Category: Day Trading (Page 1 of 3)

Become an Expert with an eToro Practice Account

February 26, 2023 / Frank Nez

Trade stocks, crypto, currencies, indices, with eToro practice account.

An eToro practice account, also known as a demo account, is a valuable tool for anyone interested in trading financial markets.

With a practice account, traders can test out different strategies and gain experience without risking any real money.

In this article, we will explore the benefits of using an eToro practice account, how to set one up, and some tips for making the most out of it.

Benefits of Using a Trading Practice Account

The benefits of using an eToro practice account are numerous.

Firstly, it allows traders to test out different strategies and see how they perform in the market without risking any real money.

This is important because it allows traders to make mistakes and learn from them without incurring any financial loss.

Additionally, a practice account can help traders become more familiar with the eToro platform and its features, such as the different types of orders and charting tools available.

Another benefit of a practice account is that it allows traders to practice their risk management skills.

This is important because risk management is a crucial aspect of trading, and it is essential for traders to be able to manage their risk effectively in order to be successful.

A practice account enables traders to test out different risk management strategies and see how they perform in the market.

To set up an eToro practice account, traders need to create a free account on eToro’s website.

Once the account is created, traders can access the practice account by clicking on the “Practice” button on the top right corner of the eToro trading platform.

The practice account will come with a virtual balance of $100,000, which traders can use to practice trading.

Which Markets Can I Trade with an eToro Demo Account?

An eToro demo account will give you access to trade the following:

Stock market
Crypto market
Commodities market
Currencies
Indices
ETFs

Stock Market: trade stocks such as the SPY, Tesla, Apple, the Nasdaq, and many more.

Crypto Market: trade crypto such as Bitcoin, Ethereum, BNB, Cardano, and more.

Commodities: You can even trade commodities such as Gold, Silver, Oil, and even Wheat!

The number of markets you can trade with the eToro practice account is one of its coolest benefits.

One that many other trading accounts don’t have the capabilities of doing.

Let’s now look at some great tips for trading on a demo account you may find extremely useful.

Tips for Trading on an eToro Demo Account

Once the practice account is set up, traders can start experimenting with different strategies and testing out different trades.

It’s important to remember that the practice account is not a simulation and the market conditions, spreads and other parameters are real-time (another benefit).

One important tip for making the most out of an eToro practice account is to keep a trading journal.

This is a record of all the trades that you make, including the reasons why you made them and the outcome.

Keeping a trading journal can help traders identify patterns in their trading and make more informed decisions in the future.

Another tip is to make use of the eToro social trading feature, which allows traders to follow and copy the trades of successful traders.

By following and copying the trades of successful traders, traders can learn from their strategies and gain valuable insights into the market.

Lastly, it’s important to remember that the purpose of a practice account is to practice and gain experience, not to make quick profits.

It’s important to approach trading with a long-term mindset, and not to get discouraged if things don’t go as planned.

A practice account will help you develop not just the skills you need to succeed in any market but also the discipline and grit it takes to win.

Closing Thoughts on eToro Practice Account

How to practice trading stocks, crypto, commodities, and more.

In conclusion, an eToro practice account is a valuable tool for anyone interested in trading financial markets.

It allows traders to test out different strategies and gain experience without risking any real money.

By setting up a practice account, keeping a trading journal, making use of the eToro social trading feature, and approaching trading with a long-term mindset, traders can make the most out of their practice account and become successful traders in the long run.

If you enjoyed this article, share it on your social media to help other like-minded people who also want to succeed as traders.

Start Practicing Now!

How To Trade Options in the Market With a 9-5

February 13, 2023 / Frank Nez

Options Trading for beginners — Are you ready to trade options? Here’s what you need to know first.

There are many ways to earn money outside a 9-5 but multiplying your money at will through the market provides you with another type of freedom.

If you’re like me, you probably hold traditional long-term stocks, some crypto, but have also been interested or curious about options trading.

Options trading seemed intimidating to me a year ago.

But after many months on and off of researching it, I’ve finally decided to apply the knowledge I’ve gained.

