It is important!
Even to the
study and the trade it is necessary to understand - and it is must whether to
you this? Indeed Forex as no other form of activity - this increased by
learned about existence of this tempting and attractive method” easily and
rapidly it will be enriched” without the serious instruction and the
preparation as Forex. By such are described BY Forex, inviting to the
short term courses on its study. And even the given relationship of the lucky
and lost traders does not seem terrible against the background of iridescent
prospects. Do not believe so that to trading it is possible to rapidly learn.
Forex, for you one must to see entire picture as a whole, the interrelation of
each motion of price on different TF, feel this. You never will become master
of the situation, you only will be able to follow the market. The profession of
trader requires constantly making decisions, taking to itself responsibility
for their adoption, but not searching for prompts from without.
errors about the market For [foreks]:
1. Trade on
the market Forex does not require serious professional preparation.
Operations on the market For Forex are the analog of game into the tape-measure
- players make rates, someone wins, and everything else - in the loss.
Forex - NOT
tape-measure, at the basis of a change in the exchange rates lie the
specific regularities. The value of currency depends on the economic indices of
the country, political events; it is determined by preferences and expectations
of participants in the market.
3. Gain of
some can be achieved only due to the loss of others.
currency market ForForex far from all they play on a change in the courses -
there are large groups of participants, which use currency- exchange operations
for other purposes. These are - exporter- importers, important investors and is
other because of the fact that the leading world currencies freely are
converted on the freely floating courses, such operations by themselves can
become source of income.
4. Money on
the market For Forex - purpose.
market For Forex of money this means of production, goods.
FOREX as any other form of activity, requires, besides the serious professional
knowledge, the creation of the clear system of trade, strict movement to this
system, a constant work on itself.
you to dedicate the part of your time to study and to work to Forex?
You do not
hurry with decision making, market anywhere will not leave from you. It was
yesterday, there is today and it will be tomorrow.
below the basic principles of the trade Forex, after these several lines stands
the enormous experience of practitioners. Do not disregard any of them
principles of the trade Forex.
beginning active trade, get to know itself and your weaknesses.
carelessness in the work.
according to the clear, simple and clear plan.
remember that on the market can occur all anything.
- Do not
deal against the trend, i.e., against the motion of the price of market.
- Do not
accomplish purchase on the upper points and sale on the lower.
- Do not
deal only therefore in order to deal.
- Know how
to wait, and, after waiting for - rapidly to act.
- Trading -
this is the work on its weaknesses.
achieve only emotionally steady traders.
- Do not
feel sorry about that earned.
- You be
ready to losses and do not fear them.
- Do not
make possible for small losses to be converted into the ruinous.
" gather” to the last drop.
of personal purposes, planning the study Forex, practice. Knowledge itself and
below exemplary plan as it will manage problem stated in this theme. I
accentuate your attention in what this is exemplary plan, in the course of time
you will change it so that it was comfortable for you. Periodically reexamine
each point, you sum up the sums, plan new purposes.
up of the results of my life today. Purposes of my life.
global purposes into the more short term. Paint short term with the periods of
Existing resources for achievement of purposes.
list of the traits of your nature, your strong and weak sides, which can help
in the mastery trading, which can interfere. Try to be maximally frank with
itself itself. Do not fear your negative traits of the nature (you they are not
lonely at the holiday of life - they they are inherent in each person on the
earth), with the love and the appreciation accept itself as such, such as you
exists. Forex can become for you a good teacher in the work on itself. Selection
after you - you will with it war or be friends.
determine for itself, how long you will give for the study and the work on
example, in the course of day (4-6 hours), week (20-30 hours), month (80-120
will be determined, in what time of day you will work.
determine the sum, which you have available for further work on the real
calculation - respectively in order to avoid psychological discomfort, open
[demo] calculation for the same sum. Money here goods, by tool with which for
you one must work. Necessary to learn to them respectively it relates.
you want to earn per year, month (with the laying out on the days).
percent relationship Forex it will be source of income for you.
concentration is important at the moment of tradings. Forex does not pardon
carelessness, emotional unbalance and the like try to limit itself to this
period from the excess contacts.
also the time, discussing with the adherents or with the family members your
successes and defeats, you it can visit illumination - the new qualitative
vision of market or the solution some of task, telling others about the
important for you, you tell this, first of all to yourselves (examining from
the different foreshortenings).
