Tuesday, 15 October 2019

How To Enjoy Consistent Profits As A Forex Trader?

Making profits in the Forex trading markets is incredibly challenging, and making profits on a regular basis, more so! Every trader wants to see regular profits and dodge big losses; however, the foreign exchange markets aren't so kind. Due to their direct linkage with a country's economy, even the slightest of fluctuations leave traders bearing witness to massive levels of volatility. 

Amidst all the chaos, to emerge victorious through trades is truly a herculean feat. Forex trading might leave you intimidated, but to make consistent profits is not rocket-science; with discipline, adept strategizing and regular research, you will be able to pocket profitable trends and mint a good buck routinely! 

Here are 4 simple tips you can follow to make regular profits:

1) Look Beyond Just Money: 

Money might be the primary objective, but there's a lot to Forex trading beyond profits. How you channel your desire to profit is what makes all the difference. While novices often completely direct their thoughts towards making money, experienced traders look to have a healthy win-lose ratio, and in doing so are ensuring that they profit more than they lose. 

2) Not Trading Is Wiser: 

If you think that trading continuously is what makes one successful, you're wrong. There are several trades that you shouldn't be taking! Most traders, in the heat of the moment, let their emotions take control and make trades haphazardly. These unplanned exchanges are severely detrimental to your Forex trading career. What professionals suggest is that traders spend more time analyzing markets than taking trades unsurely. 

3) Stick To Your Plan: 

Drafting sharp Forex Trading Strategies is important, because these strategies guide you. They show you a way and give you a goal to work towards. But what's more important than strategizing itself is to actually stick to the strategies drafted! Changing plans midway will only brew more chaos. 

4) Analyze And Correct Yourself: 

Making mistakes is natural, there's no shame in it. As a beginner, you will come across several trades that leave you dumbfounded. What's important is that you correct yourself whenever you're wrong and analyze your mistakes. 

The road to the top is riddled with hurdles, but your efforts when channeled right will undoubtedly pay off. Join hands with WesternFX, one of the leading Forex Brokers in Thailand, and give your Forex trading career the much-needed boost! We will equip you with game-winning Forex trading strategies and stellar trading platforms. With us by your side, profits are guaranteed. Call us now to get started!              

Tuesday, 27 August 2019

5 Aspects Of Forex Trading You Should Master In 2019

Forex trading is one of the most profitable trading markets, but also the riskiest. The same trade that has a potential of rewarding you with thousands in profits, can turn awry in an instant and take a turn towards staggering losses. 

This risky nature of Forex trading is what sets the bar tremendously high and instills fear in the hearts of many novices. While indeed risky beyond comparison, ample research can put you ahead of market risks and within an arm's reach from profits!  

Forex brokers in Thailand
Here are 5 things about Forex trading you should keep in mind to see recurring success: 

1) Research Is Vital: 

To thrive as a Forex trader, you will have to be filled to the brim with knowledge. And knowledge comes best through consistent research. In a field like foreign exchange where there are new trends emerging every other day, staying abreast of all developments is crucial.  

2) Risks Have To Be Taken: 

Try as you may, succeeding in Forex Trading is impossible without risking. Playing it safe doesn't get you a long way. There's only so much that be done with precautions! Some trades demand that you trade instinctively and let the profits increment. Place proper stop orders, study the market trends and prepare to take the leap. 

3) Always Have A Trading Plan: 

Forex trading strategies are without doubt an essential requirement, but a random strategy won't do the job. Only when the strategy implemented fits the current market state will you be able to see profits through it. Long-term trades require long-term strategies, and shorter ones require smaller approaches - and deciding which is which is up to you! 

4) Bad Trades Happen To Everyone: 

No great trader has reached the top without first losing. When people reference giants like Warren Buffett, they always talk about his winnings, but not how even he once made mistakes that have today paved the way to the top. Bad trades will happen, cut your losses and move on.

5) Maintaining A Trade Diary Helps: 

Keep a Forex trading journal and write down the happenings of each day. This will help you reanalyze your trades every time they go wrong, see where things went wrong and correct them! 

Join hands with one of the top Forex brokers, WesternFX, and get yourself the best Forex trading career! We house experts who will guide you through each step, ensuring you're always closing in on success. From proven Forex Trading Strategies to top-notch trading platforms, we have everything necessary for your victory. Call us today to get started!

