Survival Tips for Traders Crucial Period of Trading

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What To Consider When Starting With Binary Options Trading?

Binary option trading is an excellent choice for traders who are looking to trade profitably and with relative ease.
With appropriate knowledge about the industry, traders can accomplish their goals successfully within a short period of time.
However, in order to achieve best results, you must use adequate financial and trading tools and pick a strategy that best suits your requirements.
Here you’ll learn what the most important considerations are when it comes to starting with binary options trading.

  • The broker should be regulated by a recognized authority: It’s important that you choose a regulated binary options broker and trading platform to invest your money in. Regulation ensures that both the platform and the broker are efficient and reliable and can be safely trusted with the money invested. Brokers who are regulated, would most probably not play tricks on their clients, and will play fair, as opposed to many un-regulated brokers.
  • Broker’s customer support and satisfaction: Apart from trust, customer support and satisfaction are also of prime importance for a trader looking to invest his/her hard earned money – especially at the beginning stage.Look online for reviews of brokers, as well as user feedback on your chosen broker, and ensure you find some evidence of excellent customer support and satisfaction.A reputed binary options broker will always provide their users with numerous educational materials, allowing them to understand how things work and the best ways to maximize their investments.
  • Range of Assets: Every trading platform offers different types of assets and binary options for trading – Forex, stocks, indices and commodities such as oil and gold. Hence, traders must carefully check the range of assets and binary options being offered by the platform and then pick a platform accordingly.Remember that it is to your direct benefit to have multiple asset choices as it allows you to diversify as well as maximize your trading success and opportunities.

    Tips for Trading Binary Options

    While choosing an appropriate binary options trading platform is crucial, traders must also adopt the right strategies and methods for trading assets and financial instruments.
    It is essential for traders to understand how the binary options trading system works. Typically, traders must educate themselves about the basics of binary options and learn to speculate the value of the asset.
    This is where the relative simplicity of binary options really shines through. When you think that the asset’s market is improving, just use the “Call” option whereas if you expect the market to fall, then use the “Put” option.
    Then just choose what expiry time you’d like for your option, among the ones that the broker offers you.
    The trading process is basically all about choosing an asset, expiry time and deciding between a Call or Put option.
    In a nutshell, binary options traders must understand the dynamics of trading and polish their skills regularly by way of analyzing trading methods and strategies.
    Alternatively, you can use automated trading robots that takes control of all trading analysis and decisions.

    Also, be sure to pick an appropriate binary options broker or trading platform that offers a plethora of trading options and features.

    What is The Best Trading Strategy To Earn A Living (Updated 2020)

    Answer: The best strategy is the one that fits your circumstances and personality best.

    We get this question often because we are the website that everyone goes to for trading strategies. I wish I could give you a straightforward answer to this question. However, I think you know as well as I do that this is a complicated question. To find the solution entirely, we are going to have to give you a complete, in-depth answer.

    The answer is the one that fits your style and circumstances. We are going to do that by asking and answering many questions. By the time we are done with this, you will know what strategy is best for you.

    I could easily say that the best strategy is a price action strategy, and that may be true for me. But it would not be right for you. This is because you might not be able to trade as many hours or at the same times as me. That is why to find the best trading strategies, they must be custom built for each person.

    Today by the end of this article you will know the best trading strategies for you.

    Whether you need to develop a Stock Trading Strategies PDF that you can look at any time. Or a complete list of strategies that work. We will help you know precisely what you need to trade well.

    I recommend that you bookmark this article right now because you will need to come back here often. You will be using this to assist you to build the strategy that is custom for you. We are going to have many trading strategy examples that you can use as a template to help build. You’ll complete a basket of useful strategies that you will be able to reference in the future. Here is another strategy called best Gann Fan Trading Strategy.

    Question: What is the best trading strategy for Intraday?

    Answer: Intraday trading will take a great deal of your time. This is because you will be focusing on the charts all day that you will be trading. This type of trading requires a great deal of focus. Make sure the focus is one of your strengths. If you cannot focus, intraday trading will be extremely difficult for you to master.

    Here is a list of strategies that we have compiled that work well for intraday trading:

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    Question: What Are the Best Forex Trading Strategies?

    The Forex Market has a high level of price movement which means that there can be fakeouts. This can move you out of your position. We recommend that you find strategies that will allow you to put a stop loss in a place. That will keep your trading from being stopped out quickly.

    Here are three strategies we recommend if you start trading forex:

    Question: What are the Best Strategies for Beginners?

