Two Easy Ways to Improve Your Chances of Trading Success

Nigel Frith

With markets stirring, rather than breaking out, it’s time to take on as much information as you can. The dramatic market recovery since March 2020 has seen a range of asset groups make substantial gains. However, monthly time-frame prices are now consolidating and potentially building up to their next big move.

Choosing a well-regulated broker from this list of safe online brokers is the first step towards protecting your account. The second step is the development of your skills.

Sign-up to This Course on Developing a Trading Psychology

Boredom trades can be the enemy of traders. A smaller number of high conviction trades being a much better approach. Developing trading psychology is crucial to long-term success, and the below free webinar offered by XTB is worth putting in the diary. The course will build skills, and time spent learning is time away from the temptation of chasing trades that aren’t there.

 

Visit here to register for the free course.

Source: XTB

Tune in to this free webinar on the 24th of March to learn:

  • The common challenges that face traders
  • The importance of developing your approach to trading to maximise your returns
  • Hands-on tips on how to develop the mindset which increases the chances of long-term rewards and overcome the many challenges of trading

Support to Help You Implement Your New Trading Ideas

A common question raised by those new to trading is how to spot trade entry and exit points. A degree of caution here is not a bad thing and ties into the course on trading psychology offered by XTB.

Both new and experienced traders can benefit from trading a Demo account

Getting over the inertia is best achieved by using a Demo account. This list contains the details of brokers that offer free to use Demo accounts traders can use for practice.

Those looking to trade the forex markets might want to set up a Demo account with one of the below brokers (which all support MT4) and tune into the free Webinar provided by FP Markets due to air on March the 10th and 11th.

Tickmill

FXTM

Pepperstone

 

Date Time Subject Language Presenter
March 9 09:00 GMT Introduction to Price Action English Aaron Hill
March 10 09:00 GMT Stochastic Oscillator Strategies English Li Xing
March 11 09:00 GMT Introduction to the Forex News Calendar English Isaac

 

Visit FP Markets for more information on all of these courses.

More info on these courses at FP Markets.

Even experienced traders use Demo accounts to test new trading ideas. FP Markets’ webinars look set to throw up many ideas, so risk-free trading using virtual funds could be the order of the day.

The sessions will include tips on how to spot trade entry points and also point out when they are not high-grade. There will be live analysis with expert traders analysing markets in real-time. As they are interactive, there is also a chance to have your questions answered.

The above might not make you money in the short-term, but they represent a good choice for developing trading skills.

 

If you want to know more about this topic, or have been scammed by a fraudulent broker, please contact us at [email protected]


Nigel Frith

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Safest Forex Brokers 2024

Broker Info Best In Customer Satisfaction Score
#1 73% of retail CFD accounts lose money. Founded: 2014 Global Forex & CFD Broker
Number One Broker
Best Trading Conditions Visit broker
4.9
#2 Blackbull LogoYour capital is at risk Founded: 2014 Global Forex Broker
Number One Broker
BEST SPREADS Visit broker
4.8
#3 AvaTrade LogoYour capital is at risk Founded: 2006 Globally regulated broker
Number One Broker
BEST CUSTOMER SUPPORT Visit broker
4.9
#4 plus500 logo 80 april 2024* 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Founded: 2008 Global CFD Provider
Number One Broker
Best Trading App Visit broker
5
#5 Between 74-89 % of retail investor accounts lose money when trading CFDs Founded: 2010 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
4.9
#6 Forex Broker eToro Logo76% of CFD traders lose money Founded: 2007 Global CFD & FX Broker
Number One Broker
ALL-INCLUSIVE TRADING PLATFORM Visit broker
4.9
#7 XM LogoYour capital is at risk Founded: 2009, 2015 and 2017 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
5
#8 FxPro LogoYour capital is at risk Founded: 2006 CFD and Cryptocurrency Broker
Number One Broker
CFD and Cryptocurrency Visit broker

    Forex Fraud Certified Brokers

    FxPro logo
    XM Logo
    plus500 logo 80 april 2024
    eToro Logo
    BlackBull Logo Small
    AvaTrade logo
    FXTM Logo
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.