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Alternatively, you can practice your strategies completely risk-free with a CedarFX demo account. These account types are exactly the same as a standard trading account except the funds are only dummy and not real. Thus, you are not risking anything while testing out your strategies.
If you are looking to sign up with a reputable broker, CedarFX offers exceptional CFD trading conditions. Once you have registered your live trading account, you can research basic trading strategies and practice on an unlimited amount of free Demo accounts. This is how you will slowly build your ideal portfolio and begin earning profits.
Treating it as a hobby usually results in disappointment and staggered learning.
Treating your trading as a business that can incur taxes, losses, expenses, stress and a degree of risk, will greatly benefit your profit margin and ability to improve and grow your wealth. Here, experience will be your best friend, so don’t be shy and get as much of it as you can!
Leverage trading can offer an alternative when you do not have excessive capital to invest. Leverage gives traders greater exposure to the market at a fraction of the cost. This strategy is not suited to everyone, make sure to research it before investing.
They are designed specifically to assist professional traders in executing their goals efficiently and safely. Particularly, the ‘Stop-Loss’ tool which protects client accounts from unexpected liquidation when markets turn.
At CedarFX, you are able to take full advantage of tools such as ‘Stop-Loss’ and ‘Take-Profit’. The broker also operates margin protection measures whereby they provide a margin call at 100% and a stop-out at 70%, resulting in the broker closing your most vulnerable trades in order to protect your account from falling into negative balances.
Not only does CedarFX offer impressive leverage of up to 1:500 on multiple asset classes such as forex, stocks, cryptocurrencies, commodities and metals, they also provide rapid deposit and withdrawal processes, 0% commission accounts and 24/7 expert customer support via call, live chat or email.
Make the most of your capital and earn with little expense. The 0% commission account does exactly as described, charges 0% commission; allowing traders the use of their entire deposit to execute trades. This broker has no hidden fees and ultra-low spreads.
Get started with as little as $10.00, open an account with CedarFX today.
Five Rules for Successful Trading
The golden guidelines every aspiring trader should follow
While every trader will develop strategies based on their personal preferences, these golden rules for successful trading can help anyone. Whether you are just getting started or you’re a seasoned professional, the five tips below will assist you in achieving your goals.
The Golden Rules of Trading:
1. Develop a Strategy and Stick to It:
Sometimes it can be very tempting to enter a trade spontaneously however, even if this trade is profitable, it is considered a poor strategy. Always have a pre-outlined trading plan and do not stray from it as best you can. Calculate your entry and exit points beforehand and make sure you have identified your money management criteria prior to investing your capital.Alternatively, you can practice your strategies completely risk-free with a CedarFX demo account. These account types are exactly the same as a standard trading account except the funds are only dummy and not real. Thus, you are not risking anything while testing out your strategies.
If you are looking to sign up with a reputable broker, CedarFX offers exceptional CFD trading conditions. Once you have registered your live trading account, you can research basic trading strategies and practice on an unlimited amount of free Demo accounts. This is how you will slowly build your ideal portfolio and begin earning profits.
2. Trading is a Business, not a Hobby:
It is important that you dedicate an appropriate amount of time and effort into your trading.Treating it as a hobby usually results in disappointment and staggered learning.
Treating your trading as a business that can incur taxes, losses, expenses, stress and a degree of risk, will greatly benefit your profit margin and ability to improve and grow your wealth. Here, experience will be your best friend, so don’t be shy and get as much of it as you can!
3. Don’t Risk Money You Can’t Afford to Lose:
This is a basic and very crucial rule. While it may seem obvious, traders can sometimes be tempted to risk more than they can afford. Don’t let your trading become gambling. Make sure to calculate your margins beforehand and never put-up capital that you can’t afford to live without.Leverage trading can offer an alternative when you do not have excessive capital to invest. Leverage gives traders greater exposure to the market at a fraction of the cost. This strategy is not suited to everyone, make sure to research it before investing.
4. Become a Life-long Student of the Markets:
The innate nature of trading means factors and circumstances are constantly changing. It is important you stay up-to-date with market developments, economic activities and innovative technologies. All these elements can greatly impact the future of your trades, don’t get caught off-guard and take unnecessary losses because you weren’t willing to keep learning.5. Always Use the Tools Available to You:
Every online broker will offer variations on these available tools however, most tend to be the same. Trading tools such as ‘Take-Profit’ and ‘Stop-Loss’ can play a vital role in your risk management and profit margins.They are designed specifically to assist professional traders in executing their goals efficiently and safely. Particularly, the ‘Stop-Loss’ tool which protects client accounts from unexpected liquidation when markets turn.
At CedarFX, you are able to take full advantage of tools such as ‘Stop-Loss’ and ‘Take-Profit’. The broker also operates margin protection measures whereby they provide a margin call at 100% and a stop-out at 70%, resulting in the broker closing your most vulnerable trades in order to protect your account from falling into negative balances.
The Best CFD Broker to Trade With?
When it comes to choosing the right broker for you, we recommend CedarFX, the World's first green broker.Not only does CedarFX offer impressive leverage of up to 1:500 on multiple asset classes such as forex, stocks, cryptocurrencies, commodities and metals, they also provide rapid deposit and withdrawal processes, 0% commission accounts and 24/7 expert customer support via call, live chat or email.
0% Commission Account?
When inflation hits, saving money isn’t always very easy and every opportunity should be taken.Make the most of your capital and earn with little expense. The 0% commission account does exactly as described, charges 0% commission; allowing traders the use of their entire deposit to execute trades. This broker has no hidden fees and ultra-low spreads.
Get started with as little as $10.00, open an account with CedarFX today.
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