Global Trading Tools .com

13/12/2017

Pepperstone Bonus - Earn up to 75,000 Qantas points in December 2017! Available to new Pepperstone clients who open an account during the promotion (T&C's)

13/12/2017

Pepperstone Forex broker review ✓Will Pepperstone Australia meet your trading needs ✓See who's most suited to this FX broker in our free Pepperstone review

27/07/2017

28/02/2016

Mandatory Update for All NinjaTrader 7 Users.
Failure to do so will result in disruption of service!
Please see the following article for details and update download...
http://ninjatrader.com/Advisories/Advisory27

NinjaTrader is required to change a SSL certificate that is used in validating your license resulting in a mandatory software update. All users must update to the latest release prior to Saturday, February 27th. Failure to do so will result in disruption of service.

27/02/2016

A great article from Brett Steenbarger... "If I Were a Beginning Trader"
If I were a beginning independent trader and knew what I know now after 30 years in the markets, what would I do? A few ideas come to mind:

1) I wouldn't give up my day job quickly - I realize now more than I did as a newbie that only a fraction of traders make money, only a fraction of those continue to make money over time, and only a fraction of those are sufficiently capitalized to make a living from their trading. As I mentioned in a recent blog post, pursuing trading full time before you've developed a track record of success is not a dream; it's a fantasy.

2) I would undertake considerable simulated trading before trading live - When I think of all the practice hours on the basketball court working on dribbling, rebounding, passing, defending--and when I think of all the practice time in scrimmage getting plays down pat--I realize that game time is just the tip of a large learning iceberg. Trading truly is the only performance domain I know of in which a majority of participants expect to spend less time in practice than in actual live performance. No wonder so many lose money.

3) I would try out many markets and time frames before settling on any one - I'm continually amazed by how traders who are mediocre performers in one market can blossom once they move to a different market. I'm also impressed by the ways traders find time frames that work for their personal needs, capturing the right blend of market involvement and freedom from the screen.

4) I would find just one or two setup patterns and master those - It's hard to imagine successfully trading multiple patterns and markets before mastering one. By working on a specific setup, a trader can then focus attention on pattern recognition, ex*****on skills, money management, and discipline: the skills that will be of help when it comes time to extend the trading reach. It took many, many months of printing out and studying intraday charts for me to find the few patterns that I now trade.

Most of all, if I were a beginning trader and knew what I know now, I'd realize that trading is no less of a business than opening a store or a doctor's office. It requires talents, developed skills, and a clear plan for success. It requires adequate capitalization, and it requires a firm ability to limit overhead during the early, lean years. Fantasies are exciting, but there is so much more to performance success in any discipline.



Source: http://www.brettsteenbarger.com/trader_performance.htm %20I%20Were%20a%20Beginning%20Trader

If I were a beginning independent trader and knew what I know now after 30 years in the markets, what would I do? A few ideas come to mind:

11/01/2016

Effective January 10th 2016, the minimum price increment for the CME's standard size EURUSD futures, 6E, contract will be reduced from one pip to one half pip.
As a result of this change, users of NinjaTrader, trading the 6E, will need to update their tick size for the 6E instrument to 0.00005 to receive accurate quotes and ensure consistent ex*****on prices.
Please see link below for instructions how to do this...
http://ninjatrader.com/Advisories/CME-1-10-2015

12/07/2015

Great article on how to compare and choose an online broker...

http://www.onlinebrokersaustralia.com.au/comparing-choosing-an-online-broker/

Investing through an online broker is easy & relatively inexpensive, however the hard part is comparing & choosing one that's right for you... we can help!

12/05/2015

Upcoming FREE NinjaTrader Training

http://www.ninjatrader.com/ProductEducation.php

The NinjaTrader stock, futures and forex charting software premium paid education schedule.

16/04/2015

With Greece continuing to struggle to secure a deal on it's debt obligations, Standard & Poors today have further downgraded Greece's long and short-term sovereign credit ratings to 'CCC+/C' from 'B-/B', citing worsening economic conditions due to prolonged negotiations between the government and creditors.
"Without deep economic reform or further relief, we expect Greece's debt and other financial commitments will be unsustainable," S&P said.
While Greece denies it's about to default on it's debt obligations, the article below looks at what a Greek default may look like.

While Greece has denied it is about to default on its debt obligations, analysts have started to debate what a default by the country could look like.

03/02/2015

Australia's RBA cuts interest rates to further historic lows, from 2.50% to 2.25% (February 2015)

"In Australia the available information suggests that growth is continuing at a below-trend pace, with domestic demand growth overall quite weak. As a result, the unemployment rate has gradually moved higher over the past year. The fall in energy prices can be expected to offer significant support to consumer spending, but at the same time the decline in the terms of trade is reducing income growth. Overall, the Bank's assessment is that output growth will probably remain a little below trend for somewhat longer, and the rate of unemployment peak a little higher, than earlier expected. The economy is likely to be operating with a degree of spare capacity for some time yet."

