TOOLS TRADES - How To Articles https://www.toolstrades.com/how-to-in-finance Fri, 26 Apr 2024 11:33:36 +0000 en-gb toolstrades.com@gmail.com (ToolsTrades) How to overcome a loss? Top 6 tips. https://www.toolstrades.com/how-to-in-finance/8530-how-to-overcome-a-loss-top-6-tips https://www.toolstrades.com/how-to-in-finance/8530-how-to-overcome-a-loss-top-6-tips lose

 

Trading losses can be very painful. Especially for those who have only just started trading. And of course with losses being inevitable, it is impossible to say when and during which trade you are going to lose with market being very unpredictable. But there is one thing certain here – we need to trade through the losses and we need to overcome them as soon as possible, no matter how big and painful the loss might be.

But, it is not always easy to overcome losses. And in case you are seeking advice on how to pull that, you are in luck! Here are the top things you have to do to overcome a trading loss.

 

1. Accept it.

2. Take a break.

3. Make up a plan.

4. Think about the situation in general.

5. Get back into trading.

6. Look for inspiration.

 

1. Accept it.

Even if the loss was due to your mistake or your inability to see the smallest details that pointed towards a soon-to-come reversal, you have to accept that it has happened and that your actions led you to your current position.

Here you need to understand one simple thing – it happens to everyone and you are not the first one who has failed in a trade. And certainly not the last one either.

Of course it is going to be simpler for you to accept the loss if you have made no mistake and if the markets just went too unpredictable for you to control the situation. But still, a loss is a loss and accepting it might be hard for you to do.

 

2. Take a break.

You need to take a break – trust me. After a loss your head is filled with thoughts of ‘revenge’ to the markets. And I understand you, believe me. But in this state you are never going to make the right decisions and you are never going to be able to reach success. It is better to leave trading for the day and cool down, otherwise you are just facing more of the potential losses in your nearest future.

 

3. Make up a plan.

For your future trades – make up a trading plan. Search through the news and find the couple that is going to grow, according to you and market makers. Make up a plan, use a trading signal now and right before the trade. See, what the numbers are telling you and watch the chart very carefully.

Having a detailed plan for the future is going to make up a system and is going to give you a firm grasp on the situation.

 

4. Think about the situation in general.

Now. I understand that losing is not the most pleasurable process in the world. I see that you are hurt and probably very uncertain about your future. And that is ok. But look at your life in general – you have a job and an intellectual hobby. You are probably a family person. Have a lovely home and a lot to be thankful for.

Think about these things in times of despair and your loss is going to really come into perspective with the entirety of your situation. That is exactly what you need after a big unpleasant loss.

 

5. Get back into trading.

After a while you need to go back to the markets and face them. Do not let one small failure to scare you away from trading altogether. You need to trade once again and see – maybe the dark times or the bear reversal passed and the markets are now going to play in your favor.

Here it is important not to make rush decisions about your future, but give trading a chance after all.

 

6. Look for inspiration.

A lot of people tend to find inspiration and strength in a failure. Try being like them – look for inspiration in a loss. Inspiration for studying better, working harder and trading more frequently. If you are able to teach yourself at least something after a loss, this means that you are going to be just fine, no matter how many losses you endure. Although, the less, the better.

 

 

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anna@timber-marketing.com (Anna K.) HOW TO Wed, 15 Jun 2022 07:25:00 +0000
How not to give into the panic? https://www.toolstrades.com/how-to-in-finance/7077-how-not-to-give-into-the-panic https://www.toolstrades.com/how-to-in-finance/7077-how-not-to-give-into-the-panic

The summer is foregone and we are left wondering – what happened? So many things took place in the course of these 3 months that it is fairly difficult to recap all of them right now. But the main things are probably Trump failing to hear China and subjecting the country to more and more tariffs, Apple, breaching through trillion-dollar market cap mark, OPEC meeting, agreeing to boost oil output numbers and dozens and dozens of other occasions that shook up the markets.

 

150114143550 stock market panic 1024x576Looking back at the turbulent summer we are left wondering whether the rest of the trading year is going to be just the same. And we are also faced with a very important question – how does one not panic in the situation like that? With the river of bad news that is pouring at us through mass media it is hard to stay calm and look at the situation at the markets clearly.

