Trading Psychology, Plan & Risk Management
For many traders, their trading psychology and mindset will ultimately determine the success of their trading. In fact, learning how to manage your emotions while trading and training your responses to various trading situations is a very important aspect of maturing as a trader. Many rogue traders that caused huge bank losses failed to manage their trading psychology well.How to Make Money With CFD Trading
So, you want to earn money with CFD Trading. Well, this is not one of those impossible dreams. One can easily earn good money here and that too easily. One thing which is really required in case you are looking out for some profits through contract for difference is good knowledge about the market.Day-Trader and Day-Trading – What is it and How Do I Become One
A Day-Trader is somebody who buys and sells financial instruments, normally on the same day, or within a day or two. Usually the financial instruments are derivatives, such as futures, options, and CFD’s as they have a higher level of leverage. This high leverage gives the Day-Trader the opportunity to make enough returns in the very short period.
Losing is inseparable from trading. Losses will occur, and trying to avoid losses can be the demise of many traders, on all time frames. Whether someone is a day trader or an investor, not accepting losses is a recipe for disaster. Great traders know that losses occur, but they plan for losses and have an exit plan for when losing trades occur. This exit plan is critical, and failing to have one is where most traders end up going wrong in their trading careers.Day Trading – Choosing Stocks Vs Futures
Although commodity trading have been around for hundreds of years, the average person does not know much about commodity futures only from hearing of the high risk involved. In both stock trading and futures trading there’s lots of opportunities to make profit.