Translated from Russian by Google Translate
1 Сентябрь 2009

Elementary rules of successful trading

Forex trading - employment is not an easy one. For a successful trade must adhere to a set of specific rules that will accompany you throughout the trading period, and that should be your guide to the world stock market an online business. Below are the basic rules that will help you avoid losses.


1. One should never trust the opinion of other participants in the FX market. Forex trading - is the risk of losing their own funds and not others, so you need to base their trade on their own reasoning, rather than on the opinion of the majority.

2. Do not rely on market-based instruments. Forex trading - a kind of investment, but only partly. To a greater extent forex can not be called investing. So do not forget the numbers, but should forget about the press releases. You should always «stifle» American dream. Let it remain Peter Lynch.

3. One should never violate their own rules, which will be traded forex. If you have created for themselves a set of rules, make sure you stick to them, perfects them. Trading in these rules, you will eventually realize that they too much, but spontaneously, something to throw from the previously developed model it is not necessary. You are depriving themselves of the opportunity to give an objective assessment of their development.

4. Do not try to win all at once. Forex trading - this is not the place that works on the principle of «had - grabbed». If you are not sure of a happy outcome of the current position, you should not rush to open position. Maybe after some time to get a more suitable position and you can extract from it the more benefits, rather than every time you try to enter the market without being sure of what it’s worth it.

5. Do not try to jump above him. If your name is not Mr. Soros, you do not have to mentally focus on to win many millions. This effect is detrimental. You like to program in advance for a certain amount, and if at least achieve this goal will occur any delays, unforeseen situations, it will affect adversely. Forex trading - this is not a place where there is a focus on money. Focus is precisely on trade. And no matter how much you win - a few tens of cents or a thousand dollars - considering any profit as a success.

6. Do not look for a universal trading formula. Many traders in the belief that successful traders use in their trade some formula that is deeply mistaken. There bowl «Holy Grail». Therefore, the time that you spend on the search, you spend nothing.

7. Be sure to observe discipline. Forex trading can forgive the lack of knowledge, but never forgive the lack of discipline.

8. Do not follow the actions of the crowd. Typically, the trader is subject to emotional pressure from the crowd, which had a negative impact on trade. So do not try to understand how to act only on the behavior of the crowd. In most cases, when the crowd starts to act will have either too late or too early.

9. The obvious can not be successful. Quite often have to see that offered various trading systems that promise to «do» to several thousand dollars a day, while doing virtually nothing. So we may know that forex trading should be viewed objectively. And if you can see, the proposed scheme of work is too good to be true, then in most cases it will be so in reality.

10. One should never ignore the signs that warn of the danger. As a rule, all the major losses are accompanied by premature warning. So you never want to wait for rescue boats, in order to escape the sinking ship.

11. Do not take profits until it has received. One of the common mistakes traders. You have not yet closed position, and already considered a profit. Such negligence may result in serious losses. Never forget that the money gained through forex trading, leaving just as fast as they come.

12. Remember the reasons upon which the open position and you do not let the opportunity to market noise mislead you.

13. Do not expect that you will receive a guaranteed profit, even if you trade the forex market for years. You can learn how to trade and for six months and may be a few years, water it down without the slightest hint of development. Only hard work will help you gain confidence in themselves, after which followed a profit.

14. Do not sell the team. Forex trading - this is not a team game and online businesses, where every man for himself. So do not try to seek support for his views from others, and seek the truth.

15. Be sure to include trade in their own intuition. Perhaps this is something mythic, but our body is designed so that sometimes on a subconscious level gives us the only good advice. So learn to respect your inner voice, listen to him.

16. Do not be afraid to lose. Forex trading - a series of ups and downs. The difference between a successful and losing traders is the ratio of losses / gains. Learn to treat your losses philosophically. Then the fact of the loss will get you a good lesson.

17. Visibility above system. Very often it happens that a well-trained eye will appreciate the evolving situation is much more efficient than a complicated trading system. Therefore, first of all rely on common sense.

18. Use your own applications. Forex trading - a battle of minds, where there are a number of recommendations and conclusions regarding the trade, but you should definitely take into account that they made a specific person who made them based on their own vision of the market. But the vision of the market such a man can differ greatly from your presentation, therefore be based trade on the basis of his findings.