Top 6 Tips to Avoid Losses in Forex Trading in India

Averaging a trading value of over $5 trillion, the Forex market lives up to the reputation of being one of the most profitable trading ventures!  With a 24 hour opening, traders are free to choose from a variety of strategies and timeframes for their convenience. While the prospects of profit are tremendous while Forex trading in India, money-management is an issue every trader faces. Foreign exchange has volatility, unlike any other market! It houses enough potential to completely wash out trader accounts with just one rash movement.
 

Making money in currency markets comes easy, but keeping it doesn't. Without strict methods to manage your investments, your trading account will get blown up. 

Follow these 6 simple trading tips to avoid losing money in Forex: 

Experts Tips to Avoid Losses in Forex Trading

1) Research Amply Before Heading In: Forex trading involves a lot of research. The traders who get successful reach that point as a result of educating themselves consistently, and practicing the art. With many an element present to throw your trades off, trading currencies are easier said than done. Factors like the global economy, and politics etc., govern the efficiency of currencies and dictate the outcome of each trade. As an adept trader, you will have to know the possible risks that will have to be taken, and how each one will yield. 

Even the smallest of mistakes in Forex can have huge repercussions!
 

2) Demo Before Going Live: Forex demo accounts are provided primarily to help traders learn Forex in a risk-free environment. These platforms provide traders with virtual money and simulate trades so they can avail a second-hand experience of how deals are made on currency exchange grounds. Though demo trading doesn't replicate a real-time trade with risks and volatility, it provides ample knowledge regarding how a Forex player should react to a trade. 

Practicing here prior to real trades gives you a better grip over your investments and how you employ them in live trades.
 

3) Start Off Small: You might have thousands of dollars as your investment capital, but going all-in with it is definitely not the right move. When you're a beginner, make smaller investments and increment the amount gradually. Forex has no rule that says investing more will reward more! One of the best ways to save money while making more of it is to invest safely and calculate your moves. With smaller amounts being put in, even a bad trade won't inflict much damage. 

In addition to this, winning a small trade can reward amply in Forex.
 

4) Employ Healthy Amounts of Leverage: Undoubtedly the prime reason why several traders end up in catastrophic positions, leverage is as big a bane as is a boon in Forex. Leverage is the borrowed sum provided by brokers, to help traders hold positions of higher value. A leverage of 50:1 means that, for every $1 you own as your capital, you can hold up to $50 worth of trading value. This makes Forex all the more tempting and prompts traders to boost their accounts by multiplying investments with the added leverage. However, there is a catch to this; losing a trade that has been leveraged will completely blow up your account! 

Leveraged profits are one side of the coin, leveraged losses are the other. You will lose the borrowed money along with your own capital; this is what makes demo trading indispensable!
 

5) Don't Treat Trading Like a Gamble: Agreed that luck has a role to play in Forex; it is definitely not a governing factor. There are no shortcuts in Forex, and to have a successful run, hard-work and patience matter the most! Entering currency exchange markets with hopes of making money solely out of luck won't do much good. While a gamble relies on chance, Forex requires education and strategizing. The consequences, however, remain the same, in both gambling and trading - when you lose, you lose big. 

So does your research stick to a solid plan, and have ample Forex demo account practice.
 

6) Maintain Physical Records of Trades: This doesn't just help save money; it helps in becoming a better trader. As a Forex player, you will participate in a number of trades, the outcomes of which will vary accordingly. With several profits and losses made, self-analysis will become crucial. Trader mentalities tend to change just like the markets do! When you maintain notes of each trade, how you profited or lost, and what caused it, you get a clearer idea of everything. 

This helps better your approach, and narrow it down to making the most out of each trade.
 

Forex trading in India is growing quickly and the lucrative nature of these markets continues to impress. Pair yourself up with the right broker, and take your trading venture miles ahead! Sign up with WesternFX today, and master more than just money management. Our experts will guide you through the various aspects of foreign exchange like demo trading, strategizing and managing risks - ultimately ensuring you blossom into a fine trader! Call us today to know more.

