Five mistakes that can ruin your trading career 

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Computers and machines can do work with 100% accuracy. They don’t have to improvise since they follow strict sets of rules which often known as common. But human beings are more prone to making mistakes since they have emotions. Emotions convince them to make mistakes which can be avoided by thinking rationally. And every mistake that we make comes with a cost. As a trader, you have to understand the gravity of this article. This article is dedicated to the traders are who are having trouble to protect their capital. They are doing the same thing in the wrong way and losing money. So, what the most dangerous mistakes in trading. Though there are many kinds of mistakes in this article, we will discuss the top 5 mistakes which can cost your entire investment. These are –

  • Executing too many trades
  • Going to deep
  • Focusing on short term gains
  • Ignoring the demo account
  • Losing the temper

Executing too many trades

The execution process is fairly easy in the Forex market. Just with a single click, you open the order and start making money. But to make a profit, you have to predict the price movement accurately. If you fail to predict the price movement, you are not going to succeed at trading. Most of the time, traders place too many trades with the hope that it will make them rich. But soon they lose their entire investment and blame the market. This problem is referred to as overtrading. To avoid the problem of overtrading, you can focus on the major pair trading strategy. Ignore the cross pairs and other markets to narrow down your options.

Going to deep

The intermediate traders often try to dig too deep. They start using tons of variables to analyze the CFD market. But without following basic codes and simple logic, no one can make a profit. If you go too deep, you will never find synchronized signals. This is one of the major causes for which the retail traders are losing money. But does that mean you won’t learn from scratch? Going too deep refers to the creation of a complicated trading strategy. Those who rely on the complex trading system always lose money since they don’t know the perfect way to place the trades. You have to realize the fact, trading is all about simplicity.

Focusing on short term gains

The Aussie traders are biased with short term profit. They are placing random trades with the hope to change their life. In fact, they trade the 1-minute time frame major chart pattern trading strategy. By doing so they increase the risk factors to a great extent and eventually blow up the account. You are here to make a profit. This doesn’t mean, you will be dealing with an aggressive trading strategy. Try to develop a conservative trading technique as it is one of the most effective ways to develop your skills.

Ignoring the demo account

If you bypass the demo account, you …

How To Hire the Best Employees

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It has been said that a company’s greatest asset is its employees. When your company posts a job opening, you may receive interested responses from hundreds of applicants. As someone in charge of hiring, there are several questions you need to answer. How do you distinguish top-quality workers and attract them to your firm? Furthermore, how can you verify which of these workers will be a good fit?

Learn To Look For Top Talent

To find the best workers, it’s important to start looking in the right places. You can begin by contracting with a local employment agency boston ma to match you with their best people. The advantage of using a staffing agency is how it allows you to hire someone on a trial basis. This gives both parties an opportunity to be sure the candidate is really the best fit for the position. You can also consider advertising job openings in your local newspapers or online through job boards such as Indeed.

Of course, the best talent will be in the highest demand. You can attract them to your firm with special incentives. Whatever your industry, be aware of standard pay rates and benefits and try to provide your workforce with a competitive plan. You should additionally strive to foster a friendly company culture among management and personnel.

Know What You’re Looking For

When formulating a job description, you should have a list of clear expectations for your ideal applicant. Then, be sure you make these requirements clear going forward. Transparency about your needs will spare you a lot of struggle during the hiring process. Potential employees will also appreciate your precision.

Today’s competitive job market presents challenges for both workers and their bosses. Having a good strategy from the start gives you the best chance of scoring the best staffers.

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How to trade the after-market movers

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What you need to know about after-hours trading in India 

After-hours trading means the trading of stocks and derivatives after normal work hours. Share markets worldwide usually operate between 9 am and 4 pm. However, with the availability of the internet, the online share market can be accessed 24 hours. 

Why are after-market hours required?

At the time of closing of trade, some traders may be waiting to get in or out of positions. This may happen for larger stocks with high transaction volumes per day. Stocks with lower trading volumes do not figure in after-hours trading. 

Often, many business and government decisions are declared after closing hours. Companies too declare their earnings in the after-hours at times. The markets tend to be affected by such news. Thus, traders might decide to invest in share market, sell existing holdings, or try to gain a first-mover advantage over their competitors after hearing the news.

After-hours trading gives people the time to trade and invest in the share market at their convenience. If you haven’t traded before, start by opening an account with a reliable broker like Kotak Securities.

How to trade during after-market hours

The trading strategies employed during after-market hours are mostly the same as those used during normal business hours. However, traders might change their strategy depending on market conditions or the current stock trends. 

The basic difference here is that there is no scope for stop loss orders. That is because the price deviations are big, volumes are low, and there are big spreads. Hence, it is prudent to assess your risk-taking ability before venturing into after-hours trading in the online share market.

Pros and cons of after-hours trading

Pros

Cons

Reduced competition: Traders are few and far between.  So, the field is relatively empty.

Less volume: With few traders in the fray, the total volume of trade is also low.

Extended time: You can do this along with a regular day job.

Difficult for individual traders: Most after-hours trading is done by big institutional trading agencies. These companies have a lot of resources at hand, making it difficult for a lone crusader.

Fresh information: New information about stocks and companies are available at this hour.

Large spread: Owing to lower volume, the difference between the bid and ask prices may be huge. Thus, it is difficult to find a favourable price.

Profitable pricing: The market may be volatile, but a seasoned trader will find suitable prices to cash in on.

Price fluctuations: After-hours trade usually sees erratic stock price movements, which makes it easy to lose money.

 

After-hours trading in India

The Securities and Exchange Board of India (SEBI) has only recently allowed after-hours trading for equity derivatives. Here are some changes as a result of this.

  • The working hours of the Indian stock market are now at par with international markets.
  • Brokers have to adopt the new schedule and reassess their risk, strategies, and workforce. 
  • The extended time frame allows the Indian investor more opportunities