Tips For Trading Success on Forex Trading Platforms

What is Missing in Most Forex Trading Platforms

Forex trading platforms used today are all good, for most tasks a trader may have to do. There are however trades where a simple price chart will not suffice.

Forex Trading Platforms and Competitive Trading

Forex trading platforms and even premium market charting packages are designed around clients’ demands. And even though they cover a wide spectrum of indicators and tools. The wise forex trader may need to resort to yet different types of charts from time to time. Sometimes patterns such as price gaps are visible on some charts, but not on others. And sometimes candlestick analysis may yield different results because different charts show slightly different candle bars. And in extreme cases the trader has to resort to point and figure charts or totally different charts. So as to be able to see beyond market noise and confusion. Forex brokers do their best to meet the demands of their clients on charting tools. And they facilitate online forex trading extremely well. Nonetheless, no amount of prepackaged tools and indicators is ever enough when the markets become really confusing and intimidating. And the wise forex trader has to look even further out for clues on market direction. Forex trading platforms help get the job done, but cannot provide all the tools a trader may possibly need. Even premium charting software fails to go this far.

Forex Trading Platforms and Hedging

The wise forex trader often needs to hedge an open losing trade. This is usually a trade which the trader believes will turn around. And the trading platform provides all the tools necessary, such as contingent orders, to manage trade risk quite well. Forex trading strategies focused on extensive risk control through hedging are clever strategies. The main objective is to expect losing trades, always. And to invoke plan B, specifically for that scenario. The wise forex trader identifies strengths and weaknesses on the charts, and prepares to handle both market directions. Market volatility can be thought of as a third direction. Where no lasting trend will ever develop. And volatility itself is more complex than it appears. Traders who understand volatility and know the underlying daily trends of the markets, make the most money. The forex industry is focused too much on day trading. And yet it is a mistake to be a exclusively a day trader. The forex market has all kinds of participants, and the most influential ones are not exclusive day traders. So it’s a good idea to use forex trading platforms for more than just day trading, the tools are available in them anyway.

Pay Attention to the Principle of Probability

The basic idea of probability in forex trading is all about imposing time limits on trades. Trading platforms have not yet evolved to this level, but may do so in the future. The idea is that if a trade fails to show profit of at least an amount X or more, at Y number of hours after it has been opened, then the trade will be closed. This timing has to be adjusted around the probability that a trade which takes too long to become profitable. It naturally starts to become very likely that it will turn into a loser. And it is a concept that many floor traders and veteran forex traders have used over the years. And it does work, because it helps traders avoid large losers while still being at the break-even point.

Live CFD Trading Signals Charts and Analysis

Information About Live CFD Trading Signals

Wise day traders use live CFD trading signals charts and methods, to trade on. There is balance between complexity and simplicity, so that trading makes sense.

Making Sense of Live CFD Trading Signals Live CFD trading signals are confusing and they hardly ever make any logic sense. Unlike investing or swing trading. Day trading is fast, and most trading signals are very simple in nature. Trading CFD profitably is quite difficult, but also very rewarding. Since profitability of even such simple, almost mechanically inferred signals is very high. This is especially true in stock trading through CFDs, when the strategy involves the use of level II stock information. This information is provided by the market, and though not perfect, it does match the needs to day trading. Online CFD brokers can facilitate the actual trading 100%. Even for the most demanding stock day trader. Live CFD trading signals can be inferred out of these level II quotes very fast. And profitability, in the hands of a wise, bold day trader can be extremely high, in the $100s per hour. Compared to the forex market one could make the case that stock day trading on level II offers an edge that forex traders don’t really have. So if you are thinking about day trading stocks, don’t even touch the market before you have access to level II information. As well as a basic understanding of the patterns involved. And as you can probably guess, things can get complicated. But some basic signals are really easy to spot. CFDs make the task easier and better, through their enhanced liquidity. That is something direct access traders don’t have, even to this day. And in fact liquidity has dried up in recent years due to regulatory limitations on the stock exchanges. So the way to go now is combining CFDs and level II quotes. That is the killer combination which allows traders to really make millions.

