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.
You should aim to ‘buy low and sell high’, buying stocks when they are undervalued & 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 are alerts generated by human analysts or mathematical algorithms. ⭐ They include potential trade opportunities and setups.
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 it's easy if you know how to do it. ⭐ Avatrade will guide you step by step. ➤ Read more !
Review trading platforms available at AvaTrade ⭐ Compare their features ⭐ Choose the best software for your needs & start trading.
Trend is the overall direction in which the asset's price is heading over the course of time. ⭐ Learn how to find trends in 2023!
Learn to read stock & Forex trading charts ⭐ Understand the price charts ⭐ What information is present in them & how to analyze it.
Paper trading is the best way to get trading experience without putting any money at risk ⭐ Open an account & start practicing.
Read more about ⭐ noise traders, ⭐ sentiment analysis, ⭐ market timing and fundamental trading and decide!
Read about trading psychology ⭐ Recognize emotions like fear, greed, hope & regret, that impact trading decisions ⭐ Learn to control them.
All about money management in forex ⭐ How to manage risks ⭐ determine proper leverage level ⭐ choose position size & set stop loss orders.
Understanding your trading mindset and trading style is an essential part of your success. ⭐ Learn the most common CFD trading styles.
You don't need thousands of dollars to start your trading career. ⭐ Read this guide to properly plan your forex and CFD trading budget!
What is a trading plan? Why do you need it in 2023? How to create a trading plan? ⭐ Improve your trading skills. ➤ Read more !
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.
Open a Demo account to practice what you’ve learned or a Real account to start trading today!