Things to Ask Yourself Before Starting Social Forex Trading in India

Social trading has become quite popular over the last few years. With many traders entering the Forex trading markets looking to make a quick buck, only a handful of the crowd has the time to devise their own approach. This is why several traders have started employing the social trading approach. This method lets traders follow trading moves professionals devise. And by employing a copy trading platform, they're able to mimic the trade an expert makes! 

For traders who don't have enough time, or for the ones who wish to deeply understand how professionals trade, social trading is an amazing technique.
 

Here are 4 important things to know before you begin social trading:
 

Things to Ask Before Going Social Trading

1) Copy Trading Won't Let You Be Original: Forex traders enter the domain of trading in order to be free. Free from their bosses, free from the corporate struggle from 9-5 and free to employ their means of choice to trade. But if you employ social trading, you'll be relying too much on other traders and their strategies. Ultimately losing your authentic touch to each trade. Make sure you're aware of this fact before you begin trading socially.
 

2) Social Trading Isn't Free: Copy Forex trading isn't free. Following professional traders will cost you a good sum. Of course, you have a better chance at profiting and the expense might be worth it, but many traders seem to have this misconception that social trading is cheaper.
 

3) Patience Is A Must-Have Trait: As a copy trader, you will be working with the strategies professionals follow. This means that patience will be of utmost importance. Some Forex exchange strategies will see results quickly, but most won't. To make the most out of your social trading career, you will have to stay patient and wait for the results to show. Many traders fail early because of their hastiness and want quick results. Get a Forex demo trading platform and try it out first!
 

4) What Works For One Trader Might Not For You: By copying the tactics of another trader, you can't establish that you will see the same results. Several underlying factors will come into play here. The currencies used, the Forex trading strategy employed and the timeframe picked, for starters. Depending on these factors, the strategy used by an expert might work for him/her, and the same, when employed by you, might not bring in the results you expect.
 

Forex exchange can get incredibly exciting, but staying in the domain just for profits isn't as fun. If you do lack the time to trade, copy trading is a good start. And down the line when you trade full-time, you will need the assistance of a stellar broker! Call WesternFX and avail our world-class Forex trading solutions.

Top Tips Every Beginner Stock Trading Investors Should Aware Of

It is a motivating sight, seeing thousands of stock investors get financially stronger by pursuing a career as a share trader. Stock trading has long since been known as one of the most lucrative trading domains. High returns can be made with adept strategies at play, and there is seldom a shortage of opportunities to capitalize on. As a beginner, it is natural to feel overwhelmed by the stock market. The number of stocks to choose from is vast, each with its own set of defining values. 

In addition to this, there are a lot of underlying factors that affect the share market and stock values that traders have to educate themselves on.
 

Here are 4 tips for newbie stock traders to follow for better results:
 

Stock Trading Tips for Beginners in Indian

1) Have Realistic Expectations: Expecting unrealistically from the stock markets will do you no good. Stock trading isn't like the casinos; you won't always see big wins come by. The modern stock trader is ever so impatient and ready to jump without gauging the viability of a trade! If you are hasty, the first thing you will realize is losses. Stock trading is a field where patience plays a bigger role than anything else.
 

2) Explore Multiple Investment Opportunities: There are a variety of stocks and strategies to follow, if diversification on these grounds doesn't suffice, go even further! Try your hand out at Forex trading or CFD trading too. Remember, they are all investments. So long as you know your way around and have trading discipline, you can profit in all domains.
 

3) Know The Basics: The basics make up for most of your typical trade. Without knowing the simpler elements of the stock market, thriving will become close to impossible. Before you delve deep into share trading, ensure that you can handle trades as they come. Many traders take a staggering fall because of their lack of knowledge on the elementary stuff!
 

4) Invest Judiciously: You will come across a number of stocks to invest in. However, not all of them will be viable. A lot of research has to be done to measure the efficiency of a particular stock and invest in it accordingly. Be judicious in your investments, else one bad trade will easily wipe away the profits made.
 

Join the stock market hype and bag yourself hefty profits! With WesternFX by your side, you can avail world-class share trading solutions. From equipping you with a stellar trading account to guiding you through trades easy and tough, we will be by you through each step, all the way till you reach the very top! Call us today and get your stock trading career rolling!

