted group of like minded people who are eager to extend their consciousness of worth investing and worth primarily based inventory choice methods.  

I understand that not everybody desires to purchase and maintain shares, however the discussion board is ready to separate the brief time period merchants from the long run inventory holders purchase actively creating sub-categories that match every area of interest.  

I test the discussion board every day and take into account it to be a useful useful resource for me to additional improve my expertise.  The truth that I’ve developed some friendships as effectively is a facet profit that was not deliberate for.”

GH of Connecticut, USA

“The BIO Discussion board is just the very best….it is acquired variety within the discussions that promote vital considering.  

I take pleasure in bringing information to the group as I get a lot in return. The discussion board platform is dynamic,secure, moderated and members are pleasant….better part – “Pre-testing” my buying and selling concepts earlier than I put a commerce on…the suggestions and information one will get after they select to take part is superb.”

What Bill Spetrino Says About Bio Forum By Bill Spetrino?

Bio Forum By Bill Spetrino
Bill Spetrino Thoughts on BIO Forum

In the past year, I, Bill Spetrino, have provided expert advice on specific stocks as well as broader stock market strategies through a variety of mediums. 

Bio Forum Results

A total of 19 out of 19 winning positions have been generated by My Dividend Machine Newsletter, resulting in articles being published in the October Financial Intelligence Report by best-selling journalist and Newsmax CEO Christopher Ruddy, and a cover story in the November issue of Newsmax Magazine, which features Sarah Palin on the cover.

Six months ago, I would have never imagined that my biography and blog articles on Moneynews.com with Larry Kudlow and Chris Ruddy, among others, would have resulted in a significant increase in my international network of connections. 

Unfortunately, this has placed a significant demand on my time, making it almost difficult for me to individually tell each of my partners about potential investment opportunities.

Bio Forum Testimony

For a variety of reasons, this forum differs from others. There is a strong emphasis on high-quality interactions and professional networking. Trade tactics are addressed from a variety of views without the risk of personal assaults being leveled at participants. 

Because most individuals are restricted in their available time, the “B.I.O. Forum” will allow me to express my ideas while also allowing you to share your thoughts and investment strategies with the group. 

Due to the fact that I engage in the forum on a regular basis, you will have the opportunity to ask my specific questions on certain stocks, options, or commodity trading methods.

Bill Spetrino BIO Forum – Final Words

Briefly said, this BIO Forum of highly driven and highly qualified traders and investors has shown to be excellent value for money, especially when considering that it only costs an average of $1.25 each day. 

If you are interested in expanding your network of contacts to include the best traders and investors, as well as not missing out on opportunities to exchange the best methods and ideas in the finance world, click on the button link below.

Options Trading Excel Template – Free Downloads

Looking for free Options Trading Excel Templates, you have come to the right places. You will be able to easily download our proven Excel Template to help you with your options Trading. Options Trading Excel Template #1 : ATR Excel One of the most common question I get from traders I coach in my discord room is the following: How To Calculate The Strike Price of an Option ? ATR Template To Calculate The Strike Price Of an Option If …

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Can You Paper Trade Options On Webull in 2022

Paper Trading Options is a great Way to build confidence in your strategies. Either you are a beginner options trader or a veteran who is testing to validate a brand new trading strategy, you will need options paper trading before going Live. In this discussion, we will show you the best place to paper trade Options as an alternative to Webull. Paper Trading Options on Webull The first time I opened my Webull Trading account and saw that there was …

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How To Read Level 2 Market Data on Webull

Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers. In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level. What Is Level 2 Data On Webull ? Level 2 market data in trading is a view of buyers and sellers intend through their respective orders. It provides the depth of how many shares traders are buying and selling as well as …

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2022 SPY vs QQQ – Which Is Best For Options Traders

I have been trading SPY Options for more than 7 years. Then in May of 2021, something happened to QQQ Options that changed my mind from that point forward. Today I will be sharing my experience trading SPY vs QQQ Options so that you can learn from it in order to Take your Options Trading to the Next Level. SPY vs QQQ – The Popularity Contest If you have been trading US stocks or options for awhile, chances are you …

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Is it worth Trading on Margin?

Is it worth Trading on Margin? – Easy Step by Step Guide

Trading stocks on margin entails borrowing money from a broker in order to make a transaction. But is it worth trading on Margin? Let’s find out.  A margin account improves purchasing power while also allowing investors to utilize someone else’s money to raise financial leverage by borrowing money from other investors.  Margin trading has a higher profit potential than regular trading, but it also carries a higher level of risk. Is It Worth Trading On Margin | What is Margin …

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How To Safely Overcome Pattern Day Trader Rule in 2021

Pattern Day Trader Rules were put in place to protect short term investors.

However, they stand in the way of many retail traders who are trying to grow their small trading accounts.

In this tutorial, I will step a step by step method on how to safely overcome the Pattern Day trader Rule so that we you can start taking your trading and investing to the Next Level.

What is Pattern Day Trader Rule ?

FINRA Rule 4210 is the Pattern Day Trader Rule or PDT in short.

FINRA is the Financial Industry Regulatory Authority in the United States.

At its origin, the Pattern Day Trader Rule intent was to help prevent small investors and traders alike to blow their accounts over short period of time

Who is the Pattern Day Trader For ?

Nowadays with the increase of number of retail traders and volatility in the markets, The Pattern Day Trader Rule has become more of a hinderance than a safety net.

Let’s take a look at the Rule itself.

It is important to note that this Rule in strictly for Margin Accounts.

Your margin account needs to meet the following 3 conditions simultaneously.

  • Your Execute more than three day trades in a 5 business day window
  • Your Margin account is Less than $25,000
  • The amount in day trades is greater than 6% of Total account activity

What Is a Round Trip Trade

This PDT rule is one of the most confusing concept for beginner traders.

Lets bring some clarity to the first point.

What is a Day trade ?

This concept of Day trade is often referred to as a round trip trade executed on the same day.

In means that if you buy to open a position and then sell to close that position on the same day then it is counted a 1 single round trip trade.

Conversely, you can start by selling to open a position and buying to close that same position.

This scenario counts as a day trades as well.

How To Safely Overcome Pattern Day Trader Rule in 2021 - Chart illustration of PDT Rule
US Day Trader Pattern Rule for Margin Account Under $25000

Now lets make it a little more complex.