First of all, the panic comes when we hear the words ‘financial crisis’. Memories of financial crisis that took the world by storm in 2008 is still too fresh for us to endure the next one already. But, sadly it is the way markets work. Ups and down are usual pattern for the world’s economy, so it is only natural that after a period of growth a fall will come. We are only left hoping that the fall will not be hard.

Second it is important to remember that focusing on bad news only has never brought good to any of the traders. in our world it is of paramount importance to look for news from all the possible segments of the market from as many markets as possible. Remember, that if dollar fell, it doesn’t mean that there no growth in any other segment of the market. Oil, gold and various other assets are for sure to go up. Just like with any other asset. Taking in as much information as possible from various trusted resources is very important for being a successful trader.

And one of the most important rule in order to not to give into panic is to go out of your comfort zone when it comes to trading. If you usually trade with shares of 2 or 3 companies and with a couple of currencies that just haven’t been performing all that good lately, just turn your attention to other assets. There are dozens of them in the markets and it is quite impossible that all of them are going to perform really bad at the same time.

Just remember, that panic on the market is one of the main reason for the problems of the traders as well as economies of the world countries in general. We wish you smooth trading!

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anna@timber-marketing.com (Anna K.) HOW TO Mon, 03 Sep 2018 12:48:26 +0000
How to choose stocks for trading? https://www.toolstrades.com/how-to-in-finance/7035-how-to-choose-stocks-for-trading https://www.toolstrades.com/how-to-in-finance/7035-how-to-choose-stocks-for-trading Stock trading is one of the most interesting types of trading. In the process one gets to follow their favorite companies, read a lot of news and get finance-savvy. It is also one of the best ways to understand the financial picture in the world as well as learn to predict the movements of the market. On the example of a single company one can learn how different processes influence their stocks and market caps. But there is a process of a choice before a particular stock is selected. And with the present variety in the markets the process of choosing can take a lot of time. So, how does one choose stocks for trading?

First step is to look at liquidity of the stock. Liquid stocks tend to have bid volume. On practice that means that the purchase of big quantity of the stock will not harshly influence the prices of the shares and big sell-offs will not put exchanges in panic. Big volume also means that the process of buying and selling will not be hard. Also, big profits usually come with selling or buying a large number of a certain asset.

Volatility is up for the second look. With trading the key to make money is the movement of the price for a certain financial instrument. It is important to learn the average movements of the stock per day in order to understand what percentage is usually gained or lost by the asset during the day. It is good if the stock averagely moves by 3-4 percent per day. This would be an indicator that there is good movement of the capital going on around the stock.

The amount of people trading with the asset of your choice can also be a very good indicator. People tend to feel better when they are doing the same thing others are doing. A large amount of people behind a certain asset also shows that the fellow traders have a lot of faith in the asset. And if the stock feels support, they tend to go up and bring profit to both, traders and investors. That of course brings us to the point, that is better now to trade with the shares of the companies, which are well-known round the globe. Global name for the company is the indicator that a lot of people would be interested in supporting the shapes on the high level including even, the governments of certain countries (e.g. Norway invested in Tesla).

Of course, these are only the suggestions on how to choose stock for trading. There a lot more professional rules and general guidelines on the process. Of course, there is nothing more sure than to consult with professional traders and brokers on the question. We also want to remind you that losing is an essential part of trading along with winning. It also impossible to be constantly winning in the present situation in the markets. But It doesn’t mean just stop trying – on the contrary, try harder and it is possible to just find the right asset for profitable trades.

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anna@timber-marketing.com (Anna K.) HOW TO Tue, 26 Jun 2018 11:32:52 +0000
How to choose commodities for trading ? https://www.toolstrades.com/how-to-in-finance/7014-how-to-choose-trading-commodities https://www.toolstrades.com/how-to-in-finance/7014-how-to-choose-trading-commodities The question of choice seems to be an eternal question for every trader. Sooner or later even the most favorable trading assets can become boring. That is especially the case when risk hunger awakens in the trader. And then there it is again. The eternal question. How to choose commodities to trade?

Commodities are the raw materials humanity uses to produce products which are necessary for our well-being and overall living comfort.

