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 How to earn, strategy, the analysis and testing of signals on Forex.
HOW TO EARN is a trick
- We read news if across the Europe they good, or anyway quite good, and across the USA - awful the rate of euro/dollar will grow most likely, and it is necessary to think of opening the transaction on this tool aside purchases.
- We look at the schedule of euro/dollar if it grows with purchase it is possible and will hurry, and if falls, it is necessary to wait for a turn upward. It would be quite good to study a condition of technical indicators and to estimate waves on the schedule.
- If the decision on purchase we cause the warrant is accepted, we fill it and we direct to the broker, then we wait, when on the account the profit is formed, and the rate of euro/dollar will go downwards - then we do the transaction on sale of this tool.
- As a result - net profit.
It certainly an ideal variant of trade on forex, it is necessary still more some advice.
It is necessary to train
As a matter of fact, it is a question of a permanent job on a demo the account, and it is better on several trading demos accounts that is necessary for:
- Maintenance of in a tone.
- To development of "feeling of the market".
- Testings of new trading techniques.
- Analysis of mistakes on the real account.
The probability of fulfillment of profitable transactions on the real account raises, if tried by you on a demo the account the method of trade has given positive result. To train it is necessary in case you only begin trade on forex and even if you already have experience of real trade and the more so if you already skilled trader.
It is necessary to search for different tactics.
Feature forex consists that game rules on it constantly vary. On scientific this property refers to as "non-standard" that means, that if you have found profitable tactics (a set of technical indicators, figures, have correctly picked up waves, any rule under the fundamental analysis works) long it will not hold on - there will be new economic conditions which will force you to count up all over again losses on profitable there is no time trading system, then to reflect why this system has ceased to work, and then and to search new. It is better to have some techniques of game in a stock.
It is impossible to stint.
Surprisingly, but the fact - still has managed nobody to receive profit, working as the minimal volume of the deposit. It is necessary for you to observe rules of management of the capital and restrictions of losses, and for this purpose the attitude of the deposit to volume of the open position should be no more 1:10, instead of 1:200, as at a rate of a credit shoulder. It will be better, if your initial investments on the account will make not less $1000.
About tactics
In opinion the trader of community, is four tactics which are capable to give profit:
- The first - pip sing, i.e. opening/closing of the transaction within several minutes in hope for pair-three pips profits under not market quotations. On a demo it is done very much even easily, on the real account it is possible even to not try - the broker very precisely cuts not market quotations.
- The second - trade on change of intraday time trends from session to session. The direction of the tenders at the European session to opposite movement in the Tokyo market which, in turn, goes against closing the American session is usual.
- The third - intrasessional trade with the purpose "to earn" 30-50 items.
- The fourth - long item struggle on intermediate term trends from a week before couple of months. Demands precise trading system and strategy, and also the big capital.
USEFUL ADVICE from MasterForex, Sabunaev Nikolay.
Do not play against the market.
The market always has the certain direction of movement though makes inside of a strong trend of fluctuation upwards and downwards. It is important to understand "mood" of the market and the majority of positions to open aside strong movement of the market. Other friends, except for a trend, in the market are not present more. To catch short recoils, experience and skill is required, therefore in the beginning it is better to try to win gradually on strong movement.
Do not catch peaks - catch strategy.
The first statement has more likely character of a playful axiom. The basic sense of the market just also consists in buying below, and to sell above. Important correctly to define the moment of an input in the market - where a bottom, and where top. For the beginning trader it is necessary to try to define more likely not top or a bottom of the current tendency, and correctly to understand dominating mood of the market and to build the game, proceeding from it. In this sense last statement is crossed with previous. For successful game in this market it is necessary to predict correctly more likely expectations of its participants during the concrete moment of time, rather than to build "correct" from the academic and technical points of view the forecast of movement of the market.
Do not trade under the schedule - the decision should ripen.
Very much an important point in trade is definition of the moment of an input in the market, and also, naturally, and an output from trade. Do not enter into the market at not clear situation or if occuring fluctuations are not entered in one of expected scripts; and also try to fix whenever possible earlier the open positions as during the periods of chaotic movement the risk of reception of losses is greatest. A bad habit also is, when the beginning trader, sowing for a computer, starts to search convulsively for the tool and a direction in which it is possible to open. The beginning of work is in this case the superficial analysis and desire to start "to work". Never enter into the market because to you has bothered to be outside of the market.
