Criteria for the professional trader

Source Forex | Tips for beginners


Misconception about professional traders. Theory of a loser and a professional. Trading, as a way of life.

-Who is considered to be a professional trader?
- Probably the one who earns money in Forex ...
-Well, losers earn too sometimes, so can we have stability?
- Yes, of course, stability is the second criterion.
-What is the period of stability?
- I do not know ... maybe years.
-When he starts to lose money after several years of successful trading, he will be successful?
- No ... I do not know ...

This conversation will be with the majority of novice traders.

They do not realize that a professional trader - this is not just a person who consistently makes money, the trader - this is not just a profession, is the image and lifestyle.

The trader does not matter how much it will be stable, as well as how much is enough for his deposit. Each fall may foreshadow a new growth. Businesses do not survive because of some losses, while at the same time, they cherish their deposits as reserves of oxygen.
Wake trader middle of the night and he will tell his current position, goals, and the first thing a potential loss. The trader is always watching their assets and does not miss any information referring to, because he can not afford it.

Each morning begins with a trader's trading plan, which includes:
A. The most favorable positions.
Two. News.
Three. The potential loss.

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Category: Tips for beginners

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How to get started quickly progress into trading?

Source Forex | Tips for beginners


First of all, you need to understand what you're doing wrong?

Most traders are about 80% of their time spent on repetition of improper trading practices. After that comes some understanding of why they continue to lose a deposit for a deposit.

The remaining 20% ​​of the time they spend on awareness of this moment, and then there is their personality, and with it, and professional growth.

If you have a long time there is no forward movement, it should stop, think about everything you do, try to understand first of all in yourself and what you need, so you moved on. You should not look for the "beaten" tracks, but you need to find their own. Every trader is his own.

Most likely, until you have the correct and incorrect understanding of successful trading.

There is the infamous statement that a trader sells his beliefs. That it belongs to you. And most of all, you are wrong. It would be nice to work on them. Many are traded every day, losing their deposits, they think that they learn, and come the day when the deposit is invested will be the last. In fact, this period may be prolonged indefinitely, can be months, maybe years, before you change your beliefs. Do you have depression begins, and you think that the market can not make money. You start to try the method of procedure, time after time giving up on them.
And why does not work?

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Category: Tips for beginners

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No deposit bonus - a good start in the Forex

Source Forex | Tips for beginners


I decided to present some information on the broker provides to its customers, the so-called no deposit bonus, free forex trading is a kind of deposit , through which new traders can "test your strength" in the trade in the Forex market.
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No deposit bonus NordFx

Broker NordFx provides a welcome bonus of 8 USD for accounts such as «Welcome», account data when opening the account are immediately given a bonus that is written off during the first deriving profit.

Read more ...
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No deposit bonus RoboForex

Company RoboForex the registration provides its clients with a no deposit bonus of USD 15 a so-called «Welcame Bonus 2.0». Said bonus is granted only once and only on cent accounts.

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Category: Tips for beginners

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Trading during the holidays

Source Forex | Tips for beginners


For novice traders trading in the festival are very tempting. It may be hard to stay calm and take a break?

To make it easier to decide on this, let's look at some reasons why you should avoid trading during the holidays.

A. Low liquidity
As a rule, banks are closed on holidays, and professional traders and large institutions are on vacation. Because of this two-way trade is very limited. This means that prices can be very easy to move in one direction, and will be very sudden appearance of a big deal.

Two. Unexpected behavior
Based on previous concepts of liquidity, and sometimes surprising events still occur, because the markets are moving very quickly and dramatically. The jump can happen in an instant, and if you sell at this point in the market, the possible negative consequences will affect you before, as an opportunity to act.

Three. Omission
Unexpected behavior is usually the exception rather than the rule. Most of the time in the Forex market on holidays, there are very few transactions. For day trading technical analysis is usually not effective. The market is generally so slow that even if you can make money, they will be so small that it is not worth it.