And it’s changing everything very quickly (options trading course on Patreon).

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

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Why options trading?

Options trading allows you to make money at will, no matter if the price of a stock is on an upwards or downwards trend.

Differentiating calls vs puts is going to help you identify which strategy will best suit you as a trader.

While some traders use one or the other, many traders also use both strategies in different plays.

Trading options isn’t as risky as most people might initially think it is.

For starters, buying a call or put option means you can only lose what you invest in.

Another pro to trading options is you can earn money every day, or every week if your margin account has less than $25,000.

New options traders will find you do not need a lot of money to begin trading options.

To get started, you’ll need to open an options trading account and you can fund it with a few hundred dollars or less for starters when learning how to trade.

Reason why you shouldn’t limit yourself to a 9-5

A 9-5 might feel like you have some sense of security, but the reality is a 9-5 is never truly 100% secured.

Learning new skills will allow you to increase your income outside your 9-5 without having to take the risks of entrepreneurship.

Two of my startups failed while I was employed, the third one wasn’t scalable, and finally my first real business has been growing since 2020.

But even then, I knew that I didn’t just want to earn money per project.

I asked myself, “how can I earn money on a regular basis?”

That’s when I began to study options trading before actually committing to making my first trade.

The hardest part for me was taking action after I had digested the knowledge on how to make my first trade.

But let me tell you, once I made my first trade, I got a rush.

Because I wanted to do it for so long and I was finally doing it.

I had a strategy in mind I always thought of using and I finally began putting it to work.

I made gains on my first trade, gains on my second, and lost a little on my third.

But by my sixth trade, I was up 10.57%.

If you’re a long-term investor you’re lucky to see these gains by the end of the year.

Here’s why these gains were so important

If you’re thinking to yourself, what’s so significant about +10%?

Well, you’re missing the macro vision here.

Think about how often you get a raise at work, are you even in a position to get a raise at work?

Imagine you getting paid 10% more one day at work, that be great wouldn’t it be?

Now let’s break down how much 10% is when comparing it to a few different brackets when trading options.

10% gains on $200 is $20 more per day / additional $600 per month

10% gains on $500 is $50 more per day / additional $1,500 per month

And 10% gains on $1,000 is $100 more per day / additional $3,000 per month

Now that’s a lot better, right?

If you are able to make $1 trading options then you can make $10 trading options and $100, and so on.

And while not every trade will be a 10% gain day, some will be bigger days and some less.

This is where strategy and due diligence will play a big part in your success rate.

How to prepare for options trading

Read the differences between calls vs puts.

I break down the differences in this article and make it very easy for beginners to understand how they work.

Call options are bullish bets a stock will go up while put options are a bearish bet a stock will go down.

You will also want to familiarize yourself with the meanings of OTM (out the money), ITM (in the money), and ATM (at the money), also explained in this same article.

And lastly, you will need to use a broker that allows you to trade options.

Webull has to be the best platform to trade options as it has one of the easiest navigation layouts in the game.

NOTE: you will need to open a margin account and not a cash account to trade options with Webull.

If you’re part of the community newsletter, you received an email regarding a new 3-part video options trading series I have coming very soon.

I’ve completed Part 1 and Part 2 already and will be publishing a video on my personal day-trading strategy in August as Part 3.

I show you the basics; how to buy a ‘call’ option and ‘put’ option step-by-step during a real-life trade.

I will wrap up the third video with the trading strategies that I personally use that no one else is talking about.

Some of you caught the clip I posted on my IG story this morning on calls that printed from CEI.

This 3-part video series will be made available in our private community if you’re interested in learning more about trading options.

Here’s what happens when you trade options

Options Trader - FrankNez — Options trading for beginners.

You gain control of your finances
A confidence emerges that was previously dormant
You unlock the ability to multiply your money at will

Something clicks when you realize that you can literally turn money into more money without relying on an employer.

Those of you reading this who already trade options know exactly what I mean.

By the end of my course, most of you will be able to wake up every morning and make a trade that will yield gains.

