Avoid Bad CFD Trading Mistakes

By cfdmistakes

Even the smallest mistake can end up cause in either a massive gain or a terrible loss when it comes to contracts for difference trading (CFD) trading. The experts will all attest that though there are several books and strategies on the contracts for difference trading markets there is always going to be the strange occurrences. So how can we avoid ourselves from making costly errors when CFD Trading.

So we will show you where CFD Traders make the most mistakes and give some helpful information on how to avoid these situations in the future.

The major mistakes that most beginner CFD traders will make is when there is too much capital but too little chance of making profit. With a small account balance backed by hope that things will be in your favour, you can just as easily lose more than you can afford to. This market is, as you should know by now, not ruled by emotions or luck, although there are rare instances wherein others do strike a gold mine. Remember when it comes to CFD trading a golden rule is not to take a gamble, but a calculated risk instead. We should only trade when the odds are in our favor.

Some of the major errors that a CFD Trader can make is over trading, thinking that they have to continually trade. Most beginner traders will wrongly assume that the outcome of a trade can entice them to invest too much of their capital and then losing it all in one trade. This can also result in them becoming in debt. This is why we see over 95% of trader go broke from CFD Trading.

Poor preparation will more often than not result in poor performance. Poor preparation is best described as failing to plan. Failing to plan the trade can result in poor execution and major losses. Before you begin to trade you must make sure that you have plan- then trade the plan without a plan you are planning to fail without knowing it. You also must understand what sort of trader you are, short term, medium term or long term whatever you decide to be stick to your rules and trading plan.

The fastest way to become a successful trader is learning, and in most cases learning from other peoples mistakes. In order to do this you must be prepared to educate yourself to become a better trader.

For more education lessons feel free to visit the CFD FX REPORT they specialize in educating traders, helping them find the Best CFD Brokerand helping traders achieve their trading goals.

About the Author:

The CFD FX REPORT

4 Core Blueprints to Reclaim your Life Pt. 2

By Lynn Pierce

In part 1 of this series we talked about the quick fix people are looking for as opposed to taking responsibility for creating your life.

And I asked you...

So where do you start if you are ready to take responsibility for your life and create your future?

There are 4 core areas, or what I call core blueprints, that require your attention if you want to have a life that is in flow with your true passion and purpose. When you've created all 4 of your blueprints and you have all 4 of these areas functioning at a level that satisfies you, then your life will be more peaceful and effortless than you have ever imagined it could really be...

No magic bullet required!

In the next 4 weeks we will discuss each of these areas:

*Introspection and Discovery of Purpose *Blueprinting the Life of Your Dreams *Sales/Marketing/Communication Skills *Mentoring for Your Life and Your Business

First I'd like to have you go back and look at how you reacted to the assignment I gave you at the end of part 1. You remember, the four lines I asked you to read out loud and then look at what your reaction told you about yourself.

I'm making the assumption that you've at least taken one simple action towards creating your life by doing this. So how did that go for you?

What came up?

Your body reacts to your thoughts and feelings, situations real or imagined, all the time but most of the time we aren't aware of it, or you'll look for a pill or a drink to cover the reaction.

Why do you think people refer to your 'gut' reaction?

When your stomach gets butterflies or starts swirling do you reach for an antacid or do you go inside and ask yourself what's really happening here?

Because now, in part two of this series, we're talking about Introspection and Discovering Your Purpose.

Introspection does not require hours of meditation or trekking to Tibet. You can start very simply by just listening to what your body is telling you.

For example: When you notice your body having a reaction, take a minute and see what was just happening that you are reacting to. Was it a phone call, an email, a conversation, or seeing something you don't want to do coming up next on your calendar?

Or was it a daydream, a thought of fear or doubt that isn't even real?

First you have to know what is driving your life now before you can make a shift that will move you in the direction you want to go. Why randomly make changes in your life if you don't know where you're actually at or what your truly want?

It's like shooting arrows at a target while someone is spinning you around instead of planting your body, taking a proper stance and aiming at your target. That would be silly, wouldn't it? And yet you're basically doing the same thing every day if you haven't created your first blueprint of Introspection and Discovery of Purpose.

So how do you get started figuring out what your purpose is?

These are criteria that I use to qualify every opportunity that comes up in my life. I believe they will serve you as well as they have served my clients in the last several years.

7 Criteria for Recognizing Your Passion and Purpose

1. Doing it makes you feel good about yourself 2. You would do it for free 3. You loose all track of time when you do it 4. You love to talk about it to everyone 5. You are happy to teach others 6. If this were how you spent all your time, it would be a good thing. 7. It makes you want to get out of bed in the morning

If you are truly living your purpose and doing what you are meant to do in this life, you will easily be ale to say yes to all 7 of these criteria. And just as importantly, you will be able to confidently say no to any opportunity that doesn't rate a resounding yes. And I mean all 7, every time.

If you say yes to 6, but 1 of these criteria is a no or a maybe for you, then say no to whatever it is. It's not worth your time and effort to do anything that isn't a perfect fit for you. You don't want to be coming from a place of lack and grabbing on to something that isn't meant for you.

