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The problem with part-time trading is that trading itself is very difficult and that there are many obstacles that one needs to overcome before becoming consistently profitable. Who can be Part-Time Traders?  The group of people includes students, young professionals, and old retirees – basically anyone who has to allocate most of his or her time to other endeavours, but still want to dip their hands into the markets. Trading Method or Trading Style Stick to a forex trading method or style that suits your schedule is very important in part time trading. The biggest problem for part-time traders is time . If you only have an hour to commit to trading every day, this can severely limit your options. In that particular situation, you may want to take a look at scalping or maybe switching to longer-term swing and position plays. In any case, the lesson is that before settling on a trading style, figure out your schedule and move on from there. Try to Increase Your Tradin...

What is Swing Trading? Swing trading are short term strategies to take advantage of price swings, either reversing back to the median or fading a rally. Swing trading attempts to capture gains in a stock (or any financial instrument) within an overnight hold to several weeks. Why Swing Trade? Swing trading involves holding a position either long or short at least overnight and or up to several weeks. The goal is to capture a larger price move than is possible on an intra-day basis. Swing trading assumes a larger price range and price move and therefore requires careful position sizing to minimize downside risk. Swing Trading is a strategy that focuses on taking smaller gains in short term trends and cutting losses quicker. The gains might be smaller, but done consistently over time they can compound into excellent annual returns. Swing Trading positions are usually held a few days to a couple of weeks, but can be held longer. Swing Trading Strat...

People always want to find the best type of trade to invest in. This particularly holds true for short-term and long-term trading. This decision, however, varies from person to person. Ideally, the trader must decide on a trading type that best suits his/her personality. Let’s us take a closer look at short and long-term trading to gain some insight. Short-term trading  When the duration between buying and selling ranges from a few days to a few weeks, it is considered as short-term trading. Pros of short-term trading Faster means of making money: The benefits of a trade can be realized in a short period through this method. You can earn profits within a day by investing in intraday trading. Short-term risk: If you discover that a wrong decision was taken on a trade, you can free up the capital invested and reinvest it in fresh stocks. This is because capital is at risk for a shorter period. Cons of short-term trading Volatile market: There are chances that you m...

The Forex Insight for 24th May for major currency pairs are as follows: EUR/USD The EUR/USD pair held on to its modest recovery gains above the 1.1700 handle. The ongoing US Dollar profit-taking slide, triggered by a dovish assessment of Wednesday's FOMC meeting minutes. USD showed little signs of easing amid a sharp retracement in the US Treasury bond yields and following an unexpected rise in the US initial weekly jobless claims. The pair would need to advance beyond 1.1790 to gain some further upward traction and retest the weekly high at 1.1829. GBP/USD GBP/USD: bulls capped by the 100-hr SMA, but if that were to give, opens risk towards key 1.3450 (50-W SMA). GBP/USD is trading at 1.3387, with a high of 1.3422 and a low of 13349. The technical readings lean bearish and are stacked up against the bulls. However, 1.3301 comes as the Dec 14 low and a potentially strong level of support. 1.3040 is a key downside t...

Different market entry and exit orders are being required for different trading scenarios and Forex Trading. The following are some basic types of Forex Orders: Market Order   This is the simplest way to enter the market, whether you are going long or shorting. By taking a market order, a trader enters the market at the best possible price at that given time. The order is filled straight away. Buy Limit   This order anticipates a bounce in an upward direction from the current down-trend. Therefore, an entry point is created below the current market price. Once the entry price is reached the order is triggered to go long. The stop loss is below and the profit target is above the entry level. Sell Limit Opposite to the Buy Limit, this order type anticipates the market to bounce downwards from the current up-trend. An entry point is created above the current market price. Once that price level is reached, the order is triggered to go short. The stop loss is above ...

If you are an equity investor what would you typically rely on? You would rely on a research report or on technical calls. Let us leave out technical calls for the time being as our focus is more on long term investments. Long term investing is based on a research technique called fundamental analysis. What fundamental analysis does is to project the cash flows of a business and then discounts these cash flows backwards to arrive at a valuation. The fundamental analyst not only looks at financials of a company but also at non-financial items like the company’s reputation, its brands, its management quality and the unique business advantages that it has created. As an investor, it is not just enough for you to get a fundamental report on whether the stock is undervalued or overvalued. You need to ask some probing questions because it is your money after all! What are the prospects of the company's line of business When you buy a company’s stock you buy for the future. That means...

Emotions should you watch for in yourself while trading: 1. Greed:   Traders are greedy when they don’t take profits because they think a trade is going to go forever in their favor. Another thing that greedy traders do is add to a position simply because the market has moved in their favor, you can add to your trades if you do so for logical price action-based reasons, but doing so only because the market has moved in your favor a little bit, is usually an action born out of greed. Obviously, risking too much on a trade from the very start is a greedy thing to do too. The point here is that you need to be very careful of greed, because it can sneak up on you and quickly destroy your trading account. 2. Fear:  Traders become fearful of entering the market usually when they are new to trading and have not yet mastered an effective trading strategy.Fear can also arise in a trader after they hit a series of losing trades or after suffering a loss larger than what th...

EUR/USD The EUR/USD pair finally broke down of its European session consolidation phase and tumbled below the 1.1900 handle in the last hour. The pair extended overnight rejection slide from the vicinity of the key 1.2000 psychological mark and traded with a bearish bias for the second consecutive session on Tuesday. The USd Dollar continued gaining positive traction, further supported by resurgent US Treasury bond yields, and kept exerting downward pressure on the major.  The selling pressure remained unabated following the release of US monthly retail sales data, coming in to show a m-o-m growth of 0.3% for April. The positive in-line figure were further complemented by an upward revision of previous month's sales, now showing a growth of 0.8% m-o-m as against 0.6% reported earlier, and stronger than expected Empire State manufacturing index, which rose to 20.1 for May from 15.8 in April. GBP/USD The GBP/USD is trading around 1.3460, down 0.65% on the day. US 10-year ...

