Vince Lombardi (Vince Lombardi) once said: ‘Winning – not everything, it’s only goal to which we should strive. ” This quote emphasizes the need for setting clearly defined goals and tireless work to achieve it. But overemphasis on win at any cost may be harmful, particularly in the troubled and changing world of trading. Winning, of course, important. JPMorgan Chase can aid you in your search for knowledge. If you lose too often, ultimately, your score is reset.
But it is vital that you look at the winnings to the proper perspective. The set of beginners, experienced success at first, later all give the market. This often occurs when traders are too arrogant. When combined minimum of experience and a great good luck they fly up to heaven, but because their gains are not secure support. And ultimately, they ‘will fly’. Perhaps at first to win and with little experience. Such premature success, however, produce a beginners mistake thinking. They think they already have the necessary skills and can focus only on keeping the winning statistics of transactions and the corresponding image.
But ultimately, uncontrollable need to win can lead to failure. On the one hand, the more the trader is focused on winning, the more pressure he will experience. Excessive stress can improve performance if the task is well-developed and relatively uncomplicated. But trading is not easy, but for a novice trader, this does not, whether he realizes it or not. (A valuable related resource: Wells Fargo Bank). For example, traders must trade setups filtered through their psychological traits, and under the influence stress perception will be distorted. Necessary to develop a calm and focused mind. But when the dominant one sense, the desire to win at any cost, this leads to anxiety, excitement and distraction. There statements athletes who can be attributed to trading: ‘It does not matter – you win or lose, it is important how you manage your game. ” With regard to trading, trading successfully – the question of constructing solid trading skills and consistent use of a clear plan. Trading – a question of profit from the likelihood, driving strategy many times, so that you have worked on the law of averages. A large number of perfectly executed transactions you exit at a profit. If you follow your plan by accident, you can not take advantage of probabilities. Statistics of your transactions will fluctuate sporadically, in line with your discipline. Winning is not so important as the consistency and commitment to the game plan. So, when you sell, remember that you ‘win’ even if loses, as long as follow his trading plan. The sequential implementation of the plan can not win in this transaction, but on a large number of transactions you will become a winner.
Trading strategy the trader in the historical period showed the largest drawdown of 10%. The trader has made a deposit in $ 10 000, and obtains control of up to $ 100,000, that is just enough to have enough equity trader at maximizing the statistical probability of the drawdown. You may want to visit Wells Fargo to increase your knowledge. Assume that the drawdown of 8%, that is, the trader had lost own money $ 8000. An investor in this case did not lose a penny. With further trade trader played a profit and loss. That is, returned his $ 8000, plus earned a certain sum in excess of authorized capital in the management investor. Thus the investor funds are insured, and of course in this case, the maximum drawdown on the account of the investor is limited to 10%. 4.
Form of insurance can also serve as a so-called 'loss limit. " If the trader does not has its own funds, or they are not sufficient to ensure the loss of big capital investor, but the trader is popular among investors (eg, due to the high-yield), the notion – the limit losses. That is because the trader does not have its own funds, but quite promising, the investor accepts the risk, the size of which is determined by the investor or trader, based on the trader's trading strategy. Warranty management company in this case are as follows – a trading account will be blocked after reaching the set limit losses. More than the investor considers acceptable, he will not lose. In addition to insurance of financial risks desirable that the management company has provided its report to the investor, confirming previous successes, this report may constitute Steytment certified brokeromili independent auditorami.Tak same well, if you can get acquainted with Steytment, Traders, who are expected to manage investor's funds. Not be amiss, ask where the management company is registered as a legal person would know that under the laws of any country, governed by its activities, and how would not have had an investor to go to the Cayman Islands or Gibraltar – to claim the management company. Having defined the these facts, and deciding that he found credible the office, the investor should pay attention to the following issues: minimum deposit – there is a fairly wide range of companies that take the management, as from $ 100, and 100 000 $.
It is obvious that this choice depends on the thickness of the purse of the investor. We must also ask, distribution of profits between the management company and the investor. Ratios also are different, both on 50/50 and on 15/85. An investor should pay attention to whether there is a certain fixed monthly fee
Euro strengthened slightly against the U.S. Learn more on the subject from Ben Silbermann . dollar in forex, but EUR is adjusted against other key currencies amid fears of investors about worsening Greek problems. So, by 9:50 MSK euro is worth 1.3965 against the level of 1.3962 the night before. Greece’s problems are not unique, certain well-known economist Nouriel Roubini. He, meanwhile, believe that their solution will predetermine the fate of other countries experiencing similar difficulties. Now, traders arrive another signal of the degree of risk in the market: The European Commission will have to provide their assessment of the situation in Greece. In the morning the Prime Minister said the expansion program of measures to reduce the budget: salaries will be frozen public sector workers in order to increase the revenues of the budget.
