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Trading and Brokerage
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ขั้นตอนการสมัครเพื่อเปิดบัญชีเทรดกับ Fusion Markets

ไปสู่เว็บไซต์ www.fusionmarkets.com

คลิ๊กที่สัญลักษณ์ รูปคน เลือก “สร้างบัญชี”

กรอก Email สร้างรหัสผ่าน ยืนยันรหัสผ่านอีกครั้ง

กด ยืนยันข้อกำหนดและเงื่อนไข

จากนั้นเลือก “ ลงทะเบียน ”

เลือก “ เปิดบัญชีจริง ”

โดยแถบเครื่องมือต่างๆจะอยู่ทางด้านซ้ายมือ

ยืนยันตัวตน

กกรอกข้อมูลของคุณ (เป็นภาษาอังกฤษ)

จากนั้นเลือก “ ถัดไป ”

ตั้งค่าบัญชี

เลือกประเภทบัญชี Classic หรือ ZERO

เลือกค่า Leverage ที่ต้องการ สูงสุด 1 : 500

เลือกสกุลเงินที่ต้องการ

จากนั้นเลือกคำถามเพื่อความปลอดภัยและใส่คำตอบของคุณ

ยืนยันข้อกำหนดและเงื่อนไข จากนั้นเลือก “ ถัดไป ”

อัพโหลดเอกสาร ยืนยันตัวตน 2 อย่าง

ประเภทที่ 1

ภาพบัตรประชาชน, ภาพใบขับขี่, พาสปอร์ต

(สามารถใช้เอกสารประเภทที่ 1 สองอย่างได้ โดยไม่ต้องใช้เอกสารประเภทที่ 2)

ประเภทที่ 2

เอกสารยืนยันที่อยู่ต้องตรงกับที่สมัคร

1. ทะเบียนบ้าน (หน้าแรก และหน้าที่มีชื่อ)

2. ใบแจ้งยอดค่าน้ำ,ค่าไฟฟ้า,ค่าโทรศัพท์ (รอบแจ้งไม่เกิน 6 เดือน)

3. Statement ธนาคารที่มีชื่อและที่อยู่ชัดเจน (รอบแจ้งไม่เกิน 6 เดือน)

เลือก “ ยืนยันบัญชีของฉัน ”

จากนั้นรอการอนุมัติบัญชีจากเจ้าหน้าที่

25/05/2020
Trading and Brokerage
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5 หลักการในการเลือกโบรกเกอร์ฟอเร็กซ์

1. ความปลอดภัย

มันคงไม่ดีแน่หากคุณจะเอาเงินที่คุณหามา ได้ ไปลงทุนกับใครก็ไม่รู้ที่คุณไม่รู้จัก แต่ ข่าวดีก็คือ มีหน่วยงานที่เชื่อถือได้ในแต่ละ ประเทศที่ให้ความสำคัญกับการลงทุนของ คุณและกำหนดกฏเกณฑ์ที่เข้มงวดเพียงพอ ให้การลงทุนของคุณนั้นปลอดภัย สิ่งที่ สำคัญที่สุดที่ควรดูว่าโบรกเกอร์นั้นอยู่ภาย ใต้การควบคุมของหน่วยงานทางการเงิน หน่วยงานใด ถ้าดำเนินธุรกิจภายใต้หน่วย งานเหล่านี้ คุณสบายใจได้เลยครับ



ประเทศอเมริกา : National Futures Association (NFA) และ Commodity Futures Trading Commission (CFTC)
ประเทศอังกฤษ : Financial Conduct Authority (FCA) และ Prudential Regulation Authority (PRA)
ประเทศออสเตรเลีย : Australian Securities and Investment Commission (ASIC)
ประเทศสวิสเซอแลนด์ : Swiss Federal Banking Commission (SFBC)
ประเทศเยอรมัน : Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN)
ประเทศฝรั่งเศส : Autorité des Marchés Financiers (AMF)
ประเทศแคนาดา : Investment Information Regulatory Organization of Canada (IIROC)

2. ค่าธรรมเนียมต่างๆ

ไม่ว่าสไตล์การเทรดของคุณจะเป็นแบบไหนก็ตาม คุณต้องเสียค่าธรรมเนียมในการเทรดไม่ว่าจะ เป็นค่าสเปรดหรือค่าคอมมิชชั่น และไม่ว่าค่าธรรมเนียมพวกนี้จะดูน้อยนิด แต่เมื่อเทรดเยอะๆแล้ว มันไม่น้อยเลยนะครับ ลองคำนวณดู

