Day trading is a fast-paced and often lucrative form of investment. As you probably know though, it’s not a simple gold mine. Countless people get into day trading every year, and make massive losses through rookie mistakes. I’m sure you don’t want to be one of those traders, do you? To make sure you don’t fall at the first hurdle, here’s some valuable advice for day trading as a beginner.

My first piece of advice: there’s no shame in getting outside help. These days, there are more independent trading tools than ever before. If you can swallow a little pride, there’s all kinds of benefits to be had by using these. For a pretty affordable fee, you can have access to a live day trading room, or constantly updated tips. There are some tools out there which are no better than scams, true. However, when you find the right one, you’ll start making progress much faster than you would have expected. Some services even offer trading simulators. While there’s nothing like the real thing, these programs can be very helpful for learning how day trading works.

It’s a grave mistake to think that there’s ever a “sure thing” in trading. However, when you’re making your first few trades, it’s advisable to look for the safest investment available to you. Seen as you’re reading this article, you probably know something about supply and demand. Just like anything else, the financial markets behave according to this rule. If there’s barely any supply but there are still people willing to buy, then the price will increase. However, if there’s an excess in supply and there aren’t many buyers, the price will be due to go up. It will take a little research, but learn to identify these developments in advance. Once you get used to the flow of the markets, you’ll be seeing great entry points all over the place!

Finally, have a set of rules and stick to them. Day trading, and any other kind of investment, carries a lot of risk. In the speed of it all, it can be hard to make wise decisions. This is why you need to have certain personal limits which you will not break. Risk-reward ratio is one of the most important concepts for a day trader to understand. Not considering this factor is one of the main reasons so many new traders fail in their first month. Once you have a proper understanding of risk and reward, you’ll find it much easier to keep your losses down and your gains high. As a general rule, I’d keep all of your first trades at a 3:1 ratio or below. This will mean that you stand a decent chance of coming out on top, and any losses won’t be incredibly detrimental.

There you have a few valuable secrets to starting your day trading. My final tip is to not get too disheartened by your losses. Every trader loses out here and there, but you won’t be able to make it back if you give up!

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iFOREX is an established online trading platform. Though its establishment was in the year 1996, the venture into the online trading had its launch in 2004.The trading platform was developed by like-minded bankers and Forex traders and has ever since grown to be a recognized and respected firm in its industry of operation. Regulated in Europe by the CYSEC and PSZAF, iFOREX is one company that still has much to offer to the finance world. This review on IFOREX will expound on its financial impact.

Much as iFOREX specializes in the commodity and index trading, it also has a lot to present in the trade of currency pairs. Forex markets to much surprise are ten times larger than stock markets. And iFOREX has not been left behind in this progress. It offers and still continues to offer trade in currency pairs ranging from the exotic currencies to the least popular ones in the market.

The Best Sides of iFOREX

iFOREX offers three trading platforms to its customers. These include the Fxnetplatform, web based trading platform, and the mobile platform. The mobile trading platform, which is the newest, offers customers with an integrated trading experience while on the move. And with the revamping of the platform, customers are promised a serene trading experience like no other.

iFOREX presents customers with an up to date analysis of the financial markets on a daily basis. Furthermore, forecasts to that regard will enable you make better choices when it comes to trading. To add on, with its account managers, a user can be sure of proper assistance and account management. You are provided with advisory services and have a 24-hour support system in place for your inquiries. You, therefore, have 24 hour trading from Sunday night to Friday night, accompanied by trading support.

Financial benefits of trading with iFOREX compared to other trading platforms are as follows:

• You enjoy liquidity and connections to the global financial market. You will have access to international markets andcan make use of resources provided for global liquidity whenever you feel like.

• You are provided with a clear view of trading and the costs associated. Like any trading venture, transparency is desired. iFOREX does not have hidden fees. Furthermore, when trading, you can hedge and have future profits payments alongside a customized leverage.

• You are assured of a continued development in technology to help with risk management. This is especially so when the markets hit volatile situations. Apart from the technological advancements, the trading platform features timely margin protection. To add on, there are risk management precautions put in place to ensure that a negative balance in your account is avoided.

Overall, review on iFOREX shows that it is a trading platform that has much to offer to the financial world. It has an upright technological improvement and applications with vast currencies traded on a daily basis. Furthermore, proper precautions are put in place so that you may enjoy your trading experience. Also, the transparency of the trading and the viable financial forecasts present a customer with much-needed information to make decisions. This trading platform is definitely the one to watch in the coming years.

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Despite what many traders believe, Forex trading is not a guessing game. Those who try on their own to predict price movements of currencies will not find it easy to make any money. Even experienced Forex traders have difficulty following price trends and forecasting the direction in which prices will move.

Therefore, all traders, especially new ones, should use a Forex trading system with the best variety of analytical tools available. Without a reliable system which can guide you how and when to buy or sell, you are simply basing your moves on speculation. Gambling can work sometimes but now always and shooting in the dark with Forex is as close to gambling as you are going to get.

Trading Systems

Experienced Forex traders are able to formulate their own trading system. Beginner traders need to purchase a good software program that will guide them through the process. But before even looking into which software to buy, you must, at the very least, learn the basics about Forex and how it works. Without this knowledge, even the best trading system will not work for you.

