Training
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Most traders lose money. According to different data, 70-80% participants of the trade remain in deficit. Without hesitation, we can list dozens of reasons why a trader's account can decrease with every trade. But let us highlight 3 important points. They can be solved relatively quickly and see the result. 1 - lack of information Gathering information is important for a trading decision. Most beginners deal with analytics in one of 2 ways: Ignore the importance of information and open trades intuitively or based on primitive analysis. They hear that a moving average breakout gives a signal - so they trade until they lose money. They constantly study 1-2 sources. The verified channel is great. But this is how a trader looks...
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The lifetime of any position on the foreign exchange market consists of three stages: opening a trade, accompanying it, and closing it. All trading strategies give a comprehensive answer to the question of when to open and when to close a trade. The question of tracking an open position in the vast majority of strategies is practically not disclosed, although it can increase profits by 200% or more. At the moment, there are three most common ways to accompany an open trade. Method #1: Stop-loss and Take-profit The rules of classical trading on the currency market imply installation of two orders that will close the open trade without any participation of a trader: stop-loss will close the trade with a loss, take-profit will close it with a profit. The first way of accompaniment is built on...
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Emotional pain is one of the most common ways our brain reacts to loss. And it doesn't matter to it exactly what is lost. We basically react to loss much more emotionally than we do to gain. That's how our brain is programmed. In this article I want to look at several variants of internal dialogues that traders have with themselves when they lose money in the market. The information is more about how not to do and what not to say to yourself in case of a loss, so as not to increase the painful effect and negative feelings associated with it. The bad question is, "Why is this happening to me?" This question makes you mentally...
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Trading on the currency market is so widespread nowadays that everybody, who has 10 dollars in his pocket, can feel himself a trader. Brokers thoroughly support this concept by widely advertising the idea that minimum funds are necessary for trading. The Internet is full of blogs telling about how at Forex market it is possible to turn a couple dozens of dollars into almost millions profits. Does it mean that the size of the deposit does not matter? After all, what is the sense of investing thousands of dollars in trading, if you can manage with a sum many times less? Today we're going to try to figure out a very controversial question, whether the size of the deposit affects the profitability of trading....
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Templates in the MetaTrader 4 trading terminal are a very useful feature that novice traders often underestimate due to lack of experience. What are templates in the MT4 terminal, how to create your own template and install a ready-made one? What is a template in MT4 and why it is necessary? A template is an integrated function of the MetaTrader 4 trading terminal, which allows to save settings of a chart and a combination of technical indicators for their transferring to other currency pairs' charts. Let us give a simple example to make you understand. You are moving to a new apartment, but would like it to have the interior of the old apartment. You save the interior in the old apartment and load it in the new apartment. That and...
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Most traders know that trading psychology is the most important piece of the puzzle. In searching for the answer to the question "how to become a profitable trader" you are bound to stumble upon your own psychology. However, most traders avoid working on themselves in every possible way. Understanding of this necessity comes later, with time. However, you have to pay for this understanding not only with lost time but also with your own money and nerves. For some people the price is so high that the very fact of understanding no longer solves anything. Neither money nor energy left to return to the market and continue the process of professional development. The price for understanding was too high. It's hard to get into your mind If your trading strategy...
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The work of a trader seems simple and easy only to an uninitiated person. A trader is constantly within the rigid framework of rules and restrictions. These are the laws of technical and fundamental analysis, the rules of money management, etc. But there are frameworks, in which competent trader pushes himself, of his own free will, because to go beyond them turns trading into a casino, where the result will always be the same - the total loss of the deposit. Here are the most important rules for a trader If you are in doubt whether to open a deal or not, there can only be one solution: do not open it. It is better to miss the entrance to a profitable trade than to lose your money. Don't be in a hurry to jump into a "going out...
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Что такое безубыток? Безубыток (уровень безубытка, БУ) – перенос в открытой сделке ордера StopLoss на уровень цены открытия, после того, как цена пройдет в нужном направлении определенное количество пунктов. Как выставить сделку в безубыток? Для ограничения потенциальных убытков при открытии позиции трейдер выставляет ордер StopLoss. Если ситуация по валютной паре оценена и проанализирована правильно и после открытия позиции цена движется в нужном направлении, трейдер может избежать убытков в случае разворота цены в противоположном направлении. Для этого ордер стоп-лосс переносится на уровень открытия сделки. Для того, чтобы переместить стоп-лосс на уровень открытия сделки или, как говорят трейдеры, перевести сделку в безубыток,…
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Что такое первичное публичное размещение акций? Первичное публичное предложение (IPO, Initial Public Offering) – первая публичная продажа акций компании путем открытой подписки или продажи акционерам частной компании. При это обязательно имеется ввиду, что далее компания выводит свои акции на биржу для приобретения неограниченным числом лиц. Зачем проводится первичное размещение акций? Цель проведения первичного размещения акций – привлечение дополнительного капитала в компанию, улучшение имиджа компании, а также оценка качества управления и работы фирмы, возможность увеличить доходы от имеющихся акций компании за счет покупки и продажи части данных активов инвесторами, получение дивидендов, в некоторых случаях возможность уменьшить риск захвата компании рейдерами. После проведения IPO…
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Let's ask several traders how much they earned in a month on the foreign exchange market. One will answer that his monthly profit was 1000 dollars, the second - 700, and the third - 500. From this it can be concluded that the first trader is the most effective. But this way of estimation is far from professionalism and is one-sided. So how can we evaluate the success of our trading? Here the trader gets help with the R-coefficient. Let us start with the typical situation: there are two traders trading on the foreign exchange market. Each of the traders has closed a profitable trade with the profit of 100 points. It would seem that trades are equal, but for understanding it is necessary...