Live CFD Trading Signals can Be Deceptive

Day trading signals are weird and confusing. Live CFD trading signals based on actual market signals are just as confusing, though somewhat safer to trade. The truth is that you simply don’t know why a stock is going down in a given moment. And the signal may either be a very good buy signal, or a huge sell signal in the making. So making sense of the information is critical, even more so with level II. The good news is that the trader can do some company-specific digging and assess the weekly movement. A good, solid stock is unlikely to produce a massive sell signal out of the blue. Wise CFD stock traders can take things further by carefully analyzing stock charts. Chart analysis doesn’t have to be too complicated. But analysis on level II information has to be complicated and to have certain depth. Because opposite signals can look deceptively similar. Other than that, trading CFD contracts on stocks, profitably, is indeed within many traders’ reach.

Stock Trading is Nice

Forex and stocks are significantly different. But when it comes to fast day trading, stocks may be a better choice. A good CFD trading guide on the other hand will focus on trading commodities or stocks or currencies, the slow way. Because slow trading has its own different advantages. As well as its own unique predictive power. When it comes to choosing stocks or currencies, it’s up to you to decide. But based on some facts alone, fast day trading in today’s markets better favors stock trading. If you do go for forex day trading anyway, then you need to focus on time zone analysis.This makes forex day trading possible, though the trades are still not as fast as in the case of stock day trading.

Trading CFD for Dummies and Beginner Traders

It’s not really as simple as trading CFD for dummies. Rather it’s about trading CFD for dummies who want to explore the markets deeper. These new traders want to match and even outperform the best traders out there. And there is no reason not to be ambitious, because trading is about achievement. Traders need to be careful and choose how they will gain their first education. As there are many misleading information sources online, as well as courses that may be at least in part wrong. Ideally, one wants to learn from a trader who has used CFDs themselves, in actual financial trading. Especially someone who has used CFDs for the purpose of hedging some stock trade. Or speculating on the price trend of some commodity. These trades or investments, are very interesting, and CFDs come in handy, as a way to enhance them and make them much better. CFD trading systems may be about strict directional trading, or about both directional trading and hedging. The benefits of CFDs are found in every trade. Other CFD trading systems are used in recent years by stock option traders. Because on the average stock option trade the stock has to make a huge move just for the option trade to break even. And as a result, many stock option traders could not really profit from small and average stock price movements. At least not in an affordable way. So retail stock option traders, the world’s most sophisticated traders, started employing CFDs on the directional parts of their trades. As a result, they are now able to profit from stock price movements 100%, no matter how small these are. So anybody may use CFDs for the first time, there is nothing to be shy or hesitant about.

Trading CFD For Dummies And Beginner Traders — CFDs are not only very liquid at all times, resutling in best possible closing price. They are also ultra-linear in their pricing, allowing you to profit right from the beginning of the market’s price movement. Even wise stock option traders now use CFDs in the directional part of their trades, because it makes a huge difference to their bottom line. Most of the time a stock only moves by a small percentage, CFDs capture all the movement, to the last cent.

Trading CFD for Dummies where Traders Learn from Scratch

Trading CFD for dummies typically involves teaching all the basics of CFD trading. But traders still may have to learn more about the liquidity benefits of CFDs, which are unique to CFDs! New traders can sue a demo account, or a small live CFD account to see the real thing in action. Things can get very interesting and exciting when one trades a strategy which combines classic and new ideas. Such as trading gold and AUSUSD, or crude oil and USDCAD at the same time. Because traders get to see and explore how one market impacts another, and how forex relates to commodities and commodity stocks. You can be a specialist. But it makes no sense to define yourself as a forex or commodity trader. The focus has to be on the single underlying market, for example crude oil. This market spans over all 3 major markets, stocks, commodities and forex. When new traders familiarize themselves with their CFD trading software, a comfort zone is established. And using CFDs becomes second nature, for many different kinds of trades.

There is Nothing Like the First Profitable Month!

A profit is always nice, but single profitable trades may not mean much. As they are usually followed by a streak of losing trades. But when new traders achieve their first profitable month, making for example $1,000 in profits. Their confidence is boosted and CFD trading is taken more seriously. They know that the idea of trading online made easy is not really true, they know that no profits will come to them without effort. But getting some perspective, and respecting even small monthly success. Helps them think like dedicated professionals even in this early stage.

