Among all the terms specific to the trading lingo, stop-loss is perhaps the most important one to know. Many successful traders can’t imagine their short- and long-term strategies without using stop-loss. Suppose you are serious about taking your trading career to the next level. In that case, you should consider learning everything about stop-loss and Read More…
Month: October 2021
Order Types and How to Use Them
Trade orders are fundamental tools for trading securities, as they help minimize losses and optimize your trading profitability. Knowing how and when to use them can help you make consistent profits. With the correct order at the right time, you can close an excellent deal, get out of a trade that doesn’t pan out the Read More…
Top 5 Newbie Mistakes to Avoid When Starting as a Trader
The road to becoming a trader is a long and windy one. While it’s certainly more accessible than ever to get into trading, even if you don’t have much capital, you still need to spend years getting the proper education, going through professional development, perfecting your strategies, and familiarizing yourself with the markets. Then, once Read More…
Understanding the Dynamics of Day Trading
Day trading is a risky endeavor since it requires significant capital investment to start. Still, it can be pretty lucrative if you understand the markets, stick with your strategy, apply risk management techniques, and remain disciplined. This comprehensive guide will help you understand all the dynamics of day trading to get started like a pro. Read More…
Are You Ready to Become a Full-Time Trader?
It’s never easy for someone to quit their full-time job and go away from a steady and secure income only to dive into something unknown and unstable. However, some people simply aren’t cut out to work for a company and are attracted to trading. If you think the previous sentence applies to you and have Read More…
Mastering Trading Psychology – Everything You Need to Know
Most successful traders have proven trading strategies. Choosing the best trading parameters for them is a walk in a park. But is that all you can learn from them? There is more than meets the eye. The psychology of a professional and successful trader is different from that of a beginner. They have mastered trading Read More…
Risk Management Principles to Adopt in Trading
Every trade puts you at risk of losing money. How you manage that risk will make a difference between making more profits and blowing up your account. Even successful traders have losing trades because it’s impossible to win every single one. However, they know how to control the risk and ensure their gains on winning Read More…
Trading Habits to Avoid to Increase Profitability
Whether you make it as a trader or not isn’t a matter of luck or circumstance. It’s a matter of skill and dedication. How committed are you to perfecting your skills? Are you dedicated enough to take on the harsh markets and adopt the proper habits and behaviors that will help you succeed? The truth Read More…