    Answer: When searching for beginner strategies it is essential to know how long you will be holding your position. If you are going to keep your trades for less and one day that means you are a day trader. And you should find a day trading strategies pdf that you can use as a guide to follow during each trading session.

    Here are three strategies we recommend for beginning traders.

    Question: What is the best trading strategy for Cryptocurrency?

    Answer: CryptoCurrency is a challenge. This is because of the massive price swings that can take a trader out of his trade quickly. Here is a strategy we recommend for trading bitcoin. The scorching market means that everyone will be jumping into it. This is why it is essential to get an excellent plan so you will have an edge over everyone else.

    Question: What are the best trading strategy books?

    Answer: There are many books that traders should read if they want to become skilled in the craft of trading:.

    Here are three books that we recommend if you are looking for trading books.

    Question: What is the Best Trading Strategy in the Stock Market?

    Answer: Here at Trading Strategy Guides we develop and teach strategies for every market. And we have a list that we recommend if you are trying to learn how to trade in the stock market. The Stock Market is one of the most popular markets for learning how to trade.

    Here is the list of the best Stock Market Strategies:

    Question: What is the best trading strategy for crude oil?

    Crude Oil is a futures market. There are some things that you need to be aware of to trade it correctly. And we have some key setups to show you, including the best strategy pdf and best forex trading strategy pdf. It can also be essential to check the news for such events as the oil supply and demand release each week. We also have training for winning news trading strategy.

    Here is what we recommend for trading crude oil.

    Question: What is the best strategy for trading commodities?

    Answer: We have developed several strategies that help traders to trade commodities. Here are two of the ones we recommend for trading commodities.

    Question: What is the best trading strategy for small accounts?

    Answer: This is one of our favorite questions here at trading strategy guides. We believe that traders should start small and grow accounts as their skill improves. There is a myth that states, to become successful you must start with a large sum of money in your account. That is merely not true. We have targeted strategies that help you if you only have a pittance to trade.

    We have created the perfect strategy for growing your small account.

    Here are two that we recommend:

    Question: What is the best strategy for scalping the markets?

    To scalp the markets, you need to have a short-term trading strategy along with an intraday trading mindset, and we have just the approach to help you with that.

    Here are Three scalping strategies that we recommend.

    Question: What are the best technical indicator strategies?

    Here are three of the best indicator strategies to improve your chart reading skills:

    Question: What trading strategy is the best for youtube?

    Answer: We have posted many strategies on youtube and will continue to post more for you to learn from on a weekly basis. We have even published what some have said is the best forex trading strategy youtube video out there. The Video component of the learning takes learning to another level. That is why it is crucial to attempt to use visual, audible and execution learning methods so that you genuinely understand more deeply.

    Question: What is the best trading strategy on TradingView?

    We have developed many strategies, and they all work well with TradingView. However, there are two that we recommend that if you are going to be using the trading view as your trading platform, then you must try these two strategies out.

    Question: What is the best options strategy?

    Answer: Trading Options is an excellent way for traders to execute trades in the stock market. We have two unique strategies for options we recommend. This style of trading uses a simple set of rules based on technical and fundamental analysis.

    Question: What is the best trading strategy exit?

    Answer: When trading most traders think only about the trading strategy entry and entirely forget about the exit. The truth is that closing your trade is one of the most critical parts of your trading strategy. This is because if you can’t exit the trade with the profit, you won’t be a winning trader. Make sure you develop a plan that will help you get out of trades quickly and do not just focus on how to get into the trades.

    Question: What is the Best Automated Trading Strategy?

    Answer: Using Automated trading strategies for profit is extremely challenging because there are so many wild claims on the internet about making millions of dollars. Do your homework do not invest in something unless you understand how it works. Then I recommend starting very small with your investment and slowly increasing the amount you spend as you begin to learn how efficient the automated system is.

    Question: What are the best blogs for trading strategies on the web?

    Answer: The best trading strategy blog is the Trading Strategy Guides Blog. This is because they have a commitment to quality and excellence in their articles and posts. They use simple step by step instructions that make even the most demanding strategies easy to trade. The reports include the highest quality images. They also have videos about each plan to make the learning that much better. Finally, they put out an infographic for each strategy to indeed make the learning experience complete.

    But don’t let us tell you this. See what that trading community has to say about the best trading strategy blogs on the internet.

    Part Two: How to Determine What is The Best Trading Strategy For You.

    Each trader needs to have a trading routine to find the perfect trading strategy that works for them. If you as a trader take your time on the front end to plan things out and ask yourself the right questions, then you will be able to get a head start and be ahead of 90% of the other traders. Developing a process that you use every day, will assist you in finding the exact plan that will be needed for you.

