20 a simple way to improve the performance of the trading in the Forex market
I’m going through the article, divided into two parts, the 20 ways I use personally and you also begin to use them to improve your trading performance.
Please read the article on dealing with part I, article on dealing with the second part carefully because I spent a long time typing for you and is full of useful tips and tricks that can make a difference in your trading performance. As always, do please please leave a comment after reading the lesson today so I know your opinion and what you have learned from that, and now we begin the lesson.
1. set yourself realistic goals and understand what you observe A reasonable short term goals can be achieved in reality within a short period and how you can achieve long term goals, unfortunately, most traders were focused on the long term goals that become professional traders “once you start trading with real money.
The main problem is that once the writers great long term goal without a realistic plan to reach a goal of no value. Maybe your goal is reasonable in the short term as a trader is to adhere to your trading plan for one month. Then after that goal you can reward yourself at the end of this month, as determined by the. Make sure you only select short term goals that can be achieved in reality, if you want to achieve the long term goal of becoming a successful trader in the Forex market.
If you are seriously committed to become a full time trader, you should put a strict plan to reach that goal, just the desire to become a full time trader not plan nor strategy might enable you to achieve what you want.
2. simplify your thoughts and your trading approach One of the easiest ways to improve your trading performance when you trade, as well as the overall development of your mentality out of trading the markets is to simplify your trading approach.
The basic philosophy is to make trading simpler is. I finally realized after years of trial and error in firstday trading I was just harder on myself so much analysis and trading in markets too. When you use a simple trading strategy such as price movement, it removes most of the doubt and confusion and frustration the traders by the uncertainty of how to trade using their strategy.
Trading is not difficult technically, but it is only psychological, emotional, and therefore cannot use complex and confusing trading strategy makes both technically and psychologically to trade more difficult than it should be. 3. development of your skills and develop your plan before you trade Always amazes me how many emails that I receive from traders who told me basically that they are traders in the Forex market and want to open a real account.
People seem to think of a reason they need very little expertise or readiness so that they can make money from the market. In fact this is not far from the truth.
Trading with a real account is not practical can be done without a plan or previous experience. I personally recommend all traders to master effective trading method such as price action trading strategy, so the solid trading plan of that strategy, and keep a record of trading and trade using their demo and record transactions in the register for a period of two or three months at least before they even consider trading with a real account.
The markets will eat up your trading account who tired to win the money and your bones out before to accommodate what happened (may be you know this already if you have traded in the markets for some time), so whenever you’re ready and you have experience before starting real trading, were starting out better in the long term. 4. don’t give up and return to previous custom It seems our nature as human beings, we feel the excitement and enthusiasm of the people doing the positive things we do not withstand the first obstacles or adversity that we met. How many times have you or has someone you know to make a decision on new year’s day following a diet to lose weight and eat healthy snacks, and suddenly you find yourself returning to the old negative habits back in mid February? You are not alone on this course, it is an inherent human nature.
However, the creator has provided us with a very powerful brain able to make us overcome our natures and human evolution to supremacy over our peers and positive habits rather than leaving negative habits dominate the lives of many people.
I assure you that trading does not win him zombie class of people or have no motivation to discipline and follow the plan for a long period of time. It is not difficult to have motivation and a good trading plan development in the Forex market, the more difficult it is to overcome yourself and sticking to that plan and to follow your trading strategy with the utmost discipline in trading a week and stop in the next week.
Most traders fail to adhere to the plan, and end up trading when there is no trading deals, oblivious to the plan traded and gamblers with their money in the markets. Not a member of that group but be distinguished commander, do things that you should do so when you have the desire, designed to play and be disciplined in the face of the temptations standing, those are things that you must do to be a successful trader. 5. stop trading if you feel frustrated or confused If you feel frustrated by the results of your trading or confused because of your trading strategy, it is best simply to rest for some time from circulation.
This simple practice her magic on your mentality and will return the passion and motivation to your trading routine normal. the liquidation of the mind of the concerns of the market for some time is sometimes the best thing you can do to improve your trading. Especially if you are suffering from a succession of losing trade, you need to take a break from trading real money to gather your forces and gathering up the pieces yourself again. Even though I felt a little tired in the middle of the day on which the profits made from trading in the markets, it is still better to stop trading for the rest of the day and then resume your activity the next day after having obtained a substantial portion of sleep that night.
