Forex Trader
ByForex Trader
Performance Table on Forex Club System Trader
What are the strengths common to have a forex trader?
I want to know the positive aspects that should be taken to be a good trader.
You will find this book: Schwager, Jack – Bolsa participants Lefevre, Edwin – Reminiscences of a Stock Operator by Jesse Livermore – one of the largest operators of all-time settlement of the exchange by David Nassar, the market has little room for arrogance and ego. Create a written plan. The plan consists of two main parts: 1.The plan is a draft action plan prepared before the negotiation begins. Consider the plan a few weeks. It a living document that evolves over time. Always check my plan for the summer trading conditions and market demand different strategies. 2.The Each day is a Microwave model. This is the document that requires adhering to their plan. The emotional aspects of daily transactions on a post here. Questions such as: • Should I follow my plan today? • What to keep? Discipline • Have I done the necessary research? • Do I recognize levels of resistance and support by volume? • Is my methodology correct? Ask the following questions and answers in your journal. These questions represent immaterial that the technology can not be caught by a database. If you did the right thing and still lost money, take note. If you did the wrong thing, take note of that. Other issues are addressed, it was my strategy (play split profits, dynamic, etc.)? • • Am I out of fear or logic? • What do I do the right thing, and I feel good about my decision? • "I can do the same road again • in the same situation? Have indicators confirming to enter the trade? • Did you follow my discipline? Why or why not? Readers are encouraged thought. By putting your plan on paper, somehow more real than it is when it occurs in your mind. Things may look good, but black and white seems unrealistic or improbable. Nothing is more dear to a merchant trying to make things happen is not realistic. Another important reason for the plan: you can not deny. If the plan does postions said one day to another, and do it anyway, you realize that you have violated their own discipline. When the plan is that in his mind, it is easy streamline and discipline erodes as the sands of the beach. The plan is a way to keep track, not just a P & L. Many more factors to process more than money. Emotions, accountability, responsibility, focus and creative thinking has brought the whole dynamic of negotiation with a dimension in setting monetary gain. Writing so that such motivations and components are for you, while monitoring joining every day, through his newspaper, increases exponentially the likelihood that you will get your desired result. Rules are still evolving Find a mentor. There is no quick fix in this area. There is no easy way to make money in trade. Expand conviction. The market has little room for arrogance or ego. Avoid holding positions over the weekend. Scared money never wins. Get the knowledge. Know your strategy. Use Level II as an indicator, not as a tool for decision support, all inclusive. The levels do not read not ticks. Know the order route. gaps tend to close. supply and demand determine the price.
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