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jameshallow07
What problems are you facing as a trader?
på
Nya Handlare
Feb 15, 2017 at 12:34
There is one problem which seems universal to all the traders which is: Performance anxiety. At times even a single poor performance or group of performances create the view of “downtrend” in the performer’s mind as it leads to the effort of correction which only exacerbate the problem. However, the other times, even the changed circumstances can also increase the performance anxiety. If the pressure of bring in better results hovers, it all can shift the mindset of the trader. It can also be seen as the change in trader’s mood.
The key to success
på
Allmänt
Feb 14, 2017 at 12:24
Nice post!
How about "Live" trading?
på
Nya Handlare
Feb 13, 2017 at 11:15
One year of trading experience is just not enough to share strategies or concepts because you learn a lot during or after the first year of live trading. One should always be focused on the long term strategies for better returns & should be ready to take short term losses to better learning. As written above, traders have their own trading style & strategies. It is important for them to believe in the strategy & be sure of the results.
Best pairs to start?
på
Nya Handlare
Feb 12, 2017 at 07:19
You can start with basic pairs like EURUSD and GBPUSD which are highly volatile & offers best opportunity in the market.
What kind of trader you are? Part time or Full time?
på
Allmänt
Feb 09, 2017 at 10:54
Trading part time is actually a good way to formulate some or lot of extra income. With any type of trading, what is first important step is that you educate yourself in respect to whatever income method you are choosing. Make sure that you set alerts, use stop losses, trailing stop losses and strategy for the best possible results. With the handful of tools & tactics, you can definitely bolster your income with trading.
How to build a good trading strategy?
på
Allmänt
Feb 08, 2017 at 10:55
Benefits of building a good trading strategy:1. Strategy which is based on set proven rules. It helps to bring prove results and also removes the human emotions from decision making.2. Strategies which can be back tested based on history to see if they are worth before actually investing real money.3. Strategy based back testing also helps in verification for associated cost so that the trader can check potential profits realistically. This hypothetical profit may look attractive but a brokerage commission may change the equation. 4. Strategy can be an automated one to send alerts, gives pop-u...
Which Broker to choose for US resident?
på
Erfaren Traders
Feb 07, 2017 at 11:07
Most of the US brokers do not offer good leverage and have a lot of conditions attached to opening an account. In case you want to open account and you are from US, I would recommend you to do your complete research and make your complete analysis before you do it.
How to Be an Expert in Forex Trading: Some Tips
på
Allmänt
Feb 06, 2017 at 14:53
Step 1: Don’t ProcrastinateStep 2: Practice more and more of tradingStep 3: Learn from your mistakesa. Develop a Strategy & stick to itb. Do not over trade on the demo accountc. How to become a successful traderForex trading can be worked with an internet connection from anywhere in the world. We talk about technological developments, these help in all over the world. Thus, Forex traders are usually blessed with strong growth potential and lifestyle would certainly help a lot in long run.
How to Be an Expert in Forex Trading: Some Tips
på
Allmänt
Feb 05, 2017 at 07:31
Investors have a troubling trait i.e. the more vagueness we face, the more anxious we get. The uncertainty of world event scares us. We have desire for somebody to make sense of it. However, no one can predict future. We are usually attracted to experts who claims what lies ahead for the economy & the market. Expert portfolios generally do not beat the market on a risk adjusted basis during the period of study. Holding this portfolio assists one to minimise the unnecessary risk which is not likely rewarded as a simple market index which has a diversified portfolio as a better option.
Avoid trading on macroeconomic data(brexit)
på
Nya Handlare
Feb 05, 2017 at 07:30
The macroeconomic data releases can be actually be absolutely opposite of what it expected which can ruin your news trades immensely. However, news traders can be very smart to place trades during the news hours or after few minutes of news to take advantage of the opportunity. Forex markets are highly derived by the macroeconomics releases. So, even if you are trading technically, it is mandatory to look into the data to save your trades from losses.
Best pairs to start? newbie here...
på
Nya Handlare
Feb 01, 2017 at 15:40
Trade only in major pairs like GBP, EUR, JPY and AUD. These currencies have very volatile market and thus, have greater opportunities to trade and earn. New traders usually trade in difficult currencies/ not so volatile currencies which result in huge losses. Thus, it becomes further difficult for a new trader to stay in the market for a long run.
HOW TO CHOOSE A GOOD BROKER?
på
Nya Handlare
Jan 31, 2017 at 13:33
In my 2 years of experience, I would say choose a broker who facilitates good customer support system with right offerings. If you are opting for a broker with extraordinary offerings, you would end up getting betrayed. Choose your broker wisely, make your analysis with patience & try all the brokers that you find reliable in respect to regulations, funds security, account types, deposit requirements and support system. If you find any unfavorable it’s and bits, investigate & then check people’s opinions.
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