Probably everyone who comes to the market, I heard that only 10 percent of traders actually make money in this business, but how do they do it? What is their thinking, what strategy they use and how to sell? What is their success, and that successful forex traders make, in contrast to the other 90% of people who are constantly losing money?
Today I opened a part of the veil and give answers to some questions, so that you can improve your trading and efficiency of your transactions.
Reduce speed, successful forex traders trade frequently.
How often do you trade? One deal in a week? Three days a week? Twenty per day? If you trade too actively, continually changing their decisions, then you may as well not have taken major decisions? If you do not enter the number of successful traders is likely to trade more than necessary.
My personal breakthrough in trade it was the realization that the big money is made with patience. It is better to wait for the ideal or most favorable conditions for entry than ever to take on unnecessary risk.
Most beginners and stubborn traders do not realize that making smaller transactions, they increase the chances of making a profitable trade. Arm yourself with patience and try to make accurate "gunfire" in the trader's profession better than to shoot to kill in the hope to catch anything. Awareness and adoption of this rule will allow you to eventually walk away with more money markets. One of the things that makes 10 per cent of those successful traders, you do not - wait, look for the most win-win deal. Patience always pays off. Successful traders do not use the hackneyed strategies money management, on the similarity of "the risk of each transaction shall not exceed 2% of the total deposit", instead they treat each situation separately, individually calculating the potential risk and earnings in dollars.
successful forex trader
This mathematics at level 3 class. More transactions - more chances to make a mistake, and less likely to profit. For example, read the article "Why the long-term forex trading system work better?". Patient and precise trader not only makes fewer mistakes, but also easier to tolerate psychological burdens trade.
No man is an island.
Remember that all the other market players your opponents, they come to the market to take your money and put them in his pocket. Win - means to outsmart other traders (theme development). Each transaction requires careful planning. If you cut corners, looking for "short way" or you just too lazy to make at least some effort, you should know that your enemy will not allow itself. You see? You must be confident that every effort, have done everything possible in order to increase the chances of a favorable outcome of the transaction. This is the only way to break out of the cherished 10 percent of successful forex traders.
The market is not infrequently happens that a trader coming in spite of the established trends and trends (logical and natural for the majority of market participants), break the bank and takes off every last penny. So do the big players.
So next time you're in something sure, look at it from the other, opposite side, perhaps this is not what it seems at first glance.
successful forex trader
This is how the market - cheating beginners and takes all of those who came for "fast" money. Be aware of other people who are playing against you, and make a bet in opposition to you, their opinions and self-righteous as strong as you. Put yourself in their shoes, think about why they are playing for a fall when the market is growing and why buy when everything falls? If after that your point of view has not changed, and you think your deal makes sense, then trust yourself and stay in the game (strategy of this philosophy).
If you do not love your job, you will not achieve success.
This rule applies to the gambling. All great traders love markets, finance was their passion. For them, the trade was not a chore, it was not too lazy to look at charts or analyze transactions. If you want to succeed in the market, you have to give him 100%. I've never met a successful trader, who was not obsessed with the market and did not like what he does. They live it, part of their market, and if you want to be among the 10 percent, the market should become a part of you.
Wrong foot destroy you.
Control risks and correctly placed stop loss are very important factors in the long-term success of any experienced trader. Stop loss is not only a tool for risk management, but also the reason why the trader out of the deal, the stop loss order gives a strong slap in the face, which instantly returns to earth in the harsh reality. Most traders place their stops in public places such clusters, and often they are far enough away from the entry point.
successful forex trader
Stop should not be placed randomly, or be the same all the time (for example, 50 points), it must make sense and be relevant in the current commercial realities. I will not dwell on it, except to say that most traders put a stop completely pointless, instead of placing it at the technical level or psychological level. Such an approach can even destroy the most ideal deal with an ideal analysis, performed a perfect trader.
The market always moves farther than you think.
A major role in shaping the trend plays a psychology of market participants, even if the preconditions for the continuation of the trend already disappeared, then, thanks to the late traders who are trying to catch up with the departing train, price inertia retains its direction. The established trend attracts everyone's attention, and more and more players want to tear off a piece of your profits. When the presence of a trend becomes clear even grandmothers on the bench at the door, the music begins to gradually subside - this is the end of a trend.
Novice traders often try to make trades against the trend in the hope of catching the top or bottom. They believe that rises soon starts to fall, or vice versa, that the drops will increase. Traders perpetrators of such attempts to "beat" the market will always be a loser. Just look at the price charts to understand what the market this model of behavior is not typical!
If the market there is a steady trend over a long period, it will persist until, until it becomes clear clear that the trend has changed. The main enemy of the trader in this situation - the emotions and unnecessary analysis.
successful forex trader
Every time you see a sharp move in a certain direction, and start thinking "or roll back the price will continue to move", the schedule begins again to rise or fall. This is a common situation. The longer the trend continues, the greater the impetus it accumulates, and an increasing number of people are trying to catch him. Less experienced traders are the last who sits in the train. They are afraid to miss the chance to make "quick money", so ignore everything for possible profit, but ended up buying at the peak and sell at the bottom.
