Posts from — January 2009

Day 5 and the last two GFT tips:

Tip 9) Remember, slow and steady wins the race

The key to trading is being consistent. All great traders have lost money, but as long as they maintain a positive edge, they may still come out a winner.

Tip 10) Never be afraid to explore a new path

Although consistency is important, don’t be afraid to re-evaluate your trading plan if it’s not working for you. If your goals or financial situation changes, so should your plan.

“As a trader, you really need to be prepared. The key is to not only expect the unexpected – sudden news announcements, changes in market sentiment or geopolitical developments – but also to employ a sound risk management system that provides you extra peace of mind” , Martin Slaney, Head of Derivatives, GFT.

For more information or to apply for a GFT account see: GFT.

Good Luck!

DB

The above comments do not constitute investment advice and neither GFT nor Clean Financial accept any responsibility for any use that may be made of them.

Day 4 and another 2 GFT spread betting tips:

Tip 7. Check your emotions at the door

Remember, “revenge trading” is never sweet. When you have a losing trade, don’t go all-in to try to make it all back in one shot. Stick with your strategy. It’s always smarter to make it back a little at a time rather than being stuck with two crippling losses.

Tip 8. Trader, know thyself

Understand your tendencies and personality traits so you can combat your weaknesses and maximize your strengths more effectively.

Also see GFT.

Good Luck!

DB

The above comments do not constitute investment advice and neither GFT nor Clean Financial accept any responsibility for any use that may be made of them.

Day 3 and 2 new GFT spread betting tips:

Tip 5) Know your limits

Know how much you are willing to risk on each trade, and never risk more than you can afford to lose. Always make sure you maintain enough capital to reach your goals.

Tip 6) Learn how to use risk management

Stop and limit orders can help get you in or out of the market at specified prices. GFT offers a wide range of order types to fit any trading style.

Also see GFT UK.

Good Luck!

DB

The above comments do not constitute investment advice and neither GFT nor Clean Financial accept any responsibility for any use that may be made of them.

Following on from yesterday, two new GFT spread betting tips:

Tip 3) Practice

Put your trading plan to work in real market conditions with a practice account. GFT offers free 30 day no -risk practice accounts as well as many seminars to help get you started.

Tip 4) Check the market conditions before placing a trade

Some traders prefer fundamentals. Others are technical traders. No matter what your style, it’s important to know how to use technical and fundamental tools to help find higher probability trades.

Also see GFT Trading Account.

Good Luck!

DB

The above comments do not constitute investment advice and neither GFT nor Clean Financial accept any responsibility for any use that may be made of them.

GFT are publishing ever more data to help you improve your trading. It was not a big surprise to see them win the 2008 Shares Magazine Award for Best Active Trading Tools.

Here at Clean Financial we try to do our bit too from showing were you can find narrow spreads to our own range of spread betting tips and spread betting strategies.

For anyone one who doesn’t want to wade through our tips, GFT have provided a quick “10 Spread Betting Tips to Help Avoid Tragedy”. Every day this week we will be publishing two new GFT tips.

Tip 1) Know the markets before you trade

We simply can’t overstate the importance of education. Learn as much as you can about the markets so you can make informed decisions about your trades.

“You would never buy an automobile without test driving it, so you shouldn’t place your first real trade without learning the ins and outs of the market”, Kathy Lien, Director of Currency Research, GFT.

Tip 2) Develop a strategy and stick to it

Create a plan to guide your trading. It should include your profit goals, risk-tolerance level, methodology and evaluation criteria.

Also see GFT Trading Account and Product Review.

Good Luck!

DB

The above comments do not constitute investment advice and neither GFT nor Clean Financial accept any responsibility for any use that may be made of them.