It is easy to fall into the trap of excessive analysis concern and we become victims of the temptations, even without a market to note it. If you find yourself sitting in front of your computer for an hour or two just for market analysis or trying to find a deal, you may exit the market for some time. the task of the search check your strategy on the market should be a quick and relatively simple after your trading strategy fluency.
The expected deal should become apparent and obvious if your strategy from market after 15 to 20 minutes of browsing. So when in doubt and uncertainty then leave the markets until the next day or until you feel comfortable and calm. 6. trade less time than doing now, much less Talking too much about excessive trading, and with good reason, but I am not going to dwell on it too much in today’s lesson, only to mention that many traders are trading very much. I receive many email messages from traders asking about things like “how many deals that were expected to occur each week,” etc. However, in reality, it doesn’t matter at all.
Traders should focus on the quality of the deals rather than on the quantity of deals, because you have good return each month only deal or two large. Okay stop trading for a week, you should get it. Many traders feel like they need to trade all the time otherwise you will miss the chance to get a win somehow.
Well, the fact that the market is open all the time and entry of more things does not mean that the opportunity to make some money. You should actually consider the market as a way to lose money as it is a road to winning, that is what will help you not to return to the market quickly when not a strategy. There is only opportunity when your trading strategy realized, if you trading without a strategy realized you simply gamble. From the fact that the rate of trading the top be less return on long term average at least.
Traders who make trading policy flip flops “swing journal” where they continue to hold positions for 3 to 4 days or a week, on average, tend to keep working as traders, while traders on a daily basis make brokers continue to work because of price differentials, commissions from each of those transactions. Unfortunately, the often daily traders and traders of short of trading simply because they gamble and not deliberate. 7. stress your mind stops thinking about long it is harmful While the thought of mind mug are generally good in almost all professions in the world, but trading could in fact be counter productive.
The reason for this is that it is often better not to do anything on the market. Whether that means no deal is not converging with the outline of your trading plan or no intervention in the deal is under way, the traders are often traded accounts exaggerated thinking about what they should do next.
Don’t misunderstand what I mean, I’m not saying that you should not think at all to become a good trader. But what I am saying is that most traders think more than they should, and there is a huge difference, obviously, you should consider becoming a successful trader, but deciding exactly what your trading strategy and know the best way to trade through it leaving you a lot to think about. After you know how to trade using your strategy, it left only skimming the market every day to search for check your strategy or traded or let go. The best way to implement this approach of trading is a trading strategy on the end of the trading session, however, you can use charts in mid day trading session.
Do not overload the think deals also just launched. The default transaction management strategy “which is” exactly and forget “to my, then I lose periodically if that price movement clearly show a change in attitude of the market to the disadvantage of the central financial, were forced to close the transaction manually, but I don’t do I manually close the deal simply motivated by emotion, I thought long and satisfied by something which is not reflected in actual markets, and its many traders. 8. accept the idea that you need to There are few real trading sites that are concerned with the strategy of price movement and realistic trading strategies than the thousands of other trading sites that talk about indicators. If you followed my articles for some time and yet so you know I focus primarily on trading strategy pure price movement, as well as two strategies for changing sometimes averages.
With that. The indicators are “lost” for traders who are still looking for a trading system as a “magic wand” and it simply does not exist. The more awakened to that fact I went back to the right track faster to learn trading strategies in real Forex market .
You are not cavemen at the dawn of the twentyfirst century, and there is no excuse in the world to read and to educate yourself and to not make a real effort, then laziness will not work. Too many traders want to buy trading systems or attend seminars etc.
It is not a perfect solution. To learn trading takes time and effort from us, it is necessary to use your mind to become proficient in it. Many traders don’t invest in learning effective trading or spend time on learning and developing the skills of their deliberation, and instead return to the market without real and start trading in wasted money getting tired to win.
Nowadays there are a lot of available information at hand, there’s no reason not to provide the time needed to learn how to trade effectively. 10. abandoned fundamental analysis and news I know that many of you who read the economic news for hours and read many forums.
The fact that you are wasting your time with that Act, you are really a waste, you only need to accept the simple fact that all the basics, variables forex news is reflected through the pure price movement on the graphic screen.
Will not dwell too much on this subject in the lesson today because I’ve discussed in other classes, and there is really no better way to sum it up, only to say that all the news from economic news and all the things that affect the market and reflected on the price movement in the market. So if you learned reading price action, you also learned to read the basics.
THE END
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(part I) 20 a simple way to improve the performance of the trading in the Forex market
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