1. Be propelled from simple 2 the difficult Select any one market (for example, USD/JPY) and learn its history at least for the last ten years (the more histories, the better). Secrete on a price schedule of a trend, support and resistance levels, look, as the prices behaved at approaches 2 these levels. Discover on a drawing figures of a technical expertize familiar and unfamiliar to you and closely learn behavior of a course in these figures. Try "to hear a tune" the rate of exchange, figured on a drawing of the prices. Having done similar exercises on raznomasshtabnyh graphics (month, week, diurnal, hourly), you will discover 4 yourselves many useful legitimacies. 2. Self-contained make of the solution The trader - the person who is responsible for outcomes of the job on all hundred percent. Therefore the trader always has the game schedule and SELF-CONTAINED makes of the solution. Only having kept separate from judgement of the majority, the trader can perceive correctness or a foulness of the operations, and it is a clue to successful trade. "If you ever find yourself tempted to seek out someone else's opinion on a trade, that's usually a sure sign that you should get out of your position" - Linda Bradford Raschke, stock and options trader.
3. Study on characteristic errors Carefully parse not only profitable, but, that is is not less relevant, unprofitable items. A bitter taste of losses is much less, if you have understood the gross error and, therefore, are assured of a volume that do not retry an error in the future. The trader, capable to fall gain from the done working on by errors, is doomed to success. "As long as you learn something from a loss, it's not really a loss" - Tom Basso, stock and futures trader. 4. Your system - your advantage To beat speculation, it is necessary for you to have some advantage B4 remaining traders. Such advantage is the characteristic trading system checked up on historical data and indicating a beneficial effect. The trading system should not be difficult that it it was possible to fine-tune easily a baking plate permanently varying market conditions. "Than more difficult the system, the in it is more than components, the it is more vulnerable" - Dr. Alexander Elder. 5. Discipline - a clue to success Many traders suffer defections, EVN having in arms "the awesome weapon" - characteristic trading system. The success secret consists in self-discipline of the trader and its capability to follow system cues, not omitting port timings and closures of items. "If you break a discipline once, the next transgression becomes much easier" - Gil Blake, fund manager. 6. Reasonable hazard - admissible hazard To start to trade, it is necessary for trader to have originally some money resources. The professional trader risks only that money which one it presumes to lose to itself(himself) W / O a financial collapse 4 itself(himself) or of the monogynopaedium. It is necessary for the trader for adoption of sound and cool solutions, 4 enjoying by thinking freedom. Therefore first of all decide, you are ready to risk what total of tools to sleep easy. If you are afraid to lose money - you necessarily will lose them. 7. In time intercept losses All traders know, how is is relevant to recognize and abandon an erratic item QIK. But recall, as it is difficult to leave "a native item" 2 which one you "have become attached soul". After all to terminate an unprofitable item - means to recognize the error, and whether you are capable to tell to yourselves: "Yes, olden time, this time I am wrong". To hope for a market sharp turn in the side and to be kept for growing losses - inadmissible luxury 4 the trader. Remember, the one who does nothing does not make an error only. If you have made an error, simply occlude an item, instead of try to enrich a situation various hedgings. "The single most important reason that people lose money in the financial markets is that they do not cut their losses short" - Victor Sperandeo, fund manager. 8. Yield lost heads to grow The professional trader never profits for the sake of lost head, 4 it correctness of prediction of fluctuations of rates of exchange and, only as consequence of it, obtaining of the material reward is relevant. 4 successful trade it is necessary "to take out lost head" only in the event that your trading system signals you ABT it. Yield lost heads to grow and you will achieve the maximum outcome. "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong" - Stanley Druckenmiller. 9. Correctly plot a trading tripod signal Do not 4get to increase an open position if the market goes to your side and you feel the correctness. Cunning in constructing of a trading tripod signal consists in that each new addition 2 an item was less previous. Only W such tripod signal the average rate of your open position will allow you to wait lost-free short-term motions of a course against you. "You can be far more aggressive when you're making good profits" - Stanley Druckenmiller. 10. Trade - a marathon for life Concern to a speculative play as 2 severe business in which one you wish to be engaged not one year, receiving the material and moral sufficing. The green hand aimed from the first bargain to double or treble the bill, "assimilates to the teenager who has escaped from the dwelling to Hollywood to become the film star" and, as a rule, comes off second-best in the first MTH of job. Your purpose - to learn to trade and become the present professional competently. In this case only you will attain stable beneficial effects. 11. Use cyclicity of outcomes Many events in the world descend cyclically. Life of the trader 2 transits through the seasons of victories and lesions. Increasing the dimension of the items in synchronization W the market and diminishing otherwise, it is possible to achieve a trade positive take. Skillful steering of the bill (money management) uses the majority of successful traders (if not all). "The idea is to lose as little as possible while you're in a losing streak" - Victor Sperandeo, fund manager. 12. Learn psychology of traders Traders, namely they form the currency market, - first of all people W their emotions and psychology. What is the change in exchange rate schedule? It not that diverse, as graphics mapping of judgements, hopes, desires, fears of universal assemblage of traders. 4 successful trade it is necessary to learn human psychology and its agency on adoption of trading solutions. Parsing price schedule, try to perceive senses and thoughts which one overfill traders in each point of time. Such approach will allow you to leave the ranks cowardly and weakening and to border on to rows of aggressive and courageous "piers" or "bears". 13. Perceive the motives Before to start to trade, answer a problem: Y I wish do it? You simply do not have acute feels in life or you like to solve artful puzzles? And can, you wish to grow rich, and suddenly? You dream to master the most interesting occupation (was possiblly for life) or you try to escape from gray everyday life? And can, to you do not yield rest of monastery of Soros? Clear submission ABT the purposes will help you to discover a shortest route 2 their reaching.