Imagine you bought 5 JULY16 AAPL 140 CALLS.

That is 5 contracts for Apple 140 Calls expiring on JULY 2021. (third week expiration).

Now you make some money on this position and sell to close 3 contracts on the same day you bought the initial 5 contracts.

This results in one round trip trade.

Should you decide to sell to close another contract on that same day, now you number of day trades increases to 2 !

However, if you decide to hold on to those contract and sell them the next day or 2 days later, the counter of your number of Day trade will remain at 1.

Why Was The Pattern Day Trader Rule Put in Place

Therefore, we can see that as long as your margin account remains above $25000 you can day trade as much as you desire.

This arbitrary number of $25000 does not really align with the spirit of the PDT rule.

Imagine an inexperienced trader who starts with a hefty account balance over 25K, they are just as likely to blow while day trading as a a seasoned trader with a much smaller account.

What Happens When You Get Flagged with Pattern Day Trader Status

When a trading account meets the 3 PDT rule conditions, the broker will issue a Margin Call.

Typically, you will receive a message on your trading platfoem informing you of this condition.

Some brokers will even try to reach you to make sure you are aware of your account status.

I remember receiving such phone calls for the first time many years ago.

I can tell you by personal experience they can be quite intimidating.

One of the direct consequence of a margin call is that you cannot withdraw some of the money in your account for 2 days.

In case of an emergency, you will be unable to count on that money to resolve any immediate financial problem.

What Can You Do To Get Out of Pattern Day Trader Status

In order to bring your margin account into compliance, you have five business to add additional funds to meet the minimum equity.

To illustrate how much money you need to add, lets say your account started above $25000.

As a result of more than 3 day trades in 5 consecutives business day, your account drops to $24000.

Then, you will need to aa $250000 – $24000 = $1000 to get out of Pattern Day Trader Restrictions.

The amount to add is always the difference between $25000 and the current value of the account.

It should be noted that the funds can be Cash or any equity you may already own.

Do All brokers Enforce Pattern day Trader Rule

In the United States, all brokers must enforce the Pattern Day Trader Rule.

It has been my experience that the interpretation of the rule may sometimes vary from broker to broker.

My advice is to always ask for clarifications on what a broker will allow you to doin order to avoid any unnecessary surprise.

Pattern Day Trader Work Around in Robinhood

Robinhood traders are the ones who suffer the most from the PAttern Day Trader Rule.

I have witnessed stories from traders in our Discord room who could not take profit on big traders just because they will trigger a Pattern Day Trader Status.

Should you ever find yourself in this situation, please take the profit and deal with the consequences later.

And Here is why ?

The US markets have become so volatile nowadays with the whole meme Stocks Frenzy that you are not guarantee that profit you see at one instant will be there an hour later left alone they next day.

The likes of AMC, GME, SPCE have shown us recently the huge advantage of Day trading over numerous long tern strategies.

Bad Solutions To Overcome Pattern Day Trader Rule

One of the most popular method to workaround the Pattern Day Trader Rule is to have multiple accounts from different brokers.

By the way, do not try to set multiple accounts for this purpose at the same brokerage frim.

They will immediately flag it and let you know that that is not a practice they condomn.

With so many trading platforms in the USnowadays, it is relatively easy to setup multiple accounts.

How to workaround Pattern day Trader with multiple accounts

The idea of this mad technique is that you will have 3 days trade each five days multipled by the number of accounts.

So let’s say have account with Futu MooMoo, E*TRADE and Webull just to name these three we are very familiar with.

Consequently, you now have 3×3 = 9 day trade you can use on a weekly basis.

The challenge of this workaround is that you will need to deposit money in all these accounts.

I know a great deal of traders who use this setup and get by just fine while trying to grow their accounts to $25,000 and more.

You can just imagine the gymnastics you will have to go through in keeping track of how many round trip trades you are execucting in each account.

Though it is not impossible but you have to agree that this is rather a poor solution to the PDT rule.

Offshore Trading Account

Another recent technique to overcome PDT rule is to use an offshore trading account.

I do not know about you but I am very weary of such accounts because they do not provide the Financial security provided by the US Financial industry.

The last thing you want to be dealing with is spending wondering if your money is safe.

Trading is hard enough on its own to add this extra stress level.

Brokers with No Pattern Day Trader Rule

List of Offshore brokers you might be interested in.

Best Way To Workaround Pattern Day Trader Rule

We learned earlier that the Pattern Day Trader Rules regulates the use of margin accounts only.

A advantage of the margin account is that it increases your buying power significantly.

However, it is often forgotten that trading on margin can lead to you losing more money than you have.

Therefore, for beginner traders, I strongly recommend using a Cash account instead.

Cash Account vs Margin Account

Setting a Cash Only account precludes you from being subject to the Pattern Day Trader Rule.

It also removes the Risk of loosing more moneythat you put into your trading account.

You may or may not have read the horrible studies on some complex trades that have gone wrong and traders ended up owing hundred of thousands of dollars.

Avoid becoming the hero of such next story.

Here is our full detailed video on how to setup your trading account for beginner traders.

You may be wondering how you can trade in todays stock market without leveraging a margin acccount that usually can multiply your buying power by 3 or 4 times.

Here is our suggestion to help grow your account with very little Risk.

Grow Your Account with Proven Strategies

Option trading provides a great deal of leverage for small account traders.

You can start small while you re still learning and grow your account quite rapidly with our proven trading system.

Check out how many traders are taking advantage of our 10-Baggers Trading System.

CONCLUSION

The Pattern Day Trader Rule was explained in details with easy simples examples.

We explored the best ways to overcome this restriction for small account below $25000.

Now, I would like to encourage you to apply your learning from this article to help you Take your Trading to the NExt Level.

2021 TradeMiner Review – Honest Review You Must Read!

Trademiner Review

Looking for an honest TradeMiner Review? If so, then you have to the perfect place!

Even if you are just getting started in the financial markets (forex, futures, or stocks), it makes perfect sense to put forth the effort and make every effort to be successful. 

Attempting to trade blindly on your own, on the other hand, might quickly take you down a path to financial ruin. Finding a professional trader to guide you through the process, on the other hand, is not always straightforward.

In reality, individuals who provide such services demand exorbitant rates for their services. Fortunately, there are websites such as TradeMiner that can offer you the assistance you require to get off to a successful start.

