18 November 2009

3 terms of a successful trader

1. Make your personal opinion about the online forex trading currency market and all that it happens. When I hear that the trader may not think about anything, but simply is an auction, I smile and think that he or an idiot or a liar. In fact, every time you go to the market, you should at least subconsciously guided by forecasts of future price movements. You get the profit is not for what is currently happening in the market, but for what will happen in the future, and if you can not predict possible scenarios of market behavior, you're just a gray mouse in a den of cats.

2. Wait for the confirmation of your assumptions before you enter the bidding. Stories of trade is known a lot of analysts who have become bankrupt even before they were right. Perhaps your prediction is 100% correct, but do not start trading until it is confirmed.

3. Become a good manager. The most successful trader - the best manager. Even if you put 2 good traders in the opposite positions, both come out of the bidding at a profit. Every time you start bidding, guided by the principle: Hope for the best, prepare for the worst. To be successful, you need to become as good an analyst, and an excellent manager



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