If there is a trend, traders cast foot and open position with large volumes of transactions or uncoated, such actions will undoubtedly feed direction. This is quite a natural process. In a bull market, during the formation of new highs, more and more there is speculation that the bears are exhausted, their feet torn off, they go out of short positions, etc., which further adds fuel to the fire and shopping are growing by leaps and bounds.
Again, going back to the psychology, thought novice traders that the price is too high or the market is overbought, often wrong. In most cases, the market will continue to grow, so try to avoid playing against the trend, do not stand in the way of speeding express train. The only way to know, ended a trend or not, is the emergence and formation of a new trend.
Take a look at examples of strong trends that have been developing quite rapidly. They continued to move (and remain) in the framework of makrotrenda while collecting stops many catchers market highs and lows.
successful forex trader
Do not be afraid of risk, to be sure in their actions.
Successful forex trader must be persistent and not afraid of risk, as well as the emotion that goes with it. You will not earn a penny, if not control their emotions and risk. The market is a place for a strong spirit. Those 10 percent of traders who make money and constantly derive profits from their accounts, do not feel regret about the missed opportunities or loss-making transactions. They are not trying to catch up, or to quickly recoup in case of losses. You must be able to take blows in order to fight another day (other error).
To become one of the 10 percent of successful traders and make money on the market in the long term, to keep emotions under control and act calmly, even if the previous days were not very successful. Think positively, tell and prove yourself that your trade is profitable and you are ready to make a good trade. Act as a professional, to become them. You will not believe how easy it is nadressirovat brain, just need to follow the rules from day to day. Soon the mind will take it, and your professionalism will be natural.
I can guarantee you one thing - the market quickly will eat you if you do not sit at the trading terminal with a cool head and are determined to make money.
Successful forex traders follow their policies and beliefs.
In fact, the market has two results - a gain or loss. The price moves either up or down, it's simple.
successful forex trader
Strikingly, but traders sometimes come so far in my reflections and analyzes that do not see a simple market dynamics. For many traders trade is a complex and sophisticated process, and they are trying to create a mathematical model and multistep strategy, applicable for all markets and all instruments. In fact, you need to focus only on price and its behavior.
It's no secret that my trade is based on the price action, in other words, the behavior of prices in a certain period of time. On the one hand simple, but on the other hand is a very powerful form of market analysis. For successful trading is quite simple logic, nothing complicated it is not necessary to invent. As I said, the market is either up or down, so drop a complicated analysis, do not create unnecessary obstacles themselves.
If you know the general price movements, are able to identify key levels on the charts and become aware of the importance of the general trend in the market, then you are on your way to success. Look at the market clearly, without rose-colored glasses, in contrast to other traders. Think like a professional and you will increase your chances of survival in this jungle we call market.
Reduce speed, successful forex traders trade frequently.
How often do you trade? One deal in a week? Three days a week? Twenty per day? If you trade too actively, continually changing their decisions, then you may as well not have taken major decisions? If you do not enter the number of successful traders is likely to trade more than necessary.
My personal breakthrough in trade it was the realization that the big money is made with patience. It is better to wait for the ideal or most favorable conditions for entry than ever to take on unnecessary risk.
Most beginners and stubborn traders do not realize that making smaller transactions, they increase the chances of making a profitable trade. Arm yourself with patience and try to make accurate "gunfire" in the trader's profession better than to shoot to kill in the hope to catch anything. Awareness and adoption of this rule will allow you to eventually walk away with more money markets. One of the things that makes 10 per cent of those successful traders, you do not - wait, look for the most win-win deal. Patience always pays off. Successful traders do not use the hackneyed strategies money management, on the similarity of "the risk of each transaction shall not exceed 2% of the total deposit", instead they treat each situation separately, individually calculating the potential risk and earnings in dollars.
successful forex trader
This mathematics at level 3 class. More transactions - more chances to make a mistake, and less likely to profit. For example, read the article "Why the long-term forex trading system work better?". Patient and precise trader not only makes fewer mistakes, but also easier to tolerate psychological burdens trade.
No man is an island.
Remember that all the other market players your opponents, they come to the market to take your money and put them in his pocket. Win - means to outsmart other traders (theme development). Each transaction requires careful planning. If you cut corners, looking for "short way" or you just too lazy to make at least some effort, you should know that your enemy will not allow itself. You see? You must be confident that every effort, have done everything possible in order to increase the chances of a favorable outcome of the transaction. This is the only way to break out of the cherished 10 percent of successful forex traders.
The market is not infrequently happens that a trader coming in spite of the established trends and trends (logical and natural for the majority of market participants), break the bank and takes off every last penny. So do the big players.
So next time you're in something sure, look at it from the other, opposite side, perhaps this is not what it seems at first glance.
successful forex trader
This is how the market - cheating beginners and takes all of those who came for "fast" money. Be aware of other people who are playing against you, and make a bet in opposition to you, their opinions and self-righteous as strong as you. Put yourself in their shoes, think about why they are playing for a fall when the market is growing and why buy when everything falls? If after that your point of view has not changed, and you think your deal makes sense, then trust yourself and stay in the game (strategy of this philosophy).