TradeMiner Review – What You Should Know About It

2021 TradeMiner Review - User Interface
TradeMiner User interface

It is a platform to give you insights that might assist you in making realistic investing decisions based on its research.

It is really built mostly on historical data scanning software, which scours prior information and uses it to tell you of the most appropriate options to make at any current moment.

The assumption that previous data has an impact on future patterns is made by Trade Miner in this manner. 

We can witness the fact that by studying the previous performance of specific markets, it is always feasible to forecast what the future could hold.

As a result, it is only fair to describe Trade Miner is a platform that is designed to enhance your chances of making profitable transactions. Studies in the past have shown that historical data trading has an accuracy rate of around 80%.

The Packages

A total of four distinct packages are available for TraderMiner.

The first package is referred to as a composite package since it combines the previous three packages into a single tier. 

The composite package, which includes information on stocks, futures, and forex, is available for an initial price of $194 and a recurring annual fee of $129 after that.

But what if you’ve already decided on a field of expertise and are solely interested in trends and cycles in that field? In such a scenario, the nice people at TradeMiner provide you with the chance to make your selection.

The standalone stock, futures, and currency packages are all available for purchase for $97 for the first year and $79 each year after that, respectively.

And there’s more – you can always purchase two of these independent packages and receive a third box free of charge. Also included is a 30-day money-back guarantee period, which is in addition to the benefits listed above.

TradeMiner Review – What It Does and How It Works?

2021 TradeMiner Review - TradeMiner Technical indicators Chart
Trademiner Technical Indicators Chart

In order to use this platform, the first thing you must do is download and install the software. You will be needed to pay a one-time price of $194 in order to gain access to the download link (or $97 in order to access the standalone products).

Fortunately, this program is compatible with all major operating systems, including Mac OS X, Linux, and the Windows operating systems.

The program will basically start scanning marketplaces for you on its own, and it will provide thorough data on patterns and trends as a result of its scanning efforts. 

This frees up more time for you to devote to developing a sound trading strategy or participating in forex forums to stay abreast of the newest developments in the market.

Our research has revealed that this program is intended to assist you in reducing your burden by at least 80 percent. Due to the fact that it scans the markets and provides you with ready-made reports, it has become so popular.

1. Market Scans in a Speed

In order to accomplish so, you’ll need to conduct a search for trends or specific symbols using a unique search engine that’s available on this website. 

The historical data will be automatically ranked by the system, which will use a proprietary ranking mechanism to do so. The aforementioned algorithm selects the stocks with the largest historical gains and ranks them in order of importance on the list.

The findings are accompanied by a score that ranges from 0 to 5, with 5 being the best. There is a color-coded button next to the score that shows the intensity of the signal for that specific round.

Anything with a score of 4 or above is generally accompanied by a green button, which confirms that it is truly a powerful signal in the first place.

Anything having a rating of less than one star is denoted by a red button. Of course, this means that you should refrain from entering that industry.

2. A Wide Range of Charts

There are four different sorts of charts available on the site. The first and most popular of these is the Historical Equity graph, which displays the general market behavior over a specified time period. 

Then there’s the year-by-year comparison, which gives you a bird’s-eye view of the market’s performance over a period of time.

Then there’s the historical risk vs. return chart, which comes in useful when you have to make judgments on the spur of the moment. 

Finally, there is the year-by-year trade, which captures all of the trade information you want in order to make informed business decisions.

In other words, there is always a chart that you can utilize to increase your profits. 

And, perhaps most significantly, the charts are user-friendly. This means that you do not need to be a charting genius to understand how to make use of them properly.

3. Filtering System with Enhanced Performance

This method does an excellent job of filtering the information. It allows you to concentrate on the elements that are important to you. 

There are a plethora of criteria available, including Margin per Contract, Price Range, to name a few.

You can simply filter out the noise whether you’re a penny stock trader or a big-time investor. When you do this, your searches will begin to automatically display you a list of options based on your preferences. Which you can then choose from!

How to Benefit From Trademiner ?

2021 TradeMiner Review - TradeMiner Benefits
TradeMiner Benefits

There are a variety of methods in which you may make use of this useful piece of software. As previously said, this system may not be as technologically sophisticated as more expensive alternatives. 

As a result, you will still be required to provide at least 20% of the work. Here’s a step-by-step guide on how to accomplish just that.

Checking for Technical Issues

You may quickly and conveniently scan for trades using this technique before selecting the most qualified possible candidates. 

The majority of individuals make this decision based on the score and historical average returns. You may simply examine your charts to identify the stocks that have attained the finest technical configurations.

Watching for the Appropriate Moment to Go on Strike

As you are undoubtedly aware, the stock market has a tendency to fluctuate at a breakneck pace. As a seasonal trader, you can always rely on TradeMiner to help you make money. 

You’ll be able to keep an eye on the markets and make a decision when the moment is right. You may lose out on the possible profit you could have made by trading all of the time. But you will get an additional degree of security in exchange.

Investing in Options

The most popular strategy for investors to earn money when trading stocks is to simply go long. When the stock prices are low and short when the stock prices are high, as seen below. 

Unfortunately, there is always the potential that you may purchase items at a high price. And then sell them at a lower one, incurring a loss. And it is at this point that the potential of TradeMiner’s options trading may be realized.

With the use of options trading, you may now reduce your risk while still retaining a limitless potential profit margin. The TradeMiner algorithm, which is based on historical data, assists you in identifying the appropriate types of options to trade.

Buying and Selling Pullbacks

Sometimes the most profitable method to profit from a transaction is to just wait for the trend to reverse. Unfortunately, it is extremely difficult to determine when a pullback trend is about to take over using conventional trading techniques. 

Using the TradeMiner method, on the other hand, it is feasible to keep an eye on seasonal trends. To hop on board as soon as the prices begin to follow the direction of their historical trend.

Double-Checking All of the Details

It is possible to use Trade Miner as a backup system if you are currently a member of another stock or FX trading website that offers you trade settings. 

You’ll be less likely to get taken in by misleading signals this way, too.

What Kind of Trader Would Benefit the Most from Using the TradeMiner ?

Beginner traders appear to be the primary audience for Trade Miner. A thriving education center, which will give you the confidence you need to begin making lucrative movements right now. 

As a result, we believe this is an excellent platform for anybody interested in learning the fundamentals.

You may not find much use in TradeMiner if you are an advanced trader, as the odds are that you will be. 

