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  • Bsadamsmith's Avatar
    14 posts since Feb '16
    • Do you think financial market is pretty simple to understand? Well, it is not because there are many things you need to learn before you dive in. Most of the naïve traders enter the financial market without the knowledge about the market. If you have the understanding of the CFD market you will be able to trade successfully. Actually, the Singaporean traders are the successful traders who make sure to grasp the market knowledge. This particular instrument will help you to benefit from the price fluctuations in indices, commodities, stocks and much more. Actually, when dealing with CFDs you are not purchasing them directly i.e. you get the profit between the differences of closing and opening price. You don't get the ownership of the assets. There are brokers who offer the wide ranges of access so as naïve traders you should make sure to obtain the services from the reliable brokers. Let us read further to get some knowledge on CFDs.

      Everyone wants to master the art of trading. But according to statistics, only 5% of the traders are able to make money on regular basis. In order to save yourself from the highly volatile market then you have to learn more details about this market. If you take too much risk in any single trade then you have high chance to lose a big amount of money. If you truly believe that trading is the right profession for you then you have to learn all the details of this market. Try to learn about technical and fundamental analysis since it will help you to build your own trading system. Instead of trading the market with your real money, demo trade the market for the first six months. Always remember that you should save your trading capital at any cost.

      How to trade CFDs

      This is traded as you would trade Forex so if you are familiar with Forex trading you would not find it difficult. You just need to see CFD market as a simple thing because if you consider it as a complicated market then, you will not be able to trade successfully. You should make sure to choose a reliable platform and then enter into a trade by considering the instrument you wish to trade. Just like you trade currencies you should anticipate the price movements and decide whether to sell or buy. In CFD trading, there is nothing much to learn but as a trader, you should be cautious. If your predictions are wrong you may face higher losses so you should be aware of the risks in trading. Actually, you have a lot to learn about the market because it is a wide market. As naïve traders, you cannot trade successfully without learning the market information so make sure to focus on it. 

      How to select the trading platform

      There are different trading platforms which are operated manually and automatically so it is up to you to select the suitable one. When you are selecting the trading platform you should make sure to focus on the tools, features, and many other functions of the platform. If you are finding a platform you should check whether it is convenient to use. Actually, the option of demo trading is great for naïve traders because they can trade the market successfully if they practice in the demo account. If you demo trade you would not lose your money but you will gain experience which is a great chance for you. So make sure to utilize it, if you want to become a successful trader.

      The CFD costs

      You would already know the costs related to CFDs but you should make sure to learn the costs so you will be able to take necessary steps to cover the costs. Each and every contract has a maturity date so you should bear that in mind. However, as naïve traders, you should learn the market perfectly.

  • Bsadamsmith's Avatar
    14 posts since Feb '16
    • It is very easy to lose money in Forex. Most of the time, traders in the market simply lose money by trading in the market. It may sound surprising to you how people lose money when they are trading. But it happens, and the reason they lose money is they overtrade the market. They do not know when to stop trading and thus keep on trading on the market. If they lose a trade, they trade again hoping to regain what they have lost, and lose again in the market. This is a cycle of losing and they do not stop until they have lost their capital.Trading in Forex is not a game where you can trade the market because it has random winners. 

      Though masters of Forex use the word random to say that, every time winners of the market are different, they also mean this market is changing so quickly and it is not possible for traders to correctly guess the market each time they place trades. The professional traders in Singapore always consider trading as a probability. No one in the world can find 100 percent accurate trades, so if you find any website claiming to do so,stay away from them. In order to survive the market, you need to strictly follow proper money management so that you can afford to take losses.

      Less trading can protect your money

      If you place 20 trades on the market and another trader has placed 10 trades in the market, who do you think will have the most profit in the market? You may think it is you who have placed more trades so you have more chance in the market. You will find that traders who has placed fewer trades in the market have the most profit. He is placing a smaller amount of trades which gives him the time to analysis the market beforehand. Making a profit in the exchange traded funds industry has no relation with your trading numbers. If you place fewer, but quality trades in the market, you will make more profit. Placing more, but cheap trades in the market will not make you a winner in the long term. 

