Many people are trying to master the Forex market, study numerous literary publications and forums, attend courses. One of the highlights of the study is to develop a forex trader has got certain qualities. Unfortunately, many newcomers are unaware or underestimate any of them are needed and how they can develop.
Most beginners believe that trading in the forex market - it's mostly math, so immersed in the intricacies of technical analysis and totally forgets about the psychology of trading. Later, when it is calculated and analyzed do not seem so vague and complicated, and it comes to rest. These are the principles of money management and have already called psychology trade. But no matter how precisely the scope of the trader's greatest challenges, there are certain qualities that address, he will receive a profit or not, how will profit and how many will spend their time and effort to do so. Of course, it is better to learn about them in advance.
Among them most - the most common quality, and only a small part - specific. Among the first are the ability to think logically, to be consistent, stress, commitment and others all the familiar features that are always needed in life, what would people be engaged.
Among the specific qualities may be some tendencies rights. For example, a particular currency, which traders think the most clear and predictable. In addition, there may appear to the arithmetic of love and geometry, while technical analysis for traders will be key.
But all these qualities are not binding and may be replaced by others. For example, a profound logical thought and deliberation are ideal for medium-term trade. And the same one who was accustomed to sudden and fast decisions and not can restrain yourself constantly, more like intraday trading forex. Also, love the old tried methods allow to choose a conservative trading strategy, and clearly follow the rules. A thirst for innovation can be applied to develop a new concept of trading, adding new elements, filters and other schemes of modernization strategy.
Many qualities can hone and without direct trading on forex. But it will be less effective because it is difficult to assess what each trader should learn. Therefore, the best option would be trading nademonstratsionnom account, and yet better - in a mini real. Such a move might seem very risky, and many traders say that this is unacceptable. But it should be noted that this approach maximizes quickly and clearly makes the trader's plunge into the world trade.
weakness and slowness lead to the fact that the process of mastering forex trading sometimes delayed for years. And only those who spend on it every day, most of the time, did not linger long on demo accounts have the best chance receive their share of forex earnings.
should be noted that most beginners negative attitude towards the loss-making transactions. They believe that earnings Forex - the only thing they need. But any professional confirms that the profitability of closing the deal - this is money, and closed at a loss - an experience. As one of the classics of literature Forex: "Think of the lost forex dollar - it's a dollar invested in your experience."
Source: www.liteforex.org
Most beginners believe that trading in the forex market - it's mostly math, so immersed in the intricacies of technical analysis and totally forgets about the psychology of trading. Later, when it is calculated and analyzed do not seem so vague and complicated, and it comes to rest. These are the principles of money management and have already called psychology trade. But no matter how precisely the scope of the trader's greatest challenges, there are certain qualities that address, he will receive a profit or not, how will profit and how many will spend their time and effort to do so. Of course, it is better to learn about them in advance.
Among them most - the most common quality, and only a small part - specific. Among the first are the ability to think logically, to be consistent, stress, commitment and others all the familiar features that are always needed in life, what would people be engaged.
Among the specific qualities may be some tendencies rights. For example, a particular currency, which traders think the most clear and predictable. In addition, there may appear to the arithmetic of love and geometry, while technical analysis for traders will be key.
But all these qualities are not binding and may be replaced by others. For example, a profound logical thought and deliberation are ideal for medium-term trade. And the same one who was accustomed to sudden and fast decisions and not can restrain yourself constantly, more like intraday trading forex. Also, love the old tried methods allow to choose a conservative trading strategy, and clearly follow the rules. A thirst for innovation can be applied to develop a new concept of trading, adding new elements, filters and other schemes of modernization strategy.
Many qualities can hone and without direct trading on forex. But it will be less effective because it is difficult to assess what each trader should learn. Therefore, the best option would be trading nademonstratsionnom account, and yet better - in a mini real. Such a move might seem very risky, and many traders say that this is unacceptable. But it should be noted that this approach maximizes quickly and clearly makes the trader's plunge into the world trade.
weakness and slowness lead to the fact that the process of mastering forex trading sometimes delayed for years. And only those who spend on it every day, most of the time, did not linger long on demo accounts have the best chance receive their share of forex earnings.
should be noted that most beginners negative attitude towards the loss-making transactions. They believe that earnings Forex - the only thing they need. But any professional confirms that the profitability of closing the deal - this is money, and closed at a loss - an experience. As one of the classics of literature Forex: "Think of the lost forex dollar - it's a dollar invested in your experience."
Source: www.liteforex.org
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