Keith wrote a new post, J.P. Morgan Predicts Rio Tinto to Hold Out Longer Against Glencore Takeover, on the site Money Time 1 week, 2 days ago
This October 7th, J.P. Morgan called a Rio Tinto-Glencore merger unlikely to occur in 2014-15 and labeled Glencore “opportunistic” for the offer they made last month to buy out Rio Tinto. Rio Tinto just Monday […]
Keith wrote a new post, FirstGroup PLC Remains Confident Despite Losing the Latest ScotRail Franchise, on the site Money Time 1 week, 3 days ago
FirstGroup PLC announced October 8, 2014 that the UK government had not awarded it the new ScotRail Franchise, but it said the move would not change its medium-term goals. The transport operator will keep […]
Paul Khweyane wrote a new post, Rand Hedges, on the site Day Trader 1 week, 3 days ago
Rand hedges are South African companies that offer protection against fluctuations in the rand exchange rate. These companies pay their expenses in rands while earnings are in a foreign currency such as dollars. […]
Terrence Stoker wrote a new post, Is it a good idea to work and study full-time?, on the site Money Think 1 week, 3 days ago
It’s one thing to have a part-time job waiting tables while you’re studying. Or doing a course part-time while holding down a fulltime job. But can you both study and work fulltime? Some will say no, others will […]
Sonika wrote a new post, How To Get The Real Value Of Your Money For Investment Properties , on the site Business blogs 1 week, 4 days ago
If you want to invest your money in buying any kind of real estate properties, then you definitely want to earn huge amount of money from it. As you are taking risk on any kind of investment property, there will […]
tradersonskyn wrote a new post, Why is daily analysis of the Forex market so important?, on the site RealTrader 1 week, 4 days ago
Why is daily analysis of the Forex market so important?
The markets change everyday and that means the trend of currency movement changes. Swimming with the river is much easier than swimming upriver, so […]
tradersonskyn wrote a new post, RealTrader Daily Forex Analysis, on the site RealTrader 1 week, 4 days ago
AUD, JPY and NZD are the strongest currencies on 4h analysis.
GBP, CHF, USD are the weakest currencies on 4h analysis.
EUR and CAD is currently undecided with EUR showing some strength.
Current Currency […]
Keith wrote a new post, Real Estate Investing, on the site Money Time 1 week, 4 days ago
A common saying in real estate is that money is made when you buy, not when you sell. It is easier to get a bargain when purchasing real estate than to sell in a real estate boom (which you cannot control). […]
mary yohanan wrote a new post, What does an insurance offers for a personal finance , on the site financenews 1 week, 4 days ago
Uncertain economic times, seek the importance of the wise and personal financial decisions. Each year, there are cases of bankruptcy and fraud investments. These difficulties are a result of the poor personal […]
Tom Brown wrote a new post, The Pros and Cons of an Interest Rate Rise , on the site Global Finance News 1 week, 4 days ago
Not too long after the global economic crash occurred, in March 2009, UK interest rates were lowered to 0.5%, a historic low. The theory behind it was that such low rates would encourage businesses to borrow more […]
Terrence Stoker wrote a new post, Should I invest in part-time studies as an entrepreneur?, on the site Money Think 1 week, 5 days ago
Whether you finished your studies many years ago or never set foot in a university, you’ve probably considered doing a course of sorts to add to your skills. But running a business and studying part-time is hard. […]
Theresa Graham wrote a new post, Why Do Most People Lose Money In Forex?, on the site Finance Web Hub 1 week, 5 days ago
Forex or Foreign Exchange is the world’s most liquid market which is essentially floating with the absence of a central reserve. As forex isn’t governed by a central bank or financial institution to regulate and govern its price, it is a highly volatile market with constantly fluctuating currency prices. The currencies often represent the various countries around the world and their prices are often governed by their nation’s economic conditions making currency an important commodity in itself. Forex is thus regarded as the richest and the most lucrative market in the world and despite its popularity people suffer from severe losses while trading in forex. More than 90% of the forex trades end in losses despite of it being marketed as a get rich quick scheme.
Image Credits @ ronhovsepian1
Why Do They Fail?
Despite of its lucrative promises, most forex trades end in failures due to the inexperience of the traders and their poor decision making. It is important for most traders to know that trading is an analytical art that requires calculative risks and snipe the profits from a safe perch. The new traders often resort to overtrading and over leverage their way into debts.
