There are many people around the world that are finding it tough financially. With the present state of the economy the stress of finances is enormous. Many people are looking for free financial tips so that they can get back on track financially. You may be interested in this article if you are looking for financial advice.There's no such thing as a free lunch, and that especially applies to supposedly free financial advice. Here's how to spot them so you don't get stung.


Friday 31 January 2014

Trade Of The Week Review - Is Tradingpub's Trade Of The Week Scam?

By Dale McKinney


Do you want to learn more about the Trade of the Week service from the guys at TradingPub and how they can help you with your trading? This service goes into detail on the mechanics of many of the financial markets in the world, and places high emphasis on the importance of finding the right type of markets to trade. Hence, it is the main reason why some people can trade profitably on specific markets, yet find it difficult to teach it to others because of their own personal differences. TradingPub is also the place where I am able to find the best traders to learn from since joining.

What is the Goal of TradingPub's Trade of the Week Service?

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. While creating this website for traders, the owners focused on three key objectives. 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.

Who Are the Trading Coaches in MarketDeal's Trade of the Week and Which Markets Are Traded

In this service, there are 20 different trading coaches. These coaches cover over 5 trading topics in the financial markets. Some of these markets include the Nadex, Forex, options, futures, stocks and even details of market psychology. While Larry Gaines covers the basic concept of Power Cycle Trading, Rick Stainton, Chris Dunn, Bill Costarides and Dave Aquino will cover futures trading. Similarly, while Andrew Keene and Ron Haydt will cover options trading, Frank Stanley will talk about market psychology. All the traders mentioned in this post have their own reputed trading training websites. Therefore, access to their skills and knowledge on a single platform can be a very valuable option.

What is the Biggest Drawback of MarketDeal's Trade of the Week?

Because trading is an emotional activity, one of the main drawbacks of following trading systems is that one could always get emotionally caught up, enjoy a long run winning trades and forget the fundamentals of trading. Many traders who get caught up will increase the size of their trades, and winning these trades make it even worse since they will be even more inclined to increase their trade sizes further. Soon, emotionally affected traders begin increasing their stop loss sizes to try to make more money, go after the wrong trades and make a whole host of other mistakes. Thus, it is important to always remember to keep money management as a priority even as you follow the 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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