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DAY 12 - COMMON MISTAKES BY RETAIL TRADERS

There is a famous trading quote "A trader is the weakest link of any trading system". In this post, I have tried to identify some of the common mistakes we (retail traders) make while trading, which diminish our chances of consistent profitability and survival in this business.
1) Boredom: The trader wants some action, so they initiate a trade. Trades should only be enacted when entry signals are reached and not to alleviate boredom.
2) Frustration: Frustration comes from expectations not bein…
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US EMPLOYMENT ISSUE Affects Currency Trading et.al.

The last update data of employment report I gathered was June 2014, after one month as per the newly reported data, the result is impressive in favor of US economy. A healthy net gain of 217,000 jobs in May confirms our expectation of a faster hiring pace in the latter half of 2014. By year-end, monthly job creation should be running at about 230,000 a month, with a total of 2.6 million workers added to payrolls over the year. Monthly gains so far this year have averaged 214,000 a month.
In a re…
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Economic Outlook affects Forex Trading

I picked the most traded pair EURUSD as an example, traders are reacting and the sentiment are mostly focus with this pair. First, we look back to the much awaited data results from US economy which surpass (surprise) us and breaking all their data record for several years.
GDP
The result of second half of 2014 GDP data rising at about a 3% annualized rate as the expansion cycle matures and hindrances
to growth ease. Given the dismal first quarter (a -2.9% growth rate) and the likelihood that …
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How to think like a Price Action Trader

Since market volatility is very thin, I thought there is no point in looking at charts and trying to find trade opportunities in a trade a 30 pip daily range. So I did some reading and here are some interesting points which could be helpful for price action traders :
1) Preserving win rate at the expense of risk/reward is foolish and a sign of a lack of confidence.
2) Very rarely taking a full loss on your losing trades is not something to be proud about. It very likely means your initial SL was
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Daytrader21 avatar

It is always good to remember some valuable advice, you are never to old to learn new tricks in this game, but the most valuable advice is: Cut your losses short and let your winner run.

alifari avatar
alifari 26 Dec.

"Cut your losses short and let your winner run". I agree but the fact is it is the most easiest thing to say in trading, but most difficult one to implement.

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geula4x 26 Dec.

+1 Liked: Nice post with very interesting ideas! Thanks for sharing and happy trading :-)

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Retail Traders

I read it on web and thought I would share here:
One is a professor surrounded and besieged by huddled students. The other is a solitary scholar, sitting in the tranquility and privacy of his chambers, at ease in the spacious and comfy room where his thoughts can move freely. Here we encounter the tumult of schools, the dust of classrooms, the indifference to beauty in collective workplaces,
There, it is all order and beauty, Luxe, calme et volupte'
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geula4x 26 Dec.

+1 Liked: Beautifully written! I just wish we could all have the ideal trading conditions in real live :-) Happy "Solitary Scholar" trading :-)

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CFDs (Contracts for Difference)!


Dear Community Members ,
If you are interested to learn more about CFDs ,what they are & why should you trade them check my articles.

1.Contracts for Difference Part 2: Retail Traders or Institutions?
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CFDs (Contracts for Difference)!


Dear Community Members ,
If you are interested to learn more about CFDs ,what they are & why should you trade them check my articles.

1.Contracts for Difference Part 2: Retail Traders or Institutions?
Read full story
Translate to English Show original
orto leave comments
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Contract for Difference ( CFDs)!

Dear Community Members ,
If you are interested to learn more about CFDs ,what they are & why should you trade them check my articles.


1.Contracts for Difference Part 2: Retail Traders or Institutions?

2.Contracts for Difference Part 1 :Basics

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