Review Category : Trading Platforms

FX Trading Glossary (E To M)

In this article, we continue exploring the vastness that is the FX trading glossary with the letters E through to M.

FX Trading Glossary (E To M)

Economic Indicator – There are a whole cache of economic indicators that influence the FX markets. Economic fundamentals such as GDP, unemployment numbers, manufacturing, trade deficits and many other indicators will have a strong impact on the strength of a currency against its peers.

Exotics – Relates to a niche asset class or type with very low liquidity, and for which trading is sparse.

Federal Reserve – The United States Central Bank which is mandated to help control the domestic economy, and set the country base interest rate. The Federal Reserve can to some extent determine how strong or weak the dollar is, by deploying fiscal strategy and tools.

Flat – Refers to a neutral position where an investment position is closed out at the same value at which it was opened.

Foreign Exchange (FX) – The place where currency can be bought or sold against other currencies.

Fundamental Analysis – The use of economic indicators such as GDP, unemployment figures, trade deficits and manufacturing figures to gauge the likely price direction of a currency pair.

Futures – The purchase of a specific investment type at a particular, pre-agreed price at some point in the future.

Good Till Cancelled – A type of FX order that will remain in place in the brokers system until the order is opened, or cancelled by the trader.

Gross Domestic Product (GDP) – A measure of economic output mustered by a country. GDP news typically has a significant effect upon the FX market for the related currency.

Hedging – An opposite FX position that is opened in order to mitigate or neutralise the risk associated with another position. Businesses often use hedging techniques when trading internationally to help reduce currency risks and losses.

Interbank Rates – The FX rates that large investment banks trade with other large investment banks.

Intervention – The act of a government Central Bank “intervening” to manipulate the strength of its currency.

Indicators – FX indicators normally refer to technical analysis indicators that are used to predict price trends, volatility, momentum and volume. Indicators are crucial tools in helping FX traders analyse the markets accurately.

Leverage – A trading concept allowing FX traders to control currency trades that are worth many multiples of their equity stake.

Limit (Order) – A type of order which attaches a maximum or minimum value to the order. A maximum price is applied when the trader is buying, and a minimum when the trader is selling.

Liquidity – The ease and fluency with which an FX currency or any investment type may be traded.

Long – Refers to buying an FX currency pair, or other security, in the anticipation of a price rise.

Lot – Relates to position sizing.

Market Maker – Typically an investment bank or financial institution which offers bid/ask prices to make a market for a security.

Mark To Market – The process of remarking open positions to reflect the current market value. Investment banks will undergo mark to market procedures on a daily basis for many of their assets.

 

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FX Trading Glossary (A To D)

FX trading is an immensely vast industry. Epic, some might even say.  As you might suspect, there is a lot of terminology for the newbie to pick up when learning about FX trading for the first time. In this article, we’ll gloss over (if you’ll pardon the pun) some key FX trading glossary.

Major FX Trading Glossary (A To D)

Appreciation – When one FX trading currency gains in strength against another.

Ask Price – Refers to the price that the buyer of a currency must pay. This is the quote on the right hand side of the bid/ask price.

Bar Chart – Used in FX analysis to visually display the price. The bar chart has four elements – the open, close, high and low.

Base Currency – Currencies are quoted in pairs. The base currency is the first currency of the pair. So, when we see USD/CHF quoted at 1.3001, it means one dollar will buy 1.3001 Swiss Francs.

Bear Market – A declining market showing negative price movement and sentiment.

Bid Price – This is the price a seller can get from the market when selling a currency. The bid price is on the left side of the bid/ask quote.

Bid/Ask Spread – Refers to the difference between the bid and the ask price. So, when EUR/USD is quoted at 1.5000/04, then the bid ask spread is 0.0004.

Bull Market – Represents the term used to describe a rising market with positive sentiment.

Cable – A nickname for the British Pound.

Candlestick Chart – A highly popular graphical way of displaying FX price action since it provides traders with a lot of price action clues. Includes open, close, high and low price information but also provides market sentiment clues.

Central Banks – Government sponsored banks who have the power to manipulate currency exchange rates. Central banks are mandated to set monetary policy, and setting base rates are one of the ways by which they control the domestic economy. Examples of central banks include the Bank Of England in the UK, and the Federal Reserve in the United States.

Charting – Another term for technical analysis, charting is the use of graphical price information to gauge the mood and direction of the FX markets.