Below is the full RBA media release...
http://www.rba.gov.au/media-releases/2015/mr-15-01.html

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.25 per cent, effective 4 February 2015.

20/01/2015

The International Monetary Fund (IMF) has once again downgraded its forecasts for global economic growth.

The global economy will grow 3.5% in 2015, down from 3.8% due to the slumping oil prices, the IMF has said in its January 2015 update to the October 2014 World Economic Outlook (WEO).

The IMF also cut its forecast for the economic growth next year, 2016, to 3.7% from 4%.
“The revisions reflect a reassessment of prospects in China, Russia, the euro area, and Japan as well as weaker activity in some major oil exporters because of the sharp drop in oil prices” the report says.

See the full overview of the World Economic Outlook Projections here: http://www.globaltradingtools.com/imf-downgrades-2015-global-economic-growth-forecast/

The International Monetary Fund (IMF) has once again downgraded its forecasts for global economic growth. 2015 global economic growth forecast down to 3.5%

02/01/2015

“Learn from yesterday, live for today, hope for tomorrow.”
– Albert Einstein

“The bad news is time flies. The good news is you’re the pilot.”
– Michael Altshuler

Wishing everyone a very happy, healthy and prosperous 2015 :)

We’re already in 2015 which will be an exciting year for Global Trading Tools. In the pipeline for this year is an exciting new indicator I have been considering for some time now and this indicator will be released during 2015… more details to come. I have also been working on some great Trading Ps…

28/12/2014

Interactive Brokers to Refund $1.5 Million in Fees & Commissions in Australia
Full article available at: www.onlinebrokersaustralia.com.au/news/interactive-brokers-refund-1-5-million-fees-commissions-australia/

Australian customers of Interactive Brokers will be reimbursed fees & commissions paid to the brokerage for retail margin loans during July 2010 to Aug 2013

15/12/2014

NinjaTrader is an award winning, free to use charting platform used by traders world-wide. For those who wish to trade live accounts through , a broker license is required & currently NinjaTrader is offering discounts on broker licenses until 19th December 2014.

Savings of between $200 to $300 are available depending on the type of license you require, but this is only available until 19th December 2014.

Of course their full feature, award winning FREE to use platform is still available and highly recommended!

If you have any questions regarding these discounts or how credits from your existing lease may be applied to a new purchase, please send an email to [email protected].

16/11/2014

Who is the G20 & what is the G20 Summit trying to achieve?
As the G20 Leaders Summit is being held in Brisbane, Australia this weekend (15th and 16th November 2014, Australian EST) I thought it appropriate to briefly cover what the G20 actually is…
http://www.globaltradingtools.com/what-is-the-g20-summit/

As the G20 Leaders Summit is being held in Brisbane, Australia this weekend (15th and 16th November 2014) I thought it appropriate to briefly cover a common question… What is the G20 Summit ? The G20 brings together leaders of the world’s major economies to discuss, and cooperate on a global basis…

11/11/2014

Please let me know what you want help with in your trading!
I am planning my new content, email newsletters, and some great new training material to address your trading struggles, so please let me know what you want help with below…
https://www.surveymonkey.com/s/MKRGMZV

It’s just a quick survey, a couple of minutes tops!
How often do you get the chance to directly contribute to the topics of upcoming content and training?
Please don’t miss your opportunity to “shape” the upcoming training… https://www.surveymonkey.com/s/MKRGMZV

Thank you!

I am planning my new content, email newsletters, & some great new training material to address your struggles, so please let me know what you want help with

02/11/2014

With the increased volatility we've experienced during last month, here's a great article from Philosophical Economics analyzing "How Often Does the Stock Market Correct?"
Since World War II, it shows we have experienced 10% market corrections just over 20% of the time, and 15% corrections over 12% of the time.
The end of the article shows statistics for the larger corrections (that span longer than 1 year) and references % declines from any prior all-time high.

'Tis the season for corrections, and so we ask, how often do they occur historically? To answer the question, we need to precisely define the the term "correction." If the stock market falls 20% ...

25/10/2014

http://www.globaltradingtools.com/software/easy-load-ninjatrader/tsx-toronto/
Canadian stocks for NinjaTrader in just a few clicks!
Our newest product video... see the 'Easy Load' TSX Canada in action :)

30/09/2014

Yesterday we have seen staff dismissed from Lloyds Banking Group, a major British financial institution, after the Libor rate fixing came to light but what was the Libor rate fixing scandal all about? If you're not sure please read on...
Libor ( “London interbank offered rate” ) is one of the most important rates in the world of finance. Libor rates are calculated for 10 different currencies and 15 borrowing periods, then published daily. Libor is the benchmark interest rate banks use worldwide to borrow from each other and therefore a key component of a bank’s cost of funds in the interbank market.

