On the one hand, to decide what you want to be Trader

Friday, October 15, 2010

First you must decide what you want to be a trader, a scalper, a swing trader or owner of a position.

Write what kind of negotiation will suit you better or make you "feel calmest. Remember all trading is purely psychological ...

If you need action you'll need a scalping game plan (how many pips risk/stop loss and take profit). If taking many smaller losses in exchange for greater profits go against nature, then you might want to consider trend trading or as a trend.

This can be as simple as buying a 15 day high and low sales for a 15 day for example; if you like to "keep your powder dry", you could gradually enter both inside and outside the market trend, such as purchase/sales equal lots after moving a certain pip period you will need to specify-if the trend turns will start relaxing away from its current location and start building opposite positions. You could have a project in step 3-5 times in the same direction.

And please keep this in mind always: never over leverage!If you find yourself uncomfortable because of losses, then it would be better if you take a break for awhile and forget as much as possible about trading.Get out of your head, you'll come back to analyse what happened and make changes to your approach to trading on the market if necessary.

The worst thing you could do more negotiation or a higher leverage to "lost with losses"; If you cannot train yourself that negotiation is relaxed and calm case, then it is either not for you or you're ready for this. Trading as nervous basket case is the fastest way to the poor House! The Las Vegas Strip is lined up with people who have tried, request a quarter ...


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