For those who want to cement their approach and increase their confidence, this historical scanning tool will be quite useful.

TradeMiner Subscription Cancellation

30 days before renewal, TradeMiner subscribers are notified via email, and they have the option to discontinue their renewal subscription at any time.

Following the completion of a TradeMiner Data renewal transaction, there are no refunds available. Call at 800-862-7193 or 435-752-8026 at any time to discontinue your subscriptions or services.

Options Trading Excel Template – Free Downloads

Looking for free Options Trading Excel Templates, you have come to the right places. You will be able to easily download our proven Excel Template to help you with your options Trading. Options Trading Excel Template #1 : ATR Excel One of the most common question I get from traders I coach in my discord room is the following: How To Calculate The Strike Price of an Option ? ATR Template To Calculate The Strike Price Of an Option If …

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Can You Paper Trade Options On Webull in 2022

Paper Trading Options is a great Way to build confidence in your strategies. Either you are a beginner options trader or a veteran who is testing to validate a brand new trading strategy, you will need options paper trading before going Live. In this discussion, we will show you the best place to paper trade Options as an alternative to Webull. Paper Trading Options on Webull The first time I opened my Webull Trading account and saw that there was …

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How To Read Level 2 Market Data on Webull

Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers. In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level. What Is Level 2 Data On Webull ? Level 2 market data in trading is a view of buyers and sellers intend through their respective orders. It provides the depth of how many shares traders are buying and selling as well as …

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2022 SPY vs QQQ – Which Is Best For Options Traders

I have been trading SPY Options for more than 7 years. Then in May of 2021, something happened to QQQ Options that changed my mind from that point forward. Today I will be sharing my experience trading SPY vs QQQ Options so that you can learn from it in order to Take your Options Trading to the Next Level. SPY vs QQQ – The Popularity Contest If you have been trading US stocks or options for awhile, chances are you …

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Is it worth Trading on Margin?

Is it worth Trading on Margin? – Easy Step by Step Guide

Trading stocks on margin entails borrowing money from a broker in order to make a transaction. But is it worth trading on Margin? Let’s find out.  A margin account improves purchasing power while also allowing investors to utilize someone else’s money to raise financial leverage by borrowing money from other investors.  Margin trading has a higher profit potential than regular trading, but it also carries a higher level of risk. Is It Worth Trading On Margin | What is Margin …

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Microcap Millionaires 2021 Review – How Easy To Start Investing

microcap millionaires review

The popular Microcap Millionaires investing program, run by Matt Morris, may be precisely what you’re looking for if you’re seeking to get started trading penny stocks and want to enhance your chances of success along the way.

Microcap Millionaires Review | What Exactly is Microcap Millionaires

Trades in small-cap stocks, often known as penny stocks, may be extremely profitable due to the high level of volatility in the market and the low price per share you pay. 

Not to mention the modest amount of initial money required. Furthermore, if you have the necessary experience, you may frequently generate large profits in a relatively short amount of time.

What Is Microcap Millionaires ?

Unfortunately, microcap stocks are infamous for attracting scam artists, making it all too simple for investors to get taken advantage of and lose money.

The business promises to be able to give guidance on the best techniques for trading small- and mid-cap companies. Is it, however, worth all of the hype? Sometimes all it takes is a simple examination to uncover the truth, and this is one of those instances.

microcap millionaires review - Microcap Millionaires website
Microcap Millionaires Website

Simply put, this is a stock selecting service that is available on a subscription basis and is targeted at investors who are interested in trading microcap firms. 

Beginning operations in 2008, the firm now has over a decade of experience behind it. It now has thousands of subscribers, which is impressive. This demonstrates that a large number of people have confidence in this service.

Ultimately, the program’s objective is to provide traders a competitive advantage in the penny stock market by teaching them the skills they need to succeed in the market.

On a weekly basis, Microcap members receive notifications on the best penny stocks to purchase and sell through the use of an online newsletter template. 

The top choices are selected based on Matt’s considerable trading expertise in penny stocks, ensuring that you receive the highest possible profits in the shortest period of time possible.

Is Microcap Millionaires Good for Beginners?

microcap millionaires review ebook
Microcap Millionaires ebook

Microcap Millionaires, in contrast to other services of a similar kind, are created with all levels of traders in mind, including intermediate and seasoned professionals. 

Beginners, on the other hand, will get significantly more knowledge from this book because it covers so many fundamentals of penny stock investing.

As an example, as a novice, you will learn how to monitor the market objectively, how to expose yourself to price changes, and how to develop profitable trading strategies in order to succeed.

Additionally, the program is designed for those who have a modest trading account and want to expand it into something much larger. 

The service will be beneficial to traders, as well as people who do not have the time to sit in front of their screens all day following stock movement. 

However, individuals who have day jobs will gain the most from the service.

This is due to the fact that Matt generally takes care of everything for you, so you don’t have to spend the entire day on the computer.

The Most Important Features of Microcap Millionaires

Weekly Selections

When you join up for the Microcap Millionaires program, you will receive weekly stock recommendations in the form of an email that has the potential to help you earn substantial profits. 

The selections include short-, medium-, and long-term equities to purchase or sell, which makes the program ideal for both short- and long-term investors, depending on their objectives.

In addition, Matt will advise you on the best time to purchase or sell, as well as at what price. Essentially, weekly choices are intended to remove the element of surprise from the situation.

Participation in a Forum

In addition, the program includes a private members’ forum where users may interact with other traders who share their interests. This is a feature that only a small number of stock selecting newsletters provide their subscribers. 

Beginners will be able to learn additional trading methods from more experienced traders in this setting.

Furthermore, by participating in the forum, you will be able to choose from a larger pool of options provided by other users. 

While there are occasions when choices from other traders are as excellent as or even better than those from Matt, you must exercise extreme caution while doing so. 

Furthermore, the forum is a fantastic platform from where you can get all of your issues addressed as quickly and efficiently as possible.

Technical Analysis

Another excellent aspect of this service is that for each stock Matt suggests, he generally includes a technical analysis explaining how he arrived at his conclusion. 

This is a valuable addition to the service. As a result of this research, you will have greater confidence in Matt’s weekly stock choices as a result of the many reasons he chose the specific stock.

You will also be able to observe the selection process for penny stocks, which will be very interesting. Consequently, if you opt to go it alone, you will have a very simple journey ahead.

