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Day Trading Education

Written by ForexCult Team
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Day Trading Education If you are a trader and you are going to be participating in day trading, you are going to need to make sure that you get a day trading education so that you can be successful at day trading. In case you are unaware of what day trading is, it is the actual entering as well as the exiting of a particular stock as well as options as well as other trading positions that are located within the same trading day. You will find that there are some advantages that are associated with day trading and I would like to tell you a little more about those advantages so that you are aware of what day trading has in store for you in the future. When it comes to day trading the first advantage that you will have is the factor that you have what is known as a zero overnight risk what this means is that based on the fact that the positions are normally closed at the end of the trading day the news as well as the other events that take place during that period of time that are prone to affecting the next trading day are not going to affect your portfolio. The second advantage that you are going to have and that you should take into consideration when you are getting your day trading education is that you will be able to have increased levels of margins as well. All of this information is based on the actual fact that day trading can in turn utilize the larger amounts of margin through a broker handling the trades which take place on the same trading day. The third advantage that you will have is that you are able to make profit with day trading no matter what the direction of the market is. Day trading is able to utilize the short selling so that you are able to take advantage of the stock prices that are declining. When you are trading in a bear market that has had certain conditions, you will actually find that this information is very important. Tips for Getting Your Day Trading Education When you are getting a day trading education, there are a couple of things that you are going to want to keep in mind that can be referred to as tips. The first tip that I am going to give you in relationship to day trading is that you should take the time to plan your trades and also trade your plan. What this actually means is that you should adjust your plan for day trading so that it relates to the way that you want to trade and then at the time that you have established a plan that works well, you will be able to make money on what you know about day trading. The second tip that I am going to add to your day trading education is that you should always make sure that you keep records so that you are able to keep track of the results that you have got from your trades. When you take the time to keep track of your wins as well as your losses you will be able to see the areas that need to be improved so that you are able to become a better trader. Another tip that you should add to your day trading education is that you always to need to have a positive attitude when you are trading, you should do this despite how likely you are to lose as well. I know that this can be hard to do but a positive attitude can actually keep you in the right mood and well motivated so that you are able to in turn do better with trading. So overall you should think about the positive things that happen when you trade and not the things that happen when you lose. If you do lose just use that to help you stay motivated to do better so that you are able to win. Maintaining and Achieving a Day Trading Education There are many ways that you are currently able to get a day trading education, one way that you can get a day trading education is by getting online and enrolling in some courses that are offered on the online websites that are intended for people that are interested in getting a day trading education and that are also serious about it as well.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.