With the increasing accessibility of Forex trading comes an immense number of beginners. Anyone can trade Forex from the comfort of their bedroom if they like. It can be a mere hobby, or it can become your dayjob.

Of course, this has led to many people losing big amounts of money. Brokers are part of the problem. Some of the most popular ones pretend that traders will make money in no time with absolutely no training. It becomes more like gambling than making responsible, well thought out decisions.

To succeed at Forex trading, you need to get a bit of a background first. There are many online courses on how to trade Forex, but the best way to learn is through practice. Brokers now provide demo Forex accounts that allow you to trade with no financial consequences. They give you virtual money, and it’s yours to lose.

But just as you shouldn't go into real trading blind, you shouldn't go into demo trading blind either. Here are 3 things you need to know about trading with demo Forex accounts.

1. They can be too much of a good thing

Forex demo accounts can unfortunately steer you in the wrong direction. One of the major reasons this happens is that they provide you with too many opportunities that you won’t have in real life. For example, you can start trading with $50,000 of virtual money on a demo account. That seems great, as it will give you a lot of leeway to make both good and bad decisions and learn from them. However, trading with that amount of money is essentially different from trading with smaller sums. You'll make very different decisions on how to use that money, with losses being absorbed by massive profits, and the psychology of it differs. If you want a realistic experience, trade with a realistic amount.

2. They have their critics

While many agree that demo Forex accounts are a good idea, there are critics who advise staying away from them. Their biggest concern is trade psychology. They worry that a demo account will get you used to trading without fear, and you'll bring that attitude into live trading. However, if you treat your demo account as if it’s real, this should not be a major problem. After all, if Monopoly taught us anything, it’s that fake money can be the source of some very big emotions!

3. They're not just for beginners

Demo Forex accounts are brilliant for beginners, but their use does not stop there. Many expert traders use demo accounts to test new strategies. Demo accounts allow them to put ideas to the test before risking real money on them. So, while demo accounts might be most closely associated with amateurs, they are useful for experts as well.


If you're a beginner who wants to test the waters, or an expert looking to experiment with new strategies, demo Forex accounts are a perfect tool. However, go in with a good idea of how they work and what could go wrong, and have no illusions that they're exactly the same as the real thing.

At the start of February, Share Planner mentioned several sectors that you should be trading in right now. One sector of note is healthcare, which showed support levels that would keep it from falling further down the chart.

health care sector

In general, the balance sheets of healthcare companies like Pfizer and Medtronic are good, and their stocks offer attractive dividend yields. The current demand for healthcare products is on the rise due to the uncertainty surrounding the Affordable Care Act. Apart from a solid performance, two reasons why investors should buy healthcare stocks right now are because their underlying fundamentals and valuation are both appealing.

Strong fundamentals

stock chartThe fundamentals of the healthcare sector look attractive to investors because the industry experienced superior earnings per share growth last year. In addition, the industry is getting a lot of funding from investors based on PR Newswire’s report, which means healthcare companies can provide more coverage for people today. They highlighted Health IQ that focuses on health-consciousness during its underwriting process, reached a force coverage of $5.3 billion in October 2017 – up by almost 100% from August 2017. The healthcare industry also showed higher returns on equity compared to most markets last year, and have dipped less than the overall market during downturns.

Investors are bullish toward healthcare this year because they believe it will benefit from people of all ages. U.S. investors are concerned about the prices of drugs and insurance, which may come under political pressure in the country following President Trump’s fight against Obamacare. The incumbent president’s move may impact domestic revenues for some of the biggest companies in the healthcare sector but global demand will continue to grow. This projected growth puts U.S.-based healthcare services in a good position to withstand potential slumps in the year ahead.

Attractive valuation

Because of its good revenues and returns on equity, the healthcare sector trades at a premium on a broader scale. Still, healthcare stocks are inexpensive compared to tech and major commodities. Unless the relationship between healthcare stocks and the S&P 500 goes bad in the long run, this difference in valuation indicates that healthcare stocks may perform well in the general market. Veteran investors look for opportunities to add investments that have strong, long-term fundamentals, making today’s healthcare stocks extremely attractive.