Keep a Running List of Things to Watch

In addition to the weekly choices, the platform provides a watch list of several stocks that have the potential to be successful in the near future. 

This is intended to offer you an idea of which stocks may be the next big thing, as well as which ones to avoid in order to prevent making losses.

Educational Materials

As a member of the platform, you will have access to a comprehensive range of instructional tools designed to help you learn more about trading microcap stocks from its founder. 

A large number of in-depth and educational films are available, detailing the many techniques Matt employs when making his stock selections.

In addition, fundamental concepts like money management, technical analysis, and resistance are covered in the films. 

There are also a plethora of downloadable reports that include information comparable to that contained in the videos.

As a result, this will assist you in understanding how and why Matt selects the stocks that he chooses.

As an Added Bonus

According to Matt Morris, after you participate in the program, you will get instant access to the Penny Stock Strategy guide. 

The course, which is exclusively available to members, offers essential information about trading small-cap stocks and is only accessible through the members’ area. 

It also contains additional ideas and guidance that will be beneficial to both novice and experienced investors.

Furthermore, if you sign up for the service before the summer sale period ends, you will receive a discount of about 50% on your subscription fee. 

As a result, rather than paying a $97 monthly membership fee, you will only pay a $49 monthly fee.

This is advantageous since you will still be receiving all of the benefits of the $97 monthly fee.

How Does Microcap Millionaires Work ?

Members of Microcap Millionaires are assured of getting newsletters outlining Matt’s newest choices through e-mail as long as they remain active members. 

According to Matt, he typically does extensive research on a variety of stocks before making a choice based on his instincts, results, and previous expertise as a microcap trader on the stock market.

All of the key information you need to trade successfully is summarized in the email.

Sign up for the newsletter now!

Additionally, it sends you alerts when certain stock entry and exit points are reached, so you don’t have to rely on guessing.

Normally, when all subscribers receive email notifications on which stocks to trade and then act on them immediately, the stock prices rise by around 20 percent on average. 

As a result, they are able to realize significant profits.

How To Profit From Microcap Millionaires

By quitting the deal, on the other hand, the prices are returned to their previous levels.

As a result, the higher the number of subscribers, the greater the influence that they will have on the stock price after the alert is sent out.

The majority of Morris’s gains, on the other hand, are only realized if the stock acts precisely as Morris said it would.

This is the greatest part: all of his selections are backed by background information on why he selected them, allowing you to feel certain that they have the potential to convert.

Is Microcap Millionaires a Worthwhile Investment, or Is It a Waste of Money?

microcap millionaires review
Microcap Millionaires Data Chart

As you have just learned from reading this Microcap Millionaires review, there is far more to gain from investing in Microcap Millionaires than there is to lose.

My own experience with the newsletter has been overwhelmingly favorable, which is consistent with the majority of the evaluations on the website.

The bad aspects of the experience are completely attributable to the lack of regular alerts regarding what is going on with the stock exchanges at any given moment in time.

Consider combining Microcap Millionaires with another newsletter that can assist you in staying on top of stocks as they move while still employing Matt Morris’ techniques for managing them if that is something that interests you.

Is Microcap Millionaires Reliable ?

One of the most crucial aspects of obtaining financial gain from penny stocks is being aware of what is occurring as it occurs.

Most significantly, the Microcap Millionaires newsletter is a dependable source of information. It’s a dependable system.

It will not try to deceive you or keep the finest selections or methods for success hidden from you.

Because this is essential for you whether you are learning about penny stocks for the first time or have years of expertise in the market.

Investing in penny stocks requires little time commitment and carries little risk.

The Bottom Line

Microcap Millionaires is more than just a stock picking service.

It is also a regular email-based newsletter that aims to teach its subscribers how to identify legitimate small-cap stocks.

These are undervalued and trading for pennies on the dollar, as well as when these stocks are poised to make huge gains. 

It is possible to start picking winning trades even if you do not have much or any trading experience.

If you are a beginner investor who does not yet have much or any trading experience, this program is perfectly fitting for your circumstances.

You can use this newsletter and guide to get started picking winning trades even if you do not have much or any prior trading experience.

Top 10 Investing Podcasts To Skyrocket Your Investing Skills

Top 10 investing podcasts to skyrocket your investing skills

One of the most practical and entertaining methods to learn about the financial markets is through listening to investing podcasts.

Podcasts may be listened to in any location—at work, during breakfast, or at the gym.

If you invest in podcasts, you can passively learn while doing other things.

There has never been a better moment to learn and explore in the podcast market, which is projected to exceed $1 billion in 2021.

We’ll explore 10 of the finest investing podcasts for beginners in this post.

What Are Investing Investing Podcasts ?

Saving money that you might need in the near future is a good idea.

But if you’re thinking about your finances for the long term, you might want to consider investing it instead.

Investing, in general, is simply putting money into vehicles that have a greater potential for growth than a standard or high return savings account.

Although mutual funds, exchange-traded funds, and bonds are all good options, you may want to invest in stocks.

This is even more true if you’re new to investing.

Top 10 Investing Podcasts to Skyrocket your investing skills - What are investing Podcasts
What Are Investing Podcasts ?

While investing has the potential to increase your money more quickly, it also entails taking on a greater degree of risk than you’d get from a savings account or a certificate of deposit account.

Benefits of Investing Podcasts

Because finding the proper assets that match your goals, time frame for investing, risk tolerance, and risk capacity is so crucial and you should strive to avoid investment decisions that don’t meet those criteria.

In the event that you want investment advice, you may seek it from a professional financial adviser.

It is also feasible to benefit from experienced market knowledge without incurring any costs.

Podcasts about investing may teach you all you need to know about building a successful portfolio.

Motley Fool Money by the Motley Fool – Best Stock Market Podcast

There are literally over 8000 thousands stocks on the New York Stocks Exchange alone.

A breakdown of all the market news, along with commentary from Fool analysts, can be found in Motley Fool Money each week.

They examine all potential mitigating variables and take them into consideration when evaluating Wall Street’s effect on investors. This is a good location to go when you need a summary of the week’s market action all in one spot.

Top 10 Investing Podcasts to Skyrocket your investing Skills - Motley Fool Podcasts
Motley Fool Podcasts are among the Best ones for Beginner Investors

You can trust anything that the Motley Fool delivers, and this podcast is no different.

