To all those who did not dedicate - The Swing Trading Guide
To all those who did not dedicate - The Swing Trading Guide
To all those who did not dedicate - The Swing Trading Guide
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7.1 optionsXpress<br />
A Practical <strong>Guide</strong> to <strong>Swing</strong> <strong>Trading</strong> by Larry <strong>Swing</strong><br />
optionsXpress is a discount broker that has many features to help the swing<br />
trader. While the name suggests a specialist in options, you can trade stocks,<br />
bonds, and mutual funds as well. optionsXpress also has a unique autotrading<br />
service c<strong>all</strong>ed Xecute SM which we use for several of our services including QQQ<br />
<strong>Swing</strong>s, OEX <strong>Swing</strong>s, DIA <strong>Swing</strong>s and SMH <strong>Swing</strong>s. In the near future you will<br />
also be able to trade our Option<strong>Swing</strong>s service using Xecute SM . If you are a<br />
subscriber to one of our services, our trade recommendations go directly to<br />
optionsXpress and they can automatic<strong>all</strong>y place the buy and sell orders in your<br />
account. This is particularly convenient for subscribers <strong>who</strong> are unable to watch the<br />
market.<br />
For swing traders, optionsXpress has a feature c<strong>all</strong>ed One Cancels Other<br />
(OCO). Once the trade is placed, both closing sell orders can be placed<br />
simultaneously (the limit and the stop order) – when one is executed, the other is<br />
cancelled. By the time this book is published, optionsXpress will also have a<br />
feature that <strong>all</strong>ows a buy and sell order to be placed simultaneously. <strong>The</strong>y continue<br />
making improvements based on the needs of their customers.<br />
Autotrading means that optionsXpress can executes your QQQ <strong>Swing</strong> trade<br />
recommendations automatic<strong>all</strong>y based on your specifications in your brokerage<br />
account and sends QQQ <strong>Swing</strong>s trade alerts.<br />
optionsXpress offers additional features that are valuable to <strong>all</strong> investors:<br />
• Streaming real-time quotes including after hours prices<br />
• High-speed execution<br />
• Low commissions (e.g., $19.95 for stocks, $14.95 for mutual funds and up to<br />
10 options contracts)<br />
• State-of-the-art charting, technical analysis and order entry<br />
• Up-to-the-minute commentary and market statistics<br />
• features specific<strong>all</strong>y designed for options traders – the ability to place easily<br />
trade c<strong>all</strong>s, puts, spreads, straddles, strangles, butterfly’s etc.<br />
• tools specific<strong>all</strong>y designed for options traders including Option Dragon (a<br />
screening tool) and Option Pricer<br />
• Options can be traded in retirement accounts and custodial accounts<br />
You can open an account at http://www.optionsxpress.com/<br />
Visit: http://www.mrswing.com/ or email: larry@mrswing.com
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