Tag: trading tips

Rules for Investing on Stock Forex Markets

There is no accountability in the financial guru’s who come on TV. People who have been wrong about everything for years still draw crowds.

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Just High income will not make you wealthy, saving and spending responsibly will.

Time Is Much More Valuable Than Money.

What markets do day to day is overwhelmingly driven by random chance. Attributing explanations to short-term moves or discussing them is like trying to explain lottery numbers.
The best investors in the world have more of an edge in psychology than in finance.

Make a brain tattoo of the Buffett quote about progress: “First come the innovators, then come the imitators, then come the idiots.”

The next recession is never like the last one.

30 years from now the NIFTY50 will look nothing like it does today. Companies die and new ones emerge.

investors are plowing money into them. Fear can be a much stronger force than arithmetic.The real interest rate on 20-year Treasuries is negative, and investors are plowing money into them. Fear can be a much stronger force than arithmetic.

Marty Whitman says about information: “Rarely do more than three or four variables really count. Everything else is noise.”

The low-cost index fund is one of the most useful financial inventions in history. Boring but beautiful.

The most boring companies — toothpaste, food, bolts — can make some of the best long-term investments. The most innovative, some of the worst.

Marty Whitman says about information: “Rarely do more than three or four variables really count. Everything else is noise.”

Investments that offer little upside and big downside outnumber those with the opposite characteristics at least 10-to-1.

The phrase “double-dip recession” was mentioned 10.8 million times in 2010 and 2011, according to Google. It never came. There were virtually no mentions of “financial collapse” in 2006 and 2007. It did come.

Most IPOs will burn your money. People with more information than you have, want to sell. Think about that.

When someone claims to get rich quick schemes based on charts, moving averages, head-and-shoulders patterns, or resistance levels, walk away.

Professional investing is one of the hardest careers to succeed at, but it has low barriers to entry and requires no credentials. That creates masses of “experts” who have no idea what they are doing.

Not a single person in the world can predict what the market will do in the short run. Thus, stop trying to Predict the NIFTY movement or believe in someone who claims to do the same.

The majority of market news is not only useless but also harmful to your financial health.
As Mark Twain says about truth: “A lie can travel halfway around the world while the truth is putting on its shoes.”

How much experience a money manager has doesn’t tell you much. You can underperform the market for an entire career.

The more someone is on TV, the less likely his or her predictions are to come true.

Thirty years ago, there was one hour of market TV per day. Today there are upwards of 18 hours. What changed isn’t the volume of news, but the volume of nonsense.

Don’t worry if you don’t understand a big bank’s balance sheet. The people running it and their accountants don’t know either.

There will be seven to 10 recessions over the next 100 years. Don’t act surprised when they come.

Slow success builds Character.
Fast success builds Ego.

Being beautiful is good.
Being good is more beautiful.
And the real test of goodness is during your bad times.
How you handle yourself in adverse circumstances makes all the difference.

When a bubble bursts,
new investors learn old lessons.

The best opportunities are never recognized by most people when they arrive.

Nothing can destroy iron, but it’s
own rust.
Likewise, nothing can destroy a person, but his own mindset.

Freedom is not the right to do as we please, but the opportunity to do what is right.

Good citizenship means living up to all the right values that make the country great.

Every good citizen adds to the strength of a nation making his country’s honor his own.

Most of our modern life is set up in the path of least resistance.
Most people don’t want to suffer or feel any discomfort.
We’ve designed our lives to be in a comfortable area.
Is there any growth in that?

Your competition can copy your work, your style or your method;
But, NO one can copy your passion.

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Top 10 Trading Tips

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  1. Be Patient
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Don’t try and run before you can walk. If you are new to trading you must realize that you won’t become wealthy and successful overnight. There will be a period of learning in which you should use the tools available to research the various currency pairs, trading strategies, tools etc. Setting up an account and just getting carried away in the excitement will only lead to you losing money and not maximizing your opportunities.

  1. Learn About The Industry

What do you really know about Forex trading? OK so you understand the basics of the currency pairs, the majors, minors and exotics and how to make a trade but do you know everything there is to know. What is a Pinocchio strategy or a candlestick chart for example? Like everything, when we are new to it there is still so much to learn. You can’t just get in a car and drive off if you’ve never had a lesson, right?

  1. Choose a Great Broker

The right broker will make your Forex trading experience so much more successful, enjoyable and stress-free. Make sure you shop around and find the one that offers what you are looking for. You need to ensure that they provide a mobile responsive website or an app, a demo account, welcome bonuses and more importantly that they are licensed and regulated with a recognizable regulatory body.

  1. Take Advantage of a Demo

Practice makes perfect and a demo account is an excellent, no-risk method of practicing your trades. Using a demo account means that you don’t have to risk any money until you are ready. You can become familiar with the platform, how to execute trades, get familiar with the tools and various charts and learn from your mistakes with virtual funds that don’t cost you a dime.

  1. Investigate The Bonuses

When you are being bombarded with the temptation of one bonus after another you need to ensure that you weigh them all up and what you are indeed being offered. Most

Forex brokers will insist that you trade the bonus several before it can be withdrawn. Many brokers will offer a matched deposit or a percentage of your deposit while others will allow you to sign up and get a no deposit bonus. The no deposit bonus is great for allowing you to trade for free.

Practice makes perfect and a demo account is a great way to practice trading.

  1. Don’t Risk Too Much

Like anything it is essential that you only risk what you can afford to lose. That’s not to say that you will lose it but there is a chance that you could. If you are trading your mortgage money, your rent or your car payment then don’t do it. You could lose that money as quickly as you could win and once it has gone there is no way to get it back except to keep trading with more money that you can’t afford to lose.

  1. Keep Reading

Markets react to global news, trading conditions change, new strategies are introduced and things are continually evolving. Nothing stays still and neither should you.

You need to make sure that you continue to educate yourself when it comes to all things Forex and financial. Keep reading information, after all, knowledge is power.

  1. Trade on The Short Trades

Short trades mean quick wins hopefully. By trading on the short trades, rather than the longer ones there is much less that can go wrong. If you wait too long, then you could find your fortunes reversing. With the short trades, you can make your money and then move onto the next one. While you will find that you need to place more trades to make the same money at least you are slowly building up that account balance.

  1. Treat it As a Business

Imagine you are investing in a business. You want it to be successful and profitable, so you take measured risks that will return on your investment. You don’t recklessly buy expensive machinery in your first weeks of trading unless you can afford to. Treat your trading as your own business and nurture it so that it grows and provides an income for you.

  1. Only do What is Comfortable

You know what you feel comfortable with. If you are a ten-dollar trader, then don’t suddenly trade a thousand dollars on a single trade to make some quick money.

Imagine how many small trades it will take to make that back! Likewise, don’t suddenly start trading in different currency pairs on a whim unless you have researched the market and are prepared to start small.