Getting Started
"Learn and Train before you start to Trade"
TradingCenter provides essential information and tools for trading the global financial markets, that includes a wide variety of educational resources, unique trading research, trading signals, trading reviews, and much more...
1. LEARNING SECTION
Market conditions in the global financial markets change by the day, nevertheless, some rules are always valid.
As a general rule, you must always think like an investor and act as a trader.
- Think like an investor → by using fundamental analysis
- Act like a trader → by using technical analysis
All investment decisions should be based on fundamentals, however, the time and price to enter particular positions should be based on technical analysis.
► The Technical Analysis Guide
Fundamental vs Technical Analysis
In a sense, fundamental analysis forms the ‘brains’ of the market and technical analysis reflects market psychology. Fundamental analysis aims to identify fair value and profitable trades, while technical analysis focuses on identifying the right timing for making entries.
Fundamentals tell you where to go, while technical analysis tells you when to depart and when to get out of the train.
Fundamentals are more important in the long term, while technical analysis is more important in the short term. Both types of analysis are useful to make the right trading decisions.
► More about Fundamental Analysis | ► More about Technical Analysis
More Resources in the TradingCenter's Learning Section
Custom Technical Analysis by TradingCenter
- Introducing RSI Precision (Enhanced RSI tool)
- PriceMomentum Chart: A New Perspective to Chart Analysis
- TCI System
- ΔMP & Σ(ΔMP) Indicators
2. TRAINING SECTION
Training hard
before start trading is absolutely essential.
Seeking a Personal Advantage
Before you start trading, you should think of yourself and seek an “advantage”. A trading advantage may originate mainly from three sources:
(1) Theoretical knowledge and related-to-trading experience
(2) Current informational level
(3) An advantage deriving from your personality
Personality advantages are formed by characteristics like discipline, patience, fast learning, and researching talent. If you don’t have at least one of all the above-mentioned advantages is better never to start trading. If you start trading without any advantage you will end up joining the majority of retail traders who eventually lose their money in the long term. If you do have at least one advantage then you might beat the market in the long run.
Categories of Training Resources
The Training Section of TradingCenter includes a great variety of resources:
- Identifying Chart Patterns
- Harmonic Patterns
- The Leverage Formula
- ΔMP and Σ(ΔMP) Indicators
- Trading Center Indicator (TCI)
- Trading Rules
- Trading Books and Seminars
3. TRADING SECTION
Profitable trading is possible if you are following continuously some important trading rules. As a start, you must define your unique trading profile and choose a trading strategy. Then you must implement this strategy with reliability, discipline, and clear decisions. When you start trading you should always keep in mind that you should always diversify your trading positions and hedge against all incorporated risks.
- Trade Strategy
- Diversification
- Risk Management
The Trading Triangle and the Correlation between Time, Return, and Risk
This is the Trading Triangle, a simple model that is valid for all traders, and all financial markets. If you push one side of the triangle the other two sides are widened and actually, all sides are automatically adjusted to a new balance where the total effect is always neutral.
Have this triangle always on your mind and never believe those who are promising high-returns and low-risk in narrow time frames. It is simply impossible.
Stages Towards a Profitable Trading Experience
These are some important rules for each stage:
◘ Stage 1: Prepare to Trade the Markets
(1) Find a good broker by choosing only among regulated companies. You may find a lot of brokerage reviews on Trading Center » Forex Brokers
(2) Focus on a few financial assets and learn how things work for them
(3) Define your trading profile according to your desired exposure to risk
(4) Choose a trading strategy according to that particular profile and implement it with reliability, discipline, and clear decisions
(5) Have always time on your side and never trade money you will need in the future, not for any reason
◘ Stage-2: Start Trading Rules
(6) Gain experience (books, seminars, paper trading, etc.) before you commence trading for real money
(7) Use a Demo/Practice Account before switching to a Real Account
(8) Choose an account type that fits your needs, if you are a beginner open a micro-lot account. If you are a semi-advanced trader open a mini-lot account and then move to a standard-lot account
◘ Stage-3: Never-Ending Trading Rules
(9) Use money management (MM) to control your risk, and trade setups to enter/exit the market
(10) Diversification is always important no matter if you are a long-term investor or an intraday trader. Diversify your portfolio in terms of different asset classes, different assets, and different currencies. Manage your portfolio risk in an overall approach and do not treat risk individually
(11) Run your profits and cut your losses. Most professional traders make their income only by 20% of their positions. Use trailing stops to ensure your profits and stop-loss orders to limit your losses
Trading Signals
TradingCenter offers also free trading signals based on our proprietary indicators. What distinguishes our trading signals from others is that we don't follow exclusively regular practices. We have developed our technical analysis system, which is called Trading Center Indicator (TCI). TCI is a model based on 2-moving averages and provides a unique feature for targeting not only price levels but also future time frames (specific dates to trade).
4. REVIEWS SECTION
In Trading Center you will be able to find numerous reviews regarding world brokerage services. What distinguishes our reviews from others is the use of our unique Rating Brokers Formula.
Rating Formula -The Need for a 100% Objective Rating Framework
The series of Rating Formulas by TradingCenter represents a brand new way of rating financial services. Most ratings found on the internet today are made by users (User Ratings). Based on research, more than half (50%) of these user ratings are fake. Brokerage companies have a huge incentive to hire outsiders to rate them favorably and rate their competitors unfavorably. The series of the Rating Formula is designed to solve that problem by providing a 100% objective framework for rating Financial Services (Brokers). The Rating Formula v5.0 is developed to rate Forex Brokers using some innovative features.
► Start Reviewing Here | ► Forex Rating Formula 5.0
◘ Getting Started
Giorgos Protonotarios, for Trading Center
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