Trading. The Beginning
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Money management is one of the cornerstones of trading on , and without following its rules, profitable trading is simply not possible. Whatever your trading strategy, your profits will depend on how you manage your trades and limit your risks. There are dozens of money management models, but the approaches to trade support can be roughly divided into two major groups: limiting losses and loss waiting tactics. Everything is clear with the limiting loss tactics: when opening a deal a stop-loss order is placed which closes it with a fixed loss if the price moves in the opposite direction to the one predicted. Overshooting losses is...
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Elliott Wave Theory is a very interesting tool for market analysis. Often in various forecasts and analytical reviews there are the concepts of impulse and correction waves. But is the wave analysis of the market really so accurate and able to predict the further behavior of prices? I have a pessimistic answer to this question. Difficulties of wave analysis Firstly, the Elliott Wave Theory is quite difficult to study. Sometimes it is very difficult to determine the start of the first impulse wave, and for some pairs it is almost impossible. Secondly, it is impossible to use the wave theory in its pure form. It is accompanied by Fibonacci levels. But even that is not enough. Technical analysis closely cooperates with the wave theory: channels, technical patterns and...
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Sooner or later every trader faces the question: is it worth it? The question is about the comparability of spent time and efforts to the received material benefits. Undoubtedly, this question is more likely to arise for a beginner. You have to be stubborn enough to continue trading despite of successive financial losses and disappointments. The process of becoming a trader passes through several stages: The initial stage when a beginner is trying to grasp the immensity. This stage is characterized by a big number of lost real and demo deposits. The growth stage, when the trader begins to plan his trading, simplifies and refines his trading strategy. The stage of professional maturity. At this stage, the trader is characterized by patience in achieving his goal...
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There are a lot of tips for trading in the foreign exchange market, but they are all general in nature, so beginners break them. But you have to know the measure in everything. Over a year of trading, I have formed some opinions about trading, and I want to share my small experience with some tips for beginners. Everybody advises to try out a trading strategy and to start trading on a demo account. In my opinion, you have to learn how to press buttons on a demo account, all the rest you have to learn on a real account. Of course, it should be cent accounts. Yes, trading requires an investment. But let it be 10-20 dollars which will not bring you considerable financial inconvenience in case of loss. Again.
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The Internet, at least its Russian-speaking segment, is full of ads about easy and quick earnings at the currency market. Absolutely any person can find all types of educational programs, starting from free video lessons and literature and finishing with trader courses in the offices of dealing centers. Ok, the beginning trader has received all necessary knowledge, fundamental analysis does not look so scary anymore, a practiced eye defines trends, the rules of money management are assimilated correctly, and the trader's diary is looking forward to the first entry. How much profit can a trader make? Count the profit in percentages There is a very good anecdote about how to make a humanitarian happy with the news about salary reduction - to tell him that his salary has increased 0,9...
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After learning how to draw trend lines and open trades, after delving into the maze of fundamental analysis and technical trend reversal patterns, every trader thinks about what kind of trading system to choose for themselves. I know from my own experience that most beginning traders are just hungry for action. They do not want to earn, they want to trade. Having closed one deal they urgently open another. That is why many traders have the opinion that intraday trading is the most profitable. Which of the trading systems is the most profitable - that's what we're going to find out today. "I came for the money..." When a trader approaches the choice of his trading system, he digs through a lot of information -...
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Passive income is income that does not depend on daily activities. There is probably not a person who would not like to periodically receive some kind of interest on deposits, rent payments or dividends. Today we will touch on the topic of passive income, but will not offer the 10 most common ways to earn passive income. What will we talk about then? Intrigued? Haven't got your money bags ready yet? Then we're coming to you! Phone call. An unfamiliar number. A nice woman's voice. - Hello, there. Are you interested in passive income? And then, in the same pleasant voice the girl makes me a tempting offer - an opportunity to get a passive income of 30% per month. А...
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Almost all traders have heard of position locking. However, the number of those who have a clear idea about this technique is many times less. And there is nothing surprising, because the locking is such an ambiguous technique that even experienced traders have very different opinions about it. This article will not contain any ready-made rules on how to place and open locks. We will summarize the three most commonly held opinions on the locks and leave it to our readers to draw their conclusions. Opinion one. Locking is a psychological method, which can help to avoid losses Locks are used for opening positions without stop-losses. Instead of fixing the loss, the trader opens...
