Showing posts with label Trading. Show all posts
Showing posts with label Trading. Show all posts

Thursday, July 9, 2009

Structured Settlements

In the deep resesion , we can make a lot money being Purchase Structured Settlements, we negotiate our loan or make a new loan. We can manage our tight money. With these we can make an investment. Purchase Structured Settlements has been so popular.

Monday, November 3, 2008

Evaluating Your Trading Results

Regardless of the outcome of any trade, you want to look back over the whole process to understand what you did right and wrong. In particular, ask yourself the following questions:

 How did you identify the trade opportunity? Was it based on technical analysis, a fundamental view, or some combination of the two? Looking at your trade this way helps identify your strengths and weaknesses as either a fundamental or technical trader. For example, if technical analysis generates more of your winning trades, you'll probably want to devote more energy to that approach.

 How well did your trade plan work out? Was the position size sufficient to match the risk and reward scenarios, or was it too large or too small? Could you have entered at a better level? What tools might you have used to improve your entry timing? Were you patient enough, or did you rush in thinking you'd never have the chance again? Was your take profit realistic or pie in the sky? Did the market pay any respect to your choice of take-profit levels, or did prices blow right through it? Ask yourself the same questions about your stop-loss level. Use the answers to refine your position size, entry level, and order placement going forward.

 How well did you manage the trade after it was open? Were you able to effectively monitor the market while your trade was active? If so, how? If not, why not? The answers to those questions reveal a lot about how much time and dedication you're able to devote to your trading. Did you modify your trade plan along the way? Did you adjust stop-loss orders to protect profits? Did you take partial profit at all? Did you close out the trade based on your trading plan, or did the market surprise you somehow? Based on your answers, you'll learn what role your emotions may have played and how disciplined a trader you are.

There are no right and wrong answers in this review process; just be as honest with yourself as you can be. No one else will ever know your answers, and you have everything to gain by identifying what you're good at, what you're not so good at, and how you as a currency trader should best approach the market.

Currency trading is all about getting out of it what you put into it. Evaluating your trading results on a regular basis is an essential step in improving your trading skills, refining your trading styles, maximizing your trading strengths, and minimizing your trading weaknesses.

Rehulina Sembiring

Forex Trading Software Can Be Dangerous For Your Account

Many new traders are looking for a simple solution to make profit in
Forex. Trading software become more and more popular lately. I see there
are two kind of software. One shows the trading opportunities on the
chart. It can be something very simple like combination of moving
averages. Or it can be quite sophisticated based on some complex
algorithm to generate buy and sell signals. Another type of software is
the one that actually opens a trade on trader's account. Can those
pieces of software actually help in trading? Are they any threat to your
trading account? Let's discuss it in more detail.

1. Auxiliary trading software

By auxiliary trading software I mean the software that either shows the
simplified data like indicators or give buy and sell signals. It looks
like it can really simplify the task of finding right trading
opportunity so that a beginner trader can trade Forex as good as some
advanced currency trader. Unfortunately as practice shows it is not the
case. Advanced trader if he uses the software will make profit while a
new trader who is not very familiar with the market will lose his money
using exactly the same software. Why is that so? Again the big
difference is in mindset and patience to rigorously following the
trading rules.

1. Automated trading robots.

The second type of software, as I have mentioned, is the one that
actually performs trading on your account. It seems like a holy grail
since a machine does not have human emotions like greed and fear.
Therefore it should not be susceptible to trading errors that a human
trader makes due to those emotions. Again practice shows that
application of these robots gives different results for different
traders. Experienced Forex trader will test the software thoroughly
before applying to his own account. But most new traders seeing how it
performs a few trades put the software to their live account to lose
their money quickly.

What's the reason for such a different results? First of all these
pieces of software are based on some kind of trading strategy. There is
no universal trading strategy that would make profit in any market
conditions. For example a trading system that makes profit in trending
market will lose money in ranging market. Only a human can identify the
difference in market condition and adjust the use of software
accordingly.

That's why it is necessary to study market and practice your trading
skills. It will develop your trading mindset that will allow you to
trade profitably. Once the mindset is in place trading tools like
software and robots will only help you to achieve success faster.
Otherwise they will help you to empty your trading account.

FREE FOREX SIGNAL info : aaafx@yahoo.com
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Top 10 Investing Mistakes

Before investing, it is imperative that you have money to set aside for such purposes. This means income beyond that needed for your living expenses. Once you have an amount that you can invest, it is up to you to focus on your investment objectives. Common reasons why people begin their investment
  1. Lack of diversification. Rule of thumb, if you put all of your eggs in one basket you are taking a much greater risk than if you diversify. Spread your investment money around.
  2. Looking for instant results. Most investments take time to grow, particularly if you are invested in the stock market. Too many investors make the mistake of getting easily frustrated and selling quickly. While there are successful day traders, it is not recommended for most people and not the way to build an investment portfolio.
  1. Chasing results. Yesterdays hottest stocks or funds are not necessarily today's. Research investment vehicles and look for those that you anticipate will do well based on past results and indicators of future performance.
  2. Not thinking of allocation first. Buying a stock, bond, fund or other investment before determining your asset allocation is a very common mistake. Too many people put the cart before the horse. The first step toward successful investing should be determining how much you plan to invest in each asset class (i.e., bonds, stocks) to meet your goals.
  3. Not assessing your level of risk. Essentially, you have to consider how much money you can comfortably afford to lose without losing too much sleep. Investors frequently make the mistake of jumping into high risk investments for which they were not prepared.
  1. Not doing your homework. No matter what type of investment instrument you are considering, it is important to do the research. There are numerous web sites and publications in which to research and compare companies.
  2. Deviating from your investment objective. One of the biggest mistakes investors make is not sticking to their original investment strategy. Do not let yourself get diverted by a hot tip, a sudden trend or a sudden down market.
  3. Not understanding a particular investment. We have all heard stories of individuals who have been talked into investing in futures or other investment vehicles that they did not fully understand. Make sure you are have an understanding of the type of investment and you are comfortable with the risks involved before proceeding.
  4. Blindly following the advice of a broker. If brokers knew all of the best stocks and mutual funds they would have made enough money to retire. Therefore, you should still do some research even once it is recommended by a broker. You also have to work only with a broker whom you feel you can trust implicitly.
  5. Not following your investments. Many people pay attention to their investments for a while and then make the mistake of getting sidetracked or losing interest. You should keep track of your investments on a regular basis.


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