Thursday, 21 April 2016

The attitude of a novice trader facing the charts

I have known many cases of people who try exactly the same strategy of another trader but do not have the same result of this ignorance and wonder why?   Is clear and indisputable that the attitude we take towards the market is critical to the success of our career, an operator must have a similar attitude to that of a psychopath: quiet, calculator, fribola, nerves asero, sure of what he does but others paresca them crazy, facing each market must be a murderer full of pips, corner the market in a very sagas.   When this attitude is acquired is very easy for any operator to succeed regardless of the method applied, it will not have the need for doubt or fear, there is the scheme will be if or will not, will be fully consistent with what is done and if there is loss or gain is equal, the intention is executed according to the logic is not the feeling of the moment regardless of the consequences, because now everything is coldly calculated, the stop and take profit stood equally in accordance with logic not with emotion that produces the expectation of will win or lose ?.   That's when the real race the trader begins, an operator must be a psychopath market, liquidating before take the next step, detect, corner him without giving out, put infallible traps and for this you need to study their behavior, their way of reaction its time of entry and exit, their strengths and weaknesses, this needs adaptation and practice and may be corralling the price, indicators are just a weapon but of no use if you do not know how to use on the victim, such as using a bow and arrow on someone wearing armor and a shield, so it is with the market when there is to know about what else moves, how it moves, how it reacts ...   Indicators are not more than a help, they are not essential, so my recommendation is to begin to understand without indicators, candles this whole pattern we need to study a whole, if we let all indicators very likely will the victorious market, its price they always react first.   The market is one, you have to study, understand it to take the lead.   Note: The example of the psychopath is only an analogy with the teaching point has nothing to do with learning incentives to operate outside the market.

1 comment:

  1. To trade with more proficiency it is must that you have good trading experience and analytical skills in forex.Financial Advisory Services providers can helps as well to learn about trading.

    ReplyDelete

Forex-Market

Forex-Market
forex-market

Advertisement