3. แพลตฟอร์มที่ใช้ในการเทรด

โปรแกรมที่ใช้ในการเทรดก็เป็นสิ่งสำคัญ ควรดูว่าโบรกเกอร์ที่คุณใช้มีโปรแกรมเทรดที่เป็น มาตรฐาน และมีความ user friendly มากน้อยแค่ไหน เพราะการเทรดในตลาดที่มีความผันผวนสูง แบบนี้ คุณต้องการความว่องไวในการใช้งาน

4. การส่งคำสั่งหรือ

สิ่งสำคัญอีกประการหนึ่งก็คือ โบรกเกอร์ที่ดีควรจะสามารถส่งคำสั่งได้รวดเร็ว และได้ราคาที่ดีที่สุด เพื่อคุณ (ในภาวะตลาดปกติ) ระบบการเทรดและ server ก็เป็นอีกหนึ่งสิ่งที่คุณควรพิจารณา เพราะ ไม่กี่ pip ที่ต่างกันนั้นอาจจะทำให้คุณสูญเสียกำไรในการเทรดไปได้เยอะนะครับ

5. การบริการลูกค้า

ไม่มีโบรกเกอร์ที่ไหนจะเพอร์เฟคไปซะทุกเรื่อง และด้วยเหตุนี้ คุณควรเลือกโบรกเกอร์ที่คุณ สามารถติดต่อได้ง่ายเมื่อเกิดปัญหา การบริการเมื่อเกิดปัญหาทางเทคนิคหรือปัญหาเกี่ยวกับการ เทรดสำคัญมากๆพอๆกับการส่งคำสั่งเทรดเลยนะครับ โบรกเกอร์ฟอเร็กซ์บางที่มีการบริการลูกค้า อย่างดีเมื่อเปิดบัญชี แต่การบริการหลังจากการเป็นลูกค้าแล้วนั้น ไม่ค่อยจะดีเหมือนตอนเปิดบัญชี เท่าไหร่นัก ระวังกันด้วยนะครับ


25/05/2020
Trading and Brokerage
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Why Trading Costs Matter So Much

Fusion Markets prides itself on its low-cost approach to trading, but have you ever wondered why access to low-cost execution is important and what part it might play in your long-term success as a trader?

 

You might not even link the two things together, and I can see why. After all, a few pips of spread, or dollars and cents of commission paid, is small potatoes when you are trading in tens of thousands of dollars worth of currencies and other instruments daily.

 

But not so fast because these costs make a difference in the long-term, and that is the timescale that Fusion wants to be your partner in the markets.

 

Let’s look at some numbers and imagine that you are a moderately active trader with a strategy that you deploy across five instruments daily. On average, you make 20 trades per day. Let’s call you Trader A. You have a friend who deals with another broker using a similar strategy, but they don’t offer Fusion Markets low commission rates. Let’s refer to them as Trader B.

 

You pay our low commission rate of USD 2.25 per trade whilst Trader B pays $5.00 per trade. You both trade 20 times a day, five days a week. That means that you, Trader A, pay $225 per week in commission while your friend, Trader B, pays $500 in commission per week. That’s $275 more than what you pay.

 

Now let’s scale that up...

 

Over a month, that’s a difference of around $1,100 commission, and over the course of the year, Trader B pays an additional $14,300 dollars more in commission than you for the same or similar trades.

 

That means that Trader B will pay away an astonishing $71,500 of additional commission over five years of this type of active trading.

 

Not only does Trader B pay those additional costs, he or she also “pays” the opportunity costs of not having that money available to them. Money that could have been saved or invested or that could have helped pay off the mortgage, the car loan or a nest egg for your kids that much quicker.


All that before we even consider the possibility of compound growth on that money over time.

 

Tighter spreads matter too.

 

Now not only do lower commissions benefit your trading and finances so do tighter spreads. After all, some brokers charge astronomical amounts in spreads.  

 

Spreads are the difference between the bid and ask prices in the market, the prices at which you can buy or sell a financial instrument like a currency pair or equity index.

 

Each time we buy or sell an instrument at the market price, we are said to be” crossing the spread” or if you prefer incurring the cost of spread in our trade.

 

The spread is seen as a cost because we have to make it back before our trade moves into profit.

