For the novice trader
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One of the most difficult things for beginner traders to understand is a different format of earning money, an unstable profit. At , as in business, the money does not come in the form of a salary - every month, the same amount. Here profits alternate with a bad month, and one must get used to it. However, many beginners have these thoughts: "Ah, I earned only 10$ on this strategy, so I won't buy a BMW X6". Or vice versa: "Wow, I have made 130$ in one trade, if I trade a couple of times now, I can quit my job this month". You can lose your whole deposit in such a wave mentality. How ...
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They say that all analysts' forecasts come true, only analysts do not always guess at the time of their realization. Nevertheless, in the flow of stock information it is hard to avoid the influence of analysts on one's account, especially for a beginning trader. As someone who has been in the "skin" of a beginner trader, and a public analyst, let me give you some advice to protect you from the bad influence of other people's forecasts. You don't need recommendations! Of course, the easiest thing to do is to read the analytics exactly as long as they start recommending us something. That is, you have received a competent assessment of this or that event in the life of the company whose shares are interesting, but further to the entreaties to buy or sell...
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We begin a series of articles on the psychology of trading in the foreign exchange market, as this topic and area has been gaining momentum lately, especially in connection with the adoption of the "Law on e" in Russia. People come to trading to earn money but not all of them succeed. According to the statistics 95% traders lose deposits and only 5% make money. So why do people still rush here? Why do they do these strategies? Why are they pushing Buy and Sell? Why do they do what they do? Today we'll deal with the main question: what prevents a Trader from starting to make a profit from day one? The answer is simple: for the most part, everyone who comes into the trading world "bites"...
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The financial markets of the world are diverse and multifaceted. And if to trade in the stock market, to predict the rate of shares, sometimes it may be enough just to be aware of the affairs of a financial company, then the currency market can be referred to the most unpredictable markets. In order to trade successfully in this market it is necessary to be able to analyze it. Basically, all types of analysis can be divided into two main types: Fundamental analysis; Technical analysis. A person, unfamiliar with the currency market, may get an impression that in order to trade at the currency market one needs to have at least a PhD in Economics. Indeed, it is necessary to know the details of economic and financial processes, many economic indicators and...
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The purpose of trading on the currency market is, of course, to make a profit. At the same time, any trader will tell you that trading without losses does not happen. In order to limit your losses and fix the desired profit in time, the MetaTrader 4 terminal implements stop-loss and take-profit orders. Take Profit is an order that closes your position when the positive value is reached. Stop Loss, also known as Stop Loss, also known as moose, is an opposite order to Take Profit, closing the position when it reaches a negative value specified by the trader. So how do I set stop-loss and take-profit correctly when trading at ? The use of stop-loss and take-profit - the smart trader's approach There are many traders who...
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As we've said many times before, the modern trader lives on the Internet. Modern technology provides access to the web from virtually anywhere in the world and from any mobile device. However, with all the advantages of mobile trading platforms provided by brokers, their functionality, due to their features, is still inferior to the most popular among traders trading platform MetaTrader 4. Not even all standard indicators are available, there is no possibility to carry out graphical drawings in a familiar mode, and so on. How can you always have your broker's trading terminal with all its indicators, scripts, Expert Advisors, templates and settings at hand? In this case, the trader comes to the aid of a flash drive or, as it is called...
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Download for free is the most popular request of those who begin to get acquainted with the financial markets. Traders all over the world download trading terminals, indicators, advisors and other. Most Forex material can be downloaded without spending a penny. Why then, with such abundance, most beginning traders lose their deposits and, as a result, never come back to the market, and few of them succeed? Let's look at becoming a beginning trader on the Internet step by step. The first stage: downloading literature and trading terminal. The first thing a beginning trader learns about the currency market is to type "free books (textbooks)" into search engine. Now it is not difficult to find and download for free on the Internet...
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In our last article on the secrets of MetaTrader 4, we have already learned how to set up sound alerts. Today we will consider how to set up email notifications. To make the terminal send the notifications of the specified events to your email account, you should open "Tools - Settings - Mail" tab, tick the "Enable" field and set up the mail server. The format of the parameter to be entered is marked in red in each field. Let's find out more about what you should enter and where you should enter it. The "SMTP Server" field is where you should enter the address of the mail server you are using. Through the colon you must specify the port number. As a rule, it is port number 25. My mail is on the mail...
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Each trader who uses the MetaTrader 4 platform adjusts the appearance of currency pairs' charts according to his or her tastes and preferences. Some like white background, some are used to black. Some people like the black and white candlesticks, while others prefer the green bars. In general, all felt-tip pens are different by taste and color. Most traders stop there. However, knowing all the features and secrets of the MetaTrader 4 platform, you can customize the sound alerts for the system and user events, making trading in the forex market much more comfortable and pleasant. How to set up sound notifications of system events Everyone knows the system sounds of the MetaTrader 4 platform. These are setting and losing of...
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Part 1 This article will demonstrate not only trading rules, but also a step-by-step algorithm of strategy creation, starting from testing of individual components and finishing with their combining into a ready trading system. The scheme of NSOFT-Secret strategy creation can be useful for traders when creating their own developments. Relative Strength Index (or simply RSI), which is an oscillator that measures the speed of price chart movements and changes. RSI oscillates between levels 0 and 100. If it is above 70, the currency is overbought; if it is below 30, it is over-sold. Let's look at the signals,...
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This article will demonstrate not only trading rules, but also a step-by-step algorithm for creating a strategy, starting from testing individual components and finishing with their combining into a ready trading system. The scheme of building the NSOFT-Secret strategy can be useful to traders when creating their own developments. Input parameters Currency pairs: GBPUSD, EURUSD, USDJPY and AUDUSD. Timeframe: H1, H4. Trading time: Any. Risk management: after stop-loss calculation choose such a volume of lot, that the risk was not more than 2-5% of deposit on one trade. Installing the indicators and the system template Unpack the archive with the templates and indicators. Copy the indicators to the folder MQL4 -> indicators. Copy the templates into the templates folder. Restart the terminal. Open...
