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23/58
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[/u][/i][/b]
How to lose properly...

OK, so you’ve read the Previous article and you have accepted the nature of trading for what it is; a random distribution of winning and losing trades.
Now, let’s discuss in 5 simple steps how you can lose properly on any given trade that you take:

Step 1:

The first step to losing properly is accepting that you will have losing trades no matter what. Once you accept this, you can move on to the next step, which is about devising a plan to minimize your losses as much as possible.

Step 2:

Next, determine the dollar amount or R value you are comfortable with potentially losing on any one trade. As I’ve written about before, we do not measure risk in pips or percentages, we measure it in dollars or pounds, euros, etc.

Step 3:

Now, you need to calculate your …
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Chaudhry77 avatar
Chaudhry77 12 Oct.

Nice work

khalidamassi avatar

Well written

OlgaBLR avatar
OlgaBLR 14 Oct.

great

Ruteale avatar
Ruteale 20 Oct.

:)) good

massimoscalas avatar

ottimo articolo davvero: bravo!

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18/58
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This article i published in 2 parts, here its first part, hope you all will like.
Learn to Lose Properly
:
I know it sounds cliche, but losing truly is part of winning, especially in trading. If you want to become a complete trader who truly knows how to trade properly, we must learn how to lose properly in addition to actually learning how to trade.
I know this isn’t perhaps a ‘fun’ topic to discuss, and you may not even want to read this article, but I promise you that is a huge mistake. We simply will never make money as a trader if we don’t understand the importance of losing properly in the market and how to do it.
So, for those of you who are looking for an ‘easy fix’ or ‘fast money’ without any losses, you may as well stop reading now. For the rest of you who truly want to have a chance of making consistent money trading the markets, read on…
Train your brain for losing properly…

All too often, I see beginning traders trying to avoid losses in a number of different ways. It seems that people are pre-wired by nature to try and avoid losses, it’s a normal tendency. But, when it comes to trading, this pre-wired trait does us significant damage and will even result in blo…
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Chaudhry77 avatar
Chaudhry77 12 Oct.

Good

khalidamassi avatar

Good one

OlgaBLR avatar
OlgaBLR 14 Oct.

great

klintons avatar
klintons 16 Oct.

Very weii

massimoscalas avatar

molto bene!

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30/52
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TRADE AND BECOME A MILLIONAIRE IN SHORT TIME- A BIGINNERS DREAM
It begins with a dream of an easy way out to making money, I mean lots of it. It was the same for me when I started trading forex. I thought I finally found a convenient way out of poverty. It is good to dream and dream big but dreams are always dreams. Some come true and very many do not.
When I started trading in 2011, I was damn broke as hell. After a few lessons on trading and demo account practice for a few weeks, I felt I was ripe enough to trade live. I invested 3000USD of my hard earned savings. I made my calculations and thought, I was on the verge of hitting it big. This feeling gave a very positive energy of life and I just found myself smiling all the time. (of course I will be rich soon). However, after just two weeks of live trading the scale fell off my eyes when my initial deposit of 3000 USD evaporated up to 90%.
But is it really possible for a traders (professional or amateur) to have only winning trades??This is the question on every beginners mind. I also erroneously thought one could have only all winning trades. This is practically impossible even in only one month of trading.
BUT HOW CAN ONE BE S…
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rh6899 avatar
rh6899 7 June

confirmed and will might be confirmed soon
crossed and will might be crossed soon

waiting confirmed and crossed happen is exhausted (who said it is a fun job? there is no fun in any job)
hoping will might be confirmed soon or will might be crossed soon is expensive (this must be the first lesson for a trader and must be train for this condition a trader must pass this test first)
when it is confirmed or crossed but not perform this can be fix and we spot it soon

JockPippin avatar

If trading isn't boring ..then you are doing it wrong ...A waiting game and positions that don't get your heart rate up even when it's falling before your eyes means you got your money right .It shouldn't be exciting it should be mundane and calculated .Nice to hear a story from a guy that's put his money where his mouth is  instead of some nugget winning the article contest that's  never traded for real and telling me about waves and candlesticks :)) .

nobleline9 avatar

Hi JockPippin, Yes trading is sure boring and not as easily lucrative as some seem to make of it.

