|
|
|
Financial Trading - so many markets, so little time
Would you like to make money from trading but don't know how to trade?
Have you heard of others making a killing on the markets and wished yourself in their position?
Trading covers a multitude of sins, or at least a multitude of markets....
Forex Online Trading – An Introduction
The Foreign Exchange Market (better known as the FOREX or FX market) as we know it today was established in 1971, following the abolishment of fixed currency exchanges. Operating 24 hours a day, 5 days a week, the daily currency trades on the FOREX...
Forex Trading - Opportunities for Individuals
Indeed large multinational and individual banks and other major financial institutions have dominated FX trading (also known as Forex trading), but there is a paradigm change in the nature and type of investing. According to one estimate, in the new...
How To Choose A FOREX Broker
Most investors who trade FOREX stocks use a broker. A broker is an individual or a company, who buys and sells stocks according to the investor's wishes. Brokers earn money by collecting commissions or fees for their services.
You should check that...
Mazu e currency program and sports arbitrage trading reviewed
Mazu e currency and sports arbitrage reviewed
The mazu e currency program is a book that tells you how
you can start investing your money into the e currency exchange
system using very little time and very little effort. It guides
you...
|
|
| |
|
|
|
|
|
|
Investors - What Separates the Good Traders from the Bad Traders?
There are many forms of investing online. While I can give you a
list that is a mile long, these are the most common forms of
successful investments. Some of the following know how to invest
terms are:
1. Option trading
2. Future trading
3. Currency trading
4. Stock trading
5. Future trading
6. Forex trading (or) foreign exchange trading
I want to start this investing online critique out with a
story... On a beautiful late spring afternoon, twenty-five years
ago, two young men graduated from the same college. These men
were very much alike. Both, better than average students, were
personable and filled with ambitious dreams for the future.
For the sake of my example, I will set both college graduates off
online trading using a day trading plat form. Through a gift,
both start with the same online investing investment risk
capital, the same daytrading plat form, and the same trading
system with precise rules for entry and exits.
Shockingly, there is a difference. After one month, one
day-trader went broke / bust, while the other day trader returned
a 20% profit.
Have you ever wondered, as I have, what makes this kind of
difference in people's trading? It is not always a native
intelligence, talent or dedication. It is not that one person
wants success and the other does not.
The difference lies within the psychology of the brain. Your
psychological mind set is likely to play a larger role in your
trading online career than your chosen technique or any other
details associated with your day-to-day practice.
Here are some good examples:
1. One person looks at a glass ½ empty, while the other
personality looks at that same cup as ½ full.
2. Someone may look at problems and call them stress, while
another individual looks at troubles as challenges.
3. Another one may look at a ship in a storm as an adventurous
roller coaster ride, while another human being sees the same
situation as a hurricane that has a death call.
I am not the only one to discover this...
In his book, "Trade Your Way to Financial Freedom", the renowned
American psychologist Dr. Van Tharp discusses the role psychology
plays in trading success. He divides trading into three
Ingredients.
In his pie chart:
-- System is 10%
-- Money Management Success is 30%, and
-- 60% pertains to the psychology of thought and emotion.
Tharp discovered that the trader's psychology make up of the mind
has more to do with his success than anything else does.
However, what exactly is the psychology of the mind?
In
short, the psychology of the mind refers to your thinking and
emotional actions and responses to any given situation...In
trading, fear, greed, vanity, pride, hope, jealousy, denial - all
these can affect investment decisions. Although, your aim in the
market is to maximize your profit and minimize your risk,
thinking and emotions often make this easier said than done.
FOR EXAMPLE - Traders, who cannot control the psychological
process of thought and emotion, make the wrong decision - such as
the common amateur mistake of holding a losing position in the
belief that someday it will become a winner.
Loss aversion is a classic mistake. By nature, humans value a
loss. Therefore, you suffer almost twice as much pain losing $1
as you would in gaining $1. Loss aversion compels most traders to
hold a losing stock while it plummets downward. This clouded
judgment clearly contradicts the trading adage: cut your losses
and let your profits run.
Emotional investors hold losing positions because they view paper
losses differently from realized losses. An investor also engages
in other forms of irrational behavior.
EXAMPLES are attributing success as natural and losses to bad
luck.
This is just the tip of the iceberg. When talking about the other
devastating effects of trading, if you do not have the psychology
of your thought and emotions in the proper prospective the
consequences can be devastating.
This is what opens up problems for new traders, and then they
lose manage money very quickly in the markets. Most people
completely wiped out their finances within the first year of
trading. So, as you can see, your thinking and emotions play a
big part in determining whether you fail or succeed, but did you
know that thought and emotion make up two different spheres
pertaining to trading success?
