The Importance Of Using Trading Platforms In Forex Exchange

Foreign exchange has become a full-time career option for many today, with several players spending long hours in trading currencies. With online trading now facilitating traders to work from anywhere around the world, the comfort factor has gone up by several times! Forex trading is convenient, lucrative and gives you immense work freedom. While the advantages are many, the field is not as easy as it looks. You have to be sharp in your approach and employ a number of strategies and methods to see consistent results!

This is where trading platforms come in. On these platforms, you are equipped with the necessary tools, indicators and means to trade accurately. Here are 3 reasons why you need a good trading platform:

1) They Improve Efficiency:

Trading platforms are primarily needed to improve a trader's methods. Consider them as an extension of your limbs. With a good trading platform empowering you, you can deduce better, strategize more precisely and overall have an efficient trading experience! Trading platforms are more than just portals that enable you to trade.

They are necessary to equip you with the various chart-mapping and trading tools needed to study markets, analyze currencies and play out your Forex Trading Strategy.

2) They Are Time-Effective:

To analogize this, the difference between manual trading and doing the same on a platform is like adding numbers by hand and on a calculator - the latter is times more effective. Saving time should be one of your many priorities when trading currencies, and with a good trading platform you get to do just that.

When you have an arsenal of trading tools at your disposal, not much time has to be spent on analysis and other needs!

3) They Give You Accurate Results:

At the end of the day, accuracy is something every trader looks for. In a field as sharp as Forex trading, your entry stops and exits have to be accurate if you want to see success. Trading platforms help you derive accurate results; be it in indicator results or any chart-analysis result.

They ensure your Forex trading strategy comes into play as needed!

Don't make the mistake of trading blind! Always equip yourself with all the necessary means to win a trade. Get yourself a stellar Trading Account In Nepal, call WesternFX today! Our trading accounts come loaded with the best of indicators, chart-mapping tools and measures to aid you thoroughly. Backed by this excellence, you will find swift Forex trading success!

4 Proven Ways To Minimize Your Losses And Secure Your Capital In Forex Trading

Money management is one of the many aspects of Forex trading that leaves many a trader stumped. Preserving ones capital is undoubtedly one of the most important requirements for foreign exchange. The waters here are turbulent, and without proper protection and a good Forex trading strategy, you can lose a big chunk of your earnings in one fell swoop. To thrive in the long run, you will have to shift your focus from trying to maximize profits to saving more capital on each trade done.

How To Save Your Money And Improve Profits In Forex Trading Markets

Chasing money seldom brings it, but saving money will play well. Here are 4 tips you can follow to preserve your investments and improve your trades:

1) Let Go Of Bad Trades:

The first reason you are losing is that you hold on to trades already lost! Several novice Forex traders trade to make up for lost money. While an initial loss might seem devastating, you can always correct it later on. Don't hold on to bad positions; they will only push you further down and increase the money you lose!

2) Employ Stop Orders Precisely:

Blind placement of stop orders is another mistake that costs Forex traders dearly. Not only does this lead to catastrophic losses, but can also keep you away from potentially rewarding trades! It is crucial that you place stops properly and in accordance with the trade. Aimless stopping can be very harmful.

3) Don't Have Unrealistic Expectations:

Forex Trading In Nepal holds no magic that will bring you profits every day. You lose money when you expect too much from trades. Accept the simple fact that some trades will be bad, sometimes money has to be lost and even a good trade can go awry at times.

4) Keep Your Emotions In Check: Trading out of greed, fear or overconfidence has seldom played out in a trader's favor. This only accelerates the losses and increases their magnitude! Trading is something that should be done with a calm mind. Forex trading in Nepal will reward you incredibly, but only if you approach it with discipline and control over your emotions.

Forex trading in Nepal, it is natural to lose a part of your earnings. Though losses can't be avoided, with proper measures you can definitely minimize them! Reach out to the trading experts at WesternFX today, and employ from an arsenal of impeccable Forex Trading Strategies. Gone are the days where you lose big money; with us by your side, victory will come running! Call us now to get started!

Forex Trading - How A Professional Trader Sees The Market

As a novice trader, you are keen on figuring out the secret to take your trades higher than they usually reach. Professionals are always a motivation, and you strive to be like them. Ironically enough, the practices an expert follows aren't too complex! On the contrary, a pro trader tends to simplify processes and follows an organized approach. Below you will read the basics that govern the trades of a successful player in Forex trading in Nepal, and with right implementation, can help you reach the top too!

