Thursday, Nov 26 2020 | Time 04:14 Hrs(IST)
image
  • Two arrested for kidnapping, raping teenager in Thane
  • MP CM’s surprise visit to hamlet
  • Three stranded children rescued from steep hill in Nashik
  • 3 74 lakh voters to cast their votes in Aurangabad Division Graduate constituency poll next month
  • Covid-19 cases in Nashik rise close to 1 lakh
  • Covid-19: 16 new cases detected in Kolhapur
  • Triple suicide: Thane Police arrest 1, register case of abetment of suicide, Black Magic Act
  • Thousands participate in funeral procession of slain MNS leader
  • China gags Wuhan doctors regarding virus info: Reports
  • Fadanvis bats for Boralkar
Press Releases


Beginners in CFD Trading Should Learn These Tricks To Get Success

 

Oct 29, 2020 (UNI/Media officer): The people aiming to take a plunge in CFD Trading strategies require to know trick of the trade to gain success in it. The beginners should move in this business step-by-step.

Unless the beginners entering into this field for the first time go by the golden rules of the trade, they may suffer losses. Whereas following the simple guides, they can achieve their goal of becoming successful traders in this niche.

Let us have a look at how the beginners can strategize their moves. We will briefly explain these points below:

Risk Management Strategy: This is the primary step. Traders must not take any undue risk as far as their account capital is concerned. In other words, they must follow the risk management strategy enabling them to avoid putting their capital at risk of being washed out or reduced.

You must identify the initial trend move and the consolidation area. After this, make trade entry. One of the golden rules of risk management is that   your committed capital should not exceed 3% of your total account size.

Risk-Reward Ratio: The risk-reward ratio of 1:3 for each trade must be kept into mind and given topmost priority. To simplify this, a beginner should target to make three pips for every one pip you use to ensure you are not running into loss or taking undue risks.

First Timers Must Use Chart Patterns: Those venturing into such trading, should keep in mind that they can minimize their risks by meticulously using the Chart Patterns as the Technical Setup. This can begin by applying the Chart Patterns to by making trade entries and exits in the line of the fundamentals showing dominance within the asset domain. Usually, if price moved in a particular direction in a given time, the possibility is it will follow this trend at the current situation or in future.

Study of Price Structure: Without the study of this, you may not gain success in this domain. The Price Structure tells you the pattern or trend this trade. After analyzing this, you can understand the basic principles of:

a.      Price breakout and

b.      Price breakdown.

Carefully Study Flag Pattern: Analyzing the Flag Pattern is important as it can elucidate the initial trends: the first low, the first high, the higher low and the higher high to finally go into consolidation. This will help the first timers to know how exactly to move to stop loss.   

Though there are several other rules also, these are the basic ones that ensure the first time entrants can avoid losses that may result out of frequent fluctuations in price structure and volatility in market.

More News

Most popular Cricket Events that offer Riveting Action for Cricket Fans

25 Nov 2020 | 7:40 PM

Nov 25, 2020 (UNI/TNM): Cricket fans across the world follow the action of their favorite teams and there are many events that keep them glued to their TV or mobile screens.

see more..

How Much Water Should You Drink Daily?

25 Nov 2020 | 11:42 AM

Mumbai, Nov 25, 2020: Everyone has understood the importance of safe water and sanitization after the emergence of novel coronavirus disease (COVID-19).

see more..

What does Student Travel Insurance offer?

25 Nov 2020 | 7:29 AM

Nov 25,2020: Studying abroad opens up a new horizon of opportunities and prospects for students.

see more..

Galvanized Anirban Lahiri grabs second chance on the PGA Tour

24 Nov 2020 | 8:24 PM

Nov 24, 2020 (UNI/TNM): Anirban Lahiri looked set to lose his PGA Tour card for the second season in a row after once again dropping out of the top 125 in the FedEx Cup standings.

see more..

Dream11: Driving Gaming Diversity to the Masses in India

24 Nov 2020 | 7:30 PM

Nov 24, 2020 (UNI/TNM):Throughout the past decade, India’s gaming scene has gone from strength to strength.

see more..
image