6 Amazing Tips For Succeeding at CFD Trading in Philippines 2018

Trading contracts require ample research and consistent practice to win at. CFD trading today is one of the most lucrative branches for traders. Beginners and experienced traders alike can make a hefty winning in CFDs, provided they know the way around! Its leveraged environment eases the strain caused by the need for huge investment capital. Though there is no formula for achieving a 100% win-rate in trading, you can definitely make the most out of each one.
 

Here are 6 killer tips for seeing healthy wins in CFD trading:
 

Tips To Get Success in CFD Trading 2018

1) Practicing on Demo Accounts: This step is one which several traders ignore. Demo practice is crucial for beginners, and even professionals use this to experiment strategies. Before entering the live markets, test out on a Forex demo platform. These work on virtual money, and provide a simulated environment; meaning, there are no risks for you to worry about!
 

2) Research Amply: Without studying the markets, leave winning, even surviving will become impossible. Experts spend most of their time studying market trends and researching on the same. There are several domains in CFD trading, pick a few and start specializing in them.
 

3) Place Stop-loss Orders: Entering the volatile markets of CFD trading without a stop order, is a foolish mistake several traders make! When you place a stop order at $80, on an asset of $100 - in case its price drops to $60, you can still walk out with $80 as your broker will cover for the rest, with a guaranteed stop loss!
 

4) Don't Get Greedy: If you keep this in mind, you will minimize several losses in your career! Chasing profits will only lead to losses. However, if you aim at minimizing losses, you will automatically make profits! Don't let greed govern you, and success will come by itself.
 

5) Expect Bad Trades: You can devise the best strategy, but no market will assure a guaranteed win every time. Instill the thought in your mind that a trade can always start to go downhill, and end up in a loss despite of stop order placement!
 

6) Diversify Your Trades: CFD trading offers several assets for your taking. Though expertise over each is required, the best approach to contracts trading is to have a diverse approach. Having one egg in currency stocks, and other in oil will ensure that even if one goes down, the other stays afloat, and you stay financially secure!
 

From long theories to smaller CFD trading tips, you will come across many such tactics to win at contracts. However, the constants you will need to see victory are practice, research, and a good broker. Why not get the best of all three? Call WesternFX today and get an amazing demo platform, access to stellar trading strategies and a world-class broker by your side! With our assistance, you will master CFD trading in Philippines in no time!

3 Tips to Confirm Whether Your CFD Trading is Profitable or Not

Though typical beliefs hint that CFD trading is difficult to profit from, the reality is the opposite. Trading in itself is an immensely profitable venture. From contracts to options to Forex, each domain has its own risks and each promises healthy returns when done right! When it comes to contracts exchange, traders lose due to simple mistakes like overtrading and mishandling leverage. CFD traders work on a risky, leveraged environment where $100 can reel in $10,000, or cause you to lose the same. To win trading, apart from research and practice, there are certain steps everyone ought to follow!
 

Here are 3 tips to follow to win at contracts exchange:
 

 

Tips to Check Profitability Status of CFD Trading

1) Sustenance Before Profits: Every trader wants to make profits; however, it is the cost which you have to monitor. To win at trading, you don't have to make $100,000 of profits; instead, saving $100,000 of capital from loss is what matters! Profits make traders want to invest even more, in an aim to yield the same amounts again - which usually doesn't happen. Instead, it results in losses that wipe out all your earnings! When your goal changes from making money, to saving money, you will see a significant change in your career.
 

2) Leverage With Care: CFD trading is an attractive domain mainly because of the leverage. Contract exchange allows you to start trades without owning huge amounts of capital. By borrowing leverage from your broker, you can participate in high-value trades easily. The turning point here is that the same leverage that pulls you higher can push you even further down. When you win a leveraged trade, you will back all of your invested money, plus the leveraged money and any additional profits. However, when you lose the same trade, all the capital, own and borrowed, is wiped. Leverage wisely to thrive in trading.
 

3) Use Stop-loss: The volatile nature of trading markets brews a need for safety measures. Stop orders are some of the easiest and effective means to stay alive in this field. When you start investing bigger sums and scaling riskier charts, you will need to have your back covered. It becomes arduous for a trader to monitor his trade and speculate a drop in order to avoid it. To save this hassle, stop orders are placed. They automatically pull you out of trades when you define a preset threshold of money or position!
 

Profits are available in abundance, all for the taking of the skilled trader. Only the creamy layer survives the stifle competition today! Trading has become more crowded than ever, and the competition is very stiff. To survive it and emerge on top, you will need a world-class broker. Call WesternFX! We will equip you with impeccable trading platforms and guide you to victory!

How to Find the Best Forex Trading Signals in Philippines

An assistance of any and all forms is welcomed in Forex. Being the volatile and arduous field it is traders need all the help they can get! Forex strategies to indicators to stop-losses; there are certain elements in currency exchange that aid traders with their venture. One of the primary elements is a Forex trading signal. An FX signal is a recommendation given by an analyst or a robot, giving thorough details for entering a trade on a currency pair, with its respective price and time.
 

