Greetings, dear visitors of my blog! Today I would like to tell You who are successful traders, and how to join them? But You should understand that successful traders succeed not because they smiled at Fortuna.
Behind every success story lies a long and painstaking work, which match with many UPS and downs. The first thing you need to understand trading is a complex way that will take much of your time, effort and nerves.
Not everyone is destined to succeed here, and if we neglect the sales process, then some success can even forget. Yes, trading gives you the chance to become financially independent, but do not think that everything is very easy and simple.
Let’s judge logically, when Your things are good, You are all wonderful! At work rushing, the family of grace, accordingly, You will be on edge, and feel great!
But from time to time in life there may come a black stripe. Of course, the person experiences emotional decay and comes to anger.
Within trading, it is all too applicable! You can spend weeks to get a huge profit, but always potentially there may come a time when You can all profit to lose in a few minutes.
This situation, in principle, are cyclical and can be repeated many times. Anyway, any trader at least once in his career faced with a similar situation. Accordingly, You must always be prepared for what can go something to go off of Your script.
Successful traders so different that they always know that at any moment the concept of the game may change not in their direction. There are several aspects where it is felt a serious difference between professionals and Amateurs.
I suggest You consider all of these aspects, and draw some conclusions!
Aspect first. As shown, the vast amount of unsuccessful traders focus in the group scalpers and short-term speculators. The problem here lies not even the fact that it is quite an aggressive way of trading, a time-bound framework.
The problem lies in the absence of a coherent training traders who do not have the necessary experience and expertise to consistently earn. This type of trade generally does not allow a trader to relax even for a minute, and potential losses from rash action will only increase.
In addition, such traders often do not have the necessary capital, and together with the aggressive trade quickly drain your account.
In this respect, the longer-term trade is more promising and less invasive from the point of view of statistics.
Aspect the second. Many losing traders are often inclined to believe strange gurus and their stupid methods of trade. Successful traders mostly use trading strategies that specifically clear to them, and are comfortable trading with them.
In the context of trading, there is a misconception that complex systems of trade are more promising. But here it is necessary to judge more globally, because it does not matter complex or simple system.
The most important thing to the trader comfortable to trade with it, and it brought him a steady profit. Success in trading a lot more depends not on the system itself, and how competently You can follow her rules.
That is why the success it is achieving those traders who are able to always be disciplined and to follow the rules of their own algorithm. Most do not bet on trading strategy, and to develop their own skills.
Aspect the third. Many losing traders make a very big emphasis is on the indicator strategy. They spend the least time on studying the market and its concepts, they are used to all the light.
Agree, it’s much easier to mindlessly act indicator signals, rather than conduct an independent market analysis and find profitable entry points. Eventually, at some point there comes a crash and the trader gets severe losses.
It often happens that the indicator system may be a month to show themselves perfect, but the next month if global market sentiment is changing, and the system stops working.
While good profits are replaced by a rather serious losses.
Aspect the fourth. Successful traders are always focused on the current price movement. They absolutely do not care where the market goes tomorrow, a special priority for them is the current state of Affairs. Losers constantly trying to guess where the market will move in the long term.
The fifth aspect. Successful traders always pay special attention to a losing trade to reduce the amount of its losses and improve the ratio of profit to risk. Losers always cyclade on their successful trades, they’re just maniacally chasing in order to each deal brought in profit.
You should be focused on how much potentially You can earn in the deal, and how much to lose. But do not forget that not every transaction will be closed with a good profit.
Aspect sixth. An experienced trader always focused and in control of his emotions. In turn, the Amateurs after any undesirable result go mad and lose control.
You have to understand, if a trader opens and closes a trading position based on emotion, he initially acts irrationally! Emotions, even positive order, seriously interfere sensibly assess the situation on the market, which in any case will result in errors, respectively, and losses.
The seventh aspect. Somehow it so happened that losing traders are afraid to be wrong! Any losing trade they regarded as a blow to their ego, and indeed, they are painfully react to it.
In turn, the experienced trader knows that not everything will not always go according to his script. Potentially he understands that he can make a mistake that will cost him a certain part of its capital.
Here it is necessary only to understand that it is not possible to provide right. There are times when we will inevitably make mistakes, and mistakes are responsible.
The eighth aspect. After a few losses, some immediately jump to another system or to learn another method of trading. In turn, the successful traders carry out full work on the bugs and look for the kernel misses.
In General, if Your system has brought a loss, you should not immediately resign from her at all! Judge the system health in the long term.