There are two path to chose in online trading, we probably read or hear great stories about how a trader make 1500$ from a 10$ account or perhaps to an amazing 1000$ to 1000000$ in 2 months time or in less than a year, that is why online trading brings curiosity to people that are a total stranger to this business.You can confirm this fact if you go to a very popular copy trade site such as MQL5, some of the traders there are make amazing returns to as high as 3000% in less than a year.
There are two path in trading, first is the high risk gambling type, traders that take this path take advantage of the high leverage that brokers offer to their customers and so they can trade bigger volume if they win they can grow their account quickly but on the negative side it can also drained their trading account easily, these are the kind of traders that I mentioned above, now if you have a lot of capital to burn then you may follow this path, most traders that adapt this kind of trading style will lost their capital within a year of trading or even less.
The other type of trader is the one who study the market very well, follow a properly tested strategy,follow proper risk management and always discipline on their actions, this is the path that all professional traders take, if you want to make trading your source of income then it is a must that you have to take this path.
Most traders that do the high risk gambling type trading activities are traders with small trading capital, in their desire to make significant or huge profits right away they risk more than the usual but unfortunately they will all fail in the long run.
Choose wisely!
Tuesday, January 31, 2017
Friday, January 27, 2017
Mind Over The Market Video!
I want to share to you a very important interview from Mark Douglas regarding how to put your mind over the market and create a carefree state of mind. Its trading psychology at its best.Thanks from WTV.
Enjoy!
Enjoy!
Tuesday, January 24, 2017
My blog for Vipro Markets!
I created a blog particularly for Vipro Markets so that traders will be able to know and fully understand the benefits and advantages once they avail of their services. Vipro Markets is fully regulated by CySec and other prominent regulating institutions so traders can have peace of mind in as far as the safety of their money is concern.
Learn more about Vipro Markets here...
Learn more about Vipro Markets here...
Monday, January 23, 2017
Three Ways To Profit The Market!
Nowadays online traders has 3 choices to choose where they can make money in trading. Each has its own strong points just make sure to choose the right approach.
3 ways to make money in trading:
1. Manual trading - perhaps this is the most difficult part in trading where traders have to learn from scratch and probably spent years of practice and testing before he can be a consistent profitable trader. Right education from the start is key and if possible you can have a good trading mentor then it will probably shorten the process.
2. Copy trading or PAMM trading - this type does requires only some basic understanding about the market , you just have to choose the right strategy from traders that can give or provide consistent profits, it is important for investor to take the time in examining the strategy being used of a particular signal provider, not all signal providers has stable strategy that can provide stable profits in the long run, MQL5 and Zulu Trade are very popular copy trade websites. Don't gamble your money to signal providers that implement bad RR ratio,martingale and grid type trading or no/huge SL trading strategies.
You may opt to copy my signal at Zulutrade here
3. Using an EA(Expert Adviser) - EA is a trading robot or a customized strategy coded into an MQL language that can be run on MT4 or MT5 trading platform, such EA can be run 24 hours 5 days a week on a desktop or a vps (recommended) to look for trade opportunities and probably make some profits without human intervention.The good side of using an EA is for traders to avoid psychological pressures from the market and less time spent looking on the chart. But the down side to this approach is there are only a few EA's that can bring consistent profits to your account. The real challenge in this approach is finding a good EA that can give more winning trades in the long run. Extensive back and demo testing should be done first before using an EA in a live trading account to avoid more loses.
We come to the market in hope to make money and be financially independent but it will never be an easy endeavor to all aspiring traders out there, what is important is to never rush in making a decision what path you will take in this tough market.
Choose wisely, good luck!
3 ways to make money in trading:
1. Manual trading - perhaps this is the most difficult part in trading where traders have to learn from scratch and probably spent years of practice and testing before he can be a consistent profitable trader. Right education from the start is key and if possible you can have a good trading mentor then it will probably shorten the process.
2. Copy trading or PAMM trading - this type does requires only some basic understanding about the market , you just have to choose the right strategy from traders that can give or provide consistent profits, it is important for investor to take the time in examining the strategy being used of a particular signal provider, not all signal providers has stable strategy that can provide stable profits in the long run, MQL5 and Zulu Trade are very popular copy trade websites. Don't gamble your money to signal providers that implement bad RR ratio,martingale and grid type trading or no/huge SL trading strategies.
