Trading rules that go beyond being able to open and close positions.
Understanding the type of portfolio, you are building & the assets to include are essential for success. Learn about building your optimal portfolio with AvaTrade.
Behavioural economics looks at the psychological factors that may impact your decisions in the financial markets. Learn more to improve your trading activities.
What types of traders are there and which one are you? ⭐ Noise traders ⭐ Sentiment analysis ⭐ Market timing ⭐ Fundamental trading.
You should aim to ‘buy low and sell high’, buying stocks when they are undervalued and selling them when they are overvalued.
Do investors have to pay taxes on their profits? ⭐ Are there any differences between countries? This is what we will explain to you.
Emerging markets are economies of developing countries that are progressively becoming more integrated into the global markets.
Forex signals solve the most daunting activity any trader has to perform to identify the right trading opportunities at the right time.
The key to success for Part-Time forex traders is to have a good knowledge of the currency pairs and use strategies that don't require constant monitoring.
Building your own forex trading model is easy if you know how to do it. ⭐ Avatrade will guide you step by step.
Review trading platforms available at AvaTrade ⭐ Compare their features ⭐ Choose the best software for your needs & start trading.
Everybody knows the phrase "trend is your friend" ⭐ But what is a trend? ⭐ How to define it? ⭐ How to trade trends? ➤ Read more.
Learn all about trading charts ⭐ Understand what are line charts, Bar chart & candlestick charts? ➤ 2022 Beginner guide.
Paper trading Beginners Guide ⭐ How is paper trading used? ⭐ what are its pros and cons. ⭐ Read more to enhance your trading outcome.
All about trading psychology ⭐ Recognize emotions like fear & greed that impact trading decisions ⭐ Read how to to control them.
How to manage your money and invest wisely? ⭐ How to reduce your trading risks? ➤ Get 5 Money Management tips for free.
Are you a scalper, day trader or position trader? ⭐ What timeframe, risk, reward potential & trading style suit you the most?
How much money do I need to trade forex? ⭐ Why the initial investment matters? ⭐ Get Expert Tips for Setting Trading Budgets.
All about the trading plan ⭐ What is it? ⭐ Why do you need it? ⭐ Main points & elements to include when creating a trading plan!
Knowing how to gauge your success & failure is a paramount consideration when playing with your cash ⭐ never risk more than you can afford!
As you embark on your online trading journey, knowing how to trade effectively goes beyond just being able to open and close positions. Trading basics start with understanding the fundamentals such as trading rules, how to choose the right broker, how to plan your trading and more. While your ultimate destination or goal is to make a profit, it’s how you plan to get there and the decisions you make along the way that will determine your trading success.
One of the first decisions a trader will need to make is choosing the right brokerage partner. A broker is your gateway to the markets and essentially your partner. As such, you need to ensure that you choose a partner that is as invested in your success, especially if you are new to trading and still learning how to trade. A reliable and reputable broker will not only provide the perfect trading environment but will also make available handy trading tools and resources that will enhance your trading activities.
With access to the markets, you must now create a trading plan, but before you begin, it is essential to understand the trading rules to create an effective plan. A trading plan details how you will execute your trading or basically, how you will conduct your trading techniques. You will have to choose your trading style (short or long term), your trading strategies (how to enter and exit trades as well as your preferred setups), and also your risk management plan (risk/reward ratio and stake amounts).
A good trading strategy may generate profits for you, but it is a good risk management plan that will allow you to keep your profits and stay in the game for the long run. Having a trading plan is useless if you cannot stick to it. You should commit to rock-solid discipline at all times, and never allow subjective factors, such as emotions, to interfere with objective trading activities.
This is achieved by developing the proper trading mindset, based on the knowledge of trading psychology and its key elements. Online trading is an exciting endeavour, and it is possible to achieve consistent profitability by ensuring you know how to trade efficiently and have mastered the trading basics before progressing to more advanced trading techniques and strategies. Take time to browse through the tips that will set you up for potentially more successful online trading.