Here we summarized a successful tips and the veteran trader who has also been a professional Trader (trading for Living).
1. Create a plan and description of trading with both. Criteria, when you need to know:
* Open position
* How many digits Stop Loss & Take Profit is' ideal '
* Have a financial management strategy (money management). This is related to how long you bertrading in a month, how the level of resilience against the risk of your account loss, when the pull of the funds, when the increase of funds, and allocation of income to savings, investment and consumption.
2. Make a trend your crony (Trend FOLLOWER). Never against the market trend (although not including the mandatory rules). If prices are rising, you can install Buy position and vice versa when prices are down then you can install Sell position. Most people often take on the (counter trend) and often wrong - even though there is also often true:).
3. Hold with both capital & carefully you. Do not leave your investment to $ 0.0. If this is the loss, try pertahankan 10 - 50% of your capital, so that in time will want to add funds or injeck, Rupiah Dollar is paid or not too large. Imagine if you have to add funds for the large loss due to Forex trading you.
If in two or three times already trading spend 20 - 40% of the capital due to loss, stop a moment. Hold yourself to a new position. Do not follow up to "avenge" or "want to back the capital." Try tenangkan mind and your head. Arrange your trading system back in the Demo Account. Sisihkan within 3 days - 1 week to try trading system in the Demo Account.
If you have steady, please go back to Real Account.
4. Knowing when the time dispose of "toxic". Term toxicity is Buy or Sell a position that has been opened that has been floating (float position / not closed) or negative position minus the rather large. Say if Buy GBP / USD you have -150 points in the period of 2 hours, if still eligible kept. Or if the position of AUD / USD is minus -100 within 20 minutes, if still disayang-pity?!
Ah, the price is later return. Well, if no price back and forth, we become "poisoned" their own, both mind and body. We can hurt physically if not yet reflect the position of the closed reach 200 points for example. Just remember, find the money now rather difficult period yah. I have no productive time in 2 - 3 hours, I have to be amputated / Cut Loss. Cut, remove the already tumefy & not productive. Moreover, that would make the position of stay, more than one day with the hope that more profit and also get a premium interest rate, legal obligation to install Stop Loss. Our suggestions, if you want to be tomorrow, attach Stop Loss 200 points from the position you open. Use trailing only facilities provided by the Stop if the trading platform.
Stop Loss Plan your early as possible. These days, the price movement for the Euro & Pound reaches 200 - 400 points per day. Determine the ideal Capital Start & Stop Loss you with situations like that.
5. Do not be emotional. If the target is to reach a daily or monthly, right out of the market. Do not be greedy.
Avoid the fear. Nah this related tips No.6, be informed. If you already know the extent to which prices can move with the technical & fundamental indicators, do not search for the disease. Do not hesitate to install a Stop Loss or Stop trailing to limit losses.
6. Be smart & informed. Not intend to support one of the private TV, but be a smart trader. Here is a smart base and why should I have to Buy Sell. This means you must research the market for Fundamental and Technical. Open daily from Forexfactory.com News. Adjust date & time with the time in which you reside.
7. Immediately write your trading on a trading journal. Make a note Profit / Loss Your daily. Note also salvo, why and how fate loss. My Trading Diary .....
8. When the price or a little sideways movement, do not enter the market. Basically if the world of your own doubt, what with your forex trading. Account Forex eg just as you bring your car on the profit / profitability.
* Not valid for those who are specialists in the market sideways!
9. Do not trade too much or excessive. In one day, you are a scalper for 10 times the maximum position. For your Daytrader good position and a maximum of 2 Trader swing away. Remember, the condition of fundamental & technical analysis of Forex that often change from time to time.
10. Never Give Up. Do not give up .. never give up. Loss of Demo $ 5000 within 1 month, try again with the fund $ 1000. Loss, enter the fund $ 3000, ff. Discover the trading system that is suitable for you. Only one aim: Consistent & Profit.
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