4. Everyone needs personal time
First of all, you should not trade on public holidays, because you also need a rest. It is better to take a vacation and spend it with my family. Such moments do not often drop out, and it is better to use this free time, while you can.
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Category: Tips for beginners

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Deciding on the Forex market

Source Forex | Tips for beginners


Many novice traders who came to the Forex market is very interested in the question: at what time interval is best to work with?


This question is quite relevant, since trade is open around the clock, but rates change its value every minute. Because it is very important not to miss the right time.
Forex Beginners usually learn the basics of trading short-term charts, they think it's easier to make money. But the statistics to the contrary, 90% of them lose their capital in a few months, the remaining 10% if they do not change the trading system is waiting the same fate, only a little later. The reason for this lack of training beginners in psychological terms, their inability to control their own emotions.
Traders work on short-term charts to make quick and important decisions, they do not have time to think. Not all are capable of, especially new traders.

Many also do not want to admit their inability to work on short-term charts, so make the same mistakes all the time.

Out of this situation, only one - to start trading on the medium and long term charts.

So inexperienced trader can not rush and think about their decisions, negative approach, this solution is the psychological pressure of the situation on the Forex players.
Professional development should be based trader at the transition from simple to complex, because after development on the long-term and medium-term markets, the player moves to trade for a short time interval.
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Category: Tips for beginners

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How to cultivate an adequate attitude to the market?

Source Forex | Tips for beginners


Learn how to adequately treat the market a very difficult task. Especially in the initial path.
The most important thing to know and understand for themselves - the market is not designed to enhance one's financial situation. Money in the market did not appear out of thin air, and not lost in an unknown direction. If anyone has earned the money, it means that someone has lost them. It is a truism. So do not be so naive. You should always try to use sound logic and cold reason.

Novice traders should also understand that one of the key qualities of a successful trader, which distinguishes it from others is not the ability to analyze the market and the ability to quickly and accurately make decisions based on what is happening in the market. As long as you do not understand, a good trading will be closed to you. Only an understanding of what the market is primarily designed for the big players (primarily for commercial and central banks, then all the others).

Market care who you are and what your financial situation. He tirelessly travels in a certain direction, which was born of supply and demand. Trading in the market Forex , you interfere in a major financial process in which you personally do not play any role. You simply use this great tool for the money to invest their funds. But soon all this will come to your understanding the better.

Therefore, I wish you every success in speculation and clear the adequate relationship to the market. Just as he was treated very professionally.

Category: Tips for beginners

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Leverage. How to choose the leverage?

Source Forex | Tips for beginners


Every newbie, coming to any Dealing Center, immediately faced his first challenge: the problem of choice.

What leverage is better to choose either a 1:1 or 1:500, why the difference? With this we try to understand.

As we know, no, even the most profitable, trading system which works well for one trader will not work for another. Why not? The answer is obvious. Trader - it's just a man with his character, his habits, at the end of their financial capabilities. So we are all different. Therefore, a novice someone advises to take the leverage of 1:10, 1:500 and someone.

How can that be?

It's very simple leverage - the ratio of equity to credit, which provides you chose, Dealing Center.

Arriving on the Forex, you want to increase their capital, but large amounts of dangerous risks. As a rule, every day, any currency pair makes a movement of less than 1%. Therefore, trading only at their own expense, at least you extract the most profit. It is clear that without the assistance of not enough. And this assistance is provided to you dealing center in the form of leverage.

How to be the size of the leverage? Forex trading can be likened to a bird flying. What is more the size of a bird's wing, the greater the scope, and thus it can fly higher and longer. With regard to the trading floor, this means that the larger the leverage, the more profit you can get. But we can not forget about the loss. After all, with great leverage and increases the size of the losses at the opening of the transaction is not a trend. In order to reduce the risk of losses do not forget to use stop-loss.
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Category: Tips for beginners

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When to start work in the real world?



Getting started on a real account is a very important moment in the professional fate of the trader. From him to a large extent depends on the success of future activities.

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.
Read the article When to start work in the real world?

Category: From the trader's Vitali , tips for beginners

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