Libor is widely used as a reference rate for many financial instruments in both financial markets & commercial fields. For example, many financial institutions, mortgage lenders and credit card agencies set their own rates for mortgages, loans and credit card rates relative to the Libor rate.

The Libor rate fixing scandal relates to Barclays, and fifteen other global financial institutions (Source: WSJ), being under investigation for allegedly manipulating the Libor rate between 2005 and 2009.

For a detailed look at the Libor-fixing scandal timeline see http://www.bbc.com/news/business-18671255

LONDON, Sept 29 (Reuters) - Lloyds Banking Group said on Monday it had dismissed eight staff following aninvestigation into the submission of benchmark interest ratesafter it was fined in July by American

09/09/2014

You won’t believe how easy it is to now view ALL of your favorite Canadian stocks in NinjaTrader !

03/07/2014

In today's video I'll show you how to add your share portfolio into a watch list in , enabling you to quickly select the shares you monitor or trade the most when using NinjaTrader.

View your favourite stocks in NinjaTrader with ease! www.GlobalTradingTools.com/software/easy-load-ninjatrader/

Now you've got your portfolio in a watchlist, the next step is to add them to the Market Analyzer, enabling you to easily monitor the current price of shares in your portfolio on a daily basis.. Watch for our next instructional video and I'll show you how to easily do this. — at www.GlobalTradingTools.com/software/

29/05/2014

For anyone looking to easily view ALL NSE stocks (+1,550 stocks) in using Yahoo free EOD data, eSignal, or Interactive Brokers data, we are so pleased to announce the launch of our “Easy Load NSE” (National Stock Exchange of India) equities installer for NinjaTrader.
The NSE product has been a long time in the making due to the complexities in ensuring all our codes worked correctly & seamlessly with the Yahoo Finance data feed, in addition to eSignal and Interactive Brokers.

This took much longer than originally hoped however we’re happy to confirm this has been fully finalised and tested for all NSE codes. A big thanks must go out to Paul Jilek for his fantastic work helping to ensure all our mappings for the Yahoo free data feed are correct.

The release of this product expands our NinjaTrader ‘Easy Load’ equities installer range to four products now, and allows NinjaTrader users to view ALL stocks from many of the largest stock exchanges in the world including:
• New York Stock Exchange (NYSE)
• NASDAQ
• NYSE MKT (formally AMEX)
• Toronto Stock Exchange (TSX)
• TSX Venture Exchange (TSXV)
• Australian Securities Exchange (ASX), and now
• National Stock Exchange of India (NSE).. supports up to 6 different data feeds, including Yahoo free EOD, eSignal, DTN IQFeed, Barchart, Kinetick (free EOD and live) and Interactive Brokers.

For more information on our highly acclaimed “Easy Load” equities installers for NinjaTrader please visit http://www.globaltradingtools.com/software/easy-load-ninjatrader/

You won’t believe how easy it now is to view ALL your favourite stocks in NinjaTrader!

You won’t believe how easy it now is to view your favorite NSE (National Stock Exchange India) stocks in NinjaTrader and manage your Indian share portfolio!

19/05/2014

Stuart Young will be presenting at the Australian Technical Analysts Association (ATAA) Brisbane meeting on Wednesday 21st May, commencing at 6.30pm.

Topic: How to use NinjaTrader software to your advantage.
Venue: Fitzy’s Tavern, Cnr. Bryants Road and Pacific Highway, Loganholme, 4129.
Meeting Agenda: Please see link below.

In this presentation, Stuart will look “under the hood” of NinjaTrader giving you practical information, tips and resources to use NinjaTrader to your advantage. With particular emphasis on the Market Analyzer and NinjaTrader’s highly acclaimed Market Replay functionality there will be something for both new and existing NinjaTrader users.

In addition, we’ll also cover:
• how to setup 2 free EOD (end of day) data feeds;
• 10 NinjaTrader tips you may not have seen before;
• how to view ALL of your favourite ASX shares in NinjaTrader with ease;
• some great additional resources and handouts,
• plus much more!

http://www.globaltradingtools.com/ataa-brisbane-ninjatrader-stuart-young/
If you're in Brisbane please come along and say hi.

03/05/2014

This advisory (23) only applies to NinjaTrader™ users that are connecting to Interactive Brokers. On May 1, 2014 Interactive Brokers is discontinuing TWS versions below 940.0 for API use. Please update your TWS installations to the latest TWS 944.3 prior to May 1, 2014 to avoid any downtime. Users with older Java versions will need to update their Java as well. For more information on these steps please see our connection guide.
http://www.ninjatrader.com/Advisory/Advisory23.php

Vision and NinjaTrader 7