We have received some emails asking how the world of trading property inside, their advantages, disadvantages, alternatives, etc … After a time one stares trading where he has spent and is coming to conclusions about everything involved in this world.
The key question is: How do I live in the bag?
As you can see from the title of the post, there are four main types of people entering the market (we could rush to a fifth type, the employee of a broker, but I will ignore this, since this does not work, he seeks the spread (commission) and operates in the market). As I was saying, there are four types of people in the markets:
Being forex trader needs to be more intelligent and experts, is to be, fair and disciplined. For the market you have spent hundreds of thousands of people and nearly all have been many surprises. Some have joined with the desire to amass great wealth (because that’s what it seemed) in no time, however, saw daily as its capital waned to disappear completely.
So I’ve deigned to capture part of my experience and the experience of those forex gurus, for all a person who wants or quella is starting as an operator in the Forex market you to consider the advice, which when taken in becomes seriously useful tools when opening operations.
Achieving success in currency trading requires forex trading contest and avoiding numerous difficulties much, or more, which makes finding and executing winning trades. In fact, most professional traders will tell you some of the specific trading methodologies that make traders are successful without patience are general rules to those traders strictly adhere that keep them “in the game” time sufficient for success. Below are the most common mistakes that traders believe the currency trading? Continue reading Successful forex trader’s attitude
After determination of the moving average optimal to use in Forex, we can use the median line as a line of support for a long position, or as a line of resistance for a short position. Violations of this line can also be used as a signal that a coin is in phase reversal, in the case in which a trader wishes to open a position against the actual evolution of the trend or development of the new input levels for a position.
For example, if it is determined that the moving average at 30 days was shown to be a good support for a given currency pair, which is located in an upward trend, when the market were to close in correspondence of this line of support or even to below, then we can get the signal that this trend may be over. However, it is important to wait for confirmation of these signals. One way to do this is to wait a certain period of time below the level of support. If the trend continues to fall, then you can enter the market.
Continue reading Using moving averages to make forex
Every journalist who interviews a well-known, profitable traders can not do without too global, but they are not less important question: “How do you succeed?”. Indeed, this question interests absolutely everyone. Each would have refused to go the way of successful trader and start making money in the market. As no two are exactly the same people in the world, and there are no two identical paths to success, however, the path from novice to professional yet similar in many ways. And frankly, it is not enough for someone is easy, therefore, hope that all at once and easily drop out immediately. Remember one thing: the success or failure in trading depends solely on you. The fact that you will lose money is absolutely no one to blame, blame for the fans: life circumstances, market conditions, brokerage, family, wealth, etc., the path to successful trading in the market significantly delayed. Hence, extracting the first rule – if someone makes an error, it is only yourself.
Continue reading Way of the trader: From the beginner to the professional
The forex trader can use in the conduct of its business, Forex trading signals. These signals are composed of several parts. Surely therein is technical analysis, which is to interpret graphs. There are literally hundreds of different graphics that seek to predict the future movement of a currency pair by analyzing historical data. Some investors say however that past performance may not have any influence on future events that may influence the movement of a currency.
For example, the British pound may have done very well for months, going as a tendency, but then something unforeseen happens and negative British pound and the currency collapses, which would never have been able to predict the charts.
Continue reading The components of the forex signals
The intraday trader or day trader, is that you open and close operations on the same day. Here are some of the salient features of the day trader.
Types of intraday traders
Intraday traders can be classified into two groups: institutional traders and individual traders.
An institutional intraday trader who works for a financial institution. This type of trader has some advantages over the individual trader as the availability of more resources, better tools and equipment, large amounts of capital and high leverage, large amounts of new revenue funding to operate continuously, direct and dedicated connection to data centers, sophisticated analysis software (and expensive) equipment analysts at their disposal, and much more.
Continue reading Knowing the intraday trader
In the last article we saw how important it is for those who work part time in the currency market, to trade with a specific strategy. Assuming you work from nine to five, you can do trading before or after work. The best strategy for trading in one of two blocks of time is to choose the most active currency pairs at the time. Learn about the currency markets are open during those hours you will be of great help in choosing the major currency pairs on which to trade.
Continue reading Trading strategy for those who work part time, part 2
There are many terms that can be used in the currency market Forex. All forex charts platforms offer the ability to display graphics from a timeframe of 1 minute until you get to the weekly or monthly timeframe. Itmeframe What’s the best way to do trading?
This depends on the type of trader you are. If you’re a day trader you must use a short-term timeframe, in order to capture even the smallest trends. If you’re a swing trader is to use larger time intervals in order to capture only the larger fluctuations.
There are several timeframe that can be used to make day trading. The most common are those at 1 minute, 3 minutes, 5 minutes, 15 minutes and 30 minutes.
Continue reading Forex and timeframe, whichever you prefer?
Having too much confidence in our potential and our positions may be harmful to a trader as much as it is the lack of confidence in the performance of the position. Every sensation is a very emotional quality unwelcome in the mentality of a winner.
Having had a winning streak of positions there is a tendency for many traders to become complacent, arrogant and careless. When a trading system works well there may be a natural human inclination towards the feeling of infallibility. The trader can expect to be unbeatable and start trading relies almost solely on instinct.
This is not a good way of trading, which will not be able to let us have professional results, and usually has the sole purpose of damaging our account and make a dent in our mentality. Many traders accumulate money into your account, only to give back to the market all they had laboriously earned.
Continue reading Forex-What is the overconfidence
Considering the various data that affect the markets, fundamental analysis is one of the most effective ways to analyze the performance of an investment. With the ‘fundamental analysis can in fact estimate how the results of political or economic ones can affect the performance of a particular market sector, such as the foreign exchange market or the stock market. To achieve acceptable results it is essential to their work.
This means always being updated on the news and other information that may affect the performance of key currencies, no matter if they are news in the economic or the political sphere. Some investors can review the newspapers, browse through the Web looking for the latest news and even apply practical tools, such as the economic calendar, particularly useful in predicting the turbulence in this market.
Continue reading How to influence: The fundamental analysis Forex Part 1