{"id":91,"date":"2009-09-29T13:21:03","date_gmt":"2009-09-29T12:21:03","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=91"},"modified":"2009-09-29T13:21:03","modified_gmt":"2009-09-29T12:21:03","slug":"why-use-futurestechs","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2009\/09\/29\/why-use-futurestechs\/","title":{"rendered":"Why use FuturesTechs?"},"content":{"rendered":"

Whether you are Spread Betting, trading CFD\u2019s, or trading DMA Futures, you need an edge. <\/strong><\/span><\/p>\n

Trading is tough, and managing your emotions is one of the toughest things you will have to learn in order to make a success of trading for a living.<\/p>\n

The human brain is wired up all wrong for trading, in fact.<\/strong><\/span><\/p>\n

By nature we will take a profit too early (GREED<\/strong> kicks in and we snaffle up the winnings on the table), whereas if a trade goes into the red we won\u2019t get out. Instead we\u2019ll start to cross our fingers and hope that it comes back. As the trade goes further into the red pride gets in the way even more, and we allow the situation to get even worse. We FEAR<\/strong> booking a loss, and seeing that loss crystallise on our account, so we sit tight even more (or even worse we add to the losing position), waiting for it to come back (actually HOPING it will come back), except it probably won\u2019t.<\/p>\n

\u201cThe first cut is the cheapest\u201d is a phrase commonly used by Professional Traders. When I go into my professional clients\u2019 trading rooms I see stickers on traders\u2019 screens with phrases like \u201cget out of bad trades\u201d and \u201crun the winners\u201d.<\/p>\n

To become a successful trader you need to rewire your brain<\/strong><\/span> almost, and teach yourself to have the DISCIPLINE to get out of bad trades early on, and run the good trades as long as possible.<\/p>\n

How can you do this? <\/strong>By using the charts.<\/strong><\/span><\/p>\n

You can use Technical Analysis to:<\/p>\n