Tuesday, 6 August 2019

5 Things Every Forex Trader Should Avoid To See Success

Getting rich is everybody's ambition, and in the domain of Forex trading, every aspiring trader wants quick profits. A domain that's as risky as it is lucrative; currency trading is a financial market with trillions of dollars floating around! This humongous value attracts a number of traders regularly, but of the thousands that try their hand at Forex trading, only a few see profits. To succeed as a Forex trader requires a certain level of discipline, something novices often lack.

Forex Trading Strategies in Thailand
Here are 5 Forex trading tips to see consistent success: 

1) Stay Disciplined: 

One of the subtler truths about Forex trading is that success comes to the disciplined. Many currency traders cross the line and give into overtrading. Initially, taking big risks and trading rashly might seem adventurous, but you'll only be one bad trade away from monumental losses! To see regular success, staying controlled and disciplined is a must.

2) Plan Ahead Of Your Trades: 

Improvising your trades might be a form of reactive brilliance, but planning ahead of time is the smarter thing to do. Be it drafting Forex Trading Strategies In Thailand or devising risk management approaches; allot time prior to trading so during the exchange you are well-braced. Many traders are impromptu with their approach and ultimately end up being unprepared during the trade. 

3) Keep Your Expectations Grounded: 

While Forex trading, you will only go as far as your goals are set. This means that your expectations from trades should be real. Having unrealistic desires will lead you astray, away from achievable goals. And you will end up investing time and energy on trades that won't bring in good results.

4) Don't Take Chances In Real-Time Trades: 

On a Forex demo account, you can tinker around and take as many chances as you want. But a live trade is a bad place to experiment. From testing Forex trading strategies to practicing trades, demo accounts are perfect for it, but a live trade should be approached preparedly.  

5) Taking Unnecessary Risks: 

The notion that big risks yield big reward may be true, but taking unnecessary risks won't bring you profits. Risks have to be taken with precaution and due calculation. 

Learn how to make the most out of each trade and see consistent results - reach out to WesternFX today! One of the leading Forex Brokers in the game, we will equip you with Forex trading strategies guaranteed to reel in profits. Assisted by our seasoned traders, victory will be yours. Reach out to us today to get started!

Monday, 5 August 2019

4 Steps To Deal With Forex Trading Success

Seeing profitable trades as a Forex trader will undoubtedly be a happy sight, something worthy of celebration. However, there are occasions where even success becomes intimidating! This is because success builds pressure and leaves you with higher expectations. When you see steady profits and are suddenly faced with losses, accepting failure is hard. 

Similarly, you will seldom find yourself satisfied by the current level of success, there will always be an extra mile for you to cover. Several Forex traders pass on profitable trading opportunities simply out of the anxiety that they might go wrong! 

Forex Trading
Success has ample potential to become a burden on you. Here are 4 steps to ensure that you are ready for it: 

1) Prioritize Plans Not Profits: 

Chasing profits will only get you half the way to your goal, because at the end of the day, it is your approach that matters most. If you have a good few Forex Trading strategies to work with, you can make a lot more money than you would solely prioritizing profits. Though Forex trading is a field where most are looking for quick money, you should aim at drafting a solid approach instead of letting imaginary profits consume you! 

2) Be Open To Changes: 

Success in the world of Forex relies a lot on the trader being versatile. Sticking to one particular approach is a novice mistake that many commit. Forex trading offers a huge amount of flexibility when it comes to picking strategies, timeframes and currencies. This should be utilized and made the most of. Diversifying is of paramount importance while trading currencies, and has the potential of rewarding you with tremendous profits. 

3) Set Real Goals: 

You need to keep achievable goals so that you don't end up disappointed. One of the major reasons why several Forex traders lose money early is because their goals are opaque and unrealistic! And unrealistic goals lead to massive disappointments. No matter how successful you are as a trader, always keep goals that you can achieve - this will ultimately serve as a pillar of support for you! 

4) Don't Count Your Chickens Too Early: 

Having expectations is natural, more so while Forex trading. But when you expect the unreal, you are bound to get your heart broken! Don't count your chickens before they hatch. 

Learn more about Forex trade management from the expert Forex Brokers at WesternFX! From taking successful risks to handling bad trades, our professionals will teach you the best way to approach Forex and walk out successful. Backed by our assistance and with an arsenal of trading tools at your disposal, victory will be yours! Call us today to get started!

