Friday, March 13, 2009

For those who are at an impasse


Thinking of writing as a reminder to start trading some of the psychological aspects of trading, very soon, however, realized that to write about the psychology of not only the result - too many factors affecting trade in financial instruments.

Alas, probably will have to talk about things, it is quite obvious, really sorry. However, I am sure that the thoughts expressed in this article will be useful not only for beginners to players who are actually addressed, and experienced traders to once again compare their views on some key moments of trading.

So, gentlemen, the paper primarily for those who suddenly is specifically recognized that it was deadlocked. This awareness may come to you through the month of trade, may in six months, and possibly a year. However, it always comes as a sudden, and it is always very painful, if not, which is close to despair.

American Psychiatric Association has long been classified a state as a "syndrome of the trader." Meanwhile, overseas psychiatrists believe that this serious disorder syndrome. And most probably, a sad fact that this disorder is addictive, leading to becoming not only a tremendous loss of money, as well as in life, but also the acquisition of chronic diseases associated with the condition of the nervous system and the human psyche.

Experience shows that such a syndrome at least once, attending to all traders, and yesterday shkolyarov and mothers masters, having long experience of successful trading. Alas, I will not believe that the successful traders place, assuming a heavy experience, passed away this syndrome.

Always funny and sad to watch the debates adherents of a particular species the analysis of financial markets. Apologists of the technical analysis, proudly called themselves "technicians", trained a unique "100% successful" trade policy makers from many textbooks, and is frank in the statement of its secrets, copyrights textbooks teh.analizu, with foam at the mouth are ready to defend the priority of technical indicators , waves, candles, etc. etc.

The followers of the same fundamental analysis, referred to as "fundamentalists" (I ask not to be confused with the orthodox adherents of a religion) are also persistently will argue that to take trade action is possible only after the publication of the index of Michigan, or the Friday review labor market ...

There is a third class, I would be among them, the so-called, traders, innovators. Armed with a new fashion or technique, like the "fork method", or a fractal theory of chaos, they Biya himself in the chest, proved remarkably effective those policies.

However, success does not require evidence, the best evidence are used "histori account and increasing the welfare of the trader. Maybe so, and the first and the second, third, and why it sometimes resemble naperstochnikov, which is well aware of the result, a very entertaining show the crowd of "good" guess its podelnikov.A addition, there are numerous professional teams "shoumenov", which should draw the crowd in a venture called the "Trading".

At the analytical sites, whose number is growing like mushrooms after rain, particularly those belonging Dealing center, many eloquent zazyvaly analysts strongly recommend the "open positions as soon as the price of the closing hour will cross key Moving ..."," but with further growth of the market increase the short position because that it will soon fall ...", etc.

Particularly impressive multiple forums where skilled magicians, moderators, delete messages pessimists and "losers", adding bright colors, on behalf of pants (possibly their own) and create a myth that does not cut cabbage at Forex may just very lazy. " And as a result, cultivation of the trading as the most easy way to earn money, not a particularly utruzhdaya in knowledge, and almost did not incurring any cost ...

The victims of this policy are many bedolagi that are not even enough to understand basics of trading, losing all their capital and leave the market forever. Perhaps years later, they remember about this stage in his life, if you get in a cold sweat ...

Generally, each solves itself, will you. I am not calling all readers to follow a "single and reliable" method, and not underestimating the difficulties of this profession, which may engage in only one of thousands of people just want to share with you some tips, which at one time played for me invaluable role.

These boards are not a dozen, they do not take a lot of time reading, but they are months and years of reflection, exploration, and almost daily market analysis.

So COUNCIL FIRST:
Obtain and carefully studied BOOKS CLASSICS teh.analiza and fundamental analysis. Recently, a great many books on the basics of trading, and not to drown in the sea, strongly suggest, first of all get acquainted with the writings of the classics. Their textbooks, time-tested, often much more informative and useful book of revelations-new-modern authors, which should bring to the slaughter market as much as possible the number of new bedolag ...

Sometimes, in the preface to the publications of these here newfangled authors found these "masterpieces" of advertising and promotional policies, to which have not yet our Russian authors, often issuing works of all those American classics in their own interpretation. For example, in the preface to the book of a well-known American authors had read even a sentence: the fact that this book was published, the author proposes an amount of six zeros (!). Well, and say now, unless you do not buy this book, read the preface to it, for what a few hundred rubles?

I will not enumerate here the classics, such names Murphy, Schwartz, Demark is well known, they are always listening. I just want to notice, even when reading the classics should be preserved in a good sense of skepticism - many of them described methods has long been outdated and do not work on the market today, but know they still neobhodimo.V exploring the foundations of fundamental analysis, because of their high availability You can use the writings of our authors, such as Lihovidov and others. And as for the analysis of market psychology, it seems, no one had ever surpassed our former and current American author Alexander Elder. That is when it is examining its books should be read to fully grasp. The point is that the development of the analysis of market psychology will allow you to properly evaluate their actions, and do not move in a few months from the category of novice traders into a bedolag with syndrome trader. "

SECOND BOARD:
Having studied the classics of all types of market analysis, be sure to select for themselves like you trading tactics. It does not matter that you do not have enough experience to evaluate its success. The tactics needed to be to trade only on the plan. Initial prerequisite for entry into the market should be a line of current market conditions for the opening position of your chosen trading tactics.

Get that in your trading book, there were no trades that were not dictated by the chosen strategy. In doing so, never pull over the ears of "the conditions for joining, not to persuade, not convinced of the time, which is not really. Do not give in to provocations on the "sharks forex. Remember that markets are replete with false movements like "spikes", "bull / bear traps," "failed big way", etc. In short, coached his will. Certainly, you have to miss a lot of trades, some of which are possible and would be successful, however, saying the long-term survival in the market, so Pace of successful trading, you should be aware that these nevhozhdeniya too, is part of the method. Often hear questions from novice traders who are interested in "the most correct and most effective" tactics of the trade. So, all the good tactics in the hands of skillful trader. And not one of the most trusted tactics will not save a deposit of "discharge" from indisciplined trader.

Learn above all to use that tactic in which you understand yourself, which you recommend a more experienced colleague, or in the end to which you believe, just read. It does not matter. With the acquisition of practical experience, you have to sharpen this tactic to perfection, and accept to adopt other tactics.

It is important that at the initial stage, you have learned Trading ONLY ON PLAN.

(To be continued)


Valiev Wahid

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