Training
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Cognitive Behavioral Therapy or How a Trader Changes Himself Cognitive Behavioral Therapy (CBT). We usually hear the term from psychologists who help patients overcome a variety of anxiety and other personality disorders. But CBT can be useful for anyone who wants to make adjustments to their behavior. Here are some variations of negative behaviors that you can change as they relate to trading: Inconsistent trading; Violation of trading system rules; Failure to follow trading plan with money management plans; Lack of trading discipline; Emotional trading; Impulsive trading, over-trading; Failure to follow money management rules. One should not think that nothing of the above can be changed in a person. It is not. For this there are...
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Many traders face with the fact that after updating MetaTrader 4 terminal many Expert Advisors and custom indicators refuse to work. Especially for our readers, we have collected a few "recipes" that allow you to resume your programs if you have updated your terminal. How to see the MetaTrader 4 platform build version is done automatically and we often do not even control this process, so in order to find out the version number of your MetaTrader 4, you should enter the "Help" tab on the terminal panel and go to "About...". This will open a window where you will see the number of the current build of your terminal and its publication date. We all know that MetaQuotes periodically releases updates for...
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[info_block align="right"]Markets are a reflection of you, and you are a reflection of the markets.[/info_block] Intraday trading is an activity that is somewhat akin to a high performance sport. In particular, they are similar to the high intensity of loads during the trading day, when we are required to process and analyze huge amounts of information with maximum speed and efficiency and at the same time remain calm and dispassionate. Buddha will speed your way to a million We all know that ideally we should keep our minds sharp and clear at all times, staying as focused and disciplined as possible and perceiving things objectively. After all, during the trading day you need to monitor the changing situation almost every second and choose what...
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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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Why do novice brokers choose MT4? The MetaTrader4 trading platform is incredibly popular, despite its advanced age. It appeared in 2005, but even now, 11 years later, 80% traders and brokers are still working on it. It is not surprising that many beginning brokers choose it as their main trading platform. It is a reliable, efficient and cost-effective solution for those who are starting out with limited investment capital and cannot afford several trading platforms at once. However, in this case, the cost of an additional platform is not cancelled, but postponed to a later date, because you will still have to switch to MT5. Why can't I do without MT5 anyway? К...
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What are preference shares? Preferred stocks (preferred stocks, preference shares) are a special type of stock with a fixed amount of dividends on it. In finance, the slang word "preference shares" is also used for preferred shares. What is the difference between preferred stock and common stock? The advantage of preferred stock is the right: to receive a fixed income, either as a percentage of the value of the stock, or a certain amount of money paid regardless of corporate performance; to receive priority dividends; to have priority participation (after satisfaction of creditors - bondholder banks) in the distribution of the corporation's assets when it is liquidated; to receive a surcharge if the dividends paid for common stock exceed the dividends with preferred stock. Holders of preferred shares...
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Today I will consider the problem of trader's psychology when choosing a broker. We will talk about how to avoid all the marketing traps and increase the deposit or at least save it. What do traders face when choosing a broker? So, when a trader decides to earn at the market, he needs an intermediary, which gives him access to this very market, i.e. a broker. It is a difficult task both for a beginner and an experienced trader, because the abundance of well-thought-out promises of easy enrichment, which press on the most subconscious emotions, is off the scale. Here the experienced trader has a small advantage - he doesn't hurry to believe the promises, but carries out a certain verification. But about this later....
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The Reserve Bank of New Zealand (RBNZ) is the central bank of New Zealand, which regulates the financial and monetary policy of the country and is responsible for the stability of the New Zealand dollar in accordance with the national interest. The RBNZ's functions and tasks New Zealand's financial regulator was established under the Reserve Bank of New Zealand Act on August 1, 1934. Since 1936 the RBNZ has been the property of the government. In 1985, the New Zealand dollar, after obtaining the status of a free currency, entered into free circulation in the international foreign exchange market. Despite this, its exchange rate is still controlled by the government in order to avoid sharp exchange rate fluctuations. As well as most ...
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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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Many traders wonder what time it's better to trade in order to take profit confidently and regularly increase the deposit. When our brain functions best and gives the maximal concentration - in the morning, in the afternoon, in the evening or at night? You will learn about this when you read to the end of this article. I think that everyone understands very well that the best time for trading is determined individually, because trading itself, that is, the rise or fall in prices of financial assets does not jump higher at any particular time of the day. The question is the trader. So I want to share my vision of when it is better to trade and earn, and when to stay away from the terminal. Do we have to trade...