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Head and shoulders is a classic figure of technical analysis, which signals the reversal of the current trend. The Head and shoulders figure exists in two variants: "Head and shoulders" - for an uptrend, inverted or reversed head and shoulders - for a downtrend. It should also be noted that Double Top and Triple Top are the special cases of Head and Shoulders figures. It should be noted that in spite of the fact that this figure is a classic one, its formation is rather conventional. It means that different traders may build the same Head and shoulders a bit differently depending on chosen timeframe and their understanding of currency mechanisms.
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In the life of an ordinary person, such folk concepts as "freebie" and "shara" do not take the last place. It is well known that "for free, and chlorine is cottage cheese" and "vinegar is sweet" and so on. Why pay when the Internet provides an opportunity to find almost any material on a topic of interest for free? The foreign exchange market also has not escaped this fate. There are a lot of Internet resources for any beginner, starting from tutorials and educational materials on trading and finishing with ready "recipes" on how to become a millionaire. So is it worth paying for training? Training: if you're so smart, why are you so poor? The first question a beginner has when considering the possibility of paying for training,...
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As the unofficial statistics says, only 5-10% traders are successful in making money on the currency market, while the rest 90-95% simply lose their money. What is the reason? Is it because trading on financial markets is very complicated and not accessible for everybody? Or maybe the secret lies in the psychological approach? After all the psychology of people with money and people without money is very different. Let us provisionally divide all traders into two types - "rich" and "poor". The difference between "rich" and "poor" traders Despite the fact that for many people wealth is, roughly speaking", sitting on sacks of money, in fact it is not...
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We propose, dear reader, to test your attentiveness. The test questions are based on the material published in the 85th issue of ForTrader.org magazine. Not sure of your answer or made a mistake? You can always correct it by reading the correct article. Good Luck! 1. You should trade on the news only in case of: a) issue of the most important economic releases; b) absence of open transactions on the deposit; c) a pronounced short-term trend; d) desire to earn in a short period of time. 2. The volume of capital, which is recommended to use in a deal with binary options: a) 50-60%; b) 3-5%; c) 7-10%; d) 100%. 3. Broker bonuses in financial markets: a) cannot be excessively large; b) are mandatory; c) range from 75 to...
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In the foreign exchange market, the price can be either in a trend or in a flat. Oscillators are used for trading in a flat, which is also called a sideways trend or sideways. What kind of indicators are oscillators and what information can be gleaned from them? The essence of the oscillator As a rule, oscillators are placed under the price chart or, as traders say, "in the basement". When the price moves, the oscillator's curve or histogram follows the same direction. That is, both the oscillator and the price move together. But oscillator's oscillations differ from the price oscillations and sometimes they are very important. The matter is that the value of growth or decline of the oscillator is always limited by definite limits as, more often...
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In any kind of activity, a necessary element is the analysis of the results. Trading on the currency market is not an exception. How to analyze the results of your trading for a beginner trader? Is it important to analyze the results of your trading on the currency market? Often, the beginning trader thinks that developing your own strategy or optimizing the existing one is enough for successful trading on the currency market, paying no attention to analyzing your trading actions. But it is not less important. If your own successful and unsuccessful deals are not studied in details, if you don't keep statistics of losses and profits, it will be very difficult to increase efficiency of trading. The mechanisms of foreign exchange market and methods of their analysis are so diverse,...
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Для понимания механизмов валютного рынка необходимо освоить некоторые экономические фундаментальные понятия. В первую очередь, это понимание того, что состояние валютного рынка , как и любого другого, зависит от баланса спроса и предложения. Отображением этого баланса являются уровни поддержки и сопротивления. Согласно экономической доктрине рынков, эти линии являются показателями спроса и предложения при определенной цене. Уровень сопротивления на Уровень сопротивления отображает готовность участников валютного рынка продавать по данной цене. Согласно Закону предложения в экономической теории, предложение прямо зависит от изменения цены. В применении к валютному рынку это значит, что рост цены валюты вызывает рост количества продавцов. То есть, чем выше цена,…
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Правильный психологический настрой – еще одна их важнейших составляющих успеха торговли на валютном рынке . В свое время Уильям Ганн в своей книге «Прибыльная торговля на товарных рынках» описал 28 правил, следование которым значительно увеличивает вероятность получения прибыли. Применительно к сегодняшним рыночным реалиям их можно несколько перефразировать, не меняя при этом их сути. Правило №1: В торговле нужно использовать только 10% от величины суммы на депозите для одной сделки. Правило №2: Стоп-лосс необходимо выставлять в размере, не превышающем 5% от суммы на депозите. Правило №3: Ни в коем случае не следует переносить уже установленный ордер тейк-профит. Правило №4: Чтобы прибыль не превращалась в убыток,…
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Ни для кого не является секретом то, что наличие качественной стратегии является одним из обязательных факторов прибыльной торговли на валютном рынке . Наивысшим достижением для многих трейдеров является создание своей собственной торговой системы. Однако, для создания прибыльной стратегии необходим существенный опыт торговли на валютном рынке. Как начинающему трейдеру самостоятельно выбрать прибыльную торговую систему? Не суть важно, каким стратегиям отдает предпочтение новичок: трендовым, скальпинговым, канальным, контртрендовым или любым другим. Важно понимать, что все существующие на рынке торговые системы можно разделить на три большие группы, которые мы сегодня и рассмотрим. Базовые стратегии К базовым или простым стратегиям относятся торговые системы, описание и…
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