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vickymacklean

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About vickymacklean

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  1. Obviously, your dream would be to see yourself as a successful trader. Unfortunately, only a few traders like the Singaporean traders pursue their dreams. Why does it happen? Why do some traders fail to pursue their dreams? Actually, most naïve traders enter the market without any dreams they focus on generating money, so they end up being gamblers. To be honest, some traders purposely become gamblers and some others become gamblers unknowingly. Let us look at both the types. The traders who become gamblers on purpose are the ones who trade the market ONLY to make money. They keep on trading like gambling in casinos. They do not have rules, plans, strategies, or methods to trade rather they just trade. On the other hand, the traders who gamble the market unknowingly are the ones who become addicted to trading. They trade the market with the market knowledge and information but once they face profitable trades, they end up trading without a limit and it leads to failure. Addiction is one of the serious illness in Forex trading and it should be treated before it is too late. If a trader wants to become a successful trader in the long-run, he should be disciplined in trading. You should read the article to avoid seeing yourself as a gambler. Trading is not related to gambling. You have to take a calculative risk and find the right trade in favor of the market trend. In order to understand the nature of the market, you must learn the three major form of market analysis. Use these three sets of skills and develop a unique but simple trading strategy. Before using the new system, always backtest its performance in the demo account. Find whether you are gambling The hardest part of trading is to identify whether you are a trader or a gambler. Most naïve traders struggle at this point. They don't even know whether they are trading or gambling the market. Since you don't have to follow any rules or guidelines it is likely for you to get induced by gambling qualities. It is not like every trader's face this issue, most traders face this issue because Forex has a wide range of opportunities. They try to seize all the opportunities. If you are a trader you should act like one starting from the selection process of the online trading platform. If a trader doesn't care about being successful he wouldn't spend much time on the selection process. Anyway, you can easily identify whether you are a gambler or a trader. There are three major factors such as you would maintain a trading journal, trading plan and you would be discipline to stick to the plan. If you do these, call yourself a trader if not, call yourself a gambler. Find the way a gambler trades There are different ways a trader and a gambler trades. If you are a trader, you would take time to analyze, anticipate and read the market. You would think twice before entering into a trade. Above all, you would worry about your trading account. On the contrary, if you are a gambler you wouldn't anticipate, analyze or read the market. You would be just trading the market intending that any time you might make a profit. Understand the Forex market, it is not a casino, it is one of the greatest financial markets. Find the traits of a trader and a gambler You cannot remain in the market without knowing the traits of a trader and gambler. To mention roughly, if you are a trader you would have the traits such as trading strategy, trading plan, trading journal, trading edge, and much more. If you are a gambler you would have the traits such as no edge in trading, no trading journal and much more!
  2. Many people trade in Forex and they have many other sources of income. If you think this market is good for you because you can make plenty of money and you should leave the other market, you are wrong. This market is risky and you can lose your money anytime. Most of the people who have traded in this industry have many other sources of income and this article will tell you why it is not the right choice to make this your only income. You can think of the professional traders but they also have many other sources that you do not know. Most of these professional traders have invested their money in other places and they are getting an interest payment every month. If you are a common trader and think you should become a professional, you will still need other sources in your life. The new traders should always consider trading as their second source of income. Those who are trading the market as their primary source of income has intense experience in the retail trading industry. If you believe that trading is the perfect profession for you, you should take some professional training from the experienced traders. They will be able to give you a clear guideline so that you don’t lose any significant portion of your investment. Do you know why the majority of the traders are losing money in the retail trading industry? Most of them are trading with huge mental pressure. Before you consider trading as your full-time profession, you must have financial back up for six to eight months. This will give you mental relief which will eventually help you to take a better decision in the market. Trading CFDs is just like running a complicated business. You can’t afford to take steps without any organized plan. If you do so, you will have to lose money. Making mistakes at the initial stage is accepted but you should learn from your faults. Try to develop your trading skills and devote yourself to gain real-life experience. Concentrate on the basic rules of investment and trade safely. You can lose your investment any time The thing that makes this market risk is there is no way you can tell if you are going to make a profit in your next trade. Most of the people think they will make money but they lost their investment. It is common for the professional traders also. They also cannot win all the time and they have always their strategy developed in this currency trading. When you are thinking you will leave your office to concentrate on this profitable industry, also know you can lose your money. This investment that you are making is subject to market risks. This is why it is always advised to start trading with a small amount of money. It will keep your money safe and you will know you cannot lose much money. You need money to start again if you lost investment This is very common in this currency trading and many people lost their money. They do not stop and they open their account again. If you are thinking you will make this your only income source, how will you get the money when you lost it? You need to have another profession to make money that you can invest. If you are becoming professional, you can also give advice and give professional courses like the other traders for making money. This market is always risky and even the best traders cannot tell if they are going to make money in their trades. If you are doing office, do not leave and trade with doing offices. It will help you to keep your mood on. You will have lost money and if you do not have other works, you will be depressed.
