Keeping a CFD trading journal is essential for traders in Australia who want to improve their skills and make better decisions. This guide will help you understand how to effectively maintain a journal, what to include, and how to analyse your trades to become a more successful trader. Key Takeaways A trading journal helps you…
In the world of CFD trading, understanding when to take profits is crucial for success. This article explores various take profit strategies specifically tailored for Australian traders. From technical analysis tools to risk management techniques, we’ll cover essential aspects that can help you make informed decisions and maximise your trading outcomes. Key Takeaways CFD trading…
Position sizing is a crucial aspect of CFD trading, especially for beginners in Australia. It helps traders manage their risk and make informed decisions about how much to invest in each trade. Understanding the right position size can significantly impact your trading success and overall experience. Key Takeaways Position sizing is about deciding how much…
In the world of trading, understanding chart patterns is essential for making informed decisions. This article focuses on basic chart patterns that are particularly relevant for Australian CFD traders. By learning about these patterns, traders can better predict market movements and manage their investments effectively. We will explore support and resistance levels, various continuation and…
In the world of trading, understanding market sentiment is crucial. It helps traders gauge the mood of the market, whether it’s leaning towards optimism or pessimism. This article explores the top sentiment indicators that Australian traders can use to make informed decisions in CFD trading. From the Commitment of Traders report to social media sentiment…
CFD trading, or Contracts for Difference, is a popular method for traders in Australia to engage with financial markets without owning the underlying assets. It allows for speculation on price movements, making it essential for beginners to understand how to manage risks effectively. One key strategy in CFD trading is the use of stop losses,…
