Istock Dice
Online trading can be a tricky thing to get right, more so for new traders. One of the biggest problems that online traders face is knowing when to close a position. Closing a position requires decisive and confident decision making skills. The last thing you want to creep into your mind is superstition or gut feelings. You can retain profits effectively without missing out on future gains and reduce losses by simply knowing the best time to close your positions.

Whether you’re trading Forex, commodities, indices or stocks and shares, closing at the right time is vital for your quest to maximise your profits. Many traders, especially new kids on the block, tend to hang on to profitable positions for too long, getting worked up in the excitement of the markets going their way but before they know it, the market has swung, their greed has gotten the better of them and the profits have vanished.

Read more

Online spread betting is very often touted as a quick and easy way to make money but this isn’t exactly the case. Admittedly, you can make very quick money by placing the right bets but likewise you can also lose your money just as quickly, if not quicker, if you fail to follow some basic rules. Limiting your losses when spread betting isn’t rocket science and it can easily be achieved by using simple, yet effective stop loss functions.

Primarily, you will come across three kinds of stop losses; standard stops, guaranteed stops and trailing stops. Each of these spread betting facilities offers its own pros and cons, as we will explain.

Read more

BetOnMarkets - Bet On Markets

In most instances of trading and investment, volatile markets should be approached with caution. This is because, as a rule of thumb, with traditional trading and investment, you can only really make profits when markets are on the up. However, spread betting at companies like BetOnMarkets allows you to profit from both rising and falling markets. This makes volatile spread betting markets much more appealing than volatile stock markets or currency pairs, for example.

One of the most profitable ways for an experienced spread better to make money in a hurry is by short selling volatile markets. Instead of betting that a market will strengthen and improve in value, short-selling or ‘betting the shorty’ as it’s also known requires you to bet that a market will fall in price.

Read more

BetOnMarkets - Bet On Markets

Spread betting at BetOnMarkets and other leading betting firms is an increasingly popular form of investment for traders in the UK. This is because of the tax free status that betting receives in Britain. With this increase in popularity comes an influx of inexperienced spread bettors and it’s for all of you newbies that we’ve written this Dos and Don’ts of Spread Betting guide, which offers common sense advice that should steer you on the right track.

Spread betting can be a lucrative way to profit from your investments but, as profitable as spread betting can be, it can be equally as expensive when things go wrong and you can lose a huge amount of money in seconds! Therefore, you should take heed of the following tips for successful betting.

Read more

Etoro

No matter which online Forex broker you use, whether it’s HY Markets, AVAFX or eToro (your capital is at risk), many of your fellow traders will be basing many of their decisions to open and close trades on Forex signals. ‘What exactly are Forex signals?’ I hear you say. Simply put, they’re calculations made by experienced individual and corporate traders that specify a number of prices, limits and values regarding a currency pair, offering the best prices to open and close trades, in theory. ‘Why should I use Forex signals?’ This is a common question posed by many ‘a new trader but a conundrum not so often queried by seasoned vets of the virtual Forex trading floors online.

Successful producers of Forex signals will have a proven track record of making the right calls and they will have many followers who employ their strategies to good effect. Likewise, poor performances will be highlighted. However, any fool can make a lucky trade. In fact, ‘beginners’ luck’ has carried new online Forex traders some distance before they have returned to terra firma with a bump. But the successful producer of Forex signals will have years of long term profit behind them, taking losses, but out weighing them with bigger profits.

Read more

HY Markets

Due to the massive explosion of retail Forex traders since the rise in popularity of online trading sites such as HY Markets, a number of observers from other trading industries have started looking down on retail Forex traders as two bit gamblers and maybe this is true in a small number of instances but, as a whole, successful Forex trading is risk management not gambling.

With the exception of gamblers who have control over the outcome of their bets, such as poker players, gambling is a game of chance, which usually has odds stacked in favour of the house. And, as a rule, a rookie player at a casino has the same likelihood of winning as the experienced players. However, in stark contrast, experienced Forex traders at HY Markets and other online broker sites normally make much greater returns and much smaller losses then new Forex traders. This is due to their experience in risk management.

Read more

Etoro

Online Forex trading at sites such as eToro (your capital is at risk) is becoming more and more popular by the day, with casual gamblers from the spread betting sites and online casinos, gamblers that are simply looking for another opportunity, finding their way onto the virtual trading floors. So, we thought we’d put together some start up advice for new traders, in a bid to guide all of you newbies in the right direction.

  • First and foremost is to forget your instincts and rely on the facts. When choosing black or red on a roulette table or when betting on punto or banco at the baccarat table, you have no control over and very little insight into the outcome of the bet. However, when trading Forex online, the currency pairs that you’re ‘betting’ on have very real influences that affect their prices. Smart traders will use these facts to establish trends, whereas the casino gambler will simply take a punt, a tactic that could become very expensive. You will find a number of news feeds and analysis pages in eToro’s community section that will offer informative facts and figures.

Read more

HY Markets

It is well known and well documented that the price of the US dollar directly affects the price of gold because gold is traded in dollars. Therefore, if the value of the dollar rises the price of gold naturally decreases and vice versa. However, a less well known trait is crude oil’s effect on currency pairs, as seen by traders at HY Markets and other online Forex brokers.

Crude oil’s effect on currency pairs isn’t direct. Due to the fact the some nations are ‘oil exporting’ nations, while others are ‘oil importing’ nations, a rise or fall in the price of crude oil will directly affect many nations. The economies of oil exporting nations will be boosted by a rise in the price of crude oil, while oil imports will suffer. The reverse effect would take place if the price of crude oil fell. For example, Canada is the ninth largest oil producing nation in the world, whereas Japan imports 99% of the oil that it consumes. So, if the price of crude oil went up you could expect this to boost Canada’s economy, while stifling Japan’s.

Read more

Etoro

When many new Forex traders first hit the virtual trading floors they are full of confidence and they have often already spent the profits they anticipate making that day in their heads on mansions and yachts. However, trading Forex at sites like eToro (your capital is at risk) is a skill that requires experience, the right mental attitude and strong discipline. There is very rarely quick and easy money on offer, you have to work for it, which is where the three golden rules for new Forex traders come in.

  • ONE – Understand what you’re doing: Many new online Forex traders have barely grasped the concept of markets and their movements before they are throwing big chunks of money at risky trades due to inexperience. Study other traders, which can be done with great effect using the CopyTrader at eToro (your capital is at risk). Utilise the free practice account available that they offer too.

Read more

Etoro

For some new online Forex traders, predicting the fortunes of currency pairs seems like a simple way to make some big bucks. However, this couldn’t be further from the truth. Even though online Forex trading sites such as eToro (your capital is at risk) have opened up this once exclusive investment opportunity, there are still many professional traders and financial institutions out there trading against you. This is why practice accounts are perfect for novice Forex traders.

All too often new Forex traders deposit their funds and start trading without the necessary skills and experience to trade successfully. This can lead to serious financial loss. However, practice or demo accounts, like the ones found at eToro (your capital is at risk) and other leading online Forex brokers, can offer you the necessary experience and market familiarity that’s required to get ahead.

Read more