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Sam Boughedda

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Sam Boughedda last won the day on June 2 2020

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  1. Hi Ntokozo, While I can't tell you whether to close or open a trade, you should never be holding in hope. Capital preservation is key. Of course, given the mysterious workings of the market, whatever you do will end up feeling like the wrong decision, that's just the way it goes sometimes. My suggestion would be to go away and analyse every aspect of how you are trading. How many times have you been faked out and price goes against you? How many times does it hit your "demand zones," and when it does, does it usually continue falling or does it result in a bounce? if so how many times does that happen etc etc. Analyse every aspect of the data you have, and look at other data and assess further patterns you may have recognised. In addition, look at whether there are aspects you may need to consider (maybe don't trade around significant data releases or maybe the mornings or evenings are when you have your worst days). Edgewonk is a great journal to use to track this sort of data. I could go on as there are so many aspects to consider. But my point is, when you place a position, you should know what to do in every scenario (based on the data you have accumulated). Going back to your initial question, a very well respected trader tweeted recently: "Capital is king. Respect this and preserve it at all times." I hope this helps
  2. The short answer is yes. However, there are caveats to this… CFD trading is not easy and it takes work, perseverance and continuous learning to become consistently profitable. CFD trading has to be treated as a business, and if you approach it with the right attitude, knowledge, and perseverance then it can be a lucrative business indeed. There are many individual traders that make their money from CFD trading every day, and a lot of them did not start their careers in the financial markets. So, you can definitely make money, as long as you are willing to put in the time and effort.
  3. CFD stands for contract for difference. It is a contract between you, the trader and your broker that pays the difference in the settlement price between the opening and closing of the trades you take. With CFD trading you are essentially speculating on the direction of price movements, as you do not own the underlying asset that you are trading.
  4. Hi Ali In short no… Trading is about putting odds in your favour. Think of it as a business, if I buy 100 t-shirts from a supplier tomorrow with the intention to immediately start selling them and I don’t have a website, marketing strategy, or any idea on the actual value of these t-shirts, then I am just gambling on the fact I think I can sell them. But, if I first build a strategy to sell them, set up social media accounts, an eCommerce website, understand the costs associated with running the business and understand my market then I have a business that I am invested in. Of course, there is more to it than that, but you get the idea... CFD trading is the same. If you understand your business, the market place you operate in, who you are dealing with (CFD brokers), the costs associated with CFD trading and have a strategy that gives you a defined edge in the market, then you have a business plan. The money you put in is merely an investment in to your business.
  5. Hey Rockey... First of all it depends on where you are based. Spread betting is only available to UK and Ireland residents. CFDs are available globally. If you are in the UK or Ireland then I would suggest spread betting. As long as it is not your full time job the profits (if you are profitable) are not liable for capital gains tax. When trading them there is no real difference. On both you do not own the underlying asset snd you are merely speculating on price. If you have any more questions let me know:)
  6. Hi Sher Safeoption24 look as though they are a scam. I noticed their website said they were regulated by CySEC under the name blue port investment service, but that company shows no affiliation to safeoption24. I also looked at customer reviews and they all wanted against, saying they are a scam... My advice to you would be to avoid them! Hugosway also look like they are a scam. They do not mention any regulation which is obviously a big red flag. They also have a lot of terrible reviews and so I think its better to avoid them as well. If you are looking for a broker I would suggest checking out our reviews here - https://www.asktraders.com/broker/forex/ Whichever broker you choose make sure they are regulated in your region. If you have any other questions just ask
  7. Hi Bardur. I have just taken a look, or tried to take a look at their website and it seems it has been suspended like you said. This is going to be tricky because as far as I can see they are an unregulated broker and have completely dissappeared. I found this online about them - https://www.bcsc.bc.ca/Enforcement/Investment_Caution_List/iqtrade24,_operated_by_B_O__Tradefinancials_Ltd_/ and https://thebestbinaryoptionsbrokers.net/warning-iqtrade24-is-an-illegal-broker-review The only suggestion I have for you is to contact them via their facebook page to see if you get a response... but I doubt they will. The only other thing I can suggest is trying to speak to your bank and tell them it was a scam... or contact the relevant financial authority in your region to see if they can help. Im sorry your having to deal with this, if you have any more questions please just ask.
  8. Sam Boughedda


    Why did the pair surge higher?
  9. Hi Penninah There are different etf's available depending on what you want to trade. For example if you wanted to invest in the gold market, you could invest in the SPDR Gold shares (GLD). There is also another etf for tracking S&P 500 stock and loads more.
  10. Sam Boughedda


    Why has the AUD risen when their economy is not going well? I.e housing market
  11. Will we see strength in the USD after a bad nfp? because its a haven. or will the bad data in the US make people move to others like the JPY?
  12. Does anyone have a strategy on how to trade this? or is it even good to trade the news release?
  13. I think we will see gold sell off. probably to cover margin calls again. like last time it sold off when there was market risks.
  14. Sam Boughedda


    If we are in a risk off market, why is the USD getting sold off so much?
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