Join our private community here to be part of this experience.

The Best Indicators to Trade SPY // Lesson.

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Online Stocks: How To Start Trading

November 15, 2022 / Frank Nez

Published by FrankNez Team.

Trading online is not just a trend but also becoming a necessity for people.

The modern world is getting fast, and people are trying to grab all the opportunities that can be prominent and survive better.

In this modern world, fixed deposits and savings do not pay much.

However, when the world is getting advanced and innovation processes are roaming around, you cannot wait to just make your savings ready.

Fulfilling dreams in life, consider finance.

Without financial prominence, no one can get to the position where they will be able to get rid of financial tension.

Moreover, fulfilling the dream of life needs financial freedom, which is more than just living the life.

On the other hand, inflation is increasing the cost of living.

You cannot just depend on your income and savings in such a situation.

It will not pay you off better than just living your daily common life.

Here comes online trading with enormous opportunities for stocks.

Why Should You Go for Online Stocks?

How to trade stocks online | Trading stocks for beginners. — Trading stocks online for beginners.

When someone gives you the advice to start trading, that doesn’t mean you have to leave your job or the things you do in general.

But with the presence of digital media and the internet, you just have to focus on investing in stocks through online platforms to use your hard money in the best way possible.

Stocks are also known as shares of equities, allowing you to buy a share of a company and be a partial owner.

So, when the company gets enriched in the future, you will get a share of the profit.

Stocks are most popular these days because they have the ability to provide you with a better return with a calculated risk.

But why should you go for online stocks?

The answer is simple and direct: when you are able to start trading while in bed, why should you not consider the process?

It’s all about investment, and when you know that you are getting a legit source of secondary income even in your free time, no one will lose the opportunity.

Steps To Start Online Trading

After you know the benefits of trading online through stocks, you may want to start trading.

However, do not wait because we share the necessary details to start trading online here.

Find A Stock Broker

It’s the first step to trading online.

Before you start trading online, you will need to find the best platform available in the market.

Try to consider a stocks broker who has the ability to show you legitimate and strong stocks in the current market.

Open A Trading Account.

After you have selected a particular stock broker in the market, you will need to open your account on the platform.

Insert the necessary details, including your address and account details, and open a new trading account simply.

After you open your account, log in to it and add money to the designated bank account.

Here you will be able to add as much money as you can depending on the platform’s criteria, and then you can start trading.

Visit Details And Start Trading With Stocks.

But remember that you have to pick the best stock in the market.

So, you have to analyze the market on the platform and pick which is suitable for you.

So, it’s time to concentrate on your niche and research the market properly.

You can even take advice from online reading experts if you want.

Learn how to trade options here.

Is It Safe to Trade Online?

There are advanced securities and authentication processes in online trading platforms.

So, it’s absolutely safe and secure for the trading process.

You can be safe on your own by creating difficult passwords as well.

So, there is no need to panic but start trading today.

How Can the Average American Pivot in a Recession?

October 20, 2022 / Frank Nez

Recession 2023 — Want to become recession proof? Here are some steps you can take.

An economic downturn, a recession, call it what you will.

The U.S. economy is in a state of emergency and the average American is suffering financially.

From stock and crypto market crashes to the rise of gas prices and increased inflation, the middle class is in desperate need of help.

The problem is no one is teaching the middle class how to pivot.

Cutting back on expenses isn’t going to do it, you can only cut so much.

This article is going to help you identify several ways to pivot during a recession so that you can take care of your family during economic hard times.

Let’s get started.

Shifting Mindset from Defense to Offense

how to prepare for a recession. — How to prepare for a recession.

During a recession, most people tend to contract, they tend to shrink (cut expenses, coupon, etc.).

Very few, however, expand and look for high reward opportunities.

It’s these opportunities that allows the few to shift their mindsets from defense mode to offense mode.

A defense mindset is idle, waiting for the government to do something about their financial setbacks (job loss, cut hours, lost pension funds, market crashes, etc.).

An offense mindset on the other hand is identifying how to keep up and overcome the changes occurring in their environment.

