Page 182 – XTrade

Assessing a Trading Online Course

What to Expect from Trading Online Course

A trading online course may seem to promise too much, and it may even seem to good to be true. But most traders are wise enough to detect big fake promises.

Assessing the Performance of a Trading Online Course

If a trading online course promises to introduce you to the basics of forex. And to help you learn forex trading, then there’s no reason to be suspicious. This kind of teaching is quite realistic. Since it doesn’t promise to make you a profitable trader in a few weeks time. Big promises include claims to the effect of we will teach you this and that, and you will be highly profitable soon, as to trade for a living etc. These promises cannot possibly be real, especially if the course somehow seems to guarantee these claims. Good trading courses will have basic rules, and flexible advanced trading rules. So that the trader can get away from extreme discipline and start create their own unique trading style. If the course allows for creativity at a personal level, then it may in fact be very good. However any trading online course promising quick success through the teaching of generic forex strategies. Is bound to be stretching the truth, to exaggerated claims. Generic trading strategies never worked, and never will! There are entire theories on forex trading which are wrong, and are based on false assumptions. Fibonacci theory is one of them. Many other such theories are based on oversimplified interpretations of support and resistance trendlines. While trading on forex news is another area where one will find many false ideas and methods. A good trading course shouldn’t include these methods at all.

What a Good, Advanced Trading Online Course Should Offer

A good trading online course on more advanced trading should deal with news trading and volatility. It should also deal with money management, and the use of large size stops. Especially if the objective is beyond day trading and allows for holding trades overnight. Tight stops will not work at all, so they must be avoided by all means. Some course deal with the principle of probability, for each individual trade specifically. So that the trader can assess the market, and various open trades. Assessment of probability is possible in a number of ways. It all boils down to carrying out simple tasks, such as measuring time, price, and looking out for known causes of false breakouts. There’s no need for advanced statistics, where the sample is a huge number of trades. Probability as defined by a method based on intuition, simply leads to a binary outcome. Such as either to close that open trade or to leave it open. If traders can master that concept of probability while they want to learn how to trade forex, then they will be much better. And they won’t need Fibonacci analysis or any other nonsensical theory.

Day Trading Forex Live Review Information

Day trading forex live review information, by real traders, helps assess trading fairly. As traders are wise people, not easily sold through snake oil tactics.

Day Trading Forex Live Review Analysis by Real Traders

Day trading forex live review analysis is very thorough. As traders are street smart and not easily fooled by deceptive marketing. Many dishonest day trading mentors use trading method which are high ambiguous and deceptive. And yet these methods appear to be working nicely, to the eyes of inexperienced traders. Methods on support and resistance for example. Which make the mentor look right no matter which direction the market goes. The very definition of support and resistance in the daily trading session has to come with some reasoning. Day trading forex live review information that fails to address these issues is not a real review. Snake oil forex training instructors are good sales people. And they have made their teachings to match their absurd trading concepts. So that the naive trader will always related to actual market action through them. On other hand, serious, seasoned trading instructors reveal the entire range of possibilities. All by exposing both the good and the bad of their strategies. Insightful review reports deal with day trading online, through impartial logic analysis and judgment. Mentors and instructors whose teachings pass the scrutiny of such in-depth reviews, are good. They are good enough so that the trader following their teachings will benefit in some way or another. In reality, there is no perfect day trading strategy. The numbers of support and resistance are always ambiguous to some extend. It’s just that honest instructors tell you all about it. Day traders may use LSS pivot theory, first hour pivots, the daily Value Area, or some other kind of pivot numbers. And these are used as support and resistance for the day.

