Forex - Your Way to Success

• Successful trading is 97% - the awareness and use of their personal strengths and qualities of character. Remember, if you enter into transactions that are contrary to your behavior, your nature - you are throwing money away. Therefore, a constant analysis itself.To begin, try to develop the habit in the trading process sometimes look at yourself from the outside.
• The most carefully built system can suddenly make you wrong. Conditions of the Forex market is rapidly changing. And even well-functioning system that can fail one day and take you because of these changes. It is important to adapt and react to these changes.But here must know when to stop, because frequent changes in the system can also lead to undesirable consequences.
• Learn from your mistakes, if you remember them. It would be nice to keep a record of their mistakes and successes at your fingertips. Write down your thoughts about the adoption of a decision. Document the movement in the market reaction to the news.
• Make a plan for trading on Forex. Before entering the market it is important to clearly define the entire sequence of actions. It is important to define the actions, if the price went against you, in order to decide when and how much to add to the open position, and when out of the deal.
• Discipline and patience waiting for the right moment. It is known that, of the 250 transactions in the market Forex - the three you are losing money, the two will be extremely profitable, while others depend directly on you. Track and wait for the component trends: a strong group / sector, a strong currency, a strong market. Wait a moment, when the component support / resistance levels will be in your favor. Successful trading in the Forex - a process where a lot of time is spent waiting.
• In Forex trading mistakes and losses are inevitable. Details please learn to manage them.Put the foot, mentally or in reality, and do as planned without hesitation. So you take your risks under control. This is the best way to protect and preserve your capital, continuing to play.
• Discover small positions. Use the pyramid principle to be added to the original good position. If it turned out that your solution is correct, add to its strategic position.
• Large volumes of killing the prevailing trend. Keep in mind that sometimes there is too high or too new rise of a strong collapse. These rises and falls emit both buyers and sellers. A market is a lateral movement
• Use the moving of the foot, if the market went to you. To avoid closing a position too early or too late, put the feet for 10-15% of the current market price or a little more recent highs or lows, or, better yet, at the current levels of support / resistance. Do not forget to fix the target level.
• Always protect your capital. The most important principle - to avoid losses. But small losses and rapid loss - this is the best loss. This is not the losses that are worth paying attention. Much worse to feel the moral pressure of being in a losing position.
• Buy at the level of support. Set tight stops as the approach the level of resistance. Price or level of slip resistance, or to stop or fall. When the price falls, close the position immediately.
• Buy at the level of support, sell at resistance level. Do this even if it is difficult. You see it on the chart - the other is also seen. All of what they expect - time to join.
• Never lose sight of the support (or resistance to the sale). The farther you are from a support or resistance (if sold), the more naked and alone you. If you wish to challenge the price, then be prepared for a rapid reversal to a level of resistance, be prepared for heavy losses.
• Do not rush to jump into the forex market, just to be "in play". Analyze the market, study strategies, and start the right time.
• Gather patience. If the position is open, let it evolve a bit. Let it create the profits that you expect. The phrase "Do not go broke, covering profits" - the most senseless of all the existing council. Closure of small profits - the shortest way to increase the probable loss, as small gains do not give rise to big profits. The big money made in trade for 1-3 large transactions for the year. Develop the ability to patiently hold profitable positions.
• Trend - your friend. No need to be smart and deal with it. In a bull market or vylyutnom buy or watch. In a bear market or sell the watch. Sometimes the best position - is its absence.
• Trends do not unfold quickly. Trend reversals take time to develop. They are built very slowly. The first few sharp falls always find buyers, and the first couple of sharp climbs always find sellers. In both cases, the buyers and sellers need to be gradually "washed" from the market.
• Working with Forex think as a "hired soldier." "Fight" on the other side of the currency market that wins. Do not waste time and money in fruitless attempts to make money by buying at the lows and selling at the highs or some kind of market movements. Your responsibility - is to make a profit, while fighting on the winning side. If neither side wins, it does not beat at all.
• Learn and study again. Traders who do not want to spend time on market analysis and interpretation of the state of the currency markets, education and training, development of new methods and trading systems will always lose their money.