Commission – The fee charged by a broker or dealer to enable a trader to open or close a position. In the FX world, the pip spread is the only commission that brokers charge.

Contract – A term that refers to one single unit of trade.

Counter Currency – Currency quotes are made in pairs. The second in the pair within a currency quote is the counter currency.

Currency – Legal tender that is issued by governments to facilitate domestic and international trade & commerce.

Currency Pair – The two currencies that comprise an FX quote. For instance, EUR/USD is an example of a currency pair that the markets offer for trade.

Day Trading – Some FX traders will aim to open and close their positions within the course of one trading session (or day). This is called day trading.

Devaluation – Sometimes, governments and central banks will strategically devalue their own currency. This is sometimes done to make their own exports cheaper and more competitive to foreign buyers.

Drawdown – The maximum decline in a traders equity from a high point. All traders will suffer drawdown at some point in their trading career.

 

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The Do’s And Don’ts Of Trading Foreign Exchange Rates

There are a long list of do’s and don’ts that you should keep in mind when trading foreign exchange rates. Simple affirmatives and negatives that every aspiring trader should stick to as they grasp around to find consistency in profitability. Outlined below are some of the most epic foreign exchange rates trading do’s and don’ts.

Trading Foreign Exchange Rates – Definitive Do’s And Don’ts

For good trading success, DO…

1. Create A Trading Journal. This is the story of your trading life, containing every last position opened with a review of the outcome. However, it isn’t nostalgia we’re looking to create with your journal – a diary can be a bible of all your experiences, mistakes and triumphs. It can help to show you what you’re doing wrong – and right – and so help improve your trading incrementally with each new trade that is archived.

2. Test New Ideas, Strategies And Robots In A Demo Account. We all like to experiment as foreign exchange traders. It’s fun trying new systems, and letting the odd robot butler into your trading life. However, test all your new ideas and systems out within a demo account before allowing them anywhere near your real, hard won equity.

3. Trade From A Structured System Or Plan. Nothing should be left to chance when trading foreign exchange rates. Creating and perfecting a plan that is used for your everyday trading is an important part of being an organized and efficient trader. A system merely helps you to identify suitable trading plays, and open suitably sized positions in accordance with strict risk control.

4. Learn Technical Analysis In A Deep And Intensive Way. To truly taste success trading foreign exchange rates, you will need to become an expert with technical analysis. We’re not talking about competency or familiarity here – we’re talking about true excellence. This clearly will take a lot of time to master, but traders who perfect technical analysis are supremely gifted in predicting price movement. They can look at their charts, and almost instinctively understand in which direction price will snake off too over the next few candlesticks. Price reveals many clues as to its direction – and technical analysis is the Sherlock Holmes that can help decipher these subtle clues.

For good trading success, DON’T…

1. Trade Just For The Sake Of It. Your equity is worth more than that. There will be times when price action and your indicators just cannot arrive at a trading judgement. Markets might be choppy and unhelpful in dropping decisive hints on price movement. Bears and bulls may be gripped in an epic and evenly matched battle. Traders always want pips. They always want to be in the market. However, sometimes when there is just no clear set-up your best action is inaction. Just wait and watch from the side lines until one side lands a killer punch.

2. Trade With Rent Money. Ok, this need not actually be rent money, rather any money that you cannot afford to lose. A good part of trading is psychology – and trading with money that really needs to go towards rent, food, the baby’s medicine (etc) is going to add a whole load of unwanted psychological tension.

3. Shy Away From Owning Your Positions. There are a lot of gurus out there offering all sorts of tips and advice. While there is nothing wrong in keeping an open mind, and seeing what other traders are doing, and why – you should only open your own position based on your own analysis. You must own responsibility after getting into a trade.

4. Give In To The Markets. Respect it. Appreciate that it is right – whether you went with it or against it. Traders who can accept the odd loss without succumbing to frustration or embarking upon a revenge trading mission are more likely to enjoy profitability – and sanity – over the long run.

 

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How To Measure FX Market Sentiment

Being able to understand and leverage market sentiment is one of the most crucial soft skills an FX trader must pick up during his or her training. Market sentiment is fundamentally what drives the FX price. When you see a surging bull run, or a panicky price collapse – market sentiment did that. If you knew about it, you could have ridden both until you had pips coming out of your ears.