 

Think of it like this: Instrument A is priced at 100-101. We can sell at 100 and buy at 101.

If we buy a unit of instrument A at 101, we incur an immediate running loss. That’s because our trade is valued at the price that we can sell the unit of instrument A for, and in this case, that’s 100.

 

In making the trade, we have incurred the spread as a cost. To make those costs back, we need to see the price of instrument A move up to 101-102 or higher. If it does that, it means that we now can sell our unit of instrument A at the price we paid for it. That is, we are now at breakeven on the trade.

 

And if the price of instrument A moves to 102-103, then we have a running profit on our trade because the bid price of Instrument A is now above our trade entry-level.

 

Spreads in FX trading may appear small but don’t forget that trade sizes are typically larger here.  Remember that a standard FX lot is US$100,000 of notional value.

 

What’s more, FX trading is leveraged, meaning that clients can gear up their account and at the maximum available leverage of 500:1 (30:1 if you're a retail client with ASIC), that means that a deposit of just US$ 2000 could control 10 FX lots or US$ 1,000,000 worth of a currency pair.

 

Even a small value like the spread in EURUSD grows pretty quickly when you multiply it by another 6 or 7 figure number. So, the difference between a 0.1-0.2 pip spread, that you typically find at Fusion Markets, in this most active of currency pairs, and a 1-2 pip price that you might well find elsewhere, quickly becomes material (in your head, you can do the math - 10-20x the figure is a LOT).  Our Historical and Live Spreads Tool is designed to allow you to see how spreads have changed historically, discover our average, minimum and maximum spreads and, consequently, make better informed trading decisions. 

 

Quite simply, the narrower or tighter that the spread you pay is, then the more chance you have of your trade moving into profit and doing so more quickly. Which, in turn, means more of your trades are potentially viable. Of course, you still have to do the leg work and get the direction of your trade right, but tighter spreads also mean that if you are wrong, and you cut or close the position. Then you are doing so at a more advantageous price, which can help keep your trading losses to a minimum.

 

Think of trading like an Olympic hurdle race. With a low-cost broker, you have a tiny hurdle to jump over in the form of lower costs. Your friend at Broker B has a giant hurdle he has to jump over every time he enters a trade. Who has the better chance of success here? Do you want to jump over a 1 ft hurdle or a 6 ft hurdle?

 

Successful trading is not a get rich quick scheme. It’s about finding and honing a style or system of trading that works for you and applying that to the markets over time. Successful traders often talk about slanting the odds of success in their favour, and they try to do this not just for the trade that’s in front of them now but for all of their trades during the months and years they are active in markets. Having a trading cost base that works in your favour can play a key part in this. It means the margin for error can be 10x lower than what your friend pays at Broker B.


So, isn't it time you stopped paying too much to trade?


07/05/2020
Trading and Brokerage
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Your reptile brain is hurting your trading

These are unprecedented times for all of us. Not only have we seen the financial markets crash, moving from an 11-year bull market into a bear market, with a -33% correction (only to see it bounce back up 25%!), in less than a month, but we have also seen the oil price collapse, thanks to a price war between two of its biggest producers and an oversupply. On top of which we have the small matter of the Coronavirus and associated lockdowns and isolation to contend with. What a time to be alive! 

 

Life has changed dramatically in the space of just a few weeks and things we took for granted can no longer be relied upon.

 

If you watched the way the financial markets have been performing over recent weeks you will have experienced a rollercoaster of emotions that has matched, if not exceeded the peaks and troughs of the market. What kind of market are we in? General fear and greed? Are professional Investors rushing to cash and dumping everything they can? Algorithms? Passive Investing/ETFs exacerbating moves? Everything and anything is being put on the table but these moves are unprecedented.


 If you're not confused, you're not paying attention. 

 

You‘ve probably been conflicted, part of you may have wanted to bury your head in the sand and hope it all goes away. Another part of you may have wanted to sell everything and “head for the hills” except (literally speaking) of course you can't because you are under lockdown.

 

Let’s be clear these are stressful times. Even hard-nosed professional traders who have seen market crashes before are in unchartered territory at the moment and are trying to work out what to do next.

 

And just like you, they have been behaving a bit like a rabbit caught in the headlights. That is, not sure whether to run or stay put.

 

Before we can decide what to do next, we need to take a step back and examine why we’ve been behaving and thinking as we have.

 

Firstly, we need to realise that it's not personal or unique to us. Everyone is stressed at the moment, they are out of their routine and under immense pressure. concerned for the wellbeing of families, friends and finances.

