Category: Trading

While charts carry historical data for many years back, with past quotes becoming less significant over time, it’s natural to limit your analysis to one (often, more than one) timeframe, which provides enough information to perform a trade. Defining your main timeframe gives you the perfect grounding for identifying the trend and market reversals, and for refining your trade’s entry and exit points with graphical tools and indicators. Choosing the right timeframe is therefore essential for any good technical analysis, which should capture as much relevant data as possible while minimizing…

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Trading is a desirable pursuit. However, few become professional traders capable of turning a stable profit. In order to become a PRO, you will need to study and practice a lot. Knowing what to learn and how to sharpen your newly acquired skills is as important as your persistence and diligence. Today’s article is a step by step guide that will take you from a rookie trader to a hardened investor. Learning the basics As with any activity, whether profit-oriented or not, you would want to start with the basics. Seems logical,…

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One of the most common problems faced by traders is overtrading. The surprising thing is that not many traders know they have this problem, while even fewer know how to overcome it. Taking up more trades doesn’t necessarily mean more profit. Needless to say, this line of thinking can be detrimental to your trading performance. Following the tips below when you feel the urge to overtrade can help you fight this costly habit. Stop micromanaging the trade Have you ever found yourself constantly adding to a trade or moving around…

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With the introduction of a new feature “”, IQ Option traders now have an opportunity to open deals (both Buy and Sell) at the opening price of the asset. This feature is obviously meant to be used when working with Forex and CFDs (contracts for difference) due to the fact that these two instruments are not traded 24/7 and have periods of inactivity. But why would you want to use this new feature and, more importantly, how to get the max out of this seemingly minor change to the platform? Read…

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Discipline is a trader’s best friend. It is the most profitable tool a trader can use and by far the one least employed. Without it all other tools are meaningless, any trade you make is little more than a gamble and that’s not the way to ensure success. What is discipline and why does it matter so much? According to the Merriam-Webster on line dictionary there are a few definitions associated with the word discipline that are important to traders. First and foremost, discipline is control gained by enforcing obedience…

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How to trade without losses? Not possible. Losses in trading are inevitable. Incidentally, it’s just like in any other situation. However, with simple rules and discipline, you can significantly increase your profits! We’ll talk about the rules in this article, and you’ll have to take care of the discipline yourself. Good news: There is no need to trade without any losses at all. To earn, you only need to be in the black. In this case, a fairly large number of unprofitable transactions is permissible. For example, on an asset…

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