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Showing posts from November, 2014

50 Golden Rules for Traders

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1. Follow the trends: This is probably some of the hardest advice for a trader to follow because the personality of the typical futures trader is not 'one of the crowd.' Futures traders (and futures brokers) are highly individualistic; the markets seem to attract those who are. Very simply, it takes a special kind of person, not 'one of the crowd,' to earn enough risk capital to get involved in the futures markets. So the typical trader and the typical broker must guard against their natural instincts to be highly individualistic, to buck the trend. 2. Know why you are in the markets . To relieve boredom? To hit it big? When you can honestly answer this question, you may be on your way to successful futures trading. 3. Use a system, any system, and stick to it. 4. Apply money management techniques to your trading. 5. Do not overtrade. Get the full e-book by dropping your email in the comment box.

7 Things Every Trader and Spread Better Should Know About the Market

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Anytime that you make a trade in the market, you need to know what you're up against. Knowing the following seven points will not only help you in your spread betting, but it will also put you in the right frame of mind in order to be a successful spread better for the long term, which is what we all desire, and what really counts.  1. Don't Throw Good Money After Bad - If you've got a losing stock, don't make excuses or say things like "now it's really become a bargain" or "it can only go up from here." Those are famous last words. If you own an underperforming stock, sell it - today! Don't wait, and certainly do not add to your shares of that stock. That is a recipe for full-blown disaster. There's a reason that the stock you own is underperforming. That reason may not be obvious to you now, but eventually the reasons will come out. Your money can be put to much better use buying a stock that is in an uptrend and can make you mone...

6 TIPS TO TURN YOUR DESIRES INTO GOLD

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1. Fix in your mind the exact amount of money.be definite as to the amount which gives psychological pull to achieving your aim. 2. Determine exactly what you intend to give in return for the money you desire. 3. Establish a definite date when you intend to possess the money you desire. 4. Create a definite plan for carrying out your desire begin at once whether you are ready or not to put the plan into action 5. Write out a clear statement of the amount of money you intend to acquire. Name the time limit for its acquisition; state what you intend to return for the money; describe clearly the plan thorough which you intend to accumulate it. 6. Read your written statement aloud , twice daily, once just before retiring in at night, once after arising in the morning .As you read , see ,feel and believe that you are already in possession of the money