Here is the fifth part of our 7 part series titled "The 7 Deadly Financial Spread Betting Mistakes". Today we will discuss the fifth of the 7 financial spread betting mistakes that financial traders make:
Read more on 7 Deadly Financial Spread Betting Mistakes – Part 5…
Read More...Phil Seaton’s 7 Rules of Successful Financial Spread Betting
Here is part 6 of my rules of successful financial spread betting
6. Ignore the news & fundamentals
Fundamental analysis is for the most part useless and very few traders can make money using this approach. Even if you could it would take you an inordinate amount of time studying reports, balance sheets, crop reports etc. This is not the way to trade. The same goes for following the news because usually the market has already discounted the news in the price. Many times you will hear very bullish news on a stock and then see it fall over the coming days.
It is also difficult to know what reports/news are actually true, and even if you know what is true how can you be sure that your interpretation of the news is correct? What about timing? Even if you have good reliable knowledge and a true interpretation of the news, how do you know when to act on it?
Read more on Financial Spread Betting Rules – Ignore The News & Fundamentals…
Read More...Phil Seaton’s 7 Rules of Successful Financial Spread Betting
Here is part 5 of my rules of successful financial spread betting
5. Always follow the trading system
If you want to be successful when trading the markets you must first have a trading system that works and you must have the discipline to always follow that system, come what may.
Read more on Financial Spread Betting Rules – Always Follow The Trading System…
Read More...Phil Seaton’s 7 Rules of Successful Financial Spread Betting
Here is part 4 of my rules of successful financial spread betting
4. Money management.
Money management is the continuation of the 2 previous rules. This rule regulates how much you are prepared to risk per trade when you open a trade. This means you know exactly how much you stand to lose should the worst happen and the trade go against you (although in some rare instances a market may gap through your stop forcing you to take a larger loss than you had planned for. Fortunately this does not happen very often, especially if you stick to trading highly liquid markets as I recommend.)
Read more on Financial Spread Betting Rules – Money Management…
Read More...Phil Seaton’s 7 Rules of Successful Financial Spread Betting
Here is part 3 of my rules of successful financial spread betting
3. Cut losses
This is where most traders and trading systems fall down. You must cut your losses. You must never move your stop loss back when the price is approaching your stop loss to keep you in a trade in the hope that the price will turn around. Occasionally this may happen but over time you will lose more money. In some instances this style of trading will usually lead to you taking such a large loss that you cannot recover from it.
Read more on Financial Spread Betting Rules – Cut Your Losses…
Read More...Phil Seaton’s 7 Rules of Successful Financial Spread Betting
Here is part 2 of my rules of successful financial spread betting
2. Let Winners Run
When trading the markets, we never exit a trade at the top because there is no way of knowing where the top is in advance. You can only ever tell where the top was in a market after the event. Many times a trade will get so high and you will think it cannot go any higher only for it to continue on and on and on. Sometimes markets go on such long trends that it defies reason. A trend can go on for months or even years.
Read more on Financial Spread Betting Rules – Let Winning Trades Run…
Read More...Phil Seaton’s 7 Rules of Successful Financial Spread Betting
Over the next few weeks I will publish my 7 rules for successful financial spread betting. These trading rules are timeless and will always be valid in the markets, regardless of market conditions or the state of the economy. One of the great advantages of trend following is that you can make money in an up or a down market, either by buying long or going short.
Read more on Phil Seaton’s 7 Rules of Successful Financial Spread Betting…
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Phil Seaton’s Financial Spread Betting Systems
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