• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

DayTradeFEED.com

Your One Stop for all things day trading!

  • Home
  • About DayTradeFEED.com
  • What is Day Trading?
    • Intro & Terminology
    • Should I Day Trade?
    • Pros and Cons
  • Trading Tools
    • Day Trading Books
    • Helpful Links
    • Market Info
    • Video & Audio
  • Cryptocurrency
    • Getting Started
    • Types of Cryptocurrency
    • Cryptocurrency History
    • Buying & Selling
  • Contact Us

trading forex

Watch for these Forex Day Trading Mistakes

July 23, 2019 by Kara Jones

Daytradefeed.com has put together 5 Forex Day Trading mistakes to watch for

Day Trading can be a very profitable business, but devastating losses are common if you don’t know what you are doing.

At Daytradefeed.com, we want you to make money day trading–not loose money. Watching for these 3 forex day trading mistakes will help you achieve success.


Averaging Down

Averaging down isn’t the ideal technique for day trading.

Lots of traders end up using the averaging down technique. Averaging down is not the ideal technique, but it can be easy to slip into.

The biggest issue is that when averaging down you are holding a losing position. This means you are possibly sacrificing time and money. Day Trading is such an ever moving process, that your money could be planted in a much better situation.

Another issue with Averaging down is that to you have to get a higher percentage on return to make up for any capital lost from the initial loss. For example, if you lose of our capital, you will have to get a return of 100% to break even. Maintaining these standards in unreasonable in the long run.

Averaging down will eventually end in a inevitably lead to a large loss. Market trends can remain in place longer than you can stay liquid. It is not worth taking the risk of Averaging Down.


Positioning Trades Too Early

Day Traders have to pay close attention to the news surrounding the market. Traders will become very familiar with what news will cause the market to move. It is impossible to know in advance however, exactly which direction the market will move.

 Volatility is a key factor for day traders, but which way will the market move? It is not wise to jump to conclusion before news is announced. It is not worth the risk.


After the News Hits 

News can hit the markets at any time. It seems like easy money to react and take advantage, but you must have a strategy! If not, results can be every bit as devastating as they would be if you traded before the breaking news.

Day Trading should take place after a trend has been defined. Being patient will lower your risk and increase your likelyhood of effective trading.


Risking too Much

More Than 1% of Capital on Forex Trades 

Big risk doesn’t always mean big return. Most traders who take big risks eventually lose big. It is a common rule that traders should only risk 1% of capitol for a single trade.

Limiting the risk percentage will help keep your portfolio on track. Sticking to the 1% rule will ensure that no single trade will break the purpose of this method is to make sure no single trade will break the budget.


Avoid being Unrealistic

It is good to work hard and set goals, however being unrealistic can lead to forex day trading mistakes. The unrealistic expectations we set for ourselves can be projected on the market. The best technique is to watch the market and see it for what it is.

The best way to see the market for what it is is to create a trading plan. Research trading plans and testing them is the best method for day trading success.


DayTradeFeed’s Method

If you are beginning to Day Trade, or if your current method is not yielding success, try us out. We’re here to help

Filed Under: Featured Story, Forex Tagged With: day trade feed, Day Trade My Money, day trading, day trading forex, daytradefeed.com, forex, forex factors, forex market, forex trading, trading forex

Day Trading: Is It Right For You and Me? DayTradeFEED.com Investigates

March 19, 2019 by Kara Jones

Is Day Trading Right for Me?

We live in an age where everyone is looking to make a little extra cash on the side. It’s no wonder why so many are asking, “Is Day Trading is right for me?”

It is true that unexperienced day traders can make expensive mistakes very quickly. For many, however, day trading is a great way to add some cushion to your income.


What is Day Trading?

To know if day trading is right for you, let’s first discuss what day trading is.

Day trading involves buying and selling stocks in a short period of time. Usually about a day.

When day trading, you are not expecting to make large sums of money with each trade. Instead, with each trade the goal is to make small profits.

The goal is that these small individual profits over time will add up to larger sums.


How Does Day Trading Work?

Successful day traders treat it like a full-time job, not merely hasty trading done between business meetings or at lunch.

Practice, practice practice. Those who make consistent money from Day Trading are devoting a lot of time to their work.  They rely heavily on the ever-changing stock market to earn profits.

It is better for Day Traders if the market moves up and down throughout the day regardless of which way it is moving.

When Day Trading, you will be looking for short-sell options to profit off of a falling stock or buying stocks that are trending upwards. Day traders are always looking for something to move around to make a profit.


So, Is Day Trading Right for Me?

In conclusion, only you can decide if Day Trading is Right for You.

Do you have the time to commit to it? Do you have the drive to practice and develop strategies?

A strong suggestion if interested, is opening a practice account before officially day trading. (contact us for more information on this)

This will allow you see what day trading would be like and observe potential results without a huge risk.

 

Filed Under: Forex Tagged With: day trade feed, Day Trade My Money, day trading, forex, forex market, how to day trade, is day trading right for me?, make money day trading, make money from home, should i day trade, trade daile, trade daily, trade from home, trading forex

Primary Sidebar

Recent Posts

  • VGL Assessment – Precisely What Do We Know About It?
  • Recipe for Romance: The Quintessential Intimate Restaurants in NYC
  • How can I Get men to Make?
  • Term Papers Writing Services
  • Cherry Blossoms â „¢ Se ha convertido Facilitar Interacciones transculturales durante más de 40 años
  • Acquiring Linked from inside the Digital Era
  • Am nützlichsten Matchmaking Programme für Starten

Learn more!

About Day Trade FEED

This Year’s Archive

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • August 2021
  • July 2021
  • April 2021
  • February 2021
  • October 2020
  • April 2020
  • December 2019
  • July 2019
  • May 2019
  • April 2019
  • March 2019
  • January 2019
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018

Categories

  • blog
  • Cryptocurrency
  • Dating Online
  • Day Trading Programs
  • Day Trading Results
  • DayTradeFEED Investigates
  • Education
  • Featured Story
  • Forex
  • Futures
  • Kevin Jones Day Trading
  • Kevin Jones Indicators
  • Kevin Jones Trading
  • Terminology
  • Uncategorized

We Are a Day Trading Blog

bear markets bull markets crude oil futures day trade day trade bitcoin day trade feed daytradefeed.com day trade forex day trade from home day trade futures Day Trade My Money day trading day trading forex day trading futures day trading indicators day trading scam day trading system day trading terminology DemoDayTrading.com donald trump EUR eur/usd Euro feed forex forex factors forex market forex trading futures Kevin Jones kevin jones day trade kevin jones day trading kevin jones forex kevin jones trading learn to day trade make money day trading Matthew Poll Matthew Poll Day Trading Matthew Poll Scam Matt Poll matt poll day trading Matt Poll Scam matt poll trading stock market usd

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in