    Some of the things you need to know are:

    How much time per day do you want to dedicate to trading?

    This answer will vary based on your circumstances. If you work a 9-5 job, then you will not be able to dedicate as much time to trading than someone who doesn’t work a full-time job.

    If you are in that category, you will have to find the best long-term trading strategy that you can and then trade that in the mornings before work or in the evenings after work.

    One of the great things about trading is that your strategy can be adjusted to fit your circumstances. No Wall Street day job needed.

    Another thing you should be asking yourself is how patient you are. Because if you are not a patient trader, then you will not be able to wait for days and hours for entries. In that case, it might be necessary for you to find the best short-term trading strategy because you will not have to be nearly as the patient when trading in the lower time frames.

    When determining your trading strategy, you will also have to consider how much money you will have to start with. The amount of money in your trading account can make a big difference as to what type of strategy would be best for you. If you start out with a small balance of fewer than 1,000 dollars, then you would be wise to find the best Mt4 trading strategy. This is because Mt4 is a platform that forex traders rely on. They do not need a large sum of money to start trading. It would also be wise to consider finding a suitable method for keeping your stop losses small. Larger stops can mean more significant declines.

    Bottom Line Best Strategy Tips for success:

    Yes, you can earn a living buying and selling using online trading platforms. The most important thing to remember is that you need to find a strategy that fits your specific trading style. The way to get the most accurate entries is to try to find the trend by looking at the various highs and lows. This should be able to help you to learn day trading and help things easy by always taking the most simple trade.

    Remember always have a profit target when you are taking your trade that will help you with your risk to reward ratio and find the best trade exits.

    Trading for a living is not easy, but if you have a fixed income, it can be an excellent additional source of revenue.

    Strategies that use specific trade entries and use a reliable risk management methods will help you on your way to having an excellent personal finance plan. The level of risk that you will be using should be comfortable for you, and we recommend contacting a financial advisor to help you with your situation.

    We recommend that you test your trading system before putting real money into the markets and that you always use a trading system that uses many resistance levels so that you know how the market will react in as many situations as possible.

    Overall Swing traders (also known as position trading) have the most success when first starting out to find the best trading strategy to make a living.

    It is also possible to use exchange traded funds or ETFs for any of these strategies. The use of these funds relies heavily on the earnings calendar and the economic calendar. So make sure that you are always following the market news, so you don’t get burned.

    There are many types of strategies that can be used to achieve financial freedom. One of those we didn’t discuss in this article was the fundamental analysis trading strategy. We will discuss that method of trading during a later section.

    In summary, it is essential to use the right technical indicators to utilize each additional strategy whether it is range trading or momentum trading.

    If you have any additional queries on finding the best trading strategy, then please leave a question in the comment section, and we will be glad to help you find what you need to help you become a successful trader.

    Thank you for reading!

    Please leave a comment below if you have any questions.

    Also, please give this strategy a 5 star if you enjoyed it!

    3 Trading Tips for RSI

    Using the RSI indicator – key things you need to know:

    In a d owntrend, RSI ca n r emain o versold

    • Use the c enter line to d etermine m arket d irection
    • RSI s ettings c an be a djusted for m ore or l ess o scillation

    What is RSI (Relative Strength Index)?

    RSI (Relative Strength Index) is counted among trading’s most popular indicators. This is for good reason, because as a member of the oscillator family, RSI can help us determine the trend, time entries, and more.

    The Relative Strength Index (RSI) was developed by J. Welles Wilder to measure the speed and change of price movements. RSI oscillates and is bound between zero and 100. There are many different uses for RSI and by far the most popular is trading overbought and oversold crossovers.

    To help become better acquainted with the RSI indicator and the different settings, we will review three uncommon tips for trading with RSI.

    Think beyond the crossovers

    When traders first learn about RSI and other oscillators, they tend to gravitate to overbought and oversold values. While these are intuitive points to enter in the market on retracements, this can be counterproductive in strong trending environments. RSI is considered a momentum oscillator, and this means extended trends can keep RSI overbought or oversold for long periods of time.

    The below image is a prime example using RSI on a EURUSD 8 h our chart. Even though RSI dropped below a reading of 30 price continued to decline as much as 300 pips . . This could have spelled trouble for traders looking to buy on a RSI crossover from over sold values. Instead consider the alternative and look to sell the market when RSI is oversold in a downtrend, and buying when RSI is overbought in an uptrend.