  3. It is easy to say trading is a great career but it cannot be easily done. If you want to run your trading career it is important to be a dedicated individual. Only a dedicated person could manage himself as a successful trader. Most Australians are traders by profession because they are successful in trading and they have the dedication towards it. On the other hand, the naïve traders enter the market with the dedication to earn "MONEY" which is why they fail to remain in the market. Their intention is not about the trading career. They focus on becoming rich although it is impossible without dedication. Not only CFD traders but also other traders should not miss the factors that we mention below. These factors may lead you towards success. You can easily become successful through patience, hard work, dedication, and passion. Being a successful trader is very hard. According to the recent study, almost 90% of the traders are losing money. Do you know why they are losing money? This is because the new traders don’t know how to execute a trade at the perfect time. Surprisingly the novice traders always trade with a big lot at the wrong time. This is where you need to bring some change. Stop thinking about the profit factors of this market. You should be more concern about your investment or else it will be really hard for you to become a successful trader. Just like the traditional business, create a valid strategy. Start using a simple system to find profitable trades. Even if you lose trades, never become frustrated. Wait on the sideline until you get the best trades. You earned it, so hold onto it It is not simple to earn profits by trading. You should work hard and plan properly even if it is just one trade. If you had worked so hard to earn it, don't let it go. If you look at an Australian trader who focuses on CFD trading in Australia, you can clearly see how hard he tries to hold onto the profits earned. It is not at all easy. As a trader, you should never miss planning because it is like a map that keeps you on the right route. You should plan as much as possible and let the plans be super excellent. It is never simple to get into profitable trades, so if you come across any don't let it go. Moreover, when you risk a certain amount you should remind yourself that these were your hard earned money. You shouldn't risk carelessly. You should take time to evaluate whether you are ready to handle the comebacks of this. If you can continue to make profits you are on the right track. You are handling, so do it Similar to the above scenario, you are the one who is handling the trades, so you know when to walk out. If you anticipate any losses, do not think twice to walk out. You have all the liberty to make your own decision. In fact, liberty is the main reason to trade CFDs. You are no more obliged to listen to your boss's voice. If you are blessed with such a career you should know to protect it. None of the traders should miss enjoying their liberty to take own decisions. Most traders panic at the last moment and they tend to lose control of their grip, so it leads to failure. You know the value, so value it Majority of the traders don't know the value of reading and researching. Only a very few traders take time to read but it is something that all the traders should do. As naïve traders, you should never miss reading something about trading because it may help you learn something important. If you know the value of reading and researching, you would simply do it.
  4. In many articles, you would have read that 95% of the traders fail in trading but sadly, the internet is full of fluff and unreliable information. Even if it is true why do you need to care about that? If you want to become successful you should not care about the ones who are failing rather focus on the ones who are making an effort to win. If you look at the traders in the United Kingdom they have been trying and succeeding in trading because they don't focus on the negative information. If you want to become as successful as they are you should also think about the bright side of trading rather than the tantrum of negativity. Actually, the 95% static is not proved so it is just a general view so you need not think about it. There are naïve traders who have the potential to succeed yet they cannot reach the maximum due to this general statement. There are many facts that are psychologically proved when a person forced to believe on something it is very hard to take him out of it afterward. Likewise, most of the traders believe that they cannot succeed or the possibility to succeed as a naïve trader is low. Actually, it is not true each and every naïve trader can succeed in trading if he or she works hard for it. It is the matter of dedication. You are responsible for your trading result If you say that the market is manipulated and no one can make a consistent profit you are absolutely wrong. You have to understand the fact that losing is just a part of your trading career. As a new trader, you have to be extremely determined to learn about the nature of this market. Without having a clear idea about the structure of the forex market, it will be impossible for you to make a consistent profit. Always consider the longer term time frame and try to place a trade with a simple trading system. Never trade this market based on other people opinion. If professionals are making money, why can't you You should think positively in all the time. If professional traders can make money why can't you? They don't use any magical online trading platform or strategy. They are also using the same platform that you are using so what is the difference? You should understand the major difference between you and the professional traders. The major difference is that having a barrier in reaching the potential. The professional traders do not have a barrier to reach the potential or they did not consider anything as a barrier. They believed that they could be among the 5% of successful traders although it was just a statement. What you should understand is your thoughts matter a lot in trading. You should have positive thoughts if you want to become the successful trader and if you want to make money by trading. What is the major problem seen among naïve traders Actually, when considering the facts regarding why naïve traders find it hard to make money it is mainly because of the negative thoughts but then, there is another factor as well. Most of the naïve traders do not focus on the strategy so they just use some random strategy which is not the proper ways to trade the market. You should analyze the market risks before you enter into a trade. Believe that it is possible to make money You should not think that it is not possible to make money by trading because it is possible. You can easily make money by trading if you have the trust in yourself. If you lose hope you can never become a successful trader. So, like the professional traders, you should also believe that it is possible to make money by trading.
