Easy for you how much a novice trading in the Forex market to get lost your way or that chill, confusion or that weigh Be information Keeps the Internet for trading, and the best you can do is to
pause only, and learn
how to trade properly from a profession experts do not rush it
And ten the following tips for trading in the Forex market are things how I wished if someone told
me at the
beginning of me from trading, therefore, and put this into account, I'll tell you the most important ten tips should Debutante or any trader else that absorbed before it starts trading market person
.
.
.
1 - learn the basics first
A lot of novice traders trying to enter the market directly without real background knowledge about the markets in which they are trading in, you should in order to build a solid foundation for trading that the pause in learning how to deal with the Forex market (or any other market you trade in it) and you get a definite all know market terms etc ... before you start actually deepening and a study trading strategies
2 - Learn one trading strategy and stick to it
Changing the ways and methods of trading frequently is one of the biggest mistakes that I see novice traders are committed again and again, if you are using a logical and acceptable way, such as the movement of price My strategy, you must learn and master before really doing anything else, so if you move out of his way to the other because you think that you will find a magical trading strategy, then you simply go behind the false illusion of free thinking and common sense manner, and it will lose what you have money.
Are not also change the trading ways just because you suffered a few losing trades, any way will be a certain amount of money-losing trades during a certain number of successive transactions, and this is normal and part of the trading session, we must not allow deals losers that affect you much, then you need to enjoy the real severe discipline to master the steps trading.
3 - do not fall prey to deficit
Easy for you that you just get a feeling of helplessness for understanding the many information of various trading strategies and you are a trader, beginning, this happens with all of us at first, and easiest way to reduce the impact of those feelings or avoided altogether, is to find teach and learn trading on his hands and learn from their successes, and I have to provide all trading strategies me for you to Taatalmoha in trading the movement of the price cycle, and from my point of view the best thing is that You will find party from the rest of other ways, and forget all that I have learned from before, and you know from the beginning what I teach a new opportunity Then focus only where even really know what you are doing things from circulation.
4 - Do not panic when heading to the deal is going in your favor
This problem is really serious, because most traders, especially beginners Surprise or exaggerate their reaction at the first sign of change in the direction of the deal the movement down, and this problem appears more clearly in real trading on demo trading because of the different reactions among themselves, but it is a problem it is necessary response and her search for a suitable solution.
It is natural that there is a change in the direction of the deal to become the non-your favor, it has passed transactions where the price index approached by about 5 points of stop-loss point and then went in the end to achieve huge profits, if you have horrified and decided to close those deals before you do stop loss order, I did not only lose some money but I will lose a lot of profits as well, and this is the main reason for the need to leave room for your deals without interference from you and it does not By closing early for no other reason except that they are moved in the direction that is to your satisfaction.
In fact it is very simple that you set stop-loss order in a logical position and security (we'll talk about this later) and determine the size of the exchange center in order to be the dollar amount of risk in the amount allowed by losing limits, and leave the deal alone, it does not interfere in the small and large all, but paving the way for the movement of the market and go to spend some time playing golf or work out gym or went to sleep ... then you can check on the deal in the next day, the failure to carry out any change in the real trades is the best behaved in the habit (and most useful) in the sense that committed base "set and leave".
5 - focused on the price movement
Believe it or not, people in the past who were trading without computers, they know that it is hard to imagine, but that is the truth, how do you think they did this? It is clear that he was not with the help of "any RSS" index or "MACD" indicator or "stochastic" index or some automated trading programs ... I've been through the use of price movement, it was used to read the bar halls stock market prices or prices change was being circulated on large panels in order to be found and the interpretation of its significance, only they were doing the interpretation beyond the changes in prices or price movement, this method is the natural trading method only has appeared since the seventeenth century, when the Japanese rice traders invention of Japanese candles to predict the size of changes that occur on rice prices.
This method is effective, there is the complexity of the way your trade, The way I eat a unique trading the movement of price with me have succeeded characteristically, if followed what I'm saying to you in educational sessions and maintained entirely on the state of discipline and logical thinking as well as patience, it can also not succeed that way with you! There is no need for charts or accumulated on top of each filled mind and thought a package of highly complex and confusing news events or indicators, and since I do not use it then your you should not you also use them because they are a waste of time and mental energy and finally money.
6 - shown realism
Maybe that realism is the hardest thing but the most important for the trader Debutante, I regret, but I've got to tell you that, which is that you will not you leave your job and work on one of the beaches or swimming pools and calculates will balance of $ 2,000, if were to tell you this on a sites or someone mention something like that, they should evade out of their hands because they are crooks or people do not have a clue about the truth of what they talk about.
Can you make huge profits from trading in the markets? Of course, certainly, and perhaps there is no other profession in the world have such a large amount of the possible rise in the value of the item, such as trading, but this success has cost prohibitive, the matter is not easy easy easy, at least not mentally.
You'll encounter all types of traps and mental errors lethal self-destructive along the way during the trading journey, and you will are no realism and work on a sound basis is what keeps you on the right track to achieve success in trading, if your eyes began to shine to see the dollars it is proof that you will excessive use of leverage financial (and risking a lot of money) and excessive trading with your account and lose money rather than to win a lot of money, and you're not trying to, of course.
7 - Do not you make a lot of trades
Slow and perseverance are the trading profit race, like this old saying, but I know it's true to a large extent, the accelerated pace of trading opens the door to a large crowd of emotional trading mistakes that will come to your trading account balance and the Spaatz yourself.
I have written many articles on this subject, and I know that for many of you this advice, unfortunately, will not you will find only after it is too late, but you are not need to do much trading to profiting a lot of money, and in order understand why more clearly, Arise access to This article titled frequent trading high pace compared to the frequent trading low pace.
8 - focused on trading using the daily charts
You should learn how to interpret and trading transactions strategy of price action on the daily time frame (Time Frame) of the charts before acting anything else, I will not Will benefit to talk about this topic here because I have many other articles that address this issue.
9 - Do not you place a stop loss very close to the opening price of the deal is
This advice task may require from most traders some time and a lot of money wasted even realize that, you must put a stop loss at a safe distance point away from the opening price of the deal, if you set its place in close proximity will be the deal closes automatically leads to loss before the market find a real opportunity to move in the direction of your own good, in other words the idea of your position may be correct, but you are because of your position to point stop loss so close, it was close the transaction prior to the change that you are waiting for and expect.
10 - do not rush to enter the market without learning
They have my always surprise and puzzlement of the large numbers of people who want to risk their money in the market without any training or education to the method of trading, then after losing a bit of money later decide then to get some education, if it goes upside down, the matter like trying to fly the plane without Aviation study of one of the institutes so special and then the plane crash have put your life in real danger, and after going through all this then decided to enroll in a flight schools ... and a lot of traders who do the same with their trading accounts, so do not be one of them!
Provided the owner at the start of trading in order to learn, and learn how to trade properly before anything else and then the money will come to you, so do not try to fly the plane before joining the School of Aviation.