Page 169 – XTrade

The Online CFD Training Plan of the Wise Trader

Online CFD training for new, yet serious traders, needs to be flexible and interesting. On average, new people are more likely to experiment with new ideas, and probably fail in the process. But once in a while, they might discover something really good. These new traders, on one hand they lack experience and know-how. But they make up for it, through their curiosity. Just like young kids eager to get out and explore the world. These kids shape their lifetime logical and scientific curiosity during those early years. So even though they are playing, these are the kids whose curiosity may change the world tomorrow. Online CFD training should be along these lines, and allow new traders to shape their curiosity. In doing so, they learn to be competitive, secretive, and to look for that edge in trading. New traders tend to practice currency trading in intense curiosity. And as they make progress through the learning curve, as they do finally achieve success.

Good Online CFD Training Has to Allow for Mistakes

Online CFD training needs to be tolerant of mistakes and mad ideas. Because even out of mistakes good things can arise. On the contrary, if the training is too restrictive and full of rules, the new trader’s creativity will be confined, and motivation to explore the markets deeper will be lost. Any implementable CFD trading system needs to be tolerant of at least some mistakes. So for example as to allow for few small, almost random trades. Or trades that will fade one indicator. This will help the trader learn how to spot amazing trades. And also how to deal with losing trades where one has to accept they were wrong, and close the trade fast. Traders who follow rigorous trading rules find it very difficult to change market direction. As confirmation bias and wishful thinking cloud their judgment. And this is evident in the forex charts, movements that defy belief occur all the time. And no set of rules can easily define them. In practical terms, the trader needs to learn using large size stops, hedging methods, and to expect volatility. The market is not actually right, rather it tends to overshoot the expected price level all the time. Only volatility can help estimate where that level approximately is.

Volatility Does Not Allow for Tight Stops

Contrary to what many educators will tell you, market volatility doesn’t allow for the use of tight stops and low Risk-Reward ratios. Any serious CFD trading system is focused on proven, trade-specific statistics. And this statistics tells us that tight stops are for weak traders, lacking the ability to see what’s unique in a trade. The specific trade doesn’t care about the statistics of your money management system. And it is in fact these money management requirements that in the case of many traders, dictate the size of those stop levels. So each trade should be regarded as unique, and traders need to forget about rigid money management rules. Traders who fail to analyze trades on an individual basis, end up capturing only 10 to 20 pips, out of 80 to 200 pip movements. And on the risk side, they tend to lose often, every time the market retraces against them. The trader using large stops doesn’t suffer such losses. And even when they have a large losing trade, the market setup and trade criteria may still be intact, so as to allow for a new trade. A trade that will recapture all the loss. CFD training doesn’t have to be trading CFD for dummies, it can be a whole more than that. But traders need to overcome their fears first, and treat losing and winning as parts of the same thing. They cannot get one without the other, so they are both acceptable.

Κράτα το

All about Online CFD Trading App Tools for Mobile Users

A CFD trading app, can help the user-trader enhance any slow trading strategy. Through identification of pivotal levels on the market charts, and other valuable information. A good CFD trading app serves the purpose of lessening the workload of the already experienced trader. All of these tools however are designed for trading on the move. Hence they are not suitable for very fast trading. Especially under volatile conditions. Online CFD trading is a serious task, and this requires a certain amount of concentration. This is why intensive, time-sensitive trading cannot easily be achieved in public places. As even the minor distraction can make the trader lose focus, and make a poor decision. Traders however who trade slowly, and want to get updates on their open trades and the market, are much safer. Their lower volatility CFD trading system, allows them to do that while away from their desk. In any case however, wise traders learn to be patient and think hard before making a trade. Even wise day traders. New traders just need to be careful not to be fooled into believing that these apps will do all the work for them. Because they won’t. These trading apps simply assist in the completion of the task. The thinking and decision making is always left to the trader.

Where a CFD Trading App Excels

In some cases, where a complex, sophisticated CFD trading system is used. Which includes both position trading and day trading, the CFD trading app user has an advantage. Because such an app can be used to perform the time consuming and precision-critical task of trade size. So that the trader knows exactly what the size of a small hedging trade should be. The longer term position trade reflects the daily trend of the market in question. Whereas the smaller day-trade reflects the hedging trade, which is smaller, but needs to be placed properly. Inevitably, the software makes the assumption that the daily trend of the market will not really change. This is quite a safe assumption to make, but not absolutely safe. Another assumption would be that the market will move against the daily trend, for about 3 days. A smart trading app, based on these relatively safe assumptions can help. Because it will calculate the exact hedging trade, either one trade lasting 3 days, or 3 individual trades. Traders and investors use such apps all the time to calculate short term risk in their portfolios. Using the right size hedging trade is critically important. And traders have to do this while on the move, right from their smartphones, and without having to use a pen and paper to calculate the numbers. An app calibrated on the trader’s parameters can do the job in no time, and very accurately.

