3 Reasons Why Most Forex Traders are Failing in 2019

The Forex trading markets see a number of traders come by, each with a trait of his/her own. With the schools of thought ever-growing in number, it becomes difficult to discern what line segregates losing Forex traders from the ones that are successful. After all the filtering, you will see that there are two main types of players in today's currency markets. The first one is audacious - he/she takes trades with high risk but high profit potential. While this trader makes a good winning, one bad trade is enough to empty all their profits! 

The second type is the more cautious one, and yet he/she sees lesser profits. This is because their trades are equally divided between profits and losses, but they profit in greater amounts, leading them to breakevens and a healthy profit ratio.
 

Top Reasons For Failures in Forex Trading in 2019

The third, lesser-known type is the trader that loses most of his/her trades as a result of ignorance, lack of preparedness or ineptness. Here are 3 reasons why traders lose early and how you can avoid that:
 

1) Absence Of A Trading System: A trading system need not necessarily mean a strategy or a particular approach. You can have a small risk management system jotted down to help you curb risks, or work with a sophisticated trading system covering the A-Z of your trades! With different Forex trading strategies at your disposal, you get more clarity. And it is of paramount importance to have a system in place.
 

2) Taking More Strain Than Necessary: Trading day in and day out can be profitable, strenuous, or both at the same time. As a Forex trader, the sight of profits is truly a beautiful one, but not something worth sacrificing your health over. Many Forex traders have lost their peace of mind to such strain and pressure, all because they want to mint a good buck. Stay ambitious and driven, success is definitely something to struggle for - but prioritize your health just as much and take as many breaks as needed.
 

3) Failing To Analyze and Correct Mistakes: If you don't correct your mistakes, improvement is impossible. Spend ample time going through your failures and seeing how you can improve on them. At the end of the day, success will only come if you're willing to put in the effort!
 

Don't get caught in the mesh of failures traders today see early. Sign up with WesternFX, avail our reliable brokerage and stabilize your Forex career! Assisted by our seasoned traders, you'll have an arsenal of winning Forex trading strategies and world-class trade platforms at your disposal. Try a Forex demo today, call us!

When You Should Consider Selling The Stock

Stock trading is a long-term venture, with most traders looking to buy and hold stocks for years at a stretch. However, there are times when a stock depreciates steeply in value, and yet traders hold on to it out of hopes that it will turn around in their favor. There are some instances where holding a depreciating stock pays off as it rises in value, but this risk comes at a high price. 

If your stock remains low, you will end up losing a lot of money! This is why sometimes; dropping the stock is the smartest thing to do while share trading. 

Here are 5 signs you should drop your stocks: 

1) Sudden Drop In Value: 

Anticipation and speculation play a major role in the Stock Market. Sometimes it so happens that an undervalued stock suddenly spikes in value before a major market event. This creates a lot of friction and causes price fluctuations. And at the end of the event, the stock drops in value. During price increases, you have to check if the stock will remain viable and profitable if not, sell it.  

2) No Long-Term Scope: 

It goes without saying that a majority of share trading happens on a long-term note. So when a particular stock is showing no signs of a healthy long-term viability, you should consider selling it and refocusing elsewhere. 

3) You Don't Know The Stock Enough: 

Share trading is a domain where analysis and research are very important. To profit from a stock deal requires that you know said stock and its underlying influential factors inside and out! 

4) Change In Company Leadership: 

The CEO and the management that a company houses often defines its value in the market. Experienced stock investors are able to speculate how effective a particular management will be in helping the company's value rise. So when there is a change in management and it's unproductive, you should consider selling the stocks. 

5) Another Stock Seems More Fruitful: 

At the end of the day, profiting is all that matters, be it long-term or short term. So if you feel that another stock will fit better in your trading arsenal, go for it. But do ample amounts of research and analysis before investing in it. 

With Online Trading becoming so popular, participating in the stock market is today, easier than ever. Create a trading account and get started with a stock exchange! Assisted by our experts at WesternFX, you will be able to capitalize on the best of stocks and mint stellar profits as a share trader. From strategies to platforms, we have all you need to make a name for yourself in the market. Reach out to us today to know more!

Top 3 Tips to Become a Successful Forex Trader in Nepal

Forex, much like any trading market, will be a difficult one to get started with. The early lack of knowledge has led to several Forex traders losing money right off the bat. Driven by zest, these novices start trading without knowing the basics! Needless to say, it seldom ends well. The key to succeeding at Forex isn't to keep trading, it is to trade wisely. 

You can make one smart trade, backed by hours of practice and research, and it will yield better results than 10 half-baked ones. There are some easy tips traders can follow to minimize their losses, maximize the profit potential and make the most out of each trade!
 

Here are 3 steps for you to follow as a Forex beginner:
 

Forex Trading Strategies For Better Success

1) Don't Get Too Emotional: A complete lack of emotional control is one of the many traits you will carry as a beginner. Getting too emotional has cost many Forex traders good money! What happens when you let emotions govern your Forex trading decisions, is that said decisions aren't goal-driven. You will often get sad over losses and overly happy over profits, and these emotional extremities will lead to you overtrading or placing unnecessarily risky trades. 

As a Forex trader, you will have to exercise strong control over your fear, joy and doubt to make sure nothing hinders you!
 

2) Employ Proper Stop Orders: Beginners seldom employ stop-losses, mostly due to the fact that they are unaware of its importance and value. A stop-loss order does an amazing job at minimizing losses. When you place a stop at a particular point, every time you incur losses beyond that point, the stop order will pull you out of the trade. Working with a stop is a great way of ensuring the erratic Forex trading markets don't catch you off guard. This also allows you to manage multiple trades seamlessly. 

As a beginner with minimal capital in hand, stop orders ensure that you don't lose too much of what you have!
 

3) Stay Patient: If Forex trading allowed people to get rich overnight, the markets would be sprawling with millionaires. The reason this isn't happening is because only a handful of traders are patient enough to see results! Success in currency trades comes only with time. Either the markets might not be active when you want them to be, or the Forex trading strategies employed might take time to see lucrative results. 
 

And lastly, traders see success because they partner up with good Forex brokers! When backed by a knowledgeable expert, your performance is bound to multiply and see recurring profits. Reach out to one of the best Forex brokers today, WesternFX! Assisted by our trading veterans, you'll be able to see stellar results in your trades and take to the skies in no time! Call us now to know more.