If you do not love your job, you will not achieve success.
This rule applies to the gambling. All great traders love markets, finance was their passion. For them, the trade was not a chore, it was not too lazy to look at charts or analyze transactions. If you want to succeed in the market, you have to give him 100%. I've never met a successful trader, who was not obsessed with the market and did not like what he does. They live it, part of their market, and if you want to be among the 10 percent, the market should become a part of you.
Wrong foot destroy you.
Control risks and correctly placed stop loss are very important factors in the long-term success of any experienced trader. Stop loss is not only a tool for risk management, but also the reason why the trader out of the deal, the stop loss order gives a strong slap in the face, which instantly returns to earth in the harsh reality. Most traders place their stops in public places such clusters, and often they are far enough away from the entry point.
successful forex trader
Stop should not be placed randomly, or be the same all the time (for example, 50 points), it must make sense and be relevant in the current commercial realities. I will not dwell on it, except to say that most traders put a stop completely pointless, instead of placing it at the technical level or psychological level. Such an approach can even destroy the most ideal deal with an ideal analysis, performed a perfect trader.
The market always moves farther than you think.
A major role in shaping the trend plays a psychology of market participants, even if the preconditions for the continuation of the trend already disappeared, then, thanks to the late traders who are trying to catch up with the departing train, price inertia retains its direction. The established trend attracts everyone's attention, and more and more players want to tear off a piece of your profits. When the presence of a trend becomes clear even grandmothers on the bench at the door, the music begins to gradually subside - this is the end of a trend.
Novice traders often try to make trades against the trend in the hope of catching the top or bottom. They believe that rises soon starts to fall, or vice versa, that the drops will increase. Traders perpetrators of such attempts to "beat" the market will always be a loser. Just look at the price charts to understand what the market this model of behavior is not typical!
If the market there is a steady trend over a long period, it will persist until, until it becomes clear clear that the trend has changed. The main enemy of the trader in this situation - the emotions and unnecessary analysis.
successful forex trader
Every time you see a sharp move in a certain direction, and start thinking "or roll back the price will continue to move", the schedule begins again to rise or fall. This is a common situation. The longer the trend continues, the greater the impetus it accumulates, and an increasing number of people are trying to catch him. Less experienced traders are the last who sits in the train. They are afraid to miss the chance to make "quick money", so ignore everything for possible profit, but ended up buying at the peak and sell at the bottom.
If there is a trend, traders cast foot and open position with large volumes of transactions or uncoated, such actions will undoubtedly feed direction. This is quite a natural process. In a bull market, during the formation of new highs, more and more there is speculation that the bears are exhausted, their feet torn off, they go out of short positions, etc., which further adds fuel to the fire and shopping are growing by leaps and bounds.
Again, going back to the psychology, thought novice traders that the price is too high or the market is overbought, often wrong. In most cases, the market will continue to grow, so try to avoid playing against the trend, do not stand in the way of speeding express train. The only way to know, ended a trend or not, is the emergence and formation of a new trend.
Take a look at examples of strong trends that have been developing quite rapidly. They continued to move (and remain) in the framework of makrotrenda while collecting stops many catchers market highs and lows.
successful forex trader
Do not be afraid of risk, to be sure in their actions.
Successful forex trader must be persistent and not afraid of risk, as well as the emotion that goes with it. You will not earn a penny, if not control their emotions and risk. The market is a place for a strong spirit. Those 10 percent of traders who make money and constantly derive profits from their accounts, do not feel regret about the missed opportunities or loss-making transactions. They are not trying to catch up, or to quickly recoup in case of losses. You must be able to take blows in order to fight another day (other error).
To become one of the 10 percent of successful traders and make money on the market in the long term, to keep emotions under control and act calmly, even if the previous days were not very successful. Think positively, tell and prove yourself that your trade is profitable and you are ready to make a good trade. Act as a professional, to become them. You will not believe how easy it is nadressirovat brain, just need to follow the rules from day to day. Soon the mind will take it, and your professionalism will be natural.
I can guarantee you one thing - the market quickly will eat you if you do not sit at the trading terminal with a cool head and are determined to make money.
Successful forex traders follow their policies and beliefs.
In fact, the market has two results - a gain or loss. The price moves either up or down, it's simple.
successful forex trader
Strikingly, but traders sometimes come so far in my reflections and analyzes that do not see a simple market dynamics. For many traders trade is a complex and sophisticated process, and they are trying to create a mathematical model and multistep strategy, applicable for all markets and all instruments. In fact, you need to focus only on price and its behavior.
It's no secret that my trade is based on the price action, in other words, the behavior of prices in a certain period of time. On the one hand simple, but on the other hand is a very powerful form of market analysis. For successful trading is quite simple logic, nothing complicated it is not necessary to invent. As I said, the market is either up or down, so drop a complicated analysis, do not create unnecessary obstacles themselves.
If you know the general price movements, are able to identify key levels on the charts and become aware of the importance of the general trend in the market, then you are on your way to success. Look at the market clearly, without rose-colored glasses, in contrast to other traders. Think like a professional and you will increase your chances of survival in this jungle we call market.