  5. vickymacklean

    You have been trading in this market and you want to know about the strategy that everyone is looking for in forex. This strategy is the strategy of the strategy, one can kneel down the world with this strategy and become the most successful traders this forex market has ever known. It is the strategy has been buried in the sand of Egypt and guarded by the pyramids. This is the forex Holy Grail and this Holy Grail is the way you can have your dreams come true in forex. After reading this article you may think we have hired a scriptwriter for our article. We have not and this is why many people cannot get out of this idea of Forex Holy Grail. This market is big and many scammers try to get the money by telling them about strategies that are to give them good profits. It is like what happened in the movie, “The Polka King” when the polka singer said he would give the investors 12% interest when the bank only gives 3. When you try to get this Holy Grail, you should read this article. It has not got any maps that can show you where is Holy thing is but can give your idea about this thing. Do you really want to make money in the trading industry? If the answer is YES, you need to learn a lot from the professional Aussie traders. Trading is not an easy task. You have educated yourself about the proper knowledge of forex. Most importantly you will have to learn to control your emotions. Making the same mistake will not help you to become a better trader. You need to ask yourself what type of trading system will suits you the best. Some new traders might not find the answer perfectly but this is really a simple job. You need to assess your personality to find your trading system. If you love to take the risk, scalping is the perfect solution for you. On the contrary, if you want to trade the higher time frame data following conservative trading method, you need to become a long-term trader. But no matter which trading system you follow, you must have to trade the market with low risk. All the successful Aussie traders in the options trading industry are making tons of money due just by risking a small portion of their account capital. There is no Holy Grail It is good that we tell this to you with no waiting that there is no Holy Grail in forex. It may sound hurting to you as when you type for forex Holy Grail, you will have many tab opened by your browser. It is not because you are looking for it but because scammers have them published on the web and they get to you when you look for this grail. You will not get this Grail in the form of a hammer like Thor, you will also not get this grail in the form of some magic wand like Harry Potter, but you will get this grail in the form of a very successful strategy. You will find that many people are offering you a book with a strategy in it that no one even knows. This is the strategy of the market that can be used in all trends and you can make the profit. If you think with some logic, you will understand why it is never possible. If cooking can be done with one ingredient, you would not have needed all the things that you had in your kitchen right now. Trading in forex is profitable with strategies that can use in these markets successfully, you cannot except that you will make the profit with a short long-term strategy in the volatile market. There is no Holy Grail and there never was. It is all a made-up thing by the scammers.