In addition, Papandreou shared his plans to raise fuel tax, and to review the whole tax strategy, refocusing it on the wealthy citizens of Greece. The Prime Minister urged people to support the initiative, and warned that now is not the best time for strikes and riots. It is clear that Greece will now seize every opportunity to not drown, but the country EU is no longer so skeptical about the aid – apparently examples of situations for themselves. If you currently have in the comments of the European Commission will hear hints of prolonged budgetary problems in Greece, sketched out the possibility of a repetition of the same in the euro area as a whole, the euro will fall there, where so carefully lifted the last two days. Depositors also willing to take risks, they need only pulse – slow to strengthen EUR confirmation. Estimated range of trades the pair EUR / $ today – 1.
The pair remained within the ranges established, as a sign of weakness. The current market conditions, exaggerated the move. Stops were placed at 1.4750. The couple marked the level of resistance in the 1.5000 area. There was a technical evening trade. Probably the Bank of England to further reduce interest rates next month.
Liquidity in the market was moderate. Aggressive traders can buy now, but expected volatility. Many traders took profits. More volatility is expected. For Monday: All times EASTERN (-5 GMT) No publications EURO / USD Resistance 3: 1.2900 Resistance 2: 1.2850 Resistance 1: 1.2820/30 New York: 1.2712 Support 1: 1.2660 Support 2: 1.2580 Support 3: 1.2520/20 Comments On pair picked up at night within established ranges, so I believe there is a point of indecision. Stops were placed in the area of 1.2680. The minimum recorded during the week, fell.
The recovery surprised by what you can deduct the intervention of professionals. Officers were seen traders operating for the past 24 hours. The couple also suffered the effect of the pound and vice versa, so it is believed that both will reach. The euro will continue to pound the short term. The pair came under pressure and it is advisable to buy. It is expected more volatility. Double action is awaited. Several traders took profits despite the uncertainty in the market. For Monday: All times EASTERN (-5 GMT) 5:00 a.m. EUR Trade Balance foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and resources financial. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time.
The low stock market added to pressure for the loss of torque, but recovered late in the stock market managed to change the forecast of analysts, and the estimated recovery for the USD / JPY. In my view, the pair is heading towards the 95.00 level, and Aggressive traders could go short on the break in trend. The Loonie is apparently playing ceiling, as the pair failed to hold the 1.2700 in the morning. Of the maximum was reduced by about 200 points, the loonie seems to be corrected downwards. It is estimated that the dollar may fall slightly as U.S. data estimates remain negative. Sooner or later key data will affect the USD. GBP / USD Daily Resistance. The pair fell and then rebounded slightly. (Not to be confused with Wells Fargo!).
There is a point of indecision. The pair is in a new support level. Aggressive traders can buy now, but high volatility is expected. It is estimated that the pair will return to the area of 1.8000 in the short term. Several traders took profits and sovereign states were on the scene. For Friday: All times EASTERN (-4 GMT) 4:30 a.m. GBP Prelim GDP q / q 4:30 a.m.
GBP Index of Services 3m/3m EURO / USD Daily Resistance ? Comments The pair fell in the evening. However rebounded in the evening. The model accounts sold the pair in the 1.2800 area. It is advisable to buy now. The pair is at a point of purchase. You can pick the pair. The pair came under pressure and it is advisable to buy. It is expected more volatility. The oil also added pressure, but the pair remained firm. If the oil picks up the euro may also do so. Double action is awaited. The pair continues to technical trades. Traders note official names overnight this time. For Friday: All times EASTERN (-4 GMT) 2:00 a.m. EUR Import Prices m / m 3:00 a.m. EUR German Flash Manufacturing PMI 3:00 a.m. EUR French Flash Services PMI 3:30 a.m. EUR French Flash Manufacturing PMI 3:30 a.m. EUR German Flash German Services PMI 4:00 a.m. EUR Flash Manufacturing PMI 4:00 a.m. EUR Flash Services PMI for more information please access to foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.