Psychology: Revenge Trading Manual Part 17

Revenge

Just like in sports or any other kind of game, revenge will always be a natural
emotion. If you lose a trade, you will more than likely have a feeling of getting the
money back. This is what we call revenge. To get rid of this feeling, you must make
sure that your mind is fully with you on the "no trade is certain" thought.

[caption id="attachment_2929" align="aligncenter" width="725"] Revenge when trading in forex[/caption]

As mentioned before, any trade can lose ANY! And that doesn't have to be your fault,
even when your analyses were on point and all confluences were fulfilled; It could
still happen that your trade turns into a loss. This can be occurred by the most insane
events. Think of war, natural disasters or certain economic crashes etc. etc. But as
you already know, we don't have to stress about 1 loss as we handle a decent risk
and money management strategy. The dumbest thing you can do after losing a trade,
isjumping straight onto another one. More than likely, this trade opportunity didn't
suit in your trading plan which would make it a very risky trade. The whole idea about
it is that you will lose more when trading with revenge. The losses will get bigger and
bigger and, therefore, it won't take long to wipe out your whole account balance.

Revenge is an emotion which is triggered by any kind of loss. It's a human emotion
which is there since the existence of mankind. When you're feeling this emotion, you
will often make bad decisions. In Trading, this is the last thing we want. You only
want to make well considered decisions which fully suit in your trading plan. Actions
based on revenge will definitely bring you down as a Forex trader. KEEP CONTROL!

Revenge will turn you into a bad mood, which will definitely count you to the 90% of
losing traders on the market. if you want to count yourself in with the 10% winning,
you should be persistent and you will need to put in hard work; But more important
leave your emotions at home.

”Weak people revenge, strong_people ignore

 

 

The following article Psychology: Revenge Trading Manual Part 17 was originally seen on: Online Review Network Service Blog

About ETX Capital

With what platforms can we trade Forex with?

ETX Binary: this platform is meant for the traders that like to trad with high speed and don't want to wait for the results. It has a fast and simple access to all the trade-able operations.

ETX Trader Pro:  This platform has been created by the broker itself  and gives us the chance to operate with  CFD's and and multiple different assets. It includes a nice feature called Trailing Stops that Improve our trading operations.

ETX MetaTrader 4: this platform is given to the traders by an external provider. Traders will have advance graphs and automate parts of the trading.

 

Is ETXcapital a scam??

Our team  has tried it and  had no problems depositing and/or withdrawing the capital funds and the trading platform response is fast and good. So the short answer would be it is not a scam.

As with all the Forex and CFD activities there is always a risk involved when trading with capital funds .

The markets can change drastically from one moment to another and you can either win or lose your funds , specially if you don’t have any experience. And yeah in some places you can find complains about this broker but mostly is traders that have lost their capital wen operating and blame the broker platform instead of themselves for not doing things in the right manner .

To avoid losses of capital Its important to always test our strategies on demo accounts before going live. And always keep an eye on the financial markets news for any changes in the economy.

Regulations

It also counts with the regulation licence by FCA (Financial Conduct Authority )and CySEC( Cyprus Securities and Exchange Commission)   that is the most important regulations a online broker must have. Their webpage opened almost 10 years ago and has lasted till now this meaning thousands of people have put in their trust in ETX capital for a long time.

Check out our mor ein depth review of ETXcapital -----------> ETXcapital Review 2018

 

 

The article About ETX Capital is courtesy of: Online Review Network Service Blog

Psychology Fear and Doubt Trading manual Part 16

Fear

Fear is a common emotion for a beginning trader who hasn't developed a decent
trading plan yet. A lack of knowledge on things as price action etc. will make them
feel really uncomfortable with the market. People without any of this knowledge,
should definitely stay far away from live accounts. More often, fear occurs when a
losing streak shows up. The losses will make you feel insecure on your trading plan,
what brings fear to your trading. But never forget, even after 10 losses you can think
about the fact that 80% success could still bring 20 losses in a row!

Never risk more then you are feeling comfortable with, as bigger losses could
definitely bring you fear. Risking to much easily cause fear because your losses will
grow to. A lot of great trading opportunities will go ahead of you when you have fear
in the market. So, if you are not feeling comfortable with the risk you are taking,
bring the lot size down! It will help you to get rid of the fear.

