Translated from Russian by Google Translate
2 Сентябрь 2009

All stalled dedicated. Part 2

One of the problems, which is characteristic for many traders, is too long to find the screen of the monitor. If you sit for hours, constantly stare and tracking market activity, it eventually develops tiring easily, and eventually followed the wrong decision.


Why are we talking about things so primitive? Because of the proper allocation of time depends very much. It is also part of your forex training, so the issue of timing for trading and analysis is approached very responsibly. For example, if you like to go to bed late, try to trade closer to midnight. At this time, American players are beginning to withdraw from the market, and Asians are still coming. Consequently, in such times market is calm. But it also speaks about that will not be any significant movements.

Another important point to bear in mind, in exercise of forex training, an analysis of the currency market. One should never undertake a comprehensive analysis of the market in anticipation of an important news release, as this is just a waste of time. It is necessary to conduct clarifying analysis. That is, we either hold elected positions in advance, or if you have already come any important event, canceling already placed orders. From all this follows the third council.

Tip 3

Try as much as possible to reduce the psychological component of trading. Here we have in mind that we must try in some moments to automate the process of trade. For example, use the opportunity to be placed pending stops, or the use of sound signals. Such signals are used for signaling on the price reaches a certain level, or to notice that triggered the warrant. These tones are called Alert.

The use of such small things will come to trading responsibly. You protect yourself from many unnecessary details. This is the first. Secondly, you lay a good foundation for their own analytical work. All this is a good springboard for learning and making forex training more productive.

Tip 4

Mandatory monitoring of all the closed position. This too may seem a trifle, but precisely because of such trifles emerging overall picture. If you evaluate the position after the closure, it is, above all, allow you to develop automaticity. Errors recorded and analyzed today, will not be an obstacle for you tomorrow. Thus, you’ll hone your own technique.

System on which to operate, should operate on the principle of «If it works all the conditions, then I open position». After closing the position, an analysis of the effectiveness of the chosen strategy and its positioning before and after the closing position. I think that would not be superfluous to remind that the entry into the market without a plan should be, in theory, generally excluded from the list of possibilities. But in some cases, this rule can proceed. It seems to me, it is here and appears to keep himself in hand. Classic stock-market adage says «Greed and fear are the engines of the market».

Do not forget about the opportunity to create their own form for report of all the closed positions. There should enter as much information, so that in the subsequent build their forex training on the ability to bypass the mistakes that have already been analyzed.

Another mistake made amateurs - this is an intuitive analysis of the currency market. Can not qualitatively analyze the forex market is the breeding proper conclusions, not approaching this complex. The analysis of the foreign exchange market, which hold many newcomers, more like a simple divination. So we may very well adhere to the chosen trading strategy.

Tip 5

Develop own system of self-control. Generally, of course, an indication of this kind is much easier to give than to observe. But the quality forex education is precisely to be able to break the stereotypes wrong.

The first thing you need to know, is applicable to the advice given above - is the choice of a suitable time for analysis and trade. If you have a problem personally, you’re upset, angry or just tired, you do not need a force to try to do something on the currency market. Choose another time. Markets are not interested in your personal problems, the contrary, he loves these people. Broken, frustrated by the losers. These people market inverts. They lose not only its own deposit, but also confidence. And even after many months, one unsure step will remind them of themselves, bringing emotion.

Second, you need to know - is the frequency analysis of the market and making adjustments to the existing installation. Any forex training should be based primarily on the activities of which is limited. It is understood that there was no need every hour, feeling the surge of adrenaline to monitor their open positions. From the moment when you are in the market, and set up the stop order, you have some time to forget about this position. Properly designed foot do all the work for you, thus saving the crumbs of your precious nerves. And in general, frequent monitoring is needed only in certain cases. For example, when the market is expected radical changes. But this is not often.

Tip 6

Enters the market, when the crowd thinks its losses. In order to understand what is at stake, tell in order. All experienced traders were once the amateurs and passed forex training in different companies. Today, many professionals have taken under the wing of the large office. What am I saying this? In addition, many newcomers are interested in forex earnings, but few people wondered about the nature of money. Where did they come from the foreign exchange market? But the FX market - a place where money beginners smoothly flowing into the pockets of professional traders.

And in this case, traders professionals is the name of the collective. Often these traders are professionals - a staff of experts of the highest category of any analytical department of the clearing center or hedge fund. And to compete with specialists in the speed of incoming information, the depth of analysis and so on, as you know, really, really not easy. Many of the tricks used by professional traders, are directed specifically against the individual.

These tricks can include, for example, by shooting down trending position, with no apparent reasons for this. Very often after such ostopleniya, the trend resumes its movement in that direction, which moved earlier. But this is sufficient for most novice traders kupilas on such a false backswing. Money gradually spilled over from the pockets of newcomers into the pockets of the pros.