To be outside of a position is too a position.
The serious analysis is too work, and its major stage. Do not begin trade without the plan. Before opening of a position it is necessary to define in advance for itself a level preferable for the beginning of trade, a level which is optimum for fixing profit, and also a level where it becomes clear, that your forecast was not justified and closed a position. Further it is necessary to watch development of a trend and to enter into the market in case of concurrence of trends to your expectations. It is better to not trade absolutely and to wait for the moment, than to open unprofitable transactions. And one more: having defined for itself a plan of action, having established warrants, it is important to adhere to these decisions before closing a position. The early or overdue input in the market, change of warrants without the weighty reasons often leads to unjustified losses. The important tool in realization of plans is resoluteness. Indecision in realization of plans can have the same pitiable role, as well as wrong forecasting of the market.
At least - equalize loss and profit.
These two statements concern to the extremely important question - to regulation of risks at work in market Forex. The beginning trader, having seen small profit on a position, often at once fixes it, and at the same time long does not dare to close an unprofitable position in hope for favorable change of a rate. It is one of principal causes of losses at the initial stage. It is important to commensurate closed profits and losses on volume and to operate so that profit on each separate position there was more, than a loss on similar. The same concerns accommodations stop-orders - predicting and exposing stops, try, that the possible profit was more, than the loss. Otherwise, in case of constant excess of losses over profits the long-term prospect will lead to undesirable result. If your forecast comes true, do not hasten to be closed more quickly, wait for its full execution. Try to not hasten and "hard" to leave with profitable positions and ease, and the main thing, resolutely to close positions with the reasonable loss at the slightest discrepancy of movement of a rate with the prospective script.
Strategy of game should have safety factor.
Limit risks. Operate so that never to appear in position when all maneuver is excluded and the control over carrying out of operations is lost. Correctly distribute risks depending on strategy of your game. How the market was combined and unpredictable, all variants should keep within your strategy. Try, that never natural stop loss became the size of your capital. The broker companies often limit possible risks by means of a rule margin call when at achievement of the certain level of losses from the general deposit there is an automatic closing a position. In this connection, that at adverse change of a rate there was no not planned closing and fixation of the loss, it is desirable to grant on the account the sum a little bit greater, than you consider possible to lose. The parity between a brave part of the capital and the sum of investments should not be less, than 1:2. For example, if you are ready to risk no more than 1000 dollars the desirable size of the opened account should be up to standard 3000 - of 4000 dollars. Thus even if your capital is insignificant, nevertheless try, that losses on one open position made a maximum 1/3 brave parts of the enclosed capital. However thus it is necessary to abstain from temptation of inclusion in risks of the greater sum, than it was planned to not receive the losses which are not keeping within your financial opportunities. At the initial stage it is important to win not so much, how many to not lose more put. Thought over and correctly placed stop order - the major moment in achievement of successful results. If the market goes not to your party, the nobility is much quieter, that the worst is stipulated in advance and does not bear irreparable damage.
Limit quantity of the information.
Do not read much, read useful.
One of the major moments is definition of sources of the information which the trader will use at fulfillment of operations. Information in the market much, it is necessary to define those sources which can have applied value at fulfillment of transactions. It is important to define, than to use and what to read for understanding of the market, and to not run in searches of any information. Not all estimations, information sources and separately taken technical tools are reliable. Create for itself effective trading system and follow its signals. On the other hand excessive congestion of trading system even the most advanced and complex indicators can also is negative influence result, as absence of the analysis at all. It is necessary to improve constantly own knowledge and on this basis own system of trade, allocating the tools yielding practical results. And one more: Real purchase or sale not one and too, that judgement about the market, let even correct from the academic point of view. One people trade, others argue, and usually it is different people.
Analyze the market and. Conduct records.
It is important to understand, that is necessary to be engaged not only forecasting of the market, but also the analysis already occured. Closely trace and analyze the reasons of movements of the market. One of laws of the technical analysis says - the history always repeats. Probably, the analysis of a situation will make in the future profit. Except for the market, closely analyze the transactions. Understanding of the reasons as losses, and profit - the tool for exception of the first and recurrences of the second. Distinction between getting in the market and losing there is not so much in natural abilities, how many in ability is disciplined to study the mistakes. Do not hesitate to conduct record. Written much easier easy to estimate and analyse, than a storm of emotions in a head.
