1 . Starting with the basic knowledge of the transaction . It's amazing how many people in order to play without understanding what they are doing . In order to be the expert in the field of business and become one of those successful you must have a thorough understanding that you are doing and what is expected . This does not mean that you have an advanced degree from one university financial credibility - the market is not interested in your qualifications .
2 . Forex trading is a total of 0 games . For the first transaction will be 1 transactions . If the market is 80 % of the expected value will be 20 % of the expected price down . This means that 20 % of the power that will finance the equivalent of 80 % of the rest , and cash flow because they hold a more concentrated so it will be great advantage and can impact up to 80 % more than the other .
3 . No one is stronger than the market .
4 . The challenge is not the impact on the market , which is " read " by the market . You must learn to " Surfing on the waves " instead of dealing with it .
5 . Transactions based on market trends rather than focusing only determine the highest and lowest point of the price
6 . Try to catch the top and bottom of the market is one of the common mistakes in the monetary transaction . If you want to sign transactions with the highest and lowest points , you must wait until the rate actually went up to the top or bottom of the market before you place the order. Strategies for trying to reach the maximum level in Forex is risky , while the predicted plan where to stop will bring profit potential and minimize your risk .
7 . At least 3 of the market trend : uptrend , downtrend and stable trend . You must have a strategy for each trend .
8 . Out of the market is also one of the strategies you need .
9 . Buy fast selling fast as the market trends up or down .
10 . Do not select the currency trading was delayed impact from the market .
11 . The decrease trend patterns always exist , merely that any excess . For example, when the market up , you can still place orders easily sell more by selling previously canceled orders . Get deals on the market trend .
12 . A buy signal ends with a sell signal and vice versa .
13 . Continue order to see profit and stop as soon as you start losing the signal .
14 . Continue order to see profits , but not too greedy . Once you feel bring profits were positive , consider withdrawal from the market and if you want to continue to be able to start a new trades . Often, you always want your transaction will end up with a profit as " hit the jackpot " but it totally unrealistic . Do not hold orders for too long and ends with the return of the whole market profits you 've earned .
15 . Use these tools to protect " stop- loss " and " limit " to help you limit losses .
16.Luon set command ' stop-loss ' ( stop- loss ) in your dealings and never sit and watch your account is declining . Most investors are often at a loss when trading will continue to run with the desired market will " change direction " in their thinking , but unfortunately , it just makes them more and more lost . You will win and lose . Simply learn how to minimize the loss , pulled out of the market risk and the opportunity to put forward the next command . If your mistakes , learn from failures and mistakes continue again . To avoid losses , be wrought in the habit of setting goals and limits profitability acceptable risk for each transaction before you start to place market orders . Then put the command " stop- loss " in one appropriate price - but not too thin ( you will soon be closing statement ) to keep you in the game enough before the market shift in the direction you desire. Set stop-loss order is one of the most effective strategies .
17 . Avoid using protection tools without a clear plan .
18 . The stop loss is 1 art . A trader must combine technical analysis using charts based on the exchange rate and capital management skills .
19 . Analyze your failures and learn lessons from it . All your lessons are expensive , and you have to pay for it . Most traders do not have to learn from mistakes because they do not like to mention it .
20 . Terminate the command as soon as signs of instability , you have to minimize the maximum loss .
21 . Survive ! In the forex market , the stand until the phase of " volatile " market size will be successful .
22 . If you are a " newbie " , be the small transactions ( mini account ) in the first test period , enough to be able to analyze the market, " bad " and " good " . You can only learn from the mistakes of his decision .
23 . Do forex trading if you do not want to learn and do not care about finances, because the market , not your financial resources will determine whether you survive or not . But if you do not have enough money , you can not exist when the market against you .
24 . Be objective and subjective removal of your thoughts .
25 . Using the principles of money management .
26 . The financial management will help traders survive in the short term and sufficient to achieve the goal of long -term profitability .
27 . Diversify , but do not overdo it .
28 . Use at least 3 index tool for analysis.
29 . Calculating risks before placing orders , and not to risk factors in the long run .
30 . No transactions impulsive , not planned .
31 . Must have a clear goal and objective .
32 . 5 Steps to Creating 1 trading system :
a) Provide criteria for transactions
b ) Turn it into objective rules
c ) Check the chart based on
d ) test on demo account
e ) Evaluation
33 . Activities planned and executed that plan .
34 . Transactions with one clear plan - not with hope , greed and fear . Determine which you participate , how much to risk and your profit point .
35 . Follow up plan . Once the command and support tools are set , do not cancel it unless there are compelling reasons to change your current position .