 

At times like these our everyday decision-making processes take a back seat and the way our brain and body operates undergoes subtle but important changes.

 

When we are severely stressed our blood chemistry changes dramatically, adrenalin, noradrenaline and cortisol are produced by and pumped around our bodies.


These chemicals increase our heart rate, our pace of breathing. and ready our muscles for action. Without us being aware of it we are preparing for fight or flight.


Why does this happen?

Well, the truth is that a prehistoric part of our brain is taking control of our actions. There are "Two-yous" in your brain. A rational, deliberate, thoughtful you. And an emotional, fast-thinking you.

 

The frontal cortex of our brain, which is the part of the brain that we normally use for decision making, becomes less active and a part of the brain that's sometimes referred to as our reptile mind, called the amygdala, takes over.

 

The amygdala is an almond-shaped cluster of neurons and nuclei buried deep in our brains, frankly, it’s a “throwback”.  It has its own independent memory systems and it deals with our emotional and physical responses to stress and fear.

 

The amygdala evolved to make us alert to danger and to keep us alive if, for example, we came face to face with a large predator. These days, for most of us, confronting a large predator, is a remote possibility.

 

However, the amygdala's response to heightened levels of stress and stressful situations have become baked into our brains thanks to millions of years of evolution. Such that it’s become part of our subconscious, and something we are only faintly aware of and are not able to control.

 

So if you have been watching the markets or financial TV recently and have felt your heart pumping, your brow sweating, your muscles tensing and have found yourself only able to focus on the screen, even ignoring someone who is speaking to you, in the same room, you are not alone or to blame. You only need to watch five minutes of television or visit a news site to see blaring counts of the death toll, economic shutdown and other news that puts your amygdala in the driver's seat.

 

When our reptile brain takes over our decision making becomes short- term and driven by fear and our long-term strategic thinking goes completely out of the window.

 

That's why it's so dangerous to make financial decisions under stress at the heat of the moment if you will.  A few rash decisions or actions that are taken then can easily undo years of hard work.

 

So how can we try and counteract these primaeval forces in our brain and psyche?

Well, the first thing to do is break the cycle, so walk away from the source of stress be it the TV or the computer screen and gather yourself. If you can get into the garden or get some fresh air for a few minutes that will help.

 

Having removed yourself from the situation you can try to re-impose some order.

 

Think about the timescales you are investing or trading over. If you are trading FX you may be taking short term positions, but they are likely to be part of a longer-term plan. Perhaps you can re-appraise this as a once in a generation buying opportunity?

 

Remind yourself what your investing goals are and over what time scales were you trying to achieve them.

 

I very much doubt your plan was about weeks or even months was it?

 

Your plans were probably conceived to play out over several years, weren't they?

 

It also helps to think about who you are investing and trading for and why.


Perhaps it's for you and your family or other loved ones, thinking about these long-term goals can help you centre yourself once more. When I'm investing or trading I think about 65 year old me retiring and ask myself "Will I care about today's trading result then? Or even in one year?"

 

If you do need to make a decision or take action on your portfolio, try to make that decision when the markets are shut and you are free of distraction. You will find that you can think a lot more clearly in those circumstances. That clarity is only likely to benefit your finances over the longer term. Take a minute to take some deep breaths.


Remember, this too shall pass.

 


20/04/2020
Trading and Brokerage
post image main
Why not be a passive FX trader?

New and novice traders spend a lot of their time worrying about how they will recognise and spot trading opportunities as they occur, and what will be the best way to exploit them when they do. They can spend hours researching and reading, looking at charts and trying to apply technical or fundamental analysis to the current market setups.

 

That investment of time and effort on their part is commendable, but all too often it's time and effort wasted!

 

It may seem harsh to say that, but here at Fusion Markets, we believe in telling it like it is.

 

We say that it's time and effort wasted because, despite all the research, reading and studying of charts, many newbie traders will still put the wrong trade on and more to the point not realise they are doing so.

 

Driven by sentiment

Financial markets are primarily driven by sentiment and momentum, which itself is created by crowd behaviour. That's something that was identified and put into print as long ago as 1841 and though the technology of trading has changed considerably in the intervening 179 years, the psychology of trading hasn't. 