You may opt to copy my signal at Zulutrade here
3. Using an EA(Expert Adviser) - EA is a trading robot or a customized strategy coded into an MQL language that can be run on MT4 or MT5 trading platform, such EA can be run 24 hours 5 days a week on a desktop or a vps (recommended) to look for trade opportunities and probably make some profits without human intervention.The good side of using an EA is for traders to avoid psychological pressures from the market and less time spent looking on the chart. But the down side to this approach is there are only a few EA's that can bring consistent profits to your account. The real challenge in this approach is finding a good EA that can give more winning trades in the long run. Extensive back and demo testing should be done first before using an EA in a live trading account to avoid more loses.
We come to the market in hope to make money and be financially independent but it will never be an easy endeavor to all aspiring traders out there, what is important is to never rush in making a decision what path you will take in this tough market.
Choose wisely, good luck!
Saturday, January 14, 2017
Discipline Is A Must In Trading!
In this post I just want to emphasize how important DISCIPLINE in trading is, it is part of the psychological aspect in trading and without or inconsistently implementing it will only yield bad results along the way that can harm your account in the long run.
A good trading strategy and knowledge about risk management will only be fruitful if you can implement it religiously in your trading, when we say being discipline it means that we must follow our trading strategy by implementing our trading rule all the time regardless of what is happening or see in our chart,successful traders called it carefree state of mind, but because we are emotional by nature it is really very hard to become discipline that can lead traders to repeatedly fail.
I will honestly say this, a trader that cannot implement DISCIPLINE in his trading in a consistent basis will fail no matter how hard he try, even if he possess the most profitable strategy in the world he will still fail along the way. The technical aspect is not that hard to learn really, its the psychological aspect that traders must give more emphasis in his learning especially in the early going of his trading.So if you want to make a living in trading and become a successful trader start being discipline while still learning the technical aspect of your trading. That big D is a must in trading.
The Truth About Trading!
I don't want to sound pessimistic and discourage people from joining the trading world, but honestly making a living in trading is a very challenging and tough endeavor to make and it will make it more harder for a newbie if he is not guided accordingly right from the very start.
Majority of traders come to this business ill prepared, most of them(that includes me) are just attracted to a very nice sales pitch from a website or link that discusses all the advantages and the good things about trading or perhaps just being encouraged from a friend or relative. It is understandable that marketers always promote the good things about a particular product and talk less about the bad side of it. In trading this is a very costly situation where a beginner trader can have a different perspective about the market and will end up losing a lot before realizes the brutal truth about trading but the damage has been done.
Online trading is a legit business opportunity and if you are willing to invest time in learning about it can bring good fortune to you and your family in the very near future,preparedness is the key to success. Most beginners rushed their way in trading and just end up losing a lot, they think that online trading is the short cut to financial independence and they did not realize how hard trading is and they do not take the time to prepare and so they end up losing more instead of making money.
Before getting excited on your first trade please think about this and this is a very critical fact,ever since trading has begun until this modern day, the statistic speak for itself that around 80 to 95% of traders in this business failed or loses money and nobody can argue about it, this figure simply tells us that trading is very tough nut to crack, its like playing basketball game against a 6 footer and you are a 5 footer guy which eventually it will be very hard or impossible for you to win.
Success in trading is a very hard undertaking and it may requires months or even years of learning and hard work before you can develop the right and proper skills of a professional trader, so if you are planning to become an online trader take a step back before making that first trade and re-assess the level of understanding you got about the market, ask yourself am I fully prepared to go to battle? have I make the necessary research and preparations especially in the psychological aspect?if at any point you are in doubt then don't trade real money unless you have a lot of cash to burn in your account.
All ill-prepared traders rushed their way in the market and will just end up losing money, while a well prepared trader will always have an advantage over the majority of traders and came out profitable in the long run. If you want to succeed as a trader then choose the right path!
Majority of traders come to this business ill prepared, most of them(that includes me) are just attracted to a very nice sales pitch from a website or link that discusses all the advantages and the good things about trading or perhaps just being encouraged from a friend or relative. It is understandable that marketers always promote the good things about a particular product and talk less about the bad side of it. In trading this is a very costly situation where a beginner trader can have a different perspective about the market and will end up losing a lot before realizes the brutal truth about trading but the damage has been done.
Online trading is a legit business opportunity and if you are willing to invest time in learning about it can bring good fortune to you and your family in the very near future,preparedness is the key to success. Most beginners rushed their way in trading and just end up losing a lot, they think that online trading is the short cut to financial independence and they did not realize how hard trading is and they do not take the time to prepare and so they end up losing more instead of making money.