Day Trading Forex Live Review Analysis on Proprietary Indicators

Some instructors claim to have proprietary indicators, which are not part of their teaching, hence they call them proprietary. In actual day trading forex live review reports, it has been found that some instructors do in fact have mysterious indicators, which lead the market. Even a leading time of 20-30 minutes is an enormous advantage in day trading. The FX exchange global market allows for the existence of such indicators. But they are not of much use unless they are well understood. Leading indicators, if they are really leading, will also have some drawbacks. Wise traders following the teachings of these instructors will confirm both the bad and the good of these indicators. Because they observe the markets and other indicators, while accepting the opinion of these leading indicators. Through their instructor. A leading day trading indicator may give out a signal, which has an 80% probability of coming true, over the next hour. But it will also produce some false signals. Such observations can be found in honest, impartial day trading reviews.

A forex trading app can be used to filter classic indicators, such as MACD and RSI, and evaluate their relevancy in real time. Use of indicators in their default format is unlikely to be very useful to traders, because all these indicators simply work on and off. So a forex trading app can indeed, through a simple algorithm, evaluate many indicators. But more interestingly, it can work with 4-5 different classic indicators simultaneously and evaluate the relevancy of each one, every day. Trading apps can be used to take the best part out of classic indicators, while leaving their natural lagging tendencies out. Classic indicators however will always suffer from momentum-related shortcomings. That’s why you cannot beat the market using classic indicators alone. Nonetheless, they are still good for trading market momentum. They still work, at least half the time. It is also possible to combine classic momentum indicators with chart patterns, all in one app. Since the app can get all the data needed from the market charts. Traders hire coders to develop these apps. If the effort committed to developing an algorithm is too great to share, traders can still keep it secret. Simply by learning basic coding skills, and outsourcing the project in 2 parts, to 2 different coders. App development will definitely be a great tool in future trading, and especially in improving manual trading. Default use of classic indicators is not good enough, not even for basic trading. That’s where apps provide good solutions for traders of all levels.

Trading Online Demo Based Testing

Trading online demo testing of new ideas and strategies helps traders optimize old ideas and also come up with new ones. Putting things to the test is the key.

Trading Online Demo Testing of New Ideas

Trading online demo testing of new ideas rids the trader of much uncertainty and fear. It may seem obvious that just by looking at a past market chart. One could make few observations and few price projections and determine the outcome of hypothetical trades. But trading ideas can be much more complicated and unpredictable. This is why demo trading is so useful. Trading online demo testing allows the trader to test many more markets at the same time. This can reveal weaknesses in the trader’s concept of viable ideas. And what risks are posed to money management if many trades all lose money at the same time. Can these markets be traded so that not all of them lose at the same time? And where can I find the right balance so that I stand to win in each trade individually? These are questions that intense demo testing can answer. Demo CFD trading platforms can be used extensively for conducting such tests, even more so for testing currency trading. In addressing what is forex in terms of flexibility and range of markets, the right selection of currency pairs to trade can lessen the risk on money management, so that not all trades will lose at the same time. It doesn’t make sense to trade only US dollar crosses, or exclusively Euro crosses. It’s much better to choose unrelated pairs. And that’s what testing will confirm, the overall risk for any given range of selected markets.

Trading Online Demo Testing for Hedgers

Trading online demo testing can be used successfully to test hedging trades. As well as ideas for recovering losses on open losing trades. CFD trading allows for linear, very good hedging of losing trades. All the trader has to do is figure out whether the price movement is a correction or major reversal. In any case, the right amount of hedging (which doesn’t have to be dollar for dollar), can limit losses and save the day. Testing can reveal the weaknesses of any trading system. Testing over a month or more will likely include volatile days, extreme currency movements and all kinds of scenarios. And this is where traders actually lose most when getting caught on the wrong side of a market. Because fear overwhelms them and they don’t know how to hedge an open loss. With the use of LSS pivot theory, weekly LSS that is, traders can figure out extreme price levels. Where a currency pair will likely stop moving for a while. LSS pivots cannot predict trends, but can predict momentum. And all it takes is little momentum with appropriate hedging, for any losing trade to be recovered. All these concepts can be fully investigated through thorough demo testing.