We could go as far as to argue that while there is no longer a physical crowd on a trading floor or exchange these days, there is, in fact, a much bigger crowd whose voice and actions are amplified by modern communications. Real-time information through social media, for example, can enable the instantaneous exchange of information, prices and views across the globe.

 

The transfer of information 

There have always been communication channels between markets and their end customers, of course. But it is the speed of modern networks that differentiates today's trading from what went before.

 

Flags and telescopes on high towers, carrier pigeons and messengers all played their part in the transfer of information. Those methods were superseded by the telegraph, which in turn was replaced, at least partly by the telephone. The internet, the world wide web and the rise of mobile telecoms have ushered in a new age of high-speed data that can reach almost any corner of the globe, at the same time.

 

The net effect of all this is that the trading crowd is much larger, better informed and able to act and react much quicker than ever before.

 

Weight of money 

In trading, the majority rules, in that markets move in the direction that has the most impetus. If most of the crowd is bullish, then demand outweighs supply and prices will rise until fresh supply (sellers) are attracted into the market. This is why people go on about what the “Smart money” is doing. While we don’t necessarily agree with them being “smarter”, they certainly have more capital!

 

Conversely, if supply outweighs demand, that is there are more sellers than buyers to satisfy them, then prices will fall as new buyers are drawn into the market.

 

If these price changes persist for any length of time, they form what is known as a trend which is nothing more than a series of continuous, repetitive movements in price.

 

It's not only modern communications that have amplified crowd behaviour and sentiment.


The rise of tracker funds, ETFs and other passive investment vehicles have also played a role. These types of investment don't try to beat the market. Instead, they aim to match it.

 

Trillions of dollars have flowed into these trackers over the last decade and a half, and indeed you could argue that they have become so successful and so large that ETFs are now capable of creating the market's trends rather than just following them.

 

In fact, the world's largest fund manager is also one of the world's biggest passive investors (Blackrock).

 

Passive FX trading  

The influence of tracker funds is not as prominent in FX, as it is in say, equities or bonds; however, the principles are the same. The crowd dictates the trends in the markets and those trends tend to stay in place until new information emerges and cause a change in sentiment, which in turn can cause a change in those market trends.

 

Now the big mistake on the part of newbie traders that we mentioned at the start of the article was putting on the wrong trade, typically by opposing the prevailing trends in the markets.


The more entrenched the trend, the more likely new traders, are to try and oppose it. Ever heard the saying “trying to catch a falling knife”?


How can we become passive traders?

The most obvious way to be a passive trader is to follow the existing trends in the FX market, which occur in even the most widely traded pairs. Nevertheless, here's a few ways you can become more passive. 

 

For example, EURUSD trended lower for almost two years between February 2018 and February 2020. You didn't have to stay short of the rate (that is, have sold the Euro and bought the Dollar) for two years to benefit from that move. As long as that downtrend was in place, it was pointing you in the direction of least resistance and with that being the case why would you oppose it?

 

1) Check your charts.

 

Sometimes you will be able to follow existing trends, but there will be other times when individual instruments or markets are ranging or moving sideways, checking your charts and knowing your levels can aid you here.

 

A chart can speak a thousand words. It contains loads of useful information that's conveyed visually to the viewer. Get to know where the key support and resistances (watch for breakouts too) are situated over daily or weekly timescales; shorter-term charts are too noisy (I’m looking at you, 5-minute chart!).

 

2) Know where key levels and moving averages are.

 

The way that price reacts when it meets moving averages, or support and resistance can dictate the direction of the next trend. Knowing when and where this can happen will put you on alert to "jump" in once a new trend is confirmed. Fusion puts out trade ideas and analysis on Telegram and Facebook.

 

3) Look for clues about trends in sentiment tools

 

Tools that track what traders are thinking and doing are incredibly useful.

 

Given what we said above about retail traders opposing market trends, the passive FX trader uses these sentiment reports as reverse indicators.

 

We quite like FX Blue’s sentiment indicators which you can find here

 

The rule of thumb is that the more biased retail trader sentiment is in an instrument, the more likely that the market will move in the opposite direction.

 

A passive trader wouldn't preempt that move, but they would be prepared for it when it happens, or join it if it's already begun. 

After all, one of the most famous quotes in the markets is "the trend is your friend"... So don't fight it.  

 

26/03/2020
Trading and Brokerage
post image main
Why you don't want to be lucky

On Why making money on your first few trades may not be the best outcome

 


“The potential for temporary success by pure luck beguiles people into thinking that trading is a lot easier than it is. The potential for even temporary success doesn’t exist in any other profession.