Top 4 Reasons Why Traders Choose Forex Trading in India

If you were to observe keenly, you'd notice that the crowd circling Forex trading markets is much bigger than the ones around other trading grounds like stocks or options. The reason behind Forex trading markets being so sought after is primarily because of the huge profit potential. However, that alone isn't the catch. In terms of rewards, viability and convenience, Forex exchange stands out proud. While other trade markets are undoubtedly profitable in their own way, there's still a gap between them and foreign exchange, and we'll see why.
 

Here are 4 reasons why Forex trading markets are the apple of every trader's eye:
 

Why Peoples Choose Forex Trading in India

1) Traders Take The Driver's Seat: As a Forex trader, you get to be your own boss. The typical 9-5 environments can get very mundane and tiresome after a point. But with Forex trading as a career, you won't have to worry about being trapped in a box! All the freedom is yours to take. Currency exchange will allow you to control everything from trading times to the approach followed.
 

2) 24 Hour Trading Markets: Forex exchange markets are open 24 hours a day, five days a week. This means that there will never be a shortage of trading opportunities. 24 hour markets also mean that you can trade from anywhere in the world, without having to worry about the window closing. The catch here is that currency pairs aren't always lucrative; currencies are sometimes profitable and sometimes dormant depending on the timeframe they are traded on.  
 

3) Leverage Provisions: Got only $500 of trading capital? No problem, with some added leverage, you will be able to hold positions of a value more than what your capital allows you to! Leverage is the money provided by your broker, that will increment the existing capital you have and in doing so, allow you to hold positions of higher values. When you leverage trades, the profit potential goes up by a huge margin.
 

4) Nominal Starting Costs: With a few hundred dollars and a good laptop you can get started with Forex trading in minutes. The low starting costs allow almost everyone to get themselves a trading account and start making trades without having to shell out too much. 
 

Fascinated by Forex exchange yet? This domain is growing big by the minute, and you can be a part of it right away! Start your career at Forex trading in India right away, with the professionals at WesternFX by your side throughout. Our experts will coach you diligently, and back you up on good trades and bad ones. Call us today and we can get started in no time! 

6 Tips To Win Trades With The Right Forex Trading Signals

With too many elements crowding the Forex markets, the assistance of some sort is needed to land profitable trades. Profiting is on every trader's mind, but if Forex trading in India were an easy domain, we'd see one too many people drowning in money! Experienced currency traders don't necessarily have it easy, but they are skilled enough to manage the intricacies of a trade. Novices and intermediates, on the other hand, will undoubtedly need guidance.
 

Since the currency markets are a blend of novice, intermediate and experienced traders, the trading grounds need to be fair for all. The experts might be able to ace trades while the novices struggle to reel in positive results! This is where Forex trading signals come in. Forex signals are employed to find out the best time to enter or exit a trade and whether to take profit or cut losses.
 

By taking the cumulative data of past market trends and the information provided by the news and other media, trading patterns are generated to help traders act swiftly and precisely.

Here are 6 ways to make the most out of Forex trading signals:

Tips Win Forex Trading with Right Trading Signals

1) Choose Your Currencies: Before you can utilize Forex trading signals, you need to pick currencies that work best with your approach. Each trader has a preference of his/her own when it comes to trading. Some want to work with lighter currencies, on less volatile markets; some enjoy the intensity of a scalping strategy. To employ signals, it is of paramount importance that you first decide on a good currency pair.

Only then does it make sense to avail signals for said pair and work with the information derived from them.
 

2) Find The Best Signal Provider: Much like there are scammers in the brokerage market, there are signal providers who bait traders in with false promises and loot them in broad daylight! A Forex trading signal in itself isn't always going to be accurate and might fail you on days, but if this has to be topped off with a provider that fleeces you or cheats you, it's a bad deal altogether! When searching for a signal provider while Forex trading in India, take your time going through user reviews and ratings. 

Employ all the quality-check tactics available before paying for their services. 
 

3) Demo Test and Check The Quality: If ratings don't satisfy you or are translucent, the next best thing to do is try a demo. Many Forex exchange brokers provide demo trading in India, for their platform and signals both. Demoing allows you to check all aspects of a service first-hand. Be it simply measuring the accuracy of their signals or the promptness and quality - with a demo account set up, a lot can be accomplished. 

