How To Control Trading Forex
How To Control Trading ForexOleh: Fajar Imam Maulna Pada 2015-12-28 20:54:17
Get the desired target profit, without having to bear the loss that made bankrupt. However, the question of the sort usually only mentioned by traders. Why is that? Because experienced traders understand that the market was uncertain and cannot be controlled by anyone, so they will not be focused on controlling the result of trading, but rather a process.
The Market Can Not Be Controlled
Did you know, anyone who plays in the forex market? There are millions of people around the world. Of the millions of people that, about dozens of them are multinational banks that handle funds up to billions of dollars each day. Then thousands of them are hedge funds or corporate investor seasoned Chelsea millions of dollars. But the greatest number of players was a small capitalization forex traders like us, between tens to hundreds of thousands of dollars. Try to consider. Could those who capitalized on a small and located in hundreds of different countries, controlling the market where billions of dollars are held by the big players? Obviously not possible.
Therefore, forex traders are so petty, speculators can only benefit from "ride" the market movement alone. Let the movement of demand and supply in the forex market moves rates up to form certain trends, and focus to get the moment of entry and exit the market. You could be a loss, but with the right system, then the loss of it can be pressed to keep overall profits consistently.
By understanding these points, you will see that the proper result is not controlled, but rather the process of forex trading. Some way will be described below.
Control Forex Trading Tips
1. make a Trading system that is tested.
Successful forex traders are those who have a trading system itself, not by cheating other traders deemed more experienced, and not those who merely open positions based on intuition aka desultory. The first step to be able to control your forex trading, you have to have your own trading system that has been tested for some time with the demo account or small capitalization accounts. That trading system should at least include the timeframe and technical indicators what to wear, buy and sell, as well as the rules of stop loss and take profit.
2. Limit your risk: use of Stop Loss.
Many people underestimate the stop loss. But the fact is, there are no trader can succeed in the long run continuously without the use of stop loss. At the beginning, so you think it's okay, but along with the increasing number of unexpected events in the market, then you will see that the stop loss it is absolutely necessary. Without a stop loss, the risk of loss that you could not limited responsibilities, for the solution please see surefire Solution reduces the loss of trading on forex.
There is not enough to just have the trading system alone, you should also implement discipline rules of buy and sell as well as stop loss and take profit. Of course, if the market conditions change, then you need to adjust the system. But if a system that was made was not used in any discipline, then the result will not be as good as the results of the testing of the system at the beginning.
4. Pull the Profit on a regular basis.
It's also important to attract profits periodically. That way, you can enjoy the results of trading exertion, even just a little, and to motivate myself. In addition, the profit will be spared from the massive losses that might occur if market conditions worsen. Also, when the broker turns out of acting, then you can minimize the amount of capital that is missing.