      People will not simply give $800for an iPhone if it becomes slow after six months. Quality comes first and profit is its logical sequence. When you place fewer trades, it will be better than the other traders, and you have less chance of losing your capital. Many traders in the market have lost their profit because they overtrade the market. Know when to trade and when not to. It is as important as making your profit and protecting your capital.

      Develop a solid system

      The Forex market is a dynamic market and every single second it’s changing its nature. As a new trader you need to develop a solid trading strategy which will guide you to finding the best possible trade setup. Another mistake that many novice traders make is they trade the lower time frame for high-frequency trade execution. However, expert traders always suggest using the higher time frame since it gives the high-quality trading signal. Never place the trade based on your technical analysis only, rather, try to learn the fundamental analysis skill as it will help you to place a trade in favor of the existing trend. Some professional traders even consider fundamental factors, such as the key price driving catalyst. Try to develop a balanced trading strategy which will take care of all the essential trading parameters.

      Edited by Bsadamsmith 14 Jul `17, 11:36PM
  • Bsadamsmith's Avatar
    14 posts since Feb '16
    • Online trading is challenging as well as advantageous to many traders around the world; in fact, the Singaporean traders have admitted the truth that the forex successes have parachuted because of the advancement in technology. Actually, online forex gives the traders much rewarding experience based on the platform, broker, and the online trading account. You need to focus on the tools and indicators when you are trading forex. If you check on the traders in Singapore they spend most of their time in researching the tools to trade.

      First of all, remember, that anything which you get without hard working will not remain with you so need to work hard if you want it that badly. In the forex market, there are many traders who have failed many times yet they never gave up because they knew trading forex will bring in more money. But more money will not be generated without the hard work. Online accounts can be advantageous if you know the way how it works as the technology brings both good and bad at the same time. Let us learn more about it.

      Have you decide to trade online

      If you have the capital which you are ready to risk then you can trade online. When you are thinking about trading online the first thing you need to make sure is that you are comfortable with online trading if you are not comfortable then do not do it. When you trade forex it should be comfortable for you so make sure to study about online trading before you make up any decisions. You need to focus on selecting the online trading platform, online trading account, and the online brokers too. After you make sure that you have done the right choices you can start trading online.

      Have you landed on the right platform?

      If you are in the online trading market then you are likely to have many choices yet locating the right choice could be difficult. You need to focus on selecting the right platform to trade so find a reliable broker who will offer you the best services. You will be confident with online trading and the trading platform if the broker is well-versed to answer all your questions. So, make sure to reach the right platform to trade. If you look at the professional traders at Saxo then you will notice that every single one of them is trading the live assets with the robust trading platform offered by Saxo. It's highly imperative that you trade in a premium trading environment so that you can do the perfect technical analysis in the market.

      Have you got all the documents?

       

      Once you are done with selecting the right broker and the platform you need to create or register for the new online trading account. In order to open the account, you need to provide the personal information, work information, identification card and some other documents (it may vary). To be a precise trade with a legit broker and have all the documents preserved for your future use.

      Edited by FireIce 12 Jun `17, 11:53PM
  • Bsadamsmith's Avatar
    14 posts since Feb '16
    • Chart pattern trading is very much popular among the professional traders in the financial market. The experts use the most reliable chart pattern in the forex market to catch the large movements of the market. If you look at the professional traders in the Singapore trading community then you will notice that most of them are riding the long term trend by using the reliable chart pattern. Forex trading Singapore is very much popular and many traders are considering trading as their full-time business in the world. But trading the most reliable chart pattern requires extensive knowledge in the forex market. In this article, we will discuss top three ways to trade the most reliable chart patterns in the forex market.

      Trade the higher time frame: The novice traders in the financial market always trade the lower time frame in the market. If you look at the professional traders then you will notice that every single one of them is executing their orders in the market in the higher time frame. Forex trading Singapore is so much popular that many traders are now considering it as their prime source of income. If you are determined to master the art of trading then make sure you are trading the reliable chart pattern in the higher time frame. It’s true that you can also trade the chart pattern in the smaller time frame but the quality of the trading signals will be low.