The feeling of success after a huge commitment and a long pursuit, is very exciting. That’s why every wisely made profitable trade is a vindication of your efforts. Trading CFD for dummies, basic training, and all these fundamentals are not just for boosting your knowledge. But also for boosting your confidence as a new trader. CFD trading strategies for beginners are actually simple and crude. Traders are expected to bring in their own creativity and to modify these strategies and methods. So in effect, this whole entry level training. When conducted by a passionate educator, poses a motivating challenge to the students. And this is priceless, because it helps new traders develop critical thinking and to find solutions to problems. That’s why CFD trading for dummies may even contain some principles that you may some day stop using altogether. If your own principles and ideas make basic training redundant down the road, that’s great. It means that you will have understood the challenge and have dealt with it effectively. Profitable trading is exciting, still somewhat stressful but exciting. Because it confirms that your thinking process was right. And that’s a great feeling. There’s no need to try to emulate other people’s trades or use trade-copying services. Solid trading success only comes from understanding markets and volatility. And with you in full control of your trades. In fact, people who expect to make money copying other traders’ trades are weak minded and unable to see coming failures and losses. So the way to go, is to trade on your own 100%.

Profitable CFD Trading Platforms

Today, CFD trading platforms are available for every kind of investor and trader, to use. No matter their background, generation gap or lack of expertise. Because it takes no particular knowledge and expertise to use a CFD trading account. All focus can go on the markets themselves, and the CFD trading platforms will facilitate all the trading needed. Most CFD brokers will even offer some kind of CFD trading simulator for their clients to use. Such a CFD trading simulator can help even the most unsophisticated classic investor learn and master online trading. This is because CFD platforms are designed for ease of use and fool-proof use. So that placing the wrong trade is difficult. Online CFD dealing has become a very powerful too in the hands of many different traders. They can’t all be fools and certainly they are not all wrong. They chose CFDs because CFD contracts offer them the best liquidity, best linearity, and therefore the most efficient way to trade the financial markets.

Online CFD Trading Platforms — Think of the CFD industry as a harbour for small boats, these are allowed to make all movements, and sea water is allowed to come in. But when the sea gets rough, all risk is kept outside. Large millionare traders are like large vessels outside the harbour, always exposed to the roughness. Small retail CFD traders are like those small boats, inside the harbour. CFD platforms facilitate all the trading you will ever need as a retail trader, through plenty of secure liquidity. That’s what smart trading is about, as opposed to primitive large size trading.

CFD Trading Platforms for Hedgers

Hedgers are traders who trade CFDs to offset part of the risk on other investments and trades. CFD trading platforms allows them to complete the task of hedging, in ways never widely seen 15 – 20 years ago. Not that the markets have become easier to trade, they have become anything but easier. And the liquidity of the stock market has actually been reduced in recent years. But CFD traders are immune to these changes, and they are only exposed to normal market risk. The enhanced liquidity of CFDs makes market risk itself smooth and evenly distributed. This means, that you the retail CFD trader, can place a trade when volatility is low. But you can also place the same trade when volatility is high. Spot market traders are not so lucky, and they don’t have it so easy and smooth at all times. Hedging CFD trading systems are powerful, in the hands of wise traders. Because they can do things that very few traders dream of doing. Trading through CFDs means having the infrastructure to do sophisticated trading.

CFDs are Not for Everyone Exactly – There are Few Exceptions

Multi millionaire and investment bank traders are too large for the online CFD industry. And their trades are too large that they cannot be placed through CFDs. So these guys are at a disadvantage. But for the rest of us, who trade at $100 per pip (point), or less, CFDs can facilitate our trades 100%. With all these benefits mentioned. And there are many cases where the small retail trader has a better risk-reward ratio than those large traders will ever have. Large traders base their strength on their account size, but because they don’t get as good liquidity as retail CFD traders do, they can get into market traps. And when millionaire traders lose money, they are just as likely to be wiped out as anybody else is. No amount of money is a match for the market! And these millionaires and investment banks fail, they fail big. This goes to say that the financial markets are an equal opportunity employer. And nobody has an advantage just because of having a large trading account. Those who survive, do so because of wise trading, regardless of their account size.

