Alfa Financials

Trading for a Living Is a Good Idea or Not? On the face of it, trading for a living is easier said than done. However, it is entirely doable with the right approach and mindset. The stories that we keep hearing every now and then about forex millionaires are not hearsay but very relatable and about real-life traders. Of course, currency trading is not a get-rich-quick scheme, is fraught with risks and requires patience, discipline & tenacity. The forex market is the largest financial market worldwide offering maximum liquidity to investors. So, if you do the required legwork and research eventually you can switch to fulltime trading by leaving your day job and may even be able to sustain your livelihood through it. The journey won't be a smooth one, there will be bumps and setbacks, false starts and disappointments galore. But you must have what it takes or in other words possess an indomitable never-say-die spirit. Becoming a millionaire overnight is rare or maintainin...

3 Trending Forex Signals That Can Bring You Success in Trading It's a truism that following trends provides the much-needed edge to any forex trading plan or strategy. Hence the popular saying goes, "The trend is your friend". Investors study particular trends and take their positions based on the dominant trend while disregarding any trades that contradict it. However, there is no single indicator that can guarantee you a cent percent success in your trades. Currency trading often involves other important aspects such as risk management and your trading disposition & style as well. Having said that, there are a few useful and widely-practiced indicators employed by most traders to identify trading opportunities. At best indicators should be used as a reference and to postulate all your trades based on a signal from one indicator may prove to be detrimental to your trades. Thus, you cannot depend on them as the ultimate trading approach. Let's now discuss s...

Ten Important Factors Why You Should Trade Forex With Alfa Financials Millions of investors choosing to trade forex are always striving for the best trading conditions, superior execution, and transparent pricing. Alfa Financial conforms to all these superior standards and more. With us what you see is what you get. Here are the top 10 reasons on why you will never have to lose out on another opportunity again by trading with us:   1. Regulation- There are white sheep and black sheep in every field. Thus it is important to do a background check before choosing your broker. Alfa Financial is a licensed broker committed to transparency and fair trading practices. We are under the strict oversight of the Central Bank of the U.A.E., Dubai Chamber of Commerce and Industry and the Economic Department of Dubai since 1993.   2. Leverage of up to 100: 1- Alfa Financial through its authorized clearing firms grants you leverage of up to 1:100 to capitalize on your trading flex...

5 Reasons Why Your Constant Practice in Forex Trading Is Not Effective There is no set formula for trading successfully. However, success in your trades depends to a great extent on proper analysis and implementation. Because of FX trading’s easy accessibility and popular appeal-24/5 sessions, leverage and low cost your profit potential is unlimited. However, you can also lose money very fast by trading forex with one miscalculated or wrong move. Let's take a look at 5 factors why your constant practice in forex trading is not effective: 1. Not Treating Trading as a Business:  You should treat forex trading as merely another business. Just as any business has its own share of risk, uncertainty, ups and downs, gains and losses-these things are a part and parcel in forex trading too. Thus, you should totally curb your emotions and approach your trades with a clear & focused mindset. Also, remember you cannot become successful overnight. Unless you do this you cannot put...

Embrace Your Forex Losses | Alfa Financials Many traders lose money in forex trading and feeling disheartened they quit trading altogether. But quitters can never be winners. You have got to learn to accept the fact that losses are inevitable and you have got to deal with them and control them. It is only by embracing your failures and learning from your mistakes that you can move forward. Don't Lose Your Composure:  Many newbies end up blowing their forex trading account following a string of consecutive losses. As a result, most of them put a full stop to their trading career then and there. But professional traders remain unruffled by losses and curb them through proper risk management. You must stay calm and composed even in the face of failures and patiently wait for your next market opportunity. Know the Basics:  In order to trade successfully, you need to learn as much as you can about the markets. Develop a strong knowledge of the fundamentals in order to...

Tips and Tricks to Secure Your Trade Account Balance INTRODUCTION The primary element while initiating a trade is Capital, experienced or a novice is all secondary. Hence the priority concern of a trader should be to understand how to secure the account balance to remain alive in the market. Along with learning the do's and don’ts of trading, it is equally important to realize that whatever skills you acquire is meaningless unless you get the opportunity to apply it in the real world of trading that can yield you profit. Therefore implement your wittiness in probing the real cause expending your account balance. IMPORTANCE OF MAINTAINING ACCOUNT BALANCE Concentrating on learning, how to trade is one of the primary aspects a trader must follow and besides that, the importance of maintaining & securing ones account balance is equally essential for a trader to understand. It will enable you to manage your trades when you grow as a trader. As a beginner in the field of...

Reasons Why Your Forex Profitability Is Limited Being consistently successful in forex trading is easier said than done. Most newbies have a tough time in trying to gain a foothold in the currency market. There can be several reasons as to why we may be unsuccessful or factors which restrict our profitability. For instance, our interpretation and analysis of technical indicators may be faulty or we can go amiss with our speculations. Let's take a look at a few common causes which may impede our progress: 1.Over-reliance on Indicators & Trading Robots:  It is very important for traders to be in-tune with the market. Majority of traders in their search for the Holy Grail of trading experiment with every new trading robot, software or EA available in the market and eventually end up with a simplistic approach or quit trading altogether. However, in order to make a mark as a successful trader, you need to be able to interpret pure price action. No artificial software or c...