Translated from Russian by Google Translate
17 Декабрь 2008

Experience and youth. What are the differences

Always, when the trade is successful, we feel ourselves at the height of bliss, and vice versa, when we see that lose, it reminds us of the nightmare. Many people have made their condition for many weeks of painstaking work and lost him for several minutes. This will inevitably be repeated when the foreign exchange market join forces newcomers fresh trading. It is therefore understandable that for the young trader’s better to study the mistakes of previous generations and try not to repeat them. All this can be done only constantly looking incomprehensible moments and always getting answers to their questions.


So what difference a successful trader from playing?

You with a set of observations.

1. The vast majority of traders played in the short term, ie within days. This is due to the fact that many traders are experiencing an acute shortage of well-thought-out plan. When they traded during the strong movements in that time the most heavily exposed to small market movement. Also, the most problematic moment inherent newcomers - is a lack of initial capital. As for successful traders, they are often traded on the medium and long term, with what typically lack the initial capital they do not have.
Hence the conclusion: trade in large time intervals most promising. With regard to capital, it is the same: the more original depot, the more likely to survive with strong movements, as opposed to your position.

2. Traders who lose are often used all kinds of schemes and working methods, which are very complex and very sensitive to the views of all kinds of analysts. Successful traders often use an easier system analysis and methodology, yes, ‘All rely only on their minds.
Hence the conclusion: the widespread belief that what the system complicated, so it is more profitable and safer than working, or does not work fully. If the judge logically, more than a simple technique could not have better adapted to market conditions and is unlikely to be susceptible to various interpretations. Therefore, another important conclusion: Analyze the situation alone.

3. Traders, who are constantly losing often rely on mehanizirovannost in all sorts of systems, oscillators and indicators. They have not given time to study the mathematical characteristics of an indicator, blindly believing in their Automate and adaptability to any currency pair and any period of time. As for the success of traders, they are in their work paid close attention to the functioning of various indicators in terms of mathematics. Detailed knowledge of the various nuances used machinery market - these are characteristic of a successful trader.
Hence the conclusion: if you want to have a good result - study used tool to analyze how to carefully.

4. Many unsuccessful traders often try to understand where the market goes tomorrow, while wasting a lot of time. Successful as traders not engaged in such nervotrepkoy, they are more produmanny, so they spend their time only for predicting the reactions of other parties, and based on these data, are already planning a plan of action.
Hence the conclusion: most likely chance of success lies not only in the detailed study of traditional approaches to the analysis of the situation, but also the ability to predict the course of the market, depending on the mood of the participants. If you ask a successful trader: «as the market environment will look like tomorrow?», He is unlikely to respond to it, but says that is easier not to think about it, just follow the market.

5. Unsuccessful traders often can not cope with their emotions in the trading process, resulting in a discharge of the deposit. In contrast to them, success traders are often able to cope with their emotions, and if needed to recognize that the situation is not forecast to coincide with the current result, they are firmly closed position, while not likely to cope with traders lose everything in the hope of turn the market.
Hence the conclusion: if a trader makes a decision, with more emotion than sound mind, then the trader is doomed to failure. But the perception that the lack of emotion - is also in trouble. It is therefore very important to be able to concentrate in a difficult moment and take a decision which would be consistent with the mood of the market, and all rules of trade. In addition, there are too many examples of where even experienced traders enter into a transaction at random, so cast a purely human factor in no case later on.

6. Unsuccessful traders often spend much time at the computer screen. In such a situation they are willing to stay a day. Successful traders are unlikely to be days corn eyes, they prefer several hours of careful analysis of the situation, then take a long-term solution. For them, foreign exchange market - a business rather than a means of obtaining adrenaline. And if the market does not give hope for a stable result, the uspevayuschy trader is unlikely to come into play.

7. It is very important to be able to build their lives in such a way that no permanent effect on the market psyche, you need to be able to live separately from the market, knowing only that the Forex, but a means of generating income, rather than constant thirst.

8. Unsuccessful trader in the event of his losing their market often starts life from scratch: buying new books, beginning to test new strategies, while successful trader tries to get an answer to a question as to what caused the failure and how to fix it applies to his strategy. Then again apply its strategy, but taking into account the adjustment. If successful trader and move to a new way to trade, it is only after understand that the current has lost its relevance and will no longer work.

And as the general conclusion that: all the traders perceive trade as a game, only with the difference that successful trader sees himself in this game as a man whose vocation traded currency. As an athlete, constantly improve their form, and a successful trader working on their improvement, while the losers look at the world in pink glasses.