Basics for Trade Forex
This theme speaks of should and should not be done at the time of operation, it is common for people starting in this market with their accounts and are entering a very high motivation, be it because after working out and struggle to Achieve the funds have their own. But what these people do not know or have experienced, is the loss or risk management, which is the hardest thing in this market. But what these people do not know or have experienced, is the loss or risk management, Which is the hardest thing in this market.
Trader Psychology Trader Psychology
An average operator with good motivation and little knowledge of how to operate, risk management and control of emotions, hard in this market no more than 6 weeks, the purpose of this is to teach and to have control of these 3 points to the person can begin to accumulate profits and not just rubber by placing positions. An average operator with good motivation and little knowledge of how to operate, risk management and control of emotions, hard in this market no more than 6 weeks, the purpose of this is to teach and to have control of these 3 points to the person can begin to accumulate profits and not just rubber by placing positions.
One of the highlights of Psychology of the Trader is fear, which is the heart of the great problems of traders, is this for?, Well the capital to operate the first thing the person I want to satisfy their ego and thus greed. One of the highlights of Psychology of the Trader is fear, Which is the heart of the great problems of traders, is this for?, Well the capital to operate the first thing the person I want to satisfy their ego and greed Malthus. Upon submission of the missing person can not accept that it is losing and begin to operate in a more damaging or against himself, bone begins to operate on a visceral or the stomach, eliminating any strategy or self-control. Upon submission of the missing person can not accept that it is losing and begin to operate in a more damaging or against himself, bone begins to operate on a visceral or the stomach, Eliminating any strategy or self-control.
A very simple case to illustrate the doubles positions, this is, at the time of going to a negative position the person places another position but double or triple this value with the estimated return when you can recover the lost but without an additional wait to reach the first position becomes 0 or a positive balance. A very simple case To illustrate the doubles positions, this is, at the time of going to a negative position the person places another position but double or triple this value with the estimated return when you can recover the lost but without an additional wait to reach the first position becomes 0 or a positive balance. For example, John places a position in EUR/USD 1.3000 for purchase, but the pair fell 80 pips, the other position placed 3 times higher than the first purchase "also" in order to return 25 pips, with this he would have to fine the operation, 55 pips from the first operation ($ 55) dollars and get the first on a 25 pip profit on $ 3 pip $ 75, $ 20 bone gain. For example, John places a position in EUR / USD 1.3000 for purchase, but the pair fell 80 pips, the other position pleasure 3 times higher than the first purchase "also" in order to return 25 pips, with this I would have to fine the operation, 55 pips from the first operation ($ 55) dollars and get the first on a 25 pip profit on $ 3 pip $ 75, $ 20 bone gain.
BLUNDER -= =- 1.2850 the price reaches the first position lost $ 150 and the second $ 210 = $ 360. =- -= 1.2850 BLUNDER the price reaches the first position lost $ 150 and the second $ 210 = $ 360.
The operation involves risk and losses must be accepted as what they are unsuccessful operations, and continue. The person who does not accept losing, and it is losing, because you can not control his feelings as an operator and never will be able to learn from these, on the other hand, the market position gives us winning and losing positions, we must learn to deal with them because it is normal and natural part of any operator. The operation Involves risk and losses must be accepted as what they are unsuccessful operations, and continue. The person who does not accept losing, and it is losing, because you can not control his feelings as an operator and never will be able to learn from these, on the other hand, the market position gives us winning and losing positions, we must learn to deal with them, as it is normal and natural part of any operator.
Operator Operator Rules Rules
There are many rules and all depends on someone to write, then I list those that are important to me. There are many rules and all depends on someone to write, then I list those that are important to me.
1. 1. Do not operate tired, tired, angry or after a party. Do not operate tired, tired, angry or after a party.
2. 2. Go to the verbatim your strategy. Go to the verbatim your strategy.
3. 3. Do not operate in news, if you do not understand the risk and if you do not understand. Do not operate in news, if you do not understand the risk and if you do not understand.
