7 signs of bad investment - forex trading tax in singapore

7 signs of bad investment ~ forex trading tax in singapore

Buying stocks on stock market or taking positions on Forex, often involves great deal of emotions, especially when you invest a lot of money, or you are starting out with trading and you are not comfortable with putting your money on the risk.

When it comes to money emotions are hard to control however, before you make decision to put money into some stocks, you can try to determine if there are any deadly signs of bad investment behind your decision. (For a full article visit ASXNewbie website, i will just list quickly those signs and make my comments on it).

Here they are: 7 signs of bad investment

1. Research, lack of research is probably one of the greatest mistake you can make, if you make good research, then you can get at least some confidence in your trade, which is important when it goes bad at the beginning.
2. Hesitation on fundamentals, this mainly applies to stock market, Forex traders rearly have to focus on fundamental data
3. Buying stocks for long term with no end in mind, it speaks for itself.
4. Not being aware of important announcements, on Forex it is useful to know when important economic data will be released, such as employment situation which is responsible for a big price changes in short time.
5. Sometimes investment needs care, especially if you trade long term
6. It is not a shame to get rid of bad investment or position, this goes back to the do not risk more then 5% of your capital on the single trade.
7. Doing what everyone else is doing, this is often mistake of unexperienced trader, be your own guru, do not look at other to know what to do, especially if they are losesr.
   

Mentioned article is more relevent to stock market, so i changed a bit all seven points to make them fit perfectly Forex market.
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Euro Testing All Time Lows - forex algorithmic trading software

Euro Testing All Time Lows ~ forex algorithmic trading software

The Euro has been testing the lows and may have by now reached a level of All Time Low by now

Copper suffers meltdown on growth anxiety, euro on defensive - Reuters


Wed, 14 Jan 2015 07:18:04 GMT
SYDNEY (Reuters) - Unease over the global economy engulfed commodities and dented Asian equities on Wednesday, while the euro loitered near nine-year lows as invest ...


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One US dollar could soon equal one euro - CNNMoney


CNNMoneyThats especially true compared with the euro, which is getting slammed by gloomy growth in the eurozone. Now Goldman Sachs (GS) believes the U.S. dollar will catch up to the euro and the two cur ...


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Yen benefits from volatility, euro at nine-year lows vs dollar - Reuters


SYDNEY (Reuters) - The dollar neared one-month lows against the yen early on Wednesday as U.S. yields continued to shrink, but it scaled a nine-year peak on the euro as bolder stimu ...


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The 95 of all Forex traders fail Lie! - forex trading tax malaysia

The 95 of all Forex traders fail Lie! ~ forex trading tax malaysia

I refer 95% lie to sentence: “95% of traders fail”. Although this are calculations made by brokers, based on their account history. I suppose those are accounts that were blown out by newbie traders.

Anyway I have to admit that it is true that 95% of account ends up empty within less then three months. But hose who were trading them … were they really traders? I think not, in my opinion they were gold diggers or just uninformed fools.

It happens often that after forex success story in newspaper or magazine, people without knowing anything about forex think: “Hey this is easy way to make money! If that guy in the newspaper made millions, I can make at least few thousands I am not stupid”. I don’t have to tell you how wrong this guy is. He takes loan, and starts trading, within 3 months he has got no money but a big loan to pay.

I believe this are the people who goes by 95% rule. But it doesn’t have to be that way. You can make money, but you have to understand it is not going to happen overnight. Probably not even within two years. But it is possible.

What it takes to become trader? In my opinion the only difference between successful and unsuccessful trader is … experience. All you need to do is trade and get some experience.

But there is something more important. As you may lack successes within this two years it is crucial to believe that you can really do it, that it is possible to achieve success. If you have problem with that then, do yourself a favor and buy Anthony Robbins “Awaken the giant within” great book on positive mindset.

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