Thursday, 30 January 2014

Trade Of The Week Review - Does Marketdeal's Trade Of The Week Really Work?

By Dale McKinney


Recently, the guys at TradingPub came up with a Trade of the Week service. If you want to know more about this service, you've come to the right place. Trade of the Week can help you a lot with trading. This particular service goes into detail of various mechanics of different financial markets in the world. It also places a lot of emphasis on the significance of finding appropriate 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 an exceptional place to find some of the best traders in the world.

MarketDeal's Trade of the Week Service - Goals & Objectives

TradingPub's basic idea is to provide a specific platform to traders who want to join the website and give them access to free trading education offered by some of the top traders in the world. MarketDeal's Trade of the Week subscribers can easily put their resources online. Other subscribers can access these ideas within the community, and even exchange information with other members to stay updated. While creating this website for traders, the owners focused on three key objectives. The primary objective of the website is to provide coaching and education by the best traders. The second objective is to ensure the development of a community to make sure trading always remains enjoyable. Last but not the least, the third objective is to donate 10% of the revenue from the website to various charitable causes.

MarketDeal's Trade of the Week Service - Trading Coaches & Markets

There are a total of twenty coaches in this service, and they cover more than 5 trading topics in the financial markets. Some of these markets include the Nadex, Forex, options, futures, stocks and even details of market psychology. Larry Gaines covers the concept of Power Cycle Trading, Dave Aquino, Chris Dunn, Rick Staiton, Bill Costarides will cover futures trading, Ron Haydt and Andrew Keene on options trading and Frank Stanley goes into the topic of 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?

Since trading is fundamentally an emotional activity, there is a major drawback to almost every trading system. 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.

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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