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How to get over a big loss in Trading

How to get over a big loss in Trading

Unfortunately, trading the markets incurs losses.. there is no way about it.. trading is the art of managing losses. As a new trader or someone learning to trade, you will feel a lot of emotions when you lose money and these emotions will be counterproductive to you making money from the market. It's a funny thing trading psychology...  we have evolved as human beings to be completely crap at trading which is why it's so difficult to do. However, personally, I've found trading to be extreme

November 13, 2013 No Comments Full Story

Lost over £500 on the Binary markets

Lost over £500 on the Binary markets

Today I was have a quiet and thought I’d play around with the binary markets. They have 5 minute binaries which can even make the most boring quiet market days really exciting. With binaries, the market goes from 0 to 100 and in 5 minutes, it’s can traverse from one extreme to the other. However, any short term market.. and especially a very short timeframe such as 5 minutes, you’re practically dealing with ‘noise’ and therefore, randomness. There’s no skill in this, it’s ju

October 31, 2013 No Comments Full Story

Long Timeframe Trading vs Short Timeframe Trading

Long Timeframe Trading vs Short Timeframe Trading

My first thought is that new traders should start off with the longer timeframes… shorter timeframes are extremely stressful and a quick way to lose money particularly when you’re starting out. That’s not to say that it’s not possible but the likelihood that you will burn out is greatly increased if you run before you can walk. Trading the Daily timeframes work better as there’s less ‘noise’ in the markets..  you’ll see less signals but the moves should be bigger and you igno

October 29, 2013 No Comments Full Story

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