Using a Professional Online CFD Trading Guide

Traders lacking confidence and experience still think of new ideas. But due to their mindset at afraid to implement them. Especially traders who use CFDs for the first time, even if they have prior stock or commodity trading experience. An online CFD trading guide can provide encouragement to think outside the box. And to break out of the limitations of peer syndrome. Peer syndrome is the state of mind where we are afraid to take initiatives or give correct answers to questions, fearing that our action is not compatible with other people. And that they will laugh at us. So in fact, most hesitant traders are afraid of what others will think of them. There is of course the fear of losing money, but that comes later. Traders acting on their own are willing to take big risks, and lose money. Without anyone else ever knowing about it. An online CFD trading guide will provoke the trader to think more originally, and this means acting more on their own. And not as part of a team. Trading CFD online profitably is about trading alone anyway. No one ever made millions in the markets trading as part of a team, showing their trades to other people. It’s a good idea to have your past traded reviewed by other traders, but only the trades. There is no need to reveal anything else. Just get their feedback. People who feel the necessity to reveal their strategies to others, often receive too much negative comments, from the wrong people. And this may discourage them from developing these strategies further. Even though these strategies may have some clever approach to trading the markets. It’s not about trading CFD for dummies for ever, it’s about making a step forward into advanced trading. And the CFD guide provides confidence.

An Online CFD Trading Guide will Remind You of a Solution

An online CFD trading guide will remind you of the solution needed, just at the right time. Because we all tend to forget even simple concepts sometimes. And by combining different elements and ideas, the trader might be able to solve a problem. Such as how to hedge an open losing trade. Or how to trade in some unusual way. In any case however, the objective should be to be original and reach unique goals. As opposed to trying to match the mindset of the writer. It is wrong to assume that the writer of a book or trading guide is always more clever and more capable of trading. The reader should still see some aspects of trading differently.

Use an Online CFD Trading Guide — People will never encourage you to take risks or attempt something extraordinary. A written guide however provides valuable information, while at the same time isolating you from negative impact, even from the writer themselves.

Overcoming Peer Syndrome

Traders lacking confidence should not get into chat room discussions about current market trends. Because the majority of these discussions leads to the wrong decision making. Even veteran traders in those chat rooms and forums, make nonsensical analysis on the markets, and misleading comments. By getting away from these discussions, the trader is free to act more on their own. And not to be afraid to express their opinion directly in their CFD trading account. And that’s when the best trades occur. Traders who hang around chat rooms and forums are pursuing the elusive dream of trading online made easy by others, for them. Only to find out later that third party opinion was wrong and the markets did the unthinkable.

Market Dynamics That Is Going To Make History.

Market dynamics that is going Asian Shares Mixed as Stronger Yen Caps Gains in Nikkei
Stocks in Asia showed a largely muted reaction to record levels in the U.S.
WSJ

Nasdaq Notches Another All-Time High
“Benign drift” expected to continue; Oil prices slip from two-week highs
WSJ

Dollar at One-Month High Against Pound
A flurry of mixed U.K. data follow country’s interest-rate cut and June’s Brexit vote
WSJ

Oil Falls on U.S. Production Forecast & OPEC Resolve Doubts
U.S. output may decrease more slowly than previously expected
WSJ

Gold Prices Reverse Losses Amid Weaker U.S. Dollar
Analysts add negative rates in Japan and Europe should help prevent a rout for the precious metal
WSJ

Currency Market Volatility at 18-month Low
Investors “lazily buying risk” based on central bank supplied liquidity
WSJ

Asian shares hit a 1-year high, dollar slips on weak U.S. data
Oil falls on oversupply; calls for producer meeting met with skepticism
Reuters

Germany’s DAX hits 2016 high, boosted by Wall Street and earnings
Nikkei slips on stronger yen; Gold rises on weaker dollar; platinum group metals surge
Reuters

Productivity Slump Threatens Economy’s Long-Term Growth

Measure’s longest losing streak since 1979 could keep Fed from raising rates to past levels

Why Investing in Toothpaste Is an Expensive Proposition

Global staple companies are in a trickier spot than their formidable track records or high stock-market valuations imply

The problem isn’t just that competition has intensified. It is also that dividend yield has come at the expense of dividend cover: Management teams have doled out an ever higher proportion of earnings to keep shareholders on board. This squeezes the money available for reinvesting in brands.

Why Did Productivity Fall? Look To The Price of Oil and Gas

Falling energy prices have resulted in a dramatic decline in mining jobs in the U.S.

Growing Stress in Dollar Funding Could Fuel Another Greenback Rally

For international banks, the cost of accessing dollar funding has climbed to its highest level in several years

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