According to the market research there are about 30 popular commodities. And the situation where an individual knows nothing about at least one commodity seems impossible. We hear about it from the news and look at it in the movies. Oil and Gas would be the most talked about assets. And with world financial balance tied tightly with this asset we all hear at least once a week about the movement of oil price. It is wise to start trading with the commodity that one knows at least something about. No use to start trading copper and/or corn when you know absolutely nothing about the particular asset.

Those who come across different or at least one commodity at their workplace are of course recommended to start or switch to them. This may ensure a little success in the beginning as the tendency of the markets movements and their influence on the price of a certain commodity will be more familiar to the trader. The connection between current profession and trading commodities is easily traced. Those who make and sell jewelry will probably know more about gold and silver prices. Taxi drivers will surely follow gas and oil prices. Lumber price will most likely be known to builders. So there you go – the first step to choosing.

Of course price and stability of the asset will be the core one in the choosing process. That requires more effort. To understand which commodity has more trust of the investors one has to check and monitor futures prices on the chosen asset. The better the index – the more trust is put into a certain place. The more chance is to win. Of course current market movement also has to be accounted for.

Those who have been trading for some time now tend to focus their attention on one or two major points. That is quite logical as trader’s attention stays in the right place like that and doesn’t spread to the various commodities, robbing said trader from possible earnings.

It is very important to understand that commodities are a part of the market and that they tend to change and be under pressure and turbulence as well. There is no guarantee that even the most preferred commodity will be in the green zone all the time, even more that it will certainly not happen. Even the most popular and pricy go down. So it is very important to be careful and enjoy the process of trading remembering that it is impossible to always win.

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anna@timber-marketing.com (Anna K.) HOW TO Mon, 11 Jun 2018 12:36:50 +0000
How to choose a broker? https://www.toolstrades.com/how-to-in-finance/6984-how-to-choose-a-broker https://www.toolstrades.com/how-to-in-finance/6984-how-to-choose-a-broker Choosing an online broker may be just as difficult as choosing an asset for trading. The variety of choices was broad enough before crypto took a scene but now with crypto brokers taking a stand it became even harder to choose a broker. But the choice has to be made at some point. So, how to choose a broker?

A beginner should know that there are two kinds of brokers out there – full-service brokers and discount brokers. Of course, experienced traders would probably prefer full-service brokers as they usually offer more service in broader variety, but all those services come at a cost. Full-service brokers always do all the heavy lifting and basically trader can only come to the platform to collect money as all that trading can be done by the platform’s agents.

Discount service brokers are not nearly as convenient for the usage. Their support service as a rule can be improved. All of their services are also billed and there is no guarantee that all their sessions and advice will pay off with good result. So better to go with regulated online broker as an easier option.

So, the main points to look out in a broker are year of establishment (the longer broker is on the market, the better); regulation – the more agencies regulate a broker, the better it is; spreads –a lot of brokers tend to put spreads information right on the home page so that the traders can decide right away on the spreads, suitable for each asset.

Brokers that can be named reliable are also straightforward about all the fees, withdrawals and margin accounts. All of the abovementioned points are very important and it is worth mentioning that all of the points are strictly individual and there is no universal broker for every trader in the market.

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anna@timber-marketing.com (Anna K.) HOW TO Thu, 26 Apr 2018 13:42:33 +0000
How to choose trading assets? https://www.toolstrades.com/how-to-in-finance/6967-how-to-choose-trading-assets https://www.toolstrades.com/how-to-in-finance/6967-how-to-choose-trading-assets Choosing an asset for the trading day is a difficult decision. There are a lot of options on where to put one’s money and interest at least for the day. There is always a risk to miss good trades and good assets. But the main point is to choose the assets. But how to do that? 

Main information which every trader should know right off the start is that there are four main types of assets that one can trade with: stocks, currency couples, indices and commodities. Usually brokers offer up to 180 assets to chose from. Assets which are generally traded with are currency couples, but it is of no use to the traders to only focus their attention on these assets. Although nothing is wrong with having favorite assets, but it is very simple to forget about other option when focusing on one or two of them.

For those who have already started trading and chose a reliable broker it is recommended to choose the assets from the list offered by the broker. Trades can include additional information about the best time to put the trade and maybe a tip for good signals provider.

