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Forex Tips & Tricks
Earn interest on your crypto assets.
Why Day Trade the DAX When There Are Alternatives?
You may be wondering: Why day trade the DAX when you could make much more profits by accessing other programs? For Americans this is the equivalent of the Dow. It is comprised of the 30 largest companies in Germany which are assessed for capitalization and then weighted to give investors an indicator of how stable their money is going to be if they join.Trading Rules and Why Traders (Like Children) Need Them
Yeah, yeah, yeah, traders need rules, but why? Trading rules are like New Year’s Resolutions; easy to come by, incredibly difficult to follow. In this article, we provide just a few of the reasons traders shouldn’t leave bed each morning without them.The Psychology Behind Online Day Trading Losses
One of the attributes that we are taught from an early age is that it is good to be right. We probably notice this most at school where we are taught the importance of getting the right answers to pass tests and exams to progress in life. This means that most people come to associate being successful with being right. The problem with this kind of thinking when it comes to trading is that wanting to be right can lead to stubbornness.You Are Wasting Your Time, Unless You Have a Trading Mentor
It is very true, you are honestly wasting your time trading with the DIY approach. I know it is harsh but it is so true. Successful traders usually have a mentor or have had a trading expert help them. Is this the reason why traders become successful? YOU NEED a mentor if you want to be a consistently profitable trader over a long career. Remember that 90% of traders fail!!! FACT….. Do you want to be in that magical 10% that succeeds? Read on and I will show you why most traders fail and it isn’t even their fault. You are not built to be a trader, you’re not psychologically able to deal with the stress and toxic by-products of trading.The Trading Mastermind
I’m a huge fan of author Napoleon Hill. One of his 17 Principles of Success is that of the “Mastermind Alliance.” “A mastermind alliance consists of two or more minds working actively together in perfect harmony toward a common definite objective. Through a mastermind alliance you can appropriate and use the full strength of the experience, training, and knowledge of others just as if they were your own. No individual has ever achieved success without the help and cooperation of others.” – Napoleon Hill. My opinion is that any individual can achieve SOME success, but not to the level they are capable of if they DO NOT have a Mastermind Alliance. Great and massive success and accomplishments are only made if one has a Mastermind Group that they have access to.