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Foreign exchange trader must read a classic article

trad cashback forexg way, the rigid cashback forex profit calculator easy to break but the most Yin to the soft, before the worlds weakness is forexcashbackprofitcalculator like water, but good as water success, equal to small losses, plus small cashbackforexprofitcalculator large profits, many times accumulated to do not appear big losses is very simple to survive as the first principle, when there is a danger of hindering this principle, abandon all other principles because, no matter what you used to, had How many excellent performance of 100%, now as long as the loss of a 100% you will have nothing trading way, guard the invincible, attack the winnable enemy 1 million loss of 50% will become 500,000, 500,000 value added to 1 million but it takes 100% profit to be able to each success, only make you take a small step but each failure, but will make you take a big step backward from the first floor of the Empire State Building to the In trading, there are always things you dont expect that will make you lose money. The easiest way to find out if you need a stop loss is to ask yourself a question: Assuming you havent established a position yet, are you still willing to buy at this price? Against the cashbackforexpipcalculator, or try to beat him there is no need to be savvier than the market when the trend comes, should be, followed by no trend, watch, quiet wait for the trend to finally clear, and then do it is not too late This will lose a small amount of opportunity, but won the safety of money Your goal must be consistent with the market, follow the market trend If you are consistent with the market, profits will roll in since If you are wrong about the trend, you have to use The ancient and reliable umbrella of stop loss single This is the relationship between the trend and profits of the two most basic rules for successful manipulation is: stop loss and hold long on the one hand, cut off losses, control passive on the other hand, the profit trend is not finished, it is not easy to get out, to let profits grow fully long market, most stocks can not be afraid to be temporarily set because the next wave of rise will soon let people unsettle, or even profit this time, buy the right But also know how to sit still, regardless of the wind and waves, like a leisurely walk the key to the way of trading, is to continue to grasp the advantages of rapid recognition of losses, is an important principle in the short market trading when the position suffers losses, do not add code to fight again in the short market, do not lose or even lose is to win more to do more wrong, less to do less wrong, not to do not good in an obvious short market, if you are afraid of suffering small losses and refuse to get out of the game Sooner or later, you will suffer big losses learn to let the funds in batches once the first entry position loss occurs, the first principle is not to add the initial loss is often the smallest loss, the correct approach is that it should be directly out of the market if the market continues to be unfavorable to the first entry position, is poor trading, no matter how high the cost, immediately admit compensation do not worry about missed opportunities, good hunters must be good at waiting for the time when there is no big opportunity To be quiet as a stone trading way lies in, patiently waiting for opportunities, patiently waiting for the most favorable risk / reward ratio, patiently grasp the opportunity we are holding their own money, to be extra cherished only right do not go to blindly measure the bottom, and do not blindly speculate on the bottom to know that the bottom and the top, are the most likely to lose big money in the region when you feel confused, do not make any trading decisions do not need to be reluctant to trade, if not The appropriate market does not have a higher chance of winning, do not reluctantly enter the field of exchange market like a battlefield, the money is your soldier in the right direction, in order to calmly enter the battle to win first and then seek war, not first war and then seek to win the core of speculation is to try to avoid uncertainty trends, only bet in the obvious upward trend and in a fairly certain action before, and then buy yourself an insurance policy (stop-loss level to get rid of out of the game) In order to prevent their own subjective errors do transactions, must have the ability to start over twice, including capital, confidence and opportunity you can be defeated by the market, but never be eliminated by the market we came to this market is to make money, but this market is not a fully automated ATM into the foreign exchange market, is to rob those who are always ready to rob you foreign exchange speculation is about timing and skills, the opportunity is not every day. Even if there is, not everyone can seize the opportunity to learn to analyze their own good grasp of the opportunity to their own long, attack their short opportunity to get a vote, no opportunity to wait and see, leave if they are not sure what they are good at, do not take rash action with the crocodile swimming risk, enter the market to make money need to be cautious to do transactions, the most taboo to use pressure funds once the funds have pressure, the mindset will be distorted you will be because of the normal market You will panic out of the market because of the normal fluctuations, and only afterwards find yourself in a very advantageous position you will also be constrained by the time of use of funds, when there is no opportunity to throw in the towel, and ultimately a total loss of money management is the strategy, buying and selling foreign exchange is the tactics, the specific price is the battle in ten transactions, even if six transactions you failed, but as long as the six transactions of the loss, control the entire transaction principal 20% of the within the loss, the remaining four successful transactions, even with three small gains, to fill the entire transaction principal 20% loss, the remaining one big gain, will also make your return is not low you can not control the direction of the market, so do not need to waste energy and emotions in the situation they can not control do not worry about what changes will occur in the market, to worry about what countermeasures you will take in response to changes in the market judgment right or wrong is not Important, the important thing is that when you are right, you get how much profit, when you are wrong, you can afford how much loss before entering, quietly think more, think about how much expertise they have to support their own fight in the market, think about whether their mindset can withstand the ups and downs of the storm, think about their pockets of limited funds to cope with the infinite opportunities and losses speculation in foreign exchange, such as The most important factor for success in trading does not lie in which set of rules is used, but in your self-discipline kung fu time determines everything life is not just a battle of strategy, and to some extent is also the competition of time and life Baffert live 10 more years, even if only 5% of the annual sustained profit, the total growth of its wealth, but also enough to laugh at the world