Mastering Trading Skills is the Science of Achievement; relative to trading financial markets especially the currency markets alone takes a higher degree of discipline by applying the right approach, the rational analysis behind the decisions made and finally be able to adapt to market conditions at the most important time element upon execution.
It is the ART of Trading that would deliver the fulfillment of success when shared and taught accordingly. As we all know even when a well planned strategy takes the center stage, but when its execution has been poorly implemented, then the law of probability when a poorly executed trade is done it can still result in a negative outcome. That is where the difference takes place. And indeed 'Discipline is the KEY'.
DISCIPLINE is Key to Achieve Trading SUCCESS.
Investors transitioning into traders is another point of discussion. Link: http://www.megatrade101.com/index.php/home/perspective/765-investors-transition-transformation
ReplyDeleteEvery Investor/traders need to know & be aware of trading practices online FX trading price dealing and accuracy of broker/dealers/market-makers and other institutions. This is pat of the discipline for success.
ReplyDeleteA clear example of brokers fined by HK - SFC on order / execution & an asymmetric price slippage online FX dealing with Rakuten Securiites HK - FXCM Asia as of 10.19.2016
http://www.financemagnates.com/institutional-forex/regulation/breaking-fxcm-asia-fined-over-500000-by-hong-kong-watchdog/
FXCM Asia is regulated by HK SFC what more with so called brokers acting as market makers in PH. Regulatory compliance needs to be improved, the same manner traders need to know and not look away from this.
ReplyDeleteKnowing how your price dealing is done either on equities and or Foreign Currency Trading. A MUST read information sharing.
ReplyDeleteAlthough, this is a known fact among more experienced traders. Strategists do have the trading solutions for such practices ONLY when certain strategies can be properly applied. This is what MegaTrade101 emphasizes on for all self-directed investors and traders alike.
http://thefxview.com/2014/01/04/what-is-asymmetric-slippage/