Remain cool.
Take your time to trade - the market never will terminate.
And the last. The huge role in success of trade is played with human psychology. It is necessary to behave always in hands. The huge quantity of losses is the result of loss of self-checking. And excessive euphoria at a profitable position or total profit under the account is not less dangerous, than nerves and the fallen hands at losses. You have accepted loss? Forget about it quickly. You have received profit? Forget about it even more quickly. Do not allow egoism and greed to stir to you clearly to think and persistently to work. All traders from time to time experience strong stress and incur losses. The anxiety, frustration, depression, sometimes despair are a part of game in the market. Successful trading is combined and often accompanied by negative emotions. Let's emotions operate your trade. Concentrate that you do. Trade on the basis of the informed, rational decisions, instead of emotions and imaginations. Today you have lost, but you always have an opportunity to win. Having fixed the loss or good profit, do not try to enter there and then into the market again that " to earn still " or "to recoup". Try to cool down and comprehend results, and only after that with a "cold" head again enter the market. The challenge in trade - not a prediction, and self-checking. Enemies of the trader who conduct it to destruction: ignorance, greed, fear and hope. Though these internal enemies will be never won, but ordering of trade, the control over risks, introspection can minimize their negative influence. The most important element of successful trade are you.
As the help for me currency pairs AUD/USD, USD/CAD, USD/JPY which for 5-10 seconds prior to the beginning of movement of other pairs, begin the first sharp one-way traffic in relation to dollar serve.
CONCLUSIONS for practical work on forex:
a) If rate AUD/USD grows, and USD/CAD and USDJ/PY fall, on currency pairs GBP/USD and EUR/USD at least it is impossible to put on "sell" and as a maximum it is necessary to be going to open the transaction on "buy".
b) If rates AUD/USD and USD/CAD cost, and GBP/USD and EUR/USD grow, this growth short means and on the next peak of growth it is necessary to close transactions on "buy" on GBP/USD and EUR/USD since at them this growth has not begun a short-term trend, and flutes. And according to rules of work on a flute on peak of growth GBP/USD and EUR/USD (a fractal upwards), it is possible to open the transaction in the opposite party (Stop-loss on 5-7 items above this fractal upwards + acknowledgement, that AUD/USD has started to fall, and USD/CAD, USD/CHF and USD/JPY to grow.
c) Ideal situation for correct opening transactions on GBP/USD and EUR/USD and a capture for trading session not less than 40-50 items on each of currency pairs allies - pass levels of resistance (support) in all currency pairs, namely AUD/USD in one party, and USD/CAD, USD/CHF and USD/JPY in opposite.
1 POSTULATE. All currency pairs move from a level to a level of the resistance or support. Pass of a level resistance 1 leads to movement, to a level of resistance 2. Not pass of a level of resistance 2 conducts to a stop and to recoil of currency pair from a level 2 to a level 1.
CONCLUSION for practical work on forex: pass after the beginning of movement even in two currency pairs after the first level STILL and the second - an attribute of that GBP/USD and EUR/USD AS will be punched with the second levels and will direct from the second level to the third levels of the resistance or support.
2 POSTULATE, movement of currency pairs on forex are not synchronous and simultaneous. The first begin movement WHO THAT of three following currency pairs: USD/JPY, AUD/USD or USD/CAD.
CONCLUSION for practical work on forex: the trader still has time for correct opening transactions on GBP/USD and EUR/USD (in one party) and on USD/CHF (in the opposite party) since from the moment of start USD/JPY, AUD/USD and USD/CAD passes 5 and more minutes BEFORE start of my basic working pairs - GBP/USD, EUR/USD and USD/CHF.
Therefore, I almost do not work on currency pairs USD/JPY, AUD/USD and USD/CAD, despite of strong movement of the first and last since these currency pairs carry out for me a role of the most objective technical forex indicator.
Frequent mistakes.
Greed.