JockPippin avatar

People are scared to lose and get a few scars to the wallet and run away but this game is a high risk of loss ...If your'e  scared of heights then don't sky dive as a hobby :))) . The money is sweet when you get it right ...no doubt !! ,It's how you handle your losses that determines if you are a good trader ...If you break even in this game you can consider yourself a winner :)) .

scramble avatar
scramble 9 June

Many many times I feel like trading is just about knowing deeply yourself and your limit. Most of the times you will have to buy the falling price, or sell the rise.! Think about... how many times did it happen? You buy the rising price just to get the extreme peak of a multi days downtrend? So extreme that the ask price is not even covered by the candle in the chart? And how many times did you give up waiting for a move to come, just to realized you left exactly when the move started? Trading is a business: you have to buy CHEAPER. And sell HIGHER. The trend is an human illusion. That's it.

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16/23
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Best Choices to Handle with Loser Forex Positions
Introduction:
After minutes of opening position in Forex, the position will either be profitable or loser, you will see your equity increase or decrease according to position. opening a trade in the market of Forex is very easy and simple but sometimes the pair move against your trade or Simply your position make looses instead of profits and this is great test for your profession and strategy.

From profitable to loser trade:


Generally, any one open a trade it may go against his/her favor and then it would decrease the equity of account. Losses may deepen if your stop loss is set far from entry or according to your exit strategy. Sometimes, the trade may convert from profitable to loser or the opposite in minutes or seconds especially at the time of strong data.
Loser positions adverse effects :
When a trade begin to make losses our adrenaline work and adversely affects our physiological and emotional behavior and this an enemy for any trade, but all of this depends on trading profession and experience, below the common adverse effect of a loser trade position:
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bharatholsa avatar

Very Insightful - I will use your suggestions.

JuliaBF avatar
JuliaBF 14 Sep.

Well done!

peachynicnic avatar

thanks for sharing

Stix avatar
Stix 25 Sep.

Every trader should read that ! Thank you so much ! Excellent. :) :)

VictoriaVika avatar

A brilliant article. Inspiring and nicely written, really good examples!

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22/47
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So, it's time for the second part of my article. Today we'll look at some great methods of analysis of the Forex market, which give gorgeous results - about 50 to 50!1. Analysis of candlesticks. Familiar to all traders candlestick chart has come to us from ancient Japan, it was originally used for the analysis of the rice market. In those days, and there were candlestick patterns such as "bearish engulfing", "shooting star", "hangman", "hammer", "Harami" and many others). Maybe in those days - all of these candlestick patterns work, I admit that option. Now - unfortunately not, we can only state the fact of the graph of any candlestick formations - and it will not tell us about the future behavior of prices. Candlestick chart informative, very comfortable showing us the past behavior of prices, and in the end - just look kawaii. That's all.2. Wave analysis. Widely known as wave analysis, in which the price movement is divided into cycles, which in turn are divided into waves. All traders know people like Gann, Elliott, and others. Maybe Gann and Elliot could really earn something on their wave theories, but apart from them - it did not work more at anybody. The key problem here is …
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Jester avatar
Jester 29 July

2 seediee Trading by BB like any other indicator is like a driving the car forward looking to the rear view mirror :)

Maksim_Chelnokov avatar

Thanks guys!))

HOANG_MAI_NHI avatar

so good

kudryaviy avatar
kudryaviy 20 Sep.

Nice

kudryaviy avatar
kudryaviy 20 Sep.

And I cant put like. May be there is some problem.

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4/47
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I have been trading Forex for several years, and I want to share my opinion on what trading methods give a higher percentage of winning trades. Let's look at the popular methods of trading. 1. Moving averages cross (SMA 7 crosses SMA 14 and SMA 30, SMA 5 crosses SMA 75 and SMA 85), and so on. These strategies are built on same principle - when the faster moving average crosses the slower moving average - it is a signal to buy or sell. Forget about it...This is not a signal. Moving averages are lagging too, and at that moment when you got the signal to enter into a trade with them - the signal is already hopelessly out of date, and the probability that it is a signal to profitable trade - only 50 to 50. Very nice this trading method looks only at the history...but not in reality. 2. Oscillators, indicators overbought-oversold, . Such as stochastic, RSI, Williams' Percent Range and so on. Is considered a classic of the genre, you have to sell when the indicator is in overbought and buy when the indicator is in the oversold zone. It really works! In half of the cases ...Like many other types of indicators - the oscillators are good for the market, which runs in the channel. Bought…
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Maksim_Chelnokov avatar

Thank you Victor)

Eugene1 avatar
Eugene1 20 July

very useful

WaelStrategy avatar

Great Maxim , you have Good Critical Eyes

FxMidaso avatar
FxMidaso 27 July

Nice article Maksim.
It looks like all of us are following the same path, finding the holy grail.
I think the most important part will be to try, learn, try, learn until you find a system that works.
Then, learn to control your mind and greed, that should bring us closer to the holy grail, if there is one.

