Posts Tagged "learning to trade"

What Does Success Mean To You?

Posted by on Jun 3, 2014 in Featured, Learning to Trade?

What Does Success Mean To You?

Success means different things to different people – our perception is what makes us all unique. When it comes to success I often feel that people put emphasis on more materialistic things. For me, success is about happiness and being content with what we do have rather than always striving for more. Don’t get me wrong more would always be welcomed but it is not essential for me to be happy. One thing that phases me generally about people is the lack of contentment in their jobs. So much time and energy is invested in our work place that I feel it is essential to be happy at work. Everyone gets frustrated by his or her job, it’s only natural to do so but when it becomes a long-term dissatisfaction it may be time to consider a career change. People generally seem to measure success by wages and money and I must admit I find it astounding that people would rank this higher or of more value than day-to-day enjoyment of life. There is a famous quote that goes something like ‘if you enjoy your job you will never work a day in your life’, for me this is so true. I absolutely love my job and there is nothing I would rather do on a daily basis, getting paid to do it is just a bonus. If you are at a point in your life where it is not practical to start fresh or begin a new career, would you consider a side project that may help you to make more money and eventually start a new career? Trading might be the right choice for you. For more details about how you can start trading along side your job please get in touch and find out about our...

Read More

Foreign Exchange vs Stock Exchange

Posted by on Apr 8, 2014 in Featured, Learning to Trade?

Foreign Exchange vs Stock Exchange

When you are looking to begin your journey as a trader the first important decision you will make is the market that you want to trade in – the foreign exchange market or the stock exchange market. Having traded in both, ForEx is my personal preference due to its liquidity and how much quicker the market moves in comparison to the stock exchange market. One of the main differences between the two is where they are traded. The stock exchange market has a fixed location such as the London Stock Exchange whereas the foreign exchange market is not geographically tied; in fact it is referred to as an over-the-counter (OTC) exchange and can even be accessed through mobile apps, allowing users to trade whilst on the move. When trading stock, markets have set hours (usually around 8 hours a day) set by the exchange which can limit traders if it is not their full time occupation. People can trade ForEx more or less 24 hours a day Monday to Friday. This allows traders to be more flexible and trade along side their full-time job, especially with how accessible the market has become. The ForEx market is generally cheaper to invest in as users can put down small deposits and there are lower transaction costs. The stock exchange market has more regulations and limits restricting users and can be more expensive to initially invest in. Have a look at this blog from Street Directory about the Foreign Exchange Market Vs. Stock Exchange Market and see the comparisons that they make between the two. I personally find the foreign exchange market more interesting and certainly more accessible but would love to hear your thoughts. What do you trade? How did you become interested in trading? Please leave a comment or get in touch via...

Read More

Forex London Network

Posted by on Apr 1, 2014 in Events, Featured, Learning to Trade?, Market News, Uncategorized

Forex London Network

Profit and Loss are a company that specialise in financial markets and business and technology information. They also hold forex events throughout the world and there just so happens to be one in London later this month. Personally, I thoroughly enjoy going to events such as these. Hearing expert opinions while meeting other traders from the Forex London Network is a great way to spend the day. On Wednesday 23rd April 2014 Profit and Loss have secured some fantastic speakers and a great variety of subjects for them to speak about. The sessions are as follows: – Better Execution: Do best execution rules reflect the changing market structure and modern technology available? – FX Options, The Year We Find Out: Is 2014 the year the ‘new’ options market evolves? – Vision of the Future: How do service providers react and adjust? How will the industry build an efficient structure for the next decade? – New Channels, New Challenges: What are the pros and cons of new trading medians and how does the market infrastructure need to adapt to cope? – Think Tank: Lit, Dark or Dusky? The future of the marketing model. The speakers we are most looking forward to are Joanthan Wykes and David Holcombe. Jonathan Wykes is the head of e-FX sales, EMEA and the global head of FX Algo Sales at Bank of America Merrill Lynch. He will be one of the speakers throughout the better execution session. We are keen to hear his experience of when he was a key player in advancing the execution services Algo product from equities into FX. David Holcombe is the senior MD, FX, Nadaq OMX. David will be speaking about the future and challenges of technology and how existing services will evolve. What Forex events are you looking forward to this year? Leave us a comment and let us know or get in touch via Twitter, also follow the event by using the hashtag #ForexNetworkLondon and check out @Profit_and_Loss Twitter...

Read More

Demo Accounts

Posted by on Mar 25, 2014 in Featured, Learning to Trade?

Demo Accounts

Are you learning to trade? Demo accounts are a great way to get a feel for the way that the system works but my advice to you would be to limit the period of time that you use the account for. I would personally advise that you only use the account for roughly a month. Of course if you are not feeling confident by all means continue using the demo account, however it’s important to be aware that when you trade in the market it will feel completely different. There are a lot of different factors that will start to influence your decisions when you are trading with real money because with real money comes real emotions! While using a demo account, you will obviously be doing what you can to ensure that you make a profit from your days trading but if you do lose it is no real loss. One of the most difficult factors of trading is keeping your emotions at bay and I believe that the only way to do this is through experience and by only investing money that you are prepared to lose. There is a very complex psychology behind trading in the market and the majority of it does come down to emotions. Avoid pitfalls by keeping tabs on traits such as arrogance and greed – I thoroughly believe that the market gives you warning signs (most of the time) before the rate is about to drop. Do the smart thing! If you would like advice on demo accounts or keeping your emotions in check please don’t hesitate to get in touch. If you have any questions, please leave a comment or get in touch via Twitter...

Read More

How do I start trading?

Posted by on Dec 27, 2013 in Video

How do I start trading?

How do I start trading?

Read More