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Leading with Emotional Intelligence
Executives with a strong Emotional Quotient (EQ),as well as a strong Intelligence Quotient (IQ), are quickly becoming the leaders who ultimately make the best decisions and lead the most satisfying lives. These ten practical techniques will support...
PLORK: Creative Laziness, Part 2
An entrepreneur I know, starting a new venture, gave himself three years to turn a profit, firmly believing that working very hard for that amount of time would produce results. And it did! But another entrepreneur, in a very similar field,...
The 7 Principles of Business Integrity
If you have integrity, nothing else matters.
If you don’t have integrity, nothing else matters.
- Alan K. Simpson
If I were to ask you which attribute is the most influential in regard to the success of a business, would you know...
The Seven Best Ways For Salespeople And Entrepreneurs To Build AWESOME Customer Relationships
What’s the one thing starting today that you could start doing, stop doing, or change that would have a dramatic impact on your client relationships? It’s an excellent question and I hope you’ll take a moment to consider your response.
It...
The Top 10 Ways To Improve Your Leadership Skills
Whether you consciously aware of it or not, on some level you are continually leading yourself and others. As a result, it would only make sense that you strive to improve your leadership skills and get the most out of life for everyone in your...
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Proper Behavior of a Forex Trader.
The world of Forex trading is a great open land of opportunities
where great profits can be achieved. But in order to obtain
these great profits you must have a proper understanding of how
the forex markets work and behave.
The Forex market is a market of trends, as you can see in any
forex chart where the oscillation of prices during specific
periods of times is more than evident. And this specific
behavior of the market is what brings us to one of the most
important rules of the forex trader behavior:
You must always trade with the trend and never go against the
evident movements of the market. This an important rule many
traders forget on the assumption that they can somehow cheat the
market. But this is not possible, you will always have to check
your indicators and if the market trend is going in the
direction suggested by the indicators you must stick with that.
You must always cut losses. Yes, every trader has losing trades
and you must learn how to deal with that fact of the forex
world. In short don't let losing trades ride too far and on the
contrary, you should let the winning ones ride as long as
possible in order to always
have a positive balance at the end
of the day. The best technique you can use in order to fulfill
this proper winning vs. losing trades positive balance is the
use of Stop Orders. Every trader should trade using stops if he
wants to maintain the proper balance in his trades for the day.
A Stop Order lets you manage and decide how much money you want
to risk losing if the trade you are in results in a bad trade.
So, if you combine this "security" stop with a correct technical
analysis of your indicators you will always be on the winning
side, even if you have a few losing trades.
In short, the proper behavior of a forex trader can be resumed
in two main attitudes: Always follow the trends of the markets
and decide accordingly (sell or buy) and always maintain a
positive balance of your trades using stop orders in order to
cut losses at its maximum.
About the author:
Adrian Pablo is a freelance writer with articles published in a
number of places. Get a free report on Fibonacci Trading and learn
more about the world of trading , visit the website: http://www.1-forex.com
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