Tuesday, 30 July 2019

4 Key Forex Trading Observations You Should Make in 2019

When delving into a domain as massive as Forex trading, you often end up turning a blind eye towards the smaller aspects of it that are more important and get engulfed by the larger ones of lesser value. This is why striking a balance is essential. You have to learn to give equal priority to both the small and big. At the end of the day, succeeding as a Forex trader requires you to don multiple hats while not committing too much to any aspect, but enough to all! A tricky field indeed, Forex is mighty profitable once you get a hang of it.
Here are 4 smaller aspects of Forex to keep an eye on:   
Forex Trading Strategies You Need to Observe
Forex Trading Strategies You Need to Observe
1) Learning The Basics: It has become a common trend for newbie traders to skip the basics, assuming they know everything. What might seem easy initially, will soon become an insurmountable hurdle! Always make sure you have covered the basics thoroughly. Several Forex traders have suffered early losses as a result of their ignorance of the simpler Forex trading skills. 
2) Avoiding Rash Strategy Jumps: When you are drafting Forex trading strategies, make sure to devise ones that are thorough. Once you have a thorough strategy, keep from changing it at your whims and fancies! The markets have seen several players fail grandly due to their constant switching of approaches and not allowing one strategy to play out to the end. Keep such jumps minimal.
3) Analyzing Trades: You might think that post-trade analysis doesn't matter since the trade is over, but it matters more than the trade itself! The best way to improve your trading approach is by seeing where you went wrong and correcting your mistakes.
4) Having Realistic Expectations: Having expectations while Forex trading is good, but keeping them unreal isn't. The reason behind this is simple, these expectations are what will motivate you and keep you moving. They are important, and since they are so crucial to every trader, they have to be realistic. There will be no point in trading if what you're working towards is never going to be achievable! 
Pair up with one of the finest Forex brokers in the game - WesternFX! Assisted by our arsenal of experts, you'll be able to see stellar results come your way in no time. From strategies to platforms, we will equip you with all the essentials you need. And backed by the guidance our experienced veterans provide, victory will be in your grasp! Call us today to know more.

Thursday, 25 July 2019

How To Best Implement Fundamental Analysis In Forex?

In the world of Forex trading, there exist several influential factors that affect the currency markets. Social, political and economic factors are the three prime aspects traders have to keep in mind while entering Forex. Any sort of disruption seen on said grounds can cause the currency markets to either rise or fall in value. A huge majority of the losses traders incur is due to the volatility caused by sudden changes in the underlying aspects of Forex. 

This is where fundamental analysis comes in. Fundamental analysis is the study of economic, political and social factors to assess a currency's strength and determine its economic stability. Traders employ this method to ensure that their trades have a healthy intrinsic value. 

Forex Trading Strategies
 Here's how you get started with fundamental analysis: 

1) Avail Reliable Information: 

Information is key to fundamental analysis. Economic, social and political data have to be collected, and the sources that provide this data should be authentic and accurate. You can use Forex calendars to ensure the data you refer to is accurate. The signal providers or brokers you partner up with also play a crucial role in your analysis! 

2) Learn How To Read Data: 

Data isn't of much use in the hands of someone who can't interpret it. Reading data will take some getting used to. As a newbie trader, you will often find yourself confused by Forex Trading charts. On a Forex demo account, you'll be able to learn how to work around with your trading platform in a simulated, safe environment. 

3) Demo Practice Amply: 

Demo trading platforms will help you learn Forex swiftly. Being a practice account, they don't provide you with actual money, and the trading environment is only for mock-testing purposes. Before you employ Forex trading strategies or analytical approaches on a live trade, employ it on demo platforms. 

4) Keep Researching And Analyzing: 

Learning should never stop, for as long as you are in the Forex market. Research and analysis are processes that should be perpetual. These will keep adding to your skills and help make you a better trader. And no trader in Forex, no matter how experienced, knows it all. 

Assisted by one of the top Forex brokers, your grip on fundamental analysis will strengthen in no time! Reach out to WesternFX today, and avail our world-class brokerage. Our experts will equip you with top-notch Forex Trading Strategies and the best of trading platforms. Backed by such stellar provisions, you will see raging success come by. Call us today to get started!

Tuesday, 23 July 2019

How Is Forex Trading Different From Stock Trading

When it comes to investment, there is no shortage of opportunities. From Forex to stocks, to CFDs and futures - the financial market extends far and wide to provide traders with ample variety. Amongst the many investment domains, Forex trading and stock exchange stands tall. 