Top 8 Stock Trading Tips for Beginners in India Stock Market

To blossom into a successful stock trader is no easy feat. In a market this competitive, and volatile beyond comparison, several traders enter with great zest only to head home disappointed. Economic shifts and market differences can easily topple your trades! Despite of the difficulties in stock exchange, more than just a few traders manage to emerge successful stock trading in India. With disciplined trading practices and strong strategies backing you, you can establish a consistency in your trading patterns!
 

With these 8 tips, there will be a stellar growth in your trading career:

Stock Trading Tips for Beginners in India

1) Small Profits with Low Risks are Better than High Ones with High Risks: Money is undoubtedly the prime motivator for several traders. The need to make profits from every trade is what drives share investors to indulge in ceaseless trading! This desire puts traders behind exchanges that have high yield, but a higher chance of crashing. No matter the genre, in trading, settling for smaller profits that have smaller risks is far better than trading with high risks for higher profits.
 

2) Opportunities Lie in Abundance: Plenty of traders fear missing out on opportunities, which ultimately drives them to make haphazard trades, blinded by the need to make money. Over-investing is one thing you want to avoid as a stock trader. Chasing trades solely to make up for lost money has little to no chance of working in your favor! The stock market is filled with opportunities, and with patience and resilience, you can avail many.
 

3) Avoid Copying Other Traders: In the quest to top the stock markets in India, it is obvious for you to follow someone who has already reached a particular level of success. They have already sorted out the difficult parts, and are now on their way to making profits - this is what you thinking when you blindly mimic traders. However, chasing paths like these will only get you halfway to your goal! To become an established trader down the line, follow your strategies while only allowing yourself to be influenced by others, and not completely consumed.
 

4) Keep Track of Your Actions: One of the best ways to succeed as a trader in stock exchange is by keeping a track of the trades you make. A trading journal will prove immensely helpful in the long run, and maintaining one is something you should definitely consider. When you perform regular self-analysis, it makes you fully aware of the moves that bring you profit, and the ones that are unfavorable. The field of equities is one that obeys trends, and the best way to monitor, capture trends is by keeping a log.
 

5) Play it Patiently and it Safe: The stock trading in India is on many occasions, jovially known as a retirement plan. This is predominantly because of the fact that to reap benefits trading stocks takes time! Patience is one of the key attributes you will need as a stock trader. Though amply liquid, the numbers here aren't as drastic as contracts or Forex markets and demand that traders keep at the game rigidly. While you practice patience, another important note is to play trades safely. Remember, you always want to last a day longer!
 

6) Take Enough Breaks: Trading isn't everything; there exists a world outside it. Many traders find themselves heavily indulging in trades and this affects their lives outside of trading. Without ample rest, your trading capabilities will get severely hampered! Spending long hours in these markets will lead to fatigue and stress, resulting in rash acts of over-investing and over-trading.
 

7) Take Affordable Risks: With all things said, stock trading in India is ultimately a field of immense risks. Reckless acts have to be done at times in order to catch the big fish! There is a fine line that differentiates affordable risks from those that will cost dearly. As an adept trader, take healthy amounts of risks, but not those that will throw you off into losses.
 

8) Be Quick to Cut Losses: With risky trades, the chance of losses is high. Fearing them and trying to avoid them will do you no good; since both loss and profit are two sides of the same coin! While you do make losses, be quick to cut them off. Several traders hold on to losing positions hoping that the trades will turn in their favor, which seldom do, and this ultimately leads to traders incurring heavy losses.
 

The world of stock exchange is massive, and the potential for growth is limitless. Aided by the right stock broker, your experience in these markets will be increasingly productive and lucrative! Call WesternFX today, and avail from our plethora of services. From brokerage to platforms, we will provide you with the best of all facilities, and ensure you dominate the stock markets in India!

4 Habits to Adopt if You Want to Improve in Forex Trading

To see success in Forex trading, it is of paramount importance that you develop a winner's mindset. Several tend to believe that traders emerge successfully due to stronger strategies or more favorable conditions. The truth, however, is that successful traders have a strong mindset and are governed by disciplined habits. No matter how stellar a strategy you employ, or how favorable the markets are, without inculcating proper habits, long-term survival in Forex is impossible.
 

