Tuesday, 19 February 2019

Quote for the day

“A reasonable probability is the only certainty.”– E.W. Howe

Sunday, 17 February 2019

Quote for the day

“Knowledge is something which you can use. Belief is something which uses you.” - Idries Shah

Saturday, 16 February 2019

Quote for the day

“I believe in intuition and inspiration. Imagination is more important than knowledge. For knowledge is limited, whereas imagination embraces the entire world, stimulating progress, giving birth to evolution. It is, strictly speaking, a real factor in scientific research.” - Albert Einstein

Wednesday, 13 February 2019

Buy and Sell Exchange Rates - 13-Feb-2019

Source: CBSL

Colombo Stock Exchange Trade Summary 13-Feb-2019

Quote for the day

"Fairy tales are more than true: not because they tell us that dragons exist, but because they tell us that dragons can be beaten." - Neil Gaiman

Monday, 11 February 2019

Buy and Sell Exchange Rates - 11-Feb-2019

Source: CBSL

Colombo Stock Exchange Trade Summary 11-Feb-2019

Quote for the day

“It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things.” - Leonardo Da Vinci

Sunday, 10 February 2019

Quote for the day

“Would you like me to give you a formula for success? It’s quite simple, really: Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.” - Thomas J. Watson

Saturday, 9 February 2019

Quote for the day

“Those who dare to fail miserably can achieve greatly.” - John F. Kennedy

Wednesday, 6 February 2019

Buy and Sell Exchange Rates - 06-Feb-2019

Source: CBSL

Colombo Stock Exchange Trade Summary 06-Feb-2019

Quote for the day

"Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude." - Thomas Jefferson

Monday, 4 February 2019

Quote for the day

"The past cannot be changed. The future is yet in your power." - Mary Pickford

Sunday, 3 February 2019

Quote for the day

"I’d rather regret the things I’ve done than regret the things I haven’t done." - Lucille Ball 

Saturday, 2 February 2019

Quote for the day

"The intelligent man is one who has successfully fulfilled many accomplishments, and is yet willing to learn more." - Ed Parker

Friday, 1 February 2019

Buy and Sell Exchange Rates - 01-Feb-2019

Source: CBSL

Colombo Stock Exchange Trade Summary 01-Feb-2019

Quote for the day

"Success comes to those who dedicate everything to their passion in life. To be successful, it is also very important to be humble and never let fame or money travel to your head." - A. R. Rahman

Thursday, 31 January 2019

Buy and Sell Exchange Rates - 31-Jan-2019

Source: CBSL

Colombo Stock Exchange Trade Summary 31-Jan-2019

Quote for the day

"Don't argue for other people's weaknesses. Don't argue for your own. When you make a mistake, admit it, correct it, and learn from it--immediately." - Stephen Covey

Wednesday, 30 January 2019

Sunday, 27 January 2019

What Personality Traits Do You Need to Be a Successful Trader?

By Boris Dzhingarov

When you first start trading, you’ll find there are tons of resources out there. While this can be a good thing, it can also become quite overwhelming. In order to be a successful trader, you need a mix of knowledge and the right personality traits to succeed. All the knowledge in the world won’t help you if you’re impatient and blow your money quickly. In this article, we’re going to look at the personality traits you need

Discipline

As described on Engine Forex, discipline is key if you want to be a successful trader. Many traders are guilty of being undisciplined, but the majority of these won’t last long. The main culprits are what those in the industry call ‘system jumpers’. This means that they create a system but the second it stops working, they switch to a new system. This is a bad idea as you need to try your system for a minimum of 30 days to see whether it is working for you or not. Bad trades are common, but you won’t know whether that’s down to the system or not if you only use it for a week.

Patience

Can you sit on your hands and force yourself not to act? Can you remain calm and collected even when your trades appear to be collapsing? If so, you have one of the most important traits traders need. Trading can be likened to a marathon; not a sprint. You need to be willing to research, assess the trades you’re considering, and trade without rushing. It is very unlikely that you will make millions of dollars on your first trade, so you need to be prepared to go into it for the long haul. The best traders are not those who are willing to place a high-risk stake, but those who are consistent over the long term.
Self Confidence

While copy-trading is a good strategy for those starting out in trading, long term you need to have self-confidence in your own trades, and your knowledge. Self-confidence isn’t something that every trader has from the outset, but it is something that can be learned over time. Start out by learning the basics and sign up to some trading news outlets. Try to avoid traders and news outlets that like to speculate without any facts behind them and feel confident in your own analysis. Yes, sometimes you will get it wrong, but you’ll learn why and how to avoid your mistakes in the future. If you review your trades at the end of each day/week, do your own analysis, listen to news as it hits the market, and even perform some practice trades, you’ll find your self-confidence builds. Rely on this, not other people.

Trading is not a career that suits everyone, but if you have discipline, patience and self-confidence, you may find it is the perfect career choice for you.
Source:www marketoracle.co.uk

Quote for the day

"An average person with average talent, ambition and education, can outstrip the most brilliant genius in our society, if that person has clear, focused goals." - Brian Trac

Saturday, 26 January 2019

Quote for the day

"All business proceeds on beliefs, or judgments of probabilities, and not on certainties." - William Hewlett