Traders often end up making real-time trades without demo testing anything. This leads to them not having the necessary platform knowledge and not knowing the quality of a broker's service!
 

4) Begin With Small Investments: Signals aren't a magical spell to multiply your profits - they can be inaccurate on many occasions. This is why traders are always advised to make small investments and slowly increase the numbers. When you're employing Forex trading signals, you might feel like going all-in thinking the signals will hit the bull's eye. This, however, is a grave mistake. Even with sharp signals at your disposal, you should aim at keeping your beginnings small. 

Should an inaccurate signal drive you to making bad trades, the losses made thereon will be immense! 
 

5) Study Your Trades Keenly: Forex trading signals are only useful when you employ them right. Merely availing signals and having the speculation data won't bring home profits. Make sure to study the trades you're planning on making. When you are aware of the many ways your trade can play out, you can make the most out of the signals provided!
 

6) Research The Markets: Forex exchange is a lucrative market no doubt, but it isn't profitable 24x7. There are patches when the prices fall and chaos seeps in. During such phases, having signals is no different than trading blind! Before you employ Forex trading signals, do an in-depth market research to make sure conditions are in your favor.
 

As it is, Forex trading in India is immensely risky. The markets are volatile and profiting on currency trading grounds is easier said than done! More often than less, directional assistance will be required. With the backing provided by strong Forex trading signals, you will be able to bag stellar victories! Top this off with the world-class brokerage you will find at WesternFX and you're all set to become a successful Forex trader. Opportunities lie in plenty, don't wait - join hands with us today and get started!

Why Traders Should Avoid Taking Early Profits in Forex Trading

Beginners make the common mistake of leaning too much towards one of two dangerous market extremities - closing trades too early and holding on to trades even when losing. The former can keep you away from potentially huge profits, while the latter can lead you to incur potentially devastating losses! The blunt truth of Forex exchange is that traders ought to focus more on minimizing losses than on maximizing profits. A few good trades will bring in good money, but one bad trade is more than enough to empty your account completely - that's how volatile Forex trading can get.
 

Forex Traders Should Avoid Taking Early Profits While Trading

 

To elaborate the reason behind Forex traders taking profits too early, each trader is governed by fear, greed and ambition. The need to make money is what drives most, if not all Forex traders. While wanting to make profits is only a natural emotion in Forex exchange, getting consumed by the need to earn is what leads to a swift downfall. Traders fuelled by greed take early profits because of FOMO (fear of missing out)! They tend to follow the misguided belief that if they don't bag profits as they come, they might miss out altogether.
 

The fear of missing out has led several traders to early losses. Traders grow more skeptical by the minute and start housing the fear that letting a trade continues might at some point bring in losses! While taking profits is no crime or a huge mistake, it is when you take that is the deciding factor. Small profits come with a certain level of safety; this tends to comfort most traders as they turn a blind eye to the bigger picture!
 

Big profits are accompanied by bigger risks - that's the nature of Forex trading. This doesn't mean you should completely close out the idea of taking risks at all. Fearing losses is natural, and in fact every trader should have a certain level of fear. However, taking healthy amounts of risk will do you no harm! Even if you are to lose a trade, you will learn from it and this will help significantly down the line. Early profits seem more promising in terms of safety, but the time needed to grow as a trader with these profits is mammoth. 

What you can do instead, is start by incrementing your investments and taking risks gradually. This will slowly eliminate the fear of missing out, and make you a trader that is risk-smart and incredibly adept.
 

Stellar profits await the trader that is willing to make the leap! Sometimes you fall, sometimes you make it to the other side; it is the journey that matters most while Forex trading, not the destination. Join hands with WesternFX today, and learn how to trade from our trading veterans! We will help you grow as a trader at your own pace, and take you to the peaks of success! Call us now to know more.

Treat Forex Trading like a Hobby & It Pay You like a Hobby

Many investors fail to realize that trading is quite an intensive process and if they do it as a hobby, they will not be able to observe major results as they might want to. It is like a professional business which demands your attention and effort. You must mind it as much as you can to improve profitability and achieve huge financial breakthroughs.

While going that extra mile will certainly turn out to be rewarding, here are some simple tips & tricks which will help you improve your online trading experience and make it more fruitful!