Here are 4 habits you should adopt to become a successful Forex trader:
 

 

Habits that Helps to Improve Forex Trading

1) Staying Resilient: Several traders abandon their dream when confronted by losses. Foreign exchange is known for its volatile nature. The key is to take losses positively and move on to better trades. Letting one bad trade define your entire FX career, doesn't do any good! Losses are unavoidable in Forex, and risks are an existent factor in most trades. Staying patient and resilient will aid you immensely in the long run.
 

2) Make Educated Calls: To make big money trading currencies, some risks have to be taken. With steady research and increasing experience, start taking calculated risks instead of making impulsive decisions. Fundamental and technical analysis are the deciding factors in Forex trading markets; once you are capable of performing immaculate analysis, victory will be in reach!
 

3) Stay Connected With The Market: Foreign exchange is directly connected with the global economy. Any sort of price shift seen can alter the movements inside Forex grounds. The best way to make the most out of currency markets is by studying it. Several economic factors, actions like export/import, have the power to influence Forex. Staying educated is one of the best ways to see consistent growth in Forex.
 

4) Stick To The Plan: Another big reason traders take the fall, is because of erratic shifting. Once you have drafted a strategy, sticking to it is important. Upon the speculation of losses, traders tend to change their paths midway, which ultimately leads to catastrophic outcomes. Stick to your Forex trading strategy, no matter how unfavorable the circumstances may seem!
 

Foreign exchange stands to present one of the most lucrative grounds for traders today. With the proper grasp over currency movements and a good understanding of the global economy, traders can make a good winning! Get yourself a broker as adept as you, and dominate FX - call WesternFX! With our stellar brokerage by your side, you will conquer Forex trading in India.

4 Tips To Become Successful At Stock Trading In India

When there are tens of thousands of players indulging in stock trading in India, what differentiates the successful ones from the rest? A collection of simple and effective practices! Though trading in itself is a complicated field, succeeding at it isn't as difficult. Professional stock traders spend most of their time researching the markets, and gathering useful information about a company's stock value history, current market trends, and so on, before investing. This gives them an edge over other trades and makes them better equipped to face market volatilities.

Implement these 4 simple tips, and watch as you get better at trading stocks:

Stock Trading Tips for Indians

1) Stick To Your Plan: The importance of a trading strategy is one that can't be stressed enough. From the first step to the last, your trading plan will be the hinge every trade moves on. The mistake novices make, is jumping from one strategy to another, when they see the first one not yielding high profits. While beginners tend to change their plan the moment they see losses, professionals don't get deterred, and let their strategy, paired up with proper stop-losses, take hold of losing trades gradually.

2) Keeping Notes: Share trading is a field of trends; when you compare weekly or monthly patterns, you will see the recurrence of a trend at many points. Keeping a note of your previous investments, the outcomes they birthed, and emerging market trends to capitalize on, will give you a clear-cut idea about where to make a move, and how it will yield! It is difficult to have an idea of stocks mentally, noting down the important points, however, will be amply helpful.

3) Take Losses Positively: Losses are one side of the trading coin, profits being the other. No matter how skilled a trader is, there is no way to avoid losses completely! A market as volatile as share trading can throw even the best of trades into losses, solely due to its erratic nature. Bad trades should only motivate you to cut them short, and move on to the next, not overtrade to make up for lost money!

4) Diversify: Never keep all your eggs in one basket. The share market provides traders with plenty of options for investments. There are various company stocks to choose from; while novice traders stick to just the dominant companies, successful ones branch out and place their investments on a variety of ventures.

 

The stock market in India has long since been an incredibly lucrative opening for traders. With the surge in the number of companies rising today, investors have a huge market open for them!

How to get profits from Forex Scalping Strategy?

The need to make big money is the driving factor for several Forex players. Its immense liquidity has created grounds for making good money! No reward comes easy, there's always a catch. In foreign exchange, it's the risk. Currency trading markets are terribly volatile, and predicting the price movement is no child's play. To give a better grip over market movements and clarity pertaining to the action needed, strategies are devised and implemented. One of the reasons traders absolutely love Forex, is the flexibility in strategizing. From day trading plans, to scalping, to position trading - you can choose the one that best suits!
 

What is Scalping in Forex?

