Discipline is at work on Forex

15. The psychology of a trader

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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.

The initial contribution that would be needed to get started in Forex (despite all the stories, wandering in the Network) is very small. First, you will have the opportunity to trade, to thoroughly examine all the rules and nuances of the market even without any investment (with the help of the demo account no Deposit or Forex accounts). In addition, the Forex market does not have to fear crises and sharp falls. Disaster that make of the enterprising and intelligent millionaire bankrupt, peculiar only to the stock market.
You've probably heard it countless times: "Discipline is a key factor in the successful trade". Discipline is mentioned in almost every book about trading, and many - right in the title. Why discipline is so important? Trading is largely a matter of getting the profit from the likelihood. Suppose, this trading strategy gave in the past 85 % profitable trades. Then the question of the probability that this strategy will show the same result and in the future. It may not. Unforeseen factors such as changes in the state of the market can corrupt strategy, reducing its profitability. Lack of discipline, worsens the situation even more. When the strategy has a high likelihood of future success, the only way to take advantage of the law of large numbers is to flawlessly as possible to make transactions as defined principles of a trading plan. The disciplined trader enough trusts strategy and plan gives trade reasonable chances to profit from the likelihood.

Undisciplined trader, on the contrary, varies. He should plan trade, periodically retreating from strategy or changing it. Discipline is indeed a key component of success, but not everyone has a high level of self-discipline. Is to determine where You are and if there is a lack of discipline and self-control, work on elimination of defects.

Discipline and self - control are well studied traits. Some people are highly disciplined and well control themselves. They scrupulously follow the rules and carefully control their impulses. You know the type of people - they each month check their credit cards are never late for meetings and carefully plan every detail. Although these qualities may become ideal for trading, they have a down side: these people Have problems when taking risks. They prefer the security of, and trading results rarely can be called confident. Traders live in several random world. They may unwittingly be at risk, but they do not oppose it. In fact, they lack the discipline and self-control. Perhaps that's why so many books on trading, and the masters consider it necessary to preach the dignity of self-control. What are your discipline and self-control? You find it hard to follow your own trading plan?

it is Desirable to have more discipline when it comes to trading? If there are problems with discipline, you can try the exercises to stimulate. Please rate your level of self in everyday life and try to increase it. You're late for a meeting? You spend a month more money than your budget allows for it? You often breaks promises? Not always the disciplined trader pedantic in all aspects of life, but it helps. Strategies of life, which we use in everyday life, can leak and трейдерскую life. If You throw your money around money, объедаетесь, or do not know how to restrain a craving for pleasure, You can be more difficult than others, maintain discipline in trading. So try this exercise: a few weeks, try as much as possible, to control their lives. To select a specific area where You can take more self-control. Monitor resource consumption, waste of money and time spent at leisure. Soon You will discover that there is less need to restrain impulses, and everything happens much better. And this, in turn, could have a positive impact on your ability to stick to a trading plan. It's worth a try. Discipline is the key to successful trading, and it is vital that we do all that we can to strengthen it.

Seasoned traders will often describe the peak of the spirit, with which they trade "in the zone". All around the clearly regulated. They trade synchronously with the market, almost instinctively acting with the tide and the tide prices.

Although experienced traders will often speak about trade in peak condition of work, new traders can hardly reach it. The fact that trading in the zone comes with experience, in this sense trading is very similar to the professional athletics; the need to achieve a high level of skills, to work easily and intuitively, and at traders this, in turn, leads to consistent profitability.

once You discover a winning trading strategy, using it to produce consistent profits is the question accurately read the market, execution of strategy and impeccable exit a trade. Strategy cannot win every time, but You know that on historical data it works with "probability casino, just like the casino, the probability is on your side. When the likelihood is on your side, it remains only to make a deal behind the deal to "the numbers work for You". The more transactions You spend trading under his plan, the more likely to receive profit.

However, if You "failed" certain transactions, that have not yet reached a high level of trade skills does not matter that the strategy declines probability in your favor. This is similar to professional sport. No matter how inventive strategy invented football coach, without capable players, it is doomed. When one does not have high level of skills, even the most inspired plan will fail. The same goes in trading. No matter how unique trading strategy, if you have not enough skills perfectly fulfill it.

As traders and athletes must act immediately. They should work intuitively, to see and interpret signals quickly and, nevertheless, exactly. They should work intuitively, to be able to detect signals so fast that it almost unconsciously. The construction of such a skill requires practice. You want to make a deal for a deal to feel the subtle changes in market conditions, which are difficult to catch. Along the way, you also need to learn to put protective feet to manage risk without their frequent switching from excessive and sporadic volatility. Finally, you learn to keep track of when it's time to close a position with the profits or cut losses for the protection of the capital. Markets are constantly changing and only with practice you can learn to freely conduct transactions and intuitively respond to thin market status. So don't underestimate the importance of practice. Is a winning trading strategy is necessary, but it must also have a high level of skills to take advantage of the winning probability. Build skills can help You take advantage of this probability and give consistent profits.

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