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The latest blog from the team at Forex Maximiser provides a look into the ‘Four Essential Tips - Building Your Financial Portfolio In 2014’
Citation preview
The beginning of a New Year always seems to be
a catalyst for many people to change or improve
an aspect of their life. Whether you wish to
improve your career prospects, lose weight or find
that dream relationship – there are so many
examples to list. Just do a search online and you
will find an abundance of tools and resources in e-
book format and online training available from
specialist service providers, offering ‘the solution’
for your requirement or need.
As a financial trader there may be aspects of your trading you would like to improve in 2014. We believe that reflecting on your trading strategies and results obtained in 2013 will be a good starting point to help you
ensure that you are prepared and equipped to successfully build your financial portfolio in 2014.
For example, do you have a problem staying on top of everything? Then it may pay you to remember the following quote ‘a failure to plan, is a plan to fail’ Financial trading is a journey, no quick fixes, it takes drive, determination, ability to analyse, take risks and make decisions rapidly. Bear this in mind as you
continue on your quest.
‘The team at Forex Maximiser have come up
with four easy to remember points aimed with helping you reflect where you are and
deciding where you want to be’
Four Essential Tips - Building Your Financial Portfolio In
2014
1. Set realistic financial goals for your portfolio (Remember your goal can be too little or too large). If your goal doesn’t make you feel challenged or if it makes you feel overwhelmed then it is very likely that it needs to be changed. Setting realistic goals are instrumental in ensuring that you can plan where you are going, effectively; goals also help keep you focussed and as a result you are more likely to make worthwhile decisions about potential trades. An easy principle to remember is simply; the more accurate and profitable trades you complete, the closer
you get to reach your financial dream;
2. Review your financial goals against your trading results. It is advisable for you to review your overall goal against your progress. Put time aside periodically so you can ‘review the overall picture’ and make changes where necessary. For example, if you have almost reached your financial goal, then you can increase the amount you wish to achieve. Similarly if you are losing trades and your profit is decreasing, having an exit plan and sticking to it is just as important as having a profit plan;
3. Get independent advice and opinions. If you are using an online broker, then you should be able to get independent advice, on a no cost
basis.
Additionally, ‘picking the brains’ of any friends who work in the financial sector can be of benefit at this time
Specialist blogs and forums serve as a source of free and sometimes unrivalled information and insight to the latest trends and commentary from other worldwide traders, giving you a global perspective before you make any final
decisions.
Knowledge is Power; this power provides you with opportunities to become a better
trader and increase your profits; and
4. Training. The fourth and final point brings to mind the further learning which you can undertake to increase your knowledge of new trading strategies or of the latest techniques; again a good starting point may be advice from your online broker, or from friends who work in
the financial trading sector.
There are also a number specialist blogs and forums where traders from around the globe share their ideas and opinions with like minded
individuals, free of charge.
Finally, you can also search online for specialist trader training companies, who offer courses covering techniques and principles at beginner, intermediate and
advanced level.
Forex Maximiser is an online resource featuring the latest trading offers, resources and training to help financial traders and investors reach their financial dreams. Visit our website at http://www.forexmaximiser.com Visit our blog at http://www.forexmaximiser.blogspot.com The Forex Maximiser website contains links to other sites. Please be aware that we are not responsible for the privacy practices
of such other sites. Therefore we encourage our users to read the privacy statements of each and every web site that collects
personally identifiable information. By viewing any material or using the information within this website, you agree that it is an
offer to trade or purchase educational material and you will not hold anybody responsible for loss or damages resulting from the
content provided here by “Forex Maximiser”. Trading foreign exchange carries a high level of risk and may not be suitable for
all investors as your trading may result in a substantial or complete loss of funds and there is no guarantee of specific results;
your results can vary therefore you should not invest money that you cannot afford to lose, you can also seek independent advice
from an independent Financial Adviser.