“I only trade long”

Most people look to profit from rising prices which is fine so long as prices just rise. But we know they don’t always rise. They rise and fall, to differing extents within differing trends over differing time horizons. That’s what presents the markets with multiple trading opportunities day in day out. Having all your eggs in a Long basket can be a risky strategy if markets take a turn for the worse, even more so if you’re overleveraged.

Another benefit of CFDs is the ability to trade both Long and Short. This allows you to profit from rises AND falls in share prices. Identifying prices which may be set to fall can help you hedge/balance your portfolio, making it less prone to suffering big losses when the markets turn down. However, note that while a share price can only fall as far as zero, they can in theory rise to infinity. This means that Short trading is a more risky option in terms of worst case scenario, especially where stop losses are ignored.

Get Real

Don’t get enticed by get-rich-quick schemes promising trading strategies that will double your money in a short time period. While theoretically possible, the majority unfortunately tend to involve a seminar (for a fee of course) designed to sell you a book (for a fee of course) which will focus on you trading big, often and with maximum leverage. This is fine so long as you appreciate the risk involved.

Anyway, if said strategies were that good and so successful, why is someone needing to supplement their income by offering fee paying seminars? Why aren’t they trading from a deckchair on some paradise island? Be realistic, there’s no such thing as a free lunch. There is no magic formula, but there is a world of trading opportunities.

Furthermore, starting off with a £10,000 account and expecting to generate a secondary income of £100,000 per annum is unlikely to happen. While objectives and goals are important, they also need to be realistic.

Finally, Enjoy yourself!

Technological advances have opened up share trading and in many cases put the retail trader on an even keel with Square Mile professionals. Platforms are now sophisticated enough to allow DMA (direct market access) pricing meaning you get a better deal as well as allowing the placing of future time and price dependent orders. Furthermore, charting packages have come a long with their flexibility and technical indicators and news feeds now allow you to keep up right up to date with the markets, abreast of what news is moving who and by how much. Make the most of this situation and enjoy yourself.

The Accendo approach – what’s different?

At Accendo Markets we don’t tell you what to do. It’s your call whether you buy or sell. Our aim is to provide the help you need highlighting opportunities which may be profitable to you, the trader, and assist you in making trading decisions which can benefit from the use of leveraged instruments.

Our approach focuses on 3 elements below;

Our unique and award-winning service provides you with the help and tools you need to make appropriate trading decisions in the financial markets, both to grow and protect your capital.

Before taking a position in the markets, be sure to contact Accendo for…

• Updates – How do things look in terms of investor sentiment?
• What’s going on in the markets and round the world?
• News and broker updates emerge daily affecting prices.
• How to use CFDs and Spread Bets to maximise your profit potential.
• How to use the tools available to minimise the risk involved