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[info_block align="right"]Experts call it "unethical SMM" (Social Media Marketing) or "guerrilla marketing" (Hidden Marketing).[/info_block] Choosing a broker is not an easy thing. Most beginners bring their money to the brokerage company they just liked - whether the office is nearby, or a beautiful girl-manager smiled and accepted them as their relative - reasons, as a rule, subjective, can be very many. The more advanced beginners search the forums and read the reviews about the brokers. Having spent a certain amount of time, encouraged by the positive reviews and noted down the negative ones, the trader invests money in the broker that he or she has "wisely" chosen. Later it turns out that everything is not as it was described in the reviews - the money is not withdrawn, the execution is...
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What is the currency market? Even a beginner knows the answer to this question. And who trades on the currency market? That's right, people. Everyone has his own weaknesses and shortcomings. And when many, many people gather in some project, they become a crowd, which has its own stereotypes of behavior. Today let's talk about the stereotypes of the market crowd and what you have to do not to mingle with it. A long-long fable about a serious trader Ivan Ivanovich [info_block align="right"]Ivan Ivanovich is a serious trader. He opens the trading terminal every day, trying to make money by trading currency pairs. [/info_block]Ivan Ivanych is a serious trader. He opens a trading terminal every day,...
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So, you are a trader. You have: a repeatedly tested reliable trading strategy, the ability to control risks and keep your emotions in your fist. Is that enough for profitable trading on the currency market? Somebody will say - quite. But we would beg to differ - no, it is not enough. Where and how you trade and your work environment play a very important role. As you have already guessed, today we are discussing the trader's workplace and how it should ideally be. What a computer for trading should be We do not need to launch satellites into space, so the trader does not need a super-powerful computer. However.
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So, you are a successful trader who has learned all the subtleties of fundamental and technical analysis, figured out all the intricacies of indicators and patterns, and every month of trading brings you a good profit. Are you ready for the fact that a tax inspector can ring at your door and unobtrusively ask you where your taxes are? Taxes from trading in the foreign exchange market? Surprised? Let's talk about taxes in Russia. How you should properly pay income tax on . Theory First of all, it is worth noting that according to the requirements of the Tax Code of the Russian Federation, every Russian citizen is obliged to pay tax on the income he receives. The same code clearly states that...
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In spite of the fact that scalping is one of the most technically and psychologically difficult types of trading, it has long enjoyed well-deserved popularity. Naturally, EA developers have not missed scalping either. Nowadays lots of free and paid scalper robots based on different principles and trading strategies are available to traders. Some advisors trade only at certain hours, some trade all the time. Some EAs work better and some work worse. However, as a rule, a scalping Expert Advisor shows profit for a certain period, after which there is a period of slack and a series of trades with losses. The implementation of scalping strategies in Expert Advisors often reaches the absurdity, which leads to...
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In recent years, there are more and more people who want to try their hand as an investor in various financial markets, including the FOREX currency market. But, nevertheless, despite the appearance of new teaching methods, and despite the increase of the professional level of teachers themselves, I cannot help noticing that the most frequent mistakes among the beginners are passed on from year to year. In this article I want to analyze in detail what prevents new traders-investors to become successful at last. And to give some advice based on my life experience. Mistake 1: lack of knowledge So, let's start from the beginning. The first and most important mistake: the lack of the necessary base...
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In this issue I would like to move away from the work-life advice on how to become richer, more efficient and more fortunate to turn again to the issue of trading. Today I want to share with you my thoughts on the subject of opening accounts by brokers for beginners at . The idea for this article comes from talking about the fact that the Russian regulator considers introducing to the market only professional traders, i.e. those speculators, who have already confirmed their qualification by passing professional exams. Let's think about whether or not a beginner trader really needs such a strong "care". To begin with I suggest thinking about two fundamental questions: "Who is a beginner at?" and "Why does one lose...
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To many traders the analysis of technical indicators seems to be a holy grail. Like, if the classical analysis didn't work out, then the complex magical indicators will bring profit. After all the computer builds them, and the computer is smarter than the man. Why am I selling you, Burenka? Since the first day when I learned about technical/computer indicators I always wondered why their creators sell little cows which give milk by the ton? For me, the answer is simple, in fact, in a standard layout and in standard application indicators do not know how to give more money than the methods of classical technical analysis. They are good for those who expect a modest return of 30-40% per annum...
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