Once you feel you have some understanding of currencies and how they are traded, acquiring the best system becomes easier because you know what to look for. A good trading system helps create the best set of guidelines using a variety of analytical tools. In addition, this system will present both current and past market trends and interpret them for you so you can see clearly how the market is expected to perform.

There are, of course, good trading systems that produce reliable results and inferior systems that just as often lead you to make poor market moves. Just because the system is expensive, however, it doesn’t mean it is the best. So it is worth doing your own investigation and comparison between the different available software programs. Referrals from experienced traders can be very helpful here.

The best Forex trading systems are fast as well as accurate. Those programs that analyze their own trends produce slower results. Other systems can do in minutes what the best analysts take hours to complete. Forex trading demands speed and every second can be significant. Time is money in Forex.

Whether you are trading Forex for the extra income it can bring in or as a new career, you must be willing to spend the money on the very best system you can find. Like any other endeavor, an initial outlay is needed in order to get started but with time and experience, you should be making enough money to cover your initial costs and then some. Of course choosing the right system for you is taking a risk as you are never quite sure how your selection will work out. But since the whole concept of investing in any financial instrument involves taking risks, this is just one small part of the total picture.

There will be many risks involved in Forex trading. Finding the best trading system is definitely one step in the direction of a profitable trading experience.

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Consumer inflation in Germany has fallen to levels last seen in April 2013, and reaction from the forex markets has been mixed. The federal statistics office confirmed what many analysts had previously indicated in their forecasts: German consumers got a slight break at the cash register during October.

Reaction by the forex markets to the economic update from Germany was mostly mixed. As reported on iForex.in, the euro essentially disregarded the inflation news and advanced against the U.S. dollar and the British pound. The harmonized October reports from Germany show that inflation stood at 1.2 percent versus 1.4 percent in the previous month.

Reasons for Concern

Economists and European Union finance ministers are concerned that the latest figures from Germany point to a larger deflationary trend. Inflation in the Eurozone has been slowing gradually to the lowest levels in four years, which recently motivated the European Central Bank (ECB) to adjust the key interest rate downward to 0.25 percent.

In light of the global financial crisis and the European debt crisis, the ECB is keeping a close eye on inflation. The goal is to keep inflation a little under 2 percent for the purpose of stimulating the economy, but the 1.2 percent reports from Germany hint at the possibility of deflation.

News From the United Kingdom

Germany is not the only European nation to experience lower inflation rates. In the UK, the year-over-year inflation report for October came in at 2.2 percent. Analysts expected an increase to 2.5 percent, particularly after seeing inflation jump to 2.7 percent in October. This slowdown was not seen in the housing sector as home values in the UK are now at historically high levels. As a result, the British pound has been sluggish in the forex markets.

Positive News from the United States

The battered American economy saw signs of improvement thanks to a positive report from the Financial Conditions Index, which is an amalgam of the money lending rates and the yields on U.S. sovereign debt. This index climbed 0.4 percent to stand at 1,825. This macroeconomic indicator put the U.S. dollar on an uptick trend.

Gold Reacts to U.S. News

Now that the Federal Reserve Bank of the U.S. is hinting at a possible reduction of its stimulus program before 2013 comes to an end, gold prices reacted downward. As more positive economic news come out of the U.S., gold traders seem to be pulling back on their market positions, which are placing December futures as low as $1,280.40 an ounce.

Source: iFOREX

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Of late, the option of binary options trading has become quite popular. In this type of trading, the payoff amount is some kind of fixed amount of asset or nothing at all. In the recent times, the binary options trading has been divided into two major types – Cash or nothing binary options trading and Asset or nothing binary options trading. In case of cash or nothing binary options trading, a fixed amount of cash is paid when the option expires while in case of asset or nothing option, the underlying value of the asset is paid off.

Benefits of binary options trading

There are various benefits associated with binary options trading. In order to understand the trading option in a better way, you will have to know about the benefits in details. Let’s take a look:

Accessibility: People prefer trading through binary options because in this option, the investor will be buying the contract and not the asset itself. This will help open up the profit option through binary trading to a greater number of people who would otherwise be restricted due to high prices of other stocks. For example, if you have $1000 and you find that a share costs your $50, then you will be able to buy 20 such shares. Later on, if the share prices increase to $55, you will be able to make a 10% profit on them (20X5 = $100). However, if you invest your money in binary options trading, you will get a profit margin of as much as 71%.

Know the risks: If you go for binary options trading, then it will ensure that as an investor you know how much loss you may have to incur. Most of the companies providing binary options trading will never ask for more money in case the option expires out of money. This helps the investor to plan better for the next investment.

Simple deals: In most cases of binary options trading, the payout is dependent on direction of the asset price change and not on the difference in price. As a result, the investors do not need to have a detailed knowledge about the product. Thus, this option is easier for a new investor as well.

Profitable option: Apart from accessibility of binary options, you should remember that as the profit is not related to the difference in price but to the change in direction, making profit becomes easier.

Trade from home: In case of binary options trading, you will get a platform which will help you in trading for international binary options directly from your home. You can do so whenever the markets are open. Thus, the traders and investors can trade from the comfort of their home.

Now that you know about the major benefits of binary options trading, it will be easier for you to decide whether you should go for this option or look out for stock trading. Once you know about the option that suits your purpose well, you will be able to invest money confidently.

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