The trader's exchange is your chance
What is the traders' exchange? It is a platform, physical or electronic, on which certain financial instruments are traded. There are commodity, stock and currency exchanges.
The trader's exchange is your chance
What is the traders' exchange? It is a platform, physical or electronic, on which certain financial instruments are traded. There are commodity, stock and currency exchanges. The latter differ from the others in that they have no single physical place in the world. They are a set of electronic trading platforms in different parts of the world, where activation of each next platform takes place after the previous one has been completed.
The traders' exchange is a place where you can show your best qualities.
There's no need to be hostile to the financial markets. After all, they allow you to earn if you learn to accurately predict further quotes movements. There are many opportunities on the international market. Professional market makers trade here: large banks, hedge funds, other institutions. They have been generating profit for a number of years. Professional traders get a job with such companies. They work with different financial instruments:
Assets - currency pairs, stocks, bonds, raw materials, agricultural products and other goods.
Derivatives - contracts for difference, options, futures, forwards, swaps, FRA, PCI, warrants, depositary receipts and credit derivatives. The traders' exchange provides quite wide opportunities.
Is it realistic to learn how to earn money? Absolutely. In confirmation, you can see hundreds of successful traders who have made a fortune on the exchange. Among them the most famous persons are George Soros and Warren Buffett. There are rumors that it is important to have insider information to win, but it is not necessary. You just have to comprehensively analyze the market, scanning the mood of its players. You can play on crowd psychology; use classic strategies; promote an innovative approach.
You have to start small. E-books, seminars, webinars, individual and group lessons - all of this will help you get the basic structured knowledge that you will later need to improve. Each paragraph of the theory you read will need to be practiced. Read about technical figures - look for them on the chart; study the market reaction to news releases - open different sources, look at prices, look for logical regularities. It is good if you can ask your personal mentor for unclear points. Or you can discuss the issue with more experienced traders. Traders' Exchange.
Is life boring for a professional trader?
Is there joy in the existence of a stock trader? Of course there is! It's even more than you can imagine. There are plenty of reasons: a successfully closed deal, a correctly guessed trend direction, timely news, randomly received insider information. It may even be a cup of coffee, soaked before the start of the day in the silence of his office or to the singing of birds, coming from the open window.
Are there boring deals? Yes. That's when I guessed the direction of the trend, and immediately closed the deal at a profit. You can even boast of such achievements! If the trend makes kickbacks - you are in a state of pleasant experience: a few minutes of waiting, and quotes will go up or down, as you have planned! Even if you learn to control your own emotions, you will still fall into a state of light excitement with large winning positions, and a little upset - with small losses.
To control the risks, correctly select an initial deposit, calculate the risk of a deal, manage your capital wisely. Choose an adequate lot, increase positions only in case of positive dynamics. Try to ensure that you always have enough funds and still have a solid reserve. This will save you from forced closing of positions by the broker by a stop-out. When working with an intermediary, make sure that negative balance protection is implemented and that the compensation fund money can be used.
You will always have to choose between a likely huge profit and risk insurance. Try to act rationally, because in case of loss you can be left without a livelihood, if you risk more than 2% of the capital for the transaction. If we talk in general, the profession of the 21st century offers you a lot of prospects. It is an opportunity to earn your own head on the traders' exchange, providing a sufficient level of comfort for yourself and your family. You will be able to raise money for travel and new clothes, delicious food and a luxury home, for the car of your dreams and quality education of your children. You only need to make an effort from the very beginning to make your dreams come true!