It is an exciting feeling when you start trading. A lot of traders are filled with an internal desire to find some secret, big or small, that will give them the perfect edge in the markets, allowing them to fulfill their fiscal dreams. It is easy to get too focused on this quest of becoming the perfect trader; which is why caution is needed. The drive for perfection can create a disconnect between a trader and the markets, resulting in fear, frustration, and possibly even financial difficulties in their trading journey.
Aspen Lucas
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When it comes to finances and investing, one of the greatest fears people face is that of fraud or scams. We understand this. As a result, in order to increase the transparency and confidence of our fund, we released the Apiary Fund Promise.
Head Trader, Shawn Lucas, talks to traders during one of our Apiary Summits |
Before developing trading skill, a Forex trader must master money management. How are we supposed to grow our capital if we don’t learn to protect it first?
For new traders, we at the Apiary Fund understand there’s a lot to take in. So much, in fact, that you may find yourself initially disoriented or need direction. Allow me to stress the top three ways you can start taking advantage of the Apiary Fund’s trading education resources:
A lot of traders have asked, "does my personality affect my investing skills?" The answer is yes! Your personality should affect the basic building blocks of your investing strategy.
A fear that goes hand in hand with a fear of loss when trading is a fear of failure.
A 2014 study conducted by Babson College revealed how fear of failure stops some people from engaging in activities where failure is a possible outcome – including the activity of learning. The study concluded that the fear of failure negatively influences a person’s motivation to learn and their attitude toward learning.
One comment we hear a lot as traders is, "Oh, you trade Forex? Isn't that risky?" Unlike a fear of snakes or spiders, most of the fear people feel concerning the Forex markets stems from either a lack of information or a misunderstanding; however, instead of exercising a fear of risk you can try exercising risk as a tool to help you in your trading.
If you are wanting to learn how to trade Forex there are some items of business to go over before you begin. A lot of people get involved in the currency markets without realizing quite what they are getting into; however, learning to trade Forex doesn’t need to be scary or overwhelming. Just follow these tips and you will already be starting down the path to successful money management on the right foot.
In this article we are going to discuss non-directional markets, their sources as well as what to do with them. First, however, we need to define them.
So what is a non-directional market?
Imagine you're trading the EUR/USD. After you perform some market analysis, you belive that the currency pair is going to strengthen so you go long on the EUR/USD. Another day, you might believe that it is going to drop, so you would short the currency pair. These would be an example of directional trading because the trader is taking a fairly confident stance on which direction the trend is going to go. In non-directional markets, you'll notice that the trend doesn't take a clear stance; rather, it moves sideways.
Risk management is essential to profitable trading. No matter how good your trading strategy is you're going to experience losses. As Forex traders, we know that we don't need to fear taking a loss. However, if you don't manage a losing trade then you're going to find yourself in trouble pretty quickly.