You started trading. You did it. You finally went ahead and put your money where your mouth is, and you set up a trade. But it went wrong. You lost the lot. And now you don't know what to do next. Continue? Give it up as a bad job? Get angry about losing the money? No. What you need to do next is work out why it went wrong. And then fix it.
You started trading. You did it. You finally went ahead and put your money where your mouth is, and you set up a trade. But it went wrong. You lost the lot. And now you don't know what to do next. Continue? Give it up as a bad job? Get angry about losing the money? No. What you need to do next is work out why it went wrong. And then fix 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. 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. 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.
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76% of retail investor accounts lose money when trading CFDs with this provider.
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
76% of retail investor accounts lose money when trading CFDs with this provider.
There are a few things that could have gone wrong in this, your first ever trade. The one that is most usual is that you started trading before you were ready. It can be very exciting when you first start to learn about trading. So exciting, in fact, that you can rush in, all guns blazing, before you've done enough research. It's so important to make sure you are completely confident in what you are doing before you started trading. Once you begin, it can be too late to turn back.
Setting your chart correctly is essential, another thing you should have done before you started trading. If you have your charts in order, and you've researched everything thoroughly, then there is far less chance for anything to go wrong.
There is a slogan in the Australian army that goes something like, 'train hard and fight easy'. Remember that phrase. It's important for many things in life, including trading. When you started trading you would have 'trained' beforehand, and that would have made the trading itself much easier. Yes, it's hard work for a little while, but without that training you will be rushing in blind, and you'll be 'attacked' on all sides, eventually limping away licking your wounds.
A good way to begin your trading is to set up a demo account. You can make sure that you know all the ins and outs of the situation before you risk real money. And as for those traders who started trading without the demos, the ones who think that they aren't really trading unless they're risking money, ignore them. Let them get on with what they are doing - they'll lose quickly in the end. You, however, with your charts in place and your demo accounts giving you all the practice you need, will have a much better chance of winning out. There are no guarantees, not even in trading, but there are ways to give yourself an edge.
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