 

Profits from Forex Scalping Strategy

 

Scalping is a short-term, fast-paced Forex trading strategy. In this, traders work on a timeframe of a few seconds to a few minutes, and capture minute market movements. Scalping traders have to work consistently, throughout the day, to see significant profits. The key point to note is that along with the timeframes, even the profits made are very small. To ensure a day's session pays off, scalpers trade continuously, thereby generating consistent smaller profits, which ultimately add up to a good sum!
 

Why Scalping is a Tremendous Strategy?

 

1) Better Profits: Typically you might think a scalper works with small numbers and hence the profit made when markets close, is trivial. This is a huge misconception! Done right, any trading strategy will yield well. Scalping is no different. Compared to position trading, the profits made are much better, bigger and faster!
 

2) Don't Have To Wait: There is no trend here to be caught. Market movements may be erratic in Forex, but they follow a recurring pattern. Traders rely on this heavily, to make profitable entries. Scalpers however, have no such restriction! Working on such a small timeframe, means there is no need to wait for a trend to begin. The market is always moving and there are plenty small growths to capitalize on!
 

3) Fast-paced: You come, you see, you conquer! With a Forex scalping strategy in play, you won't have to spend hours staring at screens and analyzing price movements. Scalpers work for a maximum of a few minutes, before they move on to the next trade!
 

4) Dynamic Environment: The monotone aura surrounding long-term trades is one which you will never find here. Scalpers enjoy an incredibly energetic work style, by trading on a small timeframe and making continuous profits.
 

Of the several to avail, Forex scalping strategies prove to be the best! When implemented right, you can make profits on a consistent note. Want to know the secret behind crafting a killer trade plan? Call WesternFX today and hire our expert brokers. Your trading career will skyrocket, and you will achieve success in no time!

3 Reasons Why You Need A Trading Plan in Forex 2018

With such huge amounts involved, it is no new fact that Forex trading requires precision and experience to win at. The world of foreign exchange has limitless potential for profits and an abyss of risks. To tread through these risks and get your hands of a good winning requires an impeccable strategy. Trading strategies lie at the heart of Forex. Without them, you will be walking aimlessly and bumping into one too many risks!
 

With a well-devised trading plan, you will minimize losses and maximize profits at the same time. Here's why you need one: 

Know Why You Need a Trading Plan!

1) Keeping Emotions Under Control: You might think the market is responsible for your downfall, but it is often your own emotions that do the pushing. On a good day when you're making the most profitable calls, you're bound to go the extra mile for some more money! Similarly, one bad trade can push you to continue trading, to make up for lost capital. With a Forex trading strategy in place, you will have strict guidelines on when and when not to make a move; by letting yourself be governed by a trading plan, you can ensure over-trading doesn't happen. Trade plans give you a goal to achieve and the means to do so, without hindering.
 

2) Keeping Market Movements In Mind: When you trade without any guidance, you are unaware of various aspects - your goal, the risks involved, capital needed, and protection from losses. By treading blind, you're subjected to a plethora of troubles. Stock markets & Forex can be lucrative on one day and scary on the next. Market movements are difficult to predict precisely. However, when you employ a Forex trading strategy, you get an idea of potential points the market will graze before rising or falling. Using this information, you can refine your approach.
 

3) Analytic Measures: Trading without analysis is gambling. What makes Forex and other ventures a sophisticated approach is the need to research and analyze the markets. When factors like politics and economy affect the market, you never know when it will take a dip. Through fundamental and technical analysis, it becomes easier to speculate, place risk-management measures, since you're equipped with all market-related information.
 

Bearing in mind the various risks Forex has, being braced by a strategy is the best way to enter its chaotic environment. Once you have mastered the art of devising strategies, there's not much to stop you from winning! Call WesternFX today and get yourself the best brokerage. With us by your side, you will dominate Forex trading in India.

Complete Classifications of Indian Stock Market 2018

Stocks are present in abundance. In the highly volatile and extensive market of equities, thorough knowledge of each stock is necessary! Investing huge sums on a stock with no returns can be disastrous. To avoid this confusion faced by share traders, stock exchange classification exists. It is the process of grouping stocks together under categories like size, exchange compliance, liquidity, etc. The seven types of stocks can be grouped under A, B, T, S, TS, and Z; any stock not belonging to these are kept with others.
 