3. Will be
coordinated Trading for the purposes of my life.
basis of the entire carried out work, bring the temporary sum, which you will
reexamine after the time, is how harmoniously Trading can enter into your life
how for you it is necessary to sacrifice, going along this way, that you will
be able to acquire. You will be determined, for which you intend TO DEAL.
the study of the profession of trader and practice of work to demo.
In order to
achieve the goal - to become professional trader - to you necessary, by means
of the study Forex and practical work to demo, to see picture as a whole,
interrelation of each motion of price on different TF, to feel this. Forex very
complex and wilful organism. You never will become master of the situation, you
only will be able to follow the market.
moments in the trade, which are connected with psychology.
psychological problems, which appear in the process of trade and, in
particular, in the trade on Forex, are written the mountains of literature.
the first time arrived on Forex, must be to them ready. However, what this for
1. Fear to
Forex appears after the first failures practically in each trader of novice. That
seemed previously simple and intelligible (in the training courses from the
mouths of instructor, on the history of quotations on the commercial terminal,
on you demo accaunt), suddenly proves to be in no way such, as novice
visualized initially. He reveals to his surprise that:
system of quotations is given in such a way that even during the strong trend
motion are required the recoils, the imitation of turn, it [miniflet] suddenly
from that not from what;
the trader frequently works his own dealer - the record suddenly appears on the
warrant: price changed, both opening and closing transaction occur more badly
than trader it planned;
enormous army of the analysts of fundamental and proximate analysis, by reading
the whom novice intensely attempts to guess the riddle of his failures, only
tangle him finally.
That as a
result: fear and uncertainty in themselves appear even in those, whom never did
not have them.
Uncertainty in its commercial system.
selected FOR THE TRADE commercial system, you work on the real, but you see
that you do not receive in addition profit, you open the transaction of later
than the manufactured rules, you shut it earlier, wonderful realizing that the
currency has another potential of motion. What to make? How to overcome in
itself fear and uncertainty?
Forex is recommended:
a) pass on
several days from the real calculation on it [demoschet]. Your task will be in
making of not less than 10 transactions for one commercial session correctly.
b) you sum
up the sums of your work on Forex each evening, objectively evaluate result,
potential, which available in your commercial system, and note for itself
methods, how tomorrow you WILL BE ABLE TO EARN more than during the previous
c) on you
[demoschete] bring to the automatism your commercial system. As taught
[B].[Vilyams], in order to work at the level of subconsciousness.
problem “of ardor of player”, when trader cannot pass motion, even realizing,
which now [flet], that with the discovery of transaction in you [flete] -
profit can be minimum, loss - maximum, but nerves with this “game” (not to
work) will be shaken loose to the complete maximum.
encountering with this problem, you must clearly and clearly to answer one
question - why I did arrive on Forex? To play? To work?
to play - all problems of psychological nature, connected with the game of
chance to the money your and, doctor here can help you only.
TO WORK AND TO EARN. In that case - self-discipline and sensible reason!
: “One of
the most important properties of trader is the skill to wait. It does not
suffer itself to bargain? - market was to you, market will be also after you. So
that your profit from you will not leave. Wait. Observe after the tomcat - as
it knows how to wait, when it hunts for the mouse or for the bird. It can wait
by hours, without experiencing what - that of inconveniences, even obtaining
from this pleasure!
everything in order at the decisive moment to deliver precise and instantaneous
impact. But if output departs - it without any regret leaves in its matters -
“tomorrow I will catch”. Majorities familiar to me people do not know how to
wait. They became accustomed to overtake. In this I am fundamental difference. That
overtaking is always late, although constantly it hurries, it always acts
inopportunely, since it is not ready to work out the proceeding changes. The
overtaking trader is doomed”. Here neither you will diminish nor you will add. It
is capacious and it is colorful.