1) Trading Strategically:

A methodic approach is always better than an erratic one that relies on chance. Skill beats luck! A professional always follows a disciplined approach; be it in devising Forex Trading Strategies, implementing trading aides or even studying. You should do the same. When you follow a step-by-step procedure, you can cover more ground than when you run aimlessly. Maintain a trading journal, note down the activities you see and partake in everyday. Revise your approach promptly; make sure your methods aren't outdated. When you follow a strict set of rules, success is an inevitable outcome!

2) Not Clogging The Charts:

Indicators are meant to be used for speculating better, but this has to be done in calculated amounts. Several Forex traders clog their charts with various indicators under the presumption that doing so will help them narrow down on better profits. The outcome, however, will be contrary to the same. Only employ the indicators that your trade needs. Housing unnecessary elements in your Forex Trading Strategy will leave you blinded and clueless in the end! Similarly, place stops with intent and wisdom, instead of doing so randomly. Placing erratic stops will throw you out of a trade that has tremendous profit potential before you even make a move!

3) Life Outside Of Trades:

Lastly, live outside of trades. Don't get so invested in Forex that you forget to spend time with friends and family. Several players in foreign exchange let this pressure get to them, and this turns into an addiction. Take ample breaks, assign days when you will not trade no matter what, and spend that time fruitfully with your friends or family. This is what makes for a methodic approach.

Professionalism is achieved not through hard-work, but smart work. In today's competitive Forex markets, you will have to obey certain practices and follow them religiously! Top the markets of Forex Trading In Nepal get yourself the best broker's assistance! Call WesternFX today, and avail from our arsenal of superior FX solutions. Aided by our experts, you will see victory in no time!

4 Of The Most Common And Successful Forex Trading Strategies

Working in the field of Forex trading, you get to enjoy the freedom of trading choice offered. You can choose from a variety of currencies, timeframes and strategies to work with. When it comes to strategizing, Forex traders can get incredibly creative! Be it implementing an existing plan, or creating your own unique approach, the roads to success are many and you can always make one of yours. Over the years, several trading strategies have been implemented and obtained a healthy success rate.

The Best Forex Trading Strategies To Implement In 2019

Here are the handpicked few that you can implement in the coming year and see tremendous results:

1) Scalping: A quick-paced trading Forex strategy, scalping is a technique employed on shorter timeframes. Scalpers aim at making small profits which later compound into one big winning. By keenly following market changes on the most minute windows, scalpers capitalize on these small movements. While incredibly profitable unlike common belief, this strategy can be taxing, since traders have to demonstrate high focus and pin-point precision. You can practice and master this method with a good Demo Trading Account at hand!

2) Day Trading: A simple yet amply effective Forex Trading Strategy In Nepal, day trading is a technique where traders buy and sell within the same day. Without any overnight carrying over, day traders aim at opening and closing trades within smaller timeframes. Day trading is one of the most common strategies seen today because of their easy implementation and high success rate.

3) Trend Trading: A long-term approach, trend trading is just as the name suggests - following and capitalizing on a trend. Through thorough fundamental and technical analysis, traders speculate on the trends a market will adopt and respectively place their calls. With indicators like Moving Average, RSI and Bollinger Bands, the process of analysis has been made simpler! A relatively easy-to-implement strategy, trend trading can be a huge success when done right.

4) Swing Trading: With support and resistance lines as two opposites, traders capitalize on the major swings made by the Forex markets. With a good range picked, you ride the tide till it is profitable and exit it as it reaches closing. By continuing this process, which is essentially a blend of day and trend trading, you make a good winning!

Once you have practiced these Forex strategies on a demo trading account, they are all good to be implemented! Every plan is profitable when implemented right. With an experienced broker by your side, you can start drafting your own strategies! Reach out to WesternFX today, and avail our Forex Trading Strategies In Nepal. Our experts will guide you through every trade, and assist with every need to make sure your trading approach is success-worthy!

3 Key Facts Of Forex Trading Every Trader Should Know

Often times, only the bright side of Forex is seen by people. This is what causes misconceptions to rise and leads several to believe Forex trading to be a field of easy riches. The reality is completely different. Currency exchange sees only 10-20% of the traders succeed in their venture. Most traders who lose are blindly driven by the need to make profits, and this desire leads to their downfall. A profitable career is difficult to achieve, but certainly not impossible. Governed by a disciplined approach, you can see currency trading success in no time!

Here are the 3 crucial things to remember while trading Forex:

1) There Are No Overnight Profits: If profits could be made in an instant, every other player in currency markets would be rich today. Forex is like any other field when it comes to success, it is only reached over time. A field rich with numbers, foreign exchange requires that traders spend more time studying than trading! Traders reach to the top solely through research, practice and adept implementations. You won't have to spend years to master Forex Trading, but the process won't happen overnight either. There are never any shortcuts, whether you trade in markets or do Online Trading; the outcome is always the same! The ingredients to achieving success are mainly research, patience and practice.

