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Whether your trading is profitable or not, you can benefit from the tax laws. Profitable trades are taxable, and unprofitable trades can be deducted from other income sources.

Think about that, even losing trades can be subsidized by the IRS. But only if you trade in a tax-efficient way. You need to set yourself up to take advantage of the laws, before you make those trades. You can also deduct a wide variety of expenses from your profitable trading if you position yourself correctly, in advance.

Day Traders Accounting Software takes the complexity out of tax calculations, getting the best return on your taxes. Traders Accounting software shows you exactly how to do that. For a limited time, FibMarkets is happy to be able to offer the following Traders Accounting top tax CDs at 50% off.

Bonus: Each CD also comes with a 40-Page Personalized Tax Action Plan – FREE

So how exactly do you decide what designation will give you the best tax advantage? Should you set up an LLC? Do you need a C Corp as managing partner?

That answer will be different for every trader. That’s why they have included a special questionnaire on each CD of this series. At the end of your workshop you can fill the form out right on your computer and send Traders Accounting with just a click of your mouse.

Traders Accounting will take that information and use it to develop a personalized Tax Action Plan just for you. The plan will ensure you’ll be trading in the most tax efficient way possible. Next they will spend up to one hour consulting with you (a $140 value!) on how to put your plan into place.

If you had to purchase our Tax Action Plan separately, along with the one-hour consultation, you’d easily spend over $250.00. But they’re included FREE with your CD.

If you are new to trading or at a point where you need help with your tax plan/return, this is your opportunity.   Click here to get your coupon code for these products. Be sure to use the corresponding coupon code at checkout for the product you are purchasing.

Here are a list of the available products:
Tax Secrets for Traders – FOREX SERIES
Tax Secrets for Traders – STOCK & OPTIONS SERIES
Tax Secrets for Traders – FUTURES SERIES
Tax Secrets for traders – E-MINI SERIES

This is a helpful conversation from the TraderZine forums. Many savvy traders hang out in those forums, so I recommend you join and get involved.

Hi Neal, or anyone else, I wonder if you could help me out with this one, I am still a bit unsure of how to enter a trade exactly.

I have watched the videos, trading the trend etc. but am still a bit confused.

The idea is to buy dips or sell rallies on the LTF but if you wait for a TRSI cross (grey over blue) then it seems you invariably end up buying near the top of a short term rally. Is the idea to buy at the 1st open after the TRSI closes with grey above blue ?, or should you enter at the fib or SK level on these 10,15 30 min etc. LTF’s.

Also, on the HTF, are we just looking for the TRSI to be up (or down) and with no near term resistance or should we be looking for this after a bounce off an SK level on the HTF ?.

Any help with this would be greatly appreciated.

Many thanks

Dorian

Click to enlarge

Attached is the chart with TRSI expanded.

In a chart with sudden down-moves (thrust) you are foreced to trade lower time-frames. The only way to get into a fast moving market is to drop to lower time-frames. On the higher time-frames, the sudden drop has already transpired by the time you notice it. So in this case TRSI is not able to determine a change in direction from weak rally to sudden drop until after is has happened.

The solution is to go even lower, to say 5 minute charts. I have not checked in this case, but that is the normal situation for markets which make sudden thrusts.

The vertical red lines on this chart show the TRSI short triggers, when it is able to detect a change in direction (downward). Until the vertical red lines, that chart is in a counter-trend mini-rally. To trade this chart you really need to go to a lower time-frames to catch the little moves, or just take the 4 hour trigger and ride it out (for the bigger move). The 15 minute chart does not have enough resolution to detect the change in momentum, until after a sudden drop.

I don’t care who you are, that’s some good stuff right there!
Regards,
-Justin

If you have blindly followed indicator signals, you know that something is missing. What makes a great trade setup, and how can you tell the difference before you place your entry?

This month in my forum, I am leading traders through specific exercises to learn how to apply Fibonacci, price action, and trend/momentum to find better trade setups.

Gain the necessary skills and knowledge to find more winning trades and avoid losing trades. Work towards larger profits, less risk, and fewer losses.

Learning these techniques is really easy and inexpensive. Take advantage of my skills and experience by joining the Fibonacci Trading Forum on DailyForexCharts.com For a limited time, join for $9.95 for the first 2 weeks.

Traders who have followed my charts over the years know I have an uncanny ability to find great trades.

The best trades tend to go your way quite quickly, you have trend in your favor, and they do not go against you very much.

These trades are profitable more often than not, and do not carry a lot of pain and anguish!

How do you find these great trades?

I have a project to teach traders how to find and execute these setups. We start by identifying what we are looking for. Then we search historical charts for these setups. We use a private forum to post our charts and findings, to find out when the setup works, when it fails, and how to trade it. We filter to find the best setups with higher probability.

If you want to participate in this learning experience, you must join our private forum. There is a fee, but it is very affordable, and you will participate in our trades real-time. Click here for details.