Free webinar: "Finally: Q4 Trading Kick-off"

On October 06 there will be a very useful free "Finally: Q4 Trading Kick-off".
The Pro trader Paul Wallace will discuss with us his game plan for the final months of 2016.
Time: 7pm-8pm Cost: Free Place: Online
Don't the other interesting and useful webinar, which will be held in October:
October 13: "Harness the power of a Virtual Private Server & MT4";
October 20: "Trading continuations with a simple pattern".
For more information and registration, visit here.

Free webinar: "Live Trading Analysis - FX, Commodities & Indices"

On September 22 there will be a very useful free "Live Trading Analysis - FX, Commodities & Indices".
The Pro advisor Malte Kaub will give us practical insight into the application of proven technical analysis.
Time: 7pm-8pm Cost: Free Place: Online
Don't the other interesting and useful webinar, which will be held in September:
September 29: "End of Q3 Review and Analysis".
For more information and registration, visit here.

Free webinar: "Trading the US Indices"

On September 8 there will be a very useful free "Trading the US Indices".
The Pro Trader Paul will provide us introduction into trading the US indices markets.
Time: 7pm-8pm Cost: Free Place: Online
Don't the other interesting and useful webinars, which will be held in September:
September 15: "The Four Pillars of Personal Success at Trading";
September 22: "Live Trading Analysis - FX, Commodities & Indices".
For more information and registration, visit here.

Free webinar: "Webinar Special: Brazil What's happening?"

On August 11 there will be a very useful free "Webinar Special: Brazil What's happening?".

The Pro Trader Paul will discuss with us how markets treat Brazil in this eventful year.

Time: 7pm-8pm Cost: Free Place: Online

Don't the other interesting and useful webinars, which will be held in August:

August 18: "Live Trading Analysis - FX, Commodities & Indices";

August 25: "Traders Clinic".

For more information and registration, visit here.

Free webinar: "Trade Like A Pro: Trading counter-trend breaks"

On July 14 there will be a very useful free webinar "Trade Like A Pro: Trading counter-trend breaks".

The Pro Trader Paul will discuss with us how to trade counter-trend breaks.

Time: 7pm-8pm Cost: Free Place: Online

Don't the other interesting and useful webinars, which will be held in July:

July 21: "Adapt to the new normal: One month after the UK Referendum";

July 28: "ActivTrades Tools - SmartLines & SmartOrder"

For more information and registration, visit here.

Common mistakes of the new traders

Before you open a real account, it is important to be aware of the most common major mistakes that new traders do. You probably you'll do them anyway, but at least you will know that you do them, and that will help you easier to fix them.
Overconfidence. Making a living from forex trading can be both a dream and a nightmare. If you believe Trading is easy, then you are finished before you started. Trading is not easy and it's not for everyone. It's really difficult. It is hard to be constantly concentrated and disciplined. Know this before venturing and this will increase your chances of success.

The discipline in forex

As everywhere, the discipline plays an important role in forex trading. Successful forex traders have iron self discipline. They plan each of their deals and then simply trade their plans. If you do not develop a clear plan for trade and follow it consistently, you will find difficulties in continuing earning money as a trader.

Doing random profitable deal, even throw away any plan can deliver short pleasure, but making occasional deals can affect negative on the ability to maintain discipline in the long run. When you stop following your plan, but although you're rewarded, you may have believed that pursuing the plan is not a big deal. Unjustified profits increase the tendency to follow any plan in the future. Positive results from this are short and a lack of discipline always ends with a loss. So keep constant your discipline.

Which events are significant in forex?

Central bank policies are a result of all economic data. Think of the economic data as clues which give speculators the ability to predict what the next move of the central banks will be. Most central bankers disclose their policy on a certain date. Therefore, it makes no sense to ignore information that forms their policy.

Fundamental analysis in forex should always begin with Studying the policies of central banks. I am sure that a trader can be successful only if traded an important speech and statements about the interest rates. If you understand given policy, you can see goers data in this context, which will make the image clearer and you can forecast a change in policy before it occurred.

False expectations among traders

Having expectations can be very useful for traders. They are tests, that help us to determine the failure or success, they also gives us goals to follow.

On one hand, expectations are great, but we must be careful with them. If they are too high or unrealistic, we'll probably be disappointed. One of the most common expectations that lead to disappointment among traders is that more transactions equals to faster learning process. It is true that more transactions lead to more experience, but that does not mean that we will learn much more quickly if we make more transactions. This is a dangerous attitude and so can only undergo emotional risk.

The key to faster learning process is to concentrate on the quality of your transactions than on quantity. Instead of doing much deals, our priority should be preparing to enter the deal and making reasonable decisions.

How to recover your trading motivation?

The first step is to look at the delicate details of your trade, but also to keep in mind the big picture. Do you trade the right way?

Return to your trader diary and see your recent transactions. If you do not have one, I advise you to make one. Ask yourself the following questions:
- Is there something you've changed or do anything different from usual trading plan?
- Do you explicitly follow your trading plan?
- Are you doing something wrong?
- Do you miss something ?
When you find your mistakes, it will remove the lack of motivation.

How do you handle your loses?

I would like to ask the readers of my blog the question - how do you handle your loses? The easiest way is to leave a comment below the post. I think that it is interesting topic. We can share valuable experience and learn from each other. Everybody has loses and how to properly handle them is an important aspect.

My observations are that some of the traders stop trading for short period of time, maybe to avoid the "revenge" deals. Other start thinking what's went wrong and spent time on analyzing which is a good thing but it is not working for me. To be honest, I can't understand what's went wrong right away, usually I need to gain more experiece. Another group just go outside and have a drink, which I highly recommend. You already know how do I handle my loses, so what's your way?