How to Trade on the Forex Market? Vol.1 - HYIP’s

How to Trade on the Forex Market? Vol.1

Trading is the game of mind. In this article we examine the conditions of successful trade on the Forex market. Undoubtedly, trade on any market is not possible without a good skilful trader. That’s why the main point of this volume of the article “How to trade on the Forex market?” will be about the trader as the most important component of the Forex trade.

 
First you should change your consciousness from thinking of a normal person to thinking of a trader. Almost all traders, besides several successful who actually made million and billion dealing on the market, simply spend their time for nothing attempting to study the simplest like reading data and graphs, improving entrances and mastering outputs etc.
 
Trading is the game of mind and without the appropriate structure of consciousness it is a losing game (even before its beginning). The preparation of trading consciousness is the first step for a successful trader but almost all new traders disregard it that explains why more than 95% traders fail finally.
 
The acquisition of the knowledge of market is not difficult for a person with the average intellect. But the level of intellect and knowledge do not determine the result of the trader’s market activity. The process of decision making plays the most important role. Making decision is very difficult for the majority of traders but it is the main reason of success or failure of any trader.
 
The trader is ready to make decisions after spending time for studies to realize his knowledge and develop the system. However, this all is easy to say but it is difficult to put into practice when traders deal with the real money on the market.
 
If profit grows to several hundred dollars and the system tells you to continue, there is no guarantee whatever that the profit will not become loss in a few days. Only the discipline helps the trader to overcome the sickliness of correct solutions in the necessary time on which the result of transaction depends. Therefore I call trading the game of mind.
 
It is always advisable to average the intermediate-term position when traders are convinced of the appearance of a new trend. Thus, after beginning the position of USD/JPY with 135 traders added to 132 and 129. The same thing is for AUD/USD and EUR/USD. Of course, this process costs much money and hurts too. Many traders cannot transfer pain and leave too early.
 
But there is no other method to make much money and we must suffer pain till the intermediate-term trend remains intact. That’s why it is important to remember that the psychological aspects of trade are important for successful trade.
 
Any market (immovable property or Forex) is the method of the money transfer from the crowd to several luckiest persons. A lot of money is made by the speculations with the people’s real property but this money is visible only on the paper because the profit disappears before transferring the paper profit into the solid available amount. In most cases of speculations on the Forex the human mass hardly survive several years because insufficient knowledge of market is lacking.
 
Each trader must find his method and system which approach only to him. Therefore, if intermediate-term trader Tom makes money already three decades with his method his system can not be right for day traders Dick and Harry and vice versa. Successful trading is the skill to obtain as much as possible when you are right. This is the main point of this business. Therefore, any theory or system which satisfies this rule is good.
 
The majority of traders do not realize control of capital in a right way therefore there are so few conquerors finally. Only control of capital and discipline make the trader but not the elementary methods of entrance and output. Trade on the Forex is the game of feelings with the mentality of crowd where even the best players with the best forecasts loose good positions by the motion of price.
The Forex market works in a very simple way. For a while it will be saved in a certain area and as soon as the accumulation is completed the Forex moves to a certain distance. Then the phase of accumulation again begins and moves to a certain distance, and again, and again.
 
Day trading cannot give best results when the accumulation and the distribution fight neutralizing each other by zigzag steps. At the same time when the market begins to leave the area of the accumulation day trading is the reliable method to interrupt profit.
Generally, the trade inside the day is not the best form of obtaining profit though some authors attempt to prove this statement without having made real money in this game. The safest and best way to make money is to wait the end “of accumulation” and to take a total length “of the distribution” in the form of a short term (within 2-10 days) transaction.
 
In the conclusion of this volume we show the most important sayings of the Forex trading which can set the traders on the right track of this business:
 
On the Forex it is necessary to think how to achieve the immediate object correctly and not to think about the distant future. The immediate object can be 2 pips or 20 pips, or 200 pips, or 500 pips depending on the style of the trader.
 
On the Forex everything is possible. The information of a good quality is all in this game. Catching of the bottom of USD/JPY is the basis of all risky transactions.We always learn to deal and daily we learn by each other. This is the beauty of trade and life generally.The Forex players can work secretly but they cannot hide their motions on the graphs.
 
A good sleep is important to successful trade but the majority of traders sleep only with one opened eye.




                                                << GoTo HYIP’s INDEX Page >>