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Every trader sooner or later comes to the idea that the most important tool for making profit on the currency market is a trading strategy. Profile resources offer a lot of all kinds of systems, according to the authors, which are highly profitable and maximally effective. How to choose a really good trading strategy out of the variety? What is a trading strategy and why it is necessary? A trading strategy on the exchange market is a set of rules in the form of an algorithm that makes it possible to forecast the movement of an asset, taking into account the situation on the market, and to obtain a certain profit by executing this algorithm. For example, it may be a combination of several technical indicators: opening and closing will be carried out only at a certain coincidence of their...
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Who are you? What are your strengths and weaknesses? Is your native element universal chaos, or do you need order and stability? When it comes to trading, knowing the answers to these questions is even more important than having any trading system and strategy you can think of. Real traders find markets for themselves At its core, trading is a psychological game. And no amount of reading books, no amount of studying trading systems and taking trading courses will lead to success if your trading style contradicts your personality structure. Contrary to popular belief, successful traders do not change their approaches, in order to adapt to the market. Rather the opposite, they...
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The "Buy on Decline and Sell on Rise" trading principle is a practical application of the "opposite time" theory that has long existed in the financial markets. In 1954, this approach was formulated more elegantly, and many traders now know it as the "Art of Disagreement" strategy. The essence of the "Art of Disagreement" strategy The general principle of this tactic is quite simple - do not do what most market participants do, that is, move against the crowd. On the one hand, it looks like madness, because, for example, trading against the trend is a huge risk and loss. On the other hand, this method has a rationale. According to this principle, to...
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When you lose money as a result of trading, and it's bound to happen more than once, ask yourself these five questions. They will help you get back to a calm state much faster. One of the biggest psychological problems (if not the biggest one) that absolutely all traders face while trading is losing money. Sometimes these losses really are very big and extremely painful. And it does not matter what they are caused by - lack of experience, inattention or a trivial mistake in position calculation. Even if you have done everything correctly, losses can occur. Moreover, just because you seem to have done everything correctly, but still lost money as a result, such losses are perceived by us...
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In the morning, wearing a Henry Poole & Co suit, you get into a luxury Bentley and head for your office, where, after making a few trades in the foreign exchange market, you consider building another swimming pool at your country residence. The wake-up call brings you back to reality, and you diligently take the subway to your normal 9 to 18 job. Yes, that's what most traders' day looks like - combining trading and your main job. Is it possible to trade successfully on the currency market without spending all day at the trading terminal? The correct answer is: of course you can! And here's how. Set realistic goals First of all you must...
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Trading on the foreign exchange market is quite a costly activity. And now we're not talking about money, but time and nerves. Not everyone can devote a lot of time to trading, not everyone can cope with emotions when seeing a growing or shrinking deposit. And that's where trading robots come to help people. But it is not without problems here as well. The thing is that high-quality profitable trading robots are not just standing out in the open, and their price is not affordable to everyone. And even if everyone can afford it, how many are willing to risk their money by buying an expensive Expert Advisor? So, let's choose an inexpensive Expert Advisor correctly....
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Very often in the name of the indicator you can find the letters MTF, which beginners and not only traders take simply as a part of the name, not suspecting that they contain the description of a quite powerful and useful function built into the indicator. Today, let's examine what MTF indicators are and how they work. What is MTF mode? The letters MTF in the name of the technical indicator stand for Multi Time Frame. This means that the indicator is able to display its values, taken from other time intervals, on the price chart of a currency pair. To analyze the market situation, a trader almost always uses the chart of the currency pair on several time intervals. This is a technically competent approach to business....
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In order to trade profitably in the foreign exchange market, it is necessary to be able to work with the price charts of currency pairs. The trading terminal MetaTrader 4 provides the trader not only the ability to display charts in the form of lines, bars or Japanese candlesticks, but also a way to change the charts themselves. Let's talk in detail about what you can do with the price charts in the MT4 terminal. Scaling the chart in MT4 First of all, a trader can change the time frame of the chart. It is necessary for the correct analysis of situation and vision of the full picture of the market. Besides, every type of trading includes trading on different timeframes: scalping and pipsing - on TF from М1 to М15, intraday trading - on ТF from М1 to М15, scalping...
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Gold is not just a precious metal. Along with some currencies, SDRs, IMF reserve positions, gold (in the form of gold and foreign exchange reserves of states) belongs to the international liquid resources. International gold market has its own structure and a number of features, which we will discuss in this article. Evolution of gold price For more than 40 years there have been two parallel prices for gold: real and official. From 1933 to 1976 the official price of gold was determined by the U.S. Treasury. For example, beginning in 1944, the official price of a troy ounce was set at $35. In 1971, when the U.S. currency was devalued, the official price of the metal...
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In our previous article we discussed the issue of choosing a trading strategy based on a trader's psycho-type. Now, as an extension of the topic, let's see what happens if you do nothing of the above and trade anything and everything without taking your own psychological peculiarities into account. The typical beginner's way It is a bit sad to write about it, because that is the way most people go. And this despite the fact that tons of materials have been written on this subject. Many of you have probably gone down this path as well, knowing full well that this time it will be different. If you're just beginning to master the profession of a trader, I hope that after reading this article you'll be able to...
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