Manila, Philippines

How to make the learning process of trading easier?

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Since childhood, we have been learning about different ways to do different things. After learning to do one thing, another learning opportunity on something else appears. Just think of it as a common process. When you learned about walking, eventually your mind started to learn about running. Upgrade. Evolution. In the case of professional work, people cannot stop learning. When significant education and mastery in one work seems almost finished, people may consider you an elite professional, but in reality, the learning does not end even after the perceived mastery.

Who knows, in this technological and information age, the constant evolution can change the business landscape you are in. As the infrastructures change, you will have to adapt, improve and improvise your performance. This is what traders experience most of the time. Here are some suggestions on what to look for in the proper learning process for trading, may it be stocks or currency trading.


Traders will have to focus more on risk management

As they say, risk management first before profits.

The most proper setup for any kind of currency trading will have to be done with safety — via proper management of the risk per trade. The traders will have to work with the right and safest investment into their trades. This will be crucial in Juan’s performance in the trading business. One way is to consider having a tension free (or tension-less) trading environment. The right management of the trading position sizes will come second-nature. So, the traders will be making the right market analysis equipped with technical and fundamental studies. From there, the right signals will be available for the trades. In the event that the right signals are unavailable, the trades and exposure can still be controlled due to proper position sizing. This is because the tension free mind is focused and alert for every possible scenario. When the trends are not on your favor, the positions will be properly managed by the trading edge developed by the trader over time.


Develop your skills

Knowledge is power.

This is especially true when it comes to ForEx trading profession. Being a new investor, it’s better to seek help from the experienced professionals (such as those in Hong Kong for Saxo users) since they can give a precise guideline from first-hand experience. However, you can still master the art of trading by reading books and articles. Most importantly, the retail traders can use a demo account (e.g. Saxo demo account) to develop their skills without risking any real money. Just take logical baby steps, and who knows, soon you might be able to make a huge profit from this market.

Market analysis is the biggest work for trading

See the bigger picture. Be intune with the big trends.

It is true that the traders will have to spend most of their time studying the markets. That is needed for all of the trading process. For that, the traders will have to select the long term charts before zeroing in on short-term trends and volatility. Some proper technical analysis with proper tools and strategies are crucial ingredients. One of the most common charting tool used by almost all the pro-traders is the Fibonacci tool. If plotted properly, the traders will be able to easily understand the price movements. Then there will also be proper position sizing with the pivot point analysis. The traders will have to learn about them properly to master some good signals. When that is possible, you will not be disappointed with any trade, every trade will be a learning process.


You can use a demo trading account for learning

Practice, practice and more practice. If you can avoid losing money during practice, better. The trading process is a 10km walkathon, not a 100-meter dash. The key is longevity, to stay in the market in the long run with your limited capital, and not to run out of money so soon.

Experienced traders will be good with risk management and market analysis. There will have to be some good learning process happening for them through the numerous hours they have devoted to learning the business of trading. If you are able to get some good help in trading, the learning process will be good. The improvisation and personalization in the trading performance will also be very good. There is no harm in trying a demo trading account as you begin your own learning process in the business of trading. Trading in your demo account will give you less tensions coming from the thought of losing actual money.

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