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Don’t get carried away – consistency is the key!
from:When trading on any stock market it is easy to look at early positive results and think yourself bullet-proof. In fact, the world’s impression of stock traders in many cases tends to picture them as extremely sure of themselves and convinced that they alone hold the secrets that create wealth. This is due in no small part to the fact that, not all that long ago, that was exactly how the typical market trader behaved. It would be easy to sneer at people for behaving in that way, but the stakes involved in the world’s big markets create that kind of attitude. If your every decision can mean several figures of profit or loss, you need to at least appear confident.
There is a fine line between self-assurance and over-confidence. There is an equally small space between the relatively self-assured confidence of a trader who has just had a moderate success and the complete blind panic of someone who has just seen their positions tumble. As far as possible, you have to remain constant in your emotions when trades are live. Most traders will set stop-loss and take-profit positions on their trades, which enable them to get out while there is still time to protect some money, or to cash out before a rising stock hits difficulties. These are cautionary steps, and can be very worthwhile.
Never assume that you alone hold all the secrets. It only takes one thread to be pulled for the whole thing to come apart, and make you look very stupid. It is better to be cautious and have a house, than be impulsive and homeless.
Currency Forex Market Trading News
Top 5 Forex Spread Betting Tips for New Traders - MarketWatch (press release)
Top 5 Forex Spread Betting Tips for New Traders MarketWatch (press release) Foreign exchange (often referred to as Forex, or simply FX) is one of the most popular traded financial products, providing attractive opportunities for savvy traders, even in volatile market conditions. Meanwhile, forex spread betting requires you to ... |
IndependentInvestor Launches New Forex Trading Section - SBWire (press release)
IndependentInvestor Launches New Forex Trading Section SBWire (press release) London, UK -- (SBWIRE) --02/09/2012 -- Online investment portal IndependentInvestor.co.uk has unveiled its newest resource section, focusing on the ins and outs of the forex markets and how traders can execute profitable strategies trading currency ... |
WORLD FOREX: Currency Markets Steady, Await News On Greece - Wall Street Journal
 Bloomberg | WORLD FOREX: Currency Markets Steady, Await News On Greece Wall Street Journal By Clare Connaghan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Currency markets were holding steady in tight ranges in European trading Wednesday as participants refrained from placing new bets without firm news of a political deal in Greece that would ... FOREX-Euro hits 2-month high as market bets on Greece deal WORLD FOREX: Pound Up After BOE; Euro Steady Amid Greek Impasse FOREX: Euro Outlook Bearish Regardless Of Greek Fiasco Outcome |
FOREX-Euro hits 2-month peak vs dollar on Greek deal - Reuters
 Trading Point | FOREX-Euro hits 2-month peak vs dollar on Greek deal Reuters The currency rose as high as $1.3321, and was last changing hands at $1.3285, up about 0.2 percent. Traders said the euro looked set to stay above $1.30 now that a Greek deal appears to have averted a disorderly debt default; and it could make a run at ... Forex Market Review – Euro up after Draghi says Greece agrees to bailout terms FX COMMENT: Muted risk-on move on Greek deal, ECB* Pound under pressure as markets await BOE and ECB decisions |
Forex Trading Volume Rises in North America: What it Means for You - DailyFX
Forex Trading Volume Rises in North America: What it Means for You DailyFX By Christopher Vecchio, Currency Analyst The Federal Reserve's Foreign Exchange Committee released its semi-annual survey on the average daily trading volume in the forex market, showing interesting shifts in overall trading. According to central bank ... |
Vanguard's Forex-Hedged Foreign Bond ETFs - Wall Street Pit
 ETF Trends | Vanguard's Forex-Hedged Foreign Bond ETFs Wall Street Pit A relevant point in this debate is recognizing that the currency factor tends to be a wash in the long run. In the short run, of course, forex is quite volatile. But unless you plan on making lots of short-term tactical trades based on currency ... Three Things to Know About Currency ETFs |
'Draconian' Currency Ban Chokes Off Trading: Argentina Credit - San Francisco Chronicle
'Draconian' Currency Ban Chokes Off Trading: Argentina Credit San Francisco Chronicle The government also made trading in the unregulated currency market a crime punishable by as long as eight years in prison as part of an anti-terrorism law and today restricted daily cash transactions to 1000 pesos ($230) per person, down from 10000 ... |