Day Trading Forex Strategies for Success

Day trading forex strategies can be based on simple concepts, and critical thinking. There is no need to reinvent the wheel or find the holy grail of trading.

Day Trading Forex Strategies for Demanding Traders

Some nice day trading forex strategies are based on simple ideas and critical judgment. Traders have been experimenting with various indicators. These range from logic analysis to even astrology and metaphysical beliefs. But those in touch with reality know better. They know that the financial markets are driven by supply and demand. And these two forces are in turn driven by complex fundamental changes in these markets. Fundamental analysis wins over most other methods of analysis, but is also the hardest possible way to measure the forces of supply and demand. Some good forex signals, capable of generating a full time living, are possible to infer. All through basic fundamental analysis. All forex traders, from scalpers to swing traders, need to pay attention to fundamentals. As it can help determine the daily trend in the market. Doing so, allows them to make wise decisions on open losing trades. And some very big losers can be avoided when the trades are closed early. Fundamental analysis doesn’t have to be about the long term only, as many traders mistakenly believe. Instead, it captures an entire spectrum of information, ranging from hours to many months in the future. All currency pairs follow rules of logic, and fluctuate so that the money all around the world will move to the best possible state. That state ensures better returns, the least amount of inflation possible, and avoidance of uncertainty. That’s the logic all investors have. Fundamental analysis comes to deal with this and traders use it wisely over the quarterly period. The quarterly period is a very convenient time frame to do a fundamental analysis study. Day trading forex strategies are based on the outcome of this quarterly study, because the quarter determines the trend for 3 months. Each month determines 4.2 weeks, and each week determines 5 trading days. And the trend is for example up, there will be more up days, and with more profound trends, than there will be down days. Online CFD trading allows traders to cleverly extend beyond just day trading and to hold some trades overnight. So that in the case of an uptrend, a long trade is exited near the high of the next up day.

Day Trading Forex Strategies for those wanting to be out by the close

There are traders who prefer day trading forex strategies where they won’t have to hold trades overnight. Generally this is not a good idea. But if you do have to trade this way, you can still rely on fundamental analysis. And especially short-term leading fundamental analysis. Which is nothing more than further refined fundamental analysis, down to a single day. Day trading this way, still requires some technical analysis, but using it only as a rough guide. The rest of the strategy has to be focused on the reports and news on each day. This is the data that will make the market move in that day. Day trading is not a strictly defined term, as one trader’s night time is another trader’s day time. But it implies that no trades should be held overnight, as the trader in question wants to be flat during these hours. Strict day trading, where you have to be flat by the close can be based on the day’s news and report release times. The trader simply has to compare their findings against longer term fundamental factors, and make trading decisions. Once again, CFD trading platforms can facilitate trading, and even allow for the day trader to use large size, flexible stops. These stops together with hedging and risk control strategies can be used to capture parts of the daily price movement of a currency pair.

Day Trading Forex VS Stocks – The Facts

Day trading forex VS stocks is a tired old debate, where neither side has won the argument. It’s simply about two different types of markets, and nothing more.

Day Trading Forex VS Stocks – the Differences

Day trading forex vs stocks has been debated by many traders. Forex traders prefer forex because of the wider range of markets available. Stock traders prefer stocks because they have stock-specific information and data available. Nonetheless, when the stock market moves in a given direction, so do 70% of all stocks. Having a good understanding of a particular company listed in the stock market can indeed offer accurate trading of its stock. Some stocks can move far more on a typical day, than currencies do. And if the stock is a penny stock, then much larger opportunities are possible. Day trading forex on the other hand is quite different. Because on most profitable days, traders make medium size gains, but these days occur very often. Stock day traders may watch a stock for days and days, and only finally have the chance for a massively profitable trade which will occur just once. Day trading forex vs stocks is a good debate for all new traders. As they have to consider these facts one by one. And make a decision, depending on their analytical skills, which market is better to trade. So ultimately there is no fair comparison between the two. Because it is like comparing apples and oranges; it’s that simple!