These two are incredibly lucrative and see a massive amount of traders entering routinely. The fame these fields carry has led several people to confusion! Many are often unable to decide between these two. Read on below to find out what separates stock exchange from currency trading. 

Forex Trading

Stock Trading: 

Put simply, stock trading is the buying and selling of a company's shares. Each share represents ownership of the company in percentages. When a company is growing, it usually lists itself on the stock market. When a said company sees profits, its market shares go up in value and you will be able to sell the stocks you purchased for a higher amount. 

Forex Trading: 

Unlike the long-term stock exchange, Forex is more of a short-term market but does occasionally see long-term trades. Forex Trading is the buying and selling of currencies. As a currency trader, you buy currencies from a foreign country, wait for an increase in value and sell it for profits. Since there is a massive level of volatility in the currency markets, trades are a lot more risky on these grounds. 

How Do These Two Differ?

1) For starters, Forex trading offers leverage to traders. Leverage is money borrowed from your broker so that you can have access to high-value trades without owning huge amounts of money right off the bat. 

2) Stock trading can't be done round the clock. Forex is a decentralized market that works 24x7 for 5 days a week, this gives traders a lot more time to capitalize on market trends!

3) Share trading is a lot more stable and secure when compared to Forex trading. While there are indeed risks involved in a stock exchange, they are of lesser magnitude.

Ultimately, choosing a trading domain comes down to your preference. For the long-term trade, stocks can be a great start. They are slow-paced but steady and when done right, can bring in hefty returns. Forex trading, on the other hand, is a lot more risky but just as profitable. If you can adeptly balance out the market risks, you will stand to make stellar profits!

Be it stock trading or Forex trading - get started today with the best! Join hands with WesternFX, one of the top Forex Brokers in the markets. With the assistance our experts provide, you will bag big wins and climb up the ladder in no time. Call us today to know more.

Monday, 3 June 2019

How to Plan for Effective Long Term Forex Trading in Thailand

If you can concoct a good trading plan, half your work is already done. Forex trading is an analytical domain with a lot of priority going towards strategizing than trading itself. While many Forex traders prefer making short-term trades that see quicker profits and last no longer than a month, some choose to prolong their approach with a long-term plan. When you follow a long-term approach, the profits scale up by a massive margin and the strategy itself is more relaxed when compared with its shorter counterpart.
Here are 4 stellar tips to keep in mind while planning a long-term approach:
Tips To Plan for Long Term Forex Trading Strategies
Tips To Plan for Long Term Forex Trading Strategies

1) Brush Up On The Basics: Be it a long-term Forex trading strategy or a short one, the basics lay down the fundamentals. A typical long-term approach will be extremely time-consuming and will demand immaculate levels of focus from you. Entering the foreign exchange markets without proper strategizing will lead to a swift and staggering downfall! Keep the basics like currency information, economic data, capital management etc. on your fingertips.
2) Devise A Risk-Management Plan: Forex trading in Thailand brings along with it a lot of risks. Now the bigger the risk, the biggest the potential profit. However, with big risks, you also stand a chance at losing a lot of money. This is why devising a strong risk-management plan is incredibly important. Start off by defining your risks and measuring the ones that are both affordable and viable. Once you have a fair idea of how to manage healthy risks without losing too much, you will be able to make the most out of each trade!
3) Do The Necessary Research: To devise a wholesome long-term approach for Forex trading in Thailand, a lot of research has to go in. Right from analyzing the current economic trends to gauging a currency's market fit. Make sure you do ample research and are backed by knowledge before heading into a trade.
4) Analyze By Yourself: When you're working with a long-term Forex trading strategy, it is better to do the analysis yourself. Seldom will you find the right means to analyze trades and the proper resources for it. Take the price charts, define your goals and get working!
What are you waiting for? Get yourself a Forex demo account today and start planning! With the expert guidance provided at WesternFX, you will be able to draft an impeccable approach in no time. Powered by our assistance and with killer platforms to work on - victory is assured. Reach out to us today and get started with Forex trading in Thailand right away! 