There are a variety of reasons why people listen to Motley Fool Money.

Some of these people are just tuning in to learn about what aspects may influence their portfolio.

Others are just interested in catching up on the latest news, or they may want a stock choice or two to investigate themselves.

When: Every Friday

Where: Motley Fool, Spotify, Apple Podcasts, Google Podcasts

How Long: 40 minutes

We Study Billionaires (The Investor’s Podcast Network)

This podcast, hosted by Stig Brodersen and Trey Lockerbie, takes a close look at some of the most prominent figures in the financial world.

Such as Warren Buffet and Howard Marks, in great depth.

The hosts will frequently dissect the careers of well-known investors such as these, offering concrete advice that you can apply in your everyday life to improve your financial situation.

The variety of subjects addressed in the podcast ensures that there is something for everyone.

As they cover topics ranging from commercial real estate to hedge funds, Stig and Trey make certain that all of the bases are covered.

Therefore the listeners may get a complete picture of where the financial markets are at the moment.

Furthermore, the hosts are regularly joined by some of the world’s most prominent financial professionals.

They share their expertise and insight into current market concerns with the audience.

When: Saturdays

Where: Spotify, Apple, Website

How Long: 45-60 minutes

Stock Club by MyWallSt

The Stock Club team examines the latest market news, pitches stocks from their shortlist on MyWallSt.

This investing podcast demystifies the stock market through the use of the jargon buster portion of the website.

What distinguishes this podcast from the others on this list is that it is applicable to investors of all experience levels.

These two gentlemen converse in a laid-back manner about the latest hot issues in the stock market,.

Their goal is to dissect some of the stocks that are available via our subscription service.

Then they proceed to answer questions concerning themes or ideas that are intimidating to the novice investor.

The only way to understand a REIT is to have it explained to you with an Irish accent!

So come and join the MyWallSt investing team as they gather around a table to talk about the businesses and techniques that influence their investment decisions.

When: Every second Friday

Where: StockClub, Spotify, Apple Podcasts, Google Podcasts

How Long: 35-40 minutes

Mad Money w/ Jim Cramer – Best for Expert Financial Opinions

CNBC presents this podcast, which is hosted by former hedge fund manager Jim Cramer.

The host is mostly concerned with the success of various companies and the prospective performance of their stocks.

Jim has a wealth of knowledge and expertise in the financial markets, and he is also the creator and primary contributor to the prominent investment website TheStreet.com .

As host of the Mad Money podcast, Jim seeks to educate investors to the point where they are confident enough to make financial decisions for themselves.

The best part about this podcast is that it includes a video component as well, which is ideal for individuals who want to watch and listen while at home or even while running on a treadmill at the same time.

Mad Money Podcast hosted by Jim Cramer

Jim and the Mad Money crew also frequently break down market news, most notably examining the impact that Boeing’s new planes had on the company’s stock price.

When:  Weekdays

Where: Spotify, Apple, Website

How Long: 45 minutes

Planet Money by NPR – Best Economics Podcast

Explained in terms of economics: A straightforward mission, but a complex execution.

Planet Money has been on the air for more than a decade and has more than 900 episodes in its archive to its credit.

Two episodes of Planet Money are released each week by NPR.

Fresh episodes are occasionally mixed with historical programs from the archive.

Its breadth of subject matter and depth of information are unparalleled.

The podcast is equally useful to novice investors as it is to seasoned investment bankers with a wealth of expertise.

When it comes to teaching something dull in an entertaining way, Planet Money does an outstanding job of doing it.

It attempts to make economic theory understandable to the general public by employing these absurd case examples to emphasize the importance of complicated underlying concepts.

When: Wednesdays and Fridays

Where: NPR, Apple Podcasts, Google Podcasts

How Long: 15-25 minutes

Digest & Invest by eToro – Best for Quick & Easy Financial News

If you are searching for short podcasts that cover financial issues in a concise and easily consumable way, this podcast checks all the boxes.

In this edition of Digest & Invest, Dylan Holman and Henry Ward analyze the most important market news that has transpired in the last week.

Then the investing podcast hosts explain how it may influence the stock prices of linked firms.

The nice thing about this podcast here is that every episode is only 15-20 minutes long.

This makes it a fantastic choice for individuals who are short on time but yet want to learn something new.

The podcasts are typically focused on three companies every week, with each company’s stock price forecast and prognosis discussed in detail.

Furthermore, certain podcast episodes go into further depth about other asset categories.

Such as indices and commodities, ensuring that you have a comprehensive understanding of what is going on in the financial markets at all times.

When: Wednesday

Where: Spotify, Apple, Website

How Long: 15-20 minutes

Business Daily by BBC World Service – Best Market News Podcast

Business Daily is a daily news segment in which the BBC delves deeply into a certain news issue.

These subjects range widely, from the alarming levels of consumer debt in China to the rising impatience of Uber shareholder.

However, each episode aims to provide you with your daily dose of information on the state of the international economy.

Even for a daily podcast, the level of care and attention to detail is extraordinary.

A typical episode includes in-depth reporting, expert opinion, and interviews with individuals who are on the ground, as well as professionals within the business.

Connecting to Business Daily during your daily commute is a proven method to get your mind in the mindset of an investor.

When: Daily

Where: BBC, Spotify, Apple Podcasts, Google Podcasts

How Long: 17-18 minutes

Invest Like a Boss – Best for Engaging Interviews

Sam Marks and Johnny FD, two self-made billionaires, host the Invest Like a Boss podcast.

If you love listening to informative conversations with top company leaders and industry innovators, Invest Like a Boss is a wonderful podcast for you.

The podcast covers a wide range of issues that are commonplace, but it also delves into some esoteric areas, such as peer-to-peer lending, real estate, and even cryptocurrencies.

Sam and Johnny hope to give investors exclusive expertise by conducting interviews with various specialists.

They also publish the results of their interviews on their websites.

Furthermore, the hosts periodically release ‘one-off’ podcast episodes in which they discuss themes that are both entertaining and informative, such as ‘Sam’s Top 10 Biggest Investment Mistakes.’

This podcast is a favorite of many people all around the world because of the intriguing interviews and down-to-earth tone that it maintains.