Day Trading Forex VS Stocks – A Beginner’s Best Choice

Day trading forex vs stocks is a tough decision for beginners. But since beginners lack analytical skills they are better off trading as follows: They can choose to day trade forex, in any way they want. And there is room for success, in many methods. If they choose day trade stocks, they have to refrain from using news stories in the media. These stories are related to the stocks in question but they never lead actual stock price. Only news from premium information sources is useful for day trading stocks, and still it is difficult to do. Nonetheless, news trading tends to work better on stocks, than on currencies. Any beginner who knows what is CFD trading can actually choose a good CFD forex broker, or one which offers CFDs on both forex and high volume stocks. Beginners can test day trading both forex and high volume stocks, and see how each market works in reality. You will see that both can be extremely risky. But both can also be managed and profitably traded. If you are considering day trading through a scalping strategy, then you definitely have to choose forex over stocks. The higher liquidity of the forex market, during inactive hours, ensures market price will provide good scalping opportunities. Stocks are not good for scalping, because even a single institutional trader can actually make the market move, when they trade. Even during the usually inactive lunchtime hours in the New York session, a stock can spike excessively up or down, thereby ruining a scalping trade.

Forex Trading Online from Home

Forex trading online from home is quite a challenge, but also an intense experience. But it doesn’t have to be intense trading of any particular, popular style.

New Concepts in Forex Trading Online from Home

Forex trading online from home has been synonymous with day trading, news following and high volatility. But that’s not the only way to go. Investing in a foreign currency, on any time frame, is about leading fundamental analysis. It could be on the hourly chart, or on the weekly chart. Traders have to spend hours and hours to navigate through so much information. And to eventually reach safe conclusions, away from the day to day volatility and market noise. Online CFD trading helps facilitate such trading in the best way possible. Traders can make small trades within the daily session, but they have to be guided by their leading fundamental analysis. All other more popular concepts, such as news trading, will cause excessive confusion. Profitable forex trading online from home cannot be achieved just by following the obvious path. It simply doesn’t work. Only leading fundamental analysis can beat the markets. And this by itself is a big, tough subject. But that’s what it takes to make money while working from home as a trader. You as a home based trader are at an advantage, over traders working in noisy trading offices. Because this noise and the actions of other traders doesn’t help you with fundamental analysis. These fundamental factors are always interpreted in all kinds of ways, by different analysts. And some of these factors can have a double impact on the market. So as to be both bearish and bullish, but during different time frames. So you will have to even refrain from the desire to label an economic report as either bullish or bearish, because it may be both. The truth is that the market is not always right, and it just deviates from fundamental analysis for few days at a time. But sooner or later it catches up with its fundamental destiny. A quiet home office environment will help you achieve the level of clarity required, to learn and master leading fundamental analysis.

Trading Online from Home and What to Watch out for

Trading online from home is all about creative thinking and freedom of choice. A good mindset, some original thinking, and the efficiency of CFDs can get you on the road to success. You don’t need to learn forex trading through the popular methods. Because to a large extend, the material taught in those methods is lagging the market. Some parts of this material are good and still very useful. But concepts such as support and resistance for example, are so oversimplified and presented in the wrong way. When you think about it, support and resistance theory, based on simple trendline analysis on the charts, is misleading. Because it appears as though the theory is always right, no matter what the market price does. If market price rises too much above a resistance level, it seems right because it makes sense according to the theory. But if it drops instead, by the same amount, again the theory appears to make sense. Just be careful on this one, because unlike what many believe about market price, it is not always right! Price can deviate from fundamental levels, for days at a time. And support and resistance levels all seem to be working perfectly during these deviation periods. But who will warn you of the coming surprise reversal? Where price will suddenly converge to fundamental levels, or even pierce through them and deviate to the other side. Only leading fundamental analysis can warn you of this.