Important reminder when investing in healthcare

Despite the healthcare industry providing big theoretical returns due to the different factors that fuel healthcare spending, the fact remains that choosing the right healthcare stocks can be hard. If you’re new to investing in healthcare, what you can do is to try and make small investments first with a few big caps or a healthcare exchange-traded fund (ETF) before making serious investments with any company. Healthcare has been growing exponentially over the years so take advantage of this time and make sure that you learn everything about the industry first before buying any stock.  


The outlook for 2018's economic market looks good. The global growth trends remain high as the markets experience synchronized recovery, and global central banks are attempting to restore balance on policy normalization. Seeking Alpha state stock market volatility may rise in 2018, but the S&P 500 is expected to consolidate its gains for the past two years. Bond yields are also expected to move higher, with the T-Note yield reaching about 3%. With a promising outlook for the global market this year, traders need to know what they're doing in order to survive market volatility. After all, no matter how great the market is, if you make bad decisions, the financial markets will swallow your capital without any decent returns. Taking educational courses is extremely important to gain an advantage with trading in 2018.

You'll be exposed to different markets

When you take an educational course, you'll be exposed to different markets available in 2018. Did you know that you can now trade Bitcoin futures via CBOE? XBT Bitcoin Futures is one of the latest investment vehicles that traders can diversify their portfolio with. One of the first few things that you'll learn from an educational course in trading is that there are other trading platforms. Apart from Bitcoin futures, there's also Binary Options trading, which is a practical platform that demands very little capital from traders. Binary options work just like trading stocks but the maturity of an asset depends on the trader. For example, if a trader thinks that the price of oil will go up at 5 PM, he or she will buy the binary. If not, the trader sells it. If the price of oil indeed goes up by 5 PM, the trader makes a profit from his or her investment. It's that simple. With binary options, traders make an inference on the price of a commodity, currency, or index.

You'll learn how to use dummy accounts

A lot of financial experts suggest that traders must use a dummy account, but that is where the advice ends. Sure, there are step-by-step instructions for using a dummy account but they're usually just technical transcripts. It is only through educational courses can you fully utilize the potential of a dummy account to trade properly in 2018. There are many economical factors at play, and historical data will have limitations in the hands of a rookie trader. By learning how the system works, and with the insights of a veteran instructor, you'll be able to take full advantage of market analytics and automated trading in the dummy trading accounts.

You'll be able to learn based on the portfolios of other investors

When taking an educational course, traders are usually shown the portfolio of successful traders. By learning how traders responded to market volatility last year, you can incorporate these lessons in your trading sessions in 2018. Financial theories are useless without experience, and it is only by taking an educational course on practical trading can you have first-hand experience on the actual trades. The SharePlanner Investment System is one of the most successful portfolios on the web. It is a system that was designed for traders to duplicate and invest in S&P 500 stocks. When you take on an educational course, you'll understand that the picks being presented on the SharePlanner Investment System are backed not by wild guesses, but by years of experience looking at historical data and charts.

You'll learn one of the most important things in trading: technical analysis

A lot of traders see technical analysis as the bloodline of any trading strategy. Without technical analysis, people would be trading assets in the blind. Technical analysis is the study of price movements and historical data that may explain how the assets are currently behaving this year. There is a lot more to technical analysis than studying the price movements. Nadex's page on technical analysis states that traders also need to learn about moving averages, which is the basis of most technical indicators like the MACD, stochastics, or Bollinger bands. Even non-technical traders sometimes make use of moving averages in order to understand the direction that an asset is taking. Technical analysis can have a lot of jargon and taking an educational course is necessary to learn the terms and how to apply them to your trading.

