How to make money trading

Have a plan of Success

Now, you have gained your educational training. What next? Get a plan for success. What do you want to trade? When do you want it? How much are you willing to trade at a time? Who can I trade with? Which brokerage platform could my trading style flourish? How many pips could I set for myself in a month? Is this goal realistic? These and many more questions you’ll have to ask yourself.

One of the greatest reason people have failed in forex trading is not so much about not knowing what to do but for lack of plan. Failing to plan is planning to fail. The forex market is not a market you trade without a plan because if you do you will get burned. What is your success strategy? You must plan for your success otherwise your trading becomes erratic and decisions become irrational.

Learn to journey your thoughts. If you intend to place any trade you document it. Why is this important? Win or lose you can always go back to check your assumptions against reality after you exited the position. You don’t learn much from winning but when your poor decision costs you heavily. Without a plan you set yourself up for failure.

[Sigma Contract Specification]

Sigma Forex provide the clients with the lowest spreads in Forex Market for the most traded pairs and Forex spots.

Trading Hours
Sigma Dealing Room operate 24/5 from Sunday 23:00 CET until Friday 23.00 CET.
You Can contact us directly: + 41 435 004 145

Margin Requirements
The margin requirements must be respected by Friday at 23:00 GMT and before holidays.
One of our dealers will contact you if you are below your margin requirements at that time. Your margin requirements will depend on the client's account equity. However, if you approach the level where the loss of your open positions approaches the balance of your account, you will be stopped out and your positions will be closed. Stop positions will be executed when there is only around 50% equity of the required margin left in your account.

Streamline Dealing
Clients will not suffer Price Re-Quote that you can buy and sell directly on real-time prices without a request for quote (RFQ).
Clients taking advantage of wrong price quotes in the Market Watch will be requoted.
Sigma Forex effort is taken to ensure correct pricing at all times. However, there are rare circumstances when wrong prices are given.

Stop Order Execution
Volatile market conditions can result in prices gapping, which may prevent the execution of stop orders (sell stop, buy stop, stop loss) at the price you initially requested. However, our dealers strive to execute all stop orders at the price, or failing that, at the best attainable rate the market allows.

Lot Types
Sigma Forex has generated an ultimate account type that allow you to trade Standard, Mini and Micro lot in the same account which is Sigma Account to make it more simple and easy for traders.

Multi Currency Denomination

Sigma offers the ability to set-up accounts denominated in the following currencies:
• United States dollar (USD)
• Euro (EUR)
• Great Britain pound (GBP)
• Australian dollar (AUD)
• Swiss Frank (CHF)

There is no minimum deposit for opening an account, in order to review the spreads, pip value & margin requirement choose the required pair, leverage & the lot type.
If you have any problem regarding Sigma Contract Specification click on the Live Chat button on the right hand side and our customer support staff will help you through the process.