Larry Williams: training - the main trading

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Many believe that the Forex trading game. This is partly true, but unlike the game of Forex trading is a real opportunity to earn a living. Investments in the currency market do not require deep mathematical knowledge, but in Analytics trader should understand. One of the most important abilities - the ability to interpret the news.

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Our dealing center has over activities in the international currency market and gives the possibility to earn on sale of currency for both experienced and novice traders (Forex traders). Forecasts of leading analysts of the market, and, including trading robots and signals enable traders in their work.

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Trader and runner and marathon runner Larry Williams draws Parallels between successful trading and successful marathon distance. Williams, recently in the sixteenth time successfully running a marathon, indicates "pain and suffering" as the two most obvious points of similarity between trading and long-distance running". Anyone can run a marathon after training. The same applies to commodity trading - if you are well trained, can hope for success," he says". On each track there is a point when you feel disgusting, but you have to run forward and put one foot in front of the other. Same thing in trading. To do their transactions one after the other, " says Williams. - When I get to a point in the distance, I slowed down a bit. Similarly with trading: when I lose in the market, I step out and take a breath".

Williams began trading stocks in the early 60-ies. However, ten years later one of his friend advised him to pay attention to commodity markets, since, according to him, Williams, could there "to weld". And he really "welded" properly. In 1987, in the framework of the world 12-monthly tournament of traders Robins World Cup Trading Championship, he was able to turn $ 10,000 to 1 in 100 000 dollars - an achievement that could not surpass even a single trader . Williams calls himself a "contextual trader" utilizing a mixture of technology and basic concepts. He currently leads trading for themselves, doing mostly futures on Treasury bonds, futures S&P 500 and currency futures, working within one to three days.

When he was asked about the state of the currency futures markets, Williams responded: "I don't think currencies are dying. Markets always pass certain stages. What has upset the funds is that their programs for tracking the trends didn't work (because of the currency have recently become more stable)".

Williams is a pioneer in the application of pulse indicator %R. "I was impressed by the work that one man did with stochastics," he says. - I liked the idea, but stochastic seems too confusing and hard to understand". The indicator %R, as stated in "Technical analysis of futures markets John j. Murphy, "is based on the same (with stochastics) measurement concept of the latest price close relative to price range along a certain number of days. Today's price at closing is deducted from the price high in the range of the specified number of days, and this difference is divided by the range of prices for a given period". "The price closing near the highs, within a range, means that there is a powerful buying," explains Williams. - The top of the markets - when they reach highs at the closing, and the bottom of the markets when they are closed at the bottom. Markets reach the peaks, because buyers no longer remains. %R allows you to see it." At the same time, according to him, this tool should be used in the overall context of the market.

"Technical indicators - not the alpha and the omega, as it seems some of the technicians," - said Williams. Another indicator, which likes to use in his trading Williams, the data are "Commitments of traders" (Commitments of Traders), which is published every other Friday the CFTC. This report provides statistics on open contracts of large hedgers, large speculators and small traders. "When the big hedgers are moving from net long positions to net short, it is usually a good buy signal," said Williams.

In the current conditions of the market, said Williams, bonds are close to low. Large hedgers are suitable to hold a net long position, which is quite bullish indicator. In addition, they have accumulated a lot of currency. But they will take a lot of time to go up." Regarding the stock market: "I am a short term trader on the market S&P. But the most intelligent of my friends for a long time are short positions in this market".

What are the thoughts of Williams about trading? "What I like about this business is the ability to think ahead of time. Most people live in the present. But the trader have to think: but it might rain in six months? Whether through war? Will there be a famine two years from now? It's an interesting place to live — we are all in the future," he says. According to him, trading carries with it a significant emotional burden. "In these markets there are the huge swing, which lead to huge emotional swings. This may cause traders to manic depression. Your lifestyle becomes similar to the stock pattern. After 34 years, my life is full of big peaks and drops. Almost all commodity traders, whom I know very quickly something to rejoice in, but also very quickly from something cool". How's he taking it? "Run," was the answer.

you Should also understand that although we are doing serious things, it's still a game... life is not limited to that".

the Board of Williams beginners? "Start slowly. Spend a lot of time and money to study, because education is cheap compared to experience in this business. Those who learned more than others, achieve the greatest success in these markets".

Also "more learn to manage money. Just having a goal is not enough. You might miss a crucial step that needs to be done... Cut spending and do not limit the income," said Williams old saying that exists in the market. "Looking at all these years, I can say that this is a difficult way of life. He's really a burden, but I'd never traded," said he in conclusion.

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