For the professionals in the field it is highly recommended to find internet resources that will provide traders with the info about markets (in particular the assets which one is going to trade with) with instant updates on the subjects. Web resources with long history such as Bloomberg and Reuters will give even more information about the situation in the markets.

If one wants to trade stocks, it is important to remember that those are traded at their home markets. So, it is better to trade with the stocks from one’s home market if only not to be tied to inconvenient time zone.

Currencies are traded at the major markets around the world and as a result markets appear open 24 hours a day as it is possible to trade at different exchanges. Time is virtually the most important factor when choosing an asset for trading.

It can also be useful to look at the most popular assets which are traded at the moment one enters a trade. Of course, it is impossible to predict which asset to choose for trading and when to put the trade but a good analytical mind and signals provider will be of enormous help.

 

 

 

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anna@timber-marketing.com (Anna K.) HOW TO Tue, 10 Apr 2018 11:34:02 +0000
How to deal with trading losses? https://www.toolstrades.com/how-to-in-finance/6884-how-to-deal-with-trading-losses https://www.toolstrades.com/how-to-in-finance/6884-how-to-deal-with-trading-losses Unfortunately, trading is very stressful task which requires a lot of nerves and strength to endure. But what is even harder to deal with is when the trade falls through and money is lost. That happens with every trader no matter the experience. And after the loss came there are a lot of frustration and anger that somehow must be dealt with. So, how to deal with loss and set the vision on the positive side?

The first thing is to acknowledge, that trading process is similar to life itself in this regard. Ups and downs are the things which we simply have to deal with. It is very important not to fix one’s attention on the fact of loss. The sooner it is let go, the sooner the trader can go back to the normal process of working with the assets. There are actually several steps of dealing with the losses:

1) Accepting the loss as the part of trading – just the thing that was discussed above.

2) Losing temper is a big no. Of course, when the losses are high, and money are disappearing in the big quantities it is hard to remain calm and quiet. But losing temper will not help one bring back lost assets. Plus, with constant trading nerving so much will cause permanent damage to health.

3) Betting large amounts can bring to huge losses, so it is better to keep the bets and losses small.

And, of course, learning everything about the field will not save from the losses but definitely will not hurt.

Enjoy trading.

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anna@timber-marketing.com (Anna K.) HOW TO Wed, 21 Mar 2018 12:52:42 +0000
How to prepare for home trading https://www.toolstrades.com/how-to-in-finance/6828-how-to-prepare-for-home-trading https://www.toolstrades.com/how-to-in-finance/6828-how-to-prepare-for-home-trading Trading with Forex is not as easy as Hollywood would want us to think. How does an average person think of trading?A lot of well-dressed man in a big room trying to buy and sell stocks? It seems to come easy and natural for them. But only a small amount of people know that trading is one of the most stressful jobs in the world. Most of the traders are retired by the time they are 35.

But in the present time, there is a great possibility to arrange for oneself a good trading atmosphere at home. There are only a few things that the amateur trader must know.

When getting into trading it is very important to remember, that there is no such thing as “I know it all already!”. Being a trader, means always being in the know and never not to learn. 

A lot of people think that you must be some kind of genius to trade. And it is said not to offend anyone but trading really doesn’t require any special knowledge on math or economics. Although, having those knowledge will never hurt those in this business.

trader 2

With trading plans on the horizon there is only one MUST – analytical mind. Being resilient and calm by nature are also very important as well. For every trading session to be successful there is a list of things that can be done every day:

1) Make a time table. Self-developed algorithm must be employed and used – a certain time table for work and leisure;

2) Open several demo accounts. They must be opened with various platforms to study the mechanisms of trading. Demo accounts are perfect for the beginners, especially for those who are only starting to learn new things about market business;

3) Keep learning. Different articles and YouTube channels that can enlighten one on the question on trading.

4) Study psychology and prepare for the active trading.

5) Read news. It is very important to always be in touch, so looking for and finding web resources with news is crucial to the business.

6) Develop the analytic inside.

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anna@timber-marketing.com (Anna K.) HOW TO Wed, 14 Mar 2018 10:20:46 +0000
Problem with PASSWORD RESTORE? https://www.toolstrades.com/how-to-in-finance/5090-problem-with-password-restore https://www.toolstrades.com/how-to-in-finance/5090-problem-with-password-restore Problem with recieving NEW PASSWORD?

