Preparations Before Trading
10 rules for successful trading. Part 1
Trading on the exchange is a business with an easy and simple start. However, it doesn’t mean that you can become a successful trader with the same ease. The majority of experienced traders know that the positive result depends on a multitude of factors: hard word, regular analysis, proper planning, strict discipline and ability to […]
Time stop. How to use the time factor in trading
The time factor in trading is often undervalued. Theoretically it may help traders to make more efficient trading decisions, move up the bottom level of profitability and facilitate an immediate closure of loss-making positions. The time factor could be used by different types of traders for improving the decision making process regardless of the trading […]
How to develop a trading plan: 10 mandatory steps. Part 1
Trading is a business and if you want to be successful you should treat trading as a business. The only way to be a successful trader is planning – there is no other way. There is a saying: “Absence of a plan results in the failure of your plan”. It might sound weird, but this […]
8 ideas of how to combine trading and employment
If you have a full employment, it is a rather complex task to become a professional trader during your free time. To quit employment in order to become a profitable trader? Or to become a profitable trader in order to quit employment? Whatever is the way you formulate your goal (the second variant seems more […]
Reward and risk. Destroying stereotypes
We welcome all readers of our blog! In our today’s article we will try to destroy the well-established stereotypes in the interpretation of such an indicator of the trading system efficiency as the risk-reward ratio. In this article: False stereotypes in understanding reward and risk. Trading efficiency depends on a complex of indicators. Example of […]
Limitation of losses – start thinking about money. Part 1
It is well-known that good traders are masters of risk management. Risk management includes a detailed trading plan, rules of posting stop losses and limit orders and also the management of open positions, while keeping emotions under control. Good traders, as a rule, follow a clear trading plan, which places an emphasis on preservation of […]
How to select a market for trading?
It’s highly unlikely that there are many people in the world who got up in the morning and, all of a sudden, decided to start trading. As a rule, such a decision is made on the basis of the brokers’ ads, economic knowledge or sharp desire to make ‘easy money’. Well, let’s assume you decided […]