  6. Becoming a successful trader in the online trading industry is not easy. You have to work really hard to learn the basic details of this market. Most of the new traders start their trading career without educating themselves about the dynamic nature of this market. As a result of this almost 95% of the traders loses money in Forex market. But who are the 5% people making a consistent profit? These are the smart investors in the trading world. They know very well about the importance of proper trading education and they never take risk more than 5% of their trading capital. Many people in Australia have mastered the art of trading within a very short period of time just by the devoting themselves to the proper education of Forex. You need to learn how to stay on the sideline and wait for the most profitable trade setup. Never trade with your gut feelings If you trade this market based on gut feelings than you are going to blow your entire trading account within a short period of time. Sometimes you might have some big winners but this not the perfect way to trade this market. You have to learn to control your emotion or else you will start overtrading the market just after funding your trading account. Overtrading is often considered to be the most dangerous enemy of the full-time trader. It forces the traders to trade with big lot size and ultimately the traders lose a significant portion of their trading capital. By any means you have to learn to control your emotions or else you will never see the face of success. Success so hard that if you don’t love trading as your full-time profession than you will never overcome all the obstacles. A single trade enough to secure whole month profit Trading has nothing to do with high-frequency execution. If you can place the perfect trades in your online trading account than a single trade will be enough for you to support your whole month financial need. But if you trade with a very small trading account than the case will be a little bit different for you. Instead of placing hundreds of trades in every single month trying to find a single quality trade setup. Assess the risk factor and place your trade with precise stop loss. If the trades go wrong there is nothing to worry since you will lose a small portion of your trading capital. Losing trades are inevitable in Forex and you have to embrace it. Human beings are not programmed to accept the losing trades. To become successful in Forex market you have to reprogram your mind to deal with the frequent trading loss. Fundamental factors and high impact news release It’s very obvious that the new traders will get excited prior the release of high impact news data. But the professional traders always stay calm in such situation. They know very well that by taking aggressive mood nothing can be achieved in the Forex market. Instead of placing random trades you need to assess the fundamental data to get clear about the movement of the price. Some retail traders often say that doing the fundamental analysis is extremely hard but if you stick to your trading system than within a few months you can easily learn the pure basic of the fundamental analysis. Being a retail trader you have to overcome lots of trading challenge. Most importantly you will have to stay on the sideline to make a consistent profit by executing high-quality trades. Some traders often rely on the indicators reading too much but this doesn’t make any sense. Try to trade the clean chart and trade with proper risk management factors. Never take too much risk in any single trade even though you are 100% satisfied with the trade setup.
  7. In your trading career, you should be careful because there are many factors which you should consider. You should bear in mind that money is everything in the market. If you don't manage the money properly you will not be able to become successful in the market. If you consider the Singaporean traders they are successful in managing the money so they were able to carry out their trading career successfully. Without managing the money succeeding in Forexmarker will be just a dream. If you want to make your trading dreams a reality you should make sure to manage the money successfully. There are many money management concepts through which you will be able to handle the money in the market. You should have the trading skills, confidence, risk tolerance and techniques to trade the market. Each and every trader will have different methods of trading the market so you should make sure to develop your own method. You should try not to trade the market through another trader's technique because you will not be able to become successful by walking on another person's path. There are many ideas which you will be able to use in order to manage the money. You should not risk based on another person's view instead you should try to risk based on the individual's preferences. You should analyze the market and based on it you should make the decision. Let us discuss more on this article. You should not risk a fixed rate You should not risk a fixed rate from the account because if you do so you might face higher risks and lose more. You should not risk the fixed amount because it may cause you to wipe your account permanently. If the account gets wiped out you will not be able to bring it back to normal so make sure to trade carefully. You should be careful when selecting the online trading platform, dealing with the money, and many other things in the market. Some naïve traders lose in the market due to risking more than their affordable rate so you should be careful not to make such mistakes. If you don't manage the money in the market you cannot become successful because money is everything in the market. If you want to become as successful as the Singaporean traders you should make sure to follow the proper pathway. You should analyze leisurely Why do most of the traders lose money in the market? Because they fail to analyze the market before trading. The naïve traders do not take the time to analyze the suitable trading strategy or they do not take time to check whether the market is tradable. They just trade the market without given prior concern to certain factors. If you don't analyze the market you may lose a lot so make sure to analyze the market. You should know how much to risk How much to risk? You should trade demo accounts to know your performance level so when you demo trade you will understand the amount to risk as you have practiced on the demo account. Though we are saying money is everything but the beginners often misinterpret this statement. It’s not your money rather your investment. You need to learn to save your investment even during the extreme level of market volatility. Never place your trade if you not sure about the trade setups. It’s always better to stay on the sideline other than losing money in the online trading industry. Those who are successful have complete knowledge about money management system. Instead of looking for the Holy Grail in the Forex industry start working with your trade management skills. Maintain a trading journal and learn from your mistakes. In every weekend assess your trading history so that you can find your faults to improve your trading system. Be practical and trust your analysis.
