Posts Tagged ‘trading’
Five tips for winning at forex trading
1. Exits are more important than entries Forex traders often over think about when they should enter a trade. Huge amounts of time can be spent looking at indicators, reading news, and drawing lines on charts to try and figure out if now is the perfect time to open a trade. Unfortunately for them they should be focusing some of that energy [...]
Book review roundup – Forex, Turtles, LTCM, Stock market and Randomness
I’ve been reading finance and trading books faster that I’ve been able to review them! Here is a roundup of the last five finance and trading related books that I’ve read. Currency Trading for Dummies by Mark Galant and Brian Dolan Mark Galan and Brian Dolan both work at forex.com which is one of the largest forex retail brokers in the [...]
Always have a stop, and ideally a limit
When trading financial derivatives such as forex, CFDs should you always use a stop? Short answer: Yes! Long answer: Yes you should always have a stop in place – even if you think you really don’t need one. Note that I’m only referring to financial derivatives such as forex and CFDs where you trade on margin. If you are trading or [...]
The Naked Trader by Robbie Burns – book review
Robbie Burns quit his job in 2001 to become a full time trader in the stock market. He has proved to be a very successful trader building up a substantial sum in his ISA pension. In this very light hearted book he explains how he goes about picking the right shares to invest in. He discusses how to understand company finances, how to choose [...]
Bucket shop broker allegations
A regular source of messages on trading related forums such as Trade2Win and babypips is people complaining of being ‘scammed’ by their broker / spread betting company. I’m going to list some of the common types of complaints. Stop chasing One of the most common complaints is that trading companies engage in ‘stop chasing’. This [...]
Live vs demo trading account
If you are new to trading then you may be wondering whether to start with a live trading account or a demo (practice) trading account. A live trading account is one which will require real money to be deposited and then risked in each trade. Of course you will also be able to make real money. A demo - or practice account will allow you to [...]
Trading from the news
Making trading decisions based on live news is a popular way of trading. It is also one of the most difficult trading methods. As a beginner trying to trade on live news will in most cases lose you money. There several factors why it is hard to win from breaking news: 1. Professional traders will have already placed their trades and moved [...]
CFD trading demo accounts
Before you start risking your money with a live CFD trading account you will probably want to try some demo accounts from different brokers. Practice accounts will help you to familiarise yourself with the mechanics of buying and selling, and help to evaluate the various trading platforms that CFD brokers provide. If you are thinking of opening [...]
How much money could I lose trading CFDs?
Before placing any contracts for difference (CFD) trades you should ask yourself the question of "How much money could I lose?". If you are to trade responsibly you should always be focusing on what you could lose, not what you could win. If you are focusing on how much you could win then you are either at high risk of losing a lot of money, or [...]
Why your broker always wins
No matter whether you win or lose your broker or spread betting company should always be making money. Just look at IG Group's financial reports for instance. They are making a huge amount of money every day - their latest trading update for their financial year predicts a profit before tax of £125 million. Clearly allowing people to trade with [...]
