When you rush your trading, you make mistakes. No one needs to trade. Even the best and the brightest. Or at least, no one should feel as though they need to trade. It can become a bit of an obsession, and those who trade can sometimes feel as though they have to place some kind of trade, or they have to be aware of all the trades going on. They can feel bad if they miss a trade, and it can even seem as though they might have to wait a long time to find another trade like it.
The firm's main research and development office is based in Tel Aviv Israel. It originally specialized in Forex and indices spreadbetting and CFDs but has recently expanded in stock trading also.
At the time of writing, eToro has 2.2 out of 5 star on Trust pilot. The comments suggest that the platform offers some impressive features but withdrawing money can be difficult. Having said that, some of the negative reviews appear to be rants rather than constructive criticism. This can be examples of traders losing money through their own recklessness rather than eToro's fault. You should therefore take this reviews with a pinch of salt.
“the platform offers some impressive features but withdrawing money can be difficult.”
76% of retail investor accounts lose money when trading CFDs with this provider.
OANDA is a global financial services company providing advanced currency solutions to both retail and corporate clients all over the world. In this article, we are going to review this broker’s trading options, tools, platforms, spreads, commissions, security measures, and educational resources to help traders make the right choice.
76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing
AvaTrade offers a wide variety of trading solutions (spread trading, CFDs, and social trading), and peace of mind with its comprehensive regulation, covering the EU, Australia, Canada and South Africa. Clients can use a variety of platforms for discretionary and automated trading.
76% of retail investor accounts lose money when trading CFDs with this provider.
Offers multiple asset classes, platforms, and regulated in a variety of regions. Caters for a global audience. Awarded with the Highest Overall Customer Satisfaction Award for 5 years running - Investment Trends CFD Report 2015.
A standalone copy-trading ecosystem, providing equities, foreign exchange, commodities and cryptocurrencies markets. Provides a global selection of brokerages.
Pepperstone is a global regulated broker that provides its clients with the latest technologies for trading multiple assets such as Forex, indices, cryptocurrencies, stocks, ETFs, and commodities. This article provides an overview of its trading platforms, tools, fees, protection measures, and other aspects to help traders make a more informed decision.
Learn not to care
It seems so counter-intuitive, but not caring about your trades is the best thing to do. Remember that the key here is to find the right trade, don't rush your trading, and then leave it all alone once it's done. Doing anything else just brings around a huge amount of pressure that no one needs.
And it's just not necessary. The market is going nowhere, it will be there every time you check, honest. If you miss a trade that would have worked for you, okay, it's a shame, but there will be another one and you can take that one instead.
Understand how modesty can help
As well as putting yourself under far too much pressure for something that is supposed to be a pastime you can also become over confident and cocky. And that's a bad thing. Yes, you might have just had a monumentally successful trade pay out a nice wodge of cash, but guess what? You need to keep calm. Don't rush your trading and immediately throw it all away again because you're feeling like a winner. Take your time.
You won this one because you put all the checks and balances in place, so why would you not do that the next time? The best thing to do after a big win is to close everything down and leave it all alone for a couple of days. Enjoy the winning feeling. Then go back and trade again when the excitement has dissipated a bit. It's the safest way.
Do not leave early - do not rush your trading
Trading can sometimes be scary, especially when you see the numbers falling. That can lead some people to pull out of a trade before they reach their stop point, and that means there is much more chance of a losing trade. The markets could change direction, and you might have won a ton. So do not rush your trading at the beginning or at the end.
The charts and your research mean a lot - listen to what they are telling you! Do not work on what you think the markets will do, focus on what they are doing. That's the only thing that will tell you anything at all.
Only trade when you are fully focused
Everyone has off days. You might be going through a period of family problems, you might have had a knock-back at work, you might be unwell - anything and everything can affect your ability to trade successfully. The best thing to do if you are not entirely yourself for any reason is to step back until you are. Do not rush your trading when you are not 'in the zone' or you will regret it. And so will your bank account.
Conclusion
Being a contrarian investor is not easy. Sitting patiently is not easy when everyone else is talking about their trading success. Do not forget, few new traders talk about their failure! So it is okay. We promise. Do not rush your trading, do not feel as though you are missing out. You do not need to be there all the time. You just need to ensure that when you do place a new trade idea, you are doing so with a clear trading strategy.