  8. We know that this question has been in the mind of many traders since their opening of their accounts. This is very common as we see the brokers that they are always busy with their traders. They are giving them bonuses, they are giving them services and they are always happy to help you when you need. If these brokers are so selfless and they can give anything to their traders, how do these brokers make their money? This is a very good question and we would like to answer this with our article. This article will open your mind and you will see that your wonderful broker is not so wonderful after all. They are taking your money and they are also rich. Most of the time these brokers will try to make a profit with your money and you will never know. This is the ultimate article that will tell you how these brokers are making their fortunes with the traders’ money. Learn to trade first Before you think about your brokerage firm profit factors it’s highly imperative that you master the art of trading first. Majority of the traders are losing money in the online trading industry due to their lack of trading knowledge. In fact, many novice traders even don’t know about the Introducing broker trading conditions. As a currency trader, it’s your duty to explore all the details of your trading environment. If you don’t know about the advanced features of your trading platform then it will be really hard or you to make money. In fact, some brokers have specified trading rules. For instance, you might not be allowed to scalp the market or hedge any open position in the financial industry. Knowingly or unknowingly if you do so then you might even get banned from that broker. So it’s highly imperative that you learn about the Introducing broker trading conditions. There are three major sections which every trader should learn. The technical part will help you to find the profitable trades in the online trading industry whereas the fundamental sections will help you measure the overall strength of the market trend. Last but not the least is the sentiment analysis which you will develop over the period of time. Once you have these three sets of skills look for the best Introducing broker trading conditions to start your career as a full-time trader. Remember the fees when you place every trade? If you can remember, you are always giving some money to your broker whenever you are placing a new trade. This is the charge that brokers take from you as their fee and this is how they make money. This is not the only way to make money but this is one of the most common ways. we think that this is how they make their fortune but you will be surprised to know that these brokers have so many sources of income in Forex. They are no less than professional traders and sometimes bigger than professionals as traders have to trade with them in Forex. They also trade on their own account These brokers also trade on their own account. Just because they are a broker and you are trader does not mean they cannot trade the market. These trade way more than you and they are also successful in their career. They make a lot of money by trading in their own account. Their account is also large and the profit they make is also big. They also trade on managed accounts These brokers also trade on the managed accounts. Managed accounts are accounts that have been opened and invested by other people but the broker is managing that account. If they make a profit, the account owner gets a share and so does the broker. This is a profitable idea for traders who like to trade the market with money. If you think you cannot make a profit, just give it to some brokers who will do that for you.
  9. Although there are many naïve traders who use the social trading as a great tool there are traders who do not know to handle it. There are some naïve traders who do whatever the leader or the trader whom they are following says to do. They do not use their own skills in trading which is not at all good. You should trade the market with their guiding but not solely from their words. If making money in the market was easier everyone would have become millionaires by trading so bear in mind if it is hard you should give your best to succeed in the market. Actually, the real trader community is something very important for both experienced and inexperienced traders. It is important for experienced traders because they will be able to play many parts in the market if they consider social trading. So, the investors and the traders who have been achieving success in the financial market can showcase their success through the social trading websites. Sometimes with the lack of knowledge, you would have assumed that social trading sites are useless and boring but now it is the time to change your assumption. Let us read further to know the real goals of the trading market. What is the goal of social trading As we alluded above, if you have been having the wrong assumption it is time to wave ‘goodbye' because now we will explain the real goal of the social trading. To be honest, the real trader community is to help one another to become a better trader in the market. So, it is almost a genuine way of helping the traders to become successful in the market. As professionals will be guiding the naïve traders to trade the market it will be efficient and effective as well. If you love trading then social trading is the best place you can either share your experiences or trading strategies with another trader. Naïve traders can learn new strategies from the professional traders so it is a like a platform to help one another to trade better. One of the roles is becoming a follower If you think that a trader is trading successfully and if you believe that it could be beneficial you can simply follow the trader. When you follow the trader you eventually become a follower and a trader so the social trading makes you play many roles at a time. If you become a follower you will be able to watch the moves of the professional whom you are following. So, you get to shape up your trading by learning from the professional trader. If you have any doubts you can even clear it by seeking guidance. One of the roles is becoming a helper If you are an experience or successful trader you will be able to help the fellow traders in the real trader community. If you become a part of the social trading community you can share your trading methods and techniques so it makes you a helper and you can sharpen your methods even better. So, you should understand the whole social trading system successfully. There are many things that you need to master to become successful in the investment world. You might say that you will learn every bit of details of this market by reading books and articles. But in real life trading, you must get in touch with the experienced professional to know the precise way to execute high-quality trades in the extreme market condition. The experienced traders will help you to develop your trading career in an organized way. Never try to live your life alone as a currency trader. Try to meet with new traders and share your knowledge with them. Learn how they are dealing with their losing trades and share your secrets to success.