Importance of Patience
Successful trading is not about how much you trade but about how smartly you trade. Most new traders get star struck by the various fluctuations in the market and jump in without thinking too much and try to hoard as many trades as possible. While this is not only a foolish and impractical ways of making profits but will mostly land you in a debt. Most successful forex traders trade in the widest of time frames with the least number of trades. Set and forget trade is the best strategy for long term forex profits and requires a watchful and patient trading demeanor.
Enter With a Strategy
The lack of trading strategy is the main reason for more than 70% of losses in forex. Most traders simply jump in the market at random moments and trade for the sake of trading. Forex market is highly fluctuating and entering the market at wrong times can land you into early losses crushing your morale. A trading strategy will ensure that you only invest in the important and more profitable trades while keeping too much of your precious money at risk. Using stop loss and take profit orders are the two important tools that aid in regulating a precise control on your trades and protecting you from risking and losing too much.
Expectations to a Down Low
Due to its high liquidity, forex is considered to be a highly profitable market. But only few know that one should pass a lot of criteria before qualifying as a successful trader in the forex market. The inexperienced traders often expect a lot of profits from randomly placed trades and are almost sure of success before they face the music of reality and suffer from unexpected losses. The experienced forex traders know the pros and cons of forex trading and know that they can suffer from losses.
If you want to make a living with forex trading, it is vital that you accommodate and secure a large capital before you decide to trade. Most people come with less than $500 to start their career in forex and often expect their profits to fill the monetary void. Remember, forex is not a get rich quick scheme and positive results are generated with the course of time. Starting with too less capital will limit your ability to invest in profitable situations among the ups and downs in the currency prices. Using up all your capital is also not a good idea as there are countless situations where investors were ended with bankruptcy.
Why do most forex traders fail? The above-mentioned reasons clearly solved the mystery and watching out for the various mistakes will certainly save you tons of your precious money from bad investments in the forex market.
Theresa has written several articles related to trading, stock market, finance, management and marketing across several websites and blogs. She is also an active forex trader on platforms like Cornertrader.ch which is the best place if you’re looking for Cfd Trading Tutorial. She likes spending his free time reading and likes to be up to date with the latest happenings in the market.
Keith wrote a new post, Mining Industry Activity May Increase in Queensland in Near Future, on the site Money Time 1 week, 5 days ago
In Central Queensland, the coal mining industry is only a shadow of what it once was, but this flailing industry has reason for hope. High-level executives from some of the top airlines offering chartered […]
snousain wrote a new post, 4 Investing Hacks to Save Money & Beat The Market, on the site Discover Investing Strategies For Higher Returns 1 week, 6 days ago
Check out these 4 investing hacks for making boosting your investing performance, and beating the market…
1. Set up a monthly auto transfer from your checking account to your investing account
We all recognize that saving and investing is important, right? So why don’t we do more of it? Well, for a lot of people its because our money is already spent before the paycheck even comes in. We’re not making investing a priority. Scheduling a monthly auto transfer from your checking account is a guaranteed strategy for making sure you’re saving money every month. All you have to do is determine how much you can safely set aside each month to invest. Then, just about every trading platform allows you to schedule reoccurring transfers from your checking, to investing account. Set it and forget it is the way to go.
2. Use Google Alerts to easily keep up with the news on your stocks
It can be an inconvenience to keep up with the news of our holdings, especially when you’ve got several of them. But, what if you could have the news automatically sent to your inbox everyday? Kind of like having the newspaper delivered to your front porch every morning. But it gets even better. What if you could have news emailed to you every morning that’s filtered for only the articles about your stock holdings? Well, that’s exactly what Google Alerts allows you to do. Set your alerts up today.
3. Participate in direct stock purchase plans to avoid transaction fees
Transaction fees are just about the most annoying thing in the world when investing. Especially for the investor with limited amounts to invest. They eat up gains, and can add up to significant amounts over time. But, some companies allow you to purchase stock from them directly without having to purchase through etrade, or whichever your discount broker may be. You’ll avoid every single transaction fee. The only downside is that not every company offers a direct stock purchase plan. Many big companies do, but not all. To see if your stock can be purchased direct, check out the Compushare Investor Center.