As nobody likes to lose money, even the wealthy people, fear is a natural emotion
which simply occurs. Always take in consideration that losing is a part of the winning,
as we teach you a strategy where you can easily achieve around 80% success rate
with! When you start a business, it's simple that you won't achieve profit in the first
month, maybe not even in the first year, as it usually takes a lot of capital to start.
Luckily you have the opportunity to become profitable by trading in a couple of
months.

Give your fear the time to fade away, success in trading can simply not be forced as
almost no one is able to control his/her emotions from day 1. Especially not when we
are talking about money! Stick to your trading plan, be disciplined and your fear will
fade away on its own. Balance and control are the keys to success! When you step
behind your computer, leave your emotions outside the room. Sitting behind the
charts for hours will be an absolute wreck down for your account. Once a trade is
completed, good or bad, a professional trader will move away from the charts to start
fresh on the next trading day!

“Everything you want is on the other side of fear"

Doubt

The worst thing in trading is to doubt yourself. Doubt will always lead to being a
social trader which’s trading depend on what others think. These are the people who
are in the social section of trading view a lot. Mostly searching for answers on their
questions who cannot be answered. Always remember; It's important to stick to your
own trading plan. No one else can execute your strategy better than yourself.

Following others can bring you on the wrong track, as their style can be completely
different to your own trading style. You may be looking at 50 pips profit targets, while
others are looking for 5. Even the indicators can be used in multiple different ways.
Self—doubt and desperation will make you depending on what others think.

Doubt can bring you down to your knees, as you will feel like you aren't going to
make it within the Forex market. And that's the point where you will need some
dedication. But luckily you are not on your own, as we will tell you that you CAN.

You need to believe that you can make it, as that's the only way how you are able to get
your mind around trading. If you ever feel down, think about the moment you bought
this course. We believe you hadn't that mind-set back then! Cut it all off, you WILL
make it.

The best thing you can do is leave the charts for a bit when you start
developing doubt. How longer you sit behind the charts when you are down, how
stronger your doubt will become. Controlling your emotions will take time and
experience, the way to Forex success is a long one, where you will definitely learn
about an other side of yourself. But you must never forget that you WILL come there
in the end.

"Doubt kills more dreams than failure ever will"

 

 

Check the first parts of our trading manual ------> Trading Manual

The post Psychology Fear and Doubt Trading manual Part 16 was first published on: Online Review Network Service Blog

About Binomo Review 2018

This broker was founded in 2014 and after 4 years its become the leader in the Crypto currency online trading. It is been regulated with a licence under the FMRRC authority. as we mentioned Binomo specializes in the trade of crypto currency like Bitcoin, Litecoin, Ethereum etc..  But it also operates with normal currencies as the US dollar , euro or the British pound. It provides a great platform to for trading with CFD's and Forex thanks to the many tools included.

-Can I trust Binomo?

Binomo has received the 2016 IAIR award as well as the 2015 Expo award. It is also been mentioned on the famous magazine Forbes. To our eyes just this makes it a completely trustful broker and anyone shouldn't doubt that it will provide everything that we are looking for. In the next part we will be reviewing some of the best aspects of this online broker.

-What accounts can we chose in Binomo?

Binomo offers the chance to all its user to open a Demo account to start what we could call "practice trading" with a 1000 virtual dollars to spend. With this account new trader can test how the platform works and check out how it feels to trade with CFD's. the Demo account also gives the chance to test different strategies and see if we are comfortable trading with them.

After testing the demo account and decided that you want to start with the real thing, Binomo recommends 2 different accounts. The Standard with a minimum deposit of only 1 Dollar or the Gold  that asks a minimum deposit of 500 dollars. The standard account provides us with the basic trading tools and a maximum yield of 85%. With the gold account we will receive access to more advanced trading tools and a 5% return of lost transactions. In this case the yield is of 86%.

Binomo rewards the big traders with the VIP account. To have access to this account the minimum deposit is of $1000 and it will give us the most professional tools the platform has to offer and a yield of 90%. A return of 10% of failed trade will also be provided.

We have made a In deep review of Binomo about more of what this great broker has to offer click here and check it out now!

The following blog post About Binomo Review 2018 was first seen on: Spencer Walker

About Plus500 Review 2018

Why trade with plus500? well here is 2 of the best reasons why to trade CFD with plus500 in 2018. This is a great broker to make our daily trades and we will explain it now:

Why to trust Plus500?

Plus500 Is one of the most famous brokers in the European market not only for the quality that it offers but also for all the regulations that it has. It is been regulated by the CySEC( Commission Values of Cyprus). one of the most important regulating Institutions that is vigilant for the safety of all the trades of in the European union.