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37/46
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In interaction with traders, observe a predominant state in its behavior during operations: fear. Fear of winning and losing This condition affects a blow results in operations. And the fact not be perceived generally entail disastrous consequences. But once identified, it is possible to turn it into insight and prudence. Character essential for profitability. Fear is a feeling that leads to behaviors that can escape the our control. It is inherent in human beings. Once recognized and identified, becomes an additional tool in the application of technical knowledge. How to identify the fear? The big secret is to acknowledge your thoughts, for they are generating feelings. One of the hallmarks of successful investors is exercise insistent self-knowledge, because they were convinced that, through this practice, gained self-control. Ie acquiring a larger domain of emotions, impulse and intuition, knowing uses them. Can also control its own fear. Thus, it makes their operations more efficiently. To identify the fear, the feeling must realize that the causes. Imagine yourself in one of these situations: 1ø - Loss of something desired; 2ø - Loss of prestige; 3ø - Need for approval from o…
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SpecialFX avatar
SpecialFX 19 Apr.

Oi cara! :D It's all about confidence, not enough of it and you become fearful, too much of it and you become greedy and stupid in general...become you think you're invencible. Keeping an emotionally detached and neutral state of mind is the only way to trade successfully in the long run :)

scramble avatar
scramble 24 Apr.

i do really believe we don't trade money, we trade our emotions! concentration is also a good way to manage with fear. when i feel like i'm going to an exam (anxiety, pressure, uncertainty etc..), i just don't trade! history sometimes... teaches! :)

geula4x avatar
geula4x 25 Apr.

+1 Liked: An important article about the psychology of trading. A good trader MUST control his/her feeling and have self discipline! :-)

alifari avatar
alifari 28 Apr.

Excellent article +

hazem2013 avatar
hazem2013 29 Apr.

good work

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9/46
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Preface No trend is up or down forever, this is a big market lesson for every trader, market is like a very quick taxi which you should be within it to gain (be sure you are not the driver).Gold double about three times from 2008 at the beginning of the financial crisis in the united states -after that in all the world- and it make continuous gains year after year. Chart Shows the strong uptrend for gold in the last yearsTechnical Analysis for goldFirst Warning : In 2012 the gold closed below the 2011 close which means that gold make the first yearly loss from 7 years, that's was the first indication that there something wrong with gold.For sorry if you depend on banks researches and fundamental predictions you will not believe that gold now is 1483 (14.4.2013) because they persuade us that the gold will be 2500 at the end of 2012. Really chart does not lie, it is obvious that gold is in downtrend and it broke strong and important support lines in the last period.In the monthly frame :Gold lost ground in the monthly frame in the last months of 2012 and it continue lose ground month after month. Charts shows the down tend of gold in the last periodIn the weekly frame:We often check …
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khalidamassi avatar

hazem2013,I hope that

khalidamassi avatar

SpecialFX, bears now control gold, I think it will take a while before bulls control again

khalidamassi avatar

leotraderpku, I hope that bro

khalidamassi avatar

hazem2013, merosalah, thanks for continued support

khalidamassi avatar

Thanks for everybody for support, GOOD LUCK

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27/40
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From my experience in the forex market , I cannot imagine anyone can profit and accumulate profits without understanding the physiology of the doji , I believe that we –as traders- can trade without a lot of indicators but not without doji because it the alarm which warn us for trend reversal or at opposite it may indicates the trend continuation ,from this article you will see charts in a way you did not see before what is DOJI candlestic , doji is a candlestick in which the opening and closing prices are the same as shown below (Figure shows different formation of doji) In this article we will check the doji in the -most important frame- monthly frame in order to understand how the big movements in the market occur Note :in the forex market when the doji have small body , I accept it in some casesExample 1 : closure below resistance (Short or sell) :Let's see this doji in the Eur/Usd in the monthly frame , all the explanations are in the chart please read and concentrate Now we will check the weekly chart to decide the direction of eur / usd From the last example ,we can see how the doji can help us gain hundreds of pips with small stop loss . how to enter this trade ?? it is …
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khalidamassi avatar

thank you for support my bro ...EFEGEN

Delossan avatar
Delossan 29 Mar.

The doji can be good with other confirming tools.

SpecialFX avatar
SpecialFX 29 Mar.