-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-
David Jenyns is recognized as the
leading expert when it comes to
designing profitable trading systems.
Learn how *you* can become one of his
students. Subscribe to eZine at:
trading-secrets-revealed.com@getresponse.com
http://www.trading-secrets-revealed.com
-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-
About the Author
READ my articles; you'll FIND the best trading plans put together. Searching for these on your own, is a needle in a haystack. I trade everyday & my progressive efforts found the perfect system & plans work. These trading systems are unbelievably powerful, yet simple to use. Until recently, I've kept this formula to myself. NOW, I reveal all. CUSTOM ARTICLES AVAILABLE UPON REQUEST :-)
|
|
|
|
|
| Currency Trading, Forex Trading, Forex, Online Currency Trading |
| Offers 24 hour online currency trading for institutions and professional traders. |
| www.fxcm.com |
|
| OANDA FXGame - Currency Trading Demo Platform |
| You can start playing the currency trading market with real market conditions ... The platform was created with the goal of making currency trading ... |
| fxgame.oanda.com |
|
| Forex | Forex Trading | Forex Minis | Online Currency Trading |
| FOREX.com - THE site for forex trading. 24hr commission-free currency trading w/ real time execution and guaranteed fills. Forex mini accounts from $250, ... |
| www.forex.com |
|
| Currency Trading News, Forex Trading News, FX News, Forex News |
| Currency Trading News, Forex Trading News, FX News, Forex News - Daily FX. |
| www.dailyfx.com |
|
| Currencies - Currency Converter & Latest Rates at CNNMoney.com |
| Dec 6 1:18pm ET †, US $, UK £, Japan ¥, Euro €. US $, 0.5079, 115.05, 0.7517. UK £, 1.969, 226.50, 1.4798. Japan ¥, 0.008692, 0.004415, 0.006533 ... |
| money.cnn.com |
|
| FOREX Advisory |
| The CFTC urges you to be skeptical when promoters of foreign currency trading claim that their services or account management will earn high profits with ... |
| www.cftc.gov |
|
| Forex Trading: Online Currency Trading from Global Forex Trading |
| Global Forex Trading is the premier online foreign currency trading firm and a primary market maker. To learn more about forex trading, visit GFTForex.com. |
| www.gftforex.com |
|
| Amazon.com: Foreign Currency Trading: From the Fundamentals to the ... |
| Amazon.com: Foreign Currency Trading: From the Fundamentals to the Fine Points: Books: Russell Wasendorf by Russell Wasendorf. |
| www.amazon.com |
|
| Forex, Online Currency Trading, FX, Foreign Exchange | ACM Forex |
| Forex Trading with The Forex Broker. ACM offers online currency trading, commission-free, tax-free, lowest forex spreads on the market, guaranteed fills, ... |
| www.ac-markets.com |
|
| OANDA FXTrade - Currency Trading, Forex Trading, Online Currency ... |
| Currency Trading with FXTrade, leader in online currency trading, provides real-time execution, free forex charts and quotes, and 24 hour forex trading. |
| https: |
|
| Forex-Day-Trading.com - Currency Trading with FREE Training |
| Learn how to day trade currencies with our free training. Try a free forex trading demo for 30 days. |
| www.forex-day-trading.com |
|
| Forex Online Currency Trading: Welcome to Global Forex |
| Global Forex offers online currency forex trading at inter-bank FOREX rates. Try our FREE online forex demo trading system. |
| www.globalforex.com |
|
| Forex trading - Realtime Forex online currency trading |
| Realtime Forex offers commission-free online currency trading on live foreign exchange prices. Realtime Forex’s currency trading service also includes free ... |
| www.realtimeforex.com |
|
| Forex Blog |
| Forex news blog with daily commentary. Has a good beginner's article. |
| www.forexblog.org |
|
| Common Questions About Currency Trading |
| Whether you're puzzled by pips or curious about carry trades, your queries are answered here. |
| www.investopedia.com |
|
| OANDA FXTrade - Currency Trading Basics |
| Currency Trading Basics. Exchange Rates and Spreads: ... In currency trading, these codes are often used to express which specific currencies make up a ... |
| fxtrade.oanda.com |
|
| Currency trading, free forex charts, news and analysis |
| Online currency trading with technical analysis, charts and forex news. |
| www.gfforex.com |
|
| Finance - Currency-Trading Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
|
| MGFOREX |
| MG Financial Group - Forex, FX, Online Forex Trading. |
| www.mgforex.com |
|
| DirectoryM - Debt Settlement Solutions |
| Simply provide your contact details and describe your needs to receive a free consultation from business or personal debt service providers. |
| www.directorym.com |
|
|