Time Management

Trading CFD for a living may or may not require the trader’s extensive attention. Basically, the smaller a CFD trading account is, the more actively the trader needs to trade, to generate profits. And these trades require even more time to detect and evaluate. So even for these traders with small accounts, a good app can be used to detect and evaluate market signals while on the move. And the trading itself can be done at home if the trader prefers to work at their desk. By making wise use of all available time to analyze and assess the market from a smartphone app. The trader will be able to filter out many false, or ambiguous signals. Ideally, one would want to assess major trading signals twice. Once as soon as they are detected. And once more later on, with a clearer, less biased mindset. Sometimes, as the market changes during the short time elapsed between different checks, something happens. Not only is the trader more unbiased in their judgment, but also market price itself may validate a new signal.

Attending an Insightful Online CFD Course for Beginners

Finding a good, insightful online CFD course is tricky, but it helps to get advice from actual traders who already have attended. A good, really useful online CFD course should provide enough food for thought. So that the beginner trader gets the motivation to explore markets deeper, all through the benefits of CFDs. Profitable CFD trading systems were not gifted to successful traders who use them. They were created gradually, through curiosity and basic principles. These wise traders have attended courses and read many books on trading. And they learned to believe in the markets and themselves, through the inspiration and confidence they got from some real person. And that person was the course presenter. Because when real people teach, and teach with confidence, it brings inspiration to the new learners. Even if the course presenter is an average trader themselves, they may still provide priceless new insights into the obscure world of financial trading. This is because veteran traders will always know a thing or two about the markets, here and there. Pieces of information that can be used differently, in all kinds of combinations. It is therefore possible for the student to exceed the trading skills of their teacher by trying out a new combination of old pieces of old information. After all, that’s how many scientific breakthroughs are made.

How Good is that Online CFD Course?

Even a poorly rated online CFD course can provide priceless information. Some people may have rated that course poorly because they believed too much in the trading online made easy idea… where the course presenter will have all the answers. But real life trading is never this easy, and profits don’t come at the press of a button. It takes work, preparation, and unique approaches, to become a profitable trader. Beginners should decide what trading style they want to follow, swing trading, day trading, hybrid concepts etc. Then it will be possible for them to choose the right course. They want to develop good CFD trading systems which fit their specific style and personality. And this is actually possible to achieve.

Combing Knowledge from Different Instructors

Traders who actively practice currency trading and look beyond the obvious, on the market charts, can do it. These are the people who can attend 2 or more totally different courses and get the best parts out of each one. Ambiguous and conflicting trading tips can be reconciled through deeper thinking. Every trading rule and tip has exceptions and special cases. And only when one thinks deeper can they begin to see the facts. Concepts such as definitions of support and resistance are among the most ambiguous trading theories. And they are deceptive because if they are used in the generic way, they make the instructor look right, no matter which direction the market goes. Deep down however, the market does in fact behave as if there are levels of support and resistance. But these are not always defined by some moving average or a previous low or high.

Stay and Work at Home with a Forex Trading Business Opportunity

online Forex Trading Business Opportunity

A forex trading business opportunity based at home has some unique advantages over a corporate work environment. First and foremost is the degree of freedom that independent traders have. They are allowed to change their methods and tactics on the spot, right away, without delays. Institutional traders have to stick to schedules and to achieving certain goals. In forex trading, limitations on your freedom to make decisions are not good. In fact, there should be no limitations in how you think and operate. Because good forex trading boils down to problem solving. A serious forex trading business opportunity is one which makes enough money. So as to justify the time and energy devoted to trading the various currency pairs. Powerful currency trading strategies are the ones who offer you an edge, and somehow make you better than the average trader. Very often, the home based trader-entrepreneur trades through a small to medium size forex account. They cannot afford too many losing trades and too much complacency. And yet, if you simply follow the crowd through the trading actions that technical analysis signals suggest, you are bound t to fail. Especially signals that are very easy to figure out on the charts. Signals such as flags and moving averages, can be completely wrong from time to time. And the trades at stake may be easily worth $200 – $300, even in a small account. So a simple mistake here will instantly cost you $200 – $300 in a day! The home based forex trader, is wise and bold enough to figure out that convenient and easy technical signals will fail, more often than not. And so, they will figure out ways to gain that edge, by evaluating those signals through some leading indicators. Home based entrepreneurs are clever people, original thinkers, and risk takers. But their familiarity with risk allows them to eventually spot risk at a safe distance, and avoid it altogether. Moreover, it’s the necessity to keep their accounts intact. Institutional traders can afford to lose more and more, and if they continue to lose money they will simply be fired. Independent traders cannot afford to have such losses. So their necessity to win allows them to push the limits of their creativity. Until their trading becomes a real home based business.