I agree with previous comments that dojis by themselves do not give you great odds of success, but when combined with good money management and some other filters they can be very powerful, far better than most indicators anyway :) Good article

khalidamassi avatar

Delossan...you are right but in monthly + weekly give us clear indication ... i will show more examples soon

khalidamassi avatar

SpecialFX... thank you ... you are right ... one of the most values indicators

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30/51
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In what, from a sentiment point of view, Stop Loss and Take profit are fundamentally different? The difference, in my opinion, lies in the fact that I WANT the Take Profit to be reached, while I DO NOT WANT that Stop Loss is reached. Ok, that's not a breaktrough, I know... Though, there is an important difference regarding the psichology that I use when I put pending orders, and the psichology that stays beneath the other traders behavior. So: if I want to use this substantial psychological difference to trade as a winner, how should I do? Let me explain with an example: if I do not want anyone to find out something, the easiest and most effective way is to put it where no one would ever think to look. A good choice would be a completely illogical place. Do you remember The Purloined Letter, the short tale written by E.A Poe? Something like that, I suppose. On the other side, if I want something to be found, I will put it where everyone thinks that it might reasonably be. So, that's the idea about how I think we should reconsider the most common Stop Loss and Take Profit positioning methods: 1) put the Take Profit where everyone puts it. (on a support, a resistance, a fibo retracem…
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SpecialFX avatar
SpecialFX 21 Feb.

Interesting approach to SL and TP :) I can see the logic in following your advice regarding SL, but there are also good reasons to place the stop loss where it is more logical from a market/trend point of view, even if that's where most people place it as well.

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19/35
Ranking
1) lack of knowledge: Most of the new currency traders do not make the time to learn and learn the basics of currency movement. So it must in this case when there is a date for the release of economic news or important statements to get out of the market to close their contracts open and wait until there is a chance other appropriate to enter the market and this is the best way for them to enter the market only when it is quiet and so avoid trading random during news The thinking in the art movement of the market.2) repeat entry on the same day: When you set a goal short in the number of points and a reasonable proportion of stop-loss will make you check a couple of hundred dollars a day.3) access at once a large number of contracts: Most companies give you a small margin to enter and some believe that this feature good understanding Egronk to enter a greater number of contracts at once to get a greater benefit you, remember that when it drops remaining amount from your account for use in the margin to zero The program will log you out of the market and immediate and close all your contracts you bear the loss.4) rely on others in decision-making: often acting professional._en indiv…
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eglawer avatar
eglawer 8 Sep.

Thank you for this article

SpecialFX avatar
SpecialFX 10 Sep.

37) Cutting your profits short, and letting your losses ride (the exact opposite of what you should do) :)

hany8 avatar
hany8 10 Sep.

Hi iam with you Specials and with Haney

alifari avatar
alifari 24 Sep.

good job - well done

captain avatar
captain 27 Sep.

An informative list. It could also be longer. It all boils down to lack of a profitable trading plan and the discipline to implement it.

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3/41
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We've all been there, you put on a trade and it shows you
some profit, then all of a sudden the spread widens considerably and your
stop-loss is hit, causing you to lose money. A few seconds later the spread
goes back to normal and the price quickly resumes its previous (profitable)
trend, but you no longer have a trade on.
Or you've placed a buy stop order to open a new position if
the price reaches x, it is triggered when the spread widens, but as soon as the volatility subsides the price returns to where it was before the chaos
started, ie. much lower than x, so you now have a losing trade on your hands.
                                    This trader lost a lot of money due to widening spreads...This article will show you how to avoid having
an opening or closing order prematurely filled, due to the spread widening
during important news or off market hours, using the different order types
provided by Dukascopy. ► Why do spreads widen/tighten?In a well-functioning financial market, where prices are
dictated by various market participants (and not by a single entity/market
maker), instruments do not have fixed bid/ask spreads. Usually, the higher the
liquidity, the lower the vola…
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SpecialFX avatar
SpecialFX 16 Aug.

But what happens if the price is 1.1971/72, some news comes out and the spread temporarily widens to 1.1961/82? Your stop would be filled at 1.1961. If you use the orders I recommend your stop will only be activated if the market actually reaches the price you indicated, because the more the spreads widen the less likely it is for the order to be filled. With the other orders the position can be filled at ''non-market'' prices during short periods of high volatility, because the more the spreads widen the more likely it is for the order to be filled :)

Myprox4x avatar
Myprox4x 20 Aug.

I learned few things from your article +1

scramble avatar
scramble 20 Aug.

yes right! indeed better follow your suggestions when using buy/sell stop orders or limit orders. can help a lot when market spikes!

