Sep 162013
 

Trading for a Living Successful trading is based on three M's: Mind, Method, and Money. Trading for a Living helps you master all of those three areas:* How to become a cool, calm, and collected trader* How to profit from reading the behavior of the market crowd* How to use a computer to find good trades* How to develop a powerful trading system* How to find the trades with the best odds of success* How to find entry and exit points, set stops, and take profitsTrading for a Living helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts so that no string of losses can kick you out of the game. To help you profit even more from the ideas in Trading for a Living, look for the companion volume--Study Guide for Trading for a Living. It asks over 200 multiple-choice questions, with answers and 11 rating scales for sharpening your trading skills. For example: Question Markets rise when* there are more buyers tha
Price:$49.99 (as of October 6, 2013 at 4:34 pm UTC detailsProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on www.amazon.com at the time of purchase will apply to the purchase of this product.)

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Trading for a Living: Psychology, Trading Tactics, Money Management
Oct 072012
 

Binary Brokers Account Sizes

Forex trading is one of the most effective business opportunities you can believe of joining today. No other market inside the world enables the Leverage that the profitable world of currency-trading does. Leverage is all about margin trading. Within the Forex market, it truly is essentially the ratio of the amount utilised in a trade to the needed security deposit necessary, by the particular broker you chose to make use of, for that trade.

Normally, for most brokerages, a margin deposit of just $1,000 allows you to control a $100,000 position within the Forex market. That is 100:1 leverage, or 1%. Or, stated in a distinct way, a regular full-sized account, sometimes referred to as a 100k account, allows you to trade with lot sizes equal to $100,000. Every single lot is worth $100,000 in currency. So It would only demand $1,000 to trade one lot.

This good feature in Forex trading is what makes this market the hottest marketplace to trade in suitable now. The Forex broker has given you a loan of $99,000 dollars secured only by your $1,000! This is a massive loan and, as you could know by now, this is what makes it possible for traders to create extraordinary incomes in this marketplace. And, as you also are probably used to hearing , “leverage is a two-edged sword” , it is what can cause you to lose a great deal of dollars in the event you trade without having rules or Stop-loss orders.

But just as an example, let’s say you were a person that likes to trade with reckless abandon, i.e., with no technique, no prevalent sense, no money- management principles, etc. Thats in no way recommended for everyone, but being a Forex trader has such excellent advantages, that even an individual with a trading mind like the one described just before, will never lose far more than what he has placed into a trade.

Unlike Futures (Commodity Trading), the marketplace that many people associate with High leverage, you may by no means have a debit balance when trading Forex.

So, despite the greater leverage associated with FX trading, it’s still arguably much less risky than futures trading. Futures markets are often prone to sudden and dramatic moves, against which you cant safeguard yourself, even by trading with protective stops. Your position may perhaps be liquidated at a loss, and youll be liable for any resulting deficit inside the account. But due to the Forex markets great liquidity and 24-hour, continuous trading, hazardous trading gaps and limit moves are pretty unprobable. Orders are executed quickly, with out slippage or partial fills, which is just terrific.

And as it was not sufficient, you can find no margin calls, for your protection, the forex broker’s trading platform will automatically close out some or all of your open positions if your account equity, meaning the total floating value of the account, falls below the level needed to hold the positions. Feel of this as a final, automatic stop, usually working on your behalf to stop a debit balance.