Theoretically, to get started we need to have an elaborate strategy and tactics of trade, be fluent in the terminal and the set of our indicators, oscillators, counselors. In addition, we must be psychologically prepared to work with real money (as a rule, your money).

Let's start with the latter. I am convinced that the psychological readiness to be developed in two cumulative ways: understanding aspects of the trade (given by competent study of this issue) and the knowledge of his personal peculiarities of mind and character (here, apparently, can not do without the first pancake is always lumpy, and, perhaps, as in my case, and several of these pancakes.) No one except you will not say how you will react to the profit or loss as you're better off working to restore calm and the mood as you and reckless as you can control your emotions, how and after what time will learn to govern themselves. I know traders who like to solve problems need help not only teachers, but also a hypnotist. By the way, hypnosis as a means to suppress your negative emotions are very effective, but so far malopraktikuem. Probability of initial losses reals explained by the fact that the DC response to your actions is difficult to predict, but that it will - guaranteed.
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Again importantly, recognize the effectiveness of strategies to breakdown, but I was taught not to trust the auto trade - not always an adequate supply of currency has a stroke, it is often only enough strength to cross a certain level and then be spread, as a true breakdown occurs later. Especially since I almost always open on the next candle after the breakdown, in the case immediately after the opening of the breakdown, fear of a deal minimum trailing stop. First, assess the situation and then make a decision about entering the market, the signal formation of a favorable moment for a possible entrance - this is the time of evaluation, and time for this small and easy to miss it.

In addition, very often we are faced with a lateral trend of the currency (or a triangle formed by the flag or pennant - not important - it is important that the currency is "resting" before abruptly to one side), usually after a while, the momentum will continue, but what point, we do not know why charge the fixation of the beginning of this movement automation.

There are also cases where it is necessary to control the sample (more precisely, the intersection) currency support or resistance lines on what - or a time frame - and then automate the nuzho control.

The desire to relieve the trader to monitor and instruct the automation of a breakdown of the range, and prompted me to ask about writing a warning indicator.
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All the tools at their good, but a tool like the Fibonacci levels on your good.

The first line of Fibonacci level to help us determine the next target to be reached that price.

Lines Fibonacci levels can show us the movement both up and down, and they are based, respectively, up and down.

If more detail analyze the Fibonacci levels, we can see that the lines of these levels shows us the support and resistance levels of the market. These levels provided by the broker trading terminal can be replaced by their levels, but as a rule, the levels of which are in the main settings correctly and almost point to point movement of work out.

Fibonacci levels are based on the same wave length, pulling on it, for example on the same wavelength, we will automatically loom levels that make up the percentage ratio of the wavelength on which was stretched level.

With the Fibonacci levels acts the same rule as with the support and resistance levels, ie at twice the breakdown of a single line can be very likely to assume that the price will reach the next level.

Fibonacci lines show us only up to levels which can reach the market, but the end of a trend we do not show. Therefore, the Fibonacci levels should be used in conjunction with other tools of the terminal.
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Let's say, a new trading week, and today is Monday. As usual, traders who hold short-term trading, beginning to work on your trading plan. It seems that all is well and nothing presaged trouble, but at the end of the day, the grand total is negative. For example, you ended the day with a 60 points loss. Is not very funny picture.

Exactly at this time and there is a problem of frustration. It occurs because of loss instead of the expected profit. In short, there was a shift of plans, and most speculators lose heart.

Do not ever do it! Always try to fight until the very end, as it was not all bad, consider why you have a loss, if you want to close the terminal and go back to trading the next day. But do not confuse the concept of "revenge" and "fight"!

Any experienced trader knows that no matter how many points you have earned or lost for the day, it does not matter, and your income for a couple of days. Short-term victory or defeat is not appreciated by traders. You can trade in a positive three days in a row, but later, at the end of the week, all lose. Or conversely, a loss on the first day, but closed with a profit at the end of the week.
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Among the numerous recommendations for improvements frequent trader trader trading journal.

Record all open transactions in the log is necessary for further analysis and study. As I have repeatedly pointed out to the log all transactions made on the open real account and recommended in a separate journal to reflect and deal demo account.

