Want to learn how to trade yourself?
Trading is a risky and often expensive adventure for beginners. Without a lot of knowledge and dicipline it is almost impossible to be profitable long term. It’s important to learn what to do, and what NOT to do.
I learned of the martingale system, which people used during roulettes. This kind of intrigued me. Ofcourse gambling in an inevitably loseable streak in roulettes isn’t the same as trading. But the idea of doubling €1, 10 times to reach €1000 stayed interesting to me and got me interested in compound interest.
As I was not able to trade myself is started looking into copy trading, and later automated trading. On the platform returns of 30, 50 or 100% were not uncommon. Although this is not the same as doubling, or the martingale system, it still seemed to good to be true. I thought to myself: “If this does work, I could create a similar strategy that would be risky, but less risky than the martingale system.”
As I learned more about copy trading and automated trading. I also got more interested in the trading itself.
On TradingTrench I will post information I learned, found interesting, or think others will find interesting, about trading or even non-related to trading. I hope you will share your opinions and thoughts and join me in the (trading)trench to Battle the market together!
When Copy Trading or Social Trading you follow and copy trading positions of experts or other (professional) traders.
Copy Trading platforms are like social media where every trader has their own profile. By following this profile you automatically do exactly the same as they do.
Automated trading involves algorithms which have been programmed to open and close trades based on a pre-programmed “trading-plan”.
These automated trading systems can stick to their pre-determined trading-plans without emotions, which can make them highly profitable.
Day trading means buying and selling any financial instrument on the same day. Day traders try to use the change price movements in volatile markets to gain profits in shorter timeframes. When day traders stick to their plan it is possible to make a lot of profit in a few hours.
See my results:
Latest Trading blog posts
compound interest Compound interest can be amazing and requires time and not a huge initial investment. Sylvia Bloom was 96 year old when she passed away and donated $6.24 million to the non-profit: Henry Street Settlement. “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t
eToro Trading Platform Review For quite a while I thought of getting into copy trading on eToro, but it often seemed “too good to be true”. That’s why I decided to perform an intense search on the web and come up with an eToro review that would help you – as much as it helped me