 

 If you have never trained as a surgeon, the probability of your performing successful brain surgery is zero.

 

 If you have never picked up a violin, your chances of playing successful solo violin in front of the New York Philharmonic is zero.

 

It is just that trading has this quirk that allows some people to be successful temporarily without true skill or an edge—and that fools people into mistaking luck for skill”

 

- Quote from "What I Learned Losing a Million Dollars" by Jim Paul and Brendan Moynihan

 


Luck or skill?

The quote above, which is from the true story of the rise and fall of Jim Paul, sums up trading. It’s an occupation that you don’t need any specific qualifications to pursue.

 

However, unlike most “unskilled“ roles, the potential rewards in trading are substantial. In fact, they are open-ended or without limit if you prefer.

 

Of course, the key word in that sentence is potential because until they are realised those rewards will remain out of reach, tantalisingly close but just beyond our grasp.

 

Realising those rewards and doing so regularly will usually require hours of dedicated study and application, combined with the ability to follow a set of rules and the discipline to apply them every time you trade.

 

There is an old saying among traders and gamblers that they “would rather be lucky than good”, but this is wrong because as Messrs. Paul and Moynihan point out, people are very quick to mistake luck for skill.

Falling into a trap


To do that is to fall into the trap of outcome bias that is judging the success of an event or action purely on the results generated, rather than the journey taken to get to that endpoint.

 

Annie Duke, the famed poker player and author of “Thinking in Bets” calls this “Resulting”.

 

Yes, trading is about making money, but more importantly, it’s about making money without taking on excessive risk. It's all well and good picking up nickels and dimes you find in the street, but you wouldn't (or shouldn't) want to do this in front of a steamroller.

 

The ability to recognise, measure and quantify risk is a key skill for any would-be trader. Unfortunately, it’s a skill that must be learned the hard way, which in trading means losing money.

 

Harsh lessons

Losses are a fact of life in trading. They are part and parcel of the job description, and the trader must come to terms with that, and the sooner the better.

 

Here's the thing. In an ideal world, those new to trading should experience several consecutive losing trades. They should feel the pain and disappointment of seeing their money disappear and their ideas going up in smoke, however, by learning from their experiences, they should go on to be a better trader.

 

This may sound harsh, but there is no substitute for having skin in the game and losing money. It focuses the mind like very little else.

 

If we have correctly approached the markets from the outset (that is, conservatively), we should be risking only a small portion of our capital on any one trade, and only having a limited number of trades open any one time. Then these losses will be akin to scratches and scrapes and not mortal wounds.

 

 

A biased picture

 

Therein lies the crux of the dilemma we face as traders. If you are lucky and you make money straight away from your first few trades, you can develop a false sense of security.

 

You will overestimate your own abilities and fall victim to another bias, that of anchoring.

 

When our mind tricks us into anchoring, we carry an incorrect assumption or set of assumptions forward into future decision making. In turn, this can lead to availability bias where you make decisions and form opinions, based solely on the information in front of you, rather than considering the bigger picture.

 

To put this into context, let's imagine that you start trading in the live markets and you are fortunate to have US$ 10,000 in your account.

 

For your first trade, you take a “flyer” by going long two lots of an FX pair (that's US$200,000 of underlying notional value) You trade without a stop loss and then you head off for nine holes on the golf course.

 

By the time you return to your desk, the markets have shifted after a key central bank announcement.

 

By complete chance, because that's what it is, the markets have moved in your favour and you close out your position for a tidy profit.

 

That might sound like a good day's work, but it’s a disaster or at least a disaster in the making simply because you broke so many rules around money and risk management.

 

You didn't consider the leverage involved in the trade, the relative size of the position to your account balance and by not having a stop loss on the trade, you put all your trading capital at risk.

 

Finally, you didn’t check the calendar to see if any key data was due out and you left your position unattended while you played golf.

 

Make money but in the right way

We are not saying that we want you to lose money, on the contrary as your broker we would like your account to grow and for you to recommend us to your friends and family.


Ideally, as your partner in the markets, we want you to make money in a sustainable, systematic and thoughtful fashion, one that rewards best practice and encourages good habits, not bad. A trader placing small trades across ten years is worth far more than an easy-come easy-go trader who treats it like a visit to a casino.

 

A little discomfort in your first few trades can go a long way to achieving just that.

 

25/03/2020
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