4. Invest in ETF’s for easy diversification
Diversification is important. Without it, your funds are too exposed in the case that a downturn happens. One of the easiest, and best strategies for easy diversification is investing in ETF’s. ETF’s that mirror the Dow, or S&P 500 are some of the best options for diversification. It’s like investing in a handful of stocks, all in a single transaction. What’s better than that? For even more investing hacks and strategies, check out InvestingTips360’s article 101 tips for learning how to invest to beat the market.
tradersonskyn wrote a new post, , on the site RealTrader 1 week, 6 days ago
USD, JPY and AUD are the three strongest currencies based on their 4h performance.
GBP, AUD, NZD and EUR are the 4 weakest currencies with NZD trying hard to strengthen.
CAD is still in […]
tradersonskyn wrote a new post, RealTrader Daily Forex Trend Analysis, on the site RealTrader 1 week, 6 days ago
USD, JPY and AUD are on the strong side of the field, although USD is still showing some weakness.
NZD, GBP, CHF and EUR are on the weak side of the field with NZD still adamant to […]
Joys wrote a new post, How can rehab loans help you?, on the site Site for financial Management 2 weeks ago
As a business owner or an individual, you will require funds at some point of time or the other. This requirement will be characterized by factors such as:
the amount of funds that you require
the nature of […]
Keith wrote a new post, Guide to Motorcycle Finance, on the site Money Time 2 weeks ago
Motorcycles are some of the most alluring and exciting vehicles to operate. Companies such as Honda, Ducati and Suzuki create fascinating machines that are capable of taking a rider places that he or she […]
Keith wrote a new post, Buyer Found in Breach for Not Trying Hard Enough, on the site Money Time 2 weeks, 1 day ago
A Cairns court made a recent ruling that stated hard buyers will now be required to push their bank loan applications in an effort to meet contractual obligations. According to the new ruling, if they are seeking finance approval in a subject-to-finance residential contract, they must “take all reasonable steps.” This particular scenario is all-too familiar to a law firm and agents.
The Andrews Close apartment was sold and signed for on Sept. 3, 2010 for the amount of $575,000. This was subject to a $400,000 finance amount by Sept. 10, 2010 from ING Bank. Anne Miller was the buyer who was pre-approved by the bank. However, after the signing of the contract, she made an attempt to resubmit the loan. Upon receiving the resubmitted loan application from Miller, the bank contacted her and let her know that they would need to receive an entirely new loan application from her.At this point, knowing how slowly loan applications are processed by the vast majority of banks, Miller’s broker recommended that she contact the Rock and attempt to get a loan from them. Once she began to deal with the Rock, she ceased any contact with ING. Unfortunately, Miller discovered that the Rock is not nearly as dependable as their name implies. Despite her best efforts, her application with the Rock was not approved by Sept. 17, the due date she was given on her extension. Once the due date came and went, the buyer used the finance clause in the contract to terminate the agreement. The buyer also requested that the deposit of $10,000 be returned. Read more about finance failures in Queensland here.
Trevor and Irene Hauf were the sellers of the property in question. They got a law firm involved, claiming that Miller didn’t take the steps that were necessary to get the loan approved by ING in the required amount of time. In the contract reference schedule, ING was the bank that was nominated. As a reply to this, the buyer made the argument that getting approval for financing in the short finance period of four business days would have been impossible. Because of this, no step “untaken by her” would have made the deal go past the deadline, no matter who the lending institution was.
For some unexplained reason, lawyers did not ask ING to provide any evidence regarding Miller’s chances of possibly getting her loan approved before the extended financing deadline she was given. As a result of this, the court made their ruling in favor of the Haufs, stating that the buyer had repudiated the contract. Therefore, the Haufs were legally allowed to keep the $10,000 deposit. In the official court ruling, REIQ standard condition nine relief was ruled to be inapplicable. This meant that the seller had only a single contractual remedy available to her. She had to forfeit the deposit money.
There was a successful appeal filed by the seller’s lawyers regarding the section of the ruling restricting them to the deposit forfeiture. According to the Court of Appeal, not making the required finance application was an equal breach committed by the buyer. This enabled recourse to every clause nine remedy. This included recovery of loss on the re-sale.
You can read the original story here: http://www.cartercapner.com.au/blog/portdouglascondo/
Tom Brown wrote a new post, Becoming Sustainable in Big Business Can be Easier than You Think, on the site Global Finance News 2 weeks, 2 days ago
Becoming energy efficient and sustainable in any business or facility sounds like a daunting task, but is made easy thanks to the numerous technologies geared towards green power and renewable energy. Before you […]
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