Overtrading

 

Many new traders are so eager to profit from the market that they usually trade just for the sake of trading. Again, this exposes you to greater risk, without the commensurate rewards. Trade when you feel that there’s a good opportunity. Don’t trade for the heck of it.

Forex trading: Fighting your emotions

Forex trading involves many emotions. These emotions include greed and fear, the two biggest culprits when it comes to emotional trading losses. Green happens when you try to take advantage of previous profits, despite indicators that warn of probable losses.

Forex Trading Guidelines

There’s no sugarcoating the facts: forex trading WILL be a grind. You’ll probably start out either on the losing end or making small, barely noticeable gains. But before you start, here are some very important guidelines to help you.

MetisEtrade: The Filipino forex company

One of the most important decisions you will make before you enter the forex market is your choice of broker. As your main link to the market, a forex broker acts as your business partner and your guide. Today, you can choose from any number of brokers in any part of the world. The internet has solved the problem of geography, and signing up for a forex trading account is as easy as filling out forms. 

However, going with an international online broker brings its own set of disadvantages. International brokers are usually registered under their home country, so they’re not covered by Philippine regulations.

Take for example, the Swiss National Bank fiasco. Last month, the SNB announced the removal of price caps that kept the exchange rate between the Swiss Franc and the Euro stable.  A large number of forex brokers were affected as a result, including some of the largest brokers in the world. 

As an investment option, forex trading is inherently high risk and high reward. For that reason, it is very important to have the proper regulations in place, to help protect against whatever potential problems may arise. 

MetisEtrade is the only broker registered with the Bangkong Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC). With MetisEtrade, you combine the convenience of an online broker with the security of a duly regulated financial company. 

In addition to brokerage services, MetisEtrade also offers free seminars to their clients that aim to educate the Philippine investor on the nature of the forex market. The company employs financial advisors who can mentor their clients on the proper way of trading. That’s more than you can say for any other local broker.

With MetisEtrade, you’re gaining a partner uniquely tailored to the Filipino investor.

Risk in Forex trading

MetisEtrade Inc. Member's Area

At MetisEtrade, it is our commitment to assure your power to control your forex trading business.
The Member’s Login Page is a technology-driven service of MetisEtrade that provides convenient, accessible and secure online account management feature exclusively for our valued clients.

Hassle-free service at your fingertips. It’s MetisEtrade convenience beyond the trading box.

Log on to http://membersarea.metisetrade.com/ to access your MetisEtrade account.

Money Matters

We’ve all read about how the Philippine economy is on the rise with impressive growth and more foreign investments. But how much of that really affects the average Juan de la Cruz?

Skeptics will point out that true inclusive economic growth has yet to be achieved. And while this may be true, it’s also undeniable that many Filipinos find themselves with a lot more disposable income than before. Just look at the number of people in your nearest mall during a weekend sale.

My point is that people have a lot more money these days.