Monday, 27 May 2019

Top 5 Risk Management Tips for Forex Trading in Thailand

Different traders have different risk-management thresholds. A trader with $100,000 can afford to risk $10,000, but can a trader with $1000 afford to? Absolutely not. This is what risk management comprises of - knowing how much you can afford to lose and gauging the viability of the risks taken. To survive as a Forex trader in the long run and make steady profits, you will have to take risks every now and then. And to make sure these risks don't eat your trading capital, you will have to manage them!
Here are 5 stellar risk management tips for Forex traders to follow:
Forex Trading Risk Management Tips
Forex Trading Risk Management Tips

1) Keep Stops In Place: Stop orders help curb losses by removing a trader's position from the trade once a certain loss threshold has been met. By keeping a stop-loss order in place while Forex trading, multiple trades can be managed simultaneously and the stops will keep severe risks from breaking in. The catch is that placing a stop in the wrong position will throw you out of a trade before it even starts!
2) Risk No More Than 3-5%: Irrespective of the Forex trading capital you invest, risk no more than 5%. Risks are tempting to take because they have a chance of bringing in big profits; however, a mere chance isn't worth losing thousands of dollars over. As tempting as a trade may appear, keep your risks affordable. One bad trade is all it takes to destroy all your hard-earned profits.
3) Amend Your Strategies: Implementing the same few Forex trading strategies over and over is of no good, amendments have to be made constantly. Every time you lose a trade, analyze the faults and make changes then and there. The main reason Forex traders don't grow is because they don't work on their mistakes.
4) Have Clear-Cut Goals: It is crucial that Forex traders know where they're heading. Having a firm goal helps give directions to trades and keeps traders from going astray. Be it monetary goals or just the successful completion of a trade, have a goal to work towards!
5) Keep Researching Constantly: Forex trading markets are ever changing; to stay ahead you will have to analyze the markets and research adequately. Only when you're aware of the movements made will you be able to capitalize on them.
It is impossible to never lose money; some risks are just too risky! However, with the time you will get the flow of foreign exchange and be able to juggle multiple risks while making healthy profits from the same. Learn how to balance your trades like a champ - reach out to one of the top Forex brokers today, call WesternFX! Assisted by our seasoned experts, you will learn risk management in Forex swiftly!

Tuesday, 14 May 2019

Reasons Why Pro Forex Traders Makes Profit and Not You!

It is no surprise that some traders are on a whole new level when it comes to Forex trading. This trading genre has grown to become one of the most profitable markets today, with over $5 trillion in value. Despite of thousands of trading participants, only a handful manages to emerge successfully from their trades. However, there is no secret strategy the winners follow. Forex exchange works on even grounds with no trader having an unfair advantage. So what's the cause behind the low success rate?
Here are 4 reasons why professionals see big wins while others don't:
Reasons Why Pro Traders Makes Good Profit and Not You
Reasons Why Pro Traders Makes Good Profit and Not You

1) They Don't Employ Too Many Indicators: Indicators are incredibly useful for finding out profitable trades to capitalize on. However, a certain level of discretion has to be followed. Blindly employing indicators will do you no good. To truly make profits, you will have to employ the right set of indicators that synergize with each other and have a strong few Forex trading strategies
2) They Have Realistic Expectations: A professional trader knows the viability of the trade he/she makes. Not every trade is going to be profitable. The problem with having unrealistic expectations is that they leave you fantasizing. The Forex trading markets are an extremely erratic domain - things seldom go as planned. To keep expecting the markets 
to move as you want them to will only fuel your impending disappointment!
3) They Know When Not To Trade: The best trait a professional Forex trader has is that he/she knows when to back away from the markets. With enough time spent trading currencies, you will realize that you can't always participate in trades. Sometimes the Forex trading markets are very erratic, sometimes there is little to no movement. Trading during such periods will be nothing more than a waste of time. 
4) They Take Affordable Risks: Risks are essential to every trade, when you risk big, you stand a chance of profiting big. However, sometimes the trade might not go as planned and the risk you take will lead you to catastrophic losses. Professional Forex traders in Thailand know their risk threshold clearly. This includes knowing if a risk is worth taking and if you have enough capital should the trade not work out. A few months of practice and some losses will help you gauge a trade's viability perfectly.
A good number of people who involved in Forex trading in Thailand see stellar results in their trades. Most of it is a result of the years of effort put in and the many hours spent learning Forex. You can get to their level too! With the world-class brokerage we provide at WesternFX, you will climb the ladder of success swiftly and leave a lasting mark on all your trades! Call us today to know more.