Before getting excited on your first trade please think about this and this is a very critical fact,ever since trading has begun until this modern day, the statistic speak for itself that around 80 to 95% of traders in this business failed or loses money and nobody can argue about it, this figure simply tells us that trading is very tough nut to crack, its like playing basketball game against a 6 footer and you are a 5 footer guy which eventually it will be very hard or impossible for you to win.
Success in trading is a very hard undertaking and it may requires months or even years of learning and hard work before you can develop the right and proper skills of a professional trader, so if you are planning to become an online trader take a step back before making that first trade and re-assess the level of understanding you got about the market, ask yourself am I fully prepared to go to battle? have I make the necessary research and preparations especially in the psychological aspect?if at any point you are in doubt then don't trade real money unless you have a lot of cash to burn in your account.
All ill-prepared traders rushed their way in the market and will just end up losing money, while a well prepared trader will always have an advantage over the majority of traders and came out profitable in the long run. If you want to succeed as a trader then choose the right path!
Sunday, January 8, 2017
My Preferred Brokers!
One most important aspect in trading is choosing the right broker, they not just kept our money they also provides the price feed to our platform, so if the broker we choose is a scammer or into price manipulation activities then it will put the odds further against us and probably the trader end up losing more.
In my eight years experience in this market I been into and test a lot of brokers and I witnessed some of them into price manipulation activities, some traders labelled it as stop loss hunting by brokers,there are also cases that slippage is just too big especially during news and the worst thing about it is that brokers justify such occurrence and they will not revert the loses you acquire from such transactions and it will add up to your loses and if will devastate your trading account in the long run.
I choose these broker on the basis of fairness and reliability, slippage is very minimal and I have not experience any abnormal price spike even during high impact news releases.
ViproMarkets
Features:
Minimum deposit on Standard or ECN account is only $25
No gap on pending orders(rare to find)
Tight spread
Maximum leverage is 1:500
No commission on deposits and withdrawals
Very prompt and good support
Cysec Regulated,FCA member and other EU financial organization
Funds is in a segregated account
Provide demo and contest account
With IB partner program
For more info inquire here...
FortFS
Features:
Minimum deposit is 5$ and offers deposit bonus
Tight Spread
Wide Range of trading instruments
Maximum leverage is 1:1000
With demo account and No deposit bonus (new and old client)
With IB partner program
Wide variety on deposits and withdrawals options
Offers Platform on CQG,Ninja Trader, MT4 and Binary Options
Offers PAMM and Copy trading account
Offers Free VPS for account with 1000$ deposits
Provide monthly interest of your account funds
IFSC Regulated
For more info inquire here...
In my eight years experience in this market I been into and test a lot of brokers and I witnessed some of them into price manipulation activities, some traders labelled it as stop loss hunting by brokers,there are also cases that slippage is just too big especially during news and the worst thing about it is that brokers justify such occurrence and they will not revert the loses you acquire from such transactions and it will add up to your loses and if will devastate your trading account in the long run.
I choose these broker on the basis of fairness and reliability, slippage is very minimal and I have not experience any abnormal price spike even during high impact news releases.
ViproMarkets
Features:
Minimum deposit on Standard or ECN account is only $25
No gap on pending orders(rare to find)
Tight spread
Maximum leverage is 1:500
No commission on deposits and withdrawals
Very prompt and good support
Cysec Regulated,FCA member and other EU financial organization
Funds is in a segregated account
Provide demo and contest account
With IB partner program
For more info inquire here...
FortFS
Features:
Minimum deposit is 5$ and offers deposit bonus
Tight Spread
Wide Range of trading instruments
Maximum leverage is 1:1000
With demo account and No deposit bonus (new and old client)
With IB partner program
Wide variety on deposits and withdrawals options
Offers Platform on CQG,Ninja Trader, MT4 and Binary Options
Offers PAMM and Copy trading account
Offers Free VPS for account with 1000$ deposits
Provide monthly interest of your account funds
IFSC Regulated
For more info inquire here...
Self-Sabotage in trading!
We often heard or read online from a lot of traders claiming that online trading is a scam for a different reasons. But in reality it is not,yeah there are bad brokers out there but it does not mean that the whole business is rigged, online trading is legit and you can make a lot of money out of the market if you develop the right skills.
Most traders fail or loses money because of their inconsistencies or we are being indiscipline,its not about the strategy or bad risk management that cause it all, practically all traders knows risk management and has a chosen strategy yet they still end up with zero balance. Why is it happening? the answer is simple yet most traders failed to see the real picture, traders failed because of their own actions, its human nature that we react to any situations that is why when we are facing the market we tend to adjust or divert every now and then from our strategy causing us most of the time acquiring huge loses, so we are the one that causes our failure yet we blame our strategy, the broker or worst we blame the market as a whole.
