See a lawyer .
Set up a web page and see what happens orders may star to come in, it is cheap and yahoo can help setting up the web page.
2007-03-24 12:32:17
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answer #1
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answered by minootoo 7
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How To Start trading business?
Trading goods and services allows small businesses around the world to compete on a global basis with their larger competitors. You can get started with your own import/export business with this list of online import and export business start-up resources and tools.
How to Begin Trading the Markets
There's a lot of books and courses on strategies for trading, but few talk about the basics of moving from beginner to seasoned beginner. This article will introduce you to the 9 steps that'll help you transition to the next stage.
Steps
Choose what market you want to trade. A big mistake of many beginners is to want to trade everything... fight that urge, focus.
Choose a maximum of 3 instruments to follow. Don't be a generalist, be a specialist.
Watch the markets. Just by observing you'll be surprised at what you can learn.
Keep a trading journal. Even before you start trading keep notes, ideas and observations in one place.
Find or develop a trading strategy. You'll need a game plan for making it in the markets, whether your own or someone elses.
Practice. Start practicing with practice accounts or paper trading. This will work out basic bugs, and help you understand trading basics.
Trade without risk. After practicing, begin trading in very small increments. You should trade amounts that are negligible, for example in stocks, trade only 100 shares.
Earn bigger positions. When you can make 10 trades that follow your strategy, increase your trading size.
Develop your very own trading system/method that suits your trading style and temperament.
Do not follow a herd mentality with other traders
Tips
Trading isn't a sprint, it's a marathon. Don't try to make a killing right away, instead trade small and learn.
At the close of every trading session, record your trades, feeling and thoughts. Your trading journal is your best teacher.
Don't trade because you're bored.
Always know your exit.
Sometimes not trading is the best trade
How to Get Started Trading Options
You wouldn't take a yacht on the open sea without learning to sail, nor can you trade options without knowledge of derivatives and skills to operate within the market. Like sailing, trading options isn't something you learn overnight. Trading options involves considerable risk. You risk your life, when you sail out to sea and you risk your money, when you trade options. You must study the subject in depth and develop trading skills, if you wish to become a successful options trader.
Steps
Learn to talk the talk. Look at this website, and print out the entire Options Dictionary. Insert the pages in a three-ring binder. Start studying.
When you thoroughly understand the options terminology, begin reading books that cover the basic techniques and strategies for trading options. There are many books from which to choose. Two suggestions are:
High Performance Options Trading: Option Volatility & Pricing Strategies by Leonard Yates
The Option Trader's Guide to Probability, Volatility, and Timing by Jay Kaeppel
It is critical you understand technical analysis. Learn to interpret charts, if you want to successfully trade options, regardless if you plan to trade equity, index, currency or any other type of option. Here are some great resources:
Technical Analysis Explained 4th Edition by Martin J. Pring.
Technical Analysis for Direct Access Trading: A Guide to Charts, Indicators, and Other Indispensable Market Analysis Tools by Romeu Umar, Rafael/ Serajuddin
New Frontiers in Fibonacci Trading: Charting Techniques, Strategies & Simple Applications by Michael Jardine
Subscribe to Telechart 2000, one of the best charting programs of all time. http://www.tc2000.com
You will find a wealth of information on the Chicago Board of Options Exchange web site:http://www.cboe.com/ Click on the Learning Center. Start with the Options Institute. Study the free Online Tutorials.
Enroll in CBOE's The Options Primer online course, which consists of three interactive modules: Option Basics, Profit & Loss, and Investment Strategy. The material explores in-depth options concepts and tests your knowledge as you learn at your own pace.
View CBOE's Options Webcasts that allow you to interact with the instructor.
Attend a CBOE 1, 2 or 3 day Options Seminar. You will find information at: http://www.cboe.com There are seminars from Basic to Advanced, depending on your level of knowledge. In addition to the seminars offered by the CBOE, you will find advertisements for other options training seminars in the Wall St. Journal and Investor's Business Daily.
Open a brokerage account. Your account must be specifically an options trading account and you will require approval by the firm's Option Principal to trade options. If you have no experience trading options the Option Principal will not approve strategies beyond writing covered calls to begin. As you gain experience you can request permission to engage in advanced option trading strategies.
Read and understand the Risks and Characteristics of Standardized Options, a booklet written to meet the requirements of an SEC rule. In compliance with the SEC rule, brokerage firms distribute the booklet to those who open an options trading account.
Tips
Practice paper trading before you risk your money.
Never use more than 20% of your cash to trade options.
Never use money to trade that you cannot afford to lose.
It is helpful to have a margin account, however, depending on the amount of cash and equities in your account, you may not be granted approval to trade on margin.
If you do trade on margin, always be prepared for a margin call.
Option commission rates vary. Compare rates and services before opening an account.
Check the brokerage firm's execution rates and reliability. How fast trades are executed can be critical.
for more info
\http://www.homebiztools.com/ideas/import_export.htm
http://www.sba.gov/
2007-03-24 17:26:42
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answer #2
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answered by Kevin 5
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