The capital market is a place of miracles, foreign exchange margin trading is to create such a miracle provide a sufficient condition. If you are targeted, Qierbushe, disciplined, and have a good trading system, then, this miracle might happen to you.
In the foreign exchange market, Mr. Richard Dennis said the United States can be unknown, but he started by $ 1,600 principal amount invested entirely in a personal capacity, by virtue of its unique market technical analysis judged the system and combat technology system, 16 year period will be added $ 1,600 to $ 1 billion. Miracles like this happen every year in the foreign exchange market, but the more successful keeping a low profile, not known Bale. If you carefully analyze the mysteries of these successful people, you will find there are five basic steps in the process of their success, namely, "targeted, correct idea, excellent tools, disciplined, planned science."
The first step: targeted
Do anything to be a goal, no goal, it will be lost. Corporate profit targets for years, the national GDP growth target for years and five-year development plan, as an individual but also ideal, but this ideal at different stages of life is reflected in different forms, if specific performance in the capital markets, is You should own the next month, one year, three years or five years or longer, you should get what kind of a profit target for a clear plan. This goal may not be achieved within the specified time, but also need to develop, because he is your way forward. No orientation of the target, it is impossible to implement the steps and plans. No implementation steps and programs alone make success is nonsense, mirror seen flowers, squaring the circle, is simply impossible.
For example: I would like to use $ 500 to earn $ 10 million, a lot of people sounds like the "Arabian Nights." Because the gap between the two is too large, it is impossible to achieve. Really impossible to achieve? If you use the $ 500 to enter the market, if it is 1: 200 times the margin, every day you open only a hand positions, earn 30 points every day, every $ 500 increase, the more open you first-hand positions, to 180 days, you will have millions of dollars. According to statistics, the foreign exchange market fluctuations of various currencies every day an average of more than 100 points, earn one third of every day, in theory, is not a difficult task, but in practice, it may be a lot of difficulties. If you continue to break down the difficulties, as the man on the moon project down into a concrete implementation steps, then things might have become hard very simple.
Step two: the right idea
With $ 500 in order to use $ 10 million to make the specific objectives, but how to achieve, which relates to the conceptual level. Speculative investment or by using the method, middle or short positions every day to reach the target profit of 30 points? If you can not gain 30 points that day how to do, if that day is not actually a loss how to do profit, it is 15 minutes or 60 minutes as the Wagner cycle ...... and so on should be clear after considering the overall goal clear. Only these issues to think clearly, and you will go to plan accordingly, enforce strict discipline, to find a good trading system to help you achieve this goal. Otherwise, you will be in successive profit more than $ 30 when complacency, greed rapid expansion; a loss of $ 20 that day and depressed, regardless of the characteristics or the mentality of the market situation and become freely opening transaction. These are not the right idea, it is the enemy of your success, but also the weakness of human nature for all investors. These all need the right concept to overcome.
The third step: Excellent tool
"Work on the things we must first of its profits." In forex trading process, there is not a good trading system, is key to the success of your success. Good trading system is to ensure that you achieve the fundamental goal is to ensure that the probability of winning every time you trade all tend to your side. After all, long-term stability in the foreign exchange market to profit, is to rely on the probability of winning is always greater than the probability of loss to be guaranteed.Murphy said that as 60 percent of trading profit by 40% to obtain, in the final analysis better than 60% probability of winning by 60% transaction earned reassuring.
A good trading system is to ensure the long-term and stable basis for your profit. None of this system, you will always linger at a loss, profit, and then a loss, and then endlessly profitable until the day you were expelled from the market. For example, within 100 days, if you trade 100 times, 60 times earnings, 40 times the loss, profit loss is $ 30, then after the win loss offset, your ultimate profit 20 times, a total of $ 600. If you follow this deficit to win probability keep going, 250 days a year, you'll profit 150 times, 100 times the loss of the last 50 times earnings, so from a $ 500 to $ 10 million dream may be nearly four years so although prolonged achieve your goals, but it will not hinder your goals are attained.
Step Four: discipline
Forex market too many chances, faced with such a wealth of temptation, human greed will inevitably rapid expansion. If you do not have a good sense of discipline, you'll drown in this market. Strict discipline is to ensure that you achieve your goal of conditions. The same is, why there is fighting army than ordinary people? Because they go through rigorous training, with strict discipline. If you put in front of the trading system compared to rigorous training, then rely on the system can play a role to ensure the strict discipline.
In the transaction will encounter a lot of people, obviously affect trading system in the opening or closing signal, the operator by greed or fear, according to the signal when the operation will not occur, the result is not stuck flesh. Discipline not strict, you will retreat no data, transaction loses its tricks. Imagine if all the cars on the road, do not follow the "red light stop green line" discipline operation, the road will become a slaughterhouse. Trading is no exception. If you are a disciplined person, you can stay in the market, or otherwise quit for good.
Step Five: Plan Science
Achieve $ 500 to $ 10 million goal, scientific program is very important. With the previous four steps as a guarantee that the final step is how to develop a scientific plan. The plan is how much profit point to exit point stop loss how much; if several consecutive losses, should take some time off; if the market is not a good market, whether barely transaction; one day should deal several times; the choice at night or during the day Trading; if completed the day's profit target, whether still continue trading losses, and whether this should regain ...... These are to be considered when planning clear. After the planning is complete, you will find that the transaction becomes as simple as eating and drinking, when you Jiancang no pressure, nor anxious when positions, naturally, will not open when there is fear of greed heart do Tsung. Because you know that what happened today will happen in your program, but will not exceed the outside of your plan. You just need to wait, waiting for you when the transaction reaches the 180, complete 500-10000000 US dollars dream.
This is the essence of the transaction, the mystery winner. This five-step process is a critical step in the successful winners indispensable.