- Country: United Kingdom
- Listed: October 9, 2017 10:29 am
- Expires: 5021 days, 12 hours
Phone No.: +91-9958406102
Skype : intraday.trading
“The better advice, the harder it is to stick to it”
This aphorism of the Persian thinker Unsur al Maari describes the quality of interaction between the student and the teacher. No matter how valuable the advice was, ˗ what’s the use, if no one follows it? And vice versa – what can you think of a person who does not follow his recommendations himself?
Son of difficult mistakes
Good advice is always born from experience. Seeing the man, smeared with dirt and green mud, who claims that there is a swamp in the north, we most likely will believe him and do not go north. Agree, trust in this matter theorist in pure shoes, much more difficult.
A trader with 20 years of experience, saw a lot of exchange bogs before he began to conquer the peaks. His experience allows us to give efficient advice that works and leads to improved results for both beginners and advanced traders. After all, as they say, the general principles are unchanged, only the scale changes.
7 universal advice from 20 YEARS EXPERIENCED TRADERS
- Never follow the majority.
If you think that the crowd is right, you know – the crowd is mistaken. In trading, you can not rely on “seemingly” and “want” at all. This is not a casino, and not an election.
- Try not to run ahead.
This applies to both training and trade. The study of the exchange must begin with simple things, gradually moving to complex ones. Then there will not be confusion in the head, and you will learn the material much better. Getting ahead in the trade means trying to guess instead of analyzing. Do not do it this way!
- Learn to observe the “feet”.
Establishing for themselves “stops”, it is very important to observe them. Unjustified risk can be very expensive, so check everything in advance, and do not go on about the excitement. “Stop” is the law!
- Do not spray on what you do poorly.
American surgeons are famous for their skill, due to the fact that they have a specific specialization. There is an oculist surgeon, an obstetric surgeon and a pancreas specialist. Their activities do not overlap. In the same way in trading. Learn to work well either with a breakdown, or with a false breakdown, or with TREND. Do not mix functions.
- Always keep statistics.
Personal statistics ˗ the only true source of information about the trader. You can think that you are going to a plus, or in a minus, but only the numbers will show the real state of affairs. Even if you are an experienced trader, remember: it is better to know what not to know. Statistics ˗ is 50% success.
- Analyze the schedule correctly.
When you make pictures of the graphs of the previous transactions, and try to disassemble them, try least of all to look at the right side of the chart. During the actual transaction, you will not see it. Instead of getting used to a crutch, learn to walk with your feet.
- Understand the Market.
WE WOULD argue that the understanding of the Market is at the same time the most difficult and most productive skill of the trader. To master this skill, it will take years, but when you achieve this – you can congratulate yourself. You are on the verge of success!
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