How to Get Back on Your Feet After Continuous Trading Losses

Most of us traders have been there, incurred so many losses, so many times that we’re actually unsure of whether or not we should continue trading. Well we’re here to tell you there’s nothing you morally did wrong (unless, of course you cheated to get on top) you might have made some common trading errors that a lot of beginners tend to make.

We’re here to help you get back up when trade financially and emotionally hits you hard in the stomach and reminding you that you can’t let one streak of losses ruin all your chances of succeeding in the future.

Understand What You Did Wrong

This step is extremely very important because before you can get back up and think, “Okay, I got it this time,” you need to know what you did wrong to fail the first time around, if you don’t do this you’re just in for even more losses. There are basically two types of losses that a trader can go through;

A statistical/normal loss:

A statistical loss is one which is incurred mainly due to some sort of overvalue or undervaluation that might have effected your trade strategy, this type of loss can also be called a normal loss because it is normal for a trader to often at times lose. The fact of the matter is that there will be losers in a trade as well as winners, statistically speaking, even if you employ the most winning trading strategies, a certain percent of you will definitely be losers.

Emotional loss

Emotional loss is pretty self explanatory, all traders are humans, and human beings sometimes do let their feelings and emotions get in the way of their work. Emotional loss also refers to losses made when you let your inner feelings such as desire for revenge, greed or over confidence get in the way of you and your real trading objectives. You can even feel pressurized- especially if you’re a full time trader to gain as much profit as you can and this can lead to losses if you’re not able to handle the pressure properly.

2. Understand That Everything Takes Time

Time is everything when it comes to trade, if you come up with a good strategy; do make sure that you give it enough time before you start doubting it and coming up with new ones. Your trading edge needs at least a couple of tries for it to prove its effectiveness, don’t get demoralized just because it doesn’t work the first time around because the odds will not always be in your favor and that is something you will need to deal with as a trader.

- See more at:  https://goo.gl/qmQEJf

Russian Markets Not Immune to Brexit’s Political Risk

Russian politics is celebrating this week the prospect of weaker European foreign policy, with many Russian financial experts weighing on the likely impact on Russia. Alexei Kudrin, former Finance Minister, believes that Russia will not be affected by a Brexit: “We can be sorry about the British leaving the EU. But there will be no catastrophe, even though financial markets will go through a brief period of instability”. 

Russian Economic Development Minister Alexei Ulyukayev declared on Thursday: “I believe that the markets have already taken under consideration the possible volatility and all the risks are taken into account. So I do not see any more risks”.

This view was also supported by some Western analysts. Michael McFaul, former US ambassador in Moscow Tweeted Friday: “Shocked by Brexit vote! Losers: EU, UK, US those that believe in utility of a strong democratic Europe. Winners: Putin.’

While any immediate economic impact on Russia might be muted, there is a real risk that the medium term political impact could have severe consequence for the outlook of the Russian market. 

This risk begins with the process of Brexit decoupling. Though it is understood that a British exit will take at least two years, what no one can factor in is just how orderly this process will be. As reported in the Financial Times, Stephen Weatherill, professor of law at Oxford University said: ‘Leaving the EU is a daunting challenge with no clear precedent. Brexit would unwind economic relations of ‘incomparable complexity and depth’.

Add to this the uncertainty, and potential ‘domino effect’ effect the Brexit could cause within the European Union, and there will only be further volatility.

Unpopular immigration policies across Europe has seen a growing rise in anti-establishment parties. A June poll reported by the BBC and released by the Pew Research Centre, found that only 51% of respondents across 10 European states still favoured the EU. France and Greece had unfavourable responses of 61% and 71% respectively.  In the unlikely event that a large integrated economy like France left the EU, a multi-year downward pressure on commodity prices would be the least of the market’s concerns.

-See more at:  https://goo.gl/JKYLdZ

Is it Possible to Make Currency Trading Your Career?

Ini semua tampaknya benar-benar cukup mudah bukan? Terutama jika Anda mempertimbangkan kenyataan bahwa itu tidak setiap hari bahwa Anda mengalami seseorang yang melakukan perdagangan forex yang sukses, Anda secara otomatis menyimpulkan bahwa tidak bias sangat banyak orang di bidang ini dan jika tidak ada banyak orang di bidang ini, itu akan mudah untuk naik ke atas dengan pengetahuan dan pelatihan yang tepat, benar? Yah, saya benci hujan ke seluruh parade Anda tetapi kenyataan dari masalah ini adalah bahwa meskipun fakta bahwa tidak banyak orang membuat perdagangan mata uang sebagai profesi mereka, orang yang melakukan, begitu kuat- kita membicarakan miliarder Soros- jenis kuat bahwa Anda tidak bisa berharap untuk menurunkan atau menemani di atas. Jadi pengaruh apa pun yang Anda pikir Anda mungkin memiliki lebih dari orang lain hanya karena Anda memikirkan cara baru menghasilkan- lupakan itu karena Anda dan rekening bank lima ratus dolar Anda tidak menjalankan ke dalam setiap uang cepat dalam waktu dekat.