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If you made a decision to become a trader and stepped on the path of mastering this profession, then no matter which direction in trading you prefer - intraday trading on the market or stock trading on the stock market, you will be faced with a choice in any case: To be free - one who can learn from others, adopt experience, master other people's trading strategies, but ultimately, relying on the knowledge gained, creating and inventing his own trading methods, taking personal responsibility for his own successes and failures. or Depend on others - to be someone who does not try to learn how to trade on his own, but relies only on suppliers...
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Why does a trader come to the foreign exchange market? Naturally, not for a thrill, but for profit. That is why the rules of technical analysis are studied, different trading strategies are tried and a lot of literature is read. Finally, the result is achieved - the profit is made. And here one of the most important questions arises - how to get your hard-earned money? The problem is that many traders choose a broker for trading, not really being interested in how to withdraw their profit. Let's find out how to withdraw money from your brokerage account. What to do before opening a real account Before you open a real account with your broker, you should first of all ask your broker if you can withdraw your profit from the...
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We continue to analyze candlestick patterns indicating a reversal of price movement. In the previous article we discussed "Hammer" and "Hangman", now we will talk about a fairly common reversal candlestick pattern "Absorption" (Jap. Tsutsumi). Rules for the formation of a candlestick pattern "Absorption" For the formation of a candlestick pattern, both bullish and bearish, a number of conditions must be met: The presence of a pronounced trend; The body of the second day must completely absorb the body of the previous day. However, it doesn't mean the tops and bottoms of the two candlesticks can't coincide, it only means the tops and bottoms of the two bodies can't be both equal; The color of the first day reflects the trend: black color in case of a downward trend...
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The currency market is often compared to a sport - a trader needs to always be in shape, maintain and improve results, train and try new methods and strategies. It is impossible to be successful on the currency market, working from 8 to 5 and acting without a bit of creativity and desire to develop. It often happens that the market situation seizes the trader - the profitable series is replaced by unprofitable one, there come moments of overload and frustration, and simply the fatigue accumulates. At such moments, the main thing is not to relax and not to fall into a tilt. Let's talk about how to configure your work as a trader in such a way that there will be fewer difficult moments and it will be possible to...
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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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In this article we continue to study modern methods of trade management. In the previous publication, we touched upon the first 9 ways to increase strategy profitability through proper position management. Let's continue to look at effective methods. Method 10. Partial close on the strength. An alternative method that can help to smooth the equity curve is to fix the profit at the first sign of strength. If you are in a trade and the market gives you an unexpected profit, take it (I use 1.5% or more profit for this rule for the day). This approach allows you to immediately capitalize some of your gains. In part, this may take you out of some trends too early, but it will also be a guarantee that...
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Sound allerts or in Russian alerts have become a part of a trader's daily activities. The trading platform constantly produces some sounds - connection to the network, price reaching a certain level, opening or closing a deal, etc. As you have already learned from the "MetaTrader 4 Secrets" article, every trader can set up sound notifications to his or her liking. But is it possible to teach the MT4 terminal to talk? That is, not just play a sound, but voice what happens with the price? Well, it turns out that it is possible in a very simple way! Step 1: Write down the phrase we need. We type in the phrase we want, for example, "The price broke through the level up. Click on the icon "Listen"...
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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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The Organization of the Petroleum Exporting Countries (OPEC) is an oil cartel or intergovernmental organization founded in 1960 to coordinate crude sales and control crude prices. OPEC includes 12 oil-producing countries, each of which has its own quota of possible production and sales of crude. Since 1998, Russia has been a permanent observer at OPEC conferences. OPEC members The following countries are members of OPEC: Algeria Angola Ecuador Iran Iraq Libya Kuwait Nigeria Qatar Saudi Arabia Venezuela UAE OPEC Functions OPEC accounts for about 40% of world oil production and controls 2\3 of world trade. Twice in a...
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[info_block align="right"]Futures trading in the MT4 terminal is almost no different from conventional trading. [Most beginners and more or less experienced traders do not even know that the most popular MetaTrader 4 terminal allows you to trade not only traditional assets - currency pairs, metals and stocks - but also futures. Futures trading in the MT4 terminal is almost indistinguishable from ordinary trading. The laws and rules of fundamental and technical analysis are equally applicable, as are the construction of price charts, the use of pending orders and technical indicators. In fact, any trader can easily switch to the futures trading, of course, taking into account the peculiarities of the futures market, which we will consider...
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