Translated from Russian by Google Translate
22 Сентябрь 2008

Common mistakes traders

Fear of loss of money too often influences the market participants the most negative way. But each trader must clearly represent yourself, wherever and whenever he can get out of the game, even if the price goes against him.


In this case, you should not fail to ask a counter-question. What you are trading in the Forex market. You are aware, why do we need? We come to the market, students, paying money for various courses, followed by sadimsya for the monitor and start playing. But many traders have not been given to understand why all this is done. Only a clear adherence to its goals will allow you to achieve certain results. An experienced trader - is a trader who knows what he wants. Therefore, many obstacles to success is viewed solely as an important step to your becoming a successful trader.

Many traders consistently lose money. And these losses are expressed not only the results of loss-making positions, but also in various spend on educational materials. That may be all kinds of analytical magazines, seminars, courses and others.

But often our efforts are not justified. This happens for different reasons. This article proposes to examine the quality and errors, which frequently carry traders, in order to be as informed, understand the basis trade, and not learn from their puncture.

One of the important conditions is your town and follow a pattern of trade which you prefer. Think, which could lead vanity. Certainly, neither do good. If you are using the trade a system which, as you feel able to produce results, then try to bring started until the end. First, define the elements you would like to see as their assistants. Since then Decide to market a tool with which you want to work, study its history, characteristics, behavior in any given situation. But! Never conceived of the Stick. It is dedication and regular self-help you achieve the intended goal.

When, in the case of a puncture, you start suetlivo handle all the possible options for trade, you are unlikely to be able to achieve success. Its true meaning is much deeper. If an error trader starts to look something else, rather than have to analyze mistakes and learn from them a benefit, not to repeat similar promahi in the future. And to blame in most cases it is their inability to keep himself in the hands. Therefore, every trader should know that the trade should be a clear discipline and organization.

The second important condition for successful commerce lies in human psychology and desire to get something yet. It is often the case, that price was in our favor. We get all the positions in advance, to take into account the fundamental factors, and now, finally, the price went in our favor. From this point begins the most difficult. This complexity is the need to struggle with himself. You start thinking about that now will be able to win a large sum of money. In doing so, forgetting to take into account the current situation, as a result - losing control of that, surely, will play with you zluyu joke. The problem is that you are at this time is in a state of euphoria, and can not realistically assess the movement of the price range. Even when the price is unfolding and goes against your open positions, you are still not out of it, in the hope that the price be promoted, while she slowly devour your profits. All this - the result of your belief in that position, surely, should be profitable. Main «drug» of such a mistake - this firm knowledge of what you want from the transaction. You must clearly represent themselves as part of the market and when to close the position, regardless of whether it is profitable or loss-making. Consider the fact that the market is not interested in your preferences and ideas. It is therefore better to always follow the market than against it.

Another common mistake is a trader’s desire to obtain as much evidence of its assumptions about price movements. While the price continues to move in a given direction trader often is awaiting confirmation of their assumptions through various fundamental and technical indicators. Therefore, the fate of these traders - to open long positions on price peak, and short - at a minimum price. And to blame - not being selected to enter the position. With this in mind, do not forget that the Forex market is inherent in the notion of risk. It is reasonable risk gives hope for a profit, therefore, exclude this element of trade is hardly worth it.

Traded only by the money you can afford to lose. An important element of a successful trade is the ability to manage their assets without fear. This implies that the trader must be ready at any time to part with their money. So if you kopite money for a new apartment or car, then put them on the trade account, you can take this mind. This trade puts their imprint on the trader. He could not safely dispose of this amount, as well as constantly hanging over him fear that he may stay in one moment with nothing. In such a trade is excluded any logic, because it is entirely on fear. As a conclusion, we can say that if you are in this situation, you will inevitably face cease trading until you do not have accrued the necessary amount of money that can be, and to be administered without fear of loss.

And finally, we would consider such an important factor as the formation of your views on market dynamics. This suggests that the trader, trading in the market should not be exposed to anyone’s emotions. Often, the majority view might differ from real market picture. Therefore, forming their own opinions the most important element of successful trade in the Forex market.