    Watch the center line

    All oscillators have a center line and more often than not, they become a forgotten backdrop compared to the indicator itself. RSI is no different , with a center line found in the middle of the range at a reading of 50.

    Technical forex traders use the center line to show shifts in the trend. If RSI is above 50, momentum is considered up and traders can look for opportunities to buy the market. A drop below 50 would indicate the development of a new bearish market trend.

    In the graph below you can again see our EURUSD example using an 8 hour chart. Notice that when price pushed upward, RSI remained above 50. Even at times, the center line acted as indicator support as RSI failed to break below this value in the middle of April prior to the creation of a nother high . However, as momentum shifted, RSI dropped below 50 indicating a bearish reversal. Knowing this, traders could conclude any existing long positions, or look for order entries with prices new direction.

    Check your parameters

    RSI like many other oscillators is defaulted to a 14 period setting. This means the indicator looks back 14 bars on whatever graph you may be viewing, to create its reading. Even though 14 is the defaulted setting that may not make it the best setting for your trading. Normally short – term traders use a smaller period, such as a nine period RSI, to replicate shorter term movements in the market. . L onger – term traders may opt for a higher period, such as a 25 period RSI , for another indicator line.

    In our final comparison, you can see in the graph below a nine period RSI line side by side with a 25 period RSI line. While there may not seem like much difference at first glance, pay close attention to the center line along with crossovers of the 70 and 30 values. The RSI nine at the top of the graph has considerably more oscillation compared to its RSI 25 counterpart.


    What are other useful tools to use with the Relative Strength Index (RSI)?

    As the name implies, RSI is simply measuring relative strength of the underlying market. When using RSI to identify reversals it is important to incorporate other tools like candlestick analysis or trend line analysis. For example, if you find are reading a reversal candlestick near a trend line while RSI is diverging, then you have a trading signal being generated.

    What markets can RSI be applied to?

    Since RSI measures the relative strength of the underlying market, it is a technical tool that can be applied to nearly any market. However, it is commonly applied to the more liquid and larger markets like forex, stocks, and commodities. Follow our three steps to buying the dip or selling the rally to bring more an edge to your strategy.

    Interested in learning more about f orex trading and strategy development? We developed a new to forex guide to help you get started. If you are more experienced, make sure to read our Traits of Successful Traders research on a big mistake traders make and why they lose money.

    Lastly, s ignup for a series of free Advanced Trading guides , to help you get up to speed on a variety of trading topics.

    A Forex Trader’s Morning Routine: 5 Crucial Elements You Need To Apply


    Most people seem to have a really hard time waking up in the morning. It’s as if we’re resisting the idea of living another day at its fullest.

    I use to be that way. I’d hardly wake up, hit the snooze button and fall back asleep until I HAD to wake up. Sounds familiar?

    If you’ve been in the self-improvement world lately, you probably heard about the importance of having a morning routine. Waking up and going straight to work does not place you in an optimal state.

    Recently, I came across The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM) by Hal Erold. I had heard about that book for a long time but took the action to read it and implement.

    I’ve now come to a point where I enjoy mornings because I know that what I do in the morning is setting me up for success. I get to wake up feeling excited and that is a really good start for a trading day.

    Although the book by Hal Erold provides a nice framework, I had to adapt it slightly. The way I designed my morning routine ensures that I, as a Forex trader, is ready for an excellent trading day. It’s not only about trading, but it’s about getting in the right state to get results.

    Am I the only trader with a morning routine?

    Not at all. You’ll see that other traders are doing just the same thing–or have their own versions of a morning routine.

    1. Getting in the right physical state

    “At 7am ish I go for my morning walk. I load up my audio book (recently I’ve been listening to “My Daily Trading Coach”) and I take a 15 minute stroll around my neighborhood. This is my time to unwind and relax before my active trading day begins.”
    — Akil Stokes, Currency Analyst & Coach at Trade Empowered .

    As a Forex trader, you might be tempted to start your day sitting in front of your trading monitor waiting for your trade setup. I can tell you that this is not an optimal way to do things.

    Trading is a discipline we could compare to sports. As a trader, it is almost inevitable that you will experience stress and the goal is to learn to deal with that stress. Exercise has been proven to reduce stress and it also keeps you in an awakened state. Personally, I noticed exercise helps clearing up my mind and coming up with new ideas.

    How to apply:

    Upon waking up, one of the first thing I do is heading to my fitness room or outdoor (depending the weather). I start the day with a quick jog or workout.

    You need to understand that exercise doesn’t mean sweating or running on a treadmill for an hour. Just 15 mins of your favorite exercise is significant and can make a huge difference.

