Making The Right Choices When You’re Trading

Making The Right Choices When You're Trading can make the difference between winning and losing

Photo by CC user Kbrose on Wikimedia Commons

You must be sure that you are right in the midst of decision making process. You must decide when, what and how to trade. You also must go through the right learning and unlearning process. While many of us might be talking about how and when and what to trade, we should also know when not to trade and when to get out of the market.

Over the next few lines we will try and have a look at some time tested and proven theorems which could help you in making the right choices when you’re trading. This will help you to move away from a state of mind which often is referred to as “analysis paralysis”.

It Is All About Experience

If you believe that you can become an expert in trading overnight then you are in for some rude shocks. Trading in commodities, indices, and currencies is a learning process and therefore experience is the biggest teacher. Therefore you must believe in learning the tricks of the trade step by step and gather as much experience as you possibly can before heading over to CMC Markets. It would not be a bad idea to keep a trading journal where you should note down each and every significant event as it happens daily. This certainly will help you to identify the areas where you are making mistakes. You will make mistakes for sure but experience is all about learning from the mistakes and not repeating it again.

Do Not Bite More Than You Can Chew

When you are in trading you certainly make use of various types of indicators. It is quite obvious that you could be cluttered with information and each one might interpret these indicators in their own way. You should find out ways and means by which you keep the number of indicators as low as possible. This is important because the more you clutter your decision making process, the more you are likely to make mistakes. Hence you must believe in keeping it simple and straight. This again will happen only with experience and therefore this point and the previous one are closely interlinked.

You Should How To Recover From Mistakes

There are hardly any traders who have not incurred losses and their success story is not all smooth sailing. You must therefore find out ways and means by which you can convert mistakes into learning grounds and learn to profit from it over a period of time. Many people often become paralyzed when they make losses and you should not be one of them if you wish to make it big. You must sit down and analyze the reasons for failure and take lessons from it rather than being stunned into inaction.

Intuition Has A Role To Play

Though many theoretical experts may have a different take on this, it has been proven time and again that your intuition can help you a lot in making the correct trading decision. If you make wrong use of it you could end up in a state of failure. Intuition is something that comes with experience. This is often referred to as expert intuition. You must also try and develop long term intuition. This is about intuition being driven by the brain which works in the background. This could be of strategic importance at times.

At times you might be at a loss to understand as to how your intuition made you take the decision. However, having said this it is important to understand that intuition does not work in thin air. It has to be backed by logic and figures and there should be some basis for it. There have been instances where intuition has enabled traders to take smart and fast decisions.

Importance Of Playing Learning Games

It is important to train the brain so that it is able to think correctly and think fast. You must therefore understand the importance of playing learning games. You will be playing in a demo environment and hence the risk of losing money can be ruled out. You could try and look for games which could help in speeding up the brain and its thinking capacity.

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Most Successful Entrepreneurs Under 30

Most Successful Entrepreneurs Under 30

Just because you are young doesn’t mean you can’t be successful. Don’t let your youth hold you back rather embrace it and make it an advantage. Here are some of the most successful entrepreneurs under 30 who have changed the rules and already left their mark.

Tyler Haney
At just 27 seven years old Tyler Haney is the founder of Outdoor Voices an active apparel company that has over 8 million dollars in venture capitol. Talk about a big amount of cash for a young person. Tyler is handling is the responsibility and her education in sports and fashion are proving crucial in her new role, running a company.

Shawn Mendes
Shawn is only 17 years old but he already has a envious amount of success. Shawn is a singer and through self promoting videos on Vine he was able to obtain a manager, a contract, and now even a number one single. It just shows you what a lot of talent combined with a self starter attitude can get you.

Jordan Maron
The 23 year old Jordan Maron has made countless YouTube videos reviewing video games. Skeptics would not see this as a career but they were wrong. Jordan has over 8 million YouTube followers and with that many followers you have advertisers eating out of the palm of your hand. His giant online following will ensure his influence and success for years to come, of which he has many!

John Boyega
 Most Successful Entrepreneurs Under 30
This young actor recently starred in Star Wars the Force Awakens, a record breaking film by all measurements. John Boyega is only 23 years old and is likely on track to be one of the worlds most recognizable faces given the insane amount of marketing and promotional products tied to the new star wars movie. This young actor sure knows how to pick his roles and given the success of this film, he will likely have first dibs on acting roles for the remainder of his career.

