Forex Pairs That Always Retest

Day Trading CFDs for a Living

Day trading contracts for difference (CFDs), stocks or indices, has become popular in recent times. The popularity of day trading has been largely due to numerous advertisements for money making systems, seminars and educational courses that guarantee overnight success. Many of these courses also profess to be low risk and require only a small capital outlay. The truth is, trading is hard work, the more time you devote developing a successful trading plan the more likely it is that you will succeed, however you should be aware that success will not come overnight or without losses.

CFD Trading and Managing the Risks

Like all financial products there are risks trading CFDs. Risk is generally linked to returns, the riskier the investment the higher the potential returns, however if risk is managed correctly it can be significantly reduced. When trading CFDs this can be done through the use of stop-loss orders and simple portfolio hedging. This article explains the key risks associated with trading CFDs and what can be done to reduce them without having an effect on the significant returns that CFDs can provide.

The Battlefield Of Discipline in Trading

You need to understand that no amount of goals setting without discipline can lead to success. You cannot succeed in trading without discipline. No one can succeed in any business let alone trading without absolute discipline. Discipline is the bedrock of successful traders. It’s the discipline that separate human accomplishment from human failure, successful traders from unsuccessful traders, winning trades from losing trades

Trading Psychology: How Important Is It?

If you are a student of the markets, or if you have traded to any large, then you are probably very familiar with the term “Trading Psychology.” The question I hear most often is one that asks how important is trading psychology when it comes to making it as a professional trader. As a futures trader, I can say without a doubt that in my own trading, my frame of mind is one of the most important, if not “the” most important part of profitable trading.

The Power of Your Mind in Financial Trading

It’s part of normalcy of human behaviour and attitude to initiate argument with reality of trading, but I am only writing not from theory point of view but pragmatic. Desire is focal point of all achievement. It is the master key to unlock ingenuity and unfathomable success in any field of endeavour in life. It’s this desire that will make you think trading as a business, perhaps will make your ultimate monetary dreams a reality…

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