Posts Tagged ‘successful trading’

PostHeaderIcon Key Elements Of Successful Trading

When it comes to trading, certain factors determine whether you succeed at it or not. Knowledge as well as trading experience tells traders what they need to know to excel in this very unpredictable pursuit. There are also other key elements that traders need to consider when making their trading decisions. Here are the most important ones. Level of Risk Risk determines just how traders are able to take certain pos

PostHeaderIcon Important Rules For Trading Success

Trading success is something that most traders aspire for but not all can achieve easily. The difference may be on the set of rules that traders try to follow. Some may help them in trying to achieve success while some may not be as effective and instead put them in a place where they don’t want to be. For those who are looking for such rules on trading success here are some of the more common but important o

PostHeaderIcon Creating A Winning Trading Plan

Having a winning trading plan is a must for successful traders. It ensures that every move made on the trading floor is based on a certain set of parameters that will help determine better results. Here are some of the elements essential in creating a winning trading plan. Prepare yourself for trading. Trading is not just about getting the best trading tools to help you out. It also means trying to prepare yourself

PostHeaderIcon Human Tendencies That Affect Trading

Successful trading is based mainly on trying to follow the right trading plan. But even the most disciplined can be affected sometimes by certain human tendencies that can turn that around. There are certain human quirks that seem to affect trading but most traders don’t seem to be aware of. Here are some of them. Fear Of the Unknown It is a human tendency to feel fear about something that one doesn’t k

PostHeaderIcon Using Volume To Improve Trading

Those who have already been in trading will know that volume is the number of units of a given financial asset that has been traded in a certain period of time. Many beginner traders may be quite unaware that volume can also be a powerful tool to use for trading. It can be an important indicator that most traders seem to overlook most of the time. Volume information is always readily available. It might be because

PostHeaderIcon Cleaning Up Your Portfolio

For traders and investors, trading successfully in the market means maintaining and managing a portfolio of assets and securities. It is not always just trying to accumulate and collect a diverse range of investment portfolio. There may also be a need to try and clean up and update one’s list of assets and securities in order to stay current and updated. If not, the portfolio may turn out to become too costly

PostHeaderIcon Importance Of Timing In Trading

Successful trading may be basically characterized by timing. The way a trader is able to time buying or selling stocks or securities may determine whether he or she gains or loses. A trader who buys a stock as a low and then sells it just as it reaches a high and before settling to new lows is said to have great timing. Such an instance can mean huge profits for the experienced trader. Difficult To Master but the p

PostHeaderIcon Developing A Mind For Trading

In order to become successful at trading, a person needs to be able to develop the type of trading mentality. There are certain traits and characteristics that a trader is generally known for which may define the trading style or method he or she follows. It is this type of mentality that may help determine success in the markets for both experienced and aspiring traders. Although they might be found in different d

PostHeaderIcon Understanding Economic Indicators

Effective and successful trading usually also involves looking at various indicators to get the current state of the market. With many indicators probably affecting certain markets in one way or another, there are certain ones that generally may provide traders with a means to gauge what direction a market may be proceeding. Economic indicators may provide a way for them to consider risks and opportunities that may

PostHeaderIcon Applying Trailing Stops In Trading

There are many methods used in trading. Each one has their own advantages and disadvantages. The most successful ones are those that focus also on the basics along with the complexities that may be inherent in every trading situation. One of the basics that should be important in successful trading is knowing the right time not only to buy, but also to sell. Unfortunately, this is where most novice traders make th