If we want to become a professional trader and make money consistently from trading we must take full responsibility of our actions and accept our mistakes and make the necessary adjustments. The FOREX market is huge and a totally different world, we cannot imposed our will to the market it is us that must submit to the market so that we can live harmoniously with the market.
Most traders fail or loses money because of their inconsistencies or we are being indiscipline,its not about the strategy or bad risk management that cause it all, practically all traders knows risk management and has a chosen strategy yet they still end up with zero balance. Why is it happening? the answer is simple yet most traders failed to see the real picture, traders failed because of their own actions, its human nature that we react to any situations that is why when we are facing the market we tend to adjust or divert every now and then from our strategy causing us most of the time acquiring huge loses, so we are the one that causes our failure yet we blame our strategy, the broker or worst we blame the market as a whole.
If we want to become a professional trader and make money consistently from trading we must take full responsibility of our actions and accept our mistakes and make the necessary adjustments. The FOREX market is huge and a totally different world, we cannot imposed our will to the market it is us that must submit to the market so that we can live harmoniously with the market.
Friday, January 6, 2017
Developing a carefree mindset in trading!
I watched Mark Douglas interview at WYZE TV in Youtube a few months back and he discussed a very important aspect of trading, in that interview he mentioned the importance of developing a carefree state of mind during trading. In the real world humans cannot be in a carefree state of mind otherwise he will end up losing everything or in a disaster. This is the very reason why all traders struggle and fails a lot at the very start of their trading and some even continue to struggle for years in trading because they dont realize or give importance the difference between the real and the trading world. It is important for traders to realize that the market is a complete different world and we cannot be part of such world having the same characteristic that we possess and use in the real world.
Carefree state of mind simply means just execute your trades according to your strategy and never think if its gonna be a winner or a loser, what is important is you follow your strategy. We all know that the pillars of successful trading are good strategy, risk management and most of all taking care of our emotions or having the right mindset and that is having a carefree mindset. A trader cannot implement his strategy and manage his risk properly if he do not have a carefree state of mind during trading. A trader must disassociate himself from the real world during trading.
I fully agree with Mark's opinion that in order to be a successful trader we must develop the skill of having a carefree state of mind and utilize it during trading otherwise we will just end up losing all the time and trading will be a very difficult and frustrating profession to achieve.
Know more about honest and reliable broker here!
Carefree state of mind simply means just execute your trades according to your strategy and never think if its gonna be a winner or a loser, what is important is you follow your strategy. We all know that the pillars of successful trading are good strategy, risk management and most of all taking care of our emotions or having the right mindset and that is having a carefree mindset. A trader cannot implement his strategy and manage his risk properly if he do not have a carefree state of mind during trading. A trader must disassociate himself from the real world during trading.
I fully agree with Mark's opinion that in order to be a successful trader we must develop the skill of having a carefree state of mind and utilize it during trading otherwise we will just end up losing all the time and trading will be a very difficult and frustrating profession to achieve.
Know more about honest and reliable broker here!
A good broker is an important aspect in trading!
One critical aspect in online trading is choosing the right brokerage, there are probably hundreds of brokers that offers their services to traders all around the globe and a lot of them offers perks and bonuses just to lure traders to sign up with them. But be aware that most brokers that offers bonuses has conditions lies underneath and it is very important to know and evaluate them thoroughly before you sign up.
It is important that traders will be able to choose the right broker before they start trading to avoid getting scammed, there are lots of crooked brokers in this business. Signing up with a bad broker will only keep the odds more against the trader. Choosing the right broker is one step towards a successful trading career.
Criteria in picking the right and reliable broker:
Know more about honest and reliable broker here!
It is important that traders will be able to choose the right broker before they start trading to avoid getting scammed, there are lots of crooked brokers in this business. Signing up with a bad broker will only keep the odds more against the trader. Choosing the right broker is one step towards a successful trading career.
Criteria in picking the right and reliable broker:
- It must be regulated by a reputable organisation or government body such as Cysec,FCA,BAFIN,etc.When you visit their site you must look for the regulation logo or page, but not just believe on what you see, try to verify and confirmed with the regulating body itself if its really true.
- Search and read reviews on a particular broker, if there are a lot issues and complaints pertaining to withdrawals,bad support,slippage, spread widening,stop loss hunting,etc. then stay away with such broker.
Know more about honest and reliable broker here!
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