In the network you can find many negative reviews about trade in the forex market. Those who had unsuccessful experience in trading often declare that it is impossible to earn money in this market at all. It’s all deception. Nevertheless, there are many examples in history where traders have made impressive strides. From this we can conclude that they know some rules. Their implementation contributed to the achievement of a high level of professionalism, which allowed him to receive stable income from trade in the foreign exchange market. In this article, I will talk about some of these rules. The information will be useful not only to novice traders, but also to those who already have a certain experience in trade. It will make any trading solution more efficient.
Trade strategy
Unsystematic trade will never succeed. This has been proven for a long time. Even if some kind of profit is received at first, then in the end the trader will still have to calculate his losses. Therefore, the basic rule of profitable trading is the presence of a trading strategy. But it must meet some requirements. It is necessary for the CU to show stable trade results. If, according to the results of one month’s trade, you earned, suppose, 20% of the deposit amount, and the next month you lost as much or even more, then such a trading system requires serious improvement. The strategy should have specific conditions both for entering the market and for placing stop loss and teik profile. If the trader does not wish using such warrants, then it is necessary to develop specific conditions for fixing the profile or leaving the market with unfavorable development of the market situation. It is mandatory to keep statistics on their trade. This will allow you to timely identify the shortcomings of the work strategy and optimize it.
Market Analysis
The appearance of a signal from any indicator is not enough to make trade decision . The trader should be able to assess the market situation. At what the estimate cannot look like a simple assumption that the eurusd pair will grow. You need to have a detailed explanation of just such a forecast. The ability to correctly read the market also needs to be studied.
Bad deals
Misperception of losses is a serious problem for many start-up traders. From the very beginning, it must be understood that losses in trade are normal. The main thing is that they do not become a long series. Even traders with global fame sometimes have failures. Unprofitable transactions should be seen as a reason to analyze their trade. You should always look for an answer to the question: why did I get a loss in this transaction. The problem can be both the actions of the trader himself and the low quality of the trading strategy. Inga Fedorova 18.09.2021 Record Rules for success in trading in forex first appeared forex-for-you.ru.