As you already know, trading is not always easy — it can be complicated, risky and controversial, even when you do everything right. When you feel down and distracted, strive to achieve balance. But how does one combine elements that, at first glance, seem opposite? Here is a brief guide on how to maintain yourself and stay calm and act rationally, even in the midst of a trading turmoil.
1. You can never know for sure…
One of the golden rules of trading is that you should invest only the amount that you are comfortable with losing. Why is that? Because no one can predict the future and make a 100% profitable investment. Of course, sometimes you can go through a winning spree. However, you should never expect that all of your deals will be in the money. Sometimes you gain, sometimes you lose — that is a big part of what trading is. There is no certainty and no one can guarantee you amazing returns.
2. But you need to do your best
It is true that the global financial market is hard to predict. But who said that you cannot learn to analyze it and make sound forecasts? Yes, you absolutely can. Markets go up and down in cycles and this is where a trading plan and good strategies come in handy. Go through materials you find online, read books and take your time with it. Do not hurry, decide on your approach, look at the economical calendars, try technical analysis — do everything it takes to make a correct prediction.
3. Talk and listen to other investors…
Market influences the prevailing sentiment generated by traders. Traders, in turn, influence the market by opening put and call positions. Their influence is interconnected and the opinion of people matters. At any moment of time, there is a group of traders (though, it is not always numerous) who is right about the future price. Therefore, it is important to watch what traders do and try to spot those who can boast a deep understanding of the current conditions. Group chats may help you understand the sentiment, and if you are after data — volume indicators can come in handy.
4. But do not let others throw you off your path
The market is a zero-sum game. That’s why you should always remember that other traders may want to see you fail. And some people out there live off your mistakes. Don’t let others take advantage of you. Beware of scammers and double-check the information you are being provided. Trust your own trading techniques and do not doubt your own abilities.
5. Treat it seriously…
If you want to see you trading improve, you have to be consistent. It is better to eliminate the word <game> from your vocabulary and start treating trading as a business. There is a lot of work to be done before you see progress. A good trader is the one who follows the plan. Make sure you know what your goal is and stick to the plan, it will help you during the times when you feel like giving up.
6. And know when to stop
Do not get carried away. Know how to manage your losses, read more about risk management and protect your trading capital. Always consider using stop-loss orders and try to keep your emotions at bay. You would not go to work if you are feeling tired, sick or unstable. So it is better to avoid making serious trading decisions when you know you are incapable of an objective evaluation of the situation. Patience and realistic approach are key for gradual development.
Trade now
Hello there! How are you doing? How can we help you today 🙂 ?
I am a beginner too and this is very helpful thanks again IQ
Hello! Hope you are having a nice day!
We wanted to thank you for your lovely feedback. Have a nice day.
Hello Emilet! How are you doing? Please note that you can not deposit using someone else’s bank card, neither you can use someone else’s information / documents.
You can use an ewallet in case you do not have a bank account.
M a beginner I need help as much as it can possible be
Hi, Nicholas! Thanks for joining 🙂
The main idea is to predict where the price will go. You can choose a type of instrument (Crypto, Forex, CFD, etc) you want to trade. We have lots of currency pairs and company actions, so you can choose the one that you like
After you have chosen one – you are welcome to decide whether you think the price of the asset goes up or down. If you think it goes up, click Higher (Buy on Forex). If you believe it goes down, click Lower (Sell on Forex).
You can use a demo account for practice and gaining experience. That will help you find the best strategy for you without any loss. You might get interested in our educational section as well https://iqoption.com/en/tutorials
We ask you to watch the training videos carefully as they not only explain the way the trade is made but also describe the technical analysis tools and strategies based on them.
We’re really hoping you’ll like it here! In case you need any assistance regarding your account with us, you are always welcome to reach us at support@iqoption.com. Best trades with IQ Option! 🙂
hello madam/sir i want to ask you very important question that…
is this policy of iq option you deposit 100$ and you can only withdrawal 100$ e-wallets to iq option and iq option to e-wallets…
i deposited 100$ and make profit of 3487$. i want to withdrawal 1000$ my request still pending no one responded on email and live chats….please reply..
Hello, dear Madni! Thanks for sharing your concern.
Kindly note that the return to the bank card cannot exceed the deposited amount due to the limitations of VISA and MasterCard, thus it cannot be changed from our side.
You are always welcome to withdraw your profits as well, no worries on that part.
We deeply apologize for making you wait. Sadly, we’re limited on the Blog since we lack access to your account here but we assure you the relevant team will look into the matter and revert at the earliest. Your patience and cooperation are highly appreciated. We value the opportunity to work with you.
Can you suggest some good ways to play?
Because I’m no longer so good, I always need help
Thanks IQ option for your assistance and help I always like to trade your broker and get some experience.
Hey hi Lina, there are no shortcuts or tricks (good ways) that can guarantee you profit. You should go through our blogs regarding the tips and things to note in order to increase your chances of winning.
Thnkx u iq option
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
Why you do not send me daily a morning tips for your expectations regarding trading , i am trading in gold.
Other platforms do this daily for their customs.
I know there will be still a risk , but your suggestions will be valuable
Thank you
Hello!
We appreciate your feedback however, we do not suggest traders or influence their trading behaviour. Regarding the news, you can read that on our website or websites like investing.com, that might help you 🙂
Be careful about setting tight stop losses. Some Broker algorithm trigger tight stop losses and cause you to lose money.
Hello!
There is no algorithm, it depends on the stop loss setting and the market.
However, thank you for your feedback 🙂
Yes!
Nice information. ! Some trader no think of that trading is sure or not sure. Ttry to get 100%win. But its no good.
Your advice best.
Thanks
Asanka.
Hello Dear, thank you so much for your feedback.
We try to do our best and to provide you with the right information. Let us know if you have something to add. Good day.
dont wast your time and mony no 1 worast flatform be carefull
Hello! How are you?
Can you please tell us why do you think so?
We will be glad to assist you and clarify any doubts.
HELLO DEARS.
I would like to ask for help on the sample risk management strategy, whoever has it please share with me.
Hello Danken! It would be wise to formulate a strategy of your own, you are always welcome to try different strategies in your practice account 🙂