Uncertainty in itself, the absence of nature and purposefulness both at this
moment and generally in the life.
itself to discipline - where you open transaction (known points, but not
through 50 points after it). Where you shut transaction. The action radius on
the pound - is not less than 70 points for the session;
b) by how
many leads and where to go. How many points you will take. Verify on the
history the behavior of currency pairs, on which you work (their behavior in
you [flete] and different forms of trends);
c) of 2
pairs in principle to you will be sufficient - but necessary to know and to
feel them as its 5 it is finger.
Greediness and the desire to obtain immediately everything.
immediately all you will not obtain. Listen to the experience of professionals.
It is not possible to lie to sleep child, and to awake adult. You must pass the
[opredelennye] stages of your increase. Here are they:
a) demo account;
b) of micro
real commercial calculation - work 0.01-0.02 and more by leads,
increasing the value of fraction micro-lead;
Forex - 1 lead is above;
50-100 and more by leads, as a rule, on the investors calculations.
difference between each of these stages is the same as between demo account and
as the narcotic, to which gets accustomed the trader and without which he to
live already simply it does not can.
hope intelligible. Each person subconsiously dreams about the excellent and
provided for future and wants to pass this way by shortest and lightest road. Here
here and appears Forex, colorful advertisement all possible [DTS], stories
about Soros, reading the books “to play on the exchange is simple!” (to play
that simply, to earn complicatedly) and so forth
result, after losing one calculation, man convinces himself, that this is
chance. After losing the second calculation, the conclusion that it already
learned to much. After losing the third calculation, devises to itself
it could be otherwise? Think. It is objective, if nothing it did change either
in your commercial system or in your psychology, why your fourth commercial
calculation must not be lost as the previous three calculations? Besides, your
way 1 to 1 is repeated by practically all traders of Forex and stock market.
Sum on your
commercial calculation must not cause in you excess emotions. For this some
several hundred dollars, for others several thousand and so forth this the tool
for the development of your business (work to this Forex work, but not game).
your commercial system (criterion - trebling of calculation to demo);
b) with the
discovery of real commercial calculation you will isolate that sum, which you
do not fear to lose. Is the micro of calculation from 0.01 leads and mini 0.1
leads, depending on your financial position;
as is obtained in you week on 0.1 lead - you pass to following 0.2 by leads and
try to take also a quantity of points, that you earned with a smaller quantity
of leads. With the strong trend risk to go with the even larger fraction of
partially is removed, partially it is capitalized. TU the part, which you
removed in the form they arrived, so you will divide into the protected it
stored up that the fact that you expend on the daily needs. Thus, you obtain,
the purely psychologically dual or ternary system of support.
e) the main
thing is the result, which you bring and you analyze by the evening of each
workday and at the end weeks, writing results into the notebook. And the same
capitalization of calculation is necessary in order to have THE CAPABILITY TO
conduct calculations both from the point of view of total result and from the
point of view of the percentage of the profit obtained by you.
f) the part
of the earned means pack into other absolutely not risky financial operations
(from the deposit in the bank to the purchase of real estate and others).
already becomes your business.
5 stages of
life of trader.
first: Subconsious incompetence.
first step you begin to look at trading. You know that this a good method to
make money because you heard about this and about many millionaires.
Unfortunately, so as when first desired to conduct machine you think that this
will be simply - actually, yes that in this of complex?!! Price moves upward
and downward - what here secrets - we begin!
accurately also as sowing the first time for the control - you very rapidly
understand, that you do not represent that you are going to make. You take many
leads and risks. As soon as you open position price here it goes against you,
you are turned over, and she again goes against you, both again and again.
to compensate your losses doubling each time your transactions - sometimes this
it operates, but more frequent no, and you leave in the abrasions and the
is first step - it is absolutely obvious that you nothing are able to reason in
trading. This stage lasts week or two, but market is rapid and you pass to the
second: Realized incompetence.