36 . All transactions are successful on 3 main factors : anticipated rate , timing and proper money management . Predicting exchange rates to help you determine the market trend . The appropriate time to help you determine the orders and the closing . Money management helps you determine how much is enough for the transaction
37 . Do not hesitate about the system that you set up . Please transaction based on it whenever possible signal .
38.He set your system based on the trend of the market is quite different from the trend .
39 . Planning before entering the market to remove the emotional component of you . Determination of the sign , the retreat, and goals . By looking at it in every small change of the market during trading hours . Profits will come to those who act , rather than react to market . Do not change during the transaction unless you have legitimate reasons for it .
40 . Check 2 times per second .
41 . Always thinking based on realistic assumptions . The transaction is based on assumptions rather than certainty . You may decide to " true " but the market can be against you . This does not mean that you are " wrong " , just one of many transactions you have to accept , and on the assumption , you went to the left side of your plan in place. Do not expect that you encounter transactions " bad " - This should be part of your plan and not ignore them .
42 . Molds to start analyzing your market is determining the general trend of the market .
43 . The first deals with the strategy that you appreciate the most .
44 . When you define the market position , please follow the instructions below
a) Start with small victories . The successful transaction was smarter after each transaction
b ) To identify the potential location
c ) Do not put yourself at a disadvantage. One of transaction management rules that you must abide by is " Never put yourself at a disadvantage trading position " . The investments are divided into two categories: success and failure , and if you start trading as a failed opportunity to overturn it will be smaller and riskier . What is needed to become successful is to eliminate failure , so why not wait until the real market potential for your participation . If you adhere to this you will see the market will expand with you .
d ) Otherwise, in many cases, the transaction will touch the end of your command and then go back and you will feel unlucky . No matter what the result , never to fall into the "failure " and hope that the market will soon reverse. Factor of success is to minimize the maximum risk is acceptable .
e ) Adjust the protective measures in accordance with your order of termination .
45 . Risk Management
a) Do not risk more than 3-4 % of your capital in all transactions
b ) Plan ahead before the end of the transaction
c ) If you fall into the hole had planned , stop trading , assess what misleading , and wait until you regain confidence for a new transaction .
Timing is everything. Determining the true market is only part of the problem . Time to enter the market and the right time of day , even every minute there is a difference , is the difference between winners and losers .
46 . No transactions in a panic . Do not trade if you have done it to get money to pay for a bill last month . If you have accounts that pay 1 per month or you will have trouble financing will cause you difficulty to comply with the rules , trading goals , and will ease the crisis . In currency risk is able to profit thereby . Markets , methods and transaction time is based on your decision . No transactions if you need money to pay their debts. No transactions if business and your expenses can not be guaranteed by other sources . If this does not only make you more stress and negative impact on the decision-making accuracy .
47 . Understand why you are entering the market . Killing time ? Do something great one ? If you honestly answer this question , you will determine the path of success in the Forex market .
48 . Never leave your account to touch the " margin call " ( the capital call ) , not risking the interest you have .
49 . Close all the commands are holes when you define the word order .
50 . Except for short-term trading , you should issue a decision in an objective way possible.
51 . Planning for the long term to take steps in the short term .
52 . Rating historical volatility to determine daily points and exit points .
53 . Start with the volatile trading day prior to the long -term fluctuations
54 . No transactions over time . Transactions on Pattern model : Model revesal , Exhaustion models , and models always appear breakaway . Learn how to see patterns in every transaction .
55 . Try to ignore the normal state : not too confident in the news media rigidly .
56 . Always evaluate homework whenever significant changes . You will never know what caused the sudden currency fluctuations .
57 . Learn to feel comfortable to make a decision in a few groups . If you're right in the market , which means most people go against you ( 80 % of loss , 20 % winners )
58 . Technical analysis is a skill to be developed by experience and learning . Always is a constant learning and learning .
59 . Note that with all the " tips " and insider information . Please wait until the market volatility to determine the information you have is right or wrong , and then place the order according to current trends .
60 . Buy the rumor , sell the news " Buy the rumor , sell the news " .
61 . KISS - Keep It Simple Stupid , more complicated is better does not mean the opposite.
62 . Time is the determining factor in currency trading .
63 . Timing is everything. Determining the true market is only part of the problem . Time to enter the market and the right time of day , even every minute there is a difference , is the difference between winners and losers .
64 . Strategy " buy and hold " does not exist in the forex market .
65 . When you open one account with a broker , do not just consider the amount of investment , you also need to decide terms of time investment . This helps you maintain your capital and avoid ideological Las Vegas -style " Good , I'll play until I run out of money " . Experience shows that those who survive in the long period will begin to understand methods to make money .
66 . Bring your laptop with you , and always record the information market noticeable . Saves all changes in market rates , your comments , purchase orders , and more notes . Read them often, and use it to evaluate your ability .