NO TRADING PLANS: A trading plan is a strict set of rules, half of which a trader draws from their trading strategy and the other one from their money management strategy. The plan may be then complemented by as many more points as the trader sees fit. WHAT IS TRADING PLAN: Specific market conditions for entering a trade; The amount of money to risk in a trade; Specific market conditions to get out if you are wrong (stop-loss); Specific market conditions to get out if you are right (take-profit); Approximate time for the market to reach your target; Note down and record everything! Write this list down as postulates and have it front of you before, after, and during your trading. RISKING TOO MUCH ON ONE TRADE: Never take too much risk in one trade. Forex brokers are allowed a lot of freedom in terms of leveraging their trading account, while beginner Traders lag behind in money management discipline. A combination of these two leads to high risk, hazard trading. Always...

#1 ANALYTICAL STAGE Analyse the CHART. Look out the worthwhile OPPORTUNITY to take a trade Identify the LEVEL of entry with a good risk reward ratio #2 TRADING PLAN DEVELOPMENT Create a trading PLAN. A Buy or Sell ORDER will now be executed. Bring the TRADING PLAN into existance. Adhere to your trading principles. #3 TRADE ENTRY EXECUTE the trade. A high probabilty trade entry with the aim of achieving optimal profits with good risk to reward ratio. #4 TRADE MANAGEMENT MONITOR the trade. Absorb all the market information that is being presented in the chart. Minimize the risk and Maximize the profits. #5 EXIT THE TRADE Releasing the Profits and rolling in the pips. Closing the trade. #6 REFLECTIVE PROCESS Reflect the whole process. Reflect it stage by stage for maximum learning experience. Look out for area of improvement. Learn from your trade. Come Out of your losses in Forex Market/Stock Market/Comex ...

Best Currency for Swing Trading Swing trading in Currency is a Short to long term trading style that requires patience to hold your trades for several hrs to days at a time. Swing Trading ideal for those who want to trade but can’t monitor charts throughout the days. Swing trading call can be generate by giving few hours of day during market hours or after market hours. This is probably best suited for those who have full-time jobs or school but have enough free time to stay up-to-date with what is going on in the global economies. Swing Trading in Currency Trading in Currency? Currency is best instrument for Swing trading. As both side goal keeper is Government. Currency mostly stable instrument. EUR ,USD, JPY, AUD, CHF, GBP make best pairs for Swing Trading as per our opinion. Swing trading attempts to identify “swings” within a medium-term trend and enter only when there seems to be a high probability of winning.       Because trades last much longer tha...

Oil prices eased slightly on Tue, 08-052018, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal, a move that could disrupt global oil supply. US Dollar is currency of international trade, so for all practical purpose all buy and sales on international level is defined in terms of USD. Also,  US is the biggest importer of crude  oil. So say when crude price go up, it means US will be shelling out more dollars to buy it, which means more dollars are going out of the country and hence the dollar  will weaken. US is also one of the biggest oil producer – so when oil price will go up, its own oil revenue will also go up – this impact might counter the fall in dollar a little but not significantly because it is a net importer. A hidden string ties together currencies and crude oil, with price actions in one venue forcing a symp...

Forex trading – or foreign exchange trading – is all about buying and selling currencies in pairs. For the buying and selling of currencies, you need to have information about how much the currencies in the pair are worth in terms of the other. This relationship is what defines a  currency pair . A currency pair quotes two currency abbreviations followed by the value of the base currency based on the currency counter. MAJOR BEST CURRENCY PAIR The US dollar is the preferred reference in most currency exchange transactions worldwide. It is the dominant reserve currency of the world. The following are not necessarily the best Forex pairs to trade, as they are the ones that have high liquidity and occupy the most foreign exchange transactions: EUR/USD (Euro – US dollar) USD/JPY (US dollar – Japanese yen) GBP/USD (British pound – US dollar) AUD/USD (Australian dollar – US dollar) USD/CHF (US dollar – Swiss franc) USD/CAD (US dollar – Canadian dollar) The valu...

Non farm payrolls in the US increased by 164 thousand in April of 2018, following an upwardly revised 135 thousand in March and well below market expectations of 192 thousand.  The most important payroll statistic that is analyzed from the report is the  non-farm payroll  data, which represents the total number of paid U.S. workers of any business, excluding general government employees, private  household employees , employees of  nonprofit  organizations that provide assistance to individuals, and farm employees. Non Farm Payrolls Indicator The Non Farm Payrolls indicator measures the net change in the number of people employed within the U.S. economy in jobs other than those which are farming or agriculture related. When the NFP data is rising, it means businesses within the United States are hiring more staff, usually in response to improved economic conditions and increased demand for their products or services either domestically or overseas...

What separates a long-term successful trader/investor from an unsuccessful one?  Here are 5 main differences between Successful and Unsuccessful Traders. Defined Strategies Unsuccessful Trader They have no defined trading strategy. They made a trading decision based on Gut-Feelings. Keep repeating the mistakes due to lack of discipline. Successful Trader They have an trading plan. They have well formulated trading strategy for every market condition. Each time analyse the Signal calls they have implemented. Focusing on the Money Unsuccessful Trader The unsuccessful trader focuses on the money, hoping he will make a certain amount on this or that trade so that he can make X amount of money, or buy his dream car. Successful Trader The successful trader knows that the market couldn’t care less about how much money he needs to make. He knows that focusing on the money may cause him to neglect his entry/exit rules so he focuses on the proce...