Tag Archives: Trader

General Forex

What Losing Traders Do by Vince Stanzione Multi Millionaire Trader Gives You Some Priceless

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What Losing Traders Do by Vince Stanzione – I have been trading futures, options and equities for around 23 years. As well as trading my own money I have traded money for banks and I have been a broker for private clients. Over the years I have been fascinated to discover the difference between winners and losers in this business.

Try to learn from the points I am about to give you: 1. Many traders trade without a plan. They do not define specific risk and profit objectives before trading. Even if they establish a plan, they “second guess” it and don’t stick to it, particularly if the trade is a loss. Consequently, they over trade and use their equity to the limit (are undercapitalised), which puts them in a squeeze and forces them to liquidate positions. Usually, they liquidate the good trades and keep the bad ones; 2. Many traders don’t realise the news they hear and read has, in many cases, already been discounted by the market. Often, new traders jump into a market based on a story in the morning paper; the market many times has already discounted the information; 3. After several profitable trades, many speculators become wild and un-conservative. They base their trades on hunches and long shots, rather than sound fundamental and technical reasoning, or put their money into one deal that “can’t fail; 4. Traders often try to carry too big a position with too little capital, and trade too frequently for the size of the account; 5. They fail to predefine risk, add to a losing position, and fail to use stops; 6. They frequently have a directional bias; for example, always wanting to be long. A good trader should be happy to trade up or down; 7. Lack of experience in the market causes many traders to become emotionally and/or financially committed to one trade, and unwilling or unable to take a loss. They may be unable to admit they have made a mistake; 8. They over trade. Many new traders after opening a Financial Spread betting account are like a child with a new toy. They want to trade anything and everything. The new internet dealing offered by most bookmakers has made it even worse; 9. Many traders can’t (or don’t) take the small losses. They often stick with a losing trade until it really hurts, then take the loss. This is an undisciplined approach…a trader needs to develop and stick with a system. If you are following charts and a trendline or moving average is broken, you must stick to your rules. “All through time, people have basically acted and re-acted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why formations and patterns re-occur on a constant basis.” Jesse Livermore and; 10. Many traders break a cardinal rule: “Cut losses short. Let profits run.” Emotion makes many traders hold a losing trade too long. Many traders don’t discipline themselves to take small losses and big gains.

Vince Stanzione – Forex – Finbets. The above points have been taking from Making Money From Financial Spread Trading 2009 Edition by Vince Stanzione.

Vince Stanzione is a self made multi-millionaire based in Europe. Started at a junior at the age of 16 for Nat West Foreign Exchange in London he worked his way up in before leaving to start up his company. He has been involved in various companies including mobile communications, premium rate telephony, Interactive gaming, publishing and television and financial trading. He now lives most of the year between Spain and Monaco and trades his own funds mainly in currencies and commodities. As well as trading he also teaches a small number of students and produced the best selling course on Financial Spread Betting.

General Forex

How To Become A Smart Forex Trader

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How to Become a Forex Trader Learning the method and madness to Forex trading before making the first trade can be one of the first aspects of becoming a successful Forex trader. This, combined with other methods of success in the Forex market can help the investor to create potential profit from the Forex market. First, learn everything that you can about the Forex trading market. This can include learning all information from forums, internet Forex trading gurus and reading everything that you can about the investment market. Learning is essential in any investing market and therefore absorbing all of the information that you can about the Forex market before making your first trade can help to find success. Next, open an account through an online trading website that will allow you access to trades each month. Although these accounts do come with membership costs, it is crucial to take advantage of these accounts and ensure that you are making the most of the Forex markets. Most often, the fees which are associated with trading can come in as little as pennies on the amount that is being traded and therefore will not impact the profits which are being earned by investing in the Forex market.

After the account has been opened the learning does not stop, it is time to look around the website and determine how the trading processes work. Trading can be completed twenty-four hours per day as the foreign exchange market is global and therefore never closes. Taking advantage of opportunities that can yield investment tips and advice, such as seminars that are offered are helpful, even for those that are already trading on the Forex market. Becoming a Forex pro can occur, but it is not a process that is going to happen overnight. In order to make the most of the market, the investor must be willing to learn everything there is to know about the Forex trading market. How to Become a Smart Forex Investor Although becoming a smart Forex investor takes two main principals: time and knowledge. There are many things that one can do to ensure that they are a smart Forex investor. It is important that a new investor has a combination of these aspects and a mindset for success while investing in the Forex market means the difference of profits or loss through the investment process.

Time It takes time to learn the market and time to learn the trading practices which are used through certain situations and certain programs. Therefore, learning all of the information required is not going to occur overnight, nor will the initial profit. It is important for new investors to know that they should start small and take their time until they are able to gauge the activity of the Forex market and the concepts that come with this unique and vast marketplace. Knowledge There are many people that trade on the Forex market without knowing the entire truth about the activities that are being completed.

