Forex world get to know many of the terms and disciplines. To become an expert trader, a person is required to understand the science of strategy, analysis, money management and so on. Of all the disciplines, I try to summarize it into three basic important to learn, among other things:
1. Entry Level
Forex knowledge that focuses on the planning and actions in conducting market entry. Many traders focus their energy and mind to find the right momentum when and where the time is right to make market entry. Use existing support the accuracy of the current market entry, traders usually aided by technical analysis or fundamental.
Studying insight into market entry requires a relatively long time , because it involves trading system used . So there must be a proper test with the potential for a small loss . How do we deal with the volatile market and adapt to market patterns , therefore it takes extra time to master how to market entry . Not even a half-hearted we have to do disassembly indicator on the chart in order to get the best formula so that when market entry is not wrong . Once this is wrong, then we would be stuck . At this stage even the state can be more complicated and difficult , which sometimes makes a trader frustrating , because it could not find an accurate indicator in determining the direction of price movement . Along the length of experience and the high hour of trading , the use of indicators be reduced or even no longer required . This usually happens because the senior traders see the market's movement with a long-term analysis and manage it in the short-term trading .
2 . Protection Level
It is knowledge that is popularly called by forex traders with the term money management . The senior trader will always be wise and rational in making any trade transaction . This is done in order to maintain capital under management of large losses as well as maintaining stability in emotional or psychological trading. He will always keep his margin to always continue to grow and never play in doing this .
3 . Target Level
Last , is the forex knowledge to determine goals . If we 've done two things above correctly then the next is to determine the ideal target position of your trading . The target is important because it is a benchmark or goal that we must achieve in every trade that we do . Target is precisely what will make us not get caught up in trading continuously for not having a clear target .
This goal is not just important but rather the ratio of profit and loss for . Therefore, by applying the target level we can know the progress of our trading charts . Ideally, the risk / reward that we apply is 1:3 ie with 50 pips stop loss of 150 pips profit us . So our goal is to take off 50 pips 150 pips . Whatever happens if you are travelling without a clear purpose , would be tossed around in the street , confused where to go and what to do. So all the Map current plan from the beginning . Make it a rule that we are able to do so . Make it clear and measurable targets , then we do trading . Thus , our trading would be very enjoyable .
1. Entry Level
Forex knowledge that focuses on the planning and actions in conducting market entry. Many traders focus their energy and mind to find the right momentum when and where the time is right to make market entry. Use existing support the accuracy of the current market entry, traders usually aided by technical analysis or fundamental.
Studying insight into market entry requires a relatively long time , because it involves trading system used . So there must be a proper test with the potential for a small loss . How do we deal with the volatile market and adapt to market patterns , therefore it takes extra time to master how to market entry . Not even a half-hearted we have to do disassembly indicator on the chart in order to get the best formula so that when market entry is not wrong . Once this is wrong, then we would be stuck . At this stage even the state can be more complicated and difficult , which sometimes makes a trader frustrating , because it could not find an accurate indicator in determining the direction of price movement . Along the length of experience and the high hour of trading , the use of indicators be reduced or even no longer required . This usually happens because the senior traders see the market's movement with a long-term analysis and manage it in the short-term trading .
2 . Protection Level
It is knowledge that is popularly called by forex traders with the term money management . The senior trader will always be wise and rational in making any trade transaction . This is done in order to maintain capital under management of large losses as well as maintaining stability in emotional or psychological trading. He will always keep his margin to always continue to grow and never play in doing this .
3 . Target Level
Last , is the forex knowledge to determine goals . If we 've done two things above correctly then the next is to determine the ideal target position of your trading . The target is important because it is a benchmark or goal that we must achieve in every trade that we do . Target is precisely what will make us not get caught up in trading continuously for not having a clear target .
This goal is not just important but rather the ratio of profit and loss for . Therefore, by applying the target level we can know the progress of our trading charts . Ideally, the risk / reward that we apply is 1:3 ie with 50 pips stop loss of 150 pips profit us . So our goal is to take off 50 pips 150 pips . Whatever happens if you are travelling without a clear purpose , would be tossed around in the street , confused where to go and what to do. So all the Map current plan from the beginning . Make it a rule that we are able to do so . Make it clear and measurable targets , then we do trading . Thus , our trading would be very enjoyable .
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We love the world of forex. Sharing information about forex is our way of showing happiness. Therefore we made a "Campus of FOREX" as a portal to learn forex.
Forex is not something to fear, but fear when you are not able to control yourself in the forex or whatever. When profit in forex it becomes your personal responsibility, and when you lose in forex it also becomes your personal responsibility. Forex simply as a facility to achieve financial freedom, no more no less. Forex is a place to think realistically.
Being successful in forex, it means you are committed to establish a disciplined and thoughtful character. Forex may be the best mirror of your true character. Forex is just forex.
Happy reading.
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