1) Learn from the Experienced:
 

Treating Forex Trading Like an Hobby will Pay You

It is key to learn from those who have already traveled the journey you are about to embark. You may not experience the exact same process, but there certainly would be a lot of similarities. More importantly, learning the lessons which they did by committing mistakes will keep you from them and actually save you the trouble and pain that follow. This way, you can trade like a pro right from the beginning of your journey!

2) Understand the Psychology Of The Game:

Trends are largely stimulated by psychological influences. If you understand how humans react to the market, you will be able to make predictions which are most likely to be true. So, it is vital to decipher the market’s psychology and look for trend indicators which point you towards a likely investment opportunity!

3) Have Patience:
 

It isn’t really as easy as it sounds. You may be tempted every now and then to make investments, but you have to be sure that you will reap profits later on. Remember, you can win big and lose big in this business of trading. For instance, really want to have all the data you can get hold of to eventually confirm the favorability a particular Forex exchange. Only then, you may safely proceed with your investments. 

4) Try Demo Trading:
 

Online trading is something you don’t master just by gaining knowledge. You need to experience it for yourself. But since that can be expensive for many, it is recommended to subscribe for a demo account and play around with virtual money to test and hone your trading skills. This way, you will grow confident as you will get an in-depth understanding of how the market really works.

5) Keep Things Simple:
 

There are lots of charts and strategies available when it comes to trading. You don’t have to employ everything. They are just different methods to arrive at the same destination. So, don’t make the mistake of overdoing analyzing the data you’ve collected. Look for a reliable pair and go for the investment after you’ve got the confirmation and your trade is set up. Many times, you don’t have to trade a lot of pairs; one or two is actually enough.

At the end of it all, you must remember to protect your capital. There is a high chance that you might lose months’ worth of profits by undertaking unnecessary risks. So, play as safe as possible! WesternFX is a leading Forex broker with unparalleled expertise in Forex trading. Get in touch with our experts to avail our services and reach stellar heights with our profit-stimulating strategies!

CFD Trading Tips of the Year 2019 for Beginners | Earn More

Professional CFD traders are in a level of their own, and this is because they follow a disciplined approach at all times. Be it in regards to strategies or emotional control - they hone their skills and implement cutting-edge techniques! As a novice trader, being fascinated by their approach is only natural. The beginnings are the toughest, as the climb to the top seems impossible. However, when you follow the same meticulous approach these professionals do, you can see success in no time!
 

Here are 6 professional CFD tips for you to implement:
 

CFD Trading Tips of the Year 2019

1) Protect Your Capital: Without your trading account carrying the necessary revenue, you won't be able to trade peacefully! Another disadvantage of having a trading account with inadequate capital is that in the event of a loss, you will get completely drained out since there's no risk capital present.
 

2) Keep Stop Orders: Stops and limits ought to be given the importance they deserve. With a well-placed stop order, you can avoid potentially destructive trades and walk out of them safe and sound! However, keep in mind that placing a stop prematurely or too deep down will either pull you out of your online trading venture before realizing profits or result in tumbling losses.
 

3) Don't Leverage Too Much: Leverage is truly one of the most beneficial features of CFD trading in India and definitely a big reason why many traders flock toward these markets. When you cross a certain leveraging line however, you are risking more than you can afford and losing such trades will be catastrophic.
 

4) Always Trade Towards a Goal: Trading aimlessly is never going to bring in results. Don't make the novice mistake of simply trading with no foresight. Keep a fixed goal, even if monetary, and trade towards it with a disciplined and dedicated approach.
 

5) Follow a Proper Trading Plan: To succeed at CFD trading and have a successful run, you will need to draft and implement sturdy strategies. Make sure your trades have the best ones running in the background!
 

6) Take Losses as a Lesson: Let the losses you make serve as a lesson, rather than a factor that holds you back. While CFD trading in India, it is natural to lose some trades - learn from them, avoid the same mistakes and move on to the better exchanges!
 

CFD trading in India is an incredibly profitable career option today, and you can see rapid success in this domain. With the backing of an expert broker like WesternFX, success will be imminent! Partner yourself up with us, and master your CFD trading approach. Right from strategies to modern platforms, we come equipped with state-of-the-art provisions to ensure your trades see success. Call us today to know more!