Shortly after having organized a free forex and CFD trading seminar in Hungary, XM hosted yet another educational event in the Hungarian capital, Budapest, this autumn, presented by forex instructor Attila Szoboszlai.
The XM company representatives, together with Attila Szoboszlai, welcomed event guests at Larus Event Center, Budapest, where Hungarian-speaking traders had the opportunity to attend the seminar for free.
During his presentation, Attila Szoboszlai laid much emphasis on the importance of developing individual trading systems that help online investors maintain a systematic approach to trading practices. He also explained to the audience why online trading should be considered as a process that apart from a solid understanding of the global markets and the trading tools used on a regular basis involves much self-development.
Seminar participants received a set of practical guidelines on many relevant aspects of online trading, including price movements and price action; support-resistance levels; trading in different time frames; the Dow theory; and last but not least the use of Fibonacci. A highly relevant part of the seminar was dedicated to the role that trading psychology plays in online investing, as well as to what risk management techniques to apply in day trading and in swing trading. Event attendees also had the opportunity to see how these techniques work in trading forex on the MT4 platform and in trading stock CFDs on the MT5 platform of XM.
The seminar concluded with a lucky draw, the winners of which were raffled on the premises and whom we congratulate once again on the prizes won.