4. 4. Not seeing for 30 min., The graphics or the market, made breaks of at least 3 min. Not seeing for 30 min., The graphics or the market, made breaks of at least 3 min.
5. 5. Develop a list of activities or process and follow it in detail, it is your operator's manual. Develop a list of activities or process and follow it in detail, it is your operator's manual.
6. 6. Develop a discipline, operating under the same market, the same pairs, trains and peers in other markets. Develop a discipline, operating under the same market, the same pairs, trains and peers in other markets.
7. 7. Do not believe everything they say, you are the master of your money, they can give the mass the loser is you. Do not believe everything they say, you are the master of your money, they can give the mass the loser is you. Listen, evaluate, analyze and Compare. Listen, evaluate, analyze and compare.
8. 8. It operates more if you reach your goal, not worth risking the gains. It operates more if you reach your goal, not worth risking the gains.
9. 9. If you lose more than 3 times salt market is not your day. If you lose more than 3 times salt market is not your day.
10. 10. Forex ArkanesFx Listen Radio, Internet. Forex ArkanesFx Listen Radio, Internet.
Which indicators to select? Which indicators to select?
Well with respect to this section can not tell you which to select as it is not your strategy, which I can recommend is that it is within the list of classics (eg MACD, ADX, RSI, Stochastic, Momentum, EMA's, BB, FIBOS) to start and then you especializándote more and more. Well on this section can not tell you Which to select as it is not your strategy, which i can recommend is that it is within the list of classics (eg MACD, ADX, RSI, Stochastic, Momentum, EMA's, BB, FIBOS) to especializándote you start and then more and more.
Not worth entering in the first instance more sophisticated indicators, since all you will generate doubts and disability is operational, (I've seen many times) Not worth entering in the first instance more sophisticated indicators, since all you will generate doubts and disability is operational, (I've seen many times)
-> How to know if these indicators are suitable for me? -> How to know if these indicators are suitable for me?
When you begin to operate is the best indicator that tells you something, which at first glance you can give a story that has happened, and you can assume that going to happen, that's one of your indicators, since the interpretation is effective . When you begin to operate is the best indicator that tells you something, Which at first glance you can give a story that has happened, and you can assume that going to happen, that's one of your indicators, since the interpretation is effective.
The problem is when you start to put many indicators, and lose that sense of simplicity, try to place in your chart only those who really serve you and do not you think you serve. Position indicators can generate many more questions than results. The problem is when you start to put many indicators, and lose that sense of simplicity, try to place in your chart only those who really serve you and do not you think you serve. Position indicators can generate many more questions than results.
Trader Trader Discipline Discipline
This topic is long and hard but this is done only if you are truly committed to the forex market, because, well first to create a discipline is always creating a process that must follow, it helps to have good results in the operation, we never to find two days are the same, that is a fact, but if we complicate the thing changing schedules, press releases and other details, it becomes more difficult the case, for example the European market is very different from North American market, the impact of this their statements. This topic is long and hard but this is done only if you are truly committed to the forex market, because, well first to create a discipline is always creating a process that must follow, it helps to have good results in the operation, we never to find two days are the same, that is a fact, but if we complicate the thing changing schedules, press releases and other details, it becomes more difficult the case, for example the European market is very different from North American market, the impact of this their statements.
I recommend to all those who wish to continue effective operation the following points. I recommend to all those who wish to continue effective operation the following points.
1. 1. Determine Determine the Target Goal
2. 2. Create Creating Strategy Strategy
3. 3. Create a Check-List Create a Check-List
4. 4. Determine the Determine the Hours Hours
5. 5. Create personal trading policies. Create personal trading policies.
If they create and determine the above points I am almost certain to be much more of efficient operation, since they know that work and not just to look for alternatives. If they create and determine the above points I am almost Certain to be much more of efficient operation, since they know that work and not just to look for alternatives.