Another Important regulation that this broker counts with is the FCA the well know Financial of Conduct Authority that is a must if you want to operate in the global markets.

When we talk about Plus500 we talk about a broker that was founded in 2008 after the financial crisis and after all this time its is still kicking. This gives peace of mind to everyone that is thinking about choosing this broker for daily trading.

Operations that can be done In the Plus500 platform

Trading Forex:

trade with different currencies like USD/JPY , AUS/CAD, EUR/GBP etc with a maximum leverage of 1:300 . The reason of this is that plus500 receives no commissions per trade and  that is why the payout is so high.

Financial trades with Indexes:

Chose and invest between the list of Indexes ( IBEX 35, DAX 30, S&P 500) with a leverage of 1:300. and as the other option plus500 does not ask for any commission per trade.

Raw Materials:

Trading with raw materials in Plus500 is also possible. We will be trading with materials such as gold , silver, gas, Oil etc

Crypto currencies:

This is a new option provided by this broker and it will give us the capability to trade with the famous crypto currencies like LiteCoin, Ethereum, Bitcoin, Ripple or Dash , etc.. Good thing about this markets is that is open 24/7 this includes the weekends.

 

 

We have made a deep review about everything that this broker has to offer and we can tell you this is just the tip of the Iceberg. Click here and check out our in depth Plus500 review.

 

About Plus500 Review 2018 was first published on: Online Review Networks Crypto

About PrimeCFDs Review

Today we are going to review some of the Online Broker PrimeCFDs is offering to its users. This broker is great for experienced traders and big investors as it offers great benefits for the big accounts that are only accessible with minimum amounts We will review its educational center and its the different types of accounts it offers. PrimeCFDs is owned by Orion Service EOOD and it is established in Bulgaria as one of the leading European platforms.

Account types In PrimeCFDs

For the amateur traders it is recommended to start with the  Mini or silver account  that provide a 82% payout  and access to a big variety of educational content.

After that there is a set of "Big accounts" that are recommended only for big investors these accounts are the Gold, Platinum ,Diamond and Rhodium accounts.  Some of these accounts provide the user with a personal PrimeCFDs credit card for withdrawing their earnings directly. Some other accounts also provide entrance tickets to broker conventions and seminars with professional traders.

Educational center in PrimeCFDs

The educational center provides big amounts of knowledge for all the traders including the most advanced ones. Because one of the main things that this broker finds of importance is that all the traders have the best formation before starting to trade.

The educational center includes E-books and videos that will show step by step how to start trading as well as different strategies to get the maximum out of your trades. A trading calendar is included for everyone that asks for it. This calendar shows all the major political economic events that will happen during the next 30 days.. Online webinars are also provided were the most successful traders give out tips and tricks about trading with maximum profit. One of the best thing of the Educational Center is that they provide very good quality trading signals to all the owners of silver accounts and up.

Check our in deep 2018 review of PrimeCFDs

 

About PrimeCFDs Review was originally published on: Online Review Network Service Blog

About Prestige FM Review 2018

Today we are going to review some of the highlights of the Prestige FM broker. We will be checking out the trading resources that are provided by this broker and the way they can help us. We will also review the different payment methods this broker provides to its users.

What trading resources can we find in prestige FM?

Prestige Financial Markets provides all the traders that use their platform with a trading center that comes with a big amount of educational content aimed for all types of traders from the Novel trader till the more experienced ones. It provides basic beginners guides like "how to trade CFD and Forex" the "advanced traders guide" . This traders center also provides strategy E-books to maximize profits when trading with different assets. There is also a economic calendar for the mayor economic events that happen around the month and that can influence greatly the change of the currency markets. accompanied by this calendar traders also can check out a daily analysis of the currency markets from the best traders in the world.

Payment methods.

Prestige FM has a highly secure payment method system that counts with different methods of withdrawal and deposit. Traders can deposit funds with credit card such as Master card, Visa, Maestro, JBC and Diners Club. Online wallets are also accepted as skrill (minimum deposit of $100 ) or Money Booker's , secure bank wires are also provided with a minimum deposit of $250.

Because lately there has been a lot of fraud and money laundering going on and a requisite from the international laws Prestige Financial Markets will ask for a proof of identity like a picture of a the trader's Passport or ID card. This will be mandatory to be able to deposit and to withdraw any kind of funds.

For a complete review of every aspect of this broker check our full review of Prestige FM

 

The post About Prestige FM Review 2018 was originally published on: ORN