In this article we’ll investigate real tactics that FX traders can use to get a tight grasp on market sentiment, and so be ideally placed to open the right positions at the right times.

Tactics To Measure FX Market Sentiment

Get To Know The Commitment Of Traders (COT) Report – Once you start to use the commitment of traders report, you just wont stop. It’s one of the most potent tools that you can ever use within your trading plan.

The Commitment Of Traders report is released every Friday by the Commodity Futures Trading Commission, and it unveils the net positions of various types of traders from the previous Tuesday. The Commitment Of Traders report will show the net positions for three broad types of traders:

  • Commercial traders
  • Non commercial traders
  • Small private traders

Commercial traders tend to be large organisations who have currency positions primarily to hedge against exchange rate risk. Many large companies that operate in various countries hedge currency to mitigate the possibility of making a loss just because the exchange rate turns unfavourable. Therefore, they open a position directly in contrast to the trading revenue they receive, so that one offsets the other.

Non commercial traders are mostly large institutions such as investment banks and hedge funds who indulge in currency speculation in order to make profit. Finally, small private traders are mainly individuals who often trade from home, trying to steal a few pips here and there from the markets.

The Commitment Of Traders report will unveil the net long or short positions held by each of these parties, but it is typically the positions of the non commercial traders that we should be most interested in. This is the group of highly professional traders who speculate on FX positions.

How can we use the information contained in the Commitment Of Traders within our specific trading strategy? One of the simplest methods is to look out for extreme long or extreme short positions, especially when taken on by the large non commercial traders. Remember, this is the group that represents large investment banks and hedge funds – the guys and gals who speculate for a living, and put billions and more behind their positions. When this group has an extreme long, or extreme short position there is an excellent possibility that an FX price reversal might be lurking just around the corner. Why? Because if this group is extremely long, then who else is left to buy the currency? No one – no demand will of course lead to an inevitable price collapse. Similarly, when the non commercial traders have an extreme short position, who else is left to sell to the market? No one – price must therefore reverse and go back up at some point. This simple market sentiment strategy is one of the most powerful ways to use sentiment to pick out strong reversal trades.

Other Measures Of Sentiment – While the COT might well be the ultimate and most reliable measure of FX market sentiment, it is not the only one. One other method that is something of a soft skill is to train yourself to gauge the price reaction to news. The market is highly efficient, and news is normally priced in advance to some degree. It is normally when news is significantly different to what the market anticipates that strong price movement is created. Watching the price reaction to news, and any deviations from the expected should give you some clue as to where market sentiment – and price – may be heading.

 

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Market Sentiment And The Foreign Exchange

Why is the EUR/USD trending down? Why has Sterling seen a strong surge against the dollar recently? Why has the Yen struggled against the Dollar? We could lay into the fundamentals behind all of these foreign exchange rate trends, but the one simple answer that rings true for all of them is MARKET SENTIMENT.

Whatever the foreign exchange markets are doing – whether they are trending, ranging or consolidating – they are doing so due to market sentiment. This article will go over the importance of market sentiment to traders, flirting with the various factors that can cause swinging moves in sentiment…taking the foreign exchange rates along for the ride.

Market Sentiment And The Foreign Exchange Rates

An Explanation Of Market Sentiment – Ideas and beliefs are powerful things. Once an idea or belief infiltrates the collective minds of the markets, they are liable to create long and swooning trends. In short, this is precisely what market sentiment is – an idea or belief about a particular currency pair which ultimately sets the tone for the pairs price behaviour.

Sometimes, market sentiment is strong and unified. There is widespread agreement between significant market traders as to the strength or weakness of a currency. Sometimes, the sentiment may be exceptionally bullish, which will lead to a surging uptrend in price. At other times, the market may have a collective belief that the currency pair is weak – this type of negative market sentiment will cause a sustained downward pressure in price action. Sometimes however, market sentiment may well be muddled and mixed – with neither a bullish or bearish consensus – and this leads to a currency pair treading water. No real uptrend or downtrend. Most likely price will be consolidating or ranging within a set price range, waiting for either the bulls or the bears to take control.

As you might imagine, getting a vibe for the overall market sentiment is a very important aspect of potent foreign exchange trading. When you understand the prevailing market sentiment, you can grasp the overall trend and take on positions that can leverage profits from that trend. In contrast, trying to open positions without a basic respect for market sentiment can be a little like spitting into the wind – price may go your way for a while, but if you traded against sentiment, it might just come flying back to hit your stop loss squarely on the face!