The trader is guided more by the size of the deposit, than on the schedule of a rate of exchange. In it its basic mistake also consists - the size of current profit or the loss on the account will tell nothing about the further opportunity of its change. Your greed is expressed that you fix profit as soon as it has exceeded your charges on conducting a position in spite of the fact that the market still goes upwards, and losses cannot fix in hope for a turn of a rate in the future. That, you as the rabbit, sitting before a boa, look at how your deposit thaws, not in forces to close unprofitable positions. Not be greedy, estimate first of all the market, and money - in the second.
Unsystematic character.
90 % of all traders cannot distinctly explain, why they make this or that transaction or why in one case take in calculation those factors which then exclude from decision-making, i.e. they do not have system of game. In one cases you look at news, in others are guided on technical indicators, and it depends more likely on your spirit and another's opinion, than from the analysis of the last mistakes. Absence of a set of rules and factors on the basis of which the decision makes, leads to that in the future it is impossible to analyse mistakes and to estimate efficiency of your work.
Susceptibility to emotional decisions.
Working in the financial markets, earn not many, but everyone lose, lose nerves. This loss leads to that instead of the considered decision "to wait for Tuesday to open after data of Monday" you, watching a jumping rate, do the transaction on Friday and lose on it not only interest, but also a turn of a trend. Besides your emotions change initial calculation, for example, one of the most widespread emotional mistakes is change of an initial level stop loss in hope that " the market will be developed just below 10 items of my stop, therefore it needs to be shifted or in general to cancel ". Remember - ESTABLISHED STOP LOSS CANNOT be CANCELLED!
Desire to receive result at once.
If you count, that will earn on 7-th model BMW for the first month of work because the first 2 transactions have appeared profitable you it is very a pity to me. Accept for an axiom - for the first 3-6 months of real work loss old OPEL - very much even quite good result is better. The first positive results - accident which, however, happens from 90 % of investors. Losses Further follow, and your future depends on, whether you are ready to them or not. If are ready, consider, that you pay for the invaluable experience which will bring to you in a year stable earnings if is not present your mistakes will pass all for nothing. On Forex it is possible to earn casually much, it is possible to earn casually much some times - but to earn much constantly, counting only on a case or on success - it is impossible. For this purpose experience and the received theoretical knowledge are necessary. Earlier in half a year-year you will not have neither that, nor another. Well and if you win all, urgently put in forex in 100 times more because you are a tremendous lucky and while success has not left you - take from it everything, that is possible!!!
Simplifications.
On a site of one known Russian - Swiss financial company Sovereign Finance Group are the table of rules of reaction of a rate of exchange on economic data of type "if rates have grown, the rate goes upwards". Such rules there the order 30. And so if you will not observe them, will lose much, and if will be - for that will lose even more. A chess piece that the given rules are the SIMPLIFIED REPRESENTATIONS of situations which in the pure state in economy do not happen, and go always in pairs, and conclusions from these rules in 90 % cases each other contradict. It is necessary to follow not blindly to the same rule, and to build their chains and TO CHOOSE PRIORITY RULES FOR the CONCRETE CURRENT SITUATION. For example, rates in the USA have raised. On idea the dollar should grow. But! If the most part of foreign investments is in the American actions, and the economic situation is those, that growth of rates can cause problems in the share market most likely the dollar exchange rate will fall. Such usually happens in the end of the period of economic growth. Here if rates grew in the beginning of a business cycle when the share market has already gained in strength growth of dollar would be conclusive. Actually yours " the simple rule " expands up to " if there was an event "A", thus "B" it is more than earlier, "C" same, and on "D" decrease, most likely is expected: " it is necessary to think a little more ". Though even in such form it not such and complex.
Negligence and hope for technics.
"I have exposed a limit" and a server of the broker have accepted inquiry about installation of a limit under the transaction "A" client "B" are two greater differences. Between these two phrases the weight of a cable and the software of the client, a server, the Internet which has bad property to be switched off during the moment of sending of the important inquiry on a position lays. As a result you lose money, and claims to the broker are groundless, as FROM YOU ANY APPLICATIONS DID NOT COME! It is recommended always after realization of action in trading system to wait acknowledgement of its execution, and to remember phone of the broker better, than birthday of the wife, on a case of breakage of communication and urgent fulfillment of transactions. It is better to give it a gift at date of a birth in a week, than to not make absolutely.
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