67 . Do the 20 trading profits on your first . Keep accurate % winning percentage which you achieve . Once you know your direction , increased profitability will be hit with more and more diverse lot than in the use of supported commands . In other words , this is your time to pay more attention to financial management .
68 . " Rome was not built in one day " and not jump in just 1 day .
69 . No transaction limit .
70 . Always have 2 accounts . 1 and 1 account is a virtual account . The learning will not stop when you actually start playing . Keep your virtual account and use it to test the sensitivity markets , supporting commands ...
71 . Patience is always important not only in waiting for the right time , but also in maintaining the game.
72 . If you are superstitious , do not play when something affects you
73 . The technical analysis is to study the operation of markets through charts , which aims to predict market trends
74 . The chart shows bullish sentiment and reduced market
75 . The purpose of setting up the chart of the exchange rate fluctuations to identify market trends up or down to shrink the market which helps to track transactions .
76 . Fundamental Analysis studies the cause of market movement , while technical analysis assessing the impact of such fluctuations .
77 . Commodity price escalation which shows a hot economy and causes inflation . Commodity price collapse shows weak economy and weak inflation .
78 . In areas that have active business transactions and foreign exchange are there more important .
79 . There are three final decision of a transaction: buy , sell and stand out . Buy when the market is up , sell when the market is down . But the smartest decisions when the market is no clear trend is the 3rd option - stand out .
80 . The flow of money is always closely related . Once there is movement from one point in the flow , prices will move toward balance with the width of the flow . Therefore, the transaction required extensive assessment of the market and thereby assess external impacts on cash flows .
81 . Larger pattern model , the higher the potential profits . We use the word " great " to be the height and width of the important trends . Height represents the variation of the model . Width represents the time required from the beginning to the end of a model . Model with greater scale - the price fluctuation in the higher range models and longer intervals - as role models and significant profit potential in predicting higher prices .
82 . Disruption of the important trends . The signal of a trend reversal is often the breaking of important trends . But nevertheless , the fluctuation of the grown trend will necessarily be a reversal . Change the trend could be the beginning of a new pricing model , but can also be a manifestation of a strong uptrend next . And also the transformation of a trend signaling the end of the previous model run .
83 . In forex trading , needs 4 new points created triangle ( triangle ) . Remember that two points determine one new trend .
84 . Moving Average ( The moving average ) is followed by the market , not the market leader . It is not appreciated and are only responding to market . The average tells us the starting point of a trend , but only after the trend going .
85 . Only short-term average more sensitive to price fluctuations , compared to the long -term average . In normal market evaluation based on short -term indicators will be more efficient , while the long term has more power in the volatile market .
86.Tir if the closing price is higher than the average , would usually tend to buy into . And vice versa tend to sell out if the price closes lower rate than average .
87 . Buy signal occurs when two moving averages cross each other and looking forward to a longer period . Sell signal for reverse movements .
88 . Short term moving average is often incorrectly higher level , but the trend may indicate faster . The trick is that you should try to figure out which way the market is sensitive enough to indicate trends , but also precision fit to avoid fluctuations " virtual " .
90 . Cutting losses is very difficult for the transaction . The ability to reduce loss of skills at the right time as the experienced investor .
91.Su volatility of cash flow , trend rate adjusted to fit the width of the market .
92 . Long -term graphs provide important information in long -term or cyclical market . The transaction can be accurately predicted and prospects of market orientation in the long term , the strength of outlook or a big trend with many small trend , or volatility of the likely long -term trends .
93 . The main points of the pattern reversal
a) The first signal of threat trend will reverse the trend line break is important .
b ) the larger model , the stronger the trend going .
c ) The bottom of the range always have lower prices and longer to revive again .
94 . Model " head- and- shoulders " is defined only when all 3 points and its trend is entirely within the " neckline " . The rate failed to break the " neckline " helped establish the forecast model .
95 . Model " double -top " is defined only when both the bottom and 2 reverse trend may lie in its scope " neckline " ( closing price is not on the neckline ) . The rate failed to break the " neckline " helped establish the forecast model .
96 . Model " flag " to provide reliable 2 signals : direction and price objective price towards. This model is consistent with the period of consolidation and exchange rates only fluctuate around the trend up or down . The consolidation will be the slope of the slope and the trend pattern .
97 . " Breakaway gap " determine the direction of the market .
98 . " Runaway gap " or " measurement gap " determine the direction of the market . About this gap allows assessment of the health and velocity trends .
99 . " Runaway gap " or " measurement gap " is only the opening goal of price determination . Target price for the length of the trend , in one clear direction and defined.
100 . " Exhaustion gap " provides market trends .