When: Wednesday

Where: Spotify, Apple, Website

How Long: 15-20 minutes

Masters of Scale by Reid Hoffman – Best Investing Podcast Host

In addition to being one of the co-founders of LinkedIn, Reid Hoffman is also the former Chief Operating Officer of PayPal (NASDAQ: PYPL) and a partner at Greylock Partners.

He also serves on the boards of directors for several companies, including Airbnb, Convoy, Edmodo, and Microsoft (NASDAQ: MSFT).

I know what you’re thinking: why does this man need to produce a podcast in the first place?

The explanation is that he isn’t required to do so; he just enjoys doing so.

It is the host’s contention that the podcast’s concept is based on that particular viewpoint.

Reid Hoffman sets out to define and verify hypotheses that explain how exceptional entrepreneurs take their firms from nothing to a gazillion dollars in an inventive manner, according to the podcast’s description.

When: Week, fortnight, or month (not definite)

Where: Masters of Scale, Spotify, Apple Podcasts, Google Podcasts

How Long: 30 – 45 minutes

Invest Like the Best with Patrick O’Shaughnessy – Best for Advanced Topics

Mr. Patrick O’Shaughnessy has extensive experience in the financial sector, having created his own asset management firm and served as its CEO for a number of years before that.

Patrick hopes to make more complicated issues more accessible by drawing on his extensive knowledge and professional experience.

Guests on recent podcasts have ranged from multi-stage investment firm managers to company CEOs, all of whom were eager to offer their thoughts on current market developments.

On top of that, Patrick will frequently give insightful commentary on subjects from the perspective of an asset manager, providing you an understanding of how high-level executives think when it comes to investing.

Furthermore, podcast episodes will frequently be devoted to the analysis of a single firm in particular, with the most recent episodes focusing on Alibaba and Shopify.

The podcast’s goal is to educate listeners with the information they need to make informed investment decisions through these talks.

When: Tuesdays

Where: Spotify, Apple, Website

How Long: 60 minutes

Options Trading Excel Template – Free Downloads

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Can You Paper Trade Options On Webull in 2022

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How To Read Level 2 Market Data on Webull

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2022 SPY vs QQQ – Which Is Best For Options Traders

I have been trading SPY Options for more than 7 years. Then in May of 2021, something happened to QQQ Options that changed my mind from that point forward. Today I will be sharing my experience trading SPY vs QQQ Options so that you can learn from it in order to Take your Options Trading to the Next Level. SPY vs QQQ – The Popularity Contest If you have been trading US stocks or options for awhile, chances are you …

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Is it worth Trading on Margin?

Is it worth Trading on Margin? – Easy Step by Step Guide

Trading stocks on margin entails borrowing money from a broker in order to make a transaction. But is it worth trading on Margin? Let’s find out.  A margin account improves purchasing power while also allowing investors to utilize someone else’s money to raise financial leverage by borrowing money from other investors.  Margin trading has a higher profit potential than regular trading, but it also carries a higher level of risk. Is It Worth Trading On Margin | What is Margin …

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FUTU MOOMOO Trading App Review

Futu Moomoo Trading App - Great Trading Platform for Beginners

Moomoo trading Platform may be a newcomer to the trading platform arena in the US.

But this one comes in with the backing of non other than investing.com.

In this review of MOOMOO Trading App, I will reveal one thing that makes this a clear standout you must include in your trading arsenal.

What Is MOOMOO Trading App ?

I came to know MOOMOO trading App from Investing.com App.

As you may or not know, I regularly use the investing.com App for my day trading in pre-market and after hours.

Inside of it, I recently spotted MooMoo and my curiosity led to me to this.

FUTU MOOMOO Trading App Review - MooMoo App is featured inside Investing.com App as a Top broker
Offers from MooMoo Trading App

The Moomoo App is a trading platform from MOOMOO, In which offers financial services through Hong Kong based Futu Inc.

This venture is backed by investing.com.

It is through this partnership that Moomoo App is featured on inveting.com App as a Top broker.

Which countries does MooMoo Serve ?

As a broker-dealer, FUTU has an already international presence.

The expansion into the US is following the footstep of another recent newcomer in this space namely Webull.

The focus for Moomoo App is on the Following 4 countries financial markets.

  1. United Stock Market
  2. Hong Kong stock market
  3. China Stock market
  4. Singapore Stock market

Investors in these countries will find the application very much in tune with their respective financial securities

How To Create Your MOOMOO Trading Account

Creating a Trading account on Moomoo App is relatively straightforward.

You will need an email and a password.

After this step, you can already access with the demo accounts.

Yes, I will come back to this later below.

However, for a full account, you will need the following items as displayed below.

FUTU Moomoo Trading App Review - How TO Create your Moomoo Trading Account
Required Information To Create a Moomoo Trading Account

A Social security number, a valid US address and you employment status is what is required for US residents to open a Moomoo trading account.

The process is quite easy overall and you will be ready to start trading whatever.

What Financial Instruments Can You Trade on MOOMOO App ?

On top of the choice on which of the 4 equity markets you would want to trade, you also have the choice of financial instruments.

Stocks and options on the US stock markets are the obvious choice for many traders.

Moomoo also offers Crypto trading.

The line up in tradeable cryptocurrencies is very large from Bitcoin, Ethereum, Binance Coin, XRP, Tether, Cardano, Dogecoin, Polkadot to the most obscure TenX, Odyssey , Gemini Dollar or Bytom just to name a few.

Futures

Though I have never traded futures, I find it interesting that that more and more traders who come to options trading have some backgroun in futures.

Should they be your cup of tea, you will be able to dance with the E-mini Dow, E-mini NASDAQ 100 and the E-mini S&P 500 as well as the VIX index, the E-mini Russel 2000 and the E-mini MidCap 400.

FUTU MOOMOO Trading App Review - Futures Listing in the App
Line Up of Futures Securities inside Moomoo Trading App

Metals traders will delight in gold, Micro silver and silver itself.

While the energy connoisseurs have the choice between Crude oil, RBOB Gasoline and the Henry Hub NAtural Gas.

Forex

Based on the online searches, I believe Forex is one instrument that is traded around the globe.

The choices inside Moomoo trading platform may see a bit limited for the more advanced traders.

In fact, I could only 10 pairs offered while courting the RMB Forex and International Forex sections

Index Trading on Moomoo App

Index trading is the new way of investing going forward.

It reduces exposure to single stocks while providing some diversification.

As a result, more and more investors are leaning towards these relatively new instruments.

