Here's my key to successful trading postingkan. You can be guided by the following items in your perdaganganforex run. Here's the explanation:
Desire
You have to make sacrifices in the short term to enjoy long-term success. To get out of financial trouble, you must be willing to delay, defer pleasure and expenditures for two-wheeled vehicles, buying cars and others. Precisely what you need now is a forex trading tools: Computer or Laptop with an internet connection. Be strong desire that you are able to have it. If you really want it, you will surely get it.
Decision
You have to make a decision, right now, to do whatever it takes to free financial support with forex. You must be willing to pay whatever and go further though to achieve your financial goals.
But REMEMBER! Do it only if it is able to bear the loss. Therefore do fresh trading with money that will not make you short of money in the event of a loss.
Determination
You must be determined to persist until you succeed, in spite of all the problems and obstacles that you will experience. No matter how many times you hit fall (lose), you should be ready to lift themselves up and move on. Determination and resilience are important qualities necessary for personal and financial success. Commit to be an expert in forex.
Make it a goal, make a plan and work better every day. Read books forex trading. Expand your forex knowledge, follow his seminars. Do not ever stop learning. Dedicate yourself to do perbaika-personal and professional improvement continuously. Never allow yourself to be satisfied with your current level of expertise
Dicipline
You have to discipline yourself to learn what you need to know to achieve financial goals. You have to discipline yourself to stick with a firm, no matter how many times you experience setbacks, disappointments and failures while. You have to discipline yourself with your system. If you've set a "no profit is better than to lose", you should not enter the market when you are in doubt with the current market situation.
If you've set a "target profit of 50 points". You should really stop when the target has been met. If you have set "I just follow the trend". Then you do not fight the market, but trying to understand the direction of the market, not just principled expects the rebounding market. The trend is your friend a phrase we often hear. However, sometimes we forget to hold these principles in our entering the FOREX market.
One lesson that can be drawn is that the role is a very important trend. Whose name should never TREND our opponents, because we ourselves shall perish. The trend is your friend, a phrase we often hear but sometimes we deny himself. Whatever our indicator if the opposite trend is clearly visible not we follow. We'll wait while indicators in line with the new trend we take an action. I am 1000% sure who would have destroyed the trend itself. If you have set "Do not Lose Money!" Then you have principled "I would use a good money management".
Trade with money planning discipline. Discipline with your system! Discipline to be patient! Discipline for not greedy! Discipline with the trend! Discipline with a time of market entry! Discipline with a profit! Discipline to turn off your computer!
Watiting
Remember, 95% of new traders are experiencing loss ...! Because on average they are not able to be patient in trading.
If you can:
• use only 10-20% of the margin / capital to trade at a time
• Waiting trend formed ripe for the vehicle you trade.
• Determine the risk of loss by putting Stoploss for every position that we open
• Establish goals and elakkan overly optimistic attitude / GReddy. Take profit target when wearing or at least switch the stop loss on the position in-profit (trailing stop)
• Not doing anything is the best way. If you are hesitant to enter the market. Better not to profit than to lose.
• Only trade based on what you see is not what you think the. Trade should follow the state of the field that occurred at that time. Too risky if we try to predict that the price will be so bullish / bearish.
• Waiting for the state, and so the opportunity market has really come. The key then the other, trading tunggui your own!
• Focus take one or two currency pairs advance to your master
• Always anticipate not forget cap by trading on Friday. There should not leave open trade on forex
• If you are in a position that continues to lose money, get out of the slump. Wait until it comes another chance to win.
THEN you can already be patient!
HOLD your appetite
Greed will appear on the amount of margin that you use in trading. Using a 10% margin that is normal. So when you start to use margin exceeds 10% then you have to be careful because it may have started pervasive greed in your heart :-) You can just calculate the 20% still safe ah kok, or 30% still safe anyway .. but it's greedy, greedy. Due to the use of large margin will produce a greater output either plus or minus.
Such ability can be easily killed by the movement of the market that no one can control it. Let's just use 20% margin with the ability to withstand the float 500 points. But when it reached 50 points only minus traders are nervous and cut loss (for a $ 1,000 capital loss that means cut $ 100), only 20% took the position again and floating 200 points for example ... that means it's $ 400, the remaining margin stayed $ 500 .. already looks like a loss, cutloss greatness, hedging scared back again .. mending well from the beginning so do not be greedy
Use only a 10% margin. After all, if you have $ 1000 with a 10% margin, if you can average 20 points, just one day, it means a month you get 20 x 20 days = 400 points aka $ 400 it was 40% a month. Rest assured that 40% is a remarkable result!
If the profit target has been reached, stop for a while until there is another opportunity for profitable trading back. Avoid greedy that it will be bomerang for yourself, because the market does not always favor us.
Do not be greedy, do not be greedy, hold your desire to want to get rich quick
Mintain your margin
The use of margin .. associated with appetite and capital management. If you have the discipline to put Stop Loss (SL) as 50 points (did study what SL is ideal?) Then you will never exceed 50 floating points. But if you are greedy and lose 50 points then you have the potential for large floating.
While floating it (10% margin) it means you are not able to take new positions until the positions are floating close! But maybe you do not want to miss an opportunity when no signal is good, then you open another 10% margin. Total has 20% margin. What if the second position is floating again? If both floating BUY it would be even greater.
If one another BUY SELL the total floating ... will not change, but in order to profit you must take the position again ... masihkah enough margin to take a new position? This is from the beginning you have to take into account. When things like this happen, then you will take action and so on and so on.
So there is a series of plans that you should obey all, the streak will be broken then the problem you are facing.
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