Sunday 26 January 2014

Trade Of The Week Review - Does Marketdeal's Trade Of The Week Really Work?

By Dale McKinney


Recently, the guys at TradingPub came up with a Trade of the Week service. If you want to know more about this service, you've come to the right place. Trade of the Week can help you a lot with trading. This particular service goes into detail of various mechanics of different financial markets in the world. It also places a lot of emphasis on the significance of finding appropriate markets to trade. Therefore, this is the primary reason why some people can trade profitably in some markets, while fail to achieve good results in other markets. TradingPub is also an exceptional place to find some of the best traders in the world.

MarketDeal's Trade of the Week Service - Goals & Objectives

The whole idea of this site is to provide traders who join its site access to free trading education and access to the ideas provided by the top traders. By putting their resources online, MarketDeal's Trade of the Week subscribers can make use of the web to access these ideas, have a community to exchange ideas with and get up-to-date trading ideas. Three key objectives were set by its owners when creating this site. The first main objective is to provide coaching by the top traders, second is to ensure there is a community to make sure trading remains enjoyable, and lastly, 10% of all revenues generated from the site are donated to charitable causes.

MarketDeal's Trade of the Week Service - Trading Coaches & Markets

There are a total of twenty coaches in this service, and they cover more than 5 trading topics in the financial markts. These markets include the Nadex, options, stocks, Forex, futures and also goes into details of market psychology. Larry Gaines covers the concept of Power Cycle Trading, Dave Aquino, Chris Dunn, Rick Staiton, Bill Costarides will cover futures trading, Ron Haydt and Andrew Keene on options trading and Frank Stanley goes into the topic of market psychology. All these traders do in fact have their own reputable trading training sites, thus having access to this site really gives me great value in my opinion.

MarketDeal's Trade of the Week - One Major Drawback

Since trading is fundamentally an emotional activity, there is a major drawback to almost every trading system. A trader can easily get emotionally caught up. He may enjoy a winning streak and forget the basics of trading. Most of the traders who get emotionally caught up increase the size of their trades. Therefore, with every win, they are more inclined to increasing the size of their trades.

It's not long before such traders start increasing stop loss size to make more money. They even go after wrong trades, and make many other mistakes. Thus, it is extremely important to make money management your foremost priority. In case you want to join this service, you can start with once a week free training session. This will get you easy access to the company's membership website. You will also be able to watch previous training sessions, and check if the trading methods suit your style.




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