When we enter into the domain of Forex trading, we will enter a learning curve until we understand the intricacies and the finer points of trading. Even after learning the basics, everyday will still be a learning process. Now with that being the case, all the traders are bound to make mistakes, at least in the early stages.

In this post, we shall look at some of the most common mistakes committed by traders. This information will help you in avoiding setbacks and losses as a trader.

Over-trading:

This is one of the main reasons why many traders self-destruct. Although learning the basics is important, it is equally important for you to understand when to enter into a trade, and when not to.

Trading can be addictive, which is why you might not notice it when you are overdoing it. Therefore, it is very important for you to plan your trades carefully, and make a point to stick to your plans.

You might be tempted to make irrational decisions and start trading, even when the conditions are not favorable according to your training strategy. It is a very risky thing to do, and in most cases, it will simply lead to losses that could have been avoided.
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Choosing The Right Forex Trading Platform

by Sean on January 23, 2016

One of the major steps towards achieving success in Forex is to choose the right trading platform. Now there are several trading platforms available and the choice might as well leave you thoroughly confused. However, there are several steps involved in finding the right trading platform as well. Read on to find out more in this regard.

Prepare a list of the names of the leading trading platforms

This is absolutely important! Now, a casual internet search will help you find several forex trading platforms including Meta Trader platform, ctrader platform and many more. To start off with, you can participate in the forums dedicated to forex traders. Check out which forex trading platforms are endorsed by experts and why. It might all seem very difficult at the beginning– to make head and tail of everything. Don’t be stressed. Just shortlist the names and follow the next steps mentioned below.
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5 Things To Look For In A Trading Platform

by Sean on January 21, 2016

forex trading tipsElectronic trading platforms are the most popular means for novice investors to take the proverbial plunge into the world of online trading. As these systems have continued to evolve over the years, they offer a host of benefits. However, it is still necessary to appreciate what many consider to be the five hallmarks of a respectable trading platform. Before committing to any specific company in particular, all of these observations should be addressed. Let us now take a more in-depth look at each in more detail.

Funds and Fees

Every platform will charge a nominal fees and a certain level of commission. However, these figures naturally differ from provider to provider. Pay attention to the spreads involved within trades as well as the fees associated with depositing and withdrawing funds. These will have a very real impact upon any profit margins.
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investing tipsThere is no denying the fact that Contract For Difference(CFD) has become quite popular over the past couple years in countries like the UK, Australia, and Singapore even though they are not permitted in the United States. Well, there are a couple of reasons why they are becoming a choice over the conventional stock investing and in this post, we shall be taking a look at precisely that.

2 Reasons Online CFD Trading Is Different

Firstly, CFDs just need the investor top pay a small margin fee instead of the entire value of the investment. For instance, if a person is considering an investment of 400 shares in a particular corporation and the current stock price is $2, and then a typical stock investor would have to chip in $800 to establish their position. On the other hand, if he or she were engaged in online CFD trading, then they would only have to pay the margin required which could be as low as 10 percent. This means that they would only have to chip in $80 for their initial investment.
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If you’ve just come into a fair bit of money, then you may be looking to save and spend it very wisely. Perhaps you’ve had a pay rise at work or maybe even won a sizeable amount of cash on the lottery. If so, you need to put that money to good use and the best way to do that is invest it! If you have no idea where to start, then don’t worry. Here are three things you should invest your money in today.
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Trading software is an automated trading system that can help you to save time by fully automating your trade orders. The software can help you to start or end the stock trades faster and more precisely than if you do it by yourself. The following are 5 ways on how a trading software can help you make the right decisions.

Prevent the Pitfalls of Emotions

Trading software can prevent you from making trading decisions based on your emotions. Many traders make the wrong decisions because they are afraid of losing money. Some traders lost a lot of money in trading because they are greedy and stay in the trades for too long. By using a trading software, you don’t have to worry that you will fall into the pitfall of emotions as the software will automatically execute your trade order.
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tips for buying a homeIf you have decided that now is the right time to buy your first home, you may be a little unsure about what you need to do. Surely there’s more to it than viewing houses, picking one, and signing on the dotted line? Property investment is a somewhat long-winded process, as there is a lot of ins and outs to buying a home.

Buying a home will no doubt be one of the biggest investments that you will ever make, so it’s important that you know what you’re doing. There’s a lot more to buying property than meets the eye, and it’s important to understand that. Investing in a home can be a long and complicated process that’s also incredibly expensive, it can take as little as a month or as long as a year.

That being said, there are a few things that you can do to speed up the process and make things a little simpler. For everything that you need to know, keep reading.
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