While most people focus on the things that are out of their control, few focus on the things that are within their control.

If you’re reading this blog, chances are you’re being impacted by our economy today and want to make more money.

Who doesn’t want to make more money?

Money is how we ensure our family’s security and wellbeing in America.

If you want to learn how you can pivot in today’s falling economy by earning more money, keep reading below.

Learn How to Use Leverage and You’ll Never Fall Short Again

We all have the same 24hrs in a day, but do you want to know why successful people make more money than the average person?

It’s not because they work harder than you or because they’re smarter than you.

It’s because they use leverage.

Leverage is a multiplier of both time and money.

What would have taken you decades to accomplish, leverage gets it done at a fraction of the time.

Leverage is accessible to everyone, including you.

But we don’t grow up with mom and dad teaching us this.

So, what are some forms of leverage you can take advantage of as soon as you exit this blog article?

Let’s dive right into them.

Leverage Tools to Help You Make Big Money

#1. Building Your Dream Business

Small business recession — @easymarketingconcepts

Starting a business around your hobby, passion, or skills has the potential to create that world you desire.

How does leverage play a role in building a business?

Think about this for one second.

If you work a 9-5 or commission job, you the employee are generating income for the leader of that organization and getting paid per hour or per sale to do so.

However, if you’re the business owner of a small business or startup, all revenue goes to your business account.

The leverage here is you’re now using your time to build something that will generate positive cashflow instead of giving it away for an hourly wage or commission.

If you don’t have the capital to start a new business, you can always use leverage by taking out a business loan and incrementally paying it back as your business picks up.

Using the banks money to make money is the proper way to leverage someone else’s capital to your advantage.

#2. Day Trading

If you’re already invested in the stock market, then you’ve more than likely heard of day trading.

Day trading uses one of the biggest leveraging tools out there, the stock market/derivatives market.

Here, traders will require intense discipline in order to execute their trades with profit.

Day trading is certainly not for everyone, but if making hundreds of dollars to thousands of dollars per day sounds appealing, you can learn more about it here.

The incredible thing about trading the market is that traders can learn how to make money whether the stock market is booming or crashing.

This means that as long as you’re able to develop the skills necessary to become a consistently profitable trader, you will be able to pivot in a recession and actually make money while most of the economy faces turmoil.

Going on the offense means learning new skills and getting out of your comfort zone to be successful at something outside your 9-5.

You can follow my personal trading journey on Instagram or Twitter.

#3. Monetizing a Platform

Americans are monetizing on Facebook, TikTok, Instagram, YouTube and other platforms such as blogs and podcasts.

If the idea of creating content at scale intrigues you, monetizing a platform could be a great leverage tool for you.

The bigger you grow your audience, the more income you may earn from advertising revenue, affiliate marketing, sponsored content, or other streams.

But the key here is to provide real world value that can help your audience in one form or another.

My blog for example has helped thousands of people invest in the stock and crypto markets for the first time.

Retail investors were able to profit big from investments such as Bitcoin, Shiba Inu Coin, Terra Classic, AMC, and HYMC from early ticker updates on Franknez.com.

Those who took advantage of the information came out profitable before the markets began to tank.

But not everything has to be educational – many creators are publishing content on pretty much any niche that people find interest in.

A platform will help you pivot in a recession by working 24/7 for you.

How to Prepare Personal Finances for a Recession?

In terms of your personal finances, you’ll want to allocate a good chunk of your income into a savings cash account you can build in case of an emergency.

If your income is booming during a recession, consider investing in the S&P 500 index or in rental property.

Many opportunities will present themselves in times of an economic downturn, and when they do, we better be ready.

Becoming Recession-Proof

Becoming recession-proof is really about taking action.

It’s about creating something or developing new skills that will allow you to overcome any hardships that come your way during economic adversity.

Living paycheck to paycheck is hard, learning new skills is hard, building something new and getting out of our comfort zone is hard, so choose your hard.

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Read: Stocks Retail Investors Can Buy to Build Wealth This Decade