Stocks can be classified based on the following factors:
 

Indian Stock Market Classifications

1) Liquidity (A): The Bombay Stock Exchange (BSE) sees profitable stocks, as well as mediocre ones. Those that carry high levels of liquidity are classified under A. These shares check all the boxes - size, liquid, name them; and are traded in higher volume when compared to others.
 

2) Trade to Trade (T): Trades in the T group are individual; traders buying these shares have to pay the sum by T+2 days. These stocks are periodically moved depending on their market demands.
 

3) Small-medium Stocks (S): BSE's Indonext segment houses smaller companies. S group shares fall under this segment. As the name suggests, they are smaller-sized and have lower liquidity.
 

4) TS Groups: With stocks in the Indonext segment, TS groups represent a behavior which combines T and S classifications.
 

5) Hazardous (Z): The shares in this group mean bad news. They haven't met trader demands and have failed at redressing complaints. Additionally, the lack of information on these makes it hard to speculate on while forex trading! Z category shares carry the highest risks when compared to others.
 

6) Unnoticed (B): These stocks are the ones left out by other groups. However, they do get settled under the rolling system on normal values.
 

7) Others: Financial assets that don't fall under the above mentioned categories are classified under "others".
 

Along with these, based on market capitalization and other factors, two more groups called LB (Securities Lending and Borrowing), market cap stocks are provided. Market stocks are further divided into large, mid and small caps based on the capitalization of companies.
 

Stock exchange can be plenty confusing to a beginner, but with enough experience, you can work your way up to profits! Equities provide one of the most lucrative grounds for traders. Want to conquer the stock market? Avail the world-class brokerage of WesternFX. Our brokers have years of experience dealing with shares and will equip you with the unparalleled knowledge to dominate your ventures. Call us today to know more.

Best Forex Trading Article in 2018: Everything About Forex Trading

Commonly known as FX, Forex is short for foreign exchange, a genre of trading where currencies are speculated upon and exchanged. Sounds offbeat? It isn't! There is much in common between Forex and stocks, just the asset traded differs. The most attractive part of the foreign exchange is the trading volume it houses - over $5 trillion! This makes currency trading one of the most lucrative fields in the market. Opportunities are in thousands and there's much to make trading currencies. Forex even has a leveraged environment, which essentially allows you to participate in large-volume trades without any hassle.
 

The Forex Market: 
 

Everything about Forex Trading in India

Unlike trading stocks in an exchange market, currencies are traded over-the-counter (OTC) through electronic means. This decentralized market is opening round-the-clock, making it one of the few markets that function throughout a day; this is because of the opening time and closing time. By the time one market closes, another open, making it an incredibly flexible market! Forex houses high levels of randomness and chaos, making it exciting and all the more risky.
 

A Leveraged Ecosystem:
 

What seems like a blessing on the outset is a huge risk in disguise. Forex brokers allow traders to avail leverages. This leeway allows you to invest nominal sums and hold positions of huge value. For example, with a leverage of 50:1 and $100, you can participate in a $5000 trade. Leverages are one of the riskiest parts in currency exchange. What traders don't realize is, it allows you to make increased profits and at the same time leads to increased losses!
 

Immaculate speculation is needed to trade currencies, especially on leverage. A currency's value can fluctuate at any instant due to several economic and market factors. Excellent research is the first requirement for succeeding in Forex trading. Several traders enter the markets without ample knowledge, and find themselves in tough spots after a few trades!
 

Starting Off in Forex:
 

The first step in Forex trading is to partner up with an established broker. Brokerage will play a huge role in determining the path of your online share trading career! These agencies are responsible for a number of things like providing trading platforms, assisting in strategizing, and facilitating a trade. It pays off to be wary of scammers in the market. Hiring a shady broker will result in you losing every dime of your investment capital! Pick an established and well-known broker, and ask for a demo account before you live-trade.
 

Demoing before live trading is very crucial in Forex exchange. The volatility, trading tools, and strategies are something that has to be experienced, not studied! Demo platforms allow traders to trade with virtual money without worrying about any risks, and at the same time, experience everything first-hand.
 