AMERICAASIAEUROPE
S&P 500 Index (SPY)Hang Seng IndexUK FTSE100 Index
Dow Jones Industrial Average (DIA)Hand Seng China Enterprises IndexGerman DAX30 Index
Nasdaq Composite IndexHang Seng China Affiliates IndexFranceCAC40 Index
SSE Composite IndexNetherlands AEX Index
Shenzhen Component IndexItaly FTSEMIB Index
List of Index offered on Moomoo Trading Platform

Is MOOMOO Trading App Safe

If you have nay concerns about the security with FUTU as a broker, you can rest assured.

We learned earlier that investing.com itself is a Partner helping them with this introduction to the US markets.

Secondly, the company is listed on the New York Stock Exchange.

Thirdly, it has to pass all the check marks with FINRA.

Lastly, your account is protected the Securities Insurance Protection Corporation SPIC’) which provides some protection over your cash.

How Intrusive is the Moomoo App

For those you may concerned about running a progressive trading App on their phone, I ran this test to compare how much memory

space Moomoo App uses on my Galaxy Note9.

CURRENT INSTALLED APPSMemory Used By APP
TradingView53 MB
Investing.com App83 MB
ZOOM 140 MB
Instagram 175 MB
Webull APP202 MB
Twitter 289 MB
MooMoo Trading App 303 MB
Memory Space per App on My Galaxy Note9

As shown on the table above, Moomoo App uses a bit more storage space than Webull App.

However, this should not make you shy away from it especially since I will be revealing soon the one thing that will totally make it worth it.

How Much Does It Cost To Trade On MOOMOO App ?

The philosophy of Moomoo trading App is to bring trading to the masses.

As such, gone are the heavy fees just like its US counterparts.

Moomoo Platform Fees

Futu Inc lists fee schedule for US residents that are more attractive that for non US residents.

Commissions for stocks and ADRs are $0.

There are some small regulatory fees that are correlated to the number of transaction amounts.

How much does it cost to Trade Options on Moomoo App ?

With zero commission on options trading, many traders will welcome this newcomer intothe arena.

The cost per contract fee is in line with the other US brokers at $0.65.

I personally pay $0.35 with my current broker while enjoying a high quality trading platform as described in this review.

Best Features of MOOMOO Trading App

The Moomoo App has a “#What’s New” section where you can all the latest and greatest features.

How do you get there ?

At the bottom of your Trading App, click on the “Moo” icon and then click on Moo features.

One such recent added feature is the US and Hong Kong Stock Short Sale Analysis now available on Macv11.9.

This feature drew over 51000 traders views in less than a month and here is their approval of this addition.

Futu Moomoo Trading App Review - #What's New Feature addition Approval for the US Stock Short Sale Analysis Feature
Feature Upgrade on MooMoo App| 87% for US Stock short Sale Analysis

Community

Users can now change their community window size and upload their own video .

There is an on-going #MooMoo US Stock Paper Trading Competition Forum.

The prize is not a small token prize.

Indeed, you can win share of the high flying NVDA stock.

After their recent 4:1 split, NVDA stock is trading at almost $225.

MOOMOO STREAMS

Another recent set of upgrades brought the following features.

  • US National Exchange Order Book
  • US Stock BBO Switch
  • Level System for US Stock Quotes
  • Stock Heat Map of Portfolio Rankings
  • Multi period Capital Flow trend

From the crowd view of 67000 traders, the majority of the votes went to the US National Exchange Order Book.

There you can see the importance of a trading community with the ability to get instant feedback on the tools that will help you in your trading with the Moomoo app.

Futu Moomoo Trading App Review - New Features Voting
US National Exchange Order Book Won the Voting on The New Moomoo Features

Does Moomoo Offers fractional Shares

As of this writing, Futu Moomoo does not yet give traders the ability to buy fractional shares.

This is well awaited feature that I have seen many traders request.

So, you ay have to wait a little bit longer before you can buy fractional shares on Moomoo.

However, Webull has fractional shares since early 2021 and you can easily trade your favorite stocks fractional shares on Webull.

MOOMOO Trading Platform Education Course

Trading Education is for me the best investment any investor can make nowadays.

Hence when you are able to take advantage of free trading education, you cannot pass on it.

Moomoo offers a huge library full on free trading courses ranging from Stocks, options, funds and general market insights.

Futu Moomoo Trading App Review - Free Trading Courses inside Moomoo App
Free trading Courses in MooMoo Trading App

Is MOOMOO The Best Demo Trading App ?

If there is one thing I cannot recommend enough to options traders beginners, it is the need to practice on a demo or paper account.

Finally, there is a trading platform that offers a superior demo trading App.

Yes, Moomoo provides you with not $100000 like ETRADE, but al lthe way to $1Million to gain enough confidence in your strategies.

FUTU MOOMOO Trading App Review - Demo Account with $1 Million for stocks and Options trading
$1 Million Demo Account for Options and Stocks Each

The purpose of the demo account is to aback test your methodologies before going live with real money.

Now you have that at your fingertips and you should take advantage of that.

Notice that they $1 Million allocation on Moomoo App paper trading account is available for stocks as well as options.

Therefore, you will have plenty of time before you run out of Cash despite making rookie mistakes as we all are bound too.

I do not know about you but this is the big game changer for options trading beginners.

Webull is nce but the lack of a paper trading account for options left me a little bit on the defense side.

Moomoo is clearly addressing this need in a big way.

Futu MOOMOO Customer Service Review

Live online customer Service is available from inside the Moomoo app.

It may seems tricky at first but here is the simple process on how to contact Futu Moomoo Trading App Customer service inside the trading App.

Futu Moomoo Trading App Review - How To Contact Customer Service inside the Moomoo Trading App
How To Contact Futu Moomoo Customer Service Inside the Trading App

Step 1. Locate the Moo” Me Icon on the button right hand side (as shown on the picture above)

Step 2 . Click on the Customer Service green icon

Step 3. Enter your question in the pop up window et Voila.

You may be luckier that I have been so far but do not expect a response outside of market hours.

Instead expect an automated message in the form of encouragement to open an account or invite your friend to enjoy free AAPL stocks.

CONCLUSION

Moomoo Trading App is making its way state side and you ought to take notice if you are serious about taking your trading to the next level.

Why don’t you start the step in your new trading journey the right way today by opening an account with the link below.