You'll understand how to set targets and losses

As previously mentioned, the outlook for the economic market in 2018 seems decent. However, that doesn't mean that traders will not experience any losses. In fact, Investopedia states that it is difficult to trade assets with consistent profitability, and there is an estimated failure rate of 90% among short-term investors. With only a 10% success rate with every trade, traders must learn how to set their targets and losses properly. With an educational course, they'll learn that using only the allotted capital for a trade is needed, and emergency funds must never be used for trading. Setting targets and losses is the key to a successful trade, and this strategy can be learned fully by taking an educational course.  

Best Upgrades to Improve Your Home’s Value

If you’re a rental property owner interested in increasing the value of your investment, it’s important to take the time to find and invest in the right upgrades. With the cost of rent increasing, there’s never been a better time to capitalize on the competitive rental market. Choosing which upgrades to invest in can overwhelm some homeowners and landlords. We’ve scoured resource after resource to make sure you know what some of the best, and most cost-efficient, upgrades are to improve your home’s value.

Declutter Like Crazy

According to realtors, home decorators, and real estate consultants, the absolute cheapest and easiest way to improve your home’s value is to de-clutter and clear all the space. First impressions are everything when trying to rent out a space. Even if you have those wooden tile floors or new crown molding, nothing will deter renters more than grime in the bathroom or a weird smell coming from the kitchen. Hire a cleaning service to come in and tackle the property from floor to ceiling.

Cosmetic is Second

Granite counters and fresh paint are lovely exterior upgrades, but they won’t be appreciated for long if there’s a termite infestation or a leak seeping from the kitchen walls. Make sure you get your home or property inspected so that all electrical, plumbing, lighting, flooring, and insulation improvements don’t become an issue for your new renters or homeowners after you’ve left. What you might not notice as a crack in the roof could end up turning into a whole weekend of labor. So make sure your attic is insulated, all leaks are taken care of, rain gutters are replaced, and you’ve inspected your furnace and septic system before you add a fresh coat of paint to the master bedroom. Don’t forget to take care of that pest problem, too! Hire a termite expert from Orkin and make sure the place is pristine – and in healthy, livable condition – before showing to prospective renters.

Energy Efficiency Sells

Buzzwords like “energy efficient” can influence whether someone says yes to a future home or apartment. Interestingly, older residents are much more aware of the energy costs that go into running a home, which could explain the interest in energy efficient residences. However, overall more and more people are starting to ask about utilities. So make sure you’ve updated your heating, air conditioning, lighting, and windows so you don’t leave your tenants with costly energy bills. Even installing solar panels for your water heater can reduce your bill as much as 80%.

Kitchen and Bathroom Reign Supreme

If all foundational, structural, electrical, and plumbing maintenance issues are taken care of, consider upgrading your bathroom and kitchen to improve the value of your property. Considering people spend most of their time in those parts of the home, it’s no wonder that the majority of property upgrades and renovations are done to these two rooms. It’s better to think traditional with this upgrade; wood cabinets and drawers, wood and stone tile floors, granite or quartz countertops, and commercial appliances are the areas to focus on when remodeling. It’s also wise to opt for a large walk-in shower, rather than its whirlpool tub predecessor. Another idea to consider: add-on to the kitchen or bathroom if you have the space and budget.

Protecting Your Property

After funneling money into your property, ensure you get the price you deserve by following thorough screening practices. Home upgrades are only one piece of the rental income puzzle, and vetting candidates can help you land a high-quality person – who can pay a high-quality price. With today’s tech advancements, thorough screening is as easy as pressing a button. Use online landlord services by SmartMove to check on a tenant’s eviction history, credit history, and criminal history – make sure all your bases are covered. Taking the time now to ensure your tenant is a trustworthy person can save you money in the long run, and help you find a long-term renter that will keep your monthly rental income steady.

While many property owners invest in these improvements to upgrade their home and increase its value, other owners may simply want to enjoy the new refurbishments for themselves. Take the essentials into consideration and expand from there.