The best kind of investor is an informed investor that should ensure they are learning about the Forex market, about certain techniques that have been developed to ensure success and about the history, current activity and future predictions of all of the currencies that they are trading. Other ways that knowledge can be obtained is by taking advantage of free newsletters, blogs, and information through tutorials and eBooks which are placed on the internet. Many Forex investors are willing to share information and help others that are trying to make their way into the Forex market and can serve as a guru or a guide through the entire process. The internet is full of free information so be weary when people offer information for payment, in most cases, this information can be found free of charge elsewhere

General Forex

Some of the Best Forex Meta Trader Indicators

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If somebody is at the threshold of buying the superb Met trader indicator for complementing their current existing system for they should learn some basics regarding to the software and their efficient operations. Generally, the indicator is nothing but, they are the indexed limitation functions to determine the trend of pre-coded prescription foundation. The Forex Met trader is now available with near about 50 indicators which are running on time for their clients and this amount is gradually increasing day by day as the time progresses. These Forex Met traders are well equipped with some software along with the indicator increment; it ensures the met traders provide the best possible pathway towards the higher accuracy of prophecies there in the market of Forex. There are various Met traders indicators are available these days out of which some still believe among the various widely used indicators by non-voice and some advanced traders.

One of the best Met trader indicators is the Multi TF Trend. This advanced indicator has gained philosophical believes & some sky- scraping suggestions by some of financial expertise. It deserves this huge amount of reputation in the Forex market because it generally consists of the study of the 4 exceptional market patterns for the prediction of the current trend of the market. Basically, there are four time frames are present through which the data is applied which usually runs the indicators, and these four frames are as H1,M5, the M15 and the M30 respectively.

In fact the Forex market is usually said to be the vigorous, neutral and the floating because, it generally investigate into seven unique facets out of the available four frames. The Bollinger Bands-Div is another qualified gauge which has also gained the remark of the best MT4 Forex Met trader Indicator. This type of indicator is widely accepted and it is greatly used to check the best possible fluctuation in the situation of the market in coming future through their encoded patterns.

General Forex

How You’ll be Able to Grow to be a Prosperous Forex Trader

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Foreign exchange or currency trading is offsetting one nation’s currency against another’s. The fundamental components in Forex trading are capital, method, funds management and discipline. It’ll take all 4 of these elements to be a consistent and prosperous trader. To obtain control over these 4 elements is going to require practice, practice and extra practice.

All traders must have adequate capital to survive. Enough money will allow a trader to hone his abilities and to play the game extended enough to develop into productive. The amount of income will identify how quite a few lots or chunks of currency that can be traded at a single time. A common lot is $100,000 US, which requires a margin of $800-$1600.

The bulk of a trader’s time, initially, have to be put into creating a prosperous technique of trading. There are hundreds of methods and schools of believed on ways to finest trade Forex. The trader wants to determine, prior to he risks any cash, what’s the process to be traded. Is the method to be oscillator trading with stochastics, relative strength index or MACD. Is the procedure to be trend following utilizing very simple or exponential moving averages or channel trading or employing a basic trend line. Fibonacci retracement or extensions, and Andrews pitchfork’s are also strategies employed by numerous expert traders. Pick your strategy which you know functions, and then stick with it. Don’t attempt to change it, just execute it.

You can’t grow to be a profitable trader without having appropriate dollars management. Regardless of what other traders tell you, constantly, always use a cease loss order. A cease loss order is vital for the trader’s psychological peace of thoughts. The stop loss would be to be placed in a logical spot, behind a prior swing high or swing low. This order is intended to cut the traders loss to a modest loss and to avoid catastrophe. In an odd way, executing your method precisely also is really a funds management tool mainly because by executing your technique without having hesitation will let the smallest quit loss order.

Millions of dollars will not make you a effective trader if your process is flawed. Having the most effective technique in the world is just not adequate should you don’t workout proper income management. Starting with sufficient capital, a fantastic process and precise money-management are not adequate, when you usually do not have the discipline and attitude to calmly trade correctly.

Forex Trading Articles

Develop A Forex Trading Strategy To Become A Master Trader

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If you are interested in becoming an amazing trader in the forex market, you definitely need a powerful forex trading strategy to guide you in your trades. Those individuals who are expert forex traders have learned this early and are now the elite that make a lot of money. There are four simple steps that you can take to develop your forex trading strategy. Follow them and immediately see success in the forex market.


First, you must realize that your success falls only on you. You need to accept responsibility for your own success and each trade. Only you can make yourself successful! This means that you have to take the necessary steps to develop your own trading strategy. The good news for you is that everything you need to know about forex can be found online for free, or very cheap.


Second, you need to focus on learn how to find the right information and increase your knowledge the right way. To be successful in the forex market, you need to learn the right things. This is important because many traders think that knowing more is better. This is simply not true!


You see, in the forex market, you get rewarded heavily for your results and the accuracy for your trades, not the effort you make in your trades. You should also make sure that the forex trading system that you chose to use integrate into your trading strategy is simple and easy to use. Simple systems are much easier to use for a long period of time and work much better than the complicated ones. This will give you confidence and an advantage over those who choose to use complicated systems.


Third, you need to decide right now if you feel comfortable taking a risk and if you have good money management skills. If you don’t like taking risks, you probably shouldn’t trade forex. Most traders don’t realize how big the actual risk is so they enter the market and lose a lot of money and get out quick. Then there are those who are so frightened by risk, that they end up being too conservative in their trades and lose a lot of money. If you want to make a ton of money in the forex money, you need to take risks that are calculated, I mean risk at the right times.


Last, you need to be realistic in your expectations. Sure, some people get into the forex market and get rich super fast. However, this isn’t the norm for most traders. If you take your time easing into the market and immediately begin developing a forex trading strategy that is strong and sustainable, you will find success.