Risk tolerance is how much of a loss you’re willing to take. “With no risk, comes no reward.” Have you heard this saying before? Keep in mind, it goes both ways, because the greater the risk comes the greater the potential for losing money. Risk tolerance defines your ability to withstand losses when things don’t go exactly as planned.
What Is Risk Tolerance in Trading?
[fa icon="calendar'] Jan 23, 2020 5:45:00 AM / by Brigette Dumas posted in Trading Psychology, Trading Habits, Risk Management, progress, confidence, mistakes, risk tolerance
How to Hedge Your Trades
[fa icon="calendar'] Dec 17, 2019 6:00:00 AM / by Brigette Dumas posted in Trading Habits, Risk Management, Trading Strategy, shawn lucas, losing streaks, hedging
Hedging is simply a way for traders to protect themselves against a big loss that might come your way. It might be easier to think of hedging as having insurance on your trades. Hedging is a way to decrease the amount of loss you would potentially receive if something unexpected, as it often does in the Forex market, occurs. A simple Forex hedge protects you because it allows you to trade the opposite direction of your initial trade.
When Should Your Trading Strategy Change?
[fa icon="calendar'] Nov 8, 2019 6:00:00 AM / by Brigette Dumas posted in Entering and Exiting Trades, Trader Development, Success, Trading Habits, Forex, Trading Strategy
Knowing the difference between a strategy that's not working for you and your style of trading, and one that has given you a few losing trades lately is a tricky concept for a lot of traders to grasp. I hear about traders that have a few losing trades and think it's solely the strategy they're using, and so they switch strategies and are still experiencing losing trades. These are common problems that a trader will face, and making the wrong assumptions can lead to disastrous decisions. It’s important for you as a trader to truly understand how common losing trades are so you know what to expect, and really familiarize yourself with statistics behind trading.
Common Habits Traders Need to Break
[fa icon="calendar'] Oct 24, 2019 6:00:00 AM / by Brigette Dumas posted in Trader Development, Patience, Trading Habits, Trading Strategy, apiary fund review
Not only does every trader typically possess bad habits, but every person in general usually has bad habits they wish they could correct. When it comes to trading, it's so important to exercise good habits rather than strengthening and further supporting your bad habits. By doing so, you will be leading yourself to profitable trading sessions and the development of your overall trading performance.
More Motivational Trading Quotes
[fa icon="calendar'] Aug 5, 2019 6:04:00 AM / by Brigette Dumas posted in Success, Trading Psychology, Trading Habits, shawn lucas, motivation
First, let me start this article by saying “an inspirational quote a day can keep the negativity away!” Reading inspirational quotes can help anyone having a down day and if you try to make reading inspirational quotes a daily habit, it's far easier to keep a positive frame of mind when something in life happens. And knowing how life is, a trial of some sort is bound to happen, often. It might be a case of road rage, (I suffer from road rage myself and completely understand!) someone shorted you the wrong amount of change, it could be a loss of your job, social media rage, a loss in the market, etc. Everyday annoyances and trials have a lessened negative pull if you instead focus on the positive inspirational message. If you have been trading the currency market, then you know it can be very fruitful, although traders that have been trading professionally for years have days in the market of total losses. So, it's natural to wonder how they can continue to keep not only making money but keep their spirits up when they have these losing days. As a trader myself, I keep quotes pinned to the wall that I can see when I’m trading.
How To Stay Engaged in Trading Forex
[fa icon="calendar'] Jul 23, 2019 6:03:00 AM / by Brigette Dumas posted in Success, Trading Psychology, Trading Habits, apiary fund review
Trading Forex has attracted many people with the idea that trading is exciting and exhilarating in many ways. Trading has many opportunities of the market being fast paced and volatile, but it also has times where it's slow and feels almost like it's dragging on. It’s hard to keep your motivation and excitement up when your not making money at times, and it feels boring to be honest. In order to be successful as a trader, you need to stay engaged. I've put together some things you can try to keep your motivation levels up and your excitement as even paced as you can when it comes to Forex trading.
Trading Habits That Can Lower Your Risk
[fa icon="calendar'] Jul 6, 2019 6:03:00 AM / by Lukas MacMacKen posted in Trader Development, Trading Habits, Risk Management, Apiary Fund
Humans are creatures of habit, as the saying goes, and traders are no different. If anything, a trader is much more a creature of habit than anyone. Crossover, buy; breakout, sell; new crossover, sell; etc. We fall into the habit of looking at one thing to trigger a response for us to execute a trade or set one up for later. These habits can be good or bad depending on how out there they are. Apiary Fund reviews hundreds of trading accounts and sees good habits and bad habits alike all the time. Here are some of the trading habits Apiary Fund has seen that makes for a successful and lower risk trading account.
Why Work with an Experienced Trader?
[fa icon="calendar'] Apr 4, 2019 2:02:50 PM / by Brigette Dumas posted in Trader Development, Trading, Trading Habits, Apiary Fund, trader spotlight, Trader Tips
How To Take On The Market And Come Out On Top
[fa icon="calendar'] Nov 15, 2017 7:00:00 AM / by Trader Support posted in Trading Habits, Apiary Fund
Sometimes it seems like the market is out to get you; every trade you make goes against you like some sniper waiting to shoot you down. Rest assured that you are not alone in feeling this way. In fact, it is a common feeling among both seasoned and novice traders.
Yoda Quote #8 “Excitement…Jedi Crave Not These Things”
[fa icon="calendar'] Oct 13, 2017 6:30:00 AM / by Cassidy Lucas posted in Trading Habits, Apiary Fund
8. “Adventure. Excitement. A Jedi craves not these things.” The Empire Strikes Back
Some might say that the word Investor replaces the word Jedi quite well in this sentence; for some reason, the glamorous life of investing just doesn’t pull to some people. However, being a boring investor can equal some exciting returns when it’s time to retire.