I can hear all the "yes, but.." now. It doesn't matter how good the opportunity would make you look or how much money it could bring or what your friends will say if you don't do it. Just say no. Your life will start working on such a higher level as soon as you really embrace this concept of saying no to the good to say yes to the great.

That's the first step to creating your life and creating the first blueprint.

You must have a place that you confidently stand in your life. Your own personal line in the sand. And only you know what that is. I can't give it to you and neither can anyone else.

Another good tool I would suggest you use is creating your own personal manifesto. If you haven't done that, you can go to http://LynnPierce.com and sign up for this ezine, and you'll get an email with a special report on how to create your personal manifesto as my gift to you. I take you step by step through how to create it and how to use it. It's a powerful tool.

To be living your blueprint of introspection and purpose you have to be in a place of abundance in terms of confidently saying no to an opportunity that may be a good one to have the space available in your life to welcome a great one.

Does that make sense?

Too often whether it's a relationship, a job, or a dream; you're limiting your own ability to live your purpose by fearfully holding on to things in your life that, upon introspection, you would realize are not serving you at the highest level.

The law of attraction is not the only Universal law. One that has always been a very important one in my life is the law of creating a vacuum. Nothing new and great can come into your life unless a space has been created for it to occupy.

If all the available space in your life is filled with things that are less than perfect for you, there is no room for anything better to show up.

So you can use the law of attraction and sit and wait, or you can beg and plead, or you can stand on your head, but you will not get your desired end result.

Until you let go and know that the Universe will bring into your life exactly what you need to fulfill your purpose, you'll have no space available for it come into your life.

Have you ever been in a bad relationship and wished for a better person to come into your life, but you wouldn't break up with the first person because you were afraid you'd be alone?

How did that work out for you? Eventually, if you suffer enough and the pain becomes great enough you'll make the leap and leave. Then, lo and behold, someone else shows up.

That's the way it works in every area of your life. You can always take the slow and painful route and wait to be so miserable that you make a change out of desperation or you can choose now to actively listen to your body when you have a 'gut reaction' and begin to create blueprint #1: Introspection and Discovery of Purpose using the tools you've learned here.

Next week we'll move on to my favorite part, Blueprinting the Life of Your Dreams.

So get to work right now on discovering your purpose and creating your personal manifesto so you'll be standing in a place of knowing who you are, where you're starting from and where you want to go so we can begin to create that life for you next week!

Until then, I'd love to hear your thoughts. Just comment on this post on my blog.

About the Author:

Lynn Pierce, the Success Architect, is the founder of one of the most exciting annual events for women entrepreneurs, "Women's Business Empowerment Summit". Now she shares her keys to success and life mastery with you. You can get the first five lessons of "Change One Thing, Change Your Life: A Personal Transformation System" at http://www.yourbreakthroughtosuccess.com.

Indonesia CFD Broker

By cfdbroker

With the modern times of mobile communication, it is not unusual to find hidden in a home a trader or a broker who is doing their CFD Trading from the comfort of their own home. Today to be a CFD trader all that you require is a computer setup to multi screen investing servers, the number of the casual or evens serious home based CFD traders has grown a great deal of late and this is because of the internet and the popularity of certain commodity trades.

Today, this article will discuss about the CFD market, and how you can find a great online CFD broker when you do decide to jump on the wagon and become a CFD Trader. Most of the CFD Brokers today offer the ability to be able to trade online, CFD trade over the phone, or CFD trade from you mobile phone.

With the growth of the virtual CFD Trader, we have seen an explosion of online CFD brokerages on the internet in the almost predictable economic elastic demand and supply. Today we are seeing more individuals turning to commodity trading as a viable source of second or even third income, brokerages and financial firms all over the world have responded by extending their services to the modern technology world. Before you choose which firm and which broker to choose, there are few things you need to do.

First step is to find the black list of online CFD brokers and those that have a bad reputation. There are a few collectives that collect a list of names of individuals and companies (including all their aliases and permutations) and place them upon a compiled list for everyone to refer to. If that is not enough, you must also check your local finance and governing body and run a list of potential brokerages and companies you want to join with them - you never know what you might find. Deal with well established companies that have strong regulation. Recently the CFD FX REPORT has researched all the online CFD Brokers and have come up with who they believe to the Best CFD Broker.

Do not be swept off your feet by a long list of credentials if you do not know what they mean or where they even came from in the first place. Be wary of customer testimonials that are written on the website itself, as these can doctored or fabricated.

Use a company that has great references, and has good client testimonials. Check also for longevity, the more years a broker and his company have been around, the more chances that it is a legitimate and viable source of investing advice. Always be careful where you place your money and it is very, very important that you choose a good online broker that is both legitimate and has the needs of your finances at heart. You must feel comfortable with this broker, remember a bad broker can make you BROKER.

About the Author:

The CFD FX REPORT is a real time trading tool that offers clients free trading reports, with trading ideas, stock market and forex market education as well helping them with. Also if you are looking for a Forex Broker, then feel free to visit our broker section as we recently reviewed all the forex brokers and have found the best on the market.