2) Never Compare Yourselves With Others: "Tom trades the same timeframe as me, but he earns more", "Cindy uses a different strategy, maybe that's why she profits better." These types of thoughts are natural in Forex markets. As the saying goes, the grass is always greener on the other side. While you are busy comparing your wins with others', ample opportunities are passing by and you are missing out on them! Instead of lamenting, focus harder on improving your approach. It is always advised to follow professional traders and observe how they trade. Do the same without losing your touch in the process!

3) Stay Resilient: The final step to a having a successful trading career in the long-run is not giving up midway. Traders often give up on their trades when enough profits are not seen, or the trade is growing slowly. Though Forex Trading is known for being liquid, the markets won't always move in your favor. Wait for prices to hike or drop as you want them to. Protect your trades with proper stop orders, and make a few risky calls! The perfect balance of risk and control is what will help net in good wins.

The world of trading is evergreen and has immense potential for growth. Be it Share Trading In Nepal or foreign exchange, with the proper broker guiding you, any field can be mastered! Get yourself the best brokerage today, Call WesternFX! With the assistance of our experts, you can grow your trades and see profits in no time! Reach out to us now and get a Free Quote.

How to Get into Stock Market Trading in Nepal | Beginners Guide

While becoming a trader might be an easy deal, staying in it isn't! Stock markets today have grown to become an incredibly profitable venture. To get started, all you have to do is sign up with an established broker and get yourself a laptop with a good internet connection. This setup phase is a cakewalk with barely any complication. The difficulties start to set in when trades begin to happen. Things like market volatility, economy fluctuations and trade risks get in the way of you and profit. 

To reach levels where profit comes consistently will take a lot of practice and experience! Several stock traders face a hard time in their climb to the top. Though thousands of traders enter trade markets, very few manage to see success. Once you get a good grip over the basics, you can start making rapid growth!

Experts Advice for Stock Market Trading in Nepal

Here are 5 essential steps to becoming a successful stock trader:
 

1) Learn to Take Losses: As a beginner, it is natural to make losses in some trades. A field like a share trading, that has the potential to be immensely rewarding, isn't going to go easy on you! Several factors exist on small and big scales that can affect the stock markets in Nepal. As a beginner, protect your trades with risk management techniques but also learn to take losses. Losses can't be avoided, and the best approach to deal with them is to minimize their occurrence! 

Make mistakes, learn from them, and evolve. After all, without losing money, how is its value known?
 

2) Learn the Basics: Internet is a bigger boon to us than we will ever realize! With information to almost anything online, all you need to do is a search for it, which once again, is just a few clicks. Share trading basics can be found across several blogs and videos. The first requirement to become successful at equities is to know how the various stocks function in different market conditions. From using trading platforms to devising strategies and employing them - educate yourself on the basics before advancing. 

Several Forex brokers in Nepal provide demo platforms to practice with virtual money, and this feature can prove amply helpful to beginners.
 

3) Start off Slow: Moving slowly but surely, are times better than moving swift with no guarantee of safety. The drive for money is an obvious and necessary motivator; however, when this desire exceeds healthy amounts, it can become catastrophic. When you are a novice, invest in smaller amounts. Stock markets & Forex trading in Nepal can subject you to high levels of volatility, and this makes the trading environment extremely erratic. To thrive in such a field as a beginner won't be easy. Starting off, your goal should be to minimize losses, not maximize profits. 

Start off with small investments, but ones that have a high chance of yielding well. Doing so keeps you safe from market changes and helps avoid losses!
 

4) Practice Money-management: Without getting good returns, you won't be able to reinvest; and without managing your initial investments, you can't get good returns. Money-management skills are a requisite if you want to leave a lasting mark on the stock markets in Nepal. While a strong understanding of strategizing and implementing is required, it is no good if you can't handle your investments properly. The profits you earn from multiple good trades can be wiped out by a single bad one! 

Several stock investors have a hard time wrapping their mind around stock volatility and end up losing in plenty. Study stocks and their value across different environments; similarly, learn how to invest, what to invest in, and what not to invest in!
 

5) Observe Professionals, Don't Mimic: Treading down the same path as professionals might sound like the easy way to the top, but it is sure to backfire. There is a fine line of difference between observing professionals, and blatantly copying their methods. As experienced traders, they have a clearer view of markets and know how to function in various situations. With good observation, you can learn how different stocks function, which ones are the most lucrative in each season, and how to invest right. Copying their moves, however, is bound to put you in a sticky spot. 

