I've spent a lot of time researching about trading Robots and Signals. My conclusions are kinda simple.
Robots: all Robots providers demo very good profit margins (5-15%/month). So here are the possibilities: a) all of them are a scam; b) they are not a scam but they perform way lower compared with the demos; c) they perform as advertised (and in this case I'm wondering why anybody is not using them). What's the "truth" in this case?
Signals (including copy-trading): there are two types. Ones that demo very good profit margins (5-15%/month) and ones that demo very small profit margins (0.3-1%/month). For ones that demo very good profits I'm wondering the same thing: why don't more people use them? For ones that demo very small profits, why would anybody block $100k and have $500 "profit" în a month, when you can just invest in a real business, or hire a professional trader, and have a bigger profit?
I'm trying to learn how to value stocks. RIght now, I'm curious as to why Pandora is so cheap, and is lower than it's entry price into the market. I remember it being all the rage a few years ago. All of my friends and I were using the platform for music.
Hi everyone. I am selling some books that prepare you for getting the CFT Certificate.
It's from a course that basically summarizes all the books you have to read to get the certificate. If you want to know where i got them just look "finnancer trading CFTe" on Google and It´s like the second/third link. The books are in Spanish btw.
Most traders discount the need to focus on the psychological aspects of trading. This dismissive attitude stems from an underestimating of the difficulty involved in trading consistently. Apart from money management, the mental aspect plays the most critical part in trading success or failure. In other competitive fields such as tennis, hockey, and football, top athletes use visualization as the key to being prepared in advance of a practice or game.What I believe is a problem in many visualization techniques is the emphasis on developing detail during visualization exercises. Although this may be part of a method in developing useful visualization, I believe there is a more important aspect to visualization.
The Need for Visualization in Trading
Forex and visualization go hand in hand in the sense that forex trading leads to losses that result in the sense of failure. By practicing imagery, you can change this feeling of loss to one of optimism by bringing to mind the experience of successful trades and trading techniques. This practice can reinvigorate you and create a new sense of purpose and drive.Without a means of interrupting a foreboding sense of doom and gloom, you risk a repeating cycle: failure, which leads to negative feelings, which leads to continued failure, etc. This cycle can form an ingrained habit that’s hard to break without the introduction of a new successful experience.Positive experiences have a profound effect on incentive, and these experiences can be developed just as much as they can be experienced in real time. If a positive experience is ingrained in the trader, he will more likely stick to his plan and system in order to wait out a certain losing period in favor of a winning streak.In short, he will more likely succeed in reaching his goal. A positive experience and expectation will also open the trader up to new ideas and learning experiences. And the more one learns in this business, again, the more chance of success.You should include in your imagery all the steps that you need to execute a high probability trade. You should also include the steps involved in researching a trade in the first place. These are the positive steps to be taken. However, what is neglected in many cases is the consideration of trades gone wrong. You should also include visualization of trades not working out plus the actions you’ll take to respond to these situations.This visualization could consist of further study, not reacting to FOMO, taking only high probability trades, waiting patiently for high probability trades, not acting impulsively to news or information. All this can be exercised in your visualization process.
There is evidence that process orientated visualization works, but outcome-oriented visualization does not. What does this mean? Some studies have suggested that even acknowledging your obstacles to obtaining a goal is more effective in you reaching them than fantasizing over a final achievement. The truth is believing you have attained a goal includes process, overcoming obstacles and a final outcome because this is what you experience in real life.If you neglect the visualizing about the process, and problems involved, and overcoming those obstacles, then you will never experience the certainty that a goal has already been achieved. It is this full sense of confidence in past achievement that is most important.Believing that you have completed a goal means that you have confidence that you have gone through all the steps and problems associated with a goal and were able to execute them successfully. Have, past tense. You believe that you have already lived through it. It's a done deal. Visualization helps you "live" through these steps. Proper visualization can also be a reality check. By including possible negative obstacles in the forex and visualization process, you challenge yourself to consider the real possibility of failure. This consideration could lead to alternative decision-making. By finding alternatives we mean that could you imagine other methods of trading that could compliment your present style and result in more robust results.You should visualize that which is attainable to give you as much a sense of certainty as possible. One cannot gain an insight into an already achieved skill, such as trading unless one considers what mistakes could be made and how to respond constructively to them.The outcome of being a successful trader can also be included in visualization exercises but not in a euphoric sense. Focus on attaining a sense of already being a successful trader. Picture the steps you would be doing as a successful trader, the people with whom you would be associating, the environment you would be trading in and tools you would be using as a succesful trader.
Evidence that Visualization Works
The visualization process I'm advocating is implemented under a similar form in the academic world. It combines both mental contrasting and implementation intentions and is referred to as WOOP. Although not identical to the process highlighted above, it does contain some key features which lead to a sense of certainty that one has achieved a particular result.WOOP, or wish, outcome, obstacle, plan, has been shown to:
increase the attendance and course grades of disadvantaged school children. — Duckworth, Kirby, A. Gollwitzer, & Oettingen
improve the homework of children at risk for ADHD. — Gawrilow, Morgenroth, Schultz, Oettingen, & Gollwitzer
increase high school students’ efforts to prepare for standardized tests by 60%. — Duckworth, Grant, Loew, Oettingen, & Gollwitzer
help study participants double the amount of regular physical exercise they performed over a four-month period and helped study participants increase fruit and vegetable intake by 30% over a two-year period. — Stadler, Oettingen, & Gollwitzer, 2009, 2010
Forex and Visualization the Right Way
Not all forms of visualization work, as is demonstrated in studies that suggest merely fantasizing about an outcome leads to less action, not more. Less action leads to a lesser likelihood of attaining a goal. You need to include all the means that lead to a final sense that you are already an accomplished trader.Finally, although this may seem unrelated, you need to be grateful for attaining your excellent trading skills. The act of gratitude reinforces the sense of certainty that the goal is already accomplished. It also instills a sense of humility which leads to a more flexible and adaptable attitude towards improvement in the future.
Any answers would be greatly appreciated. I also want to note that I have no interest in buying any call options for quiet some time, as my research has only just begun.
When selling a call option that is say in the money, i.e. Im making a profit from the increase of the option premium, do I simply input what I put in to buy the call option with the change of pressing 'sell to close'? (And obviously changing the price limit.)
Is it wreckless/unusual/unsafe in any way to buy a call option that if I were to theoretically exercise I could never afford. Obviously I wouldn’t exercise the option.
Following on from 2, if I never intend to exercise the option would it be wise for me to buy the cheaper European options?
If I buy a call option that is in the money on expiry and before said expiry I dont sell to close the option or exercise the option, what happens?
Whats a typical percentage increase (if it exists) of a call option that is well in the money close to expiry?
Are $35 options brokerage fees too high? Any other platforms you recommend for an Australian trader? (I currently use commsec.)
I'm currently using Trading 212 on a practice account which is working fine. I've heard good things about plus 500 and I'm wanting to put real money into it now. What app would you recommend on using in terms of commission and ease ?