Matthew Ramirez
A 26 year old Berkeley English Major, Matthew Ramirez has combined the high-tech with the old-school. He has created an algorithm that analyzes writing and automatically provides feedback and suggestions. His software has already been purchased by dozens of schools and looks like it is gaining some serious traction.
These successful entrepreneurs under thirty all have one thing in common, they shot for the moon. Regardless and because of their age they were able to use modern tools to showcase their talents. What to be like them, well first you need to decide what your talents and skills are. The second step is to market yourself or your company using modern social media platforms. Whether you are thirteen or seventy-three it just goes to show you that anything is possible.

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Millenials: From 30 Year Careers to Freelance

careers to freelance

In previous generations you picked a trade after college or high school and chances are you stuck with it but for many this is changing. Today’s millennials are opting out of this process due to personal preference or the labor market. They are working as freelancers instead of choosing 30 year careers. Like many things, the transition from careers to freelance has it’s pros and cons, lets explore some of them.
careers to freelance

Benefits
Traditional healthcare, dentistry, 401k, and many other benefits have been provided by your employer but this is not the cause in many modern freelance positions. Working as a freelancer you may likely be required to take care of these things yourselves. This is an important thing to keep in mind while you looking at salary in a freelance role. Remember these things are often very expensive but freelance hourly pay is often higher than a salary role.

Job Security
The traditional 30 year career promised job security, though we have found this is not always the case. While it was definitely harder to get fired from a job where you have seniority, it is also harder to find a new if you are. A freelancer is by definition flexible, if you are expecting your job to end shortly, chances are you are ready for the next one. The key to thriving as a freelancer is keeping your skills marketable and current.

Hours
The forty hour work weeks of previous generations, complete with overtime pay are becoming harder to find. Today’s millennials are more likely to have a feast or famine work schedule. It is becoming increasingly common to work multiple jobs at once, logging well over 60 hours for months on end only to be followed by periods of little to no work. For the millennial freelancer it is crucial to be aware of this and like a squirrel, stash away your earnings during the busy periods so you will be okay during the inevitable slow times. The savvy millennial freelancer can also use this to their advantage and plan vacations around these downtime or even take it a step further and spend your life on vacation as a digital nomad.

So the debate rages on whether this transition in work style is for the greater good or not, there is not denying the impact it is having on the millennial generation. Those young workers who are most successful are flexible and constantly adapting to the changing demands of the workforce. They also need to be self reliant regarding savings and benefits. You can no longer count on a salary and career for your life from a single company. The workforce of today and tomorrow will be shaped by freelancing millennials moving from careers to freelance.

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What Can Virtual Assistants Do For You?

Virtual Assistant

No, a virtual assistant is not something out of a science fiction movie. A virtual assistant is often a freelancer working from home (virtually) who can help you with your business. So what can virtual assistants do for you? Well, they can do just about anything a physical assistant could; often at a fraction of the cost. Here are some ideas:
Virtual Assistant
Presentations
Last minute meeting and you don’t have your presentation ready? Your virtual assistant can help you with this. Maybe you have all the content ready to go but you don’t have the time or expertise to put into a shareable format. This is a great task to assign to your virtual assistant, simply provide some instructions and wait for the results.

Research
Is your business set to expand into a new arena? Do you need to do some research on potential clients or competition? Give this job to your virtual assistants and let them loose. They will scour the world wide web and bring back a well written data driven document on the topic of your choice. This is not only time saving but can be crucial in making your next big move.

Emails
Out of control inboxes are far to common these days. This is something your virtual assistant could help with. Imagine waking up Monday morning to a single email from your assistant telling you the highlights and must does from the weekends messages. I couldn’t think of a better way to start your week.

Chasing Clients
Maybe you know there is business out there but you don’t have the time to chase up all those leads in your Rolodex (or digital equivalent.) Share these ideas with your digital assistant and have them send personalized email or physical mailers. Instead of using a mass email service you could be having your assistant write customized personal messages geared at each client. These emails could pay off big time and you will be thanking your virtual assistant.

Vacation Planning
Its not only business, you could also have your virtual assistant help with something more fun. A digital assistant is the perfect tool for planning your and your families next getaway. Your virtual assistant can look up the perfect hotels, restaurants and flights. They can also find unique things for you to do while on vacation. Imagine having your next trip all sorted out before you even leave home, so all you had to think about are the waves rolling up on the beach.

These are only a few of the possible things your virtual assistants can do for you. The sky is the limit on what tasks you can assign your virtual assistant. Once you get used to your virtual assistant you will be wondering how you ever lived without one.

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