Stage two -
on it you realize, that there are much work, which must be carried out.
realized your incompetence - you do not have habits or insight in order to
derive regular revenues.
point you will “system shlyukhoy” - will be jump over from one method to the
next day after the day, week per week, never staying so that to note actually
the system it works. Each time when will appear new indicator you will be
excited because “precisely it all it will change!”
test automatic systems into Meta-Trader, will play with MA, Fibo, by resistance
and by support, by pivot, by fractal, by divergence, DMI, ADX, and with
hundreds of other things, hoping in the depth of soul, which your “magic
system” will earn today!
will catch ups and downs in the price with your indicators, attempting to find
the precise point of revolution. You will be held for the losing exposed
positions and even add on them, because you are assured that they are right.
You will see
that other traders make pips and you will not know why this not you. You will
assign millions of questions, some of them will be dull, being examined back
you you will feel itself a little foolishly.
You know as
much as and they, they mean they will lie! But their calculations grow with
each day, and your falls.
You will be
as adolescent - traders, who make money will give advice, but you will be
rested and will think that you know better. You will not listen to councils and
you will take enormous arm for your calculation, all will indicate that you
mad, but you know better!
Stage the third: Evrika!
proportion to the approximation toward the end of the second stage, you begin
to understand, that main this is not system.
that, generally speaking, it is possible to make money using simple MA, but
only IF you hold yourselves in the hands and in you correct money of
to read the books about psychology of trade and learn yourselves in the
enlightenment finally comes!
moment in the brain new connection appears.
unexpectedly understand, that not you, not who or to another can accurately
predict that market will make in following 10 seconds, to say nothing of 20
to work according to one system, which you adapt under yourselves, you become
happier and know your “threshold of risk”.
TO DEAL if your system he speaks [o] grow prettier the probability of gain.
position proves to be unprofitable you you are not angered, because you know
that cannot predict it was this your error, as soon as you understand that
position not into your benefit - you shut it. The following position will have
the great probability of gain, because your simple system works.
instantly understood that in the commercial game to the main thing is/are
follow system and to disciplined accomplish transactions.
to correct of money of management and arm and only now you realized the
rightness of those, who gave councils to you in the past.
not finished, but now this is not so.
comes in that moment when you they honestly recognized that cannot predict
the fourth stage.
fourth: Realized competence.
Ok, now you
accomplish the transactions, when your system tells you to make this.
losses so easily and gains.
Now you at
the stage when your calculation varies in the fixed level, day after the day.
Are weeks when you they won 100 pips and week when they lost 100. briefly you
you balance and you do not lose money.
realize, that generally speaking, you give good advice (predictions) and
accumulate respect from other traders, with whom you associate in the chat
should work and think about the trade, but in the course of time you begin TO
EARN MORE than to lose.
day from 20 pips victories, then 35 pips of loss and in you do not appear
feelings in regard to this. You returned these [pipsy], but you know that they
will be returned.
to stably make all more than pips in the week. 25, then 50, and ever more.
fifth: Subconsious competence.
directly as governing automobile, you deal the whole day, making all at the
You work on
the autopilot. You begin to work at large transactions and make 100 pips during
the day. And this is normal for you.
commercial utopia. You govern emotions and you trader with the swiftly growing
You - star
in the traders chat room. People listen to you. You learn yourselves in their
questions of 2 years ago.
but you know that this rather it passes for nothing, because they behave as
adolescents. Some of them I will reach your level. Someone more rapid, someone
slower. Majority never will overcome the second level. But someone will reach.
longer excites. It became terribly dull as all in this life, that you mastered
well. This is simple work.
with the proudly raised head, you can say “I - trader”.