Typically there are two types of Forex signals:

1) Automated
2) Manual
 

Forex Trading Signals

Automated Forex signals are done by bots. Traders have to command this bots/software to search for particular conditions. This removes any need to physically exert strain over the analytic process. The software chosen, will automatically decide whether to buy or sell currency, depending on the requirements given. With these bots, you can monitor multiple charts while the FX robot processes several currencies simultaneously. Additionally, these are much faster compared to human analysts!
 

Manual Forex trading signals are generated by a trader. He/she studies the charts and then analyzes the markets, to derive the best conditions to enter/exit a trade. It is an immensely tedious process and requires a lot of time. However, humans have a proactive mind. They can analyze trends in different patterns, and make decisions that are unique - something which machines can't. Unlike machines, humans can analyze and predict awry trends and pull out in time.
 

How to Choose the Best FX Signal, provider?

Rate of Profit: If the signal provider is good, the rate of profitable analysis generated will be high. To speculate lucrative openings is no easy task. Analysts have to house immense amounts of experience for this!
 

Diverse Facilities: Diversity governs all aspects of Forex, signals are no different. A good provider will have a platform that delivers a diverse range of instruments, from indices to options to commodities.
 

Reviews: A healthy track record is substantial when picking a signal provider. User reviews speak a lot about the broker and the respective services are given. Ensure they're up to the mark.
 

Knowing the right conditions to enter a trade beforehand is a boon, and Forex signal providers do the job of delivering these! With precise signals aiding your venture, profiting and winning in Forex is but a matter of time! Get yourself a stellar provider today, call WesternFX! Dominate Forex trading in the Philippines, avail our brokerage!

Difference between Stock Trading and Forex Trading

Traders are always faced with the question, stocks or currencies, which market is better? While the stock market and the foreign exchange market are two completely different entities, they are both lucrative, and just as risky. Starting off trading, beginners will find it confusing to pick between stocks and currencies, and these perplexed traders fuelled by internet myths will take a big fall ultimately! Shares and currencies are no rocket-science theories that need sleepless nights of studying; with enough research, any trade can be bettered at.
 

Here are the major differences between stocks and trades:
 

Stock Trading vs Forex Trading

 

1) Trading Spots: Equities are traded at stock exchange markets. These places exist solely to facilitate trades since they're a long and arduous process which needs clear and accurate data. One predominant example is the NYSE (New York Stock Exchange); trading at exchanges has an amazing advantage - traders can keep a track of buys/sells using order books. Currencies, on the other hand, are traded over the counter. Forex is a private deal between the buyer and the seller. These transactions are accompanied by several risks like broker fraud, counterparty default etc.
 

2) Entry Fees: This factor plays a huge role in luring in traders into the Forex trading market. Stock trading needs a huge investment capital. This makes Forex the better choice for several traders. However, the foreign exchange market is a leveraged ecosystem. This can be a boon or a bane, depending on how good the trader is! With leverage, you can invest much more than just your trading capital value. However, this also increases risks; when a leveraged trade is lost, investment capital and the leveraged amount, both are incurred by the trader!
 

3) Lesser Spread Costs: The spreads are lesser in Forex when compared to stocks! Trending currencies like USD, EUR, JPY, GBP etc., have tight spreads. However, when you're considering long-run investments, Forex won't charge as much as equities. Stock trading, on the other hand, is a pricey process. Similar to currencies, premium stocks often have higher spreads.
 

4) Varying Mechanisms: Forex is primarily meant for speculation, and stocks are meant to be invested in. Speculating in currency markets is cheaper when compared to the share market. Traders can speculate stocks, but the capital needed for it is huge, making the entire process very risky. Predominantly, the stock market serves as investments.
 

Stocks and Forex, both offer immense profits when traded smartly. At the same time, the risks are immense. Forex trading relies on leverages, meaning losing is not an option! It doesn't have to be, with the world's best Forex broker by your side; you can win all your trades! Call WesternFX. With the assistance of our stellar brokers, you will see trading success in no time.

Selecting The Right Platform In Forex Trading

Your online trading success hinges hugely on the platform you use. Strategizing is only one part of the deal, a majority of the rest lies in how well you utilize your trading platform. No two platforms are similar; hence it is crucial that you research amply before picking the one for your trading needs. You can avail a trading platform from your broker, or use a 3rd party means. However, it is advisable to opt for the one your broker provides since both of you will be comfortable with it.

While choosing a trading platform, keep the following in mind:

Tips to select the best forex trading platform

 

1) Reliability: Forex trading requires immaculate numbers to work with. A Forex trading platform should be accurate, reliable and fast in its working. The currency trading market is very chaotic and houses immense fluctuations. In an ecosystem like this, precision carries a lot of importance. From viewing prices to entering/exiting a trade, the platform should work at blazing speeds. Though platform downtime is unavoidable, it should be as low as possible; downtime in trades can prove very disadvantageous in clutch moments!