Beyond a Simple Forex Trading Business Opportunity

If the trader is very successful, then they might look at their strategy as more than just a forex trading business opportunity. And just like all successful start ups which eventually become huge companies, their idea may solidify. It may become less of a personal affair, and turn into low frequency, large size forex trading. As profitable trading grows, from small scale into larger scale, one wants to reduce day trading forex live, and trade more on the overnight forex market. And at much larger size. This is the philosophy upon which many home based small businesses finally grow into larger ones. They follow the path of less risk and greater wisdom. In the case of the confident independent forex trader, they can simply expand their profitable trading into trading other people’s accounts. These are usually rich people with huge forex trading accounts, seeking to make very low annual returns. Perhaps as low as 8%, on $1million or more. Which the wise, proven home based trader can easily do with only few trades.

The forex trading business opportunity is possible to reach, today. And there’s no one size fits all kind of solution. Each trader has to think in a unique way, specifically tailored to their needs. If you happen to be trading with less than $5,000. Then you have to limit risks, make use of leverage and smaller size trading. Today’s CFD forex brokers minimum deposit requirements are relaxed and much more affordable. The only thing the independent trader needs to worry about is risk control. Which is a whole field of research, and little understood even by winning traders. The home based trader is simply looking for ways to do more with less. And even $5,000 can go very far in today’s markets. What if you learn forex basics very well, had moderate goals, and low risk strategy. What if you only wanted to make $50 per trade, but were willing to commit $300 in hedging risk, and in recovering even a $20 loss. The trick in using a small account, is to stick to higher frequency trading, and smaller take profit goals. Traders who think otherwise, and believe that a $5,000 will be doubled or tripled in 2 months. Through huge directional trades. These traders are only fooling themselves. Every forex broker knows that such traders fail, whereas their high frequency clients do much better. And they are the only ones, among small account clients, who become profitable. The small high frequency trader is much more objective. They can afford to be wrong and still make money trading.

Day Trading Forex Live Introduction and Tips

Day trading forex live is tricky even to wise investors and traders. Because the confusion of the news and intraday volatility never makes much logic sense if any at all. Traders are often misled by false information found in seminars and books. This misinformation leads to the naive assumption that news can be traded easily, and that risk can be handled just like in a long term investment. The truth is that long term investments can indeed be handled much easier, because the trends are easier to figure out, and the investor has time to resort to all kinds of risk-mitigation methods. The fast forex trader on the other hand, and even more so the forex day trader doesn’t have the luxury of time. Forex trading strategies require extreme focus and flexibility. Simply stated, the news cannot be traded successfully in a directional strategy. Because such a strategy lacks flexibility and readiness to change direction in a blink of an eye. So instead, wise forex day traders focus on active trading hours, time zones, LSS pivot theory and always doubt what they see. Forex educators fail to teach much on these topics because either they don’t understand them themselves, or the teaching becomes tricky and too hard to sell. Seminars and books however still deliver a great deal of useful information, especially the ones created by veteran traders, even losing veteran day traders who actually failed to make money can offer great advice. This is because all traders, even winning ones, went through the stage of losing and failure. Stable day trading systems that will stand the test of time are created by traders who have suffered many losing trades. If a forex day trading system seems too perfect, and the creator coveys a sense of flawless perfection, realistically it will turn out to be an unstable trading system, one which is bound to fail at any time. There are no excuses for low profitability. If a day trading system claims to offer great success based on an apparent low risk / reward ratio, then it’s probably nonsense. Only stable forex day trading systems can stand the test of time and also accommodate the unique traits of each trader. And stable systems are created by former LOSING traders. For marketing reasons alone forex educators fail to, or avoid mentioning the L word. This is true in business also, a former failed businessman is much more likely to succeed in the future, than someone who shows all positive but thin margins of success. Regardless of how you choose to be educated on forex day trading, just remember that you will need attending at least 3 different seminar series or courses. And ideally 3 that focus on totally different approaches. Day trading forex live is tricky beyond belief, but also the potential profits are beyond belief as well. A stable methodology can be astonishingly profitable even with a high risk-reward ratio per trade.