101 . Close to important changes , oscillator analysis is not effective and can lead to mistakes . But ending change , oscillators play a vitally important role .
102 . When the oscillator to the ceiling or floor value of the wavelength , it is only the current price has gone too far or too fast and being dependent on one particular trend .
103 . Road Oscillator is most useful when it touches the border near the floor or ceiling . That just surpassed the market to buy or sell and the price trend has warned overextended and vulnerable to breaking .
104 . The deviation between the oscillator and the price when the oscillator is in good standing as a precursor to important information .
105 . 0 Oscillator cross the road can give important signals only 1 price trends .
106 . Due to the structure available , the momentum line is always price step ladder . It controls the rise or fall of prices , and a slowdown expression when the price trend is still continuing . After that it travels in the opposite direction as prices began to show signs of slowing down .
107 . RSI is the only way to evaluate the level of graph from 1 to 100 . Shifts over 70 is considered overbought and below 30 is oversold . Depending on how you build the overbought RSI indicator which can exceed 80 in the market and the oversold indicators below 20 in the down market .
108 . When the first time exceeded the RSI overbought or oversold point usually is only 1 warning . Market signals appear significant when the RSI continues to exceed the 2nd alert to the danger point value . If the times exceeding 2 1 failure is continued validation that has drifted to one new highs or lows , and deviations exist . It is time to take actions to ensure that the current price . If the Oscillator continues opposite trend , breaking the ceiling and the floor , diversion or failure tends to be confirmed.
109.Stochastics simply used to evaluate the cost of closing is within the price range in the first period of time or not , and is measured by the percentage from 0 to 100 % . High proportion ( over 80 ) show that the price is on top of the price range , and low percentage ( less than 20 ) show that the price is at the bottom .
110 . An index method combines Stochastics and day of the week is to use weekly signals to determine market direction and to determine the signal on time (depending on how the transaction) . This is one option that combines Stochastics and the RSI .
111 . Most of the oscillator signal buy only the most useful in an uptrend and sell signals Oscillator useful only in the downward trend . So you always need to assess the current trend of the market . Oscillators are then used to determine the point in the market .
112 . No need to pay close attention to the Oscillators in the early stages of the step value is important , but special attention should be paid to its signal strength when the price step .
113.Phuong how best to combine the technical tools that use weekly signals to determine market direction and day signals to determine the appropriate entry and exit points . Following day will signal only if it matches the signal week ( days - weeks , 4 hours - days , 1 hour - 4 hours)
114 . Prices not affected by the news of the price increase due to speculative buying too much is reported for the coming decline . Prices not affected by the news as speculation lower prices sold is advised to the market price is too low .
115 . Elliot Wave Theory - a bullish price includes wavelengths 8 , 5 and 3 step increments down .
116 . Elliot Wave Theory - 1 5 wave trend is one of long-term trends
117 . Elliot Wave Theory - The price adjustment is always divided into three wavelengths .
118 . Elliot Wave Theory - waves can be extended to larger wave or split into smaller waves .
119 . Elliot Wave Theory - there will be an extended impulse wave . 2 other wavelengths will reach equilibrium and the magnitude of the wave period .
120 . Elliot Wave Theory - Chain Finobacci the basic algorithm for the Elliot Wave Theory
121 . Elliot Wave Theory - The number of waves on the string for Finobacci
122 . Elliot Wave Theory - Finobacci line rate and is used to determine the target price . Devise common use is 0.62 , 0.5 and 0:38
123 . Elliot Wave Theory - The market can not lower down the bottom of the 4th wave .
124 . Elliot Wave Theory - Wave 4 can not roll over one wavelength .
125 . Support and resistance most effective tool to identify market entry and exit points . To use either a specific stop loss , graph with support and protect the most important role .
126 . One of the sectors most affected by the dollar 's gold market . The price of gold and the dollar generally fluctuate inversely proportional to each other .
127 . Yen sensitive to price fluctuations and the impact of raw material markets .
128.Nhung commodity producing countries ( Canada , Australia , N.Zealand ) dependent on Japan than in other countries .
129 . The yen 's sensitivity to forecast the Nikkei , the Japanese stock market and real estate market .
130 . Cash flow GBP ( British pound ) are managed in the London market will often drop in U.S. markets , and sells drip in Asia . So , in the New York market , the banks stopped the GDB valuation at noon .
Swiss 131.Franc closely linked with the German , and therefore also bound by European markets .
132 . Trading market is the world's largest accounting for 32 % of the London market , New York and Tokyo with 18 % to 8 % . Singapore followed with 7 % , 5 % and Germany with Switzerland, France , Hong Kong, accounting for 4 % each .
133 . Do not use the market to satisfy the needs of your prank .
( According http://www.forexxcode.com/