    2. Getting in the right mindset

    “Morning routines are important, they plant the seed in the mind so that you will act accordingly in the day.”
    — Alwin Ng, Forex Trader & Performance Coach at Trade Your Edge .

    There is nothing worst than waking up in a negative state. Suddenly, the whole day goes by like a challenge draining energy. A trader starting to trade in that bad state will have a much harder time keeping things in perspective. He may be totally disappointed from a few losses. He may even miss trades–after taking the time to prepare a big batch of coffee.

    Because of that and their desire to reach an optimal mental state, professional traders think about ways to create that right mindset upon waking up. Whatever the thought popping into their head upon waking up, great traders must bring themselves into the right mindset as part of their morning routines.

    How to apply:

    Every morning, I make sure to be grateful for at least 3 things and to write that down. I look at my goals and use affirmations to bring myself to the state of mind I want to be in.

    Keeping a journal with objectives, accomplishments and things to be grateful for is a great way to keep moving forward. After a few months passed, I’m often surprised to go back in my journal and realize that was I wanted to accomplish actually happened.

    3. Developing yourself

    “Work harder on yourself than you do on your job.”
    — Jim Rohn

    When you start developing yourself and working on truly mastering a skill, you life start to change.

    While I first tended to underestimate the power of books and educational programs, I can no longer start my day without investing some time to develop myself. Even just 15 minutes can bring you enough knowledge to help you get to the next level as a trader. You might get ideas on new strategies you want to test, or simply new ways to do things.

    Successful traders know one thing: success does not come from a single reading or activity. It comes from the sum of small habits repeated every day. They know that working on themselves daily as part of their morning routine has the potential to create the amazing results they are looking for.

    How to apply:

    Take time to read for at least 15 minute daily, listen to an audiobook, or even listen to a podcast. Make sure what you read or listen to has the potential to make you a better trader or person. I discussed the kind of trading-related books I listened to in How To Start Your Trading Day For Maximum Profit.

    3. Analyzing the market

    “Each morning I take a hard look at my current positions. Where can I reduce risk? Where can I take more profits? Should I close this trade early? It’s this analysis AFTER I have done my morning research that has been very beneficial for me.”
    — Kirk Du Plessis, Founder & Head Trader at Option Alpha .

    The morning represents a pre-trading period where Forex traders have the possibility to get in a moment of more objective analysis. This means not getting caught off by the immediate action of a currency pair, but instead taking a step away to look at the big picture.

    I often find myself looking at charts very early in the morning, not to enter trades, but to make sure I do a proper analysis. I may look at pivot points if I am trading intraday or take time to setup alerts for certain price levels.

    How to apply:

    Whatever time frame you are trading, jump 1–2 time frame higher and ask yourself the following questions: “What is the currency pair doing? What is the bias? Up to where is this move likely to go?” Then, go to your usual time frame but keep the big picture in mind. That has been very beneficial for multiple traders.

    5. Reviewing your game plan

    “Every fighter has to go in there with a game plan.”
    — Rau’Shee Warren, Professional Boxer.

    I have discussed the idea of knowing your trading plan by heart several times before. I also believe that repetition is the only way to truly remember something. The more you’re exposed to an image or a line of text, the more you’re likely to remember and actually use it.

    Making sure you know what you should be doing is the first step to actually doing it. Even if you know your trading plan by heart, reviewing it will ensure you perform even better.

    How to apply:

    The idea is simple: take 5 minutes in your morning routine to review your trading plan and rules. That alone can eliminate a lot of confusion. When you get clear about your game plan and the process you need to follow, you’ll increase your chances of success as a Forex trader.

    Things to consider

    The 5 elements are considered crucial for a trader’s morning routine. However, there are still things you can do to increase the results your routine will have on your overall day. I would include waking up early (I wake up at 5:00am 7 days a week). Drinking water upon waking up also helps getting that first boost of energy to kick start the day. Nevertheless, the beneficial effects of enough sleep shouldn’t be forgotten. I make sure (most times) to get at least 7 hours of sleep.

    If you are the kind of person sleeping too little, I recommend checking out Why Six Hours Of Sleep Is As Bad As None At All.

    Let’s recap

    The main purpose of a morning routine is to set you up for a successful trading day. Applying the tips in this article won’t make you a profitable trader, but they will definitely help you get in a better mental and physical state. The goal is also to help you grow and to ensure you are approaching the Forex market with a calm and more objective perspective.

    What’s your morning routine? Any other tips for the trader’s morning routine? Leave a comment below!

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