  10. Majority of the retail traders trades many types of currency pairs. The currency pairs in Forex are major and minor pairs. The major pairs are the most used pairs and they have US dollar in them. When US dollar is paired with another currency in Forex, we call this pair a major currency pair. When US dollar is not paired, it is called minor currency pairs. Most traders like to trade with the major currency pairs in Forex as US dollar makes up more than 80% of Forex transaction. When you are trading with major currency pairs, you need to know things that can make trading more successful. Trading the majors has always some added advantage. It's true that as a trader you will have access to all the possible trading pairs in the world but this doesn’t mean that you will have to trade every single one of them. The expert Aussie traders at Saxo always prefers major currency pair in their trading since they know their movement is relatively more stable. You can make a huge amount of money by trading the cross pairs but to do so you need to use a very wide stop loss. On the other hand, if you scalp the market then the synthetic pair will be extremely risky for you. You need to understand the associated risk in trading or else it will be really hard for you to develop yourself as a trader. Know the correlation of currencies Many major pairs in Forex have the correlation. When the price of one pair goes up another pair goes down. This correlation is very important for you. If you want to make money by trading with major currency pairs, you need to know the correlation. Many traders trade these market by knowing the price level of the currency pairs because they know the pairs are correlated. It’s not like that you have known all the correlation to become a profitable trader in the Forex trading industry. There are many other parameters which you need to follow to become a successful trader. For instance, if you don’t learn about multiple time frame analysis then it will be really hard for you to understand how this market really works. In fact, many trades will hit your potential stop loss price and go in favour of you. When you do the technical analysis make sure that you use the higher time frame data since it is one of the best ways to avoid the false trading signals. And always remember that being a beginner you should only trade the major pairs. Investment market Major currency pairs are used in Forex trading and they can be changed by investment markets. Forex itself is an investment market. When you trading with major pairs, know the news of investment market. Most of the time, these investment market can tell you if the market is going to be volatile. Forex fundamental technique is based on Forex news. If you want to get the most from your pairs, you also have to know the news of investment world. The price of minor pairs is not changed but major pairs can be changed as they are used in Forex more than other pairs. Traders like to trade the market and they know the news of the investment from different markets to keep their investment safe. If you know the dollar is falling in price, you will not buy the dollar. Practice hard Practice in Forex with your major pairs. One pair cannot give you money all the time. If you cannot make money, you can change the pairs and start practicing with new pairs. Trading with more than one major pairs can improve your profit growth in Forex. Traders know they can make money from pairs if they trade the market with strategy and analysis. Practice always when you try the new strategy with your pairs.
  11. How do the successful traders trade the market? How do they focus on the market changes? How do they analyze the risks? As a naïve trader, it can be difficult for you to focus on the market changes or to analyze the risks. But if you focus your gaze onto the Australian traders you will understand that they are successful in trading. You should learn the ways how the successful traders achieved the success in the Forex market. As the naïve traders, you should learn a few things through it you will be able to trade the market successfully. You cannot target profits without a proper plan to make sure to have the proper trading plan. When trading the Forex market you should maintain a proper plan and successful trading techniques without those it will be difficult to cope with market risks. You should use the flexible trading strategies to trade the market as it is the best way to control the complexity of the market. If you want to become successful in the Forex market you should read the remaining article. Psychological aspects What about the psychological aspect of the trader? If you consider the psychological aspect of a successful Forex trader it will completely be stable. The successful traders would know the way to react to losses and profits. If they gain profits they will be glad about it but they will not become over-excited. If they face losses they will not be worried because they are confident to target the next best trade. If they are naïve traders they will find it hard to control the emotions so such traders should get the support from a mentor. A Forex mentor will help the naïve traders to establish psychological aspects of trading. Stop Losses Most of the traders find the step of placing the stop loss as the hardest step. The professional traders are successful in placing the stop losses at the right time. How do they know the right time to place stop loss? The only answer is through their experience level so as the naïve traders you should improve the level of experience. If you want to place the stop losses at the right place you should work on practicing it. In Forex trading you should not use the complex strategies because it will cause you to lose in the long run. Related Risks There are traders who use the same percentage of the equity to risk on a trade. Actually, it is a good rule but it should be used in a proper manner to gain success. If you are not experienced in the market you should not risk more than the affordable rate. As a naïve trader, you should trade the market only if you are able to risk the amount which you can afford. In order to become a successful trader, you should work on improving the strategies, psychological aspects and the risks managements so make sure to handle in a proper manner. Use money managed to set your goals The use money management in setting up your profit taking level is very popular for the professional trader. For instance, let’s say that you have risked near about 50 points in single trade. So as a professional trader you should aim for at least 100 points of profit. The idea behind this is very simple. Try to trade this market with at least 1:2 risk reward ratio. If you assess the trading history of the professional trader then you will be surprised to see that they even trade this market with 1:4+ risk-reward ratio. If you risk a single dollar in the Forex market then make sure that you will win $2 if the trade goes in favor of you. Follow this simple rule of money management and you will never lose money in the long run.