Thursday, 9 May 2019

Forex Trading Tips that Actually Works Fine for You

Even professional traders tend to forget the basics at times, and they need some Forex trading tips to reboot their system. Trading currencies can get challenging swiftly and leave you confused on many occasions. A lucrative domain with massive profits, you can pursue Forex trading as a full-time career option today! But without making enough revenue, sustaining this career will be difficult. Profiting as a Forex trader is easier said than done. The markets are incredibly crowded and the competition is stiff. Standing out and reaching for the top will require a lot more than a few strategies.
Here are 5 Forex trading tips to help you see better profits:
Forex Trading Strategies that Works Fine in All Situations
Forex Trading Strategies that Works Fine in All Situations

1) Keep Your Expectations Grounded: Having unrealistic expectations is the fastest way to lose at Forex trading. Most beginners, if not all, have unrealistic expectations from their trades. Even experienced traders at time get deluded by profits and start expecting a bit too much. Profits should never be your focus, avoiding losses should be. Expect only what's achievable!
2) Leverage Nominally: Leverage will allow you to multiply your profits and hold positions of immensely high value. However, this beneficial provision should be utilized with caution. Many Forex traders have lost thousands of dollars on a single trade due to greedy leveraging. A poorly placed trade will leave you incurring huge losses - don't make that mistake! Leverage only in necessary amounts.
3) Work With a Handful of Trading Tools: Forex trading indicators do an amazing job of helping traders zero in on profitable trends. This, however, doesn't make it right to completely cloud your chart with tons of tools. Only employ the indicators needed and utilize them to the fullest. One good trend caught can reel in huge profits.
4) Research The Markets Regularly: Forex markets are never constant - there are always new developments. To stay abreast of the movements seen while Forex trading in Thailand, you will have to keep studying regularly and keep yourself updated. Knowledge to a trader is the most powerful tool! Try to have several reliable Forex trading strategies for your trading needs.
5) Carry A Trading Journal: Keep a track of all your trades in a trading journal neatly. This will help you analyze your mistakes and correct them swiftly. With a trading diary, you can make sure mistakes made once don't happen again, and improve your overall Forex trading approach.
Note these 5 tips down before you start Forex trading in Thailand, and you will reach the top swiftly! Back yourself up with our expertise at WesternFX. From strategies to platforms, to in-trade guidance - we will provide you with all the assistance you need to see success in your trades. Avail our world-class brokerage today, call us!

Tuesday, 7 May 2019

How to Develop Your Own Forex Trading Strategies this Summer

While some traders find comfort in employing preexisting strategies, some want to take the more adventurous route and come up with a scheme of their own. Both approaches are welcome in the Forex markets, and both can bring home profits so long as the strategies are implemented right. For the zealous lot who want to enter Forex trading with a custom strategy, there are several baby steps that have to be taken first. A Forex trading strategy has to be intricate and meticulous, leaving not a single aspect of the trade unconsidered.
Here are 5 steps to get started with your very own Forex trading strategy:
Tips to Develop Your Own Forex Trading Strategies
Tips to Develop Your Own Forex Trading Strategies

1) Select A Timeframe: Before you think about making a Forex trading strategy of your own, the first step is to find out a timeframe you're comfortable with. You can work with small-scale strategies like scalping, that last only a day, or with more expansive, month-long approaches like swing trading. 
2) Employ A Good Few Indicators: Clogging the Forex trading charts with indicators of all sorts isn't going to do you any good. You have to handpick a good few tools and make sure they are in synergy. Don't make the novice mistake of employing tens of indicators thinking they will help you land profitable trades, because they won't. With just a handful of good ones, you can zero in on really lucrative deals swiftly!
3) Analyze Your Risk Potential: See how much risk you can afford to digest. As history has taught us, biting off more than you can chew will bring no good yield. Risks are necessary to succeed at Forex trading, so start off by taking small ones and let the threshold increase gradually.
4) Find Profitable Entries and Exits: A good amount of analysis and the right usage of indicators will help you find profitable entry and exit points.
5) Stick To The Strategy: The last and most important part is to stick to the plan. Diverting from their Forex trading strategy is what throws several traders into losses! Once you have a solid plan to work with, make sure to stick to it.
Don't wait, you already know what needs to be done - now get out there and do it! Try your strategies on a good Forex demo account before you implement it in real-time trades, get one from WesternFX today. With our guidance, you will be able to work with your very own approach and see big profits come your way in no time. Call us today to get started!