2) Provision for In-depth Analysis: Ground research through the internet and newspapers will only give so much information before you find yourself clueless again. Trading platforms should provide the trader with fundamental and technical analysis tools. From the chart analysis to currency pair speculation, there are several factors that carry paramount importance in Forex. Being unable to carry out ample analysis and research will leave the trader handicapped!

3) Facility to Automate Trades: Not all traders are full-time into the market; some have day jobs and other work to tend to. This is why automating trades is important. With technology today, letting the trading platforms call shots on behalf of the trader should be no big deal!

4) Security: Online trading has become prominent today and several traders trade from the comfort of their homes. However, online is no safe place for people to be in. Trading online means there is a risk of corrupt entities like hackers and scammers stealing your data. The platform you trade on should be secure and not compromise your personal data.

Your trading platform is like an extension of your body and mind! With the right one by your side, you can work wonders in Forex. A broker and the accompanying platform are two things you should never compromise on. Get the best of both - call WesternFX! Aided by our stellar brokers and an impeccable platform, your Forex game will grow in no time.

Why is Trading Stocks Through an Online Broker Better?

What's more convenient than trading from the comfort of your home? Stock brokers provide you with a trading platform, following which, it is all you! Online trading is beneficial in many ways - from comfort to efficiency; it is an amazing alternative to physical trading. You don't have to overwork yourself traveling all the way to the brokerage firm or burden the hassle of physical documents. With online trading, everything can be done with the click of a button!

Here's why online trading can prove hugely advantageous:

Reasons Why Stocks Through an Online Broker is Better?

1) Affordable Fee: A problem several traders face is the money needed for paying spreads and commissions. With most of their money invested, they can't always afford to pay their broker. Online trading removes this hassle! Online, with so much as $5 you can buy or sell stocks. Conventional brokers, on the other hand, will charge a lot of money, which you will have to pay irrespective of profit or loss.

2) Learning Platform: Online brokers offer a lot of resources to traders - beginners and professionals alike. In fact, the best place for novices is online. With a good demo platform, you can learn a lot more than you would in the live markets - all without risking a penny. An added bonus to this is that with online brokers you have 24x7 services! No matter what pickle you're in, a good online broker will help you through it.

3) Flexibility and Efficiency: Online traders have no appointments or calls to place. With online trading, you can trade at your comfort. Stock trading, however, needs one to be punctual, where online trading helps all the more! The meticulous nature of online trading can't be overcome by physical trading; which needs appointments, physical documents etc. All you need is a good trading platform and you're set to trade!

4) Real-time Statistics: A huge boon for online traders is they get to monitor charts as they are updated. This level of accuracy is unparalleled, and certainly not outdone by a conventional physical trade. In trading time plays a huge role, each second's precision is necessary to pull off a good trade. Several analytics tools, speculation mechanisms, and indicators are available for traders to utilize to their heart's content.

Long gone are the days of journeying to office-places for a simple day trade. With online trading now facilitating every genre of trades, everything has become times easier. WesternFX offers stellar online brokerage services - from platforms to consultancy, we cover the A-Z of trading! With our assistance, your trading success is guaranteed. Want an impeccable forex broker in the Philippines, call us! 

Which Stock Market Trading Style Suits You The Best?

Each trader has a unique style to function with, in the stock market. Some develop strategies for day-trading, some have long-term trading style. The diversity of this ecosystem is what makes it amazing! The most predominant attribute you will see between each style is the duration; leaving behind which not too many changes. 

Here are 3 amazing stock market trading styles for you to choose from:

1)Scalping: Scalping is a fast-paced trading style. The trades occur in a minute’s difference. Scalping is a method by which active users can implement since it is best suited for them. Scalping like most other styles requires a lot of concentration to work with, more so because the market fluctuates at a minute’s notice! If you are a person with eyes glued to the charts and finger on the trigger, scalping might be perfect for you.

Stock Market

2)Day Trading: Preferred by many, day trading is the perfect style for those who close the shutter by the end of a day. Day trading starts and ends within a day. People who can’t handle long-term trades and trades that have hour-long fluctuation activities are the ones who make the best day traders.

3)Swing Trading: Speculating on a particular trend’s swing in the market is called swing trading. Swing trading is the median between short and long-term trading. It isn’t too short, or too long. However, for those who can’t handle the overnight suspense, swing trading might not swing the right ways for you. It is best suited for the more patient traders and the ones who have impeccable ability to pinpoint a commodity’s rise/drop in the market.

Stock market trading is a versatile environment and what keep the entire ballroom in place are these plans. Without the ability to gauge a trade, your inclination towards it and the output, succeeding in stock market trading is tough! 

At WesternFX we offer the best online trading services. From Forex to stock markets, brokerage to consultancy, we cater to all! For availing the best online trading services in the Philippines, call us today!