TRADING AS A PROFESSION
Nowadays, many perceive trading as a path to get rich quickly and live a wealthy life, but most of the times this is not the case!
However, it is also true that trading for a living unveils significant financial opportunities – you can make your dream house or luxury car a reality.
But such achievements will only be realized through carefully designed strategies, emotional resilience and, of course, a lot of time and effort.
You should love the job to be successful, and you have to go into trading only when you know what you are going to encounter, and if you are ready to follow some rules that more experienced traders are following:
Automation in Trading: Pros and Cons
Electronic trading platforms invade into traders lives more and more in the last years. A trader is able to trade thousands of markets all over the world from his laptop or his mobile phone. It’s very easy to open/close positions, to have configurable charts, to put technical analysis indicators and many other actions that only professional traders, banks or funds were able to do just a few years ago.
There’s something more important though, something that many retail traders don’t know even if it exists or they have a limited comprehension on it: automation
Myths & Facts for Traders-Part 1
We are all familiar with such kind of pictures showing us how we could become successful traders and start using trading for a living!
When you see a chart like this, everything seems much simpler! The only action you have to do is wait until the blue line crosses the red one.
Eleven simple tips for profitable trading
In recent years, more and more people have been involved with trading either as professional traders or as amateurs looking for an income supplement.
In this article, we present a series of principles and practices that a trader should use in order to have increased probabilities for profitability. We need to underline that these practices are not directly connected with each trader’s selected strategies but they have to do mainly with the application and the implementation of each strategy. We should never forget that the most important enemy of a trader is not the markets or the volatility but the trader himself or herself. Finally, we would like to remark that the sequence of the following principles is not necessarily ordered by importance.