Tuesday, 30 April 2019

The Benefits of Futures Trading in Thailand Markets

What is Futures Trading?
Essentially a contract, futures is a derivative that allows the buyer and seller to buy/sell a particular commodity at some point in the future, whose price is fixed on the date of making the contract. Being a derivative, futures trading is incredibly advantageous in that traders need not own the underlying asset to profit from its growth.
Of the several trading markets available, futures see a lot of crowd. Along with the innate profitability, the added provision of leveraging allows traders to multiply their profits. 

Here are 4 reasons why futures trading in Thailand are one of the most beneficial trade markets: 

Futures Trading in Thailand
Futures Trading in Thailand

1) Leverage:
If you want to trade a stock valued at $10 with a futures contract, you need not to spend the complete $10 per share. Leveraging allows you to pay a margin amount and get access to high trading positions! One of the biggest advantages of futures trading is the ability to leverage positions, make big profits from them while only paying a portion of the necessary value.
2) Huge Profit Potential:
Though you only invest a margin amount, the profit potential remains unchanged. The futures trading markets have healthy liquidity percentages and done right, you can make stellar profits in your trades. When compared to markets like stocks or options, futures with its leveraged nature create a tremendous profit window.
3) Trade Both Ways:
It isn't just the uptrend’s that will move in your favor while futures trading, but even the downtrends! Futures trading markets allow you to trade both ways. Even on falling trends, so long as your strategy is adept, you can make amazing winnings. Other markets don't have this provision. Typically, a losing trend would indicate that your efforts will get washed up! 

But with futures, all you need do is be prepared with a trading strategy and any direction the market turns in, you will emerge victoriously.
4) Hedging:
An incredible way to balance out your losses and make sure you stay afloat is by hedging your losing trade. Hedging is the process of keeping a trade opposite to the one that's bringing in losses. This doesn't eliminate your losses but instead brings in enough profits to balance out the lost money. If you employ the right approach, you can even make marginal profits!
Futures trading in Thailand can be one of the best trading careers to undertake today. With the profitability scaling through the roof, the competition isn't going to be easy. Give yourself the edge over others! Sign up with WesternFX today and start making big profits! Our seasoned veterans will provide you with a best-in-class trading account to trade on and proven strategies to work with. Reach out to us now and try a Forex demo account today!

Wednesday, 24 April 2019

4 Crucial Forex Trading Lessons To Learn From Professionals

Starting off isn't the easiest part in Forex trading. The minimal capital requirement and the huge number of opportunities make trading cushiony. However, even beginners are prone to making mistakes and suffering the repercussions. The mistakes a professional makes are of a different league when compared to the one a novice would, however, both pay the relatively same price for the level they're in. Many professionals have made it a point to help beginners dodge the pitfalls they fell in, so they can have a successful start!
Here are 4 Forex trading lessons every beginner can learn from professionals:
Forex Trading Lessons to Learn from Professionals
Forex Trading Lessons to Learn from Professionals

1) Plan Your Trades Out Clearly: Novices, caught in all that excitement, fail to plan properly. The drive to make a real-time trade and the desire to earn their first profit keeps them from prioritizing enhancing their strategy. Though the beginning few trades might be small in magnitude and easier than the ones that come down the line, for a newbie, it might not feel so. This is why it is important to devise strong Forex trading strategies and be prepared.
2) The Grass Is Always Greener On The Other Side: When you are just starting off with Forex trading in Thailand, it is easy to find yourself distracted by others' success. This will eventually drive you to think your strategy is bad and theirs is better. But that's not always the case. People who see consecutive wins have years of experience and are incredibly knowledgeable. To reach that level will take time. So meanwhile, focus on the smaller wins and give more importance to learning than earning. 
3) Losing Is Not A Shame: Traders want to have a perfect streak - both novices and professionals, but a consistent track record doesn't mean one that is loss-less! Every once in a while the markets will move against you and see an erratic trend, such scenarios typically end in a loss. This doesn't mean you're a bad trader or than failure is the only thing you will see thereon. Losses happen all the time! As an adept Forex trader in Thailand, your job is to get back up, move on and focus on the coming exchanges.
4) Always Keep Learning and Evolving: When you stop learning, that's the end of everything. One of the main reasons why several novices don't thrive while Forex trading in Thailand is because they find early contentment. Getting comfortable with one approach or just playing within a specific timeframe won't do you any good. Always keep learning new things and diversifying your approach accordingly.
Several expert Forex traders in Thailand have made mistakes small and big, and accordingly reaped! Their advice will be valuable and will serve as a guiding light. You can learn a lot more from our seasoned veterans at WesternFX today! Sign up now and avail our world-class brokerage!