The truth about trading is very simple. Everyone's truth will differ from every person. Everyone will absorb all there is to learn about Forex Trading in their own way. The truth about trading that you will come to learn is that you can absolutely make a lot of money from trading as long as you do so in the proper way. Making money from trading Forex requires patience, discipline and hard work. You need to be disciplined enough to manage your money properly, this is a skill you must embody.
As a individual going through the journey of becoming a successful trader, you need to embody your own trading “persona” I should say. I say persona because when you take the plunge and decide to be a successful trader you need to change certain character traits of yourself in order to be successful. Some people are visual learners, some people learn by actively doing the task themselves, and some people learn by reading all the information they can about the task.
There are many different schools of thought on when the best time to invest is. These schools of thought usually change with age as well. The long and the short of “When is the best time for me to start investing?,” however, is now. With all the different opinions around, that isn’t always the most popular response, though. One of the goals of Trader on the Street is to educate people on how to invest right now. let’s take a look at a few of the opinions about when is the best time to invest, and how “now” ties into the three main mindsets.
Hello! I’ve been thinking about ways to best explain on how you can get prepared when investing in Forex. I think having a clear understanding of your goals and trading style is your first step. Knowing what your “risk profile” is will be so helpful to preparing your goals. Working with Apiary Fund gave me the opportunity to take the “Investor Profile Quiz” which allowed me to better understand my strengths and weaknesses when it comes to trading. I strongly suggest every trader take this quiz because it gives you insight on what you need to be aware of when making your trades in order to be most profitable. This will allow you to make certain your personality matches your trading style so there won’t be any mismatches that cause losses and unwanted stress.
You have precious little time to make income in life. If you divide life into fourths, you only have a quarter of your life – or 20 years – to really grow your lifetime earnings. Lifetime earnings are the collective income a person receives through a myriad of sources throughout the span of their life. The primary source of lifetime earnings is your job, but experts say that may not be enough. It’s becoming more and more important to use investing cash as a significant source for lifetime earnings.
Proprietary trading is not a new concept. In fact, it’s been around for decades, though the structures of today’s proprietary trading firms are as varied as the selection of cereal at your local grocery store. Generally, proprietary trading firms, or prop shops, are focused on finding professional traders who can manage the firm’s assets. While the structure provided by a proprietary trading group is great for the professional trader who knows how the industry works, there are some hidden pitfalls for the semi-pro or greenie trader choosing a firm to work with. In this post from the Apiary Fund, I’d like to go over a few elements common to most prop shops, and show you how the Apiary Fund’s unique model compares.
It is true when they say that most things in life follow patterns. However, sometimes it is hard for us to recognize these patterns. The markets are no exception. To be successful, a trader must train his or her eyes to recognize and predict upcoming patterns. See if you can guess the next shape in the pattern below:
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.
Investing skills, like learning to play the piano, are developed over time. You wouldn’t expect to play a concerto the first day you sit down at the piano, so why do people expect a great performance when they place their first investment?