Factors That Impact Market Sentiment – Now we understand the importance of market sentiment awareness, let’s look at the usual suspect of factors that will impact market sentiment. The below factors are game changers – they can turn negative sentiment to positive, and vice verse:

Interest Rates – These are one of the most influential factors that can instigate a change in market sentiment. Interest rates directly impact the supply and demand of currency – and it is the demand/supply equation that determines the price of a currency. When a government or central bank raises interest rates, it attracts much international investment. Businesses and high net worth investors will want to avail themselves of the higher interest rates and so will want to purchase the currency. A raise in interest rates therefore will increase the net currency demand, and create a more positive market sentiment.

Economic Strength – Bullish economic performance will also contribute positive market sentiment to a currency pair. A strong economy will have robust demand for its product and services, both domestically and overseas. The bottom line will be a positive market sentiment and a stronger currency too. This is precisely why economic indicators such as the Gross Domestic Product (GDP), trade deficits and unemployment numbers are so important in determining market sentiment and currency strength.

Political Stability – The final major factor that can tip the balance of market sentiment is that of political and geographical stability. Investors yearn for stability before pouring their money into a country. A factory may be lured by the favourable conditions a government offers to foreign investors. However, if that country has rumours of a government coup hovering menacingly over it, foreign investors would consider the political risk too great to invest in.

Market sentiment is a truly crucial element to consider for those wanting to trade in the foreign exchange. Ignore it at your peril!

 

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Types Of Forex Risks

There are numerous types of risks attached to the forex, and to forex trading. In this article we analyze and distinguish between these different risk types.

On a very basic level, achieving success with forex trading will be largely dependent on a trader being able to interpret risk vs reward, and only opening positions when the rewards significantly outweigh the risks. While no trader can achieve 100% success with their trading, careful risk analysis along with clever position sizing will ensure that a trade sees profit most of the time. Additionally, the careful application of a stop loss strategy will ensure that when the risk/reward analysis is mistaken, losses can be kept on a tight leash. In this way, over the long run, the forex trader can enjoy substantial and consistent profits through the markets. And it all begins with understanding risk.

Forex Risks

Exchange Rate Risk – This refers to the risk brought about by the fluid way in which supply and demand for a particular currency pair shifts. Forex market prices are constantly swaying – no sooner you open a position, within moments the worth of that position will most likely have increased or decreased. Exchange risk is the most common form of risk that will directly affect forex traders through the duration of their open positions. Exchange rate risk may be mitigated through the application of clever stop loss procedures. Stop losses aim to cut out the maximum amount of loss that any one position may accrue by automatically exiting the trade once the stop loss level has been reached. Additionally, position limits may also be used to control exchange rate risk – here, the trader will only allow himself a maximum position to be taken on any particular currency.

Interest Rate Risk – This type of forex risk is associated with movement in forward spreads causing a profit or loss on the books. Interest rate risk may also be caused by maturity gap issues, and is more relevant to currency swaps, options and futures.
Credit Risk – This type of risk carries the threat that an open position may not be settled on. Most likely, this can happen when two counterparties dispute the particulars of the trade, or when one counterparty experiences difficulties as a going concern. Drilling down into credit risk further, there are several types:
• Replacement Risk – When a counterparty fails to settle a position and the other party has no course to attain compensation.
• Settlement Risk – A risk that is brought about because different counterparties making up a trade will often and inevitably be located in different time zones. Different currencies will have different prices attached to them at different times of the day (when one counterparty may be shut and the other operating).
• Intervention/Dictatorship Risk – Governments have the power to intervene to affect the strength of their own currency. For example, a country may choose to weaken its own currency in a bid to make their exports more competitive. Government intervention within the forex is a risk that traders must keep in mind.

Many of the points above are likely not to affect smaller, individual traders but are more likely to be an issue for large counterparties that trade currency positions or swaps/derivatives.

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Important Tips On Choosing A Good Fx Trading Strategy

fx trading money

There are many kinds of forex strategies scattered all over the internet. Therefore, finding a good trading system that suits you should be difficult. One thing many traders fail to understand is that there is nothing like a good strategy or bad fx trading strategy.  Traders who fail with certain strategies often fail because they picked strategies that are not meant for them.