Logging is very disciplined, and ultimately leads to a reduction of erroneous trades offered. Often, after work and it is hard to remember why losing trade was opened.

Not finding anything suitable on the Internet, I had to come up with a magazine and to improve yourself.

The journal is a notebook A4, each a detailed list of which is devoted to one trading day. The top and left side of the log I made a bookmark. From left top to bottom indicate the time of opening, and on top - a couple, the state of all its major signals at the time of discovery and, further, that - a way of closing the transaction (by hand, trans-stop, or take-profit), the closing time and the last is the largest of the graph - notes on transactions.

That is, it came out like this:

The main signals again: conventional (clear to me and in compliance with the my trading system) the designation of a combination of candles, the indicator Trend Power (from 5 minutes to days), a schematic view of stochastic relative levels of 20 and 80 and the lines between themselves and the adx, the position of candles with respect to the indicator Support and Resistant to the previous working, working, and then the time-frame. Lines of Dee Dee and the minus and plus I draw the line itself adx various conventional colors - everything else is black. The notes to note the progress of the transaction and closing time.
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Returning to the market after a break has its own characteristics. As always, should not rush to enter the market, it is better soprisutstvovat on it, to work on a demo account and make sure that the forecasts and calculations are correct and that the recovered psychological balance and tranquility.

As I said earlier, the market is anywhere from us will not go away, but errors caused by too much haste in making decisions or incomplete analysis of the situation, he will not forgive.

I trained myself to realize that the absence in the market - not the loss, but it is a natural passage of trading days and times, especially since the holiday is often necessary day-trader, and during the working week, for example, after intense trading days, or before the approach of a major trade period (say, Friday afternoon trade). Often we think we are quite adequate and efficient, but the analysis of transactions, even breakeven, shows that it is not.

Commit first deal with a real account with maximum precautions. Do not expect much profit from it and do not chase after him, there is important beuzbytochnaya trade, on the third or fourth deal to restore confidence and calm, the ability to fully analizirovant situation (personally tested it myself many times that when you log into the market after a break all psychological, tactical, strategic skills on the first transaction only seem to be fully recovered).

That's just their number and repetition, will depend on you. Forex is a place where the same mistakes you can make up to infinity, until you learn to avoid them.

That's why the most important thing for a trader - is the ability to admit his mistakes, and not just ignore them. Avoiding the problem will not solve this problem! Need to get serious about this and solve the problem when it appears not to be repeated in the future.

A typical example of the practice:

A trader makes a dozen profitable trades, and then open another and begin to understand what was wrong with the direction. He is well aware, knows that it is necessary to close the deal, but for some reason does not. Gradually the loss starts to become more and more, and soon begins to threaten the entire deposit. When things get really bad, or the trader closes the position, or wait until the loss of entire deposit.

This example is the inability to admit mistakes. To become a really good trader, you must learn to quickly recognize their error. Throw away thoughts from himself: "What if the market turns?". For it may be another option: "What if the market does not unfold?" It must be understood. Do not be stupid to hope for good luck. Good luck - it is a capricious lady. Today, she is, and tomorrow - it is not. Believe not in luck - believe in their own knowledge and experience in trading.
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As a rule, it defines clear rules since entering the market, placing orders Stop Loss and Take Profit, refilling and partial closing of positions, the movement of the set of orders and the final closure of positions at a profit or minimum loss.

The trading system can give a true and false signals. If at a certain time interval, the number of signals that have yielded a profit, losing more than the number of signals, this system allows the trader to successfully earn money on the Forex market.
With absolute precision to predict the behavior of the market in the future is impossible, so the proportion of false alarms will always be present in even the most experienced and successful trader.

The aim of any trader - to reduce losing trades to a minimum, and for us to bring in the profits of any transaction.

Based on this logical question arises: "How can withdraw from the deal unprofitable losses and closed with a huge drawdown or loss of deposit?"

Most traders can certainly answer that to limit the level of loss is necessary to apply Stop Loss on open orders, no doubt, partly because it is this instrument and is intended to limit losses, again to limit ubyka, not losing trades to display in the profits.

But we are faced with the purpose to close loss-making transaction in the profit and not to limit the damage from it.
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