  12. The Forex market is a very big market and every single day many new traders are joining this online market. In comparison with other professional trading has the high-profit potential in terms of profit. But making money is not so easy. Many traders have considered it as an easy task and at the end of the day, all of them have lost a huge amount of money. Most of them considered trading money making the machine. In fact, it’s a money making machine but you must know how to trade it. You have to devote yourself to the proper learning process. There are many things that you have read and learn by heart. If you skip any of the lesion in the Forex market, then you won’t survive in this market. Though we have many ways of trading the market still we might develop one unique trading system to place our trade. In our today's article, we will learn how to deal with the RSI indicator and trade with price action confirmation signal. What is RSI indicator? RSI indicator is a leading indicator which means it will give early trading signals to the traders. Most of the professional traders at Saxo use it to find the overbought and oversold condition of the currency pair. If the value of the RSI indicators stays above the 80 mark, then we can assume that the price of the certain asset is most likely to fall since it’s in an overbought condition. On the contrary, if the value of the RSI indicator stays below the 20 mark then we will look for buying opportunity since the market is in oversold condition. Support and resistance level Use of indicator is very much popular among the novice trader. In fact, most of them often overload their trading charts with tons of indicators. But in our system, we will be using only the RSI to trade the key support and resistance level in the CFD trading industry. So you can easily understand that in order to trade the market with RSI indicator we must have the proper knowledge to identify key support and resistance level. Support and resistance level are the major reversal zone in the Forex market. Most new traders use the lower time frame to find their key trading levels. But if you really want to execute high-quality trades in the online trading world then you need to use the higher time frame. In lower time frame the traders face too many false trading signals and it’s really hard for the new guys to identify the quality trading signals. But when you use the higher time frame you filtering out the noise to find best possible trade setup. Price action signal and RSI reading The expert currency traders always wait for the price to hit a major reversal level. For instance, if the price of certain asset hit the major support level in the global market then look at their RSI reading. If the value of the RSI reading is less than 20 then they look for bullish price action confirmation signal. On the contrary, for the bearish price action confirmation signal, the value of the RSI reading must be above the 80 market. Trading the price action confirmation signal using the RSI indicator is very profitable. As a professional currency trader, you must use the higher time frame to do your technical analysis so that no trades are being stopped out by the false spike. Being new to this industry you might often trade the market without any price action confirmation signal but in that case, you have a high chance to lose the trade. Since the RSI indicator is leading indicator you must use other trading parameters like candlestick pattern to find the best possible trading signal.
  13. Many traders of this investment sector like Forex market as their playground. They think they can trade here all day and when they are not trading in Forex, they are losing money. This tendency of traders leads them to trade the market like a sprint runner in the Olympic. When you are in Forex sector and investing your money, you always have to keep one thing in your mind. This trading career is not a sprint that you are looking for. It is the very opposite of sprint and it is a long marathon race. Traders can hardly survive in Forex market because of their trading mindsets. As long as you are not treating this market with respects and preparing yourself to trade the market for a long time, you are not going to see success in your career. It is important that you take your decision in Forex and investment sector on the basis of long term results, not what is going to happen tomorrow or next months. You need to love and respect the Forex market. All the professional Swiss traders love what they do. They simply don’t trade the market for making money rather they consider it as their passion. If you don’t have passion in trading then it will be very hard for you to overcome all the obstacles in your trading career. How is it like a marathon? You may wonder why we are saying Forex trading is a marathon career. We have always known that traders do not need to spend all of their days in Forex. It is the only market which frees them from their office and duty. You are on your own and you can trade anytime and make a profit. Think of the day traders and scalpers of Forex industry. They are making quite a good amount of money but still, they are not trading the market for every hour. How is it then like a marathon? It is a marathon in a sense because you cannot make a profit when you enter the CFD market without having any knowledge. You have to wait for a long time to develop your understanding and learning of the Forex market. You will make mistakes and through all of these, you will reach your goals. This is how professional traders have reached the stage that you are dreaming now. If you want to make a dramatic entry, you cannot do that in Forex. You will have to trade patiently and wait when you will understand the market trend to trade successfully. You will never know what the market has in store for you but when you are trading and preparing to walk a marathon career, only the best can happen to you. Learn the perfect way to trade Keeping things simple is one of the best ways to master the art of trading. Most of the new retail traders rely on the complex trading system thus they lose money. But consider the professional traders at Saxo, you will be surprised to see that every single one of them is using very simple but effective trading system. If you are not sure about the right trading system then consider the learning price action trading system. This system is based on the formation of the Japanese candlestick pattern and experts uses it to trade the key support and resistance level. Though it’s a very effective way to find quality trading signals yet you should always trade in favor of the trend with strict money management plan. No will ever give you the guarantee that a certain system will generate profit 100 percent of the time.
