The Calloway Software – MINIMIZING LOSSES!
If you have been losing money with The Calloway Software app, there might be a good reason for it. We have noticed that some people out there are making some crucial mistakes. We are here to help you avoid making crucial mistakes when trading with The Calloway Software system. It’s all about minimizing losses and maximizing profits!
The Calloway Software App – The Right Trading Time
One mistake which many people seem to be making is to trade whenever they see fit or get a few free minutes. Guys, this is a mistake, and we have repeated this several times now. If you want to make money trading with The Calloway Software, you need to do so during the proper trading time.
You want to trade at the time where the market is the most volatile, which is between 9 AM and 7 PM. Moreover, this time slot applies to the GMT time zone. If you do not live in the GMT time zone, you need to make the appropriate calculations so you are within the right time slot.
For instance, if you live in GMT + 1, you need to trade from 10 AM to 8 PM, and so on and so forth. If you do not trade during this specific time slot, the chance of winning trades reduces a whole lot. Even if your trades do turn out to be winners, they won’t end up being as profitable as if you were to trade during the proper time slot.
The Calloway Software System – The Right Number Of Trades
Another mistake which people seem to be making when using The Calloway Software autotrader is to place way too many trades at the same time. Guys, more is not always better. Sure, you might think that diversifying your trades and opening 15 different positions at once is the way to go. However, this could not be any further from the truth.
For one, it is hard to properly analyze so many different currencies for a single trading session. Yes, you need to do some analysis in a few different respects in order to ensure that you are opening the positions which have the highest chances of being profitable. At the same time, even if you do manage to open 15 good positions at once, keeping track of them all at once is hard too. If something goes wrong with a few trades, you will be sent into a frenzy.
Therefore, when using The Calloway Software app, never open more than 5 positions. This counts double if you are a newbie that is just getting into cryptocurrency or fiat currency trading. Yeah, if you are a pro, you might be able to manage 8 or even 10 trades at once. However, the reality is that even the most seasoned of traders will have problems with so many trades.
The Calloway Software Program – The Right Investment Amount
Yet another mistake that people are making when trading with The Calloway Software system is to invest either way too little or too much into a single trade. Folks, we always say that 250 Euros per trade is a good way to go. With The Calloway Software app, you can choose from investment amounts like 10, 50, 100, 250, 500, and 1,000 Euros.
Well, some people are placing 10 or more trades with 10 Euros invested in each. Guys, while you might think that this qualifies as low risk trading, it really doesn’t. Like we said before, it’s just way too hard to keep track of so many trades. Besides, if you only invest 10 or even 50 Euros into a trade, your profit margins are going to be super slim.
On the other hand, some people are investing 500 or 1,000 Euros into a single trade. Well, if these trades end up being losers, you will end up losing a heck of a lot of cash. If you are not too familiar with The Calloway Software app, we would not recommend investing more than 250 Euros per trade. If you have moderate fiat currency or cryptocurrency trading experience, you could invest 500 Euros per trade. Yet, only the most seasoned of traders should ever put 1,000 Euros down on a single position. The risk is just way too high.
The Calloway Software Autotrader – Watching For 3 Bull News
One of the most critical mistakes which people seem to be making when trading with The Calloway Software is neglecting the economic calendar. Guys, go to investing.com and always check the economic calendar before you begin opening positions. If any currency is set to have 3 Bull News released, do not trade with it. Don’t trade with 3 Bull News currencies for 30 minutes before or after that news is released. This is a crucial The Calloway Software tip that you absolutely need to pay attention to.
The Calloway Software App – The Technical Analysis Tool
Another mistake that people are making when trading with The Calloway Software autotrader is to forget about the technical analysis tool. Yes, this tool is available for all currency pairings, so you better use it. On a side note, this only applies to fiat currencies, not cryptocurrencies. At any rate, this totally free technical analysis tool is one that you absolutely need to use. You need to analyze it every single time before you place any trade.
Heck, the tool is totally free and it takes literally 30 seconds to use it, so not using it is downright irresponsible. It’s your money that you are betting with, so there is absolutely no point in ignoring the technical analysis feature which comes included with The Calloway Software app. It tells you whether a certain currency pairing is a strong sell, sell, neutral, buy, or strong buy. It is an awesome tool that pretty much spoon feeds you the direction in which you need to trade.
The Calloway Software – Avoiding Mistakes
As you can see, there is really not that much that goes into trading with The Calloway Software autotrader. As long as you follow these tips, making money should not be that difficult.