Professional traders have sophisticated techniques, or methods that as a novice, you don't know yet. While certain trade steps work out for professionals, there is no guarantee the same has to work for you.
 

Equipping yourself with ample knowledge and a reliable stock broker in Nepal will help ascend to the top faster. To succeed in the highly competitive field of stocks, you will have to be adept in your approach. Sign up with WesternFX today, and dominate the share trading game! Assisted by our experts, you can avail the best of facilities, from trading platform to strategies. Call us now and ace the stock market in Nepal!

Expert’s Top 5 Tips for Beginners to Make Better Forex Trading

The secret to becoming successful isn't one of huge mystery, with a systematic approach; every novice can climb to the top gradually. Foreign exchange boasts an environment of consistent analysis and is a field that requires thorough research. In a trade market like Forex, discipline and resilience are the governing factors to achieving success! 

There will be many who claim they know the shortcut to become a successful trader; but in reality, growing into a professional is a slow process. Over multiple bad trades and losses, you will learn how to avoid them and direct your approach towards maximizing profitable outcomes.
 

While plotting a strong trading plan and entering/exiting a market at right points are important, there are some basic steps to take as a trader that will benefit you and the trades you make! 

Here are 5 immensely useful tips to better your trading approach:
 

Beginners Tips for Forex Trading in Nepal

1) Educate Yourself: Forex is an incredibly vast field, with one too many aspects to grasp. Agreed that starting off, the amount of learning required can be mammoth, over time it becomes a habit. With a number of influencing factors affecting price movements in Forex trading, it is important that as a trader, you have a comprehensive understanding of these. Spend ample time researching about currency trading, and the various sub-categories it houses. When you are well-learned, having a productive trade is inevitable. 

Choosing the best currency pairs, having the perfect trade points, preemptive loss-management, and various such aspects will become a part of your routine.
 

2) Maintain Notes: Seldom followed by traders, but remarkably effective, keeping a track of your trades can be the key to becoming successful in the long run. As a Forex trader, you will partake in various trades, with a number of different strategies and approaches followed. Each of these trades will yield a different outcome. Now with these numbers on the table, you will be able to form a detailed trading graph. Trades can result in one of three outcomes - profit, loss, or breakeven. While some of your trades might reel in big profits, some might crumble into a disappointing loss.

When you learn to maintain a track of these trades, how they came to be, and if they could get better, you evolve as a trader. A systematic approach will carry you miles ahead!
 

3) Follow A Routine: What sustains a person is a steady routine. Be it eating timely meals, or working out regularly - a regular set of activities are important to keep one in check. The same concept applies to online share trading. Obeying a pattern while trading can help ensure lucrative outcomes. A field of immense volatility, it is impossible to predict what will happen in a currency trading. With chaos governing a majority of foreign exchange, having an equally chaotic approach will worsen your market experience! By sticking to a routine, you avoid having to deal with the mess. This routine can be a personal one or one that pertains to trades. 

From waking up to eating at fixed times, trading on known timeframes to picking specific currency pairs, follow a routine you are comfortable with.
 

4) Play It Safe With Leverage: A huge motivation for people to start trading currencies, leverage can be a sharp double-edged sword! In order to trade positions of higher value, brokers equip traders with leverage, which is essentially borrowed money. So with 50:1 leverage, you can trade $50,000 with an investment of $1000. The problem, however, is when you lose 50:1; you lose $50,000, not just your initial capital of $1000! Several traders are misguided that investing big amounts will help bring in big profits. This leads to many players leveraging grandly, only to end up losing it all. 

Forex trading in Nepal is a very lucrative market, but one that sees immense volatility; hence it is advised to invest small initially!
 

5) Allocate Risk Capital: Since losses can't be avoided in Forex trading, being prepared to lose is the best approach! As an adept trader, dedicate a portion of your capital for loss, irrespective of whether you lose it or not. Even when equipped with a strong strategy, there are always high chances for a trade to turn uncertain. By dedicating a part of your investments as risk capital, you can mentally prepare yourself for potential losses, and stay braced when it is incurred.
 

Success in any venture is only obtained as a result of continuous work. Forex trading especially isn't a field that is quick to reward; with its various hurdles along the way, you will have to stay persistent to win! With the right brokerage to guide you, the journey to victory, as arduous as it is, will be plenty enjoyable and lucrative! Call WesternFX today, and avail our excellent FX solutions. From platforms to strategies, we will assist you 24x7, to ensure you become successful at Forex trading in Nepal in no time.