  14. Una piattaforma di trading online è un programma di software per computer che aiuta a creare punti di mercato virtuali in varie parti del mondo. Ciò significa che con l'aiuto di questo software è possibile piazzare diversi ordini finanziari con un intermediario finanziario tramite internet. Questi ordini finanziari possono essere di vari tipi, come obbligazioni, titoli, valute, beni e, soprattutto, i diversi derivati di intermediari finanziari come la borsa valori, le banche d'investimento ecc. Nell'attuale scenario, le piattaforme di trading online sono largamente popolari in tutto il mondo grazie alla loro facile accessibilità, alla facilità d'utilizzo e varie altre caratteristiche vantaggiose. Le migliori piattaforme di trading in tutto il mondo offrono numerosi vantaggi per i loro clienti e utenti. Vengono discussi di seguito alcuni di questi tratti vantaggiosi - 1. Facilità e accessibilità singola: Con l'aiuto di una sola piattaforma di trading online è possibile accedere a ogni azione e transazione che si svolgono in tutto il mondo. Inoltre, sarai in grado di rimanere in contatto con tali questioni da qualsiasi parte ti trovi. Tutto quello che ti serve è una connessione a Internet. 2. Eliminazione degli intermediari: Le piattaforme di trading online offrono l'opportunità di omettere i broker dalla tua attività commerciale in qualità di intermediari. Non avrai più bisogno di dipendere da nessuno per prendere accordi per il tuo piazzamento di ordine e per le transazioni. 3. Evitare il bias di intermediazione: A volte il broker che nomini tende a sfruttare l'affare. Questo è noto come bias di intermediazione. Ma se non c'è un broker, non c'è possibilità di un bias di intermediazione. Le piattaforme di trading online offrono ai propri clienti la possibilità di evitare tutto ciò. 4. Flessibilità e perfetta transazione: Le piattaforme di trading online sono disponibili 24 ore su 24 e, a meno che non ci sia un errore di server, si ha un accesso infinito a questi siti web. Questa funzionalità ti offre l'opportunità di effettuare le transazioni da qualsiasi luogo e in qualsiasi momento della giornata. Inoltre, la procedura di transazione attraverso il trading online è ininterrotta e può essere fatta rapidamente. 5. Accesso ai rapporti di ricerca: Al giorno d'oggi la maggior parte dei documenti di ricerca può essere trovato su internet in moduli PDF. Le piattaforme di trading online consentono l'accesso ad alcuni importanti rapporti di ricerca da parte di esperti che potrebbero aiutare la tua azienda in grande misura aumentandone il tuo profitto. 6. Attenzione personale e avvisi: Il servizio clienti delle piattaforme di trading online si prende grande cura degli individui che le utilizzano e inviano avvisi di investimento via mail o tramite messaggi di testo ogniqualvolta sia necessario. 7. Risparmio di tempo e denaro: Con l'aiuto delle piattaforme di trading online, fare una transazione importante e piazzare un ordine finanziario è una questione di secondi e può essere fatto molto facilmente. Ciò consente di risparmiare molto tempo prezioso. Inoltre, le piattaforme di trading online omettono le spese inutili che sarebbero state destinate a un intermediario e il software stesso ha un prezzo ragionevole. Oltre a tutti questi vantaggi, le piattaforme di trading elettronico sono trasparenti poiché offrono tutte le informazioni necessarie e i loro siti possono essere gestiti anche dai novelli del trading.
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