Thousands of Dollars Lost Each Day In Trading

Thousands of Dollars Lost Each Day In Trading

Submitted by adil on Wed, 01/16/2013 - 08:01

Most of the people start trading with high expectations in their mind but they end up losing thousands of dollars and this is mostly due to their own mistakes. 80% of the traders lack trading knowledge and the worst thing is that they do not even take the services of brokers, which is yet another mistake.

Losing Money trading is like throwing money out the window

It is very difficult for a trader to survive in such a competitive market without taking assistance from brokers. Traders usually rely on guesses and fake signals for taking their investment decisions. Investment based on fake information results in severe losses, which are hard to overcome.

Some traders fully rely on market alerts for buying and selling commodities or shares, which is not wise enough as market alerts are not always reliable.

Some markets are highly volatile in nature, which creates more problems for traders. When traders reach to any decision then market trend suddenly changes causing loss.

Some other traders fully depend on their luck, which is yet another mistake. They accept loss thinking that it was their bad luck. However, luck plays an important role in our success but this does not mean that we stop doing any effort to avoid loss.

If you have also come across such a loss then you are not alone, as thousands of other traders have already lost all their savings in trade due to their own little mistakes.

Now is the time to learn lessons from these mistakes. Instead of losing hope, you must try for one other time but this time you have to follow my advice. Following are top 10 things that you need to consider while trading.

1. Follow an appropriate strategy
2. Check your portfolio on daily basis
3. Keep in touch with latest news
4. Try to know the price trends
5. Devote your full time to trading
6. Never take any decision based on emotions
7. Use stop orders to limit your loss
8. Avoid taking high risks
9. Keep record of your trading decisions and their results
10. Never take decision when you are unsure about its results.

Apart from following the above-mentioned tips, you must also hire brokers and consult trading forums for getting trading alerts on regular basis. However, there are thousands of trading platforms but you cannot trust most of them so I personally suggest intellitraders.com

Intellitraders not only provides authentic information about trading market but also provides free education to its members. Not only this, it offers free bonus to start trading. You meet some of the best brokers on this great platform. So when are you getting the membership of this wonderful platform? After all it is about your own benefit.