Tag Archives | trade

The Traffic Laws of Trading

 Awww yeah, that would be life. Cruising down the highway in your sleek new ferrari… or maybe not.

ferrari-458_lA few years ago, a driver of a candy red Ferrari Testarossa managed to nail a $290,000 speeding fine while driving 85 mph through a village in Switzerland. In Switzerland, they base their speeding fines off of income, and since this was a repeat offense they were not messing around. After reviewing the case, the court said, “the accused ignored elementary traffic rules with a powerful vehicle out of a pure desire for speed.” That’s a high price to pay because you forgot one of the most basic traffic laws. speed_limit_25_sign

We can all relate to the pit that drops to your stomach when you look in the mirror and see those blue lights flashing. And while most traffic fines aren’t that hefty, just in the United States they generate between $3.8 billion to $5.4 billion a year in revenue.  Now, relate this to your trading. How many times do we let our emotions, or our pure desire to make the trade work, cause us to forget one of the most elementary trading rules-get out of a losing trade. When we get emotionally involved in a losing trade, we get caught-and you’ll end up with a ‘ticket.’ Just like the driver of that candy red Ferrari let his desire to go fast cloud out the danger (and high price) of speeding, we can forget that taking a small loss is better than big one. So just slow down, follow the traffic rules of trading, and have a good day in the market!

Happy Trading!

One way to not get caught in a losing trade is to have  trading plan or a set of rules you follow when you trade. Here’s the link to a couple of our blog posts about having a trading plan.

http://www.apiaryfundblog.com/how-to-form-a-trading-strategy/

http://www.apiaryfundblog.com/take-market-come-top/

http://www.apiaryfundblog.com/our-philosophy-on-success/

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Success on the Field

Superbowl-672x372

Everyone knows that Apiary fund is made of traders, but did you know that we have a professional football player right here in our midst? That’s right. Drafted by the BC Lions in Vancouver, Paul Allen grew up playing ball and decided to play for BYU in 1959.

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In 1961 Paul was a running back and special teams BYU Football player. He holds the record for the longest average punt return yardage. He was a tank whose tenacity and perseverance allowed him to carry the ball an average of 40.1 yards each punt return.

When asked about his success, he said it mainly came because he ran fast-and because he was really scared. Well, we say tongue-in-cheek that it takes a lot more than fear to hold a record like that. He still holds the record, and it has stood for over 50 years. For more information about what the Legacy reward is, click here:http://thejetaward.com/the-jet-award-story/ You can see Paul’s stats at http://byucougars.com/athlete/m-football/paul-allen

 

Paul has brought that same record making tenacity and perseverance that brought him success on the field into his work. He loves helping and developing traders. His patience in seeing the lay of the land both on and off the field has been a great asset to Apiary. Paul has been instrumental in counseling traders, helping them get into funded accounts, and becoming successful in the stock market.

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Good Time to Trade Currency

Currency market open 24 hours, 5 days a week. It starts 17.00 EST on Sunday to 17.00 EST on Friday. Traders can simultaneously trade during those time range. However, it is not wise to trade continuously, as the market does not always show good movement or setup all the time. In general, there are 4 major sessions in currency market (see below)

time

1. Sydney opens 17.00 EST (starts Sunday afternoon EST)

2. Tokyo opens 19.00 EST

3. London opens 03.00 EST

4. New York opens 08.00 EST (closes Friday 17.00 EST)

When the major currency center opens, there are a lot of volume and liquidity. During this active market hours, the market price can move up and down, give traders a chance to trade and make nice profit. During slow time (when currency center closes), the volume and liquidity drop, and the price movement usually goes sideways.
The most favorable time to trade is during London opens. There are at least 6 top bank traders actively trading with 51.78% of market share. The second largest market share happens during New York sessions (27.2%). The Sydney and Tokyo sessions usually do not give high volatility, because the market volume is not as high as London’s.
Other trading opportunity that need to be considered is news events. News events can be schedule (Non Farm, GDP, Unemployment Rate, Interest Rate Decision, etc) and non schedule (natural disaster, war, etc). News events can boost market price to certain direction and it provides traders a great opportunity to make profit too.
In generals, best times to trade is during London hours, New York hours, overlap between London and New York hours, and during news events. Apiary Fund can help you to determine the time zone by using this link :

http://apiaryfund.com/extras/sessions-clock

Source:

http://en.wikipedia.org/wiki/Foreign_exchange_market

http://en.wikipedia.org/wiki/Forex

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