Forex Trading- What you should know about it | Online Trading Tips
There are a lot of opportunities online nowadays where one can make a living and in some cases make a serious income which will enable them…
So, what's this story got to do with online trading, you might ask? Well, nothing and everything!
The fact is, it's a very good life lesson. Many traders trade like this – absolutely certain that what they are doing is right, and MUST be right because it's them doing it. And that's totally irrespective of what the markets are plainly telling them!
We get negative feedback from the market, e.g. it moves against our position. So what happens? Instead of having a stop that gets hit and takes us out for minimal loss, we have no stop at all. Or worse still, we actually ADD to the position. That's kind of like saying to the market, "You IDIOT!"
I took off a losing Dow Jones stock index trade yesterday.
That’s not a big deal. After all, you win some, you lose some.
Maybe I should say, I FINALLY took off a losing trade. It’s one of those things. You learn something. You know it. You even teach it to others. And sometimes, you let your discipline slacken and don’t do it yourself!
Dow Jones Stock Market Video Analysis June 2009
FACTBOX-China launches steel futures, eyes global benchmark – CNBC
SHANGHAI, March 26 (Reuters) – China, the world's top steel producer and consumer, is to launch steel futures trading this week, joining four global exchanges offering steel derivatives to set a benchmark price for the 1.3 billion tonne industry. On
DMCC may launch tea futures trading – Business24-7
exporting processed tea, has encouraged officials at Dubai Tea Trading Centre (DTTC) and its parent body, Dubai Multi Commodities Centre, to think in terms of launching tea futures, a senior executive said. Trade at DTTC rose 35 per cent on year in
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