Once you've been trading Forex for a while, the thrill starts to wear off. While small earnings may have once buoyed you along, they're no longer sufficient. You want to earn real money, not just some extra pocket change. And while you're gradually getting better at it, and building up a nice vacation fund, you want to take it further.

And you should. Forex trading does not need to remain a hobby for the rest of your life. It can become your primary source of income if you approach it smartly and strategically. It’s not going to happen overnight, but there are steps you can take to get there. It will take a change of attitude, as well as a willingness to work hard and take some risks.

But with the right approach, you will succeed. Here are 5 valuable tips to increase your Forex success.

1. Turn trading into a business

tips to increase forex successThere are a few reasons people start trading Forex. If you've found your career as a trader has stalled, chances are you were drawn in by one of two preconceptions. One is that you saw it as a chance to gamble with better odds. The Forex market for you was a casino, except that your bets had more of a foundation behind them and weren't random guesses. Alternatively, you saw it as an exciting hobby. You were interested in financial markets and knew you had an aptitude for it, and relished the enjoyment. The money was an attractive incentive, but not the main point.

If you started trading for one of these reasons, it’s no wonder your success has stalled. This isn’t necessarily a bad thing – after all, if you were after a hobby, you've found what you were looking for. However, you need to change your attitude to Forex in order to increase your success.

Start treating Forex trading as a business. Build your success with the same discretion you'd give any other business. This will prevent you from taking unnecessary risks, or settling for less than you realistically can achieve. If you just think of your earnings as revenue and your losses as costs, you'll immediately make better, more considered decisions.

2. Calculate expectancy

Now that you view trading as a business, you can start analysing your success in a realistic way. Instead of haphazardly going with what you think is working, do a full calculation of your expectancy. Expectancy is what you use to calculate how reliable your system is. You need to go back in time and assess your trades. Take account of your winning trades as well as your losing trades. Then determine how profitable your earnings were against your losses.

You'll already have a clearer view of how well you're doing. Successful Forex traders do more than simply making educated guesses. They anticipate the move a currency pair is making by developing a system to help them make ongoing decisions, and continuously analyse how that system is doing. This will allow you to keep treating trading like a business, as you bring order to chaos.

3. Delve into your psychology

You probably did not expect to do any deep psychological analysis as a Forex trader. But the truth is, your psychology plays a huge part in how successful you are. As much as we’d all like to deny it, we never make objective decisions. There are always psychological factors at play, emotional reasons one idea sounds better than another. Accessing completely clear logic is impossible.

However, we can come as close to it as possible, and for that you need to know yourself. The more you know your own internal biases, the more you know what to look out for. Also, there are universal psychological biases, and a basic introduction to trading psychology will help you get a handle on them. You can’t avoid emotion completely, but by being self-aware, you're giving yourself a huge advantage, and you can commit to checking in every so often on what tricks your mind is playing.

4. Do not overtrade

This is directly related to the previous point. Most traders have the problem that they overtrade. If you're guilty of this, it’s imperative that you stop. By overtrading, you're necessarily running up your costs. And because you have your fingers in so many trades, your accuracy is going to be compromised. You won’t make twice the amount of money if you execute twice the amount of trades, but rather you'll end up making losses.

The reason people overtrade is that their emotions get the better of them. They're excited by the thrill of making money, and convince themselves they could be making even more. If you're on top of your own psychological biases, you'll know what to look out for, and can avoid this common stumbling block.

5. Perform weekend analysis

During the week, while the market is open 24 hours, you don’t have much time to do analysis. This is the time that you're executing trades, and making basic decisions based on what you already know and the plans you already have in place. When the market closes for the weekend, it’s timeto do some analysis.

There’s a lot of work to be done, as you surely know by now. Analysis should involve poring over the charts to identify patterns, looking at economic and world news which might affect a currency’s performance, and reassessing your strategies.

If you're not already making the money you'd like to as a Forex trader, don’t despair. There are some simple changes you can make to your approach in order to optimise your success during the hectic trading week. By following these trading tips, you'll find yourself far better equipped to make the decisions you need to reach your goals.

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