FX COACHING
the-art trading and money management tools. They will help you in making better, more conscience trading decisions.
Diversify Your Portfolio
Until now, you’ve most likely heard the saying: “don’t put all your eggs in one basket”. No
one is
ability to learn from his mistakes and improve his behaviour
and experienced a choices. traders It
doesn’t matter if you’re a beginner or an experienced trader, as even professional and
can
lose money, everyone can learn from their mistakes.
Keeping trading journal
and documenting all the information relating to your positions is a great resource to reflect upon in future trades. You can then look back and analyse what you have been doing, why you opened or closed your positions, which money management techniques you applied, whether or not your
trades were affected by your emotions, etc.
If you feel that you don’t have enough knowledge in the market you invested in,
56 FX TRADER MAGAZINE January - March 2017
Being more patient and discipl ined when trading shouldn’t be underestimated. Patience and discipl ine are both crucial characteristics that
every trader must have
in order to make money consistently. Without patience and discipl ine, traders are likely to over- trade.
Use All Available
Broker Once
the Resources from
Your you’ve platform opened provided
account with your broker, the
your to
you will come with state-of- Sponsored Article
you should take the time to improve your financial and economical knowledge.
Be More Patient More Disciplined and immune to risk,
so it’s important to diversif y your portfolio to mitigate risks and to boost returns. Diversifying your portfolio is therefore vital for your money management scheme.
The start of a new year is always the perfect time to think about your trading behaviour over the past year. It’s important to look back at what you’ve accomplished regarding your wealth and investments. It is only when you go through this process that you will be able to determine your money goals and move forward.
To learn about how you can upgrade your Trading strategy in 2017, read more here
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