Risk and Loss Management in Forex Trading:

The importance of risk management in Forex trading can't be stressed enough. Trading on a leveraged platform increases potential profits and prospects of loss as well. When you have an investment of $100 and are participating in a leveraged trade of $4000, losing it will cause you to lose the investment and the borrowed sum.
 

To prevent this from happening, stop-losses must be implemented at all times. Forex is highly volatile and predicting falls in a currency's value isn't always possible. To defend against this element of randomness, traders have to keep some sort of protection mechanism in place - stop-losses! These orders are used to set a threshold of loss which you can incur without suffering, should that value be met, you will be withdrawn from the trade automatically! With this in place, you can keep your focus on the charts without worrying about losses.
 

Strategizing in Forex Trading:

Succeeding in currency trading requires meticulous planning and consistent research. Professional traders stress on the importance of a trading strategy time and again because without ample knowledge of the market and its underlying factors, winning a trade is impossible! A trading plan serves as a map of the vastness of the Forex exchange market; the better the plan, the higher the chances of getting out!

Similarly, currency pair knowledge is important too. A plethora of pairs exist in the foreign exchange market but not all are dominant. Currencies like USD, EUR, JPY, GBP etc., are predominantly on top of the charts. At the same time, these pairs won't necessarily fetch you good money. All currencies experience a fall at some point, so be diverse in your picks. This way, you will enjoy trading and not remain stuck exchanging the same 2-3 pairs over and over.
 

Winning Trades:
 

To be put simply, succeeding at Forex takes patience, research, and experience. Following this comes a strategy and a broker. When you're equipped with the best of these, success is just a matter of time. With the right brokerage agency assisting you, Forex will be enjoyable and profitable! Hire the best Forex broker - WesternFX. Dominate Forex trading in India with our unmatched brokerage!

How To Succeed At Online Share Trading In India?

The lucrative field of share trading started off as a luxury for some and a hobby for many, but today it has become a hugely profitable venture! Since the advent of online trading, people could trade from the comfort of their homes and at hours of their choosing. This removed the hassle of brokerage costs and enhanced the trading experience as online trading went on to provide several analysis and investing tools. With the competition growing severely acute by the minute, everybody wants to know the formula for success!

Here are 4 proven ways to see consistent success at online share trading:

Online Trading Success Tips

1) Understand the Market: "An investment in knowledge pays the best interest." - Benjamin Franklin. Rightly quoted, the first investment you will be making in trading is the one to educate yourself. From the basics, to trading methodologies, to risk-management - you will have to enrich yourself on all grounds before you can step into live trading. The volatility held by the stock market is fierce and will topple any unprepared trader!

2) Strategize to Perfection: Commodities, currencies, equities, bonds and so on - there are several domains for you to choose from. To be a successful online trader, find one asset class and narrow down your focus to specific points. Initially, trading is about finding your niche and specializing in a particular domain. Over multiple trades you will grasp the market flow and you can branch out fluently into other genre without fearing any repercussions.

3) Demo Trade Before Live Trading: Demo trading is often overlooked by several traders - professional and beginners alike. Demo trading accounts are immensely beneficial for beginners; you can learn every aspect of trading without losing any money and you can test out various strategies, learn the circumstances. Entering live markets without practice will only sow the seeds for loss which you will yield eventually. Always practice on a demo account till you have a grip over the platform and a clear understanding of the market before proceeding into live trading.

4) Take Losses in Your Stride: Starting off trading, it is discouraging incurring losses. However, nothing but failure, will pave the road to success! Losses happen to the best of traders, take it in your stride. There are trades where no amount of strategizing and risk-management will help you avoid loss. Learn to be positive about both outcomes and let failure only drive you towards betterment.

Trading does not offer a formula for getting rich quick. On the contrary, the ratio of failure is high in trading. Ultimately, it comes down to practice, patience and research! Online share trading is a risky, yet hugely profitable endeavor; done right, you can reap incrementing benefits in no time! Want to leave your mark in the online share trading in India? Call WesternFX! Our team of experienced brokers will ensure your stay in the share trading ecosystem is comfortable as it is profitable!