| Mar 12 2010, 01:44:09 GMT | Sydney: | 11:44 | Tokyo: | 10:44 | Barcelona: | 02:44 | London: | 01:44 | New York: | 20:44 | San Francisco: | 17:44 |
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Besides all of the fundamental and technical factors a trader must keep track of
in order to be successful, there is another area which is often overlooked –themselves.
No matter how good your strategy is, the other factor which will always influence your outcomes are your own emotions. After all, it is emotions that move the markets. Emotions are what most of our indicators are designed to give us a measurement of. And in order to be able to profit on market movements created by
the emotions of others, you must first learn how to read the mood behind the move, and also how recognize and control your own.
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Trading in the global financial markets involves a high level of risk. Investors should be willing and able to bear the financial and economical consequences, and trade only with designated risk capital, the loss of which would not in any way interfere with their lifestyles.
Trading on margin is very risky and it is only appropriate for sophisticated investors who understand the financial risks surrounding this type of trading. Trading on margin bears the risk of losing all your capital.
Foreign exchange (forex) trading is risky. The high degree of volatility within the foreign exchange market, particularly within the intraday market, as well as the ability to leverage your positions means that losses can be quick and significant. It is possible to lose your total investment.
The low margin deposits normally required in currency trading (typically 1% of the value of the contract purchased or sold) allows an extremely high leverage degree. Accordingly, a relatively small price movement in a contract may result in immediate and substantial losses for the investor. In certain markets, like other leveraged investments, any trade may result in great losses.
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