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vickymacklean

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  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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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