Making money from trading isn't just about how good your trading system is. You have to overcome your emotions too.
Emotions can have a large impact on your success as a trader. They can make you respond in ways that dent your performance and lead you to make costly mistakes.
So how can you overcome your emotions when you trade?
Read on to find out…
The impact of psychology on you... ››› more
There's nothing to beat getting a trade right and bagging a healthy gain. It's good for the trading ego.
But the challenge for many traders is putting a trade on. You want to, but uncertainty starts to creep in.
So how can you deal with this?
It will ultimately depend on whether you have what it takes to be a successful trader…
The underlying psychology of trading
When your tra... ››› more
If you start reading about trading systems, you will find a plethora of ideas. People are using all kinds of indicators, chart patterns and even moon phases to make ‘profitable' trading systems around it.
When you're working with a mechanical trading system, you think of a strategy with a clearly defined set of rules that can be automated. When you mention a discretionary way to trade, most p... ››› more
The CEO of NASDAQ-listed Overstock.com recently launched a wiki page to explore the idea of a Bitcoin stock exchange. Patrick Byrne came across 13 other groups working on similar ideas.
He's now created a division within his company to drive this idea from a dream into a reality.
So what's the idea behind the Bitcoin stock exchange? And what would be the advantages of such an exchange?
L... ››› more
Do you notice that more often than not, you probably had the good advice on how to prevent your trading losses before you made them?
But for some reason you just keep ignoring it - and you keep making the same mistakes to the detriment of your trading account.
Today I'm going to re-iterate the four trading tips the novice traders make the fatal mistake of ignoring.
1. Adjust your expecta... ››› more
It's been said that the single most important influence in building equity in your trading account is the size of the position you take in your trades. I disagree.
Let me explain why diversification will keep you poor and the one surprising key you should focus on instead for real trading profits.
Learn from the successful investors in the world
In the book "The Zurich Axioms" (2... ››› more
Ever stop to think how casinos really work and make money?
Casinos rake in tons of cash every single day. Despite the fact that their operators can't predict with certainty which person will be a total newbie or who will hit the jackpot playing slot machines.
And how can it make you a better trader.
The less money you lose, the more money you can make
Well, casinos are able ... ››› more
When you trade, it's so easy to fall into some bad habits. If you can identify these bad habits and stick to a few important principles, then you have the makings of a successful trader. To get you on the road to financial trading success, read on…
Successful trader ingredient #1: Be patient
Whatever type of financial trading you do, don’t be in a rush to put a trade on. If your targets ar... ››› more
With any company, it's always important to keep accurate and organised financial records of how the business is doing.
This will tell you if the business is making a decent income, is growing at a profitable rate or if it's going down a one-way street to bankruptcy!
And with trading, it's no different.
So today, I'm going to show you how to run your Forex trading like a blue chip busine... ››› more
Nothing irritates me more than Forex experts in the trading field that just over complicate things, especially when it comes to analysing the Forex market…
There are plenty of different technical indicators to choose from, but they tend to overlay them with over five indicators
They put indicators into the charts such as, the Stochastic, The MACD, Bollinger Bands, the ADX, blah blah.
An... ››› more
Hands up if you're looking for that sure fire system that banks winners after winners.
Hands up if you're looking for that “get rich quick way to grow your wealth.”
Hands up if you're looking to find those methods where you can predict exactly where the markets are going!
Does this sound familiar? Well this is a classic marketing ploy to try and attract your attention.
But today ... ››› more
Since the beginning of October last year, this trading system hasn't had a single losing trading. And over the past 12 months, the rate of winners over losers is a staggering 84.2%. So how can you get your slice of gains like 105%, 144.93% and 101.04%? Read on to discover the secret…
The real beauty of short-term trading is that it's perfect for making profits in any market. That's bec... ››› more
Trading and investing is difficult. But it's only tough if you don't have the experience.
That's why people rely on mentors to guide them through the markets, to help build that experience to improve their skills - especially if they're just starting out.
The thing is, there are tons of mentors out there... But only a handful of truly good ones...
And after a recent lunch conversation wit... ››› more
We all occasionally lose money on the stock market from time to time…
After all that's part of the trading game.
In fact, there's no such thing as the perfect trading system with a 100% win rate.
And whilst I might not be able to stop you from taking all of your losses, I can help you curb them, and find those winning trades again!
So, in this video I'm going to sho... ››› more
At first glance, investing in momentum shares using a trading system looks like a dumb idea… “I'll catch this stock while it's going up and ride it, and then get off in time.” Who can possibly do that with consistency? Think about it… that assumes that you know the stock is definitely going up. It assumes that you'll know exactly when to get out before the music stops. And it assumes that ... ››› more
I've had a great response from this particular article “It takes just one line to know where the market is going”.
Here is what two people had to say about it…
Yesterday I was asked to make one of those short videos and sum up everything that was in the article.
Well, I’ve done just that for you!
Click here to sum up everything you need to know about this ess... ››› more
Every individual who trades or invests in the financial markets has their own original method of reaping profits from the market.
If you want to design your own moola making method, then you'll first need to watch this video.
Because there are two tools, you need to know about before you even think about trading/investing.
Let's get on with it!
"Wisdom ... ››› more
You've not doubt heard the stock market saying, the trend is your friend. But how do you know what the trend is? When the market is undoubtedly bullish, it's easy to see the uptrend, but sometimes it can be difficult to see. That's when you need to look at trend lines. Read on to find out why the trend line is basic market psychology at work…
Trend identification is the cornerstone of a succes... ››› more
If you decide to sell your shares with a market order, you could get different prices for your shares. And there is the chance that you could end up selling some shares at a much lower value. This is different from selling with a limit order. A limit order means your broker won't sell your shares below a certain price. Read on to find out how selling a large quantity of shares works with a market ... ››› more
Spread trading involves leverage. That means that you ‘borrow' money from your spread trading provider when you put on trades. Leverage magnifies your gains, but it also magnifies your losses. Let's take a closer look at how the margin works when you spread trade…
The leverage in spread trading makes it important to manage your risks, Cris Sholto Heaton explains in MoneyWeek. This is both fo... ››› more
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