MrSami avatar
MrSami 29 Aug.

nice.. good work.

berkek avatar
berkek 26 Mar.

This is by far the best article I have read in the community posts. Thanks for sharing.

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36/58
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        You may have a Trading Plan to follow your own system or “edge”
but what have you got that ensures you will follow your Trading Plan? It’s that
plain old humble journal. Surprised? Don’t be. Many traders have heard of
journaling but few will ever put it into practice. So is it any wonder that
only a select few ever make it in trading? It is rather very telling that the
very thing that puts off the majority of traders are the very thing that is
directly or indirectly responsible for their trading success.
What is a journal?       A journal doesn’t need to be as complicated as rocket
science. In fact, just like in trading, the simpler it is, the more effective.
For most traders journaling means recording their trading outcomes i.e. where
did I enter a trade, where did I exit, what was the result, etc. These are fine
and you want to continue doing that. But truth
be told, that alone wont give you the the outstanding results or the amazing
changes in your trading performance that you are seeking. The most crucial part
of your journaling should be self-analysis part with a view for
self-improvement. This is where the “rubber meets the road” in journaling.The effective method
exp…
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fzavier avatar
fzavier 21 Feb.

This is the last of the 3 articles that I offered this month. The first being a help for struggling traders. My 2nd being a very powerful and complete trading strategy. Now my 3rd is equally important and complements the other 2, in the form of journaling method to make you a more effective trader. Dont be fooled by its simplicity. Its loaded with powerful methods to make you accountable and disciplined. It takes the emotions out of your trading and results in nothing but profits. You will be surprised what journaling could do for your trading success.

fzavier avatar
fzavier 22 Feb.

Journaling and trading success are 2 sides of the same coin. It goes hand-in-hand.

fzavier avatar
fzavier 27 Feb.

Its easy to see why journaling traders who succeed and the success rate of fx traders correspond to each other. Very few make it because very few journal.

Bluedragon avatar
Bluedragon 29 Feb.

good luck +1 ;)

fzavier avatar
fzavier 29 Feb.

thanks bluedragon :)

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41/58
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The most important, the easiest to learn and ...the hardest to do.
The base foundation of any successful trading system should be a rock solid money management. We could all agree that in order to stay profitable we need to have our mind on three things. First being a good and consistent trading system, second using that system on the right market(s) at the right time and third being self-tailored and respectively followed money management technique. Out of these three, the third one is the most important, it is for sure the easiest to learn, however sometimes, it can be the hardest thing to do.
The Most Important
Most of newbies in retail forex burn their first accounts to zero because of non existing money management, guess what, most professionals would burn theirs to if they would by some wonder forget all about it, it is all about containing the risk factor within acceptable boundaries. Other thing that finely tuned capital management technique and all the discipline associated with it is really good at is prevention from just one bad trade eating the profits of ten good ones. By doing so it crystalizes your trading behavior in a mathematically correct manner. So at the end of…
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doctortyby avatar

Compound Profits and Losses.they can work for you or Against You.+!

ritesh avatar
ritesh 26 Feb.

excellent article. +1

bebasvemir avatar

tnx, ritesh!

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22/108
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Hello traders! Near five years experience allows me to formulate the 13 proposals, on which should be based effective speculation on any financial market. Of course everyone can say that he/she disagrees. I have my knowledge and I think this is the essence of trade. Feel free to read and polemics. 1st Nobody is bigger than the market. There is simply no, remember this. A samurai will not attack the hundred-thousandth army. Likewise, we, individual traders, we will not speculate against the banks, funds, investors with large capital. We have only to join them early enough to not become those who buy back their big positions and run at a loss. Therefore, a general rule what is most important for us is: do not go to war with the market. That's what you should look at the market. Well unless you want to still be in 95% who losing. 2nd Learn to be in the minority. This is an important skill. You can not submit to pressure from the crowd that in 90 to 95% lose. How do I? I just trust my method and do not pay attention to analysts, other traders (with the exception of the most experienced). Does this mean that you have to play against the trend, because thi…
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adask avatar
adask 17 Oct.

Respect! Great things to read for anyone trading Forex! Couldn't agree more to almost all rules.

bdheeman avatar
bdheeman 23 Oct.

Too long, repetitive, too many rules to remember; many a books, websites and, or blogs already have similar content and, or articles, but bothered to simplify or reduce the rules to just 4 or 5, that's why most or 95% of the traders fail.

Insider avatar
Insider 31 Oct.

fajno

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