Tips for successful trader, the company BankGCC
Trading may be considered in the various financial markets, both because it comes in the foreign exchange market or the stock market or even in the futures and bond market, it is more art than an inexact science, even though the numbers and graphs, financial ratios used by the majority of customers in forex market .
The customers in the company BankGCC Successful acquire their skills through continuous learning, in addition to the practice and discipline, and also comply with the rules managers experts in GCC Islamic investment bank.
In order to increase the success rate of our clients in their transactions, are they analyze their trading operations on an ongoing basis in order to identify areas of strength and to maintain them and repair their weakness areas, except for the impartiality of their emotions and feelings related to fear and greed out of the game.
Through these tips will recognize the best process followed by our customers successful and that inevitably will increase the chances of success of your trades in the forex market and improve your skills steps.
1. Select the percentage of your risk
In order to make profits by trading various financial markets, you have to understand the nature of the building and any market you trade him, but before that you must know and define your goal from the outset.
The first step you should do is to know that you can afford the risk and magnitude of capital that fits your trading routes, so a big exaggerated or may not have a very small proportion. This means that you study and analyze your financial goals while access to the trading and capital markets world should be.
2. Draw a plan and implemented
Once you know your goals, you have to paint a precise plan and in addition to the court to determine the length of time that you will trade. What is considered a failure? What is success? How long will you need to know? What is the time it is ready to be his specialty to the process of trading and what is the method that you want to approach? Only when your goals are clear and will be easy for you to plan that would put the trader, increase success rates.
3. Select the appropriate financial intermediary
The Rookie clients usually overlook this point. At present exists in the market a large number of brokers Among them there are many companies unlicensed or reliable, that do business fraudulent monument which may have a significant damage to the rolling condition to open an account with a third-party licensed these companies, so you must all junior to do a thorough search for the brokerage firm reliable and have experience years in the market, such as the GCC Islamic investment bank, which must be licensed by a global financial oversight bodies known along the lines of the financial services Authority FCA in the United Kingdom and the Securities and Exchange Commission.
4. Start trading with small amounts
Of the best ways for novice customers in diverse capital markets are starting to trade relatively small amounts and without the use of leverage or use sparingly until gaining sufficient experience and get used to the rhythm of the market.
There is no need to deposit large amounts and you are still in the initial stage of learning and gaining experience. If you are successful in your trading operations of your account will grow the profits that can be achieved in the market and therefore do not need to deposit additional amounts, and in case you are still not yet the road to success in trading more money inevitably discover it will get worse.
5. It focused on a limited number of financial instruments
Should focus on limited assets, you trade in the foreign exchange market should have some currency pairs only, even if you trade in the stock market focused on a limited number of shares up to regulate the rhythm of these assets and absorb how to behave in different market conditions. Because the prediction of financial markets is difficult and complicated, due to the random nature and the different nature and objectives of the participants. Most of the assets are a successful trading as difficult and therefore you should look for a sample that you can understand their disposal in the markets and you feel that you can anticipate the movement better.
6. Control your feelings and your emotions
Different feelings may feel like fear, greed, panic and intense enthusiasm never exist in successful customer Dictionary, although traders are just like any other human beings and they can be under the influence of those feelings, but you must find a way to control your feelings when trading because it sometimes and although of your expectations for the proper movement of the price of an asset, but the fear of loss, a sense of greed for more profit may cause big losses.
Therefore always we advise you to trade small amounts so as to minimize the risk ratios until you gain enough experience and adapt to the movements of the markets, and that you should follow the trading plan specifying the time logged out in advance in order to reduce the influence of emotion on rolling.
7. Trading regard to possibilities
Trading in the forex markets is simply serve for only the risks and possibilities analysis. Where there is no method or specific method can in order to make profits consistently or in all kinds of different markets. Thus, the success in trading does not mean that rolling does not lose, but the successful rolling focuses on the proportion to be losing in the unsuccessful transactions are always smaller than the profits of successful deals. Which can be achieved through proven ways to advance with good management of capital.
8. Be humble and patient.
our understanding and study of your operations unsuccessful and do not try to beat the market, the forex market is always right. Therefore Analyze your transactions failed and see the reasons for the lack of success and that you can avoid them in the future, focus on your strengths. Vanity does not feel in the event you achieve some profits the market always holds surprises you.
9. Learn about capital management
When succeed and fulfills profits, you have to maintain those profits and make your capital grow more. Here comes the role of capital management, the most important objective of capital management is to reduce the losses of failed transactions and increase contrast
10. Draw a trading plan
Trading in the various financial markets is not something very complicated, you do not need to be a genius in science or math, for example, to be able to succeed in the field of stock trading or foreign exchange to achieve additional income. But you definitely need to draw a simple and clear plan of specific milestones and accurately in order to achieve the financial goals that advance. In order to achieve this should avoid exaggeration in the analysis, and try to justify your mistakes.