      Use price action confirmation signal: Price action trading strategy is the study of the raw price data of the financial assets. The experts in the financial market use the reliable candlestick pattern to execute high-quality trades. When you are trading the breakout of the chart pattern make sure that you are using the price action confirmation signals in the market. Most of the novice traders in the forex market trades the chart pattern without any price action confirmation signal and thus they lose money in trading. But if you truly want to become a profitable trader then you must use the price action trading strategy in the market. Forex trading Singapore is now very popular since most of the traders are capable of generating profit by trading the reliable chart pattern with the help of price action signal.

      Fundamental factors

      Fundamental factors are the most powerful price driving catalyst in the forex market. If you closely look at your trading chart then you will notice that most of the time the breakout occurs in favor of the long-term prevailing trend in the market during the event of the high impact news release. So when you trade the chart pattern in the market make sure that you do the fundamental analysis in the market. If you ignore the fundamental analysis in the market then it will be extremely difficult for you to trade the breakout of the price of certain assets. It’s true that mastering the art of fundamental analysis will require some time but once you grasp the basic idea you will feel comfortable to trade.

      Useful information

      There are many things that you need to take care while trading the reliable chart pattern in the market. You need to have a solid knowledge about the support and resistance level in the market or else you will not be able to execute the trades in the perfect way. Try to learn the basic candlestick pattern since it will help you to trade with price action confirmation signal.

      Edited by Bsadamsmith 29 May `17, 10:59PM
  • Bsadamsmith's Avatar
    14 posts since Feb '16
    • Forex trading is an art and there are many things that you need to do in the perfect manner in order to make the profit by trading. If you look at the statistics then you will be surprised to see that most of the traders in the financial market is not making any real progress in trading. But if you look at the professional traders in Singapore then you will notice that every single of them try their level best to acquire a solid foundation before they start trading with real money. They also ensure that they are trading with the professional brokers like Saxo in order to get the best possible trading environment in CFD trading. In this article, we will share some useful information regarding trading which will help you to trade the market like the professional traders.

      Favoring the long term trend: There is a well-known proverb in the forex market that the trend is your friend. If you are relatively new in forex trading then you might be trading against the prevailing trend in the market. But if you look at the professional traders in Singapore then you will notice that most of them are trading in favor of the long-term trend. So when you execute any orders in CFD trading make sure that the trade is running in favor of the last prevailing trend in the market. If you spot any sign of trend reversal in the market then you should move your stop-loss to the breakeven position to protect your trading capital.

      Highs and lows in the market: Those who are trading the forex market for a long period of time knows very precisely that trending market can be easily identified by using the highs and lows in the market. If it’s an uptrend the market will exhibit the higher highs associated with higher lows and for a downtrend, it will show lower lows associated with lower highs. So if you execute a long trade in the market look for higher highs and for short trade look for lower highs in the market. If you follow this simple trend characteristic in CFD trading then you will notice that you are riding the long-term trend in the market with a great level of confidence.

       

      Candlestick pattern: Candlestick pattern is extremely useful if you are trading the higher time frame in the market. Most of the professional traders in the forex market use the candlestick pattern to execute their trades in favor of the long-term prevailing trend in the market. It’s true that learning the art of price action trading strategy and different candlestick pattern will be a little bit difficult for you at the beginning but if you have strong determination like the Singaporean traders then you can easily master the skills of price action trading strategy. In the eyes of trained professional price action trading strategy is considered to be one of the most profitable trading strategies in the world. So make sure that you learn it before you become a full-time trader.

  • Bsadamsmith's Avatar
    14 posts since Feb '16
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    14 posts since Feb '16
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    14 posts since Feb '16
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    14 posts since Feb '16
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    14 posts since Feb '16
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    14 posts since Feb '16
  • Bsadamsmith's Avatar
    14 posts since Feb '16
  • Bsadamsmith's Avatar
    14 posts since Feb '16
  • Bsadamsmith's Avatar
    14 posts since Feb '16