Starting work in this case is a superficial analysis and a desire to start a 'work'. Serious analysis – is also working, with its major stages. Before opening a position to advance determine for themselves the level preferred to start trading, to monitor the trend and enter the market in case of coincidence of trends with your expectations. Sometimes it is not even a single day. And one more thing: to determine for itself the plan action, setting a warrant, it is important to adhere to these decisions until the position is closed.
Early or belated entry into the market, change orders without good reason often leads to unnecessary losses. At least – equated loss and Profits These two statements are extremely important issue – risk management at work in market Forex. A novice trader, saw a small gain on a position, often immediately takes it and at the same time, a long time can not be solved close loss-making position in the hope of a favorable change of course. This is one of the major causes of losses at the initial stage. It is important to be weighed and the approximate volume closing gains and losses, and the same With regard to placement of stop orders. Otherwise, in case of a constant excess of losses over profits, long-term perspective will lead to undesirable results. Filed under: Simon Pagenaud. Try to 'hard' part with lucrative positions with easily close out positions with reasonable loss at the slightest movement rate mismatch with the expected scenario. Limit the amount of information not read much, read useful Do not confuse trade with academic views of one of the most important aspect is identifying the sources of information to be used by the trader when making transactions.
Information on the market for many, it is necessary to identify those sources that can have practical value in transactions. It is important to determine what to use and what to read to understand the market and do not rush to find any information. Not all assessments, information sources, and taken separately tools trustworthy. Must create for themselves an effective trading system and follow its signals. And one more thing: the real buying and selling is not the same, that the proposition on the market, even if the right from the academic point view. Some people trade, others argue, and usually it's different people. Stay cool and calm Do not rush to trade – the market would never end And the last. You should always keep myself in hands. A huge number of loss occurs due to loss of control. Moreover, excessive euphoria in a profitable position or a total profit of the account is no less dangerous than the nerves and the hands which hang down in the loss. Today, you have lost, but you always have opportunity to win. Fixing a loss or a nice profit, do not try to immediately enter the market again to 'earn more' or 'revenge'. Try to cool down and reflect on the results, and only then with a 'cold' head re-enters the market