The solution is to CLEAR HISTORY in your browser.

Here's how:

 

How to CLEAR HISTORY in GOOGLE CHROME?

 

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How to CLEAR HISTORY in FIREFOX?

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How to CLEAR HISTORY in INTERNET EXPLORER?

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support@toolstrades.com (Steve Woods) HOW TO Thu, 21 Jan 2016 13:29:04 +0000
Strive for a Better Future https://www.toolstrades.com/how-to-in-finance/4944-better-future https://www.toolstrades.com/how-to-in-finance/4944-better-future You are here because you are looking for a better future, and you want it today.

Well, nobody can deliver this promise except maybe lottery, nevertheless in tools trades you do have the opportunity to turn your life around.

Less than 10 years ago, you had to have substantial capital in order to trade on financial market, and you had to understand a lot in trading. Nowadays you have an easy and fast way to make 200$ potentiality in to 800$ in less than a week by trading.

You do not know how to trade? Excellent!

Tools Trades Provide you with the directions on what to trade, like a GPS in your car, the indicators help you arrive at your destination.

 

SIGN UP HERE and you will start building your future





 

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admin@toolstrades.com (Mark Densel) HOW TO Fri, 27 Nov 2015 08:36:55 +0000
How to work from home as a trader? https://www.toolstrades.com/how-to-in-finance/4293-how-to-work-from-home-using-trading https://www.toolstrades.com/how-to-in-finance/4293-how-to-work-from-home-using-trading WELCOME, In 2017, regular jobs places are limited, most of the income comes from online businesses.

Trading online is similar of having your own small business, it involves smart decision making such as: when to act and how much to invest?

In a normal business, the main investment is paying for:

Computers/supplies

Real-estate (Office)

Employees

And Advertisement

So before you even bring your first customer you already spent thousands of dollars.

It usually takes up to 5 years to cover the loan that you took in order to have your own business and maybe then you start making some profit…

The statistics say that 9 out of 10 businesses fail as most people lose their initial investment.

It’s a very scary situation to be in, having a loan and trying to find different ways to pay the bank.

 

Nowadays you have a solution, if you are eager to work from home and start your own business you don’t need huge amounts of money and you don't need a huge risk.

You can start you journey with just $200 investment.

Trading works the same way as having your own business, there is a small and quick learning process and after it you are on your way.

There are many traders who started with $200 and more than double their investment in the first month, and that’s an amazing thing! they made even more in the following month as the profits grew further.

So, if you eager to make your own business and work from home this is the first step.

Have no idea how to start?

That is where we come into place.

 

FIRST AND MOST IMPORTANT THING!

Our service does not cost anything = we do not charge you.

Like many websites, we make our living from advertisement and from the trading itself.

What is ToolsTrades? we provide you indicators that tells you on what to trade and when.

Having an advisor is always good, most of the business and traders that have an advisor increase their revenue by 50% at least in the first year.

What you need to do now is to sign up and get ready to invest $200 to start your own business.

 

Talk to us on the chat for more details.

 

 

 

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admin@toolstrades.com (Mark Densel) HOW TO Sun, 16 Aug 2015 08:44:47 +0000
The 3 Golden rules for smart trading https://www.toolstrades.com/how-to-in-finance/3512-the-3-golden-rules-for-smart-trading https://www.toolstrades.com/how-to-in-finance/3512-the-3-golden-rules-for-smart-trading Three things you should do when trading with indictors:

*FIRST RULE

You have up to 40 minutes to use the indicators. For example, if the trades were published at 11:00, you have until 11:40 to use them. If you wait longer then that – the indictors will no longer be effective for you.

 

*SECONDE RULE

Cherry pick the trades to get best results while risking the minimum possible.

For example: if the strike rate we sent was 123.123 – use it only if it’s in a 10 pips gap from the original rate. If the price has changed too much, the indictor is can be less efficient.

 

*LAST BUT NOT LEAST

The expiry date that we give comes first if you don’t have that option.

you can go backwards an hour but not a single minute forwards.

Example: if the expiry we give is 20:00 you can take it from 19:00 to 20:00.

 

Enjoy your trading session :)

 

 

 

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a_jakins@toolstrades.com (Alexander Jakins) HOW TO Tue, 21 Apr 2015 15:52:16 +0000