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Data:2009-12-12 2:34
Make good use of financial budgets, should not have the necessary funds for capital with life
Avoid using your life as a trading fund of capital, financial pressure off of your investment strategy to mislead the General Assembly, and inviting trading risk, but lead to greater error.
Make good use of free demo account and learn Forex trading
For beginners to learn to be patient, step by step, do not rush to open a real trading account. Can first try simulation account, in a simulated trading in the learning process, your main goal is to develop a personal action strategies and patterns, when your chances of increasing profitability, gradually increase the amount of the monthly benefit that you can open Live trading account foreign exchange deal. Note that the transaction should be based on real state of mind to do simulated trading, the sooner you enter the situation, the faster you can develop real transactions can be applied to appropriate techniques. Necessary to simulate the real deal as a deal to carry out, because you have to develop skills of co-direct the success of your transaction is located.
Foreign exchange transactions can not rely on luck and intuition
If you do not have a fixed transaction modes, then your profit is likely to be very random, that is luck. Such profits can not be long. Or bad luck will one day have the same loss. Transaction intuition is important, but rely on intuition to do trade is a risky behavior, to understand the causes and development of a profit out of your own way is the most important operating profit.
Make good use of stop-loss orders to reduce the risk of
When you do the transaction should also be established in a loss of tolerance range, use of stop-loss trading, and avoid a huge loss, loss of account funds in accordance with the scope of the case. Do not stop in the event of interest-wan, because you have removed Quotes continuing to deteriorate, the risk of loss of infinite expansion.
Live within its means to
Shall account to measure the amount of trading volume, do not over-trading. In general, the risk of each transaction should not exceed 10% of capital accounts based on this rule, which can effectively control the risk, the mouth of a transaction number is too many unwise, it is prone to uncontrolled losses.
Society of the full implementation of trading strategies, do not find an excuse to overthrow the decision of the original
To avoid this fatal mistake of the generation, need to remember a simple rule: Do not let the risk of exceeding the already set a tolerable range, once the loss has to set the limits of the original, do not hesitate to immediately open positions!
Trading funds should be sufficient
Account the fewer the amount of the transaction the greater the risk, so to avoid fluctuations in the trading account only enough for 50-point level, the amount of such accounts are not allowed to commit a mistake, but even an experienced foreign exchange transactions also have to determine when an error Hou .
Error is inevitable, we should learn the lesson and not repeat the same mistakes
Inevitable errors and loss of produce, do not blame yourself, it is important from learning the lessons and avoid repeating the same mistakes, the sooner you learn to accept loss, learning the lessons, the faster the days of the advent of a profit. In addition, we must learn to control their emotions and not to make money and pride, they do not due to loss of an optimist. Transactions, the less personal feelings, the easier you can see the market situation and make the right decisions. A calm state of mind to face the gain or loss, to understand the transaction were not learning from the profits, but from the loss of growth, when a loss to understand the reasons for each, that means you Youxiang profit path step further, because you have to find the right direction.
Own worst enemy
Trader's biggest enemy is yourself: greed, haste, uncontrolled emotions, there is no preparedness heart, excessive self, and so it is easy to make you ignore the market trends which led to the wrong trading decisions. Not just for a long time did not approach trading transactions are carried out, or boredom, there are no certain standard provisions of the necessary number of a particular volume of transactions during the period.
Records of the factors that determine transaction
Detailed record of daily transactions, factors that determine whether this was what the event message, or other reasons for trading decisions you do, do the transaction and then to analyze and record the bottom-line results. If it is a profitable trading results, that your analysis is correct, when the similar or the same factors again, your records of transactions made will help you make the right trading decisions quickly; of course, a loss of transaction records allows you to avoid repeating the same mistakes. You can not experience all of all transactions recorded in the mind, so this record will help improve your trading skills and find out what is wrong.
Homeopathy operation, not to contrarian OK
To remember the old General Market: loss of part of the termination as soon as possible, profits will hold long positions on the long put. Another important code is not to let the losses occurred in the original site has been profitable, the sudden reversal of the face of market trends, instead of liquidation is not the case at no profit to make a profit position that had been turned into a loss situation.
Do not be anxious state of mind to turn around and deal
The face of loss-making situation, remember not to rush to the opening of a new position an attempt to reverse emancipation, which often only make the situation become worse. Only when you think the original forecast and decide on a totally wrong circumstances, to settle a loss position as soon as possible to open a reverse of the new positions. Do not guess with the changes in the market to play the game, missed trading opportunities, better than a loss to produce a good.
Each is a separate transaction
Never put two or more transactions linked! Remember that each transaction is a separate transaction.
For example, put in the 121.00 yen after 120.50 stop. 3 days later, after analysis, that the dollar will rise to buy U.S. dollars at current prices you can put the yen, but the price is 120.80, then, do not think that the last transaction in the 120.50 stop-loss, and now want to put it is not worth the 120.80 that must and so on down to the last stop-loss below 120.50 before the stock market. Such a link has not helped, and easy to miss the boat! As long as analysis, determine the transaction the market, stop loss, profit price, the market can be decisive.
