This thread is to cover one of the most important topics for those involved in financial spread betting or any other form of trading.
Let's be honest and see 3 most common reasons why many lose and what part spread betting plays there. #spreadbetting independentinvestor.com/spread-betting…
1. Over-leveraging.
Probably the most common mistake out-there - don't over leverage; yes, potential returns might be tempting but you want to use spread betting as a trading platform rather than a gambling one so keep your leverage in check. #Leverage independentinvestor.com/spread-betting…
2. Over-trading.
Over-trading is another common mistake novice spread bettors make. Don't trade just for the sake of trading but spend more time learning and analysing your potential positions. More learning = more profit.
3. Emotions.
It's one thing to trade on a demo account where you don't really care if you win or lose but try to test a platform and maybe your strategies but it's totally different when you trade for real and your money is on the line. Try to control your emotions.
Day Trading Basics That Every Beginner Should Know
The prospect of trading online has bred a new crop of investors who trade in the comfort of their homes. It's a section of the industry that is enjoying a steady rise. independentinvestor.com
Day trading is one faction of online trading that has attracted high risk traders who can be able to keep tabs on the ever changing prices of different financial instruments. Some would argue that day trading is not really investing given the limited time.
Day traders basically keep an eye on the fluctuating market prices, and sell whenever it suits them. Trades typically last very few minutes. Traders often use CFDs because they offer faster transaction speeds and result in better execution prices. independentinvestor.com/cfd/
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Learn about share dealing (stock trading), financial spread betting, CFD, and forex. Whether you're just a beginner or a professional traders there's plenty of information and tutorials.
Broker comparison tables are being reworked and improved to make sure traders only choose from regulated and reputable brokers regardless of the trading instrument they might prefer.
Psychological Tips on Forex Trading
Do you want to be a better forex trader; get a better forex broker? If you want to earn more as a trader, you should take note of the following tips to be psychologically poised and ready to take on the currency market:
1. Take note of the past trends. If you know the history of the market, you can make better decisions and predict what the future will possibly be like.
2. Don’t be controlled by your tools. Although the Forex robot and advisers are helpful, don’t let them make the decisions for you. Look for other sources of information before you decide.
Why Volume Matters when Trading FX?
There is a myth out there that suggests that volume in fx markets does not exist and furthermore if it did, it cannot be calculated. The reason for this explanation is as below:
Stocks and Futures are traded on a centralized exchange, therefore each trade that goes through is recorded and therefore is readily available, making it very easy for a trader to view the volumes on any given day.
In fx however, there is no actual centralized exchange, rather fx is traded through an inter bank system, thus making it very difficult to see what the volume is and where it may be coming from.
Share trading involves buying shares (stocks) of publicly traded companies and the hope the price would go up and you make profit.
But if you're new to investing, it's not as easy as it sounds.
Let's see some of the examples. #invest#trading#shares independentinvestor.com/share-dealing/…
1. Good deal. In 2006 Google bought YouTube for $1.65 billion, fast forward to 2020 and taking into account that YT makes up about 10% of Alphabet Inc revenue, it would be worth around $100 billion now. That's staggering 6,000% ROI in just 14 years. #alphabet#goodinvestment#ROI
2. Bad deal. On the other hand, in 2013, Yahoo acquired Tumblr for $1.1 billion, fast forward just 6 years, and in 2019, yahoo sold it to Automattic for $3 million.
Whether you buy a company or just shares, it's important to do your research. #StockMarket distractify.com/p/memes-tumblr…
Financial spread betting is a saturated market and the competition among brokers is fierce, giving a great opportunity for spread bettors to shop around.
In this thread we look into providers and how to find a good deal. #spreadbetting#brokers independentinvestor.com/brokers/spread…
1. Range of Markets. Some brokers will offer over 10k different financial markets to choose from so make sure your chosen provider offers the markets you want to trade. Some accounts will offer a wide range of shares to trade whereas others might offer more fx pairs. #forex#fx
2. Trading Platform. Most of the time spread betting comparison websites will list platforms offered by each broker, so at a glance you can select a provider who offers you the trading platform you're most comfortable with.