Exchange trading, just as the Internet, violently broke into our lives. And if the first network was used primarily as a communicative tool of communication, today the Internet - a tool for conducting their own business. Turning to forex, I want to see that some traders who were trading in the forex market forex, make a decent state for quite a short time.
But there is another group of investors - they are people who have suffered devastating losses. In more trouble these traders is that they do not adhere to basic rules of trade.
Success in any profession can be divided into a number of factors. Trading on the forex market forex in this case is no different. Therefore successful trading strategy includes the following six factors:
1. You must be able to assess their strength and capabilities. Therefore, whenever there are favorable situation must be able to calculate in advance their prospects for the opening position.
2. Discipline trade. It makes no sense to trade forex, if you can not control their actions and to subject them to a reasonable motivation. That ability to keep himself in hand, follow a certain advance of the strategy and is one of the factors of successful trading.
3. Money Management. You must be able to manage your assets. Advance is to calculate all the risks, assess their own financial capabilities and act in accordance with them. The desire to earn a lot and once, just as obsessive thoughts about large profits to distract from the trade, so try not to think about it, and focus directly on trade.
4. Create a plan for forex trading. With such a plan, you will clearly realize that you are doing. In addition, the advance figure out all possible scenarios of developments on the forex market, forex, you best protect yourself against accidental loss. Therefore we should not forget that the plan allows you to focus on the performance of pre-planned actions, and not be distracted.
5. Responsibility. All the responsibility rests entirely on the forex trader forex. Profit or loss, success or failure determine the level of training, dedication and discipline of the trader forex.
6. One should never go to extremes. Even if the situation does not develop in your favor, you will surely need to be able to fix the damages. The desire to risk large sums of money can result in loss of deposit. Therefore, the losses as profits, must be regarded as an integral part of the exchange trading forex
But there is another group of investors - they are people who have suffered devastating losses. In more trouble these traders is that they do not adhere to basic rules of trade.
Success in any profession can be divided into a number of factors. Trading on the forex market forex in this case is no different. Therefore successful trading strategy includes the following six factors:
1. You must be able to assess their strength and capabilities. Therefore, whenever there are favorable situation must be able to calculate in advance their prospects for the opening position.
2. Discipline trade. It makes no sense to trade forex, if you can not control their actions and to subject them to a reasonable motivation. That ability to keep himself in hand, follow a certain advance of the strategy and is one of the factors of successful trading.
3. Money Management. You must be able to manage your assets. Advance is to calculate all the risks, assess their own financial capabilities and act in accordance with them. The desire to earn a lot and once, just as obsessive thoughts about large profits to distract from the trade, so try not to think about it, and focus directly on trade.
4. Create a plan for forex trading. With such a plan, you will clearly realize that you are doing. In addition, the advance figure out all possible scenarios of developments on the forex market, forex, you best protect yourself against accidental loss. Therefore we should not forget that the plan allows you to focus on the performance of pre-planned actions, and not be distracted.
5. Responsibility. All the responsibility rests entirely on the forex trader forex. Profit or loss, success or failure determine the level of training, dedication and discipline of the trader forex.
6. One should never go to extremes. Even if the situation does not develop in your favor, you will surely need to be able to fix the damages. The desire to risk large sums of money can result in loss of deposit. Therefore, the losses as profits, must be regarded as an integral part of the exchange trading forex
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