How can you ensure you are picking the right fx trading strategy?

Start by mapping out your trading goals and targets
If you do not have laid down goals and objectives, it would be hard for you to know what strategy to use and which ones to avoid. For example, a trader that sees forex trading as a long term investment vehicle cannot have the same fx trading plan as the trader that see forex trading as his source of getting day to day income.  A long term trader often needs to only  check up on the market once a week and once a day at most but the short term trader needs to be in the market as long as possible.

In the same way, you need to decide if you prefer maintaining long term outlook on your positions or a short term outlook. It is not enough for you to have a long term trading strategy. If you cannot be able to hold the position until the profit target is reached or until you get a reversal, then you’ll need to use trading strategies that will tell you how you to re-enter a long term trend after you have closed a position.

This is very important for traders who trade off the daily and weekly charts but need to withdraw some profits from a winning position to meet one need or the other. Short term traders naturally have short term outlook to profit taking so they will not be affected by this.

Are you planning to trade fulltime or part time?

If you are a trader that has a clogged up daily schedule, you will definitely not be able to trade the forex market on a full time basis. This means you will have to be on the lookout for strategies that will allow you take a 2 second glance at your charts to decide if you should take a trade or not. Many traders in the Australian time zone also need such strategies as it is relatively hard for most traders to stay awake and trade the busy European and American sessions. If you have the time to check your chart whenever you feel like then you can watch out for strategies meant for full time traders.

Choose a strategy that suits your personality

Your personality has a lot to say about the kind of strategy you should be fx trading with. If you are an individual that is creative and is able to apply logic in all areas of life, then you will do quite well with strategies that are subjective in nature.  If you do not fall under this bracket on the other hand, you will have to look for strategies with strict entry and exit rules you can watch out for as soon as you open your forex charts.

 

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Common Mistakes Made With Forex Charts

forex charts candlestick sample

The forex trading world is one that is fun and very exciting. Many individuals who have been able to understand the highly complex nature of it have been able to build careers out of it.  Unfortunately, many new entrants end up making mistakes which throw them out of the market after a while. These mistakes have even gone on to bankrupt others. Some make mistakes with the trading systems they are using, others make mistakes in the way they setup their forex charts.

Mistakes made while using forex charts

Excessive overload of technical tools
This is one of the most common mistakes made by newcomers to the forex market. Many of them often fee that trading success lies with having many technical tools on their charts. Of course some of the tools are useful but the rest have very little value. Even if all the tools are useful, having too many of them on your charts at once will only lead to confusion and financial loss.

Many people often start with using the MACD indicator then after sometime they throw in the Bollinger Bands, the RSI, Pivot Points, Fibonacci and Parabolic SAR. Before all of these will line up and you get to take a trade, the market will have moved a reasonable distance and you will only be entering into the middle of a trend.

Too much emphasis on indicators
Of course nothing is wrong with using technical indicators but relying excessively on them has led to the downfall of many traders. There is no reason why you should take a trade signal when a heavy news release is being expected. There is also no reason for you to enter a buy trade right in the middle of a heavy downtrend that has been on-going for days. These tools are only used for direction, so having them on your forex charts doesn’t negate the need to apply common sense in your trading.

Inability to understand the use of timeframes
Some forex traders often do not realize that timeframes are very important in any trade decisions being taken. There is no need looking at the daily charts if you are not ready to seat for days and remain calm even in the face of over 100pips of drawdown.  Trading the daily charts while targeting 50pips is a recipe for disaster. In the same vein, trading the 1 minute forex charts while looking for 200pips profit doesn’t make sense.  If you are long term trader (targeting 200pips and above) your focus should be on the 1 hour charts and above.  If you are targeting 100pips and below, you should be trading the 30mins forex charts downwards. Don’t make the mistake of mixing things up.

Lack of proper understanding of the chart type
Many traders often do not spend time to learn and understand the kind of forex charts they are using and this sees them making some mistakes in their trading. Unfortunately, the forex market is one that is highly unforgiving so any errors are punished with heavy loss of funds.

If you are a newbie to this wonderful world of trading, ensure you are not making any of the mistakes listed here while using your forex charts.