Day Trading Forex Live Becomes Addictive and Exciting

After a while, new day traders who can master day trading forex live on their accounts. And who are able to survive past 6 months without blowing their accounts, make fast progress. And this progress is exponential, since profits grow exponentially with time. The forex trading business opportunity allows this to happen, and outsiders are left in disbelief because they cannot handle the truth. But it is true, because the inherent great risks in the forex market create these huge rewards. In the last 15 years or so, the advent of online CFD trading has made forex trading even more exciting. And there is nothing wrong with addictions, one can be addicted to either bad or good things. Forex can definitely be a good and productive activity for any wise trader. CFDs have helped forex day traders in that they have bridged the gap between swing traders and day traders. So that hedging or trading outright a currency pair has become much more flexible. And wise traders have figured out how to make the best of CFD instruments.

Compare the Top Online CFD Brokers and Choose Wisely

Online CFD brokers offer you much more today than every before. Because competition and higher demands from traders have shaped the CFD industry into a much more competitive part of the financial markets. New CFD retail traders are actually former Futures traders and spot market traders and investors. They all came to the CFD market because of the unique benefits that CFD liquidity brings to the table. All ideas and concepts, even the best forex trading strategy can be perfectly implemented through CFDs trading. Traders test various CFD brokers, and at the same time learn forex basics as ideas implemented through enhanced CFD methodology. In today’s financial world, anybody who knows how to trade, has benefited through CFDs. Futures don’t even come close to the efficiency of CFDs. While classic stock dealing is also primitive, too costly and tricky compared to CFD stock dealing. Online CFD brokers will continue to evolve as a result, and their clients can expect even better services in the future. Because nobody else cares about retail traders more than CFD brokers do. All other brokers are focused on either large size traders and investors, or on classic brokerage methods. Which are necessary for large investors and institutional traders, but fail to meet the needs of the small independent trader.

Online CFD Brokers Have Shifted the Odds in the Trader’s Favor

it’s not exaggeration to say that online CFD brokers, as a whole, have collectively improved liquidity so much. That the average wise retail trader stands a better chance of surviving trading the markets, through these brokers. As long as the trader is wise, and has a basic winning methodology, the odds are further enhanced through the CFD advantages. If one doesn’t know how to trade at all, they will fail no matter how they trade and which broker they trade through. And it is common practice for early losing traders to blame their day-trading failures on their brokers. But actually, the traders themselves are to blame. Moreover, you should never start your trading career in day trading, because the odds of success are very low there. Rather, if you are a beginner trader you should focus on day to day and week to week trades, through a small CFD account. Then, you will be able to objectively see and assess the CFD instruments in real life. The idea of trading online made easy by brokers is not really true. Brokers cannot make things easier for you, if you don’t know how to trade. What CFD brokers have done, is provide enhanced trading platforms and liquidity. And these allow already profitable traders to dramatically increase their profits.

CFD trading broker provides better trading conditions for two main reasons. First it provides superior liquidity, and hence a better filling price. And second, it provides linear trading conditions. CFD trading brokers are often misunderstood and many new traders focus too much on leverage and trade affordability. But really, leverage is no big deal nowadays, all kinds of brokers offer high leverage. Upon detailed examination and comparison, it turns out that CFDs are much better than any other instrument. When it comes to retail size trading CFD trading brokers are the best option there is. Superior liquidity is priceless, especially during volatile trading times. Linearity on the other hand is naturally better since it allows traders to capture short lived price action in the markets. All other instruments, such as spread bets, futures and options fail miserably when it comes to fast, linear trading. And half of the market move is lost because instrument pricing is not following market price closely as CFD do. A CFD trading broker allows wise traders to implement their multi-strategies. And to really profit from various moves in the markets. Even a very good trader who chooses to trade through futures, will end up making good money. But they will be at least 30% less profitable compared to implementing the same trades through CFDs. Even during normal, day to day trading conditions, without extreme volatility, CFDs can boost profitability by 30%. So why doesn’t everyone trade CFDs? Because CFDs are not suitable for very large trading such as investment banks and large traders do. CFDs are suitable for retail traders, trading up to $100 per point / pip. All good things have limits, and superior liquidity has limits too. And naturally in the financial markets, large traders provide liquidity to the smaller ones during extreme volatility.