Translated from Russian by Google Translate
2 Сентябрь 2009

All stalled dedicated

On our site we often are focused on the experience of traders, and, sometimes, sanctified by the problems that are incomprehensible to beginners. One of the problems faced amateurs currency market, forex undergoing training, is the psychological aspect of currency dealing. But no matter how much has been written about this issue still will not be disclosed in full, because the market trading affects a very large number of factors, reveal that in one publication is not possible.


This article is dedicated to beginners who have yet to make their moves on the forex market. I’ll talk about things, sometimes quite obvious, so I apologize if you experienced traders, they will not find anything useful here. But I think that even my mother gurus will be useful to relate his views on foreign exchange dealings on key positions.

So, gentlemen, paper for those who realize that their activities at a standstill and all the basics, which he received a passing forex training, were in vain. This state of American psychologists call a trader’s syndrome, and, condition is extremely critical. But the main trouble with this syndrome is manifested in the fact that developing very rapidly getting used to this illness, resulting in broken common psychophysiological state of man is expressed not only in monetary losses in the currency market, but also in the presence of various problems with the psyche.

Running a little ahead, is to say that judging from experience, we can conclude that many of the masters of currency dealing passed this stage, so we can say that the trader’s syndrome - an inevitable event in the life of each currency speculator.

It affects the eternal clash of adherents of different types of analysis of financial markets. The dispute between fundamentalists (I beg you not to be confused with the adherents of one of the leading religions) - admirers of fundamental analysis, and techies - the adherents of technical analysis, apparently, is the nature of eternal incompleteness. It is noteworthy that recently appeared, and another galaxy of speculators who adhere to a new technique, such as fractal theory of chaos, etc. All followers of a particular type of analysis with amazing fortitude defend the practicality of its strategy assessment of the market.

But no matter how much screaming like adherents of their own success, the best confirmation of this data is history and impressive trading account, which is constantly growing. Any forex training - is first and foremost, look at the actual reality. But at the same time, many of the aforementioned groups of traders sometimes resemble thimblerigger, who know perfectly well what the result will be, but the issue desired for real. Considerable scope acquired activities of professional showmen, whose mission is the attraction of new forces in the crowd, called traders.

In recent years, while previously such facts too, but not in that span, life is very impressive on many specific forums on the forex. At such forums, cunning moderators simply remove the pessimistic message and replace them on behalf of various nicknames published optimistic reports about how easy «chop dough on Forex». As a result of unenlightened people have the impression that Forex - is a place where not only can make idle.

Waking up in a cold sweat, many unsuccessful recall how in his time, trusting such zavlekalovkam, lost all their money, not even having time to really get forex training. It is draining all the money and is the result of such trade - rash and frivolous.

Perhaps I’m too pessimistic describe the situation on the currency market, but excessive caution, I believe anyone has not interfered with. So, never forget that in any case to become a professional, you need to work hard. This is especially true of the forex market, where, above all, you need to pass a quality forex training, which will probably take a long time. This may be a month and half.

Below I provide some tips, which at one time for me to have played an invaluable role. These boards are not many, they are quick and easy read, but behind them are the months and years of reflection, analysis of the currency market.

Tip 1

Try to build their forex training on classical academic literature devoted to the basics of currency dealing. The authors of these books - honored the people who do not need no introduction. These books and thoughts that are trying to convey to their readers the authors, time-tested. Such books are much more informative than the latter-day authors of the book, many of which have only goal to earn a spread their creations, and bringing in the foreign exchange market for new victims, who, without proper preparation will leave this stormy ocean of grain of their funds.

Why am I so skeptical about a latter-day creations of authors? Because very often the preface of the book is not a benefit to help you get forex training, and extensive propaganda and advertising campaign. Of the names of the classics, I would advise to pay attention to names such as Schwartz, Murphy, and Demark. The only thing I would like to recall - it is something that you observe when reading the books a healthy skepticism, as some of the methods described by the great, already outdated and dead, but knowing these techniques is essential.

Tip 2

Once you pass forex training in the classic books, be sure to select your favorite for a trading strategy. And pay no attention to the fact that you have enough experience to implement it. Forex Strategy is needed in order to carry out their trade on pre-traced plan. Remember that the plan will work only if the current market developments will conform to the conditions that you have for them zaprogrammiruete in their trading tactics.

Never attempt to indulge in wishful thinking, not «pull the ears price». If the situation does not fit your criteria, then wait for a more opportune moment. Main! Take note on one strategy and pass forex training, based precisely on it. Hone their skills, and luck always smile at you. Do not be pessimistic, just realistic look at things.