 

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The Importance Of A Trading Mentor In Forex Exchange

Foreign exchange analysis

It is common for many people to attempt teaching themselves foreign exchange trading. This perhaps, explains why the number of losing traders in this market is on the high side.  Another group of traders simply go for a few hours of training and then goes on to deposit money and start trading. What they fail to understand is that the initial teaching only introduces them to trading. Mentoring on the other hand ensures that the skillset learnt is applied appropriately in real life market conditions. With a mentorship programme, the trader will be able to keep the new skills acquired intact while improving on the experience gained.

When traders incorporate on-going mentorship in their learning process, the probability of them falling into the 95% of traders that lose their first account falls by as much as 80%.

5 reasons why you should use mentorship in your foreign exchange learning stage

  • With a trading mentor, your trading mentality will be modelled for success.   You will also not be caught in the trial and error approach often used by most traders.  This approach to trading often elongates the learning curve for many new traders and in the course of this, majority of them pick up certain bad habits that become difficult to dispel in the future.  A trading mentor ensures you don’t pick up any of these habits instead you will be pointed into the direction of habits that will ensure success.
  • With a mentor, you will be able to learn from your trading mistakes. Many people prefer to learn trading on their own because they wouldn’t want someone to see their mistakes. This is a wrong mind-set especially in this market. According to psychologists, it is easier to learn from mistakes than to learn from successes. A trading mentor will offer constructive criticism and show you how to avoid any mistakes in the future.
  • With a mentor, you will be able to establish realistic trading targets and he will show you how you can achieve those targets. It’s all pipedreams when you have a goal but you do not have a workable plan on how to achieve that goal. With a trading mentor, you can set realistic yearly, monthly and weekly goals.
  • With a mentor, it is easy for you to keep your thoughts and actions focused. This makes it easier to achieve set financial targets in record time.  This is important because the average trader in today’s world is tempted to assimilate as much information as possible in a bid to become profitable in trading. Most of the information however is irrelevant to trading success. How will you know if no one tells you?
  • According to cognitive science experts, traders often hit a plateau when learning a particular discipline. A foreign exchange mentor prevents this from happening as he will be able to see when you hit such plateau and tell you how you can move away from it.

If you have any experienced profitable trader around you, don’t hesitate to make him or her your trading mentor.

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Still Struggling With Your Foreign Exchange Trading?

foreign exchange trading choices

No matter your experience or financial capabilities, you can succeed in foreign exchange trading. The reason why many people fail is that they are not able to make the necessary adjustments. Some keep on repeating the same mistakes they’ve been making in the past and expecting to have different results. It doesn’t work out that way. What steps should you take to turn your trading results around?

Consider moving to a new foreign exchange trading platform

There are many kinds of trading platforms available. Some of them look very good on the surface but in reality, they make trading very difficult. For example, there are trading platforms where it is not possible to close out half of a position without exiting the trade entirely. There are also platforms where you cannot exit a trade until you have closed positions you opened before it. Some traders have to go through the hassle of switching around two platforms because the platform with their account does not support certain indicators. If you feel your trading platform is holding you back, move to a new one!

Stop leaving your trading to luck

Many traders often take positions in a “trade and hope” manner.  Instead of practicing good management techniques, they enter trades placing all of their trading capital on the line while hoping and praying it goes their way. Such trades work out but only 1 out of 10 cases. Most of the time the trader will close the trade before it goes in their favour. This is because they can’t stand the thoughts of losing their account and so they close the trade as soon as they see a drawdown of 15-20pips. If the trader used a reasonable trade size, he could have afforded to hold the trade for longer.

Stop looking for validations

No matter the kind of system you give to certain traders, they will never trust it or take positions when they are supposed to.  They will still go on forums seeking validation from other traders around  in bid to see if anyone is taking the position with them or not. This lack of self-confidence has destroyed the trading account of many traders.

Leverage is a killer

No matter how this point is emphasised, many traders still keep making the same mistake over and over.  If a broker allows you to take 1:1000 leverage, you are not under compulsion to use it. Nothing stops you from using a 1:200 or 1:500 at most.  When you select very high leverage, you will be tempted to use high lot sizes and enter too many positions

Consider changing your broker

If you have noticed any shady dealings in your trading, don’t hesitate to take your money elsewhere.  The most common way brokers cheat traders is by triggering their stop loss even when the market is still 2 or 3 pips away from it.  Anytime your stop loss gets triggered check what the price says with other brokers.

 

 

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  • Self-Education-Fortune


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