Jika ini tidak menghalangi keinginan Anda untuk mendominasi pasar pertukaran mata uang maka Anda perlu tahu bagaimana pentingnya bagi Anda untuk dapat mencapai pendidikan yang layak yang Anda akan butuhkan untuk pergi ke bisnis perdagangan mata uang. Anda harus bersedia dan mampu untuk berinvestasi dalam pendidikan pasar untuk menghindari Anda benar-benar dibantai di pasar. Ini tidak pernah merupakan keputusan yang bijaksana untuk melompat ke hal-hal tersebut tanpa mengetahui semua hasil yang mungkin dan menghitung pergerakan Anda terlebih dahulu, Sama seperti Anda tidak akan memutuskan untuk beroperasi pada manusia tanpa terlebih dahulu mendapatkan gelar Anda, Anda perlu menghindari hanya melompat ke dalam pasar untuk berdagang tanpa terlebih dahulu mendidik diri sendiri atau dididik oleh para ahli pada awalnya.

Pasar forex adalah cair yang berarti bahwa itu terus changing- mengalami fluktuasi dan semacamnya. Ini cepat dan tak terduga dan pasti, ini mungkin berarti bahwa Anda dapat membuat uang cepat, tapi apa itu juga berarti bahwa Anda dapat kehilangan uang seperti cepat- jika tidak lebih cepat. Karena mereka terus berubah, sulit untuk diprediksi di pasar forex mengenai uang dan undang-undang pemerintah kecuali Anda salah satu dari orang-orang tembakan besar dengan koneksi orang dalam.

-Selengkapnya di: https://goo.gl/5FKG1W

How to Think Like a Successful Trader

You’re at it again, you’re spending the day sitting before a chart and bickering with yourself over what trading card to play next.

You think you have it, you feel the adrenaline coursing through your veins as you watch all the signs point towards profit and success for you, success so close you can almost taste it but wait!- there’s a shift in the trade, and it’s unexpectedly moving against you, your shoulders sag, both your stomach and your mouth drops.

You wait and watch in dismay as the trade continues to move against you and then that’s it. You’ve lost, again, you’ve made the same mistakes you made the last ten times.

What you need to realize is that you can’t help what you’re feeling but what you can do is try and make a change. As a trader you need to understand that emotions and feeling often take over all logical thinking and successful traders keep their feeling in tow when trading amongst doing other things.

Successful Traders are Fully Aware of the Workings of Their Minds

To think like a successful trader you need to develop an understanding of your mind, especially when you are trading, a good trader knows his limits and what his goals are, he does not easily get distracted by other unimportant things while trading. Good traders know what it is that will motivate them and what kind of thoughts they should be having while trading that will have a positive effect on the way that they trade. So to get the mindset of a winner, first get to know your mind and get to know it well.

They Know the Importance of Being Biologically Healthy too

What most traders don’t realize is that their biological condition has the ability to greatly impact their mental stability while they trade. Something as simple as taking deep breaths at the right time could have been the difference between you losing or you winning. The mind and the body are linked together instead of getting worked up and letting the adrenaline take over them, successful traders exercise and know well enough what the advantages of being healthy are.

-See more at: https://goo.gl/t4YrA6

How to Trade With Your Gut

The best traders are observers and anticipate their moves beforehand; this is called the “gut feeling”, every trader should rely on the gut feeling while trading as it is something that will undoubtedly establish to a higher degree as you gain your experience in the market.

Gut feeling can be understood by starters if we call it trading inspiration as well as high hopes, this is a very significant and dominant tool that you will need to develop to move up into the top 10% outstanding traders.

Gut Feeling and Price Action Trading

The various strategies that the trader uses will eventually become common facts to the experienced trader and as time goes on, the traders’ gut feel will help him determine if a trade is worth taking or not. Sometimes the trader may not even know why he is choosing the side of the market and not the other but his experienced mechanism will build up his thinking level, while he makes decisions the more experience and exposure that he has gotten with the charts and price action, the more prompt he will become.

It won’t come very quickly and will require lots of time of practice and experience but as you look at the charts and price actions, the gut feel will develop along with the development of strategic thinking.

Practice Makes Perfect

A lot of professional sports players have put in massive amounts of effort and practice and because of this; they have been able to go pro, they have played with a wide range of different players and this is what gives them the gut feeling to what their opponent’s next move will likely to be, this gives them leverage out on the field, much in the same way, in your trading strategy when you’ve put in enough screen time, you will start to develop the gut feel. There are many more situations where gut feelings takes place, whether it be sports, trade or other more practical fields in life, but in all, it surely requires experience and commitment for development.

Being Objective

There might be and most often are two views to something in a market, one trader might see a chart and think its convincing and the other might think that it’s vociferous. So, it would be best for you to view the market objectively rather than subjectively, if a chart looks very long, you may have a gut feeling that it’s wrong and although we can’t see it, our subconscious mind is being objective, it is having a view from the opponents side and guiding us to that view. Therefore, our subconscious can be objective without us even knowing because it sees the other point of view in a trade based on our previous experience on it.

Are you a trader who uses their gut feeling often while trading? Do you feel like you need to start developing your gut feeling? Be sure to let us know!

- Source from: https://goo.gl/pPHoLn 

Countdown To The EU Referendum: Can The British Government Avoid Brexit?

The countdown begins. Within a month, precisely June 23rd, the British will vote to determine its future within the European Union. This is coming in the midst of doubts of what the outcome of the referendum will be. The uncertainty is already being seen in markets across the globe. It needs to be determined how we all got here, the keys are now offered on a historical query that can trigger a process hitherto unexplored. No nation has ever left the EU block. How then will the block manage if the eventual outcome of the Brexit referendum turns out to be unfavourable to the block?

Who Can Vote in the Referendum?

All British citizens that are 18 years and above, Irish and Commonwealth citizens living in the UK , along with British citizens residing abroad  who have been on the electoral register in the last 15 years. European residents in the UK may not vote.

Can Spain Claim Gibraltar?

Although Gibraltarians are not lovers of the community project, but they are ready to defend themselves so long as it gives them a solution to the difficult relationship they have with Madrid. For this reason, all political parties of the Rock are campaigning within the EU block. According to the treaty of accession of the United Kingdom to the EEC in 1973, the Rock came as a "European territory for whose external relations the UK government is responsible for."

The Spanish has emphasized on several occasions that London does not want to leave the block. Although, according to British newspapers, if that scenario occurs, Madrid could take advantage of it to return to claim sovereignty over the Rock 

What is the Official Position of the British Government?

Given the popularity in recent years, the Eurosceptic UKIP were the ranks 'Tories' which pushed David Cameron to convene the referendum. The 'premier' is campaigning for permanence. But to avoid internal revolt, he was forced to give freedom to his people to defend the position that most convince them. Half of the Conservative MPs, including five ministers, are campaigning for the exit. The most significant case is Boris Johnson. The former mayor of London had always defended the European project, but now advocates leaving the club. According to analysts, more than conviction, by a sheer strategy to prepare his way to party leadership.

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How to Control Online Trading Investment Losses

One might wonder why a profit/loss account is necessary when investing is about extreme highs and extreme lows the simple answer to this is that investors are only human beings. When taking a loss, investors too get disappointed and demoralized; to be a disciplined and courageous investor, one must adopt a strategy like the profit/loss account.

What is the Profit/loss Account?

A profit/loss account is a plan that sets a limit of loss or gains that a retail investor will take on a stock; it’s a sensitive strategy as containing losses is an important part of forex trading. A profit/loss account enables a trader to recognize what they do wrong in failed trades that result in losses and helps them avoid making the same mistakes twice.

Working Out Your Plan

Working out or deciding on a plan may sound like an easy task, but really it’s the hardest part about the whole profit/loss account strategy.

To start, you need to decide on the maximums and minimums that can’t be the same for each stock that you hold. To effectively devise a plan, you must use your analytic skills as a trader to understand that each stock needs individual attention and the trader needs to learn how much the capacity of each stock to move in either direction is, to do this most investors use fundamental analysis while some use technical analysis or even a combination of both these techniques to determine the right limits for gains and losses.

Something that also needs to be taken into consideration when a trader is deciding on what profit/loss